S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’

Markets are still firmly seated in a ‘risk aversion’ trajectory, but the progress for that slide has ebbed – perhaps owing to the absence of a dominant fundamental event risk in the foreground. Meanwhile, the pressure from inflation, recession risks and the Dollar’s extreme pressure are unrelenting.

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Gold Price Action Echoes Bearish Behavior as APAC Markets Fall

Gold prices are down modestly as APAC markets sell-off. A lull in XAU volatility is unnervingly similar to price action seen over the last few months, setting gold prices up for a potential leg lower soon.

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Australian Dollar Scuppered as US Dollar Takes the Throne as King of Currency

The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south?The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south?

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USD/JPY Rate Approaches Yearly High Ahead of US PCE Report

Fresh data prints coming out of the US may prop up USD/JPY as the Personal Consumption Expenditure (PCE) Price Index is expected to show sticky inflation.

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Crude Oil Price Rebound Keeps RSI Out of Oversold Territory

The price of oil may stage a larger rebound over the coming days as long as the Relative Strength Index (RSI) holds above 30.

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Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’

The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.

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British Pound on Edge as BoE Does Little to Allay Concerns. Where to for GBP/USD?

The British Pound is under siege as the Bank of England signals no action for now despite fiscal and monetary policy disparity undermining them. Will make GBP/USD make new lows?

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EUR/USD to Face Record High Reading for Euro Area CPI

Fresh data prints coming out of the Euro Area may curb the recent decline in EUR/USD as inflation is expected to hit a record high.

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Dow Jones Sinks after Sterling Hit Record Low, KOSPI and Hang Seng Index at Risk Ahead

Dow Jones futures slumped as Sterling’s record low further boosted global monetary tightening expectations. The KOSPI and Hang Seng indices are at risk after Wall Street’s plunge.

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Chinese Yuan Faces Another Big Test as US Dollar Surge Goes Unchecked

The Chinese Yuan faces another big technical test as the US Dollar continues to cause havoc across the FX space. China’s industrial profits are in focus for today amid a commodity selloff.

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AUD/USD Selloff Pushes RSI Into Oversold Territory

AUD/USD may attempt to test the May 2020 low (0.6373) as the Relative Strength Index (RSI) pushes into oversold territory.

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OECD Interim Report Highlights Persistent Inflation and Higher Rates

The Organization for Economic Cooperation and Development (OECD) released its interim report flagging stubborn inflation, lower growth and higher rates

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Euro (EUR) Forecast – EUR/USD Slumps to a Fresh 20-Year Low, Ifo Warns of a Recession

‘A bleak mood hangs over Germany’ according to the latest Ifo business climate index with the economy expected to shrink in Q3.

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GBP Breaking News: Pound Slammed in Asian Session, Markets Look to BoE to Restore Creditability

GBP extended losses from last week in what has been an unusual spate of selling during the Asian session as markets mull over loose fiscal policy and GBP/USD tests 1.00.

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British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for GBP/USD?

The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything to save GBP/USD?

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Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

The Japanese Yen lost ground against the US Dollar to start the week as the market questions the ability of the Bank of Japan to hold down rates at the same time as supporting the Yen.

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Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today.

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Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

Volatility rippled through the financial system this past week with global indices tumbling and the Dollar’s rally amplified through counter-currency struggles. While conditions were still orderly through Friday, we may find financial stability at risk in the week ahead with the wrong prompts.

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GBP/USD Slide Continues, ’Mini Budget’ Gets a Distinctly Lukewarm Welcome

The British Pound continues to languish at levels not seen since the mid-1980s as inflation and growth worries continue to glower.

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Crude Oil Update: Central Bank Hikes Weigh on Brent Ahead of Baker Hughes

Brent crude oil continues to fall as fundamental headwinds gain traction.

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