The S&P 500 has lacked strong directional conviction in recent days after the powerful rally earlier in the year, but the balance of risks appears to be tipping to the downside.
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Thursday, 16 February 2023
USDCAD Outlook Has Distinct Technical Levels to Work With
In indecisive markets – which we are currently facing – markets tend to better abide high profile technical boundaries. With USDCAD, there is a well established range from the past month and even larger levels just beyond that congestion. This may suit our conditions well.
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Wednesday, 15 February 2023
Euro Trapped in the Range as US Dollar Takes off Elsewhere. Where to for EUR/USD?
The Euro consolidated today after the US Dollar reclaimed the ascendency overnight as Treasury yields maintain lofty levels. The ECB is hawkish. Will it boost EUR/USD?
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Great Fall of China: Population Decline Will Have Global Impact
China’s vast population is starting to fall, and the rate of decline could accelerate sharply in the years ahead. What will this mean for the global economy and markets?
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US Dollar Gains as Markets Digest Rosy Retail Sales After CPI Data, Where to?
The US Dollar rallied on Wednesday as markets digested rosy US retail sales data after a red-hot CPI print. Is the Greenback readying to reverse more of its winter 2022 drop?
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Dollar Breaks Higher While Dow Holds its Range: Which Move Metabolizes?
The Dollar earned a potential technical break higher while the Dow Jones Industrial Average seemed to fade back into its well-established range. Which of these moves is more likely to reflect the baseline for speculative conviction moving forward?
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USDJPY Outlook Receives Bullish Charge on Break Higher
The Dollar earned a significant boost Wednesday which pushed USDJPY to a notable technical break above 133.00. Is this a break with follow through given the uneven fundamental backdrop?
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EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip
EUR/USD could extend recent losses if a bearish double top pattern is confirmed with a break below key technical support around the 1.0655 area.
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Tuesday, 14 February 2023
US Dollar Trades Up Post CPI Beat as Markets Grapple Fed Hikes. Higher USD?
The US Dollar ascendency got back on track after inflation gauges popped higher and the focus moved to the Federal Reserve with more hikes coming. Will USD trend north?
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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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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 -...