US Dollar May Keep Weighing on the Chinese Yuan if Exports Soften

An anticipated weakening in Chinese exports for the second quarter y/y could keep the US Dollar pressuring the Yuan. USD/CNH may be eyeing a 7.08 – 7.52 zone in the coming months.

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Volatility May See Range Breaks across Markets but Trends Might be Short-Lived

Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and an evolving banking crisis. Will volatility continue to evolve?

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Markets in the Second Quarter: S&P 500, US Dollar, Gold, Crude Oil, Euro, Recession Woes

To some, how markets performed in the first quarter might have come as a surprise. But, is price action deviating away from the fundamentals? What are the key markets to watch in Q2?

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US Dollar Q2 Fundamental Forecast: USD Weakness to Make Headway as Fed Abandons Hawkish Pledge

The U.S. dollar is likely to have a challenging second quarter as the Fed’s tightening campaign comes to an end and markets begin to price in rate cuts for the second half of the year.

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Oil Fundamental Forecast: WTI to Head Lower in Q2 as Fundamentals Weaken

OPEC forecasts a drop in global oil demand in Q2 as the Biden administration backtracks on SPR refills, effectively removing a zone of support

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Euro Q2 Technical Forecast: EUR/USD Presents Attractive Price Action for Now

Despite retaining a positive bias in early 2023, EUR/USD has lacked strong bullish conviction. The outlook, however, could change if prices break out of recent ranges.

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Japanese Yen Q2 2023 Fundamental Forecast: Safe Haven Appeal to Keep Yen Supported

The Yen looks set to benefit from its safe-haven appeal, while the incoming BoJ Governor Ueda is likely to keep policy unchanged in the short-term.

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British Pound Q2 2023 Technical Forecast: GBP/USD and EUR/GBP

Are there any attractive Q2 set-ups against Sterling? Two currencies spring to mind.

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Gold Q2 2023 Technical Forecast: Uncertainty Lies Ahead for XAU/USD

Spot gold looks to the upside at the start of Q2 2023 from a technical perspective as XAU/USD eyes the $2000 resistance handle, but how long will this last?

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US Dollar Outlook – Direction of Travel May Be Lower as Jobs Data Overstates Strength

The U.S. dollar traded slightly higher heading into the weekend following the release of the March U.S. jobs report, but is likely to head lower if the Fed embraces a more cautious approach.

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March Jobs Report: Nonfarm Payrolls Rise by 236,000, Wage Growth Cools to 4.2%

The U.S. economy added 236,000 jobs in March, a healthy but slower pace of hiring than seen earlier in the year. Meanwhile, the unemployment rate fell to 3.5% from 3.6% previously.

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Australian Dollar Drops as Currency Markets Await US NFPs, Will AUD/USD Keep Going?

The Australian Dollar fell as US jobless claims data briefly jittered markets ahead of the highly anticipated non-farm payrolls report. Will AUD/USD extend lower next?

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British Pound Latest – GBP/USD Trying to Confirm New Support, NFPs Near

GBP/USD is stuck in another tight range today with very little macro news to spark a move. That will likely change tomorrow with the highly anticipated release of the latest US Jobs Report.

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EUR/USD Eyeing Key Support Test Ahead of NFP

EUR/USD failed to reach the 1.1000 level yesterday before a resurgent dollar saw the pair retreat to daily support around the 1.0900 handle. Where to next for EURUSD?

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Gold Price Forecast: XAU/USD Echoes Uncertain Global Sentiment

Gold prices are cautious ahead of Friday’s NFP data as conflicting fundamental factors remain in play. XAU/USD holding above $2000.

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Crude Oil Slides as US Data Underwhelms Pushing Yields Down. Lower WTI?

The crude oil price slipped again today as markets digest the implications of US data missing forecasts to send the US Dollar higher and Treasury yields lower. Will WTI crumble?

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US Dollar Gains on Soft Data that May Signal a Shift in Market Perception for USD

The US Dollar is stronger today amid a break in correlations of markets with discerning data interpretation moving into focus. If the twist remains in play, will USD go higher?

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Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?

The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s session?

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Euro Latest: EUR/USD Holding Weekly Gains, Bulls Eye 1.1000+

EUR/USD is stuck in a tight trading range today as the Euro consolidates its recent strong performance against the US dollar. A fresh multi-month EUR/USD high is within touching distance.

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GBP/USD at Multi-Month Highs, Acceptance Above the 1.2500 Level Remains Key

Cable retreated from multi-month highs this morning as support at 1.2449 comes into play. Will US data later provide fresh impetus for further downside or is acceptance above 1.2500 inevitable?

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