The S&P 500 sank 1.6% in the aftermath of Jerome Powell’s press conference and testimony from Janet Yellen. Risk aversion seems in the cards, will the US Dollar pull ahead?
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Wednesday, 22 March 2023
Fed Hikes Rates to Zap Inflation, Embraces Less Hawkish Guidance; USD Sinks
The Federal Reserve raised interest rates by 25 bp to 4.75%-5.00% at the end of its March policy meeting, adopting a less hawkish guidance than in previous months, a sign the hiking cycle is nearing its end.
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Gold Patiently Awaits the Fed’s Next Move – How Will XAU/USD Respond?
Gold prices have turned bearish after a strong rally pushed XAU/USD above the psychological level of $2,000. Will the Fed allow gold to resume the uptrend?
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USD/JPY Price Outlook: Scenario-Based Trade Setups Ahead of FOMC
In the wake of recent panic, the Japanese yen flourished. This article takes a look at possible USD/JPY price action using a scenario-based approach
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US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms
It’s not quite all about the US central bank for the oil market Wednesday, inventory data are haunting it too
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Tuesday, 21 March 2023
US Dollar Dips as the Fed Ponders the Inflation Versus Bank Crisis Dilemma
The US Dollar is weaker today as risk assets found support from Treasury reassurances and ahead of the Federal Reserve that faces a crucial interest rate decision. Will a pause sink USD?
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Nasdaq 100 Soars Despite Rally in Yields, VIX in Freefall Ahead of Fed. Now What?
The Nasdaq 100 rallies despite rising Treasury yields amid speculation that the worst of the banking sector turmoil is over thanks to coordinated action by government authorities.
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EUR/USD Price Forecast: Is the Panic Over? Sentiment Reversal Lifts the Euro
The euro trades higher today on a much-improved outlook as banking stocks rise across the board. ECB’s Enria and ratings agency S&P echo that EU banks are resilient
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Crude Oil Forecast: Prices Extend Recovery as Banking Sector Jitters Fade
Oil prices rise and advance for the second consecutive day as market confidence improves further, but the outlook for energy commodities remains challenging.
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GBPUSD Weaker As Market Looks To Fed, Bank of England
There are monetary policy calls on both sides of the GBP/USD pair this week, with major moves unlikely until they’re out of the way
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Gold Price Slips Lower as Markets Turn Risk-on, FOMC Will Guide the Next Move
After breaking the $2k barrier for the first time in a year, gold has given back some of its recent gains ahead of Wednesday’s all-important Fed monetary policy decision.
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Monday, 20 March 2023
Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?
Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook.
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FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction
The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead adds to its new-found fragility
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Oil Price Update: WTI and Brent Remain Under Pressure as Recessionary Fears Weigh
Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see a sustainable upside push for Oil prices?
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USD/JPY Grinds Lower as Fear Overshadows UBS/Credit Suisse Deal
USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the Yen.
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EURUSD Wilts As Bank-Sector Woes Hit Risk Appetite Once Again
EUR/USD didn’t enjoy much of a lasting boost from last week’s interest rate rise as the financial sector’s worries take center stage again
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UBS Rescues Credit Suisse, Fed Increases Dollar Liquidity , Gold Hits a One-Year High
In a deal brokered by the Swiss Government, UBS has bought troubled rival Credit Suisse in a deal worth just over three billion US dollars.
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Sunday, 19 March 2023
Markets Week Ahead: Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell
The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference on Wednesday.
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Saturday, 18 March 2023
US Dollar Outlook Hinges on Fed’s Next Steps. Will the FOMC Hike or Pause?
The US dollar’s trading bias will be defined by the Fed’s policy outlook next week. Traders should prepare for the possibility of a dovish guidance due to rising financial instability risks.
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Friday, 17 March 2023
Gold Prices Jump as Yields Slump, Sentiment Dismal as Bank Angst Lingers
Gold prices soar, rising to the highest level since early February, boosted by falling bond yields and risk-off mood as the U.S. banking sector woes fail to dissipate.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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