Monday, 7 November 2022

EUR/USD Bounces of 50-SMA, Sustained Break Above Parity May Remain Elusive

The pair has returned to parity buoyed by continued dollar weakness. Have we already seen the YTD low?

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GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues

GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-lived

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Forex Trading: What is Forex? FX Trading Explained

Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.

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Gold Price Forecast: XAU/USD Pares Back, Focus on Fed Speakers Ahead of CPI

Spot gold looks forward to Wednesday’s inflation print while XAU/USD hovers around key resistance.

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Sunday, 6 November 2022

Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on news around China’s potential reopening.

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Euro Ran Higher on Chine Re-opening Rumours but Turns on Denial. Where to for EUR/USD?

The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD lower?

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Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders.

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Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

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.

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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.

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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?

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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.

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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.

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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.

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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.

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Friday, 4 November 2022

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum post strong sessions following NFPs. Higher prices ahead?

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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?

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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?

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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.

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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).

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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?

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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...