Friday, 13 January 2023

S&P 500, Nasdaq 100 Latest – Focus Now Turns to US Earnings Season

US equity markets have enjoyed a positive week on benign economic data. Ahead, the latest look at US corporate earnings may add a dose of volatility to a range of indices.

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Thursday, 12 January 2023

Dollar Breaks But S&P 500 Can’t Overcome 200-Day Average After CPI, Bank Earnings Ahead

US inflation continued its slide back towards earth, but the market struggled to muster a clear ‘risk appetite’ response. Whether the markets are starting to fully discount a steady CPI retreat or the report was just undermined by its ‘in-line’ print, we have another spark to push the S&P 500 ahead: bank earnings…

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Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?

Gold prices roared higher after an in-line US CPI report sank the US Dollar and Treasury yields. XAU/USD broke higher, restoring momentum. Where to from here?

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US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY

The US Dollar sold-off after an in-line CPI print, dropping down to a Fibonacci level and trendline for a support test.

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S&P 500 Post CPI Rally Muted by Technical Resistance

US CPI data for the month of December fell in-line with expectations in anticipation of bank earnings, providing an initial lift to S&P 500. Can SPX clear 4000 to move higher?

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CPI Breaking News: US Headline CPI 6.5%, Core at 5.7% - In line with Estimates

US inflation continues to ease as the December measures of core and headline inflation print in line with estimates. S&P shoots above 4000, DXY below 103

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EURUSD Bullish As Key US Inflation Data Approach

The Euro remains supported against the Dollar by interest rate forecasts as a key clue to that thesis approaches

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US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now

The US dollar remains under pressure ahead of the latest inflation report with markets pricing in a subdued reading. Will today’s CPI release confirm this optimism?

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XAU/USD Forecast: Gold Optimistic About Softening U.S. Inflation

Gold has been benefitted from the recent dollar selloff ahead of key US CPI data. XAU/USD currently tests the key $1880 handle.

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Wednesday, 11 January 2023

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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Tuesday, 10 January 2023

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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Monday, 9 January 2023

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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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...