Can CPI Recharge VIX and Spark a True S&P 500 Trend?

We will soon trade anticipation for fundamentally-driven action. The CPI release is due before the US open, and traders are clearly well-aware of the indicator’s recent history of invoking volatility. Will this release resolve our lack of trend and persistent volatility crush or will the attention turn immediately to bank earnings?

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Crude Oil Posts Biggest Rally Since November 4 with CPI Volatility Ahead

US-based crude oil futures rallied a healthy 3.3 percent this past session against a backdrop of measures ‘risk appetite’. The chart for capital markets assets connects more readily to hope for a quicker downshift in inflation and pressure for the Fed to drop rates, but can crude oil draw the same connections?

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EUR/GBP Forecast: Euro Takes Centre Stage Via ECB Speakers

The EUR/GBP currency pair is trading higher this Wednesday on the back of hawkish ECB officials in preparation for key economic data later in the week.

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Gold Price Latest: XAU/USD Piercing Multi-Month Resistance

The precious metal continues to grind higher and unless Thursday’s US inflation release comes in higher than expected, gold is likely to test resistance around the $1,900/oz. level this week.

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USD/JPY Latest: Hints of BoJ Policy Tweaks and Death Cross in View

USD/JPY has been dropping as US interest rate expectations are revised lower. A potential death cross in the pair supports the current trend ahead of crucial US CPI

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AUDUSD and NZDUSD Outlook from the Charts and Fundamental Perspective

US fundamental themes and the Dollar continue to exert an exaggerated influence on the major FX market. However, with growing speculation of the Fed’s rate potential slipping; can two of the top ‘carry currencies’ stand to benefit? We focus in on the Australian and New Zealand Dollar crosses.

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S&P 500 Price Outlook: Banks Kick off Q4 Earnings, Index Remains Vulnerable

Banks are expected to issue profit warnings for 2023 ahead of their Q4 earnings reports later this week. S&P 500 fails to follow through on bullish momentum

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Gold Holds Bid Before Powell, Bulls Try Channel Top

Gold prices remain around seven-month highs on hopes that the vast bulk of US interest rate hikes is now behind us.

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Euro Latest – EUR/USD Testing Multi-Month Highs Again

The recent EUR/USD rally has seen the pair print a fresh multi-month high with US dollar sellers in charge of the move

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Crude Oil Forecast: WTI Dictated by USD, Fed Chair Jerome Powell in Focus

WTI crude is trading at a key area of confluence ahead of Jerome Powell’s speech.

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Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?

The Japanese Yen has struggled to make headway against a US Dollar that slipped lower elsewhere amid a Federal Reserve re-iterating its high for longer rate path. Will USD/JPY go lower?

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US Dollar Sinks to Support After PMIs: CPI Data Ahead

The US Dollar is moving down to a fresh low, fast approaching a spot of confluent support around the 103 handle on DXY.

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Gold, Silver Technical Forecast: Gold's Rapid Rise Meets Resistance, Silver Cools

Gold and silver enjoyed months of price appreciation as the USD selloff took shape. Silver appears to be cooling faster although, XAU/USD faces stern resistance at 1875

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British Pound Update: GBP/USD Rallies on US Dollar Weakness

Cable is continuing to push higher this morning with the move driven by ongoing weakness in the US dollar after Friday’s woeful US ISM data.

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EUR/USD Forecast: Softening U.S. Inflation Potential Pillars Euro

The EUR/USD has benefited from the recent dollar sell-off ahead of the highly anticipated U.S. CPI print later this week.

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Australian Dollar Leaps Despite Weak Data as the US Dollar Slides. Higher AUD/USD?

The Australian Dollar motored higher with the US Dollar giving up ground on the back of conjecture that the Federal Reserve might have wriggle room on looming hikes. Where to for EUR/USD?

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Crude Oil Price Steadies the Ship Despite the Fed Staying on Course. Where to for WTI?

Crude oil has made some ground today after a wild ride last week that saw large declines with the Federal Reserve set to make the hard decisions to slow the economy. Will WTI rebound?

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, British Pound, US CPI

The Dow Jones and S&P 500 gained as softer US economic data cooled the US Dollar, pushing gold prices higher. Ahead, all eyes turn to US CPI and UK GDP figures.

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Gold Fundamental Price Outlook: XAU/USD Primed for the Next Leg Higher

The precious metal continues to be in the thrall of US rate expectations and with yields starting to reverse lower from their recent elevated levels, gold may soon attempt to make a fresh multi-month high.

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USD Weekly Outlook: Dollar Index (DXY) Eyes U.S. CPI

The U.S. dollar starts the week under pressure but may find some respite from U.S. CPI should actual figures exceed forecasts.

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