EUR/USD faces significant headwinds around the 1.05 level. A host of key data releases lie ahead this week which could facilitate the pairs next move.
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Monday, 28 November 2022
Crude Oil Weekly Forecast: Brent Dampened by China’s COVID, OPEC+ & U.S. Data to Follow
Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shifts to OPEC+ and US data.
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Sunday, 27 November 2022
Australian Dollar Blitzed by China Covid Concerns Souring Sentiment. Where to for AUD/USD?
The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat over continuing Covid-19 related lockdowns.
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US Dollar Grabs the High Ground on Growth Risks. Will the USD (DXY) Index Bounce?
The US Dollar steadied into the trading week as global economic conditions continue to flag warnings for prospects going forward. Has the DXY put a bottom in place?
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Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, British Pound, Euro, Gold
A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC.
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Japanese Yen Weekly Forecast: 140 Key for USD/JPY Ahead of U.S. Economic Data
The Japanese Yen looks to face a week stacked with U.S. centric data which could give USD/JPY traders some guidance as we head into December.
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Saturday, 26 November 2022
Euro Week Ahead: EUR/USD Heading for Best Month Since 2010? Eyes on Eurozone CPI
The Euro is likely heading for its best month since September 2010 as the markets focus on relativity between the Fed and ECB. EUR/USD is eyeing Eurozone CPI and non-farm payrolls data next.
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US Dollar Outlook – Will Heavyweight Data Stem the US Dollar’s Ongoing Decline?
The recent US dollar sell-off has seen the greenback fall by 8% since hitting a 20-year peak at the end of September. Next week’s data releases include high-importance inflation and job numbers.
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Friday, 25 November 2022
Australian Dollar Outlook: A Sinking US Dollar Floats All Boats
The Australian Dollar leaped higher with the US Dollar under the pump after November’s Fed meeting minutes.
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Pound Fundamental Forecast: Retailers Hope for Booster Black Friday Sales
UK shoppers are expected to hit the high streets on Friday ahead of the Christmas shopping season as retailers hope to boost sales. US PCE and NFP next week
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USD/JPY Rallies as the Dollar Index Arrests a Three-Day Slide
The Pair has finally gained some upside traction as bets around a less aggressive Federal Reserve ramp up.
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British Pound Forecast: GBP/USD Rally Erases Policy Error Losses
GBP/USD continues to press higher and an important technical landmark is within touching distance.
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Euro Price Forecast: EUR/USD Advances on German GDP and ECB Speakers
EUR/USD is trading higher given a boost from positive German GDP data and ECB officials.
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Crude Oil (WTI) Whipsaws Around Key Level as Fundamental Drivers Clash
Comments from the Saudi Energy Minister supporting supply cuts and increasing Chinese lockdowns results in choppy price action around a key long-term support level
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Thursday, 24 November 2022
USD/JPY Collapsing Towards a Fresh Three-Month Low
The recent USD/JPY sell-off continues, driven by greenback weakness, and the pair look set to test levels last seen three months ago.
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GBP/USD Rally Gains Momentum as FOMC Minutes Takes a Dovish Tilt
Cable continued its advance yesterday boosted by the dollar indexes decline. Have we seen the high on the dollar index?
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Crude Oil Update: Brent Falls on Supposed Russian Oil Price Cap
ICE Brent crude oil hurt be the potential for a higher price cap for Russian oil.
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Wednesday, 23 November 2022
US Dollar Nosedives Post Fed Meeting Minutes. Will the USD (DXY) Index Push Lower?
The US Dollar descended for the third day in a row after the Federal Reserve meeting minutes were interpreted as dovish by the market. Has the DXY lost its ascendency?
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Looking Ahead to EURUSD Activity, VIX Recharge and Key Market Data
This week’s liquidity was as deflated as was expected with the market able to play down key events to safeguard complacency. However, the typical seasonal restraint heading into December that will be turned to next week should not be relied on. Instead, measures like S&P 500, VIX and EURUSD will be prone to volatility and potentially even trend.
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Australian Dollar Soars as the US Dollar Sinks. Will AUD/USD Make a New Peak?
The Australian Dollar was boosted by the US Dollar being undermined by Federal Reserve meeting minutes that were perceived as dovish by the market. Can AUD/USD rally further?
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