Monday, 11 September 2023

Gold Price at Make-or-Break Point with Trendline Resistance Up Ahead, XAU/USD Levels

Gold climbed on Monday on the back of a weaker U.S. dollar, but gains were limited as traders avoided taking large directional positions ahead of Wednesday's U.S. CPI data.

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AUD/USD, NZD/USD Soar on US Dollar’s Slump, Dead Cat Bounce Ahead of US CPI?

AUD/USD and NZD/USD rally on broad-based U.S. dollar weakness, ahead of a key U.S. inflation report that could spark volatility and set the tone for financial markets in the near term.

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Euro Outlook: Dollar Decline Lifts EUR/USD, EUR/GBP Consolidates

EUR/USD has begun the week on the front foot ahead the ECB meeting on Thursday while EUR/GBP drifts slightly lower, consolidating within the broader range

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Japanese Yen Forecast: USD/JPY Slips After BoJ Talk, EUR/JPY Eyes ECB Rate Decision

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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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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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...