Market Talk | Forex Information

EUR/USD in Downward Spiral after Support Break. What Do Technicals Say? May 31, 2023
EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.
Diego Colman
Gold Prices Recover After Support Rejection ahead of US Jobs Data. What Now? May 31, 2023
Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report
Diego Colman
Bitcoin (BTC/USD) Limps as Ripple (XRP/USD) Eyes Further Gains May 31, 2023
Bitcoin struggles as a lackluster month for crypto markets comes to a close, Ripple has been a standout of late, on course for a monthly gain of 8%. Where to for Ripple and Bitcoin as June begins?
Zain Vawda
Euro (EUR) Update – German Inflation Turns Lower, EUR/USD Back Below 1.0700 May 31, 2023
German inflation falls by more than expected, a bonus for the doves in the ECB. The single currency moved lower on the release as rate-hike expectations slipped lower.
Nick Cawley
GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP May 31, 2023
GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?
Zain Vawda
FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data May 31, 2023
Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.
IG
USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles May 31, 2023
CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance.
Warren Venketas
Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action May 31, 2023
Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook for the Hang Seng, ASX 200, and the FTSE Straits Times Index?
Manish Jaradi
Japanese Yen Gains on Intervention Warning as US Dollar Steadies May 31, 2023
The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?
Daniel McCarthy
Retreat in US Yields Supports Gold, But for How Long? XAU/USD, XAU/EUR Price Setups May 31, 2023
Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling. But is the short-term downtrend in the yellow metal over?
Manish Jaradi