Monday, 12 June 2023

Gold Price Flirts with Support as US CPI Shapes Views Ahead of the Fed and ECB

The gold price is bumping along an ascending trend line ahead of US CPI today that could see market dynamics pivot should the number surprise. Will a tilt to real yields dent XAU/USD?

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FOMC Preview: Will US CPI Upset the Apple Cart?

US CPI could be the deciding factor for the Fed in its upcoming interest rate announcement on Wednesday.

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Positive start to the week as US CPI looms: Gold, Straits Times Index, Brent crude

Wall Street delivered a positive start to the week, with strength in rate-sensitive tech reflecting some confidence that the Fed’s tightening cycle will be heading towards its final phase.

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US Dollar Bid Ahead of Inflation Data, USD/JPY Coils Inside Symmetrical Triangle

U.S. CPI data may help guide the Fed's near-term policy outlook, setting the tone for the U.S. dollar in FX markets. As for USD/JPY, the pair is coiling inside a symmetrical triangle, with a possible breakout in play.

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S&P 500 Bull Market: What Does Historical Performance Suggests from Here?

The S&P 500 enters a technical bull market despite navigating through restrictive financial conditions. What does the data reveal about the index from here?

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Gold Prices on Shaky Ground ahead of US Inflation Data and Key Fed Decision

U.S. inflation data and the Fed's monetary policy announcement will take center stage this week and guide gold prices’ trajectory in the near term.

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Oil Continues its Post-OPEC+ Slide, Multi-Week Lows in Sight

Ongoing recessionary fears and elevated US Treasury yields continue to weigh on oil which is now back to lows last seen at the start of the month.

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GBP/USD Up, Below Recent Highs As Markets Look To Fed

Markets believe the Bank of England has much more rate-rising to do than the Fed now if prices are to be held in check

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EUR/USD Price Forecast: Bulls Eye Retest of 100-Day MA Ahead of a Busy Week

EUR/USD is looking to retest the 100-day MA ahead of key data release from the Euro Area and the US. Is this the start of the next upside leg for EURUSD or will bears return at the 1.0800 level?

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​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of this week’s US inflation data and several central bank meetings.

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

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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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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...