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Markets EUR/USD tested 1.0778 for a second straight session as disappointing French PMI surveys kicked off European dealings. The French composite PMI got stuck deeper in recession territory (47.3 from 48.6) while consensus expected a minor improvement compared to last month (48.9). With the French business surveys however, the worse (European) news was immediately digested. […]

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20/03/2024

USD: FOMC Meeting Takes Centre Stage

Today’s FOMC meeting is the highlight of the week, and Antje Praefcke, FX Analyst at Commerzbank, discusses the USD outlook ahead of the announcement. Praefcke believes there’s low risk of the Dollar declining post-meeting due to unlikely dovish surprises, especially after strong inflation readings. Instead, the Fed may emphasize caution and confirm market expectations, limiting […]
04/11/2024

XAU/USD Analysis: Gold Price Chart Displays Bearish Signals

Analysing the XAU/USD chart on October 18, we: → Established a long-term upward channel (indicated in blue); → Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel. Since then: → The gold price rose to the upper red line and the top of the blue […]
20/09/2024

Canadian GDP to Show Modest Growth in July But Below BoC Forecast

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