The minutes of the Federal Reserve's June meeting showed that the central bank believes additional monetary policy tightening may be warranted to bring inflation back to the 2.0% target.
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Wednesday, 5 July 2023
Gold Price Outlook: Technical Levels for Gold and Silver Analysed
Gold and silver prices appear to be making a recovery but, in an environment, where US interest rates are expected to rise further, how much room to the upside is left?
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FTSE 100 DAX 40 and S&P 500 on a Negative Footing
Outlook on FTSE 100, DAX 40 and S&P 500 as the US re-opens after its Independence Day holiday
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AUD/USD Price Forecast: PMIs Hurt Aussie Dollar Ahead of FOMC Minutes
AUD/USD bears begin the day in charge but with FOMC minutes to come, will we see a breakout from the developing ascending triangle pattern?
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Tuesday, 4 July 2023
Crude Oil Range Bound Ahead of OPEC Gathering and FOMC Minutes
Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes may also provide some volatility.
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Asia Day Ahead: Focus on FOMC Minutes as US Markets Reopen After Holiday
With the US markets back online from the Independence Day holiday, market focus will be on the FOMC minutes ahead.
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Q3 Top Trade: Short EUR/GBP as A Hawkish BoE and Price Action Support Further Downside
EURGBP looks well on its way to print fresh lows in Q3 as the Bank of England faces the toughest challenge out of all the major Central Banks. 0.8200 incoming?
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Gold Price Steadies with US Dollar Sidelined but an RBA Pause Sinks AUD/USD
The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not to hike rates.
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Monday, 3 July 2023
Australian Dollar Dips After RBA Pause on Hike Cycle. Will AUD/USD Go Lower?
The Australian Dollar collapsed after the RBA decided to keep the cash rate unchanged at 4.10%. The inflation gauges are now on centre stage for future rate moves. Where to for AUD/USD?
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Euro Ahead of US Jobs Data: EUR/USD EUR/AUD EUR/GBP Price Setups
The euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?
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Asia Day Ahead: Soft Start to the New Quarter; Key Focus on RBA Rate Decision
Major US indices drifted higher on lighter volume to deliver a positive start to the new quarter, as we head into the Independence Day holiday.
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Q3 Top Trade Opportunity: US Dollar May Extend its Rally Against the Chinese Yuan in the Third Quarter
The US Dollar may continue pressuring the Chinese Yuan in the third quarter with global growth still vulnerable to central banks that are keeping monetary policy tight
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Q3 Top Trade: S&P 500 Vulnerable to Pullback on Weak Fundamentals and Frothy Markets
The S&P 500 has rallied significantly in recent months, but could face serious challenges in the third quarter, especially if fundamentals worsen on hawkish monetary policy.
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USD/JPY Price Outlook: Carry Trade Continues Despite Intervention Talk
The Japanese yen remains an outlier within the G7 FX space as long as ultra-loose monetary policy appears to have no end in sight. Japan officials talk up ‘intervention’
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FTSE 100 DAX 40 and S&P 500 begin new quarter on positive footing
Outlook on FTSE 100, DAX 40 and S&P 500 as a new month and quarter begin.
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XAU/USD Price Forecast: Quiet Start for Gold Manufacturing PMI in Focus
Gold prices trade slightly lower this morning as markets keenly await key US economic data throughout the week.
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Sunday, 2 July 2023
Australian Dollar Buoyed by Solid Data Locally and in China. Higher AUD/USD?
The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays may see skittish trading conditions.
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S&P 500 Nasdaq Ahead of US Jobs Data: No Sign of a Reversal
The uptrend in the S&P 500 and the Nasdaq 100 index is intact. However, there are some signs of fatigue emerging, especially on the technology-heavy index. What is the outlook and what are the key levels to watch?
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Asia Day Ahead: Lighter Start to the Week but Risk-On Prevails
The second quarter has concluded with a further pull-ahead in risk sentiments last Friday, with the S&P 500 closing at its highest level in 14 months.
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Markets Q3 Outlook: Gold Oil S&P 500 US Dollar Euro Pound Yen AUD BTC
Market dynamics could change and become hostile for some assets and friendlier for others in the coming months as major central banks extend their tightening campaign. Check out DailyFX team's trading forecasts for the third quarter.
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