Thursday, 13 January 2022

GBP Q1 2022 Fundamental Forecast: Additional Bank of England Rate Hikes are on The Way

The Bank of England (BoE) started the cycle of tightening monetary policy by hiking the UK Base Rate by 15 basis points to 0.25%, the first-rate hike in over three years, at the last Monetary Polic...

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Wednesday, 12 January 2022

Crude Oil Surges as US Dollar Wilts Under CPI Burden. Where to Next for WTI?

WTI crude oil made a 2-month high on the back of a soft US Dollar post CPI, and favourable inventory data. Will WTI crack through waiting resistance levels?

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Euro Forecast: EUR/USD Greenlighted on ECB Rate Hike Bets, Rising EU Bond Yields

The Euro rose from rising ECB rate hike bets on the back of a hot EU inflation report last week. That helped EUR/USD pierce confluent resistance overnight, aided by rising European yields.

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Gold Price Leaps as the US Dollar Crumbles After US CPI. Where to for XAU/USD?

Gold rallied to the top-end of recent ranges on a weaker US Dollar after an astonishing US CPI figure hit expectations. Can XAU/USD make a new high?

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Nasdaq 100 Shrugs Off Inflation Concerns, Hang Seng Breaches Key Resistance

The Nasdaq 100 index registered a small gain after the release of US inflation data. The US Dollar fell. Hong Kong’s technology sector may continue to rise, setting a positive tone for the Asia-Pac...

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NZD/USD Bulls Target December High After US CPI Fails to Inspire Greenback

The New Zealand Dollar gained along with the Australian Dollar and Chinese Yuan after a red hot US CPI print failed to inspire the US Dollar. A light economic docket leaves prevailing risk trends u...

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Denying The Wisdom of the Crowds – Even When It is Bitcoin, Crypto and NFTs

Looking back over 2021 (and previous years as well), it becomes clear that my long-term view of cryptocurrency assets clouded my vision of nearer term opportunities.

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AUD/USD Forecast: Relief Rally Extends for Aussie Dollar Ahead of US CPI

Commodity prices bolstered the Australian Dollar after Fed Chair Powell’s testimony yesterday. AUD/USD eyes 0.7250 with U.S. inflation to come.

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S&P 500 Trend is Higher Until Proven Otherwise: Top Trade Q1 2022

The S&P 500 has been trending strongly higher since the pandemic low, and on that it is difficult to bet against it even if at times it seems too high to buy. That doesn’t mean we get complacent, t...

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US CPI Preview: How Will the US Dollar React?

US CPI projected to hit a 40 year high. US Dollar on the backfoot

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EUR/GBP Price Stalls Ahead of Fresh Multi-Year Lows

The widening interest rate outlook between Sterling and the Euro continues to weigh on the pair, bringing new multi-year lows into view.

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Gold Prices Coil Up For Breakout. Will US Inflation Data Be The Trigger?

Gold prices are coiling up for breakout as markets weigh the impact of buoyant inflation and a more hawkish Fed on real interest rates. Incoming US CPI data may trigger volatility.

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Tuesday, 11 January 2022

US Dollar Sinks as Powell Talks Tough on Inflation Ahead of CPI Data. Can USD Hold On?

The US Dollar took a tumble as Fed Chair Powell put forward his inflation fighting credentials, bringing down long-end Treasury yields. Will USD break lower?

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Crude Oil Surges Past $80 Per Barrel as USD/CAD Plummets. EIA Data on Tap

Crude oil prices surged above $80 overnight after Fed Chair Jerome Powell testified before Congress. The Canadian Dollar followed amid a broadly weaker US Dollar. EIA data is eyed.

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Australian Dollar Skips a Beat on Softer China CPI and PPI. Where to for AUD/USD?

The Australian Dollarappears comfortable holding recent gains as China's inflation gauges come in lower than expected. Will AUD/USD stay strong?

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Dow Jones Advances After Powell Testimony, Hang Seng May Follow Higher

Wall Street equities gained after Federal Reserve Chair Jerome Powell reassured investors that the central bank will contain inflation without hurting the economy. Asia-Pacific markets may open hig...

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NZD/USD Rate Defends January Opening Range Ahead of US CPI

NZD/USD may stage a larger rebound over the coming days as the exchange rate defends the opening range for January.

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AUD/USD Eyes Chinese Inflation Data After US Dollar Takes Hit on Powell Testimony

The Australian Dollar gained versus a broadly weaker US Dollar after Fed Chair Powell testified before Congress overnight. Chinese inflation and factory-gate prices are on tap for today's APAC sess...

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Long GBP/JPY as the Carry Trade Theme Re-Emerges in 2022: Top Trade Q1 2022

The Yen remains a popular currency in FX markets for many reasons and in this case it's due to its appeal in the "carry trade". A carry trade exists whenever you have two currencies with diverging ...

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Nasdaq 100 & ARKK Blast Higher, but US CPI Data May Spark a Reversal. Dead Cat Bounce?

Nasdaq 100 & ARKK built on yesterday's recovery and posted big gains on Tuesday, but the rebound could soon be reversed if U.S. inflation data triggers further rises in bond yields.

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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...