Wednesday, 20 September 2023

Asia Week Ahead: Fed’s Hawkish Takeaway Pushes Up USD, Weighs on AUD/USD, Gold

A high-for-longer rate outlook was the clear takeaway from the recent Fed meeting, as US Treasury yields found the validation to push on further with their 16-year highs.

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US Indices Risk Support Break After Hawkish Fed: S&P 500, Nasdaq Price Action

The S&P 500 and the Nasdaq 100 index look set to test support that could define the trend for the coming weeks after the Fed stuck with the hawkish script. What is the outlook and the key levels to watch?

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AUD/USD Charts Bullish Technical Setup as USD/JPY Defies Channel Resistance

This article provides an in-depth technical assessment of AUD/USD and USD/JPY, meticulously examining important price levels that could serve as support or resistance over the coming trading sessions.

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Fed Pauses but Says Another Hike is Possible, Gold and US Dollar Go Separate Ways

The Fed hit the pause button at its September meeting, keeping interest rates within the 5.25%-5.50% range, but indicating the potential for one more hike and less easing over the forecast horizon.

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Euro Snapshot: EUR/USD on Fed Watch, UK CPI Tests EUR/GBP Range

The euro has partially recovered from the post-ECB selloff with the Fed’s quarterly forecast in view. Tomorrow’s BoE decision is a coin toss as EUR/GBP range is tested

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Tuesday, 19 September 2023

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

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

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US Indices Ahead of Fed Rate Decision: Dow, S&P 500, Nasdaq Price Setups

US indices have settled in a range recently. Does it mean the uptrend has ended? What is the outlook and the key levels to watch in the S&P 500, the Nasdaq 100 index, and the Dow Jones Industrial Average?

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Asia Day Ahead: Sentiments on hold for Fed meeting, China’s loan prime rate in focus

Further de-risking took hold of Wall Street, as the usual caution persisted ahead of the FOMC meeting. Treasury yields resumed their ascent to retest their multi-year highs.

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US Dollar Setups: USD/JPY Treks Higher as AUD/USD Carves Out Double Bottom

This article offers a comprehensive analysis of USD/JPY and AUD/USD, scrutinizing crucial price levels to monitor that may act as technical resistance or support in the upcoming trading sessions.

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GBP Price Action Setups: GBP/USD, GBP/AUD Attempts Tepid Recovery Ahead of Inflation Data

British Pound bulls’ struggle to gain traction ahead of UK data. Given the uptick in US and Canadian inflation will the UK follow a similar path?

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USD/JPY Price Outlook: Markets Eying an FOMC-Sized Catalyst

USD/JPY cautiously edges towards the recent high but lacks the necessary follow through to test the 150 mark as the threat of FX intervention lingers

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Dow, Nikkei & CAC40 Edge up in Morning Trading

​Indices had a poor start to the week yesterday, but have picked some small gains in early trading today.

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Monday, 18 September 2023

Crude Oil Price Claims the High Ground as Market Scrambles. Higher WTI?

Crude oil prices peaked at new levels again today in the face of concerns for China’s growth prospects undermining it but backwardation is back in play. Will WTI break USD 100 a barrel?

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Australian Dollar Ponders Path Ahead After RBA Minutes. Will AUD/USD Breakout?

Australian Dollar crosswinds create uncertainty for direction with the RBA meeting minutes verify that the debate for hikes is up in the air and will be data dependent. Where to for AUD/USD?

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Asia Day Ahead: Wait-and-See in Lead-Up to Fed’s Decision, RBA Minutes in Focus

Market sentiment remained in its usual wait-and-see ahead of the FOMC meeting, as the VIX headed higher for the second straight day to reflect increased hedging activities.

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Australian Dollar Outlook: AUD/USD Sees Market Sentiment and Price Patterns Clash

This article provides an in-depth analysis of the Australian dollar, examining both market sentiment and price action to anticipate potential developments in the days and weeks ahead.

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FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally?

The US Federal Reserve are largely expected to pause the rate hike cycle on Wednesday with updated economic projections. The lingering fear of a resurgence in inflation will likely keep the door open for another rate hike in Q4.

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USD/ZAR Price Forecast: Rand Preps for Fed and SARB

The rand remains subdued ahead of the FOMC and SARB interest rate announcements later this week, while USD/ZAR hovers around R19/$.

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Japanese Yen Forecast: A Big Week Ahead for USD/JPY Traders

Monetary policy decisions from the Federal Reserve and the Bank of Japan will give USD/JPY traders a lot to think about

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Sunday, 17 September 2023

Gold Price Gains Amid Risk Aversion Ahead of Fed, BoE and BoJ. Higher XAU/USD?

Spot gold made headway today with China’s property sector revisiting its debt profile as markets contemplate central bank actions this week. Will XAU/USD break the 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...