Monday, 24 October 2022

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Euro Breaking News: Lackluster Eurozone PMI Adds to the ECBs Woes

The Eurozone continued its downturn to start Q4 with the ECB facing a host of challenges. Will further hikes push the zone into a recession?

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Sunday, 23 October 2022

British Pound Bounces After Boris Backdown Amid US Dollar Strengthening

The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge.

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Japanese Yen Whipsawed Against US Dollar on Intervention Speculation

The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY?

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AUD/USD Eyes Chinese GDP After Dow Jones Surged Amid Risk-On Move

The Australian Dollar is likely at the mercy of Chinese economic data, which includes the previously delayed third-quarter GDP growth rate.

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Markets Week Ahead: Dow Jones, Yields, US Dollar, USD/JPY, EUR/USD, USD/CAD, China GDP, ECB, BoC

An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility elevated.

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S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout

Quarterly results from Alphabet, Microsoft, Meta Platforms, Apple and Amazon will take center stage next week as the Fed's blackout period temporarily reduces attention on monetary policy.

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Saturday, 22 October 2022

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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Friday, 21 October 2022

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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Thursday, 20 October 2022

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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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...