Monday, 24 July 2023

Euro Breaking News: Dreadful German PMI Pushes EUR/USD Below 1.11

The euro immediately sold off after German PMI’s missed forecasts ahead of the ECB’s highly anticipated rate announcement later this week.

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Sunday, 23 July 2023

US Dollar Holds the High Ground Ahead of Fed, ECB and BoJ Meetings. Higher USD?

The US Dollar ascendency got back on track last week as markets eye Wednesday’s Federal Reserve rate decision ahead of the ECB and the BoJ’s meetings. Will the DXY (USD) trend north?

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New Zealand Dollar Ahead of Fed Rate Decision; NZD/USD, AUD/NZD, EUR/NZD Price Setups

The New Zealand dollar is holding its recently established ranges against some of its peers. What is the outlook for NZD/USD, AUD/NZD, and EUR/NZD?

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Asia Day Ahead: Sentiment in Check Ahead of US Fed Meeting

The start of the new trading week could potentially bring about some indecision, before volatility picked up on the onslaught of big tech earnings and the FOMC meeting towards the latter half.

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Japanese Yen Slides as Speculation Mounts Ahead of BoJ Meeting. Where to for USD/JPY?

The Japanese Yen steadied to start the week after sinking going into last weekend with the US Dollar gaining traction across the board. The Fed and BoJ meet this week. Higher USD/JPY?

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Markets Week Ahead: Gold, Euro, USD, Yen Await Fed, ECB & BoJ; Big Tech Earnings Eyed

Interest rate decisions by the Federal Reserve, the European Central Bank and the Bank of Japan, as well as the results of technology companies, will steal the spotlight in the coming week.

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Saturday, 22 July 2023

Crude Oil Forecast: Prices Supported by Oil Fundamentals as FOMC Looms

Crude oil prices looks to US economic data for direction this week after 4th consecutive positive close for WTI.

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Friday, 21 July 2023

Euro (EUR/USD) Forecast – All Eyes on the Fed and ECB Next Week

This week’s US dollar rebound has hit EUR/USD hard and sent the pair tumbling back towards 1.1100 and potentially lower.

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AUD/USD Price Forecast: Aussie Dollar Dwindling Ahead of FOMC

AUD remains on the backfoot against the USD as markets prepare for the FOMC announcement next week, while technical analysis suggests further downside to come.

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Stock indices, except the FTSE 100, consolidate ahead of weekend

​Outlook on FTSE 100, DAX 40 and S&P 500 amid mixed U.S. earnings and strong UK retail sales.

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GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week period of Central Bank meetings?

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Thursday, 20 July 2023

Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

The Japanese yen was steady even as price pressures in Japan re-accelerated last month amid the growing view that inflation is peaking. What does this mean for USD/JPY, AUD/JPY, CAD/JPY, and MXN/JPY?

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Profit-Taking in Big Tech Overnight, as US Earnings Remain Centre Stage: US Dollar, Nikkei 225, AUD/JPY

Wall Street ended mixed overall, with further catch-up gains in value sectors as the DJIA delivered its nineth day winning streak.

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Dow Makes Progress and Nasdaq 100 Edges Lower, but Nikkei 225 Comes Under Pressure​​​​

​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens to negate the bullish view seen earlier in the week.

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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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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...