Tuesday, 14 February 2023

Japanese Yen Slips as New BoJ Governor Takes the Helm. Where to for USD/JPY?

The Japanese Yen has lost ground against the US Dollar this week amidst the appointment of new Bank of Japan Governor Kazuo Ueda. Will his policies drive USD/JPY higher?

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Dollar Rallies While VIX Drops After CPI, What Dictates the Market’s Next Move?

This week’s most highly-anticipated event risk has passed, and in its wake we are left with higher rate Fed expectations, an uncertain Dollar outlook and a drop in expected volatility. Has the market decided to suppress fundamental concerns or is the fuse already lit?

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What Has the Dow Done After Past CPI Releases?

The US CPI generated significant volatility for benchmarks like the Dow Jones Industrial Average this past session, but the important inflation indicator wouldn’t clarify the market’s direction. That isn’t uncommon for the index. What has followed the immediate reaction to this event in the past?

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British Pound Forecast: GBP/USD Looks to UK Inflation Data for Directional Bias

The January UK CPI report will steal the limelight on Wednesday as traders will try to assess whether the inflation outlook could force the Bank of England to reconsider its dovish stance.

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Breaking News: Indecisive Market Reaction to US CPI Beat

US CPI came in hotter than forecasts suggested but has not triggered the conventional market reaction via the DXY and SPX indexes respectively.

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Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

Brent crude oil prices exhibit signs of attentiveness as markets await key economic data from OPEC and the U.S..

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Monday, 13 February 2023

Gold Prices Turn to US CPI Report, Will Softer Inflation Rekindle XAU/USD?

Gold prices extended losses on Monday heading into a hotly anticipated US CPI report. Will a softer inflation surprise reverse the yellow metal’s recent misfortune?

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Dow and Dollar: What is the Potential for Volatility and Trend from CPI Update?

Two of the largest representatives of market health – the Dow and the Dollar – are facing both technical resistance and the potential of volatility from the impending US CPI release Tuesday. Does this event have the capacity to drive these markets through their technical boundaries?

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US Crude Oil and USDCAD Push Synched Range Swings Ahead of US CPI

Congestion is a common affliction across the financial markets, but expectations for a CPI volatility punch is high. For crude oil’s and USDCAD’s broad ranges, how much potential is there for this top-level event to force a breakout?

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EUR/USD, Gold & Nasdaq 100 Setups Ahead of US Inflation Data. What to Expect?

The January US inflation report will help guide the Fed's path. The FOMC's tightening trajectory, in turn, may offer clues on EUR/USD, gold prices and Nasdaq 100’s short-term directional bias.

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US Dollar Subdued as US Inflation Expectations Little Changed, CPI Data Ahead

U.S. inflation expectations were little changed in January according to a New York Fed survey, but the data was largely ignored as traders await the latest CPI report to be released on Tuesday.

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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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Sunday, 12 February 2023

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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Friday, 10 February 2023

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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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...