Brent crude oil prices look to next week with forward momentum as markets await further information from OPEC their production projections for September.
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Saturday, 29 July 2023
Friday, 28 July 2023
Dax Hits New Intraday Record, Dow Edges Higher, Nikkei Holds on After BoJ Decision
The Dax rallied to a fresh intraday high yesterday, while the Dow is moving up once more. The Nikkei rallied off its lows after the mixed signals created by the BoJ’s latest policy decision.
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AUD/USD Price Forecast: Double Top Breaks Aussie Dollar
AUD has suffered at the hands of a strengthening US dollar while Australian retail sales shows a slowing economy as rates hamper consumer spending.
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Thursday, 27 July 2023
US Dollar in the Crosshairs as BoJ Tilts Post ECB and Fed Decisions. Lower USD/JPY?
The US Dollar ascendency got back on track after a tumultuous few trading sessions that has seen most of the major global central banks have their say of the future of monetary policy.
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Japanese Yen Drops as BOJ Keeps Policy Unchanged: What’s Next for USD/JPY?
The Japanese yen dropped against the US dollar after the Bank of Japan's (BOJ) kept its ultra-loose policy settings and maintained the cap on the JGB 10-year yield. What’s next for USD/JPY?
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Cautious Risk Tone, with Chatters of a Policy Adjustment from the BoJ: USD/JPY, Nikkei 225, EUR/JPY
A jump in Treasury yields kept the pressure on risk sentiments, driven by stronger-than-expected US economic data and chatters of a policy adjustment from the Bank of Japan (BoJ).
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USD/JPY in Turmoil, Rumors of Possible BoJ YCC Tweak Sends Yen Soaring
USD/JPY slumps following reports that the Bank of Japan could tweak its yield curve control program at its July monetary policy meeting, as part of a strategy to start moving away from its ultra-loose stance.
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US Dollar Weakens Ahead of ECB decision and US Q2 GDP Data
After an uneventful FOMC meeting and press conference, a popular dollar benchmark heads lower as traders eye the ECB interest rate announcement
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European Central Bank (ECB) Preview: 25bps and Done or More Hikes in the Offing?
With a 25bps hike largely expected and priced in by market participants, will the ECB shift to data dependency moving forward as recessionary fears rise. Let’s take a look at what to expect.
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Wednesday, 26 July 2023
US Equity Indices Post FOMC: Nasdaq, S&P 500, Dow Price Setups
US equity indices were largely flat, hovering around year-to-date highs after the Fed hiked interest rates by the widely expected quarter percentage point. What’s next for the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq 100 index?
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US Dollar Slips After Fed Rate Hike: What Has Changed for EUR/USD, GBP/USD, USD/JPY?
USD slipped but held well within the recent range after the Fed hiked interest rates by the widely expected 25bps and on balance kept its options open for further tightening. What does this mean for EUR/USD, GBP/USD, and USD/JPY?
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Asia Day Ahead: Lukewarm Reaction to Fed Meeting
The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.
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EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook
The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.
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USD/JPY, EUR/JPY Delicately Poised Ahead of Central Bank Week
The Yen enjoyed a slight uptick to start the week. Will the Fed and ECB rate decisions increase the likelihood of FX intervention by the BoJ?
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Tuesday, 25 July 2023
Could the Fed Trigger a Deeper Retreat in Bitcoin & Ethereum? BTC/USD & ETH/USD Price Action
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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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...