Stock futures have continued to trade higher as USD weakness and lower yields boost demand for risk assets. With earnings season underway, can Dax hold gains?
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Monday, 17 October 2022
Crude Oil Forecast: Brent Softened by Global Slowdown & Chinese Policies
Brent crude oil prices are indicative of an uncertain market due to conflicting supply and demand factors as we look to close out 2022.
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Gold Outlook: XAU/USD Rallies with Fundamental Factors Likely to Cap Gains
The precious metal began the week on the front foot buoyed by a weaker dollar. The rally looks vulnerable below $1670.
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USD/JPY Soars after G7 Nations Sidestep Coordinated FX Intervention
USD/JPY remains elevated after Friday’s advance as G7 nations remain attentive to spillover effects of the dollar but are yet to consider coordinated intervention
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Sunday, 16 October 2022
British Pound Respite as US Dollar Weakens and a Possible Policy Backflip
The British Pound found something of a pardon to start the week with market hopes of change in tack from the new Chancellor and a moderating US Dollar. Where to for GBP/USD?
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Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?
The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a hawkish Fed. Higher USD/JPY?
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Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat
The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again?
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Markets Week Ahead: Dow Jones, Nasdaq 100, British Pound, Japanese Yen, Earnings Season Continues
The Dow Jones pulled off a gain as the tech-heavy Nasdaq 100 sank alongside Tesla. British political turmoil continues to be a threat to the FTSE 100 and the Sterling. Will Japan intervene again after the Yen plunged to a 32-year low?
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S&P 500, Nasdaq 100, Dow Jones – Q3 Earnings Will Drive Market Action
After Thursday’s slump and rally, US equity markets will be looking at a cluster of important Q3 earnings next week, including Tesla, Goldman Sachs, J&J, and Netflix.
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Saturday, 15 October 2022
USD/CAD Forecast: BoC Hike Odds Dip While the Fed’s Rises, Bullish USDCAD
Markets anticipate a slower rate of hikes between the Fed and Bank of Canada going into year end. Policy divergence highlights bullish continuation themes in USD/CAD
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Gold Price Outlook: Another Raging Inflation Print Dims XAU/USD’s Trajectory
Gold prices fell 3 percent last week. Another strong US inflation print means that the Federal Reserve will have to step up its fight against raging CPI. XAU/USD remains at risk.
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US Dollar Forecast: Bullish Bias Intact as Hot CPI Will Keep Fed on Hawkish Path
The U.S. dollar is likely to remain supported in the near term on bets that persistently high inflation in the U.S. economy will keep the Fed on a hawkish tightening course over the forecast horizon.
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Friday, 14 October 2022
Bitcoin and Ethereum Forecast for the Week Ahead
Bitcoin and Ethereum remain rangebound following CPI as other risk assets continue to sink. More chop ahead?
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S&P 500 Faces Key Technical Breaks but GBPUSD, USDJPY and USDCNH the True Risk Measures
While there are key events (like Chinese 3Q GDP and earnings) and high-profile technical levels (the midpoint of the S&P 500’s post-pandemic range) ahead, my focus moving forward is the health of the underlying financial system. The IMF’s warnings around exchange rate volatility, the need of UK stimulus and Japanese intervention speak to the cracks.
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Thursday, 13 October 2022
British Pound Backflips as Market Digests US CPI and Possible Fed Actions
The British Pound gained after US Dollar ascendency collapsed despite a hotter and expected US CPI created a series of reversals across many markets. Where will GBP/USD go?
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S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket
US core inflation accelerated to its fastest pace of growth in four decades and the market’s expectations for a fourth consecutive 75bp rate hike moved to ‘certainty’ territory. Despite that, the S&P 500 rallied while the Dollar lost ground this past session. Volatility is the common thread and there is plenty of risk of more for Friday.
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Gold Price Vulnerable After Failing to Defend Monthly Opening Range
The price of gold may struggle to retain the rebound from the yearly low ($1615) as it fails to defend the opening range for October.
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Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls
The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs past levels where Japan intervened.
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Crude Oil Price Forecast: Bull Flag Formation Takes Shape
The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape.
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S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed
The S&P 500 rebounded from big losses triggered by hotter-than-expected U.S. CPI data, rallying more than 2.5% at the market close ahead of the official start of the earnings season on Friday.
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