Monday, 12 June 2023

AUD/USD Price Forecast: Markets Back Aussie Dollar Ahead of US CPI & Fed

AUD/USD continues its recent upside as investors patiently await upcoming US CPI and the Fed rate decision.

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Sunday, 11 June 2023

Markets Week Ahead: S&P 500, Gold, USD; Fed, ECB, BoJ, Germany ZEW, UK & Australia Jobs, US CPI, China Retail Sales

After a relatively light data week, the coming week brings a spate of important data releases along with key central bank meetings. Last week’s surprise interest rate hikes by the RBA and the BOC has put the spotlight is on the Fed, the ECB, and the BoJ meetings in the coming week.

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Saturday, 10 June 2023

Crude Oil Prices Look to US Data for Guidance as OPEC News Fades

Crude oil prices shift attention towards the US for short-term directional bias coming off a quiet week of trading.

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Gold Weekly Forecast: Gold (XAU/USD0 Prices Delicately Poised Heading into Blockbuster Week

A pivotal week ahead not just for gold prices but markets as a whole. Will the FOMC meeting see gold return to the $2000 handle or will the long-awaited retest of $1900 finally materialize?

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Friday, 9 June 2023

USD/JPY Price Forecast: Yen Slides as BoJ Sees Little Need to Tweak YCC in June

USD/JPY bulls enjoyed a fruitful start to the European session following dovish comments from the BoJ. Will USD/JPY gain acceptance above the 140.00 handle ahead of a data filled week?

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Outlook on FTSE 100, DAX 40 and S&P 500 Ahead of Next Week’s Central Bank Meetings.

​​Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.

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USD Price Forecast: DXY Holds its Breath Ahead of Big Data Week

The U.S. dollar found some backing this morning while trading within a bull flag pattern; however, US CPI and the FOMC will ultimately decide on investor sentiment.

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Thursday, 8 June 2023

New Zealand Dollar Boosted by Low Volatility; What’s Next for NZD/USD, AUD/NZD, EUR/NZD?

The suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest rates are peaking have boosted risk-sensitive currencies, including the New Zealand dollar. What is the outlook for NZD/USD, AUD/NZD, and EUR/NZD?

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Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory

The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.

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Crude Oil Price Bounces Around but is Unable to Break the Range Where to for WTI?

Crude oil prices regained traction going into Friday after testing the downside overnight as potentially more supply coming online before USD tanked. Will the range break for WTI?

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Gold Prices at Risk of Freefall Below the 100-Day MA

Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?

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Dow and CAC40 Move up, but Nasdaq 100 Struggles

After its huge run higher, the Nasdaq 100 has faltered, but the Dow and CAC40 are showing signs of strength

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GBP/USD Price Forecast: UK Housing Prices a Sign of Future Pound Weakness?

GBP/USD is looking for a fundamental catalyst as it wades within a symmetrical triangle formation.

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Wednesday, 7 June 2023

Australian Dollar Holds Ground as Market Look to the Fed after BoC Hike

The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.

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Asia Day Ahead: Higher Treasury yields triggered profit-taking in Nasdaq overnight

A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver a hawkish surprise this week.

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Crude Oil Outlook Muddied by Interference and Low Vol. Where to for WTI?

Crude oil prices consolidated going into Thursday after a bumpy start to the week as markets reassess the outlook when monetary policy is stagnant. Will the range break for WTI?

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Outlook on FTSE 100, DAX 40 and S&P 500 as expectations of a Fed hike in June diminish.

Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context

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EUR/USD Outlook: Euro Breakout Imminent, ECB Officials in Focus

EUR/USD fades as economic data and risk sentiment dwindles. ECB speakers will likely look to maintain the hawkish rhetoric today.

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Tuesday, 6 June 2023

British Pound at Mercy of Peers in Light Data Week: GBP/USD, GBP/JPY, GBP/AUD Price Setups

In a relatively light week regarding UK macro data, the British pound could be at the mercy of some of its peers. What is the outlook for GBP/USD, GBP/JPY, and GBP/AUD?

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Gold Gets its Groove as Markets Consolidate across the Board. Where to for XAU/USD?

The gold price shrugged off a press lower earlier this week with key macro events out of the way, attention might turn toward what the Federal Reserve will do next week. Higher XAU/USD?

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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...