The US dollar is pushing higher after a long weekend and that is pressing down on the price of gold and silver
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Tuesday, 5 September 2023
Monday, 4 September 2023
Bitcoin & Ethereum Influenced by Thick Cloud Cover; BTC/USD & ETH/USD Price Setups
Bitcoin and Ethereum are testing crucial support levels that could define the trend for subsequent weeks. What is the outlook and the key levels to watch?
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Australian Dollar Languishes Near Lows After RBA Pauses Again. Lower AUD/USD?
The Australian Dollar dithered after the RBA decided to keep the cash rate unchanged at 4.10% as the bank prepares to pass the Governor's baton. Where to for AUD/USD?
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US Dollar Struggles at Resistance Amid Softening Data; EUR/USD, GBP/USD, USD/CAD
The recent struggle at key resistance reinforces the view that the US dollar’s (DXY Index) rally is losing steam as recent data eases concerns that the US economy is resurging. What’s next for the greenback?
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Asia Day Ahead: RBA rate decision ahead, VIX hovers near year-to-date low
Today will leave the Reserve Bank of Australia (RBA) rate decision on watch, with focus on whether recent inflation progress is sufficient to soften the RBA’s hawkish stance.
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Gold Price Steadies as US Real Yields Offset by Potential BRIC Demand. Lower XAU/USD?
The gold price has seen some sideways price action as the market contemplates a bullish and bearish case with the potential influence of BRIC countries outweighing historic fundamentals.
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Pound (GBP) Update: Sterling Reinforces Range Trading Tendencies
The pound seems to favour choppy, sideways price action. This has been evident for EUR/GBP for some time but now appears in GBP/USD after trendline breakdown
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USD/ZAR Price Forecast: Rand Weakness Brings R19/$ Back Into Focus
Rand weakness pushes USD/ZAR towards key resistance zone ahead of key SA and US economic data this week.
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EUR/USD Price Forecast: Euro Upside Could be Temporary
The euro looks to reestablish itself against the US dollar but weak German export data could see EUR/USD heading towards 1.07 once again.
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Sunday, 3 September 2023
Crude Oil Flies High with Markets Eyeing a Fed Pause. Will WTI Go Higher?
The crude oil price has been steady today after surging last week on supply woes. With the US on holiday today, conditions in some markets might see less liquidity. Where to for WTI?
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Japanese Yen’s Slide Pauses but for How Long? USD/JPY, EUR/JPY, MXN/JPY Price Setups
The retreat in US Treasury yields amid a scaling back in US Federal Reserve rate hike expectations this year appears to have put a lid on USD/JPY.
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US Holiday Today but Focus Could be on China, Russell 2000, USD/JPY and Brent Crude
The US jobs data released last Friday displayed signs of softening in the US labour market, while Wall Street continues to catch a breather from its recent rally.
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Australian Dollar Steadies Ahead of RBA and GDP. Will AUD/USD Get a Grip?
The Australian Dollar has been battling to lift off the mid-August low but the recent rally might be constructive for it as it seeks to move back into a range trading environment.
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Markets Week Ahead: US Dollar, Gold, Crude Oil, AUD/USD, USD/CAD, RBA, BoC
The US Dollar broadly underperformed as gold prices soared. Ahead, the Australian and Canadian Dollars are eyeing the RBA and BoC, respectively. Will crude oil prices extend a winning streak and what else is in store for markets in the week ahead?
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Friday, 1 September 2023
British Pound Latest: GBP/USD Slips Going Into the Weekend, EUR/GBP Little Changed
The latest US Jobs Report nudged the US dollar against a range of G7, while updated ONS data shows the UK economy in better fettle than previously thought.
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August Jobs Report: Payrolls Rise by 187K, Setting Gold and USD on Opposite Paths
The U.S. labor market continued to show strength in August by adding 187,000 jobs, slightly above expectations. This indicates that significant layoffs have not yet become widespread, highlighting the economy's enduring resilience.
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S&P 500 Outlook: Can NFP Propel US Stocks Back to Yearly Highs?
early indications of a softer US labour market point to an underwhelming NFP report later today. The knock-on effect will be felt in stocks which have clawed back recent losses
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GBP/USD, Dollar Index (DXY) Hold Above Support Ahead of Key US Data Releases
The Bank of England (BoE) is facing growing challenges heading toward the September meeting, as uncertainty around the Fed swirls as well. Will todays US data provide some clarity for the pair?
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Indices on Track for Second Week of Gains: FTSE 100, Nasdaq 100, DAX 40
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of today’s US Non-Farm Payrolls.
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Bitcoin (BTC), Ethereum (ETH) Slide as SEC Postpones ETF Decision, US Jobs Report Now Key
The SEC pushed back making a decision on a handful of spot Bitcoin ETF applications until mid-October, leaving BTC/USD vulnerable to a further bout of weakness
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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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