S&P 500: Risk, Market Depth and Volatility Into October as Financial Conditions Strain

We have brought to a close the month of September and in turn the third quarter of the year. Moving into the new week, month and quarter; sentiment will be particularly sensitive with the course of monetary policy tightening meeting a swell in recession risk. If any of sparks from financial stability catch, our course can worsen materially.

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EURUSD and S&P 500 Face Final Volatility from Top US and Eurozone Inflation Figures

We are heading into the final trading day of the week, month and quarter; and the markets are already experiencing significant volatility against a technically and fundamentally precarious backdrop. Will the top inflation figure from the US and Eurozone spur a last-minute volatility spike?

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Gold Prices Anxiously Await the Fed’s Preferred Inflation Gauge, Will XAU/USD Fall?

Gold prices anxiously await the Fed’s preferred inflation gauge, which could bolster hawkish 2023 policy expectations. This would likely damage XAU/USD.

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Crude Oil Price Recovery Takes Shape amid Failure to Test January Low

The price of oil may stage a larger recovery over the coming days as crude reverses ahead of the January low ($74.27).

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AUD/USD Eyes Chinese PMI Data as Prices Approach Recently Surrendered Channel

The Australian Dollar is in focus ahead of Chinese PMI data following a downbeat session on Wall Street. A beat on the data may help revive sentiment. The Reserve Bank of India is also in focus to close out the week.

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Gold Price Rebound Eyes Former Support Zone

The former-support zone around the July low ($1681) may act as resistance as the price of gold appears to be tracking the negative slope in the 50-Day SMA ($1726).

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Mexican Peso Outlook: USD/MXN Muted after Banxico Follows FOMC Hiking Pace

Banxico increases the benchmark interest rate by 75 basis points, bringing it to 9.25% and pledging to maintain a hawkish stance until inflation is on track to converge to the target.

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EURUSD Climbs Following Hot German Inflation Print – PCE to Follow Suit?

EURUSD pushes higher again as traders eye Friday’s US PCE report.

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S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable

The S&P 500 managed to end a six-day slide – its worst since the height of the 2020 pandemic – before the index marked another high profile technical break. Seemingly, all it took was a massive stimulus aimed at stabilizing a financial crisis in the UK. But is that the backdrop for a broader recovery?

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British Pound Bounces as BoE Buying Gilts Stems Havoc for Now. Where to for GBP/USD?

The British Pound is remains under siege despite the Bank of England rolling up their sleeves and buying long-dated bonds to mitigate monetary and fiscal policy disparity.

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USD/CAD Reveres from Fresh Yearly High Ahead of US PCE Report

An uptick in the US Personal Consumption Expenditure (PCE) Price Index may keep USD/CAD afloat as the Federal Reserve pursues a restrictive policy.

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Crude Oil Rallies with Gold Prices as Markets Entertain a Less Hawkish Fed After BoE QE

Crude oil prices rallied with gold and the S&P 500 after the Bank of England temporarily restarted quantitative easing. Markets eye a less-hawkish Fed. Are traders setting up for disappointment?

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US Dollar Pullback Green Lights APAC Currency Rally Ahead of NZD Economic Data

The New Zealand Dollar took advantage of a broader pullback in the US Dollar, outperforming its major peers, including the Australian Dollar. New Zealand economic data is on tap for today’s session.

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AUD/USD Rebound Pulls RSI Out of Oversold Territory

Developments in the Relative Strength Index (RSI) raises the scope for a near-term rebound in AUD/USD as the oscillator climbs out of oversold territory.

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S&P 500, Nasdaq 100 and Dow Surge in a Comeback Rally Amid BoE’s Rescue Plan

Major U.S. equity indices rallied as US Treasury yields and USD tumbled after the Bank of England announced an emergency plan to stabilize the bond market.

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Euro Punches Lower as US Dollar Drives Markets on No Intervention and Fed Hawks

The US Dollar is again off and running after a pause on Tuesday as the Fed states the case for higher rates ad the White House leaves markets to themselves. How low will EUR/USD go?

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S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’

Markets are still firmly seated in a ‘risk aversion’ trajectory, but the progress for that slide has ebbed – perhaps owing to the absence of a dominant fundamental event risk in the foreground. Meanwhile, the pressure from inflation, recession risks and the Dollar’s extreme pressure are unrelenting.

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Gold Price Action Echoes Bearish Behavior as APAC Markets Fall

Gold prices are down modestly as APAC markets sell-off. A lull in XAU volatility is unnervingly similar to price action seen over the last few months, setting gold prices up for a potential leg lower soon.

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Australian Dollar Scuppered as US Dollar Takes the Throne as King of Currency

The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south?The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south?

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USD/JPY Rate Approaches Yearly High Ahead of US PCE Report

Fresh data prints coming out of the US may prop up USD/JPY as the Personal Consumption Expenditure (PCE) Price Index is expected to show sticky inflation.

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Crude Oil Price Rebound Keeps RSI Out of Oversold Territory

The price of oil may stage a larger rebound over the coming days as long as the Relative Strength Index (RSI) holds above 30.

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Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’

The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.

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British Pound on Edge as BoE Does Little to Allay Concerns. Where to for GBP/USD?

The British Pound is under siege as the Bank of England signals no action for now despite fiscal and monetary policy disparity undermining them. Will make GBP/USD make new lows?

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EUR/USD to Face Record High Reading for Euro Area CPI

Fresh data prints coming out of the Euro Area may curb the recent decline in EUR/USD as inflation is expected to hit a record high.

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Dow Jones Sinks after Sterling Hit Record Low, KOSPI and Hang Seng Index at Risk Ahead

Dow Jones futures slumped as Sterling’s record low further boosted global monetary tightening expectations. The KOSPI and Hang Seng indices are at risk after Wall Street’s plunge.

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Chinese Yuan Faces Another Big Test as US Dollar Surge Goes Unchecked

The Chinese Yuan faces another big technical test as the US Dollar continues to cause havoc across the FX space. China’s industrial profits are in focus for today amid a commodity selloff.

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AUD/USD Selloff Pushes RSI Into Oversold Territory

AUD/USD may attempt to test the May 2020 low (0.6373) as the Relative Strength Index (RSI) pushes into oversold territory.

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OECD Interim Report Highlights Persistent Inflation and Higher Rates

The Organization for Economic Cooperation and Development (OECD) released its interim report flagging stubborn inflation, lower growth and higher rates

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Euro (EUR) Forecast – EUR/USD Slumps to a Fresh 20-Year Low, Ifo Warns of a Recession

‘A bleak mood hangs over Germany’ according to the latest Ifo business climate index with the economy expected to shrink in Q3.

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GBP Breaking News: Pound Slammed in Asian Session, Markets Look to BoE to Restore Creditability

GBP extended losses from last week in what has been an unusual spate of selling during the Asian session as markets mull over loose fiscal policy and GBP/USD tests 1.00.

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British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for GBP/USD?

The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything to save GBP/USD?

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Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

The Japanese Yen lost ground against the US Dollar to start the week as the market questions the ability of the Bank of Japan to hold down rates at the same time as supporting the Yen.

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Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today.

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Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

Volatility rippled through the financial system this past week with global indices tumbling and the Dollar’s rally amplified through counter-currency struggles. While conditions were still orderly through Friday, we may find financial stability at risk in the week ahead with the wrong prompts.

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GBP/USD Slide Continues, ’Mini Budget’ Gets a Distinctly Lukewarm Welcome

The British Pound continues to languish at levels not seen since the mid-1980s as inflation and growth worries continue to glower.

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Crude Oil Update: Central Bank Hikes Weigh on Brent Ahead of Baker Hughes

Brent crude oil continues to fall as fundamental headwinds gain traction.

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Gold Price Outlook – Struggling to Make Any Headway, Further Downside Beckons

US Treasury yields have risen further over the last week as markets price in higher interest rates for longer in the US. And that's not good news for gold.

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Australian Dollar Floored by Booming US Dollar as Rate Hikes Ricochet Through Markets?

The Australian Dollar has been hammered in the maelstrom running through markets this week as several central banks make their moves on interest rates. Will AUD/USD hit new lows?

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Japanese Yen Intervention Brings Most Volatile Day Since 2016, Where to for USD/JPY?

The Japanese Yen gained against the US Dollar as USD/JPY saw its most volatile day in over 6 years due to government intervention. What are key levels of support to watch ahead?

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Would a Louder Recession Signal Push the Dow Over the Ledge, Reverse the Dollar?

We have come through a flood of monetary policy from the Fed, BOE, BOJ and others. While the general trend is towards tightening, there is just as much disparity contributing to instability. The fallout I am most concerned over is an indeterminant recession. Our economic status is the primary fundamental focus Friday.

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US Dollar Rally Pauses as Japanese Yen Finds Respite: Asia-Pacific Outlook

Asia-Pacific markets face a risk-off day despite a US Dollar pullback driven mainly by Japanese Yen strength following an intervention in FX markets.

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S&P 500, Nasdaq, Dow Fall Amid Mounting Growth Concerns

U.S. equity indices continued to fall after the FOMC hiked interest rates yesterday and reaffirmed their commitment to bring inflation under control despite economic growth concerns

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USD/JPY Whipsaws Then Slumps on Official FX Intervention Reports

The Japanese Yen is whipping around in early trade against the US dollar as talk permeates the market of official currency intervention.

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Swiss National Bank Hikes by 75 Basis Points, EUR/CHF Pops Higher

The Swiss National Bank (SNB) raised interest rates by more than expected today and reiterated that rates could be raised further to ensure price stability.

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Japanese Yen Spikes Lower as the BOJ Holds Back FX Intervention Threat. Where to Next for USD/JPY?

The Japanese Yen spiked lower as the Bank of Japan stuck close to a familiar script with its monetary policy announcement, cooling worries about FX intervention.

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Will Dollar and Risk Assets Sift Through the Fed Decision to the Recession Warning?

The Federal Reserve pulled the trigger on a third consecutive, 75 basis point rate hike Wednesday afternoon. After considerable intraday volatility, the implications for high rates and economic troubled settled in for the Dollar and S&P 500. Will the coming wave of central bank updates emphasize the recession threat ahead?

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Gold Price Defends September Range as RSI Holds Above Oversold Zone

The price of gold may continue to defend the September range as the Relative Strength Index (RSI) appears to be reversing ahead of oversold territory.

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NZD/USD Trades at Critical Support as APAC Traders Prepare for Bank of Japan

The New Zealand Dollar is trading at a critical support level against the US Dollar after the FOMC decision. Asia-Pacific markets may fall as traders prepare for the Bank of Japan.

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SPX, Nasdaq, USD: Delayed Boom, 'Pain,' After September FOMC

It was a messy rate decision but the net response after the close of the presser is very clear.

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Fed Hikes Rates by 75 bp to Curb Inflation. What’s Next for Gold, USD & Bitcoin?

The Fed raised its benchmark rate by three-quarters of a percentage point to 3.00-3.25%, delivering the third straight 75 basis-point hike in an effort to curb strong inflationary pressures.

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Crude Oil Price Forecast: FOMC, Putin Speech, Inventory Data in Focus

The FOMC is in focus for crude oil traders as markets digest inventory data and prepare for a speech by Russian President Vladimir Putin.

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FOMC Decision Scenarios and Potential S&P 500, Dollar Impact

We are heading into a trading session principally defined by a heavily weighted event risk: the FOMC rate decision. Whether the central bank hikes 75 or 100 basis points matters for volatility, but the market’s course and tempo moving forward will depend heavily on the Fed’s forecasts and subsequent fundamental focus.

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USD/JPY Recovery Emerges Ahead of Federal Reserve Rate Decision

USD/JPY may continue to retrace the decline from the yearly high (144.99) as the Federal Reserve is expected to deliver another 75bp rate hike.

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Gold Prices Brace for the Federal Reserve, Will Chair Jerome Powell Damage XAU/USD?

Gold prices fell alongside the S&P 500 as the US Dollar outperformed. Traders are positioning themselves for the Federal Reserve. Will Chair Jerome Powell cause gold some damage?

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US Dollar Strength to Pressure Asia-Pacific Markets Ahead of Fed Decision

The US Dollar rose during New York trading as traders brace for the FOMC rate decision. That, along with expected rate hikes later this week from the SNB and BoE, will likely weigh on market sentiment.

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Euro Goes 1-on-1 with US Dollar as Markets Prep for Rate Hikes from Fed and Elsewhere

The Euro is equal to 1 US Dollar as markets strap in for an abundance of central bank action this week with the Fed being the headline act. Will a Fed hike sink EUR/USD?

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S&P 500 Volatility, Rising US Yields and Deepening Housing Recession Overshadowed by Fed Wait

There were a few market holidays to start this week, but the fundamental wheels have not stopped turning. With rate speculation and recession fears swelling, the only thing keeping volatility from turning into something bigger may be anticipation for Wednesday’s FOMC rate decision.

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Gold Prices Hinge on FOMC Decision as Speculators and ETF Traders Sour on XAU

Gold prices are little changed ahead of the Federal Reserve’s interest rate decision. Speculators and ETF traders are losing confidence in the XAU trade as global rates tighten. The BoE and SNB are also on tap.

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Australian Dollar Steady After RBA Meeting Minutes Ahead of Fed and BoJ

The Australian Dollar is caught up in the whirlwind of central bank actions this week as the RBA meeting minutes support higher domestic rates. Where to for AUD/USD?

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USD/CAD Struggles to Test November 2020 High Ahead of Canada CPI

The update to Canada’s Consumer Price Index (CPI) may keep USD/CAD afloat as inflation is expected to slow for the second month.

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Nasdaq 100 Manages to Climb Out of a Hole, Will the Nikkei 225 and ASX 200 Follow?

The Nasdaq 100 managed to climb out of a hole to finish in the green on Monday, possibly setting up the Nikkei 225 and ASX 200 for a rosy session. But, will their downside bias persist?

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Crude Oil Update: Supply & Demand Tug of War Continues for Brent, USD Bid

Brent crude oil opens lower ahead of FOMC expectations and weaker global demand.

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EURUSD Dips Below Parity with Dollar Index Leading the Way

Euro remains under pressure as ECB members call for further rate hikes could be in vain with the Fed meeting coming into focus.

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British Pound Forecast: GBP Trending Lower on UK Bank Holiday

GBP/USD looks to re-test last weeks lows ahead of a key central bank week.

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Gold Price Softens Ahead of a Busy Week with Fed, BoE, SNB and BoJ Meetings

The gold price slipped today as the US Dollar firmed ahead of several crucial central bank gatherings this week. If the Fed raise by 75 basis points, where will XAU/USD go?

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NIFTY 50 and KOSPI Technical Outlook: Is there more downside?

KOSPI’s downside is getting reaffirmed, while the NIFTY 50 is losing upward momentum. What are the key levels to watch in the short term?

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AUD/USD May Rebound as Chinese Lockdowns Ease Ahead of FOMC, BoJ

The Australian Dollar may rebound against the US Dollar this week as lockdowns in China ease, but the upcoming FOMC rate decision will likely dictate broader risk trends.

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Markets Week Ahead: Dow Jones, US Dollar, Gold, USD/JPY, GBP/USD, FOMC, BoJ, BoE, SNB

Global equity markets fell last week after a US CPI report boosted FOMC bets. A potentially volatile week lies ahead, with rate decisions from the Fed, BoJ, BoE and SNB due out.

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Global Equity Market Outlook: FOMC to Drive Market Sentiment in Week Ahead

Equity markets across the globe plunged last week as Fed rate hike bets drove recession fears. Market sentiment hinges on this week’s FOMC decision.

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Japanese Yen Forecast: USD/JPY at Pivotal Point Ahead of Fed, BoJ Rate Decision

USD/JPY volatility is likely to jump in the coming week in response to two high-impact events on the calendar: the monetary policy decision of the Fed and the Bank of Japan.

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Australian Dollar Outlook: Fed Knights US Dollar King of the World

The Australian Dollar remains hostage to the machinations of the US Dollar as the RBA and the Fed are on similar but slightly different paths. Will rate differentials hit AUD/USD?

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The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar.

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Gold Price Forecast Continues to Be Bearish

The same factors continue to drive gold lower, and with it looking to trade below major support it’s poised to continue falling.

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Oil Price Forecast: WTI at Major Support- Crude Break Could Fuel Collapse

Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart.

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S&P 500 and Dollar Could Be Rocked by More than a Big Fed Hike

While I would not argue with the sentiment that the top, singular scheduled event risk on deck for the coming week is the FOMC rate decision, the course of markets like the major indices and US Dollar will likely draw on something more deeply fundamental and visceral.

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British Pound Weekly Forecast: GBP/USD Could Slump to Multi-Decade Lows

GBP/USD is crumbling under the strength of the U.S. dollar as markets look forward to the upcoming BoE and Fed interest rate decisions

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US Dollar Grinds Higher as the Canadian Dollar Drops. Where to for USD/CAD?

The US Dollar held the high ground across the board today, supported by a lift in Treasury yields as markets eye off a jumbo hike from the Fed next week. Further peaks for USD/CAD?

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Crude Oil and Gold Prices Sink to Support as US Data Keeps a Hawkish Fed in Focus

Crude oil and gold prices fell sharply on Thursday as solid US economic data bolstered the case for a hawkish Fed. Heading into the weekend, traders are eyeing University of Michigan Sentiment.

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Gold Breaks Support, USDCNH Breaks Resistance but S&P 500 Circling Ahead of UofM

It will likely prove difficult to spur the S&P 500 or other distinctly 'risk' oriented benchmarks to a serious run until the Fed decides on whether to hike 100bps next week. Yet, that doesn't mean the market is relegated to quiet until then. Gold and USDCNH have broken key technical levels with data including UofM sentiment ahead.

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USD/CAD Rebound from 50-Day SMA to Clear September Opening Range

USD/CAD may push towards the November 2020 high (1.3371) as the exchange rate clears the opening range for September.

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Euro Forecast: EUR/USD Struggling, but EUR/GBP & EUR/JPY Retain Bullish Potential

The major EUR-crosses tell different stories.

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Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations

Spot gold is on the backfoot this morning ahead of U.S. retail sales data leaving XAU/USD trading below the key $1700 level.

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US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention

The US Dollar's robustness remains intact as the market recalibrates Fed rate hike expectations ahead of their meeting next week. Will data later today move get the USD rally going again?

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S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

Despite the extraordinary volatility - and risk aversion move - that immediately followed the US CPI release, there was little follow through to be found this past session. While we can still navigate into significant activity for risk asset and Dollar-based majors through the immediate future, the market's attention will be anchored on next week's FOMC decision.

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Gold Prices at Risk as FOMC Bets Firm Up. US Retail Sales May Trigger a Crash

Gold is at risk of crashing with prices below 1,700 as FOMC bets for a 100-basis point rate hike rise. XAU may crash if those bets increase further, with US retail sales providing a possible catalyst.

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Australian Dollar Chopped Up on Jobs Data as Market Eyes RBA Action. Will AUD/USD Rally?

The Australian Dollar eventually gained traction after jobs data revealed a healthy economy despite an uptick in the unemployment rate. Can AUD/USD continue higher?

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Crude Oil Price to Test 50-Day SMA on Break Above Monthly Opening Range

The price of oil may push towards the 50-Day SMA ($92.76) if it clears the opening range for September.

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Japanese Yen Gained After BoJ Hinted Intervention, What Could this Mean for USD/JPY?

The Japanese Yen gained on Wednesday as the Bank of Japan hinted at currency intervention. Will the BoJ keep policy loose in the interim? USD/JPY is eyeing a key trendline.

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How Will US Inflation Data Impact the September Fed Meeting?

Senior Strategists James Stanley and Christopher Vecchio, CFA discuss US inflation data and the September Federal Reserve rate decision.

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Gold Prices Eye US PPI Data. Is a Big Breakdown Afoot?

Gold prices are steady in Asia-Pacific trading after a sharp overnight drop following US CPI data. Prices are at the long-defended 1,700 level, but a big breakdown is on the cards if US producer prices surprise estimates.

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Despite S&P 500’s Worst Day in 2 Years, VIX Doesn’t Signal Capitulation

The unexpectedly robust US CPI reading this past session triggered the biggest plunge from the S&P 500 in over two years while the Dollar rallied right back towards its extreme highs. While the data was a surprise, this move speaks more to the market's bias. Further, VIX says the point of capitulation isn't close.

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ASX 200 Tanks on Tempestuous US CPI Punching Treasury Yields Higher

The ASX 200 has been hammered by a global risk-off storm sweeping markets in the aftermath of a higher than anticipated US CPI that has the Fed in jumbo hike mode.

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AUD/USD Approaches Monthly Low Ahead of Australia Employment Report

Data prints coming out of Australia may curb the recent decline in AUD/USD as job growth is expected to recover in August.

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Hang Seng Index May Fall After US CPI Beat Raised Odds of a More Aggressive Fed

Hang Seng Index futures slumped after US CPI data beat expectations and boosted odds of a more aggressive Fed. Hong Kong equities may extend their three-month-long downtrend.

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Bitcoin Prices Plummet against CPI-Charged USD as Asia-Pacific Traders Brace for Impact

Asia-Pacific markets are set to fall after Wall Street suffered heavy losses following a hotter-than-expected CPI report. Bitcoin prices may fall more against a strong Dollar as sentiment sours.

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S&P 500 and Nasdaq 100 Sink as High Inflation Bolsters Case for Hawkish Fed

U.S. stocks sold off violently on Tuesday after stronger-than-expected U.S. inflation data sent Treasury yields higher on bets that the Fed will have no choice but to keep raising rates forcefully.

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Dollar Reversal and S&P 500 Rally Amplify the Focus on Today’s US CPI Release

There is plenty of fundamental trouble under the market's surface, but you wouldn't know it from the S&P 500. The benchmark index has advanced four straight sessions - there are no 5-day moves since November - but VIX was also up on the day. With US CPI on tap, will this move and the Dollar's retreat from two-decade highs find sustainable fuel?

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Crude Oil Prices Retreat Ahead of Inventory Reports as China Virus Cases Stay High

Crude oil prices are retreating after rising on Monday. China's battle against Covid remains a bearish drag despite a breakdown in talks between Tehran and Washington. US inventory reports are in focus.

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Gold Price Gains on US Dollar Weakness Ahead of US CPI. Where to for XAU/USD?

Gold has inched higher in a period of US Dollar weakness as the market assesses the prospects of the Fed's rates path ahead of today's all-important US CPI. Higher XAU/USD?

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USD/JPY Susceptible to Larger Pullback as RSI Sell Signal Emerges

Recent developments in the RSI raises the scope for a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal.

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Dow Jones Propels Higher Before CPI, Nikkei 225 and Hang Seng Index May Follow

The Dow Jones soared ahead of the US CPI report, opening the door for the Nikkei 225 and Hang Seng Index to start Tuesday’s trading session on an upbeat.

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GBP/USD Still Pressured Despite Pullback As USD Markets Look To Fed

The pound has seen modest respite from historic lows as the market focuses on US inflation numbers and what they will mean for the Federal Reserve

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Debt to GDP Ratio by Country: State of Global Debt 2022

The COVID-19 pandemic led governments to spend massively in emergency support, forcing them to run big deficits that have resulted in historically and rising high debt.

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Euro Soars: Buoyed by Ukrainian Advance and the Mention of QT from the ECB

The euro surged higher on Monday, extending the recent bullish impetus after last weeks post-ECB low. Ukrainian counter offensive & mentions of QT support EUR for now

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Crude Oil Drops as Hawkish Fed and ECB Erode Growth Prospects. Where to for WTI?

Crude oil prices fell on Monday as tighter monetary policy lies ahead and geo-political woes continue to plague the outlook for energy while China lockdowns roll on. Can crude recover?

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Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs

This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing a multi-decade high. The expectations of historical averages will charge serious anticipation, but our current conditions can result in substantially different market developments.

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US Dollar Direction to Dictate Market Sentiment as APAC Markets Eye a Green Open

Asia-Pacific markets look set to trade higher to kick off the week after market sentiment brightened last week on a falling USD. China and central bank rate bets are in focus.

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Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs

This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing a multi-decade high. The expectations of historical averages will charge serious anticipation, but our current conditions can result in substantially different market developments.

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Chinese Yuan Weakens as Inflationary Metrics Soften, Will USD/CNH Resume Higher?

The Chinese Yuan weakened as China reported softer CPI and PPI data for August. This is opening the door to more economic stimulus. Will USD/CNH resume the broader uptrend?

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Crude Oil Price Outlook Mired by Failure to Defend August Low

Failure to defend the defend the August low ($85.73) may lead to a further decline in the price of oil as it extends the series of lower highs and lows from earlier this week.

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NZD/USD Eyes Potential Relief Rally but China CPI Data May Threaten APAC Sentiment

The New Zealand Dollar fell alongside its APAC peers during a volatile US trading session. A relief rally may be in the cards soon. APAC market sentiment may shift on China's CPI data to close out the week.

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EUR/USD Rebound Takes Shape amid Failure to Test December 2002 Low

EUR/USD appears to be reversing ahead of the December 2002 low (0.9859) as it preserves the series of higher highs and lows from earlier this week.

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S&P 500, Nasdaq, Dow Play Seesaw. Finish Higher

It was a grinding session in US stocks with a flurry of headlines in the morning as a Powell speech aligned with the European Central Bank’s largest rate hike.

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The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar.

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Crude Oil Prices May Fall as EIA Report Nears Amid China Lockdown Woes

Crude oil prices are staging a recovery in Asia-Pacific trading after a sharp drop on Wednesday amid broadening Chinese Covid lockdowns. US inventory data from the EIA is in focus.

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USD/JPY Rate Rally to Persist as RSI Holds in Overbought Territory

The overbought reading in the Relative Strength Index (RSI) likely to be accompanied by a further advance in USD/JPY like the price action from earlier this year.

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S&P 500, Nasdaq, Dow Rally, Snapping Several Days of Losses

U.S. equity indices surge on Wednesday, ending a long streak of losses triggered by economic slowdown worries.

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Beige Book Confirms Economic Slowdown and Persistent Inflation

Beige Book Confirms Economic Slowdown and Persistent Inflation

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Bitcoin Breaks Below Another Big Zone of Support – What Next for BTC?

Bitcoin prices have fallen below critical support that held as resistance in 2017. A break of the bear flag combined with a retest of the June low brings additional levels into play.

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Euro Forecast: Can the ECB Stop the Slide? Setups for EUR/GBP, EUR/JPY, EUR/USD

All eyes are on the European Central Bank rate decision on Thursday.

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Forex Trading Journal: A How-To and other Forex Trading Tips

Log your trades and refine your strategies based on learning from previous experiences.

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Japanese Yen Crumbles Under the Weight of a Robust US Dollar. New Peaks for USD/JPY?

The Japanese Yen made historic lows today as the US Dollar was boosted by Treasury yields marching ever higher, undermining equities and commodities. Where will USD/JPY go next?

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Gold Prices Under Pressure as Traders Eye Fedspeak Ahead of FOMC Blackout

Gold prices are moving lower as the US Dollar and Treasury yields rise amid firm Fed rate hike bets. Traders have commentary from Fed Chair Powell and Vice Chair Brainard in focus as the FOMC black...

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US Dollar Surge Threatens APAC Trading as China Lockdowns Weigh on Risk Assets

The US Dollar surged after US economic data bolstered rate hike bets, sending stocks lower and Treasury yields higher. Traders have Australian GDP data and China's trade balance in focus.

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Growth Versus Value Stocks: How Interest Rates Affect Valuations

Growth and value stocks have different sensitivity to monetary policy, but growth companies tend to underperform when interest rates rise due to their long duration cash flows.

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Japanese Yen Forecast: USD/JPY Rallies to Fresh Highs as Yields Surge

USD/JPY Upside Picking Up Fresh Momentum

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Crude Oil Update: OPEC+ Output Cut Signals Price Floor Intentions, Brent Unchanged for Now

Brent crude oil could be heading lower despite efforts from OPEC+ to limit supply, as a global recession will hamper demand.

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Australian Dollar Struggles After 50bps RBA Rate Hike, Stock Markets Eyed

The Australian Dollar struggled as the RBA issued a 50bps interest rate hike, as expected. Traders may now look to global stock market sentiment for a directional lead.

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Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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US Dollar (DXY) Rally – The Cleanest Shirt in the Dirty Laundry Basket

The greenback continues to print fresh two-decade highs, helped by ongoing weakness in the Euro and the British Pound.

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AUD/USD Forecast: Aussie Dollar Fades as Headwinds Intensify Ahead of RBA Rate Decision

AUD/USD begins the trading week lower as economic data and a stronger USD weighs on the Aussie dollar, while attention now shifts to tomorrow’s RBA rate announcement.

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The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

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How To Use Twitter For Traders

How can traders use Twitter as an efficient trading tool.

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Contractionary Monetary Policy: What is it and How Does it Work?

Contractionary monetary policy is utilized by central banks to reign in an overheating economy and surging inflation. Find out what tools are used and how they work

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Weekly Fundamental Crude Oil Price Forecast: Volatility to Remain

Net-long positioning in the oil futures market remains near its yearly low, and its lowest level since August 2016.

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Markets Week Ahead: Dow Jones, US Dollar, EUR/USD, USD/CAD, AUD/USD, Gold, ECB, BOC, RBA

Global equity markets tumbled last week, sending risk assets and gold prices lower. Central bank event risks fill the docket for the week, offering traders volatility.

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S&P 500, Nasdaq 100 Forecast for Week Ahead: Path Higher Difficult but Possible

The S&P 500 and Nasdaq 100 may find some support in the fact that the US economy remains resilient and that inflationary pressures are beginning to ease more quickly than initially expected.

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USD/CAD Rate Outlook Hinges on BoC Interest Rate Decision

The Bank of Canada (BoC) interest rate decision may keep USD/CAD afloat as the central bank is expected to adjust its approach in combating inflation.

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Euro ( EUR) Forecast – The ECB Needs to Ramp Up Interest Rates and Fast

The European Central Bank needs to hike interest rates by 75 basis points at next week's meeting and confirm that it will continue to tighten monetary policy to throttle back runaway inflation.

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Gold Prices Set to Move Higher in the Week Ahead After NFP Data Cools FOMC Bets

Gold prices fell last week but managed to trim losses on Friday after the US jobs report cooled FOMC rate hike bets, pushing Treasury yields lower. A light economic docket may extend XAU's Friday g...

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The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar.

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USD Weekly Forecast: Solid Jobs Report Supportive of U.S. Dollar and 75bps Rate Hike

USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday.

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Bitcoin & Ethereum Forecast for the Week Ahead

Bitcoin struggles to gain topside traction. Ethereum is vulnerable to a Merge buy the rumour, sell the fact

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Australian Dollar Outlook: Data is Mixed but Lead Looks Ominous

The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD?

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How Record Inflation Will Impact the US Midterm Elections

Americans are deeply unhappy with the state of the US economy ahead of midterm elections.

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Durable Goods Orders: What are They and How Do They Affect Financial Markets?

Durable goods orders have an important place in the context of global financial markets and can be used as a gauge of economic health that impact several asset classes.

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S&P 500 Holds the Bounce as Headwinds Grow Ahead of Non-Farm Payrolls Today

The S&P 500 has managed to maintain the rally off yesterday's low, but broadening risks appear to be building with Fed hawkishness and persistent China woes dampening the outlook.

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Gold Prices Take a Beating, but More Damage Might Come from the US Jobs Report

Gold prices sank ahead of a hotly anticipated US non-farm payrolls report. Further indications of a tight labor market will likely not bode well for gold if the US Dollar keeps rallying.

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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Japanese Yen Stumbles Against US Dollar as Japan Faces Higher Steel Prices

USD/JPY hit a fresh multi-decade high as the US Dollar surged despite a revival in US stock prices. Japan is facing higher steel prices that threaten to add more drag to its economic recovery.

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Gold Price Weakness Pushes RSI Towards Oversold Territory

A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the price of gold like the price action seen in July.

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