Gold Price Update: Pullback in Question Ahead of US PCE Data
Gold prices take a breather after having risen sharply in response to a weaker dollar and softer US yields after Fed Governor Waller provided a timeline for rate cuts. PCE Next
Euro Area Inflation Falls Sharply, EUR/USD Slips on Heightened ECB Rate Cuts Expectations
Price pressures in the Euro Area are dropping sharply and this may give the ECB further flexibility to cut interest rates earlier next year.
Dow, Nasdaq 100 and Nikkei 225 Look for Further Gains
Indices remain in strong form on the final day of November, and are looking to extend their recent gains into December.
GBP Price Forecast: Pound Being Dictated to by US Economy
Pound prices have climbed steadily on the back of the USD selloff and will continue to be influenced by the US later today via the US core PCE price index report.
Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl
Oil prices continue to advance as news filtered through regarding the possibility of additional cuts by OPEC+ at tomorrow’s meeting. News remains murky but market participants are running with it. Can an OPEC+ cut push WTI back above the $80 mark?
US Dollar on Bearish Path – Technical Setups on USD/JPY, USD/CAD, AUD/USD
This article examines the technical outlook for USD/JPY, USD/CAD and AUD/USD, analyzing critical price levels that could act as support or resistance in the upcoming trading sessions.
US Q3 GDP Revised Up To 5.2% as Gold Remains Unfazed, DXY Bounces
An upward revision to the Q3 GDP from the US failed to spark life into the US Dollar while Gold prices hold firm. Can the US Dollar stage a recovery before the end of 2023?
EU Breaking News: German Inflation Drops as Disinflationary Trend Continues
Disinflation in Europe is ramping up as price pressures appear to be rising at a slower rate in the month of November according to preliminary data
British Pound Latest: GBP/USD Consolidates After Latest Surge Higher
Ongoing US dollar weakness has allowed cable to push higher over the last month and with future rate expectations widening between the two currencies, the move may have more to go.
While the FTSE 100 and Russell 2000 Struggle, the DAX 40 Ploughs Ahead
Outlook on FTSE 100, DAX 40 and Russell 2000 amid quiet trading in low volatility.