Thursday, 23 February 2023

EUR/USD on a Knife Edge as Eurozone Core Inflation Ticks Higher

EZ core inflation hits record in January with EURUSD surrendering the 1.0600 handle. Further downside looking ever more likely. 1.0500 incoming?

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AUD Price Forecast: Aussie at Key Inflection Point Post-FOMC

The Australian dollar is now testing the 0.68 handle but technical analysis could suggest a reversal to the upside for the AUD.

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Wednesday, 22 February 2023

US Dollar Slides After FOMC Boost as Hikes Get Baked in. Is There a New Trend for USD?

The US Dollar reclaimed the ascendency overnight before slipping today after the FOMC minutes confirmed the perception of upcoming hikes. Is the DXY (USD) Index starting a new trend?

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US Dollar Rallies as Fed Minutes Point to More Hikes amid Upside Inflation Risks

The U.S. dollar, as measured by the DXY index, extended session gains after FOMC minutes showed that policymakers continue to anticipate additional rate hikes to contain inflation.

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US Stock Equities Forecast: S$P 500, Nasdaq 100 Await FOMC Minutes

FOMC Minutes pose a risk for risk assets, will the Fed deliver an upside surprise? S&P 500, Nasdaq levels.

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European Equity Update: Strong Performers FTSE and DAX Head Lower

The DAX and mainly the FTSE have outperformed the largest indices since October 2022, however, signs of fatigue point to pullbacks in both benchmarks

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GBP/USD Latest: UK Data Empowers Sterling, FOMC Minutes Near

Sterling has more than held its own in the foreign exchange market this week, supported by better-than-expected economic data. Up next, the latest FOMC minutes.

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EUR/USD Susceptible to Further Losses Below the 1.0665 Level

EURUSD trickled lower following the European open with improving German Ifo data unable to entice Euro bulls. Can the FOMC minutes or improving sentiment arrest the slide?

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Japanese Yen Outlook: USD/JPY Probes 135 as BOJ Implements YCC

USD/JPY preps for the upcoming FOMC minutes after a BOJ focused morning.

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Tuesday, 21 February 2023

Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD?

The Euro backed away from recent lows against a US Dollar seeking to reclaim the ascendency with higher Treasury yields underpinning it. Will EUR/USD break the range?

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Gold and Crude Oil Await Dollar Break for Their Own Commitment

Despite the traction ‘risk assets’ have exhibited for bears through Tuesday’s trading session, the US Dollar doesn’t seem to have caught its safe haven wind. That has thrown an unexpected curb on key developments for crude oil and gold which seem break prone but are principally USD-priced.

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Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance

Bitcoin and Ethereum price action has been on a rampant rise since the beginning of the year. With psychological resistance back in play, can the trend hold?

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Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI & ZEW Data

EUR/USD slips on the back of political uncertainty despite positive eurozone PMI and economic sentiment data.

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Gold Price Latest: Crucial Level for Bearish Continuation Becomes Clearer

Gold has witnessed a marked decline since the appearance of the bear flag but recent consolidation poses questions around continued selling

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Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI and ZEW Data

EUR/USD slipped despite better than expected PMI and economic sentiment data on the back of souring political instability.

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GBP/USD Rallies as UK PMI Points to a Solid Recovery

The UK Private sector returned to growth in February following a sharp rebound in the service sector in particular.

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US Dollar (DXY) Grabs a Small Bid Ahead of Important US Data

The US dollar is back up and running after a long weekend and is edging higher, aided by a firm US Treasury complex. US PMIs out this afternoon will give the greenback short-term direction.

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Monday, 20 February 2023

Swedish Krona Holds the High Ground as US Return from Holidays. Lower EUR/SEK?

The Swedish Krona has paused after massive gains from a more hawkish Riksbank tackling swelling inflation. The US will return from a long weekend today, will USD trend resume?

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Australian Dollar Steadies as Trends Get Tested. Where to for AUD/USD?

The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact for AUD/USD?

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Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light

EUR/USD has risen to another zone of technical resistance, driving Euro Dollar into another tight range. As volatility remains light, fundamentals could drive the next move.

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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...