S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff

US equity indexes sold off on Friday after the US jobs report solidified the chances for a 75-basis point FOMC rate hike. The market’s direction in the week ahead hinges on the US consumer price index (CPI).

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Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD

The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.

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Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum continue to hold above YTD lows as the picture becomes more bleak for risk assets.

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Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings

The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope. Ahead, the focus will turn back onto ‘traditional’ fundamental themes that are darkening significantly: growth forecasts and financial stability. And there are events ahead that will charge both worries.

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$100 Million Stolen From Binance in Hack, Bitcoin Brushes Off the News

Hacks and exploits in the crypto arena have been occurring with troubling frequency. Yesterday, another large theft occurred at the world’s largest cryptocurrency exchange; and yet the stalwart coins hardly blinked.

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Australian Dollar Outlook: Dovish RBA Sinks Currency

The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.

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Gold Prices Nervously Await Non-Farm Payrolls Data and the Impact on the Fed

Gold’s rally noticeably slowed heading into the US non-farm payrolls report. A lot is hinging on the jobs report, namely its impact on the Federal Reserve. Expect heightened volatility risk.

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NFPs Can be the Dollar and Stock Spark But Financial Instability is the Fire

We are moving into ‘nonfarm payrolls Friday’ and the potential for volatility is significant after a broad mix of preceding employment statistics. While the employment report can certainly spur the markets like the S&P 500 and Dollar to action, traders should keep tabs on growing warnings from the IMF and Fed officials.

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AUD/USD Rate Eyes September Low with US NFP Report on Tap

AUD/USD may fail to defend the September low (0.6363) as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

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USD/JPY Above 145 to Test MOF, BoJ’s Mettle After Yield Surge Charges the US Dollar

USD/JPY is above the 145—“line in the sand”—level, which puts Japan’s Ministry of Finance and Bank of Japan up against short traders. Asia-Pacific markets look set to close the week lower after overnight USD strength.

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Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA

The price of oil may mirror the price action from August if crude struggles to hold above the 50-Day SMA ($88.08).

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S&P 500, Dow and Nasdaq Under Pressure, USD Stands Tall as Sentiment Sours

Major U.S. stock indices end in negative territory as investors focus on gloomy economic outlook amid high inflation and worries about further rate hikes

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Gold Price Outlook: Fed Speakers and NFP Report Eyed as XAU Takes Cues from Equity Market

Gold prices are modestly higher in Asia-Pacific trading after an overnight drop that halted a multi-day rally. Prices are trading at key technical levels ahead of Fed speakers and the US jobs report.

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Euro Slides as US Dollar Regains the Upper Hand on a Consistently Hawkish Fed

The Euro backed away from parity again after US Dollar ascendency got back on track after the Federal Reserve got their message across loud and clear. Where to for EUR/USD?

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Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude oil prices are heading for the best week since Russia Invaded Ukraine. OPEC+ output cuts and an unexpected drop in US inventories boosted WTI on Wednesday before NFPs on Friday.

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AUD/USD Chart Points to More Losses as APAC Markets Eye Australian Trade Data

The Australian Dollar looks primed to fall against the US Dollar on technical and fundamental grounds. AUD/USD is in focus as APAC traders eye Australia’s trade data due out today.

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Gold Performance in Midterm Election Years – There’s a Bigger Trend Elsewhere

Any direct connection between gold prices and midterm elections may be spurious, at best.

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Will the 2022 Stock Market’s Performance Influence the US Midterm Elections?

The performance of US equity markets during a midterm election year does not appear to influence the outcome at the polls, based on data going back to 1946.

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British Pound (GBP/USD) Forecast: PM Truss in Focus Ahead of UK and U.S. Services PMI’s

Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15.

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Dollar Slide Aligns to Rebound in Risk Trends but What About Rates and Recession Forecasts?

Risk appetite has extended its exceptional start to October and the fourth quarter with the S&P 500 earning its biggest two-day rally since April of 2020. Given the lack of tangible fundamental support behind this move, I remain dubious of its consistency. That said, the Dollar’s retreat from two-decade highs may offer valuable tracking.

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