USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC) is expected to deliver a smaller rate hike.

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Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

The Euro is facing an anticipated 75-basis point rate hike from the European Central Bank in the week ahead. Despite recession woes, the ECB will likely press on to fight persistent inflation.

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Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Gold prices fell last week as Treasury yields rose amid hawkish Fedspeak. With a FOMC blackout period among us, traders’ focus turns to economic data. US PMI data is front and center for gold and rate hike bets.

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Crude Oil Technical Forecast: Breakout on the Cards?

An ascending triangle continues to form on the WTI chart, could a breakout materialize in the near future?

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BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

In an environment where persistent inflation, hawkish central banks and economic uncertainty continue to drive sentiment, cryptocurrency and stocks remain vulnerable to geopolitical risks.

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Volatility Ahead with USDJPY Intervention, US GDP for S&P 500, ECB Rate Decision for EURUSD

A listless week punctuated by an opportunistic and desperate intervention by the Bank of Japan will transition into a heavier bout of trading conditions ahead. Technical boundaries will strain against heavy event risk including US 3Q GDP, the ECB and BOJ rate decisions, FAANG earnings and much more.

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Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has been chopped up of late as the global macro environment has created a high degree of uncertainty, but domestic CPI will be the focus in the week ahead.

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The US Dollar Edged Higher Along with Treasury Yields as USD/JPY Scopes 150+

The US Dollar gravitated to higher ground again today as markets watch Treasury yields march north and Japanese officials stand aside. Will the USD (DXY) index make a new peak?

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Serious S&P 500 Trends May Wait for Next Week’s Heavy Docket, USDJPY Keeps Climbing

The recovery effort from the S&P 500 and risk assets to start the week seems to have fallen apart these past two sessions. With a docket next week that includes US GDP, FAANG earnings and the ECB rate decision commitment may be hard to generate. However, volatility for the likes of USDJPY and GBPUSD is still very much possible.

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Gold Price Outlook Looks Grim as the Weekend Nears, Eyes on Fed’s Williams and Evans

Gold prices look vulnerable heading into the weekend with XAU/USD nervously eyeing Fedspeak from policymakers John Williams and Charles Evans. What are key levels to watch?

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EUR/USD Rebound Fizzles Ahead of 50-Day SMA

EUR/USD may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902).

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USD/JPY Trades Above Key Level as Investors Await BoJ Intervention: Asia-Pacific Outlook

The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open.

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AUD/USD Outlook Mired by Failure to Push Back Above September Low

The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363).

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S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings

Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes.

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EURUSD Continues to Coil – Is a Big Move Imminent?

EURUSD continues to carve out a symmetrical triangle as traders await the next large move.

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Hang Seng Index Sinks to New Lows While the Fed Maintains Hawkishness

The Hang Seng index continues to struggle under the weight of zero-case Covid-19 policy and a lack incentives for investment in Hong Kong.

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S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility.

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Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices.

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Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.

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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87).

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