Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/AUD
The ECB meets on Thursday and with inflation running over 8% the big question is when the ECB will make that first move and by how much.
Crude Oil Price Forecast: Technicals Turn More Constructive – What's Next?
Crude oil prices have traded through and sustained a move above multi-month range resistance.
Saudi Arabia Hikes July Crude Prices for Asia Buyers
June 6 Reuters Saudi Arabia, the world39;s top oil exporter, raised July crude oil prices for Asian buyers to higherthanexpected levels amid concerns about tight supply and expectations of strong demand in summer. The official selling price OSP for Julyloading Arab Light to Asia was hiked by 2.1 a barrel from June to 6.5 a […]
Brent Climbs over 120bbl after Saudi Arabia Raises Prices
SINGAPORE, June 6 Reuters Oil futures gained on Monday, with Brent rising above 120 a barrel after Saudi Arabia raised prices for its crude sales in July, signalling tight supply even after OPEC producers agreed to accelerate output increases over the next two months. Brent crude firmed 68 cents, or 0.6, to 120.40 a barrel […]
Gold Price Forecast: Gold Recovery Builds Rising Wedge to Resistance
Gold prices have recovered quite a bit since the May low, but that recovery has taken on the form of a rising wedge moving right up to a key level of resistance.
Indian Shares Inch Lower as Tech Stocks Drag
BENGALURU, June 6 Reuters Indian shares edged down on Monday dragged by technology stocks, while global investor mood turned cautious ahead of key U.S. economic growth data and central bank rate decisions in Europe and India this week. The NSE Nifty 50 index slipped 0.47 to 16,504.60, as of 0510 GMT, while the SP BSE Sensex fell […]
Dollar Holds Firm ahead of Busy Central Bank Week
HONG KONG, June 6 Reuters The yen was on the back foot on Monday and the dollar held firm against most peers ahead of a busy policyfocused week in which inflation is in the spotlight with a major European Central Bank meeting and U.S. consumer price data scheduled. The dollar climbed to 130.99 yen in […]
USD Up on further Fed Tightening Expectations; RBA meeting
Rates as of 0500 GMT Market Recap An unusual day in the FX market where USD is the 1 currency and EUR the 2, meanwhile JPY is the last on the list. Usually if USD is up then EUR isnt up so much. Also, usually if JPY is last it means a riskon environment but […]
Turkish Lira Slips Again; Nebati says Rates to Stay Put
ISTANBUL, June 6 Reuters Turkey39;s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to more than 20 this year, due to concerns about a surge in inflation to a 24year high and the finance minister39;s promise that rate would remain steady. The lira weakened as far as 16.57 to the […]
Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD
The sixth month of the year is usually good for risk, and weaker for the US Dollar.