Earthquake Death Tops 36,000 as Outrage Adds Pressure to USD/TRY

USD/TRY is heading back to January’s all-time high of 18.885 one week after the 7.8 magnitude earthquake ripped through the epicenter of the region.

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US Bond Yields Rally Further Ahead of a Major US Inflation Report

Yields on a range of US Treasuries are back to multi-week highs ahead of Tuesday’s US inflation report, testing the market’s risk appetite.

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GBP/USD Price Forecast: Calm Before the Storm for Pound

The GBP/USD price is showing signs of suspicion as markets keenly anticipate UK employment and US CPI tomorrow.

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Crude Oil Dips as US Dollar Finds Firmer Footing Ahead of CPI. Where to for WTI?

The crude oil price slipped to open the week as the US Dollar eked out modest gains across the board on firming Treasury yields with market focus turning toward US CPI on Tuesday.

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Australian Dollar and the RBA: Dirty Deeds Don’t Come Cheap

The Australian Dollar appears vulnerable on Monday ahead of the RBA Governor’s questioning by Federal politicians as the consequences of loose policy cause friction. Lower AUD/USD?

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, US CPI

The Dow Jones, Nasdaq 100 and US Dollar face a hotly anticipated US inflation report. Will volatility continue rising? Elsewhere, the Australian Dollar eyes local employment figures.

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US Dollar Forecast: Inflation Data to Set Tone for Bond Yields, Fed Path

The U.S. dollar could extend its recovery in the coming week if January U.S. inflation data surprises to the upside and prompt traders to reprice higher the path of Fed rate hikes.

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Dax Prices Beaten Down by Technical Headwinds

The German Dax has fallen below 15400, down by 1.64% for the day. With prices dropping below 15500, the CCI has fallen from overbought territory.

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US Dollar Price Forecast: DXY Nestles Beneath Dynamic Resistance

DXY has consolidated after the impulsive surge on the back of massive beats in NFP jobs data and a healthy services sector of the local economy. Where to from here?

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Gold Price Forecast: Ominous Signs for XAU/USD

XAU/USD price action reveals some bearish technical indications as markets await key U.S. economic data.

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USD/JPY Tests 130.00 as New BoJ Governor Rumors Swirl

The Japanese government is said to be looking at appointing a former member of the Bank of Japan Policy Board, Kazuo Ueda, as the next head of the central bank

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Breaking News: UK GDP Data in Line with Estimates, GBP/USD Steady

The UK economy stalled in the last quarter of 2022 with 2023 set to provide a host of challenges.

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Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?

The Swedish Krona rallied after the Riksbank raised rates and upped the ante on hawkish rhetoric that also gave the Norwegian Krone a boost. Will EUR/SEK continue lower?

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British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness

The UK is likely to avoid a technical recession this year, according to the NIESR, but with growth expected close to zero, it may be a close-run thing.

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WTI Oil Hits Fresh Weekly High, Retracement Before Continuation?

WTI Oil has posted 3 successive days of gains following a double bottom pattern and renewed optimism around China’s growth prospects.

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AUD Price Forecast: RBA Shielding Aussie Dollar Against Hawkish Fed

The Australian dollar awaits key economic data for some short-term directional partiality. AUD/USD will break a key level soon.

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US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?

The US Dollar reclaimed the ascendency overnight after the Federal Reserve got its message across loud and clear and the markets believed them this time. Where to for USD/JPY?

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S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?

The S&P has pulled back from last week’s 2023 peak as Federal Reserve tightening concerns continue to plague equity markets. If interest rates go higher for longer as promised, where does that leave Wall Street?

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S&P 500 Winds Up Without a Clear Catalyst, Dollar Needs a Stronger Shove

The markets have downshifted this week with the lighter economic docket giving greater weight to the technical barriers that are prevalent across the benchmarks. Will the S&P 500 and Dollar be able to earn a break and traction before next week’s US CPI stirs the speculative waters again?

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Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric

Spot gold’s rally has seen it take out the weekly high at $1885 with $1900 now in sight. Will Fed speakers spoil the party?

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