The latest US inflation release may not have the same market effect as in the past as the global interest rate backdrop has changed post-SVB failure.
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Tuesday, 14 March 2023
Euro Price Forecast: Wait & See for EUR/USD, US CPI
EUR/USD is eyeing the all important US CPI release while trading at a key inflection point.
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Breaking News: UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower
The UK unemployment rate held steady while wages adjusted for inflation recorded its largest drop since the February to April 2009 period.
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Monday, 13 March 2023
US Dollar Grips on as SVB Fallout Brings US CPI into View Ahead of the Fed
The US Dollar steadied after a discombobulating first few sessions following a weekend of turmoil in US banking that may have implications for the Fed rates path ahead of US CPI today.
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Crude Oil Faces Perfect Storm if US Inflation Pours Gasoline on Uncertainty Flame
Crude oil prices extended losses during Tuesday’s Asia-Pacific session. Market uncertainty may be pushed further if another sticky US inflation report reinvigorates Fed rate hike bets.
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XAU/USD Price Outlook: SVB Collapse Drives Demand for Safe-Haven Gold
Gold prices have surged after the SVB collapse sent shockwaves through global markets. While rate expectations have eased, XAU/USD is on track to retest $1,900.
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US Dollar Hits a One-Month Low as Bond Yields Slump; Gold, Yen Remain Bid
The greenback is falling further in early trade as US Treasury yields continue their sell-off as markets reassess the path of future interest rate hikes.
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EUR/USD Prints Fresh 1-Month High Before Surrendering the 1.07 Handle
EURUSD has struggled to maintain gains above the 1.07 level following the European open as markets digest moves by US policymakers to restore confidence in the Banking sector.
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AUD/USD Price Forecast: Australian Dollar Rallies on Fed Repricing
The Australian dollar is trading higher today as the US dollar continues to sell-off post-SIVB. AUD/USD now eyes the 0.67 resistance handle ahead of US CPI tomorrow.
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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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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 -...