Tuesday, 29 August 2023

Stock Indices Track Asia Higher

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of today’s U.S. consumer confidence and job openings data.

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Pound Bulls Wary Ahead of Key US & EZ Data: GBP/USD, EUR/GBP

GBP/USD & EUR/GBP prices show pound resilience as markets keenly await US and euro data for guidance.

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Monday, 28 August 2023

More Pain Ahead for Crude Oil? Is the Rebound Over in Natural Gas?

Crude oil may have pulled back recently, but it is too soon to conclude that the nascent rebound is over. In contrast, the five-month-long rebound in natural gas appears to be cracking. What is the outlook and what are the key levels to watch?

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Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY

AUD is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesday. What is the outlook for AUD/USD, AUD/NZD, and AUD/JPY?

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Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD

Wall Street gained for the second straight day, as US Treasury yields took a breather after touching their recent highs.

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British Pound Forecast: GBP/USD Awaits NFP as GBP/JPY Cheers Ueda’s Dovish Views

This article delves into GBP/USD and GBP/JPY through a technical lens, dissecting pivotal support and resistance levels that warrant close observation during the upcoming trading sessions.

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XAU/USD Price Forecast: Gold Retains Gains Post-Powell

Gold prices look tentative this week ahead of key US economic data including GDP, Core PCE and NFPs. XAU/USD holds above $1900/oz.

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Sunday, 27 August 2023

Australian Dollar Boosted by Hang Seng Uplift on China’s Tweaks. Will AUD/USD Recover?

The Australian Dollar drifted higher today after China continued to announce measures to backstop a struggling economic outlook amid the Jackson Hole fallout. Where to for AUD/USD?

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US Dollar Flirts with Resistance After Powell; EUR/USD, GBP/USD, AUD/USD Price Action

The USD is holding gains against its peers after Powell warned of more tightening to bring down inflation to the 2% target. What is the outlook for EUR/USD, GBP/USD, and AUD/USD?

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Asia Day Ahead: Relief Rally to Start the Week Ahead of Key Macro Data

Wall Street managed to get through the Jackson Hole Symposium unscathed, despite a hawkish takeaway from Fed Chair Jerome Powell last Friday.

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Japanese Yen Slides on BoJ and Fed Commentary from Jackson Hole. Higher USD/JPY?

The Japanese Yen is pondering a potential new low today with the US Dollar gaining traction post-Jackson Hole. The Fed and BoJ remarks may add to speculation to bolster USD/JPY.

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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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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...