Gold prices may surrender gains made after the Federal Reserve's rate decision sent Treasury yields lower. However, with more rate hikes ahead, bond bears may return to gold's detriment.
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Wednesday, 15 June 2022
Australian Dollar Steady After Jobs Data Adds to RBA Hawkish Stance. Will AUD/USD Rally?
The Australian Dollar was relatively unchanged after a low unemployment reading did little to change perceptions. What lies ahead for AUD/USD?
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Crude Oil Price Eyes June Low amid Rise in US Inventory & Production
The price of crude oil may face a further decline over the coming days if it fails to defend the opening range for June.
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NZD/USD Price Forecast: Post-FOMC Bounce Hits Snag on Downbeat GDP Data
The New Zealand Dollar rallied overnight against the Dollar following the FOMC decision. However, a downbeat GDP print out of New Zealand may see the rally fade.
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S&P 500 and Nasdaq 100 Rally Despite Fed’s Hawkish Hike, but Will Gains Last
U.S. stocks rally after Fed Chairman Powell says he does not expect 75 basis points rate hikes to be commonplace during the ongoing tightening cycle.
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AUD/USD Reverses Ahead of Yearly Low with Australia Employment on Tap
AUD/USD may stage a larger recovery over the coming days as the exchange rate appears to be reversing course ahead of the yearly low (0.6829).
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Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994 in Effort to Crush Inflation
The Federal Reserve raised its benchmark interest rate by 75 basis points to 1.50-1.75%, the third hike in the ongoing tightening cycle aimed at cooling rising inflationary pressures.
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Tuesday, 14 June 2022
Crude Oil Perseveres
While debate continues on the transition from fossil fuels to green energy, the nation will rely on oil and gas for the foreseeable future
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USD/CAD Rally Eyes Yearly High Ahead of Fed Rate Hike
USD/CAD may continue to retrace the decline from the yearly high (1.3077) as the Federal Reserve is expected to implement higher interest rates on June 15.
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Bitcoin, Ethereum, and Alt-Coins: A Brief History of Crypto Winters
Nick Cawley explores his experiences in the 2017 crypto winter, explains the backdrop of last year's crypto boom, and tries to explore if Ethereum, Bitcoin, and Alt-Coins will have a meteoric rise ...
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Solar Energy Stocks
The golden age has yet to arrive for stocks in solar power companies
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; June Fed Meeting Preview
Rates markets are now pricing in a 75-bps rate hike by the Federal Reserve on Wednesday.
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Crypto Sell-off Forces Coinbase to Cut Jobs, Fed Rate Decision Looms
Bitcoin prices stabilize above $20,000 despite Coinbase announcement. FOMC and Fed rate decision support USD strength as riskier assets remain under pressure.
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Monday, 13 June 2022
FX Week Ahead - Top 5 Events: Fed Rate Decision; Australia Jobs Report; BOE Rate Decision; BOJ Rate Decision; Eurozone Inflation Rate
The second half of the week is loaded with significant event risk.
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USD/JPY Price Forecast: Kuroda Signals Potential End to Yen Weakness
USD/JPY accelerated to over 135.00 but a sharp U-turn from BoJ Governor Kuroda describing recent sharp declines as “undesirable” for the economy, could stem losses
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GBP/USD Forecast: Surprise Decline in UK GDP, Sterling Hitting the Lows
UK GDP posts surprise contraction highlighting the stagflation risks that the UK economy faces.
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How Central Banks Impact the Forex Market
Discover how policies and interest rate hikes of central banks impact forex and trading decisions.
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Sunday, 12 June 2022
Gold Price Hangs Tough as Markets are Pummelled After Shocking US CPI. Higher XAU/USD Ahead?
The gold price got an initial boost from US CPI carnage, but rising yields have taken the shine off it, and the US Dollar is soaring. More consolidation for XAU/USD?
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Euro Technical Outlook - EUR/USD and EUR/JPY Have Lost Ground but Have Trend Lines Intact. Will They Hold?
The Euro has been slammed against the US Dollar and the Japanese Yen but underlying momentum could resume. Can the Euro find firmer footing?
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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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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...