The pair has retreated further from parity to retest last week’s trendline break. Will the FOMC meeting give the pair some much needed direction?
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Wednesday, 2 November 2022
Gold Prices Hold Nascent Uptrend As Markets Look To Fed
The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support.
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The US Dollar (USD) is Primed For Action with November’s Fed Decision Imminent
This week’s big event, the latest Federal Reserve rate decision, is upon us and the US dollar is prepared for a move.
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Crude Oil Forecast: Brent Bid on Possible Reduction in China’s COVID Policies, API & FOMC
Brent crude oil pushed higher after several fundamental catalysts provided upside support ahead of FOMC later this evening.
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Tuesday, 1 November 2022
FOMC Strategy Amid a Strong S&P 500 Rebound and Buoyant Dollar
We are heading into this week’s top event risk: the FOMC rate decision. The market consensus is for a fourth consecutive, 75 basis point rate hike; but that exceptional extension of a historical hawkish charge is likely baked in. So what should we focus on for this key event and what markets are most exposed?
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New Zealand Dollar May Rise Against USD and AUD After NZ Job Numbers Impress
The New Zealand Dollar may rise against the US Dollar and Australian Dollar after the island nation’s third-quarter employment numbers beat estimates, underpinning RBNZ rate hike bets.
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S&P 500 Extends Losses as Yields Charge Higher ahead of key Fed Decision. Now What?
US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed's monetary policy decision on Wednesday.
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British Pound News: GBP Dictated by USD Ahead of FOMC
GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.
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Monday, 31 October 2022
The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up
The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed's Wednesday rate decision as markets try to see what's around the next corner.
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XAU/USD Faces Renewed Selling Pressure as FOMC Beckons
Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?
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Euro Breaking News: Stagflation Recurs With Contracting EZ GDP & Record Core CPI
EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB.
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The Russell 2000 Index Explained for Traders
Read our article to learn more about the Russell 2000 Index
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AUD/USD Forecast: Aussie Inflationary Landscape A Cause for Concern
The Australian dollar is trading marginally stronger this morning after solid retails sales numbers complicate the RBA’s rate decision tomorrow.
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Sunday, 30 October 2022
Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?
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Japanese Yen in Flux on Data and the Chinese Yuan Battles Soft Sentiment
The Japanese Yen edged lower against the US Dollar on mixed retail sales and industrial production data while Chinese PMI disappointed. Will a higher USD/JPY lift USD/CNY?
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AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind
The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufacturing PMI data could set the tone for the Australian Dollar.
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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE
Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar and British Pound are eyeing the Fed, RBA and BoE, respectively. What else is due?
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S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment
This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard.
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Saturday, 29 October 2022
Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock
Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential.
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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...
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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...