Technical Analysis

Rising inventories and a recovery in the US dollar are driving the latest bout of weakness in WTI and Brent crude oil prices.

GBPUSD Forecast: doves add new lows to the GBPUSD pair as the British Pound Currency Index holds at a 6-month support zone

GBPUSD Analysis: Growth indicators soar, inflation stays on course, and eyes are on the upcoming BOE decisions.

The risks for GBP/USD are tilted toward a topside breakout and continuation toward 1.2700 if the BOE and UK GDP play along.

Crude Oil price forecasts lean towards bullish sentiment as volatility drops towards decade lows. Is this the calm before the storm?

The Dow Jones, S&P 500, and Nasdaq 100 all recaptured key technical levels, carrying a bullish bias to the coming week.

NFP results drop, ISM PMI Services coming up

WTI Crude Oil prices are on edge as anticipation mounts ahead of June's pivotal OPEC meeting

AUD/USD is charging higher, powered by a hotter-than-expected Australian March quarter consumer price inflation report that has seriously dented the case for rate cuts from the Reserve Bank of Australia this year.

GBP/USD remains in “sell rallies” mode, so bullish readers will want to be nimble against a broader backdrop that favors more downside from here.

The inverse relationship between bond yields and US dollar with the gold price has broken down in 2024, meaning technicals and inflation expectations are arguably a more important driver right now.

A breakout from Bitcoin’s recent $61K-$73K range is inevitable – see the key levels to watch from here below!

Big, ugly and unusual given the escalation in geopolitical tensions in the Middle East. You can see why traders are questioning whether the big reversal in gold last Friday may signal we’ve seen a near-term top after a rollicking start to 2024.

With most major events scheduled outside the continent, EUR/USD direction looks set to be dictated by external influences next week. Preference is to sell rallies given the technical breakdown on Friday.

Gold and silver are doing exactly what you’d expect after breaking long-running resistance. And that's before you consider fundamentals such as geopolitics, central bank purchases, limited mine development, rising inflation expectations and troubling fiscal outlooks from some of the world’s largest economies.

The US dollar is sitting in the middle of its 3-month range with leading indicators pointing toward slightly above expectation reading in this month’s NFP report, with headline job growth in the 200K-250K range.

GBP/USD has bounced off key technical support at its rising trend line and 200-day MA in the mid-1.2500s, hinting at a potential retest of 1.2700 pending Friday’s NFP report...