Cable puts in modest gains to start the week buoyed by a weaker Dollar Index (DXY). Will Central Bankers at Jackson Hole provide a catalyst for a breakout?
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Monday, 21 August 2023
Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low
Outlook on FTSE 100, CAC 40 and Nasdaq 100 as the People’s Bank of China seeks to strike a balance between helping the faltering economy and stemming further weakness in the yuan
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Sunday, 20 August 2023
Euro Steadies as Hang Seng Tanks on PBOC’s Shallow Cut. Lower EUR/USD?
The Euro eked out small gains to start the week as the US Dollar adjourns it bull run while China’s stimulus measures fall short of expectations. Will EUR/USD support hold?
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New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups
NZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlook for NZD/USD, AUD/NZD, and GBP/NZD?
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US indices attempt to stabilise, while China’s loan prime rates delivered more modest response: Nasdaq 100, Hang Seng Index, US dollar
Major US indices were subdued to end last Friday, but nevertheless, it reflected an attempt to stabilise following three straight days of heavy losses.
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Crude Oil Price Wanes with a Higher US Dollar and Treasury Yields. Where to for WTI?
Crude oil prices are slightly softer to start the week with the market looking for a rate cut from the PBOC today to boost China’s economic prospects. Will WTI steady on a better outlook?
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Markets Week Ahead: Gold, US Dollar, Nasdaq 100, Treasury Yields, Jackson Hole, China
Surging Treasury yields pushed down gold prices as the US Dollar outperformed and equity markets wobbled. Ahead, all eyes are on the Fed’s Jackson Hole Symposium as markets continue watching economic developments out of China.
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XAU/USD Price Forecast: Is the Tide Turning for Gold?
Gold prices looks to a big data week that includes the Jackson Hole Economic Symposium as XAU/USD bulls look to find some respite.
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Friday, 18 August 2023
EUR/USD Price Forecast: Battered Euro May Be in for More Pain
The euro has slumped further ahead of a massive data week next week. EUR/USD now eyes channel support around the 1.0834 handle.
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Bitcoin (BTC), Ethereum (ETH) Slump to Multi-Month Lows, Volatility Back With a Vengeance
After weeks of sideways, low vol trade, Bitcoin and Ethereum slumped 8%+ in minutes as sellers took complete control of the market
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EUR/GBP, GBP/USD Update: GBP Slides as UK Retail Sales Disappoints
UK retail sales disappoints following a wet July dragging the British Pound lower in early European trade. More gains in store for the GBP against the Euro and Greenback?
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Stock Indices Hit by More China Property Woes
Outlook on FTSE 100, CAC 40 and Nasdaq 100 as Evergrande files for bankruptcy protection in the US as the real estate crisis in China deepens.
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USD/JPY Drops as Evergrande Bankruptcy Application Spurs Safety Bid
Japanese inflation remained elevated but broadly inline with consensus. However, news out of China sees a lift in the yen as investors tap into US treasuries as sentiment sours
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Thursday, 17 August 2023
US Indices’ Rally is Cracking: S&P 500, Nasdaq Price Action
The upward pressure in the S&P 500 and the Nasdaq 100 index is finally fading -- at least for now. How much more downside for US indices?
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Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?
The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower XAU/USD?
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British Pound (GBP) Strength Seen in Latest GBP/USD and EUR/GBP Price Action
The British Pound is holding its own against a resurgent US dollar and is pushing ahead against the Euro. Higher UK bond yields underpin the move.
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USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation?
The Yen continues to struggle with the FOMC minutes leaning on the hawkish side. USD/JPY and EUR/JPY bulls remain firmly in control despite the potential for short-term pullbacks.
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Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify
Indices have seen further selling, with no end to the pullback yet in sight.
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XAU/USD Forecast: Real Yields Continue to Suppress Gold Prices
Gold prices look to recover after the recent sharp selloff but will need real yields to provide some assistance by pushing lower.
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Wednesday, 16 August 2023
HK/China Equities Test the Line in the Sand; Hang Seng, CSI 300 Price Setups
China/Hong Kong equities are testing crucial support areas that could define the trend for the next few weeks, possibly months. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?
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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 ...