WTI Oil has come in for a battering this week as fading optimism around China and a buildup in inventories weigh heavily on the commodity.
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Friday, 3 February 2023
Gold Price Forecast: XAU/USD on the Precipice
Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling.
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Thursday, 2 February 2023
Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?
Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?
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USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move
Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower
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US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling
The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low
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Wednesday, 1 February 2023
Gold Prices Rallied as Markets Kept Betting Against the Fed, Now What?
Gold prices rallied the most in almost 2 weeks as markets continued to bet against the Federal Reserve. What did Jerome Powell say and what are key levels to watch?
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Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?
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US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?
The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?
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Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
The Federal Reserve hiked its benchmark rate another 25 basis points and Powell held the door open for further hikes, but neither risk assets nor the Dollar took the group for its word. Scrutinize the progress on trends like that from EURUSD with event risk like the ECB and unresolved themes like recession ahead.
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GBP/USD Update: 1.2300 Handle Holds Firm as Markets Take a Breather Before the FOMC Meeting
GBP/USD rangebound as the medium-term direction remains uncertain. FOMC and BoE to provide clarity moving forward.
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Gold Bulls Look Tired After Strong Run Into 2023
Gold prices have been a one-way bet for three months, posting gains on a softer Dollar and hopes that the Fed is losing its enthusiasm for interest rate hikes
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Euro Breaking News – Euro Area Headline Inflation Falls Sharply, EUR/USD Little Changed
Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.
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Japanese Yen Outlook: USD/JPY Scans 130 Ahead of Fed
USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.
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Tuesday, 31 January 2023
Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?
The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attention turning to post-decision press conference.
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S&P 500 and USDJPY: FOMC Strategy Run Down
It’s finally upon us: the FOMC rate decision. The markets have been waiting for this event, but will it give the clarity of theme and trends that traders have been waiting? We break down the event and the backdrop of key markets represented by the S&P 500, Dollar and USDJPY.
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Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data
EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision.
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USD/JPY Breaks Key Downtrend Line But Bulls Have Work to Do
USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question
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Gold Slides Through Support as US Bond Yields Nudge Higher Ahead of the FOMC
US Treasury yields are inching higher ahead of Wednesday’s FOMC rate decision and this is weighing on the price of gold
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GBP/USD Retreats as the Fed and BoE Hog the Limelight
GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a breakout after 10 days of rangebound trading?
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Monday, 30 January 2023
Euro Steadies Ahead of Crucial Fed and ECB Meetings This Week. Higher EUR/USD?
The Euro has backed away from last week’s peak against the US Dollar in anticipation of further tightening from the Federal Reserve tomorrow. Where to for EUR/USD?
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...