The Japanese Yen picked up a small bid after a weekend article suggested that the Bank of Japan (BoJ) may soon review its ultra-loose monetary policy.
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Monday, 11 September 2023
GBP/USD Price Forecast: Anticipation Ramps Up for Pound Traders
GBP prices are attempting a comeback ahead of key economic data later this week.
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Nikkei 225 Under Pressure on Hawkish BoJ but FTSE 100, DAX 40 Positive
Outlook on FTSE 100, DAX 40 and Nikkei amid improving sentiment on hopes of soft US landing.
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Gold Rallies into Key Resistance, Will the 50-day MA Cap Further Upside?
Gold starts the week on the front foot as the Dollar Index takes a breath. Will the idea of a 'soft landing' and a drop in US inflation help Gold bulls facilitate a renewed push toward the psychological $2000/oz mark?
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Sunday, 10 September 2023
US Dollar on the Ropes with Yen Leading the Way. AUD, NZD and GBP Piled In
The US Dollar retreat kicked off on Monday after hawkish comments from BoJ Governor Ueda sent USD/JPY tumbling before the broader DXY (USD) index took a hit. Lower USD?
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Asia Day Ahead: Cautious mood ahead of US CPI, JPY on watch amid BoJ’s Ueda comments
Major US indices attempted to stabilise towards the end of last week, but gains remained feeble with de-risking in tech and concerns of a resurgence in inflationary pressures.
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Japanese Yen Rallies on Bank of Japan’s Ueda Comments. Will USD/JPY Reverse?
The Japanese Yen found firmer footing today with BOJ Governor Ueda opening the prospect of further adjustments to the bank’s monetary policy. Have we seen the peak in USD/JPY?
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Markets Week Ahead: Euro, ECB, US Dollar, Gold, Treasuries, US CPI, AUD/USD, Jobs Data
The Euro fell for 8 consecutive weeks, will a 9th spell the longest losing streak since 1997 with the ECB due? Meanwhile, the US Dollar, gold and Treasuries await likely mixed US CPI data. AUD/USD faces Australian jobs data. What else?
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Friday, 8 September 2023
USD/JPY Price Forecast: Yen Ready to Take on USD According to Japanese Officials
USD/JPY is approaching intervention territory as the pair heads towards the 150 mark. Upcoming US CPI is likely to provide short-term directional guidance this week.
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USD/CAD Dips on Solid Canadian Data but Broader Outlook Tied to US Inflation
USD/CAD slides in reaction to strong employment growth in Canada, yet the broader direction of the pair could be more closely tied to the forthcoming U.S. inflation report next week.
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EUR/USD Price Forecast: Euro Teeters at 1.07 Ahead of ECB Rate Announcement
The euro tries to defy a break below 1.07 as euro area economic data continues to paint a bleak picture. EUR/USD could be in for more pain if the ECB does not raise rates.
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Bitcoin and Ethereum Price Latest – ETF ‘Noise’ Gives BTC/USD and ETH/USD a Bid for Now
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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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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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 -...