Thursday, 14 September 2023

Dow Mixed but Nasdaq 100 and Nikkei Start to Show Renewed Bullish Momentum​​​​

Indices have held up relatively well despite the rise in monthly US inflation growth, but caution prevails ahead of the ECB decision.

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XAU/USD Price Forecast: US PPI & Retail Sales Could Push Gold to $1900

Gold prices look for cues from US PPI and retail sales as to the Fed’s rate cycle after yesterday’s headline CPI ticked higher. XAU/USD eyes $1900.

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Wednesday, 13 September 2023

New Zealand Dollar After US CPI; NZD/USD, EUR/NZD, AUD/NZD Price Action

NZD/USD’s slide has paused recently, but the pair is still not out of the woods. What is the outlook and what are the key levels to watch in NZD/USD, AUD/NZD, and EUR/NZD?

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Australian Dollar Holds Early Gains After Jobs Beat; Is AUD/USD Forming a Base?

The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month. Is AUD/USD forming a base?

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Japanese Yen Forecast: USD/JPY on Breakout Quest as GBP/JPY Fends Off Support Test

This article takes a technical view of USD/JPY and GBP/JPY, analyzing critical support and resistance levels that deserve careful scrutiny in the coming trading sessions.

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Tuesday, 12 September 2023

GBP Breaking News: UK Growth Contracts Leaving Pound on Offer

GBP prices extended its decline today after UK GDP disappointed. Cable now looks to US CPI for guidance.

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Asia Day Ahead: Eyes on US CPI ahead, Brent crude prices at new 10-month high

Focus for US CPI will be on whether a softer core inflation read will be sufficient for the Fed to keep rates on hold ahead, despite a resurgence in headline pricing pressures.

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British Pound Ahead of UK GDP: GBP/USD, EUR/GBP, GBP/JPY Setups

GBP is testing crucial support against the US dollar ahead of UK GDP data due later Wednesday. Which way is the tide for GBP/USD, EUR/GBP and GBP/JPY?

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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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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...