Tuesday, 21 September 2021

Australian Dollar Forecast: Evergrande, PBOC, Risk Trends, BoJ on the Radar

AUD/USD fell overnight as traders failed to buy Wall Street's dip on Tuesday. Investors are eying Chinese markets and the PBOC to gauge Evergrande risks. The Bank of Japan rate decision is on deck.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; September Fed Meeting Preview

Markets are expecting a hawkish FOMC when the September Fed meeting concludes on Wednesday.

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Market Intelligence

Bloomberg's Larry Tabb on the recent surge in retail investing activity, speculative trading and the one thing most misunderstood about the markets.

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Nasdaq Ekes Out Small Gain As Focus Turns to FOMC, Uber Flies On Bullish Guidance

Nasdaq 100 recovers, but market caution ahead of the FOMC monetary policy decision caps its gains. Elsewhere, Uber rises more than 11% on upgraded quarterly guidance.

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Oil Price Forecast: WTI Crude Oil Prices Test Support – Key Levels to Watch

Oil and gas prices remain under pressure as supply constraints, interest rate decisions and rising inflation weigh on the energy sector.

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China Market Watch: PBoC Action In Focus. Will Beijing Calm Market Nerves?

Watch PBoC action for possible signal of Beijing's support

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Pre-FOMC US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY

Tomorrow brings the Fed for a highly-anticipated rate decision. Will the FOMC announce taper, or will they punt to the November rate decision?

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Copper Price Forecast: Evergrande Contagion Infects Charts

Copper prices are quickly heading back towards their August low – and perhaps lower.

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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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USD/CAD Struggles to Test August High Ahead of FOMC Rate Decision

USD/CAD may consolidate ahead of the Federal Reserve interest rate decision as the exchange rate struggles to test the August high (1.2949).

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Japanese Yen Outlook: JPY Poised for Breakout Ahead of BoJ Rate Decision

The tumbling USD/JPY may continue leading up to the Bank of Japan (BoJ) and FOMC rate decisions tomorrow as the Japanese Yen piggy backs off global risk aversion.

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Market Sentiment Webinar: Will Wall Street Rally After Evergrande Setback?

Trader confidence has suffered from fears that China’s Evergrande is on the brink of default. The question now is whether confidence will return or whether there is more selling to come.

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EUR/USD Setup: Keeping Steady Within Range Ahead of FOMC

Focus turns to FOMC meeting as Powell aims to downplay rate hike expectations

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Australian Dollar Shorts at a Record, NZD Bulls at Extreme Levels – COT Report

AUD shorts at a record high, while NZD bulls rise to stretched levels. GBP flips net-long, but beware of BoE disappointment

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Gold Price (XAU/USD) Outlook: Any Break Higher May Be Fleeting

Gold is probing an old support level ahead of the latest FOMC rate decision and with the USD already well bid, any disappointment may give the precious metal a short-term boost.

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British Pound (GBP) Price Outlook: GBP/USD Ready to Bounce Back

GBP/USD looks to be recovering after its bout of weakness over the past week and even if there were any more losses they would likely halt at support around the 1.36 level.

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Canadian Dollar Jumps On Trudeau Election Win, Risk Appetite Reprieve. Will USD/CAD Go Lower?

The Canadian Dollar rose on election results delivering political certainty and on commodity markets steadying ahead of the FOMC rate decision. Where to for USD/CAD?

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Monday, 20 September 2021

Gold, Iron Ore Forecast: Prices Hinge on FOMC, Evergrande Crisis, China Steelmaking Curbs

Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs.

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Bank of Japan (BoJ) Preview: Monetary Policy to Hold Steady

The Bank of Japan is set to hold a monetary meeting across 21 – 22 September 2021, as markets have their eyes on Japan’s ruling party leadership race.

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AUD/USD Eyes RBA Minutes, FOMC After Systemic Risks out of China Weighs on Sentiment

The Australian Dollar fell overnight alongside US stocks as traders gauged systemic risks from China's indebted Evergrande Group. RBA minutes are in focus as the highly-anticipated FOMC decision lo...

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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...