British Pound (GBP/USD) Forecast Led by US CPI, FOMC Minutes and Gov Bailey

GBP/USD price outlook is in for a volatile afternoon today with key US economic data and the BOE’s Governor Bailey scheduled to speak.

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US Dollar Gives up Ground Ahead of CPI Data and Japanese Yen Also Slips

The US Dollar softened today as the market awaits the latest US inflation gauge due out later today. There is potential for significant market impact from the data. Where to for USD/JPY?

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Crude Oil Price Finds Comfort Ahead of a Potential Breakout. Where to for WTI?

Crude oil prices have become ensconced in the elevated levels achieved by OPEC+ output target cuts while underlying market structures appear to be supportive for now. Will WTI go higher?

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IMF Warns of Global Economic Slowdown, Core Inflation to Decline Slowly

The latest IMF World Economic Outlook – A Rocky Recovery – sees global output falling in 2023 with advanced economies hit the hardest.

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USD/JPY Price Forecast: Yen Faces Short-Term Pressure Following Ueda Inauguration

USD/JPY looks to rise as the new BoJ Governor vows to stick with easing monetary policy for now with price action and technicals also supporting further short-term gains.

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British Pound Latest – GBP/USD Starts the Week on a Positive Note

GBP/USD starts the session on the front foot and back above 1.2400. Early US dollar weakness is helping the move ahead of important US releases on Wednesday.

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AUD/USD Price Forecast: Consumer Confidence Hits Fresh Yearly Highs, Aussie Bid

The AUD is trading higher this morning after a positive China/Australia deal may remove tariffs on local barley while Westpac consumer confidence beat estimates.

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US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?

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Gold Prices Fall as Traders Raise Odds of More Fed Tightening after Solid Jobs Data

Gold begins the week on the back foot, dragged down by the rally in the U.S. dollar and the increased likelihood of a May FOMC rate hike, but maintains a bullish medium-term outlook.

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Q2 Top Trade Idea: Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal

USD rate expectations price in multiple rate cuts for 2023 while the yen appears poised to capitalise on its safe-haven appeal and possible policy normalisation

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Q2 Top Trade Idea: Long USD/CAD, Rate Differential and Price Action Support Further Upside

USDCAD remains on course for higher prices despite a recent pullback. Is 1.4000 still possible?

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Can the Japanese Yen rely on its safe-haven appeal in Q2 - Will USD retaliate?

While the BoJ is expected to maintain the current status quo throughout Q2, the focus remains on the Fed's next move.

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Will Systemic Risks Make or Break Bitcoin in Q2?

As fears of financial instability continue to drive risk sentiment, Bitcoin prices have surged and could continue to be driven by the same systemic risks in the second quarter.

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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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