GBP/USD holds steady going into a data heavy week with the recent pound rally looking to be slowing.
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Monday, 19 June 2023
Sunday, 18 June 2023
Euro After ECB Rate Hike: EUR/USD EUR/AUD EUR/GBP Price Setups
EUR could attempt to recoup some of the recent losses against some of its peers, thanks to ECB’s hawkish hike, oversold conditions, and a spate of underwhelming Euro area macro data. What are the key levels to watch in EUR/USD, EUR/GBP, and EUR/AUD?
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Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak
With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon.
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Markets Week Ahead: S&P 500 Gold US Dollar Powell BOE Japan Inflation RBA Minutes
BOE is expected to raise interest rates just as hopes of more stimulus from China gain momentum. Markets will be looking for cues from Powell’s speech for a justification of the dovish pricing.
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US Dollar Week Ahead: Bearish Bets Increase After Feds Hawkish Pause
The US dollar index’s (DXY index) fall below key support suggests the market seems to be at odds with the US Federal Reserve’s hawkish hold.
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Saturday, 17 June 2023
Gold Weekly Forecast: Gold (XAU/USD) Bears Fail to Find Acceptance Below 100-Day MA Where to Next?
Gold looks set to end a pivotal week with more questions than answers as market participants appear to be ignoring the Fed. Is a retest of $2000/oz on the cards?
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Euro Forecast: Bullish Breakout Signals Upward Price Trend Ahead for EUR/USD
Market skepticism over the Fed's plans to resume tightening and expectations that the ECB will have to do more in the coming months to tame inflation could push EUR/USD higher in the near term.
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Friday, 16 June 2023
Japanese Yen Outlook: USD/JPY Extends Upside after Dovish BoJ Decision
The Japanese yen weakened against the U.S. dollar after the Bank of Japan retained an ultra-dovish stance, with USD/JPY hitting fresh multi-month highs above 141.50.
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GBP/USD Update: Cable in the Pound Seat Ahead of CPI BoE
GBP/USD has put in a strong performance as markets downplay the Fed’s hawkish warnings. In contrast, Sterling is likely to remain supported into the CPI and BoE events
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Indices Continue to Rally Despite ECBs Eighth Consecutive Rate Hike
Outlook on FTSE 100, DAX 40 and S&P 500 as Fed and ECB stick to hawkish stance
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Thursday, 15 June 2023
Japanese Yen Slips as BOJ Keeps Policy Unchanged: Whats Next for USD/JPY?
JPY fell slightly against USD after BOJ maintained ultra-loose policy settings, especially the closely watched yield curve control (YCC) policy. What’s next for USD/JPY?
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Asia Day Ahead: Lingering Market Doubts on Feds Hawkish Guidance
Wall Street looks set to deliver its fifth consecutive week of gains, pushing ahead with another round of stellar gains overnight.
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EUR/USD Skyrockets After ECB Decision EUR/JPY Flies to 15-Year Highs
The euro strengthened broadly on Thursday following the ECB’s monetary policy announcement, with EUR/USD recapturing an important trendline and EUR/JPY surging to its best levels in 15 years.
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Wednesday, 14 June 2023
Bitcoin & Ethereum Slide as Fed Signals Higher Rates: BTC/USD & ETH/USD Price Setups
Bitcoin and Ethereum have broken below key support after the US Federal Reserve left interest unchanged on Wednesday but signaled higher interest rates by the end of this year. What’s next for BTC/USD and ETH/USD?
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Japanese Yen Drops After FOMC: Price Setups in USD/JPY AUD/JPY GBP/JPY
The JPY slipped against USD after the Fed signaled more rate hikes. Improving risk appetite and ultra-easy BOJ policy reinforce the bearish backdrop in JPY. What is the outlook for USD/JPY, EUR/JPY, and AUD/JPY?
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Australian Dollar Steadies on Jobs Data While China Slows. Where to for AUD/USD?
The Australian Dollar bounced after employment data today revealed a re-tightening of the labour market that might make the RBA’s July meeting ‘live’. Will AUD/USD go higher?
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High-for-longer rate outlook as takeaway from FOMC meeting: Gold Copper US dollar
The conclusion of the June meeting has seen the Fed keeping rates on hold in a widely-anticipated move, but a high-for-longer rate outlook seems to be on the horizon.
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New Zealand Dollar Dips on Soft GDP Data. Where to for NZD/USD?
The New Zealand Dollar ran lower after GDP printed below forecasts at 2.2% year-on-year to the end of May. Before the figures, Kiwi had been bought on a weakening USD. Will NZD/USD rally?
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US Dollar Falls Despite Hawkish Fed amid Skepticism of Higher Peak Rate Plans
The U.S. dollar falls despite the Fed’s hawkish policy outlook, as traders remain skeptical of policymakers' plans to resume rate hikes later this year, given the economic risks.
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Outlook on FTSE 100 DAX 40 and S&P 500 ahead of Wednesdays FOMC meeting.
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....