Monday, 27 February 2023

Higher Inflation Will Change the Trading and Investment Landscape

The markets and assets that do well when price growth is cowed might not be such great investments when it is more vigorous.

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Gold Price Forecast: Short-Term Bounce Potential at $1800 Psychological Level

Spot gold continues to make its way toward the $1800 level as the Dollar remains bid following US PCE Data. Can the precious metal catch a short-term bounce as the RSI enters oversold territory?

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GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

GBP/USD price action has the pound testing the key 200-day MA ahead of the US durable goods orders release later today.

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Sunday, 26 February 2023

US Dollar Holds the High Ground as Inflation Haunts Markets. Where to for USD?

The US Dollar ascendency got back on track last week after strong core US PCE data triggered fears of an even more aggressive Fed tightening phaser. Will the DXY index make a new high?

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, USD/CAD, AUD/USD, GDP

The Dow Jones and S&P 500 tumbled as PCE data boosted hawkish Fed bets last week. The US Dollar gained, and gold fell. Ahead, CAD and AUD are eyeing local GDP data. What else is in store?

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Gold Price Fundamental Forecast: XAU/USD Under Pressure From Raging Dollar

Gold prices head into the week on the backfoot after a resilient dollar remains supported by salivated inflationary pressures. XAU/USD eyes 1800.

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Saturday, 25 February 2023

USD/CAD at Fresh 2023 Highs After Bullish Breakout, Oil Forges Bearish Pattern

USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technical bias as prices continue to develop a bearish chart formation.

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US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE Data

The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to a hawkish repricing of the Fed’s tightening path amid sticky inflation.

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Friday, 24 February 2023

Euro Weekly Forecast: EUR/USD Gains As Eurozone Data Show Modest Return To Growth

The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped

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Oil Outlook: Russia – Ukraine One Year of Conflict Boosts WTI & Brent

Russia, Ukraine conflict reaches one year mark, adding pressure to the oil trajectory over the next year.

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US Core PCE Rises 4.7% vs 4.3% Forecast, Inflation Pushes Back

A series of stubborn prices pressures via hotter CPI and PPI readings warned of a slowdown of the disinflation trend. However, January’s data supports the Fed’s warnings

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USDJPY Inches Up Incoming BoJ Head Suggests Continuity With Kuroda

The Japanese Yen slipped back a little despite more strong inflation numbers as the man set to take over at the Bank of Japan offered little prospect of major changes

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Euro Price Forecast: German GDP Dampens Strong EZ Data This Week, US Core PCE in Focus

EUR/USD eyes US core PCE later today which may test the lower bound of the developing falling wedge pattern should inflation prove sticky.

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Gold Price Forecast: Bulls Face a Challenge Ahead US PCE Data

Spot gold continues to struggle after printing a fresh 7-week low yesterday. Can the US PCE data provide a catalyst and reignite an upside rally?

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Thursday, 23 February 2023

Equities Outlook: Dow Jones, S&P and Nasdaq Lifted by Upbeat Earnings

The S&P 500 index, Dow Jones 30 and the Nasdaq 100 are attempting to reverse the recent slump after the FOMC minutes and Nvidia earnings helped lift sentiment.

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Crude Oil Update: Anticipated EIA Stock Build Favors Current Trading Range

Stock builds in the US and a stronger dollar may be offset by production cuts in Russia and the China reopening effect. However, rising rates raise concern over demand

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GBP/USD Wilts Toward Key Retracement As Rate Prospects Support USD

Economic fragility in the UK and the prospect of higher interest rates for longer in the US add up to a toxic mix for Sterling bulls

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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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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...