Political surprises have become less surprising in the last few years, but New Zealand provided a new government that could change how NZD trades going forward.
Price has carved out a well-defined monthly opening range just below a multi-year trend-line. Here are the updated targets & invalidation levels that matter.
Gold prices may continue to recoup the losses from earlier this week as the precious metal snaps the recent series of lower highs & lows.
We are one week away from a pivotal ECB meeting in which we're expecting to hear how the bank will 'recalibrate' their current QE program. EUR/USD remains above a key zone of long-term support, but will bulls test the highs before the rate decision?
The British Pound slipped again after retail sales data for September illustrated how high inflation and low wage growth are crimping consumers' spending habits.
Crude has rallied nearly 6% off the monthly lows and while prices remain vulnerable near-term, the broader outlook remains constructive. Here are the levels to know.
Fresh comments from Fed officials appear to be weighing on gold prices as Chair Janet Yellen and Co. look to further normalize monetary policy over the coming months.
The U.S. Dollar continues to move towards a key zone of longer-term resistance. This area rebuked the Dollar's upward advance around NFP earlier in the month, but will it hold again?
The Euro may rise if a speech from ECB President Draghi emphasizes monetary stimulus limitations. The US Dollar is looking to the Fed Beige Book survey to fuel continued recovery.
Another batch of lackluster U.K. data prints may continue to rattle the near-term rebound in GBP/USD as it saps bets for higher interest rates.
Crude oil prices are poised to challenge six-month highs near the $53/bbl figure as markets await official EIA weekly inventory flow statistics.
The Canadian Dollar has found a new home as the weakest currency in the G8 SW report as Canada’s 2-year yield advantage to the US vanishes.
Price has rallied back to a familiar resistance zone with the immediate advance vulnerable while below this threshold. Here are the targets & invalidation levels to know.
The near-term recovery in crude appears to be sputtering ahead of September-high ($52.83), with oil prices at risk of facing range-bound conditions.
The UK and the EU continue to try and take the moral high ground with claims and counterclaims leaving Brexit negotiations idling.
The British Pound sold-off after this morning's inflation print saw a 3% number. But this sell-off probably has more to do with the commentary provided by the Bank of England.
Elsewhere, the US Dollar turns to Fed speakers in the coming days in lieu of significant economic data.
Gold prices are back on the defensive as Fed rate hike speculation heats up anew following last week’s respite. More of the same may be ahead, even without fresh catalysts.
The British Pound may rise as UK CPI data shows inflation continues to accelerate while testimony from BOE Governor Carney and two new MPC officials takes a hawkish tone.
Another 2.7% print for the core U.K. CPI may rattle the near-term advance in GBP/USD as it encourages the BoE to preserve the record-low interest rate throughout 2017.
The British Pound is falling once more as a lack of progress in the Brexit negotiations outweighs a likely tightening of UK monetary policy.
GBP/USD may continue to face near-term headwinds as the European Union Chief Negotiator for Brexit, Michel Barnier, warns the negations have ‘reached a state of deadlock.’
The U.S. Dollar has put in a bearish move since last week's NFP report, and we're seeing a bit of pullback ahead of tomorrow's CPI release. Will September inflation provide a backdrop for a continuation of bearish price action?
The DXY Index now is below its daily 21-EMA, suggesting that broadly, the bias has been neutralized; only selective long exposure is appropriate.
Gold prices rose for a fourth consecutive day as minutes from September’s FOMC meeting cooled rate hike speculation. September’s US PPI data might arrest the metal’s gains.