GBP currency pairs have marginally recovered after last weeks slump while several key economic data prints lie ahead.
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Monday, 8 August 2022
The Bond Market as a Forecasting Tool for Stocks: Four Key Yield Curve Regimes
Traders often use the shape of the yield curve as a leading indicator of the economy and a forecasting tool for equity performance. Here are four key yield curve regimes to know.
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Sunday, 7 August 2022
Crude Oil Price Steadies in Asia as US Dollar Holds Gains. Will WTI make Fresh Lows?
The crude oil price has had a quiet start to the week, but re-emerging US Dollar strength could undermine it, especially if CPI data this week comes in hot. Where to for WTI?
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AUD/USD Struggles at 20-day SMA Despite Record China Trade Surplus
The Australian Dollar is trading slightly lower against the US Dollar despite China posting its best trade surplus on record. Covid lockdowns across China weigh on the economic outlook.
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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Euro - Eyes on Inflation
The Nasdaq 100 outperformed as the Dow Jones fell last week. A strong US jobs report is placing the market at odds with the Fed as officials try to downplay dovish expectations. Now, the US Dollar,...
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Weekly Fundamental Euro Forecast: September ECB Hike Odds Stay Elevated
Amid a quiet Eurozone economic calendar, traders will focus on evolving ECB rate hike odds.
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S&P 500, Nasdaq 100 Price Outlook for The Week Ahead
US equity markets are on the back foot after the latest blowout NFP report with Wednesday's US inflation release set to be the next market driver.
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USD/CAD Rally to Persist If US CPI Indicates Sticky Inflation
The update to the US Consumer Price Index (CPI) may sway USD/CAD as the Federal Reserve struggles to reduce inflation
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Saturday, 6 August 2022
Gold Price Outlook Mixed After Blowout NFP Report
Gold's recent rally stalls as the latest NFP report tempers recession fears for now.
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US Dollar Outlook Hinges on July Inflation Data after Gangbuster Jobs Report
The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation.
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BTC/USD Fundamental Outlook: Bitcoin, Ether & Cardano Boosted by NFP
Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.
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Friday, 5 August 2022
Australian Dollar Outlook: RBA and Trade Play Out in AUD
The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?
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Mary Daly: The Fed is Far from Done
Strong labor market dismisses the idea of a current recession. FED officials suggest interest rates can remain high for some time
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Thursday, 4 August 2022
Gold Prices Surge Ahead of Non-Farm Payrolls as XAU/USD Clears Key Trendline
Gold prices soared in the best single-day gain in almost 4 months. Markets may be pre-positioning themselves for non-farm payrolls data. But, a larger threat is looming down the road.
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EUR/USD Stages Another Run at Former Support Zone Ahead of NFP Report
EUR/USD appears to be staging another attempt to test the former support zone around the May low (1.0349) as it retraces the decline from earlier this week.
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AUD/USD Prices Hinge on RBA Statement as APAC Traders Brace for US Jobs Report
The Australian Dollar rose against a broadly weaker US Dollar. AUD volatility may rise on the RBA's Statement on Monetary Policy. Meanwhile, traders are preparing for the US jobs report due out ton...
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Oil Prices Eyes February Low Following Upward Adjustment in OPEC Output
The price of oil appears to be on track to test the February low ($86.55) as it clears the July low ($90.56) following the OPEC Ministerial Meeting from earlier this week.
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S&P 500, Nasdaq 100 Mixed as Stocks Pause After Recent Rally, Coinbase Skyrockets
U.S. stocks paused for breath Thursday after the recent rally as traders opted for some caution ahead of the July U.S. jobs report, which could provide clues about the health of the economy.
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NFP and Forex: What is NFP and How to Trade It?
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...