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FX Weekly Recap: June 26 – 30, 2023
Traders balanced a really heavy economic calendar, with global inflation figures and central bank rhetoric taking focus in the front half of the week, while U.S. updates sparked quick bouts of heavy volatility throughout.
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USD/MXN ascends amidst US soft PCE data, Mexican job losses
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USD/MXN holds steady near 17.1200 as easing US inflation slows US Dollar’s climb, despite concerning…
Silver (XAG/USD) Price Forecast: Silver Selling Meets Support
Silver (XAG/USD) Technical AnalysisThe rise in the dollar caps silver upside potential after Powell’s hawkish commentsSilver has broken beneath the ascending channel – now what?Daily chart reveals pennant-like consolidation just above the…
FX Play of the Day Recaps: June 26 – 29, 2023
It was a bit of a challenging week for our FX strategies as top tier catalysts brought on choppy conditions in the latter half of the week, with most markets closing not too far from where they started.
USD/CAD: Monday – June 26, 2023…
Fails at 0.9000, dips below key support levels amidst fading selling pressure
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USD/CHF drops below key 0.90 level, extending losses as sellers eye a test of the 0.8900 mark.…
FTSE 100, DAX 40, and S&P 500 try to end month and quarter on a high
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Prices, Analysis, and Charts
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FTSE 100 to open higherThe FTSE 100 continues to…
AUD/USD: On the eve of the RBA meeting – Analytics & Forecasts – 30 June 2023
The Australian dollar strengthened sharply, while the AUD/USD pair rose after the RBA meeting ended at the beginning of the month, at which the bank's leaders unexpectedly raised the interest rate by 25 basis points to 4.10%.…
GBP/USD rebounds to 1.2700 as PCE eases in the US
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GBP/USD recovered lost ground on the last day of the week, month, and quarter, rising more than…
US Dollar Slides as Fed’s Favorite Inflation Gauge Comes Below Expectations
PCE REPORT KEY POINTS:May U.S. consumer spending rises 0.1% m-o-m, one-tenth of a percent below expectationsCore PCE climbs 0.3% monthly, bringing the annual rate to 4.6% from 4.7%, also below estimatesU.S. dollar extends losses following…
Natural Gas edges down as European stockpiles near capacity
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Natural Gas price trades flat-to-lower on Friday as supply concerns ease because of…