Tuesday, 12 September 2023

Gold Price Slips as US Dollar Recovers Ahead of US CPI. Lower XAU/USD?

The gold price edged lower overnight as the market contemplates US Dollar direction and US CPI with the potential to impact Treasury and real yields. Is XAU/USD range bound for now?

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Australian Dollar Outlook: AUD/USD Falls, Yet Bullish Double Bottom Holds Promise

AUD/USD was muted on Tuesday, unable to consolidate Monday's gains, but continued to forge a double bottom pattern that may have bullish implications for the exchange rate if confirmed.

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US Dollar Up as Oil Soars, Nasdaq 100 Dips Pre-US CPI - How to Trade Inflation?

The U.S. dollar rebounds after steep losses at the beginning of the week. Meanwhile, the Nasdaq 100 slides, unable to consolidate Monday's gains as traders await the U.S. inflation report for August, which could set the tone for financial markets.

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Dow Jones, Nasdaq 100, CAC 40 Push Higher

Indices moved higher on Monday, with signs that the rally may continue today

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USD/CAD Price Forecast: Crude Oil & BoC Remnants Keep Loonie Elevated

USD/CAD prices are subdued today as traders keenly await upcoming US CPI tomorrow for guidance.

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UK Unemployment Ticks Higher as Total Earnings Remains Sticky, GBP/USD Slides

UK unemployment rises to 4.3%, a near two-year high while earnings continue to accelerate. The Bank of England (BoE) seems to be in a tough spot heading into the September meeting.

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Monday, 11 September 2023

Crude Oil Clambers Near Peak as US Dollar and Euro Pause Ahead of US CPI and ECB

Crude oil prices are scoping new highs as volatility dips while the US Dollar adjourns its ascendency ahead of CPI and the Euro considers its fate with the ECB rate decision ahead.

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Asia Day Ahead: USD/CNH Retraces From October 2022 Peak, EUR/USD Stabilises

Major US indices found room for some relief to start the week. Chinese equities were more mixed, with some paring of initial gains still pointing towards some reservations.

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Australian Dollar Holds High Ground as US Dollar Slips. Will Rates Drive AUD/USD?

The Australian Dollar lifted off to start this week after the US Dollar was pummelled after BoJ comments. Bond yields might continue to play a role. Will they turn in favour of AUD/USD?

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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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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...