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Forex trading

USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

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Today 05:04 AM
Market chart showing uptrend

Silver extremely overbought after bullish break, resistance zone looms on the horizon

Having taken out its 2021 high on Friday, silver has extended the bullish break on Monday, powering its way above $32 per ounce on the back of big gains in Chinese commodity futures. Given the speed of the rally, silver is fast approaching $35, a level it struggled to overcome in the early 2010s.

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USD/JPY: Difficult for Fed to abandon higher for longer with no new data for guidance

With no new information for the Fed to consider this week, it’s difficult to see their narrative shifting from it still being far too soon to consider rate cuts. That points to upside risks for USD/JPY in the days ahead.

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Today 12:39 AM
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AUD/USD weekly outlook: 4-Month high for AUD, yet resistance looms

Whilst flash PMIs, FOMC and RBA minutes are on the menu this week, the success of AUD/USD is likely to come down to how the US dollar performs.

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Yesterday 09:00 PM

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    Energy

    Crude oil weekly forecast: WTI range under threat as bullish momentum builds

    Monday could set the tone given the bullish price action seen across the commodities complex on Friday as China announced a rescue package for its troubled property sector. If the momentum can be maintained, there’s every chance WTI may break downtrend resistance dating back to the highs set in April.

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    Yesterday 03:00 PM
    Multiple pound notes £5, £20 and £50 Pound Sterling

    GBP/USD analysis: Cable on verge of big breakout

    In the week ahead, we have key UK inflation numbers and global PMI data to trigger the next move. Our GBP/USD analysis remains bullish because of our bearish view on the dollar.

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    May 18, 2024 09:00 PM
    Gold nuggets

    Gold Forecast: XAU/USD Nears Record Highs as “Year of Metals” Continues

    Gold remains in a clearly bullish structure, with all eyes on XAU/USD's record highs in the $2420-30 zone.

    Close-up of stock market board

    Equities weekly forecast: Nvidia, Zoom, Target

    After record highs on Wall Street last week, attention now turns to earnings from Nvidia, the darling of Wall Street, to see whether the AI stock can push for further record highs.

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    May 18, 2024 03:00 AM
    Research

    Silver analysis: precious metal takes out $30

    Our silver analysis suggests that the precious metal could potentially rise far beyond the $30 level, if the recent gains by gold and copper are anything to go by and in light of the big technical breakout from a multi-year consolidation pattern.

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    GBPUSD Analysis: April Highs Set a Weekly Ceiling

    GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs

    Congress building

    Dow Jones Forecast: DJIA set for a quiet start below 40,000

    US stocks head for a quiet open as the CPI-fueled rally runs out of steam. Several Fed speakers have warned that rates need to stay high for longer, and they want to see more evidence of inflation cooling before cutting rates. The Dow Jones remains below the key 40,000 level that it breached yesterday. There is no high-impacting data today. Attention will remain on Fed speakers.

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    May 17, 2024 02:23 PM
    Currency exchange rate board of multiple currencies

    EUR/USD, AUD/USD outlook: Forex Friday - May 17, 2024

    Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, euro and Aussie, and look ahead to the next week.

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    USD/CNH, USD/JPY, AUD/USD: China’s spluttering economy weighs on Asian currencies

    China’s fledgling economic recovery suffered another setback in April with activity indicators mostly disappointing, especially regarding the beleaguered property sector. The news weighed on the Chinese yuan and other Asian currencies, such as the Japanese yen and Australian dollar.

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    May 17, 2024 05:48 AM
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