Sunday, 27 August 2023

Markets Week Ahead: US Dollar, Gold, Euro, NFPs, Key Fed Inflation Gauge, China PMI

The US Dollar mostly outperformed against its major peers as gold prices managed to push higher. Ahead, all eyes are on the Fed’s preferred inflation gauge, US non-farm payrolls and Chinese manufacturing PMI. What else?

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Friday, 25 August 2023

Yen Price Outlook: USD/JPY Upside Back in Play, EUR/JPY Vulnerable

USD/JPY receives bullish boost ahead of Powell’s Jackson Hole speech which contrasts EUR/JPY fortunes which may extend on recent dovish ECB revelations

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Euro (EUR) Latest: EUR/USD Hit by Dollar Strength, EUR/GBP Bounces Off Support

The single currency is struggling against a robust US dollar ahead of Fed chair Jerome Powell’s keynote speech later today.

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Stock indices give back gains ahead of Fed Chair speech​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of today’s Jackson Hole Symposium Jerome Powell speech.

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Gold (XAU/USD) Holds High Ground Despite the DXY Advance, Where to Next?

Spot Gold has held onto early week gains despite the US Dollar continuing to show strength this week. Will Fed Chair Powell add fuel to the renewed appetite from Gold Bulls?

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Thursday, 24 August 2023

De-risking ahead of Fed Chair’s Jackson Hole speech: Brent crude, AUD/JPY, EUR/USD

Nvidia’s stellar results hit with a sell-the-news market reaction, as market participants de-risk ahead of Fed Chair Jerome Powell’s Jackson Hole speech later tonight.

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USD/JPY Claws Back Up, Jackson Hole Focus Trumps Durable Goods Weakness

The US Dollar remained higher for the day against the Japanese Yen despite some disturbing weakness in the data

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Gold (XAU/USD) and Silver (XAG/USD) Latest Price Outlooks

Gold continues to push higher this week after global bond yields fall sharply. Markets are growing increasingly concerned that global economic growth is faltering

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Oil Prices Stabilize Ahead of Powell’s Jackson Hole Speech on Friday

Declining US yields and the US dollar have helped oil prices recover some of the recent losses. Greater-than-expected EIA crude drawdowns help lift US crude

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EUR/GBP Forecast: Consolidation to Prevail Following Whipsaw Price Action

EUR/GBP failed to hold below the 0.8500 psychological level as consolidation looks set to return. Adjustments to rate hike probabilities do appear to favor further downside over the medium-term.

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Wednesday, 23 August 2023

US Indices’ Upside Could be Capped: S&P 500, Nasdaq Price Setups

US indices may have rebounded in recent days, thanks to earnings and the retreat in US yields. But the deep decline since last month has left a scar on the broader uptrend, one that could be hard to fill soon.

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US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price Setups

There are growing signs that USD could be in the process of making an interim top. To be fair, this wouldn’t necessarily imply that the uptrend is over. What’s next for EUR/USD, GBP/USD, and AUD/USD?

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Crude Oil Price Loses Grip as Despite Optimism Taking Hold. Where to for WTI?

Crude oil prices are under pump going into Thursday’s trade and ahead of the Fed’s Jackson Hole symposium later today. If the Fed messages a more hawkish posture, will that sink WTI?

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Crude Oil Prices Lower Again As Markets Fret Chinese Demand

A slowing Chinese economy and the chance of ‘higher for longer’ US interest rates doesn’t make a bullish mix for oil prices

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Gold Price Outlook: XAU/USD Gains as Yields Ease Ahead of Jackson Hole

Gold has shown an increasing correlation to elevated yields and the dollar, weighing on the metal over the longer-term. Recent dips in yields provides short-term relief

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EUR/USD Slides as Euro Area PMI Gives ECB Reason to Pause

Euro Area PMI data came in below expectations which is likely to fuel talk of a pause from the ECB in September. Eyes now on Christine Lagarde at Jackson Hole for more guidance.

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Tuesday, 22 August 2023

Is the Rally Over in Bitcoin & Ethereum? BTC/USD & ETH/USD Price Setups

The upward pressure has eased in Bitcoin and Ethereum after the recent sharp fall. However, the fall isn’t sufficient to conclude that this year’s rally is over. What is the outlook and the key levels to watch?

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Asia Day Ahead: Elevated Yields, Weaker Wall Street Handover Keeps Wait-and-See in Place

Despite a resilient start to the week, Wall Street did not manage to find much follow-through overnight, as elevated Treasury yields and the lack of further heavy-lifting by Nvidia kept a cautious tone in place.

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Gold Price Steadies Despite Treasury Yields and US Real Yields Rising. Lower XAU/USD?

The gold price inched higher today as markets consider the consequences of swelling Treasury yields ahead of the Federal Reserve’s Jackson Hole conclave. Where to for XAU/USD?

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Jackson Hole Preview: Where to Next for the Fed?

The Jackson Hole Economic Symposium will be in focus this week as interest rates, inflation and labor markets are likely to be key themes for the Federal Reserve.

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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...