Thursday, 20 July 2023

EUR/USD Price Forecast: Euro Fading Into Central Bank Week?

The euro looks to be running out of steam despite persistent high inflation ahead of next weeks ECB and FOMC announcements.

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Wednesday, 19 July 2023

Crude Oil Steadies as Markets Assess US Dollar Direction. Will WTI Regain High Ground?

The crude oil price decent pause to start Thursday’s session as markets assess energy demand with China leaving rates unchanged. If the US Dollar resume sliding, can WTI break the range?

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What’s Changed for British Pound After UK CPI? GBP/USD, EUR/GBP, GBP/AUD Price Setups

The British pound looks set to retreat slightly against its peers following evidence that price pressures in the UK are finally moderating from elevated levels. What’s next for GBP/USD, GBP/AUD, and EUR/GBP?

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Asia Day Ahead: Mixed Showing in Asia as Markets Digest NFLX, TSLA Earnings

After-market earnings releases from Netflix and Tesla have brought about a mixed showing in US equity futures this morning.

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Australian Dollar Leaps on Hot Jobs Data Ahead of CPI. Where to for AUD/USD?

The Australian Dollar jumped higher after employment data today revealed a re-tightening of the labour market that might put pressure on the RBA at its August meeting.

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Australia Roundup: ASX 200 Rises on Weaker AUD, Iron Ore Reversal Potential

The Australian dollar has pared back much of the recent gains when the dollar sold off aggressively. Positive earnings in the US underpin global risk appetite for now

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Stock indices continue to rise on solid U.S. earnings and weaker UK CPI

Outlook on FTSE 100, DAX 40 and S&P 500 amid better-than-expected U.S. earnings and slowing UK inflation.

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UK (GBP) Breaking News: UK CPI Miss Troubles Pound

GBP weakened against both the USD and EUR this morning after UK inflation figures fell further than expected.

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Tuesday, 18 July 2023

Euro Ahead Euro Area CPI: EUR/USD, EUR/AUD, EUR/JPY Price Setups

The euro is testing the top end of the recent range against some of its peers ahead of the key Euro area inflation data later Wednesday and next week’s key central bank meetings. How EUR/USD, EUR/JPY, and EUR/AUD look?

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Gold Jumps After Tepid US Retail Sales; What’s Next for XAU/USD After Reverse H&S Target Met?

Gold jumped after US retail sales rose less than expected in June which weighed on US Treasury yields and the greenback. How much more for gold to rise?

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Catch-up Gain in Value Sectors Overnight, Focus Remains on US Earnings: DJIA, NZD/USD,GBP/USD

Better-than-expected earnings results from major US banks provided the go-ahead for the Wall Street rally to continue, with some catch-up gains in the value sectors.

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New Zealand Dollar Soars as Inflation Beat Drives More RBNZ Tightening Bets

The New Zealand Dollar may rise after stronger local inflation data inspired traders to price in another RBNZ rate hike later this year. Where to for NZD/USD?

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US Dollar Dancing on Horizontal Support ahead of Fed Decision Next Week

After a sharp drop during the first half of the month, the U.S. dollar has stalled in recent days, with prices in consolidation mode around key technical support as traders await new market drivers.

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Monday, 17 July 2023

S&P 500 Outlook Over Next 1-2 Months: Broadening Participation Points to Further Gains

Improving market breadth points to further gains in the S&P 500 index in the coming weeks as the earnings season picks up steam. What is the one-month and two-month outlook for the S&P 500 index?

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Euro Ekes Out Gains as the US Dollar Reins in the Bears for Now. Where to for EUR/USD?

The Euro printed a new high despite the US Dollar pausing in its descent going into Tuesday’s session with next week’s ECB and Fed meetings moving into view. Will EUR/USD reverse?

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British Pound Ahead of UK CPI: GBP/USD, EUR/GBP, GBP/JPY Price Action

The British pound is holding on to its recent gains ahead of the key UK inflation data as speculative long GBP positioning is at its highest level since 2014. How do GBP/USD, GBP/AUD, and EUR/GBP look?

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Sentiment Awaiting Cues from Key US Earnings Releases Ahead: Brent crude, AUD/JPY, Natural Gas

Wall Street started the new trading week on a positive footing, as risk appetite rose ahead of several key earnings releases this week.

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Crude Oil Price Rolls Over on China Growth Woes and Libya Re-open. Lower WTI?

Crude oil prices are teetering lower after China’s GDP missed estimates and Libya reopened several oil fields. WTI has retreated back into the range, will this pattern persist?

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S&P 500 Outlook: Make or Break Week for Stocks ahead of Netflix, Tesla Earnings

The S&P 500 begins the week on the front foot, notching its best close in 2023 ahead of this week's key corporate earnings reports, which include results from Netflix and Tesla.

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USD/CNH, Copper Outlook: Worrisome Chinese Data Takes Hold

Lackluster Chinese Q2 GDP data paints a worrying picture for Chinese related assets including copper. USD/CNH bullish momentum in doubt after US dollar selloff

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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...