US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US CPI report is on tap this week.
from DailyFX - Market News https://ift.tt/KsFlibZ
via IFTTT
Sunday, 6 November 2022
S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market
The U.S. inflation report will be the main catalyst for stocks next week. For the S&P and Nasdaq 100 to have a meaningful chance to move higher, the CPI data must show a significant slowdown.
from DailyFX - Market News https://ift.tt/QH0yTl9
via IFTTT
from DailyFX - Market News https://ift.tt/QH0yTl9
via IFTTT
Canadian Dollar (CAD) Forecast: Hawkish BoC and Strong Jobs Data Should Keep the Loonie on the Front Foot
Canadian dollar looks set to enjoy a bullish week thanks to a host of confluences. Will the US inflation print scupper CAD gains against the Dollar?
from DailyFX - Market News https://ift.tt/eb1AU8h
via IFTTT
from DailyFX - Market News https://ift.tt/eb1AU8h
via IFTTT
Saturday, 5 November 2022
Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch
The Japanese Yen is trading at or near notable technical levels against the US Dollar, Swiss Franc and Australian Dollar. Here are the charts to watch for USD/JPY, CHF/JPY and AUD/JPY.
from DailyFX - Market News https://ift.tt/h5TNPCz
via IFTTT
from DailyFX - Market News https://ift.tt/h5TNPCz
via IFTTT
Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report
The Japanese Yen gained against the US Dollar last week. Still, it remains a tough road ahead for the currency. All eyes turn to the next US inflation report.
from DailyFX - Market News https://ift.tt/RFkAUaN
via IFTTT
from DailyFX - Market News https://ift.tt/RFkAUaN
via IFTTT
Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week
Teaser: EUR/USD begins the week on the front foot post-NFP but key inflation releases this week could turn the tide.
from DailyFX - Market News https://ift.tt/vSFIQhs
via IFTTT
from DailyFX - Market News https://ift.tt/vSFIQhs
via IFTTT
Gold Price Defends Yearly Low with US CPI on Tap
The update to the US Consumer Price Index (CPI) may prop up the price of gold as the report is anticipated to show easing price pressures.
from DailyFX - Market News https://ift.tt/JFX0cyE
via IFTTT
from DailyFX - Market News https://ift.tt/JFX0cyE
via IFTTT
Friday, 4 November 2022
Bitcoin and Ethereum Forecast for the Week Ahead
Bitcoin and Ethereum post strong sessions following NFPs. Higher prices ahead?
from DailyFX - Market News https://ift.tt/S8jlaMY
via IFTTT
from DailyFX - Market News https://ift.tt/S8jlaMY
via IFTTT
US Dollar’s Suffers Biggest Drop 7 Years, Is That the Start of Something?
The Federal Reserve made clear its intention to keep up its inflation fight, but that drive will only last so long. The DXY Dollar Index suffered its biggest daily drop since December 2015 to end this past week, while stretching a record-breaking run above the 100-day moving average. Will CPI, UofM survey or risk trends change that trend?
from DailyFX - Market News https://ift.tt/N6AxTiq
via IFTTT
from DailyFX - Market News https://ift.tt/N6AxTiq
via IFTTT
Australian Dollar Outlook: Wings Clipped by the RBA
The Australian Dollar lost ground after the RBA continued to tilt away from a hawkish stance and the US Dollar was underpinned by a Fed hosing down inflation. Will AUD/USD go lower?
from DailyFX - Market News https://ift.tt/DQjNiF3
via IFTTT
from DailyFX - Market News https://ift.tt/DQjNiF3
via IFTTT
Crude Oil Forecast: Brent Surges on Weaker USD as NFP Takes Centre Stage
Brent crude oil keenly awaits NFP data later today after taking advantage of a softer USD.
from DailyFX - Market News https://ift.tt/tOUrSbu
via IFTTT
from DailyFX - Market News https://ift.tt/tOUrSbu
via IFTTT
Thursday, 3 November 2022
USD/CAD Reverses Ahead of 50-Day SMA to Eye Yearly High
USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248).
from DailyFX - Market News https://ift.tt/v3GZ7Nt
via IFTTT
from DailyFX - Market News https://ift.tt/v3GZ7Nt
via IFTTT
Bitcoin Price Outlook: BTC/USD Bounces Back Despite a Strong US Dollar
Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold?
from DailyFX - Market News https://ift.tt/hiDZIKV
via IFTTT
from DailyFX - Market News https://ift.tt/hiDZIKV
via IFTTT
US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed
US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected.
from DailyFX - Market News https://ift.tt/2Ph4koT
via IFTTT
from DailyFX - Market News https://ift.tt/2Ph4koT
via IFTTT
EUR/USD Heads Lower, ECB Can’t Match Fed Firepower
The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday's session.
from DailyFX - Market News https://ift.tt/Us6Yy8Q
via IFTTT
from DailyFX - Market News https://ift.tt/Us6Yy8Q
via IFTTT
Gold Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring
Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting.
from DailyFX - Market News https://ift.tt/abEovYG
via IFTTT
from DailyFX - Market News https://ift.tt/abEovYG
via IFTTT
USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC
The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP.
from DailyFX - Market News https://ift.tt/pK3Qd2t
via IFTTT
from DailyFX - Market News https://ift.tt/pK3Qd2t
via IFTTT
Wednesday, 2 November 2022
AUD/USD to Track 50-Day SMA amid Failure to Test October High
AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547).
from DailyFX - Market News https://ift.tt/KWVczQf
via IFTTT
from DailyFX - Market News https://ift.tt/KWVczQf
via IFTTT
FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage
FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.
from DailyFX - Market News https://ift.tt/ItWFejT
via IFTTT
from DailyFX - Market News https://ift.tt/ItWFejT
via IFTTT
South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000
South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000?
from DailyFX - Market News https://ift.tt/x3Ih7j6
via IFTTT
from DailyFX - Market News https://ift.tt/x3Ih7j6
via IFTTT
Subscribe to:
Posts (Atom)
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...
-
The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...
-
The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...