Wednesday, 20 July 2022

EUR/USD Outlook Hinges on ECB Interest Rate Decision

The European Central Bank (ECB) interest rate decision may drag on EUR/USD if the Governing Council lays out a preset path in normalizing monetary policy.

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Tuesday, 19 July 2022

Crude Oil Prices Poised to Resume Climb After EIA Data

Crude oil prices are moderating after a multi-day rally that was aided by a weaker US Dollar and risk-on flows. Traders are likely sitting on the sidelines ahead of tonight's EIA inventory data.

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Australian Dollar Soars on US Dollar Weakness While RBA Faces Review. Higher AUD/USD?

The Australian Dollar has rallied on improving risk sentiment but the announcement of details of a review into the RBA might cloud rate hikes. Will AUD/USD rally anyway?

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USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision

The Bank of Japan (BoJ) interest rate decision may prop up USD/JPY as the central bank remains reluctant to move away from its easing cycle.

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Bitcoin Rallies into APAC Trading as Market Sentiment Brightens

Bitcoin and US stocks rallied overnight as traders look past a looming recession. China may cut its 5-year Loan Prime Rate at today's monthly fixing to help support the property sector.

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S&P 500, Nasdaq 100 Blast Higher Amid Healthy Earnings, Tesla’s Results in Focus

U.S. stocks soar as traders take comfort in relatively healthy corporate earnings, momentarily overlooking growing economic headwinds. Tesla’s results to take the spotlight on Wednesday.

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AUD/USD Poised to Test 50-Day SMA After Clearing Opening Range for July

AUD/USD appears to be on track to test the 50-Day SMA (0.6971) as the exchange rate clears the opening range for July.

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Equities Push Higher as Risk Sustains Serious Bid – S&P 500 & DAX 40

Equities soar as the US Dollar retreats. European markets buoyant ahead of ECB.

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Gold Price Latest: Multi-Month Lows Remain in Sight

Gold continues to respect $1,700/oz. as support with the precious metal seemingly unwilling to make fresh multi-month lows.

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Monday, 18 July 2022

Euro Steady as Risk Asset Prices Diverge Ahead of ECB and BoJ Meetings. Will EUR/USD Gain?

The Euro held gains against the US Dollar as equities markets slipped while growth orientated currencies swelled ahead of key central banks meetings. Will EUR/USD rally?

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S&P 500 Recovery, Goldman Sachs, Bank of America Earnings

Slow start to earning season as JPM and MS fail to meet expectations

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Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.

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Defining Week for the Euro: ECB Lift-Off, CPI and Bond Market Jitters

Risks for the euro accrue ahead of inflation print and the ECB’s anticipated 25 bps hike. Further complications arise via Russian gas flows and Italian politics

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British Pound Latest – GBP/USD Grabs a Bid as the US Dollar Wilts

The US dollar opened the week on the backfoot leaving Sterling with room to push higher ahead of a clutch of high-importance UK data releases.

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Crude Oil Update: Brent Propped Up by Uneventful Biden Trip and Uncertainty Around Nord Stream

Brent crude oil prices have pushed higher as supply concerns take center stage after U.S. President Joe Biden unsuccessfully left the Middle East without a deal.

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Sunday, 17 July 2022

British Pound Gains Ground Amid Rosy Outlook Ahead of CPI. Will USD Dominate Again?

The British Pound found higher altitude today as favourable risk appetite set the tone across markets. Equities and commodities joined the party. Will GBP/USD rally further?

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AUD/USD at Key Technical Level as APAC Trading Kicks Off

AUD/USD is trading near Falling Wedge resistance, putting a possible breakout on the cards. Meanwhile, traders are digesting fresh inflation data out of New Zealand as APAC kicks off the trading week.

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Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.

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Stock Market Weekly Forecast: S&P 500 & DAX 40

Russian Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus

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Saturday, 16 July 2022

Canadian Dollar Weekly Forecast: CAD at the Behest of Crude Oil and Rampant U.S. Dollar

The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.

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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...