Today, the spotlight shines on the EUR/USD pair as it takes a plunge, breaching the 1.0800 mark on Friday. The downturn has been triggered by the release of US Nonfarm Payrolls data, which exceeded...
Middle East Fears Keep Oil At Highs - NFP Next
Crude In DemandCrude prices on track to end the week at their highest level since mid-2023. Fears of escalating violence in the Middle East, an improving China demand outlook and Fed easing...
Aussie Inverse H&S On Watch
Aussie on The UpThe Australian Dollar is tearing higher against USD today as the weakness in the greenback continues to drive movements across FX markets. With traders now leaning into the prospect of...
Copper Rallies on China Factory Boost & Weak USD
Better China Data Boosts CopperCopper prices have broken out to their highest levels since January 2023 this week. There are a few factors at play here but the two main bullish drivers to focus on are...
USD Retreats as Weak US Services PMI Turns Tables for EUR and GBP
EUR/USD is staging a rebound, reclaiming ground above 1.0850 on Thursday, buoyed by the release of lower-than-anticipated ISM Services PMI figures from the US.The decline in Prices Paid, dropping from...
Dollar Slump Deepens as Traders Await NFP Tomorrow
Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen...
Inflation in the Eurozone seems to be taking a breather, according to the latest figures released by Eurostat. The Harmonized Index of Consumer Prices (HICP) for March revealed a 2.4% rise...
Silver Hits 24-Month Highs on Dovish Fed Comments
Silver Breaking OutSilver prices are surging higher today with the futures market breaking out to its highest level since March 2022. Dovish comments from Fed’s Mester yesterday helped fuel a more...
What's Driving The Push Higher in Crude?
Crude at HighsOil prices are back in the spotlight this week with crude futures having broken out to fresh YTD highs yesterday. Heightened geo-political risks linked to escalating conflict in the...
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