GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP
GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback? Read More
US Dollar (DXY) Struggles Continue as the Latest US Jobs Report (NFP) Nears
If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up, US NFPs. Read More
Swiss Franc Price Outlook: Banking Woes Support CHF Bid
The Swiss Franc has been one of the top performers against the dollar as its safe-haven allure provides shelter from the recent banking and economic uncertainty Read More
April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise
US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low. Read More
Cboe’s Global FX Revenue Rises 8% YoY in Q1
The net revenue from foreign exchange trading activities on Cboe Global Markets’ platforms increased by 8% year-over-year during first quarter 2023, the American exchange operator disclosed on Friday in its latest financial performance report. The increase came primarily as a result of higher net transaction fees, Cboe said.Cboe FX Hits Multiple Volume Records in Q1In the report, Cboe noted that […]
S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage
US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend. Read More
CME’s FX Link Grows 32% YoY, Spot FX Sees $52.9B in April
Total volumes of spot foreign exchange traded on Electronic Broking Services (EBS) reached $52.9 billion in April 2023, CME Group disclosed on Friday. EBS is the American derivatives exchange operator’s wholesale electronic trading platform for forex trading with market-making banks.FX Link Grows, Spot FX Slumps across RegionsFinance Magnates reports that trading activities in spot FX among institutional investors weakened last […]
Euro Fatiguing Heading Into an Inflation Filled Week?
EUR/USD looks to be prepping for a key technical breakout that could be catalyzed by upcoming US and German inflation data. Read More
British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap
The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key. Read More
Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears Persist
Oil prices recovered aggressively from multi-month lows as WTI closed the week above the $70 a barrel mark. Technicals hint at a deeper recovery but market sentiment remains fragile. Read More