Bitcoin and Ethereum both picked up a small bid after unsubstantiated rumors that a BTC ETF approval is likely soon. Both however remain stuck in a small range.
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Friday, 8 September 2023
FTSE 100, DAX 40 and S&P 500 Try to Stabilize After a Tough Week
Outlook on FTSE 100, DAX 40 and S&P 500 amid rising US dollar, treasury yields and oil price.
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Gold Price Update: Unchallenged US Dollar Set to Weigh on Gold Upside
The dollar, alongside US yields, has produced another move higher – potentially limiting gold’s upside potential ahead of US CPI data next week
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Thursday, 7 September 2023
Asian Indices Look for Upward Momentum: Hang Seng, Kospi, Straits Times Index Setups
The tables haven’t turned yet for HSI, while the odds that Kospi may have peaked are growing, just as Singapore’s FTSE STI index seeks direction. What is the outlook for some of the Asian indices?
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USD/CAD Price Forecast: Bullish Momentum Faces Stern Resistance
Recent US data has pushed the US dollar even higher, extending USD/CAD gains while the BoC opted to pause rates. Bullish momentum stalls at significant resistance level
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Euro (EUR) Price Latest: Euro Area Q2 GDP Downgraded, EUR/USD Probing 1.0700
The Euro Area is struggling to expand, according to the latest Eurostat data, leaving the single currency at the mercy of a strong US dollar
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Dow, Nasdaq 100 and CAC40 All Come Under Selling Pressure
Indices have seen bullish momentum slip away, as concerns about renewed rate hikes hit risk appetite.
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GBP/USD Price Forecast: Pound Breakdown Post-BoE & UK Housing Data
GBP prices slumped this morning after the Halifax house price index reports showed property prices missing estimates. GBP/USD now below 1.25.
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Wednesday, 6 September 2023
Euro Holds Ground Ahead of ECB as US Dollar Flexes. Where to for EUR/USD?
The Euro backed away from recent lows today with the US Dollar ascendency taking a breather. The ECB meet week and the market is uncertain about a hike. If they do, will EUR/USD rally?
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Real Yields Continue to Cast Shadow Over Gold: XAU/USD Price Action
Gold is restarting to feel the heat of rising US real yields following upbeat US data in the past couple of days. What is the outlook and what are the key levels to watch in XAU/USD?
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Crude Oil Price Makes New Peak on Supply Cuts and Inventory Run Down. Higher WTI?
Crude oil prices launched to a 10-month high overnight as OPEC+ supply cuts are extended, and US stockpiles continue to shrink while the structure of the market appears at a crossroads.
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XAU/USD Price Forecast: Gold On the Cusp of Another Breakdown
Gold prices could be in for more pain as oil prices add to reflation worries. XAU/USD now looks to US ISM services PMI.
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Tuesday, 5 September 2023
Euro Slides as US Dollar Dominates Again on Lofty Treasury Yields. Lower EUR/USD?
The Euro sunk to new lows after the US Dollar ascendency got back on track, boosted by rising Treasury yields and high energy prices. If WTI goes higher, where to for EUR/USD?
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Asia Day Ahead: Australia’s GDP Outperforms, Nikkei Eyeing Break of Bullish Flag
US indices started the week on a more subdued tone, with a jump in oil prices to a new 10-month high not providing much reassurances for the global inflation outlook.
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Australian Dollar Falls as GDP Slows; How Much More Downside for AUD/USD?
AUD after the Australian economy slowed in the second quarter, reinforcing the view that the RBA is done with hiking interest rates. What is the outlook for AUD/USD?
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US Dollar Soars as Yen Sinks on Burgeoning Yield Differential. Higher USD/JPY?
The US Dollar raced to new heights overnight with Treasury yields pushing north, exasperating the spread to JGBs. If the gap widens, will USD/JPY make a new peak?
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Australian Dollar Outlook: AUD/USD in Peril as Sentiment Data Signals Weakness
AUD/USD sinks and flirts with major breakdown following disappointing data from China. Market positioning indicates the potential for further declines in the near term.
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Gold and Silver Latest – Stronger US Dollar Weighs on XAU/USD and XAG/USD
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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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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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 -...