This week’s drop makes Bitcoin and Ethereum vulnerable to any hawkish tone from the FOMC meeting later Wednesday. What are the key levels to watch in BTC/USD and ETH/USD?
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Tuesday, 25 July 2023
Crude Oil Price Eases After Solid Rally as US Dollar Eyes the Fed Ahead. Higher WTI?
Crude oil dipped slightly to start Wednesday as the market looks to the Fed meeting later today for hints on the direction of the US Dollar and Treasury yields. Where to for WTI?
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US Dollar Scenarios Ahead of Fed Rate Decision: EUR/USD, GBP/USD, USD/JPY Price Setups
The US dollar has rebounded slightly against its peers ahead of the key US Federal Reserve interest rate decision later Wednesday. What are the potential scenarios for EUR/USD, GBP/USD, and USD/JPY?
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Australian Dollar Sinks on Benign CPI Data. Where to for AUD/USD?
The Australian Dollar ran lower immediately after headline CPI printed at 6.0% year-on-year to the end of June, taking the heat out potential hikes by the RBA. Will AUD/USD rally?
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Fed Preview: Gold Prices and US Dollar’s Outlook Hinges on Powell’s Guidance
The Fed is expected to raise rates by 25 bp to 5.25%-5.50% at the end of its July meeting, but guidance is likely to be more important to the U.S. dollar and gold's prospects than rate hike itself, which is already fully priced in.
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GBP/USD Price Forecast: Fleeting Pound Recovery?
GBP has been knocked back by weak UK economic data while the Fed looks to tighten its monetary policy once more. More downside to come for the pound?
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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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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...