Monday, 31 October 2022

The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up

The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed's Wednesday rate decision as markets try to see what's around the next corner.

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XAU/USD Faces Renewed Selling Pressure as FOMC Beckons

Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?

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Euro Breaking News: Stagflation Recurs With Contracting EZ GDP & Record Core CPI

EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB.

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The Russell 2000 Index Explained for Traders

Read our article to learn more about the Russell 2000 Index

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AUD/USD Forecast: Aussie Inflationary Landscape A Cause for Concern

The Australian dollar is trading marginally stronger this morning after solid retails sales numbers complicate the RBA’s rate decision tomorrow.

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Sunday, 30 October 2022

Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions

Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?

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Japanese Yen in Flux on Data and the Chinese Yuan Battles Soft Sentiment

The Japanese Yen edged lower against the US Dollar on mixed retail sales and industrial production data while Chinese PMI disappointed. Will a higher USD/JPY lift USD/CNY?

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AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind

The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufacturing PMI data could set the tone for the Australian Dollar.

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE

Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar and British Pound are eyeing the Fed, RBA and BoE, respectively. What else is due?

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S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment

This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard.

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Saturday, 29 October 2022

Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock

Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential.

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EUR/USD Rate Outlook Hinges on Fed Rate Decision

EUR/USD may struggle to retain the advance from the monthly low (0.9632) as the Federal Reserve is expected to implement another 75bp rate hike.

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Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

Gold prices could recover in the near term if the Federal Reserve embraces a less hawkish posture and signals that it will raises rates less forcefully in the future amid growing economic risks.

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US Dollar Forecast: Another Fed Jumbo Hike in Focus as Markets Bet on Policy Moderation

The US Dollar faces another 75-basis point rate hike from the Federal Reserve in the week ahead. Lately, more attention has been placed on a moderating central bank. Will NFPs support that?

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Friday, 28 October 2022

Bitcoin Price Outlook: BTC, ETH, Dogecoin Upside Face Risky Week Ahead

With the Fed, Bank of England (BoE) and NFP on the economic agenda, can Bitcoin, Ethereum and Dogecoin maintain bullish momentum?

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Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has found higher ground over the past week on a strong CPI read and a weaker US Dollar while the RBA rate decision lies ahead. Will it boost AUD/USD?

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FX Week Ahead - Top 5 Events: BOE, Fed, RBA, Rate Decisions; Canada Jobs Report; US NFP

The first week of November is all about central banks.

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Gold and Silver Technical Forecasts: Gold Eyes Trend Reversal as Silver Momentum Stalls. Where to for XAU, XAG?

Gold and silver prices fell on Friday, spoiling early-week gains. Gold is eyeing a breakout above resistance from a Double Bottom pattern. Silver failed to clear a key SMA as RSI fell below 50.

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Thursday, 27 October 2022

Japanese Yen Awaits Kuroda, Intervention Threat, Key US Inflation Data After Dovish BoJ

The Japanese Yen marked time after a still dovish Bank of Japan. USD/JPY is now eyeing Governor Kuroda’s speech and the Fed’s preferred inflation gauge before the weekend.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...