Sunday, 17 September 2023

Have Bitcoin & Ethereum Capitulated? BTC/USD & ETH/USD Price Setups

Tentative signs are emerging that Bitcoin’s slide may have capitulated. However, Ethereum has yet to show any meaningful upward momentum. What is the outlook and what are the key levels to watch?

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Asia Day Ahead: Calm before the storm, as STI remains in range, AUD/USD struggles

Major US indices gave back all of last week’s gains on Friday, while the Straits Times Index steadied. Volatility was triggered by the triple witching day with the VIX rising 7.6%.

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British Pound Slides Ahead of BoE Rate Decision. Where to for GBP/USD and EUR/GBP?

The British Pound has been undermined against the US Dollar after breaking below several technical levels last week while it appears range-bound against the Euro. Lower GBP/USD?

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Markets Week Ahead: US Dollar, Fed, Sterling, BoE, Japanese Yen, BoJ and More

The US Dollar mostly underperformed against its major peers last week as oil prices rallied. Ahead, EUR/USD, GBP/USD and USD/JPY will be eyeing the Fed, BoE and BoJ. What else is in store for markets in the week ahead?

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USD Weekly Forecast: DXY Firmly Focused on Fed Rate Announcement

USD prices hold strong heading into the FOMC meeting this week with market forecasts opting for a rate pause. Where to next for the DXY?

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Friday, 15 September 2023

GBP Price Action Setups: GBP/USD, GBP/AUD on the Back Foot Ahead of Massive Week

British Pound bulls’ eye massive week of data to arrest the recent slump as inflation data and the much-anticipated Bank of England meeting lie in wait. 25 bps hike incoming from the BoE?

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​​​FTSE 100, DAX 40 and S&P 500 Rally on Improved Sentiment​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 following ECB rate hike, second reduction in reserve ratio requirement by PBOC and successful Arm IPO.

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AUD Price Forecast: Chinese Data Provides Much Needed Reprieve for Aussie Dollar

AUD prices have rallied against the USD after optimistic Chinese data led the way. The RBA has a new Governor as Philip Lowe steps down.

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Thursday, 14 September 2023

How Will the US Dollar React to Fed Rate Decision Next Week?

Teaser: The US dollar continues to march higher ahead of the US Federal Reserve meeting next week. Will the greenback correct lower or strengthen further post the FOMC meeting?

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Asia Day Ahead: VIX Back at Year-to-Date Low, Nikkei 225 Hits Two Month High

Major US indices registered their one-week high, as the VIX heads back to its year-to-date low. Oil prices continued its climb, while gold prices attempt to stabilise.

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Gold Price on Meltdown Alert as USD Eyes Breakout Before Fed, XAU/USD Levels

Gold prices may face larger losses and a potential breakdown if the U.S. dollar maintains its upward trajectory in a context of rising Treasury yields.

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WTI, Brent Shrug Off US Inventories Surge as Oil Prices Hit Fresh 2023 Highs

Oil prices resumed their upside rally this morning following a brief pause yesterday on surging US inventories. How much further will Oil prices advance before a retracement, as the 14-day RSI hovers in overbought territory?

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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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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...