Monday, 3 April 2023

EUR/USD Recovers Above the 1.0800 Handle as Sentiment Improves

EURUSD has rallied some 70-odd pips from its Asian session lows as the 1.0800 level remains pivotal. Where to next for EURUSD?

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USD/CAD Price Forecast: Cyclical Canadian Dollar Pauses at Key Technical Level

USD/CAD teeters on the edge of a major support zone that if broken could see the loonie tumble. A big fundamental week lies ahead that could lead to such a move for CAD.

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Sunday, 2 April 2023

Gold Price Dips as US Dollar Firms While Crude Oil Soars. Where to for XAU/USD?

The gold price slipped today with the US Dollar tracking higher along with Treasury yields due to inflation fears reigniting after OPEC+ cut oil production targets. Lower XAU/USD?

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Crude Oil Price Gaps Higher on OPEC+ Output Cut Compounding Supply Issues. Higher WTI?

Crude oil prices leapt higher to start the week after an unorthodox announcement from OPEC+ to cut output, stoking concerns of a surge in inflation. Will WTI hold the gains?

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Markets Q2 Outlook: US Dollar, Gold, Oil, Dow, Euro, Yen, Sterling, AUD, BTC

The collapse of Silicon Valley Bank has so far seen markets squarely focus on the upside of dovish central banks as the first quarter ended. Will markets continue having it easy in the second?

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US Dollar Q2 Technical Forecast: Sellers Take Hold of Steering Wheel

The U.S. dollar heads into the second quarter with a negative bias, challenging a key technical support and at risk of a significant breakdown that could put the February lows in play.

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Saturday, 1 April 2023

WTI Technical Forecast: Long-Term Downtrend Remains but Signs of Fatigue Appear

Q1 unfolded with price action oscillating between key levels. Q2 shows potential for a continuation of the long-term downtrend but signs of fatigue are showing

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Euro Q2 Fundamental Forecast: Recovery May Continue but Upside Will Be Limited

EUR/USD has the potential to keep strengthening during the second quarter of 2023, but its upside will be limited considering the current macro and financial backdrop.

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Japanese Yen Q2 Technical Forecast: Yen Looks Set for Gains in Q2

The Yen has displayed resilience in the final month of Q1 as recent price action hints at Yen strength in the months ahead.

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Friday, 31 March 2023

Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2

Bitcoin bulls have come back with vengeance after a disappointing 2022, resuming the uptrend from the first quarter of this year. After gaining approximately 70%, candlestick patterns suggest that bullish continuation is possible in Q2.

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Gold Fundamental Forecast: Gold Glowing into Q2 as Fed Peaks

Gold prices ripped higher in Q1 as rate expectations eased and banks fell into financial distress. Will bulls continue to drive the safe-haven commodity in Q2?

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US Inflation Nudges Lower, US Dollar (DXY) Also Slips on Drifting Rate Expectations

Price pressures in the US are abating, according to the latest BEA data, and this may change the Fed’s rate outlook in the weeks ahead.

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Gold Price Uptrend Looks Solid With $2000 Very Much In Play

Gold prices are again close to $2000, a level they don’t usually spend very long above

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Euro Breaking News: Core Inflation Reaches New High, Validating ECB Hawks

Despite a record drop in the headline measure of inflation, core inflation heads higher. Renewed expectations of ECB rate hikes and weak dollar sees EUR/USD eying 1.10

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Thursday, 30 March 2023

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive the DXY Index?

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USD/CAD Mauled as Canadian Dollar Bulls Pounce, Key Support at Risk of Cracking

The Canadian dollar continues to strengthen against the U.S. dollar amid positive market sentiment and higher oil prices, with USD/CAD on the verge of breaching a key technical support.

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EUR/USD Confronts Trendline Resistance, Threatens Breakout After Hot German CPI

EUR/USD rallies and threatens to break above a key technical resistance after hotter-than-expected German inflation data boosts European bond yields

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USD Breaking News: Final US (Q4) GDP Revised Lower but Data Remains Robust

US GDP drops quarter-on-quarter, but fundamental data remains robust despite rising interest rates and the recent banking turmoil. USD dips lower

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DAX 40 Price Forecast: European Stocks Soar Ahead of German Inflation

Equities have continued to rally in today’s session, allowing the German Dax to break through key technical levels ahead of important inflation data.

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Gold Prices Stick To Uptrend As Market Mulls US Rate Path

Gold continues to benefit from the view that US borrowing costs are near their peak

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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...