Tuesday, 20 June 2023

US Markets Return to Action Dow Futures Rise Nasdaq 100 Trades Sideways CAC 40 Gains

​​The return of US markets has seen some buying activity this morning, lifting the CAC40 and Dow off their overnight low while the Nasdaq 100 continues to consolidate. ​

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AUD/USD Price Forecast: Aussie Sinks on Lackluster RBA and Chinese Rates

AUD/USD is trading 0.6% lower as the European session begins after RBA minutes and China’s LPR cuts did little to support he Aussie dollar.

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Monday, 19 June 2023

EUR/USD Outlook: ECB Hawks Welcome Further Hikes but for How Long?

Central bankers have had their say on the likelihood of further hikes but ECB Chief Economist refuses to look past a July hike, stating a preference for data dependency

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USD/ZAR: Price Forecast: Rand Rally Possibly Fading

USD/ZAR faces a quiet trading day today as US markets are closed. Rand traders now keep close eyes on the upcoming SA CPI print on Wednesday.

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GBPUSD Lower But Well Supported As Markets Expect BoE Hike

The Pound has struggled to make further gains after soaring last week, but is showing no sign of reversal.

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Oil Price Forecast: WTI and Brent Face Challenges as Chinese Economy Remains in Focus

Oil prices eye further gains as market participants weigh up potential stimulus from the PBoC. Can oil prices ignore the noise and tick higher?

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FTSE DAX S&P 500 Outlook: Indices Begin Week on a More Cautious Note

Outlook on FTSE 100, DAX 40 and S&P 500 following last week’s Fed, BoE and BoJ monetary policy meetings.

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GBP/USD Price forecast: BoE Eyes UK CPI Ahead of Rate Decision

GBP/USD holds steady going into a data heavy week with the recent pound rally looking to be slowing.

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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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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...