Sunday, 12 March 2023

Gold Price Shines as US Dollar Tanks on Sinking Yields from SVB Bailout. Higher XAU/USD?

The gold price clambered higher after the US Dollar took a hit with Treasury yields crumbling on the conjecture that the Fed will not need to be so hawkish. Will lower yields augment gold?

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US Dollar Slides as SVB Repercussions Stalled by the Fed and the Treasury Department

The US Dollar skipped lower on Monday with concerns around the impact of SVB and Signature Bank collapses lingering despite authorities taking aggressive steps to achieve stability.

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Markets Week Ahead: Dow Jones, S&P 500, Gold, US Dollar, Recession Woes, CPI, ECB

The Dow Jones and S&P 500 tumbled as US bank sector woes triggered rising fears of a recession, cutting back Fed rate hike bets. Gold prices soared as Treasury yields dropped. Ahead, eyes are on US CPI and the ECB rate decision.

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Gold Price Weekly Outlook: XAU/USD Fate in the Hands of US CPI?

Gold prices get their shine back but will upcoming US CPI data limit upside? XAU/USD bulls look to hold onto 1850 as support.

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Saturday, 11 March 2023

US Dollar Forecast: Inflation Data May Revive Rally but SVB Meltdown Poses Risks

The US dollar has given up all the gains induced by Powell's hawkish comments due to a slump in yields following the SVB meltdown, but US inflation data could revive the greenback's recovery.

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Friday, 10 March 2023

Oil Price Update: WTI and Brent Eye Fourth Consecutive Day of losses

Oil prices continued their decline in the European session in what has been a tough week for the commodity. Where to next for Oil?

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British Pound Latest: UK Economy Expands in January, US Jobs Data Key for GBP/USD

Sterling picked up an early bid after the latest GDP figures showed that the UK economy grew by more than expected at the start of the year.

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Gold Rises Amid SVB Nervousness and NFP Data at 13:30 GMT

Gold whipsawed this week as Fed speak bolstered rate hike expectations and the US dollar while signs of unease in the labor market suggests policy ought to be reined in

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Euro Price Forecast: German CPI Boosts EUR/USD Ahead of NFP and the ECB’s Christine Lagarde

EUR/USD prepares for an eventful day after a positive start to the morning post-German CPI.

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Thursday, 9 March 2023

S&P 500 Outlook: All Eyes on US Jobs Data, Good News May Be Bad News for Stocks

The S&P 500 moves without conviction on Thursday as traders avoid taking large directional bets on risk assets ahead of Friday’s U.S. jobs report – the next big catalyst for the equity market.

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USD/JPY Price Forecast: BoJ Meeting, NFP and US Hourly Earnings in Focus

USD/JPY looks to key economic data tomorrow in conjunction with the Bank of Japan interest rate meeting.

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US Dollar (DXY): Is This The Calm Before the NFP Storm?

The latest US Jobs Report (NFPs) will be released on Friday and a further confirmation of a robust jobs market will send the US dollar higher going into the weekend

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GBP/USD Price Forecast: Cable Enjoying a Bounce Ahead of UK GDP and NFP Data Releases

Cable is looking to recover some losses following Tuesday’s selloff with a weaker dollar index and a lack of high impact data likely to work in its favor.

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Euro Dollar Forecast: EUR/USD Turns Cautious as Traders Eye NFP’s

EUR/USD has fallen into another tight range after markets continued to digest Fed commentary and rate expectations. US NFP’s take center stage.

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AUD/USD Price Forecast: Australian Building Permits Hits 12-Month Low

The Australian dollar is still under immense pressure despite a marginal comeback as AUD/USD hovers around the 0.6585 swing low.

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Wednesday, 8 March 2023

USD/CAD Gains After Bank of Canada Holds Rates Steady, Retains Dovish Guidance

USD/CAD extends gains after Bank of Canada holds rates unchanged and keeps dovish guidance

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USD Price Action Setups: GBP/USD, USD/CAD, USD/CHF

A lot has changed in the last 24 hours as Powell opened the door to a 50 bps hike, sending US yields and the dollar higher. How are currencies shaping up in the aftermath?

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Gold Price Forecast: $1800 Back in Focus as Price Consolidates Following Selloff

Spot gold remains above the 100 and 200-day MAs despite yesterday’s selloff. $1800 holds the key for a change in the technical outlook.

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Euro Latest: Euro Area Growth Flatlines, EUR/USD Dancing to Powell’s Tune

The Euro Area recorded no growth in Q4, according to the latest Eurostat data, in line with analysts’ forecasts. EUR/USD unchanged after Tuesday’s Powell inspired heavy sell off.

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British Pound (GBP) Forecast: Fading Risk Sentiment Knocks Back Sterling

GBP/USD is at the mercy of US economic data carrying over from yesterday testimony by Fed Chair Jerome Powell.

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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...