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The US Dollar cooled last week, largely due to Euro strength following a 75-bps ECB rate hike. Traders are watching the US consumer price index (CPI) amid the FOMC blackout period.

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A leading indicator for turning points in Switzerland's economy signaled that the near term outlook for the economy was likely less than encouraging, results of a survey by the KOF Swiss...

The Canadian Dollar is backed by one of the most aggressive central bank rate forecasts amongst the majors while growth forecasts are holding up pretty well. Despite that, the currency has generally...

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The Federal Reserve interest rate decision is likely to sway EUR/USD as the central bank is widely expected to normalize monetary policy at a faster pace.

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The price of gold slipped below the 50-Day SMA for the first time since February as it extends the decline from the monthly high ($1998), and the update to the US Personal Consumption Expenditure...

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Oil fell last week after the United States and China appeared to coordinate efforts to fight high prices. Will potential SPR releases between the two superpowers put OPEC on the defense?
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The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term...

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The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.

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Gold strength may continue in the near term as the Fed stands firm on their transient inflation outlook. Nevertheless, hotter-than-expected PCE figures on Friday pose a potential headwind to...

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The DXY Index has held onto key technical support, suggesting that bulls may have a bit more fight left yet.

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GBP underpinned as BoE downplays negative rates, alongside vaccine rollout.

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GBP REJECTS RESISTANCE: In what has been relatively choppy week for FX markets, GBP/USD eked out minor gains of...

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Gold prices in USD-terms have rallied sharply this week, but gold’s gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar weakness is masking gold’s own bearish underlying...

Gold prices lack broader direction as the precious metal trends sideways amid conflicting fundamental signals largely due to swings in real yields around fiscal stimulus negations.

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Gold...

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If ECB President Christine Lagarde was hoping to curb the strength of EUR/USD last week, she failed. Instead, the pair is now well placed to reach new two-year highs above 1.20.

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The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how...

The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro crosses.

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Data...

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The Australian Dollar has soared back to the yearly open highs, seemingly dismissing the imminent onset of Australia’s first recession in 29 years.

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The Australian Dollar, Canadian Dollar and Euro await the RBA, BoC and ECB respectively. Brexit talks continue, and rising fears of a no-deal could weigh on the British Pound. Will the Dow...

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US...

The Euro continues to trade in a narrow range against the US Dollar but a break to the downside is looking more and more likely.

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Gold price action oscillated within a 2.5% trading range over the last five sessions only to finish flat on the week. Broadly speaking, spot gold (XAU/USD) has clung onto the $1,700 price zone for...

Trading the News: European Central Bank (ECB) Interest Rate Decision

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The European Central Bank (ECB) interest rate decision may fuel the recent pullback in EURUSD as the Governing...

Trading the News: U.S. Consumer Price Index (CPI)

The U.S. Consumer Price Index (CPI) may undermine the recent rebound in EUR/USD as the headline reading is expected to hold steady at 1.6% in...

Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision

The Federal Reserve interest rate decision is likely to shake up the near-term outlook for the U.S. dollar as the...

Trading the News: U.S. Gross Domestic Product (GDP)

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Updates to the U.S. Gross Domestic Product (GDP) report may curb the recent weakness in EUR/USD as the growth rate is anticipated to...