Saturday, 30 September 2023

Crude Oil Q4 Technical Forecast: How High Can it Go?

Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside

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Friday, 29 September 2023

S&P 500 Futures Largely Unchanged as the Fed’s Preferred Gauge of Inflation Cools to 3.9%

US Fed Policymakers will no doubt breathe a sigh of relief as Core PCE data cooled in August. Short-term US interest rate futures barely moved however, as market participants still see the rate hiking cycle as done.

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Gold Prices Bounce Likely Short-Lived As US Rates, China Import Move Both Weigh

Gold prices have staged a modest pullback after falling below their 200-day moving average

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​​​Nikkei 225, FTSE 100 and S&P 500 Try to Recover Into Month End​​​

​​Outlook on Nikkei 225, FTSE 100 and S&P 500 as the oil price, US yields and greenback retreat from their lofty heights.

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GBP/USD Price Forecast: Pound Rallies on Positive UK GDP Report

GBP prices strengthened against the USD on the back of UK GDP numbers as well as dovish Fed talk which left the US dollar trading lower this morning.

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Thursday, 28 September 2023

Japanese Yen Forecast: USD/JPY Pauses after Breakout as FX Intervention Risks Grow

USD/JPY halts its advance, but clings to 11-month highs ahead of Friday's key U.S. personal consumption expenditures data that may set the tone for the U.S. dollar in the near term.

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EUR/USD Gets a Reprieve with the Dollar on Offer Today

EURO Bulls spur on recovery attempt ahead of key risk events tomorrow which could send EURUSD back toward the YTD low. Will the move prove sustainable?

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XAU/USD Price Forecast: Where’s the Bottom for Gold?

Gold prices slip to multi-month lows as the US dollar grows in stature. Daily XAU/USD chart exhibiting bearish signals including death cross and triangle support breakout.

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US Crude Prices Close In On $100 As Markets Fret Tighter Supply

The prospect of lengthy production cuts trump any question marks over near-term demand to power prices higher.

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GBP/USD Price Forecast: Susceptible Pound Looks for Reprieve

GBP prices stay depressed as markets look towards US GDP and Fed speak for guidance.

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Wednesday, 27 September 2023

Asia Day Ahead: Nikkei at Near-Term Support, Brent Crude Eyeing September High

Wall Street managed to stabilise overnight from its recent sell-off, despite another climb in Treasury yields and a pull-ahead in the US dollar.

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USD/CAD Price Forecast: Loonie at Pivotal Point

USD/CAD try push higher but crude oil prices are limiting USD upside.

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EUR/USD Price Forecast: Euro Bears Keenly Eye 1.05

EUR/USD slumped to its lowest levels since mid-March after more aggressive monetary policy statements from the Fed’s Kashkari and dwindling German consumer confidence.

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GBPUSD Slips Again As UK Rate Outlook Hangs Heavy On Sterling

The Pound is headed for a terrible month against the Dollar as an uncertain out look for both interest rates and the UK economy work against it

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FTSE 100, DAX and S&P 500 Try to Stabilize After Rout

Outlook on FTSE 100, DAX 40 and S&P 500 as the ‘rates higher for longer’ scenario continues to weigh on stocks.

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Tuesday, 26 September 2023

S&P 500 & Dow Fall Below Key Support; Potential H&S in Nasdaq

The rally in US indices appears to be cracking – the S&P 500 and the Dow Jones Industrial Average (DJIA) have broken below key support, while the Nasdaq 100 index looks vulnerable amid a potential bearish formation.

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Asia Day Ahead: AUD/USD Stuck in a Range, Silver Eyes retest of Trendline Support

Elevated Treasury yields, higher oil prices and a gridlock in the US government funding bill serve as prevailing risks for markets to digest.

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GBP/USD Price Forecast: Pound Collapses Below 1.22

GBP prices dropped to multi-month lows this Tuesday as US bond market moves supported USD upside.

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EUR/USD Gets Some Respite, But Fed Speakers Add to Pressure

The Euro has fallen for 10 straight weeks as the Prospect of Higher, Longer US borrowing costs puts the Dollar way out in front

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Dow, Nasdaq 100 and Nikkei 225 turn lower

Indices have come under fresh pressure today, as the rise in yields continues to hit stocks.

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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...