Monday, 24 July 2023

Australian Dollar Surges on China Stimulus Pledge; AUD/USD, EUR/AUD, GBP/AUD Price Action

The Australian dollar surged against some of its peers after Chinese authorities pledged to stimulate the economy. What is the outlook for AUD/USD, GBP/AUD, and EUR/AUD?

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Hang Seng Index (HSI) Climbs on Stimulus Aspirations. Will China Drive HSI Higher?

The Hang Seng Index (HSI) found firmer footing after reports emerged that Beijing is looking to bolster its economy. Meanwhile, the US Dollar eased ahead of the Fed meeting.

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Is Gold’s Rebound Over Ahead of FOMC? XAU/USD Price Setups

Gold’s rally appears to be losing steam ahead of the US Fed, the ECB, and the BOJ policy meetings. What is the outlook on XAU/USD and what are the key levels to watch?

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EUR/USD and EUR/JPY Trend Hinges on Fed, ECB and BoJ Outlook; Volatility Ahead

EUR/USD and EUR/JPY could experience increased volatility ahead of key events later this week, including monetary policy announcements from the Fed, the ECB and the Bank of Japan.

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Japanese Yen Forecast: USD/JPY Fumbles Ahead of Fed and Bank of Japan Decision

The Fed and BoJ monetary policy announcement later this week will be key in determining the near-term directional bias of USD/JPY.

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GBP/USD Sinks as UK PMI Disappoints, EUR/GBP Eyes Bearish Continuation

Cable struggled this morning as UK PMI painted a concerning picture with rising interest rates clearly starting to take a toll on the UK economy. Tough job ahead for the BoE.

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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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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...