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This is despite the “correction” in the stock market, which made a slight dent in the middle of the range but created no lasting damage, or resultant rise, or fall, of note.The tussle between buyers and sellers is becoming a stalemate. There are signs that all this may be about

In the meantime, Baker Hughes reported the rig count had increased by 5 and amounted to 1,013 in the US last week. The situation was quite the same the previous week, which is a good driver for the sellers. Still, the investors have not yet turned to these data.The OPEC+

USD/CAD extends the bullish sequence from earlier this week, with the pair at risk for a larger advance as updates to Canada’s Consumer Price Index (CPI) does little to boost bets for another Bank of Canada (BoC) rate-hike in 2018. The loonie is selling off against the US dollar, the

GoldThe gold market witnessed a lot of price action in the past week because of the geopolitical concerns involving countries like the United States, China and Syria. The market on Friday cooled a bit down as gold prices reached down towards the $1330 level which is one of its support

The DAX index continues to trade near the highs of its range but as we had mentioned in our forecast on Friday and over the weekend, there has been a bit of a correction so far as the US stock indices fell hard on Friday and the effects of that

Natural gas futures are posting a two-sided trade early Monday with a slight bias to the downside as traders continue to try to figure out how to play the weather and the delay in the start of the injection season.At 0845 GMT, June Natural Gas futures are trading $2.764, down

Gold futures hit their lowest level since April 9 early Monday as investors continued to dump the dollar-denominated asset in reaction to a stronger dollar, rising U.S. interest rates and expectations for further rate hikes later this year.At 0808, June Comex Gold futures are trading $1333.30, down $5.00 or -0.38%.The

GBPUSD pair has been on a steady downtrend movement for nearly two weeks now and is currently seeing its largest weekly slide in over two months. The past week was especially disastrous to the pair as additional to weak economic data, dovish comments from BOE governor Carney caused GBP to

USD gained uptrend momentum across the week closing on bullish note influenced by combination of US higher T-yields and softer data coming from rival economies. The EUR/USD moved around 1.2400 range mid-week and ended up at 1.2287 due to slow economic movement and softer inflation readings. This has caused many

The Yen, Euro, and Pound remain within their weaker boundaries versus the U.S Dollar. EUR/USD: Euro Hit by Lackluster Inflation ResultsThe Euro is trading beneath the 1.23 level after weakening versus the U.S Dollar. Inflation data from the European Union remains muted, and Germany has been turning in rather disappointing economic

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are under pressure early Monday as another rise in the U.S. rig count likely means American production will continue to increase, dampening OPEC-led attempts to trim supply and stabilize prices.At 0716 GMT, June WTI crude oil futures are trading $68.14,

Bitcoin Cash Leads the wayBitcoin Cash gained 3.04% on Sunday, following on from Saturday’s 2.51% rise, to end the day at $1,189.5, its highest finish since the 7th March’s $1,203.9 close.The gains through the weekend saw Bitcoin Cash rally 52.3% for the week, Monday through Sunday, the rally coming off

We had mentioned in our forecast on Friday that we would not be surprised if the prices of BTC shot higher and traded in the $8800 region on Monday and thats where we areas of this writing. There is a bit of correction and consolidation going on at the moment

The Dollar/Yen rose to its highest level since February 21 last week as investors responded to an easing of tensions over geopolitical events and rapidly rising U.S. Treasury yields.The USD/JPY settled at 107.623, up 0.290 or +0.27%.A widening of the spread between U.S. Government Bonds and Japanese Government Bonds (JGBs)

The Australian and New Zealand Dollars posted a wicked two-sided trade, first driven higher by rapidly rising commodity prices then plunging in reaction to increasing U.S. interest rates, weaker than expected economic data from China, a drop in Chinese stocks and worries over trade tensions between the U.S. and China.The

Natural gas futures finished nearly flat last week, highlighted by a sharp break on Thursday and an even greater rally on Friday. Fundamental traders are having a difficult time trying to forecast near-term demand because of the erratic weather pattern in the United States. The U.S. is currently showing heating

Gold prices finished the week lower as the dollar advanced to a two-week high on expectations of higher interest rates and as geopolitical tensions eased over North Korea, Syria and the potential trade war between China and the United States.June Comex Gold futures settled at $1338.30, down $9.60 or -0.71%.The

U.S. West Texas Intermediate and international-benchmark Brent crude oil spiked to levels not seen since late 2014 early last week before retreating in response to profit-taking fueled by a stronger U.S. Dollar and negative comments from President Trump on Friday. Nonetheless, the market still managed to post solid gains for

The major U.S. stock index futures settled higher last week with most of the gains coming during the early part of the week. The rally helped the S&P 500 Index reach unchanged for the year. It also helped the Dow come closer to break even while the NASDAQ added to

The USDCAD pair finished the week in a strong manner after having spent the first half of the week and the week before, under a lot of pressure. The pair had come under pressure due to the strength of the CAD which had grown due to the increase in the