Saturday, 23 September 2023

Euro Forecast: EUR/USD on Breakdown Watch, EUR/GBP Stuck in No Man’s Land For Now

This article offers an in-depth analysis of EUR/USD and EUR/GBP from a fundamental and technical standpoint, exploring pivotal factors likely to influence price movements in upcoming trading sessions

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Friday, 22 September 2023

Where to next for USD/JPY, GBP/JPY and GBP/USD following BOE and BOJ rate decisions?

Outlook on USD/JPY, GBP/JPY and GBP/USD as US dollar is on track for its tenth straight week of gains.

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FTSE 100 looks toppish while DAX and S&P 500 are in freefall

Outlook on FTSE 100, DAX 40 and S&P 500 in the wake of a ‘rates higher for longer’ scenario.

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Sterling Slump Continues after Disappointing UK Retail Sales

The pound remains vulnerable to further selling as worse than expected retail sales data adds to the post-BoE selling. Later, subdued UK PMI forecasts add to the mix

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Thursday, 21 September 2023

Japanese Yen Tumbles as BOJ Maintains Status Quo: USD/JPY Eyes 150

JPY dropped against USD after the BOJ kept its ultra-loose policy settings and maintained the target around 0% and the cap of 1.0% for the 10-year bond yield. What’s next for USD/JPY?

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Asia Day Ahead: Risk-off Sentiment in place, BoJ Meeting on the Radar

Major US indices are finding themselves at a critical juncture, with the S&P 500 and the Nasdaq 100 back to retest their respective key support levels.

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GBP Breaking News: BoE Hints at Peak Rates after Vote to Hold, GBP Offered

The BoE voted 5-4 to hold rates steady, pointing to a softer labour market, falling business sentiment and progress on inflation. GBP repricing takes effect as sterling drops

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Wednesday, 20 September 2023

US Dollar Gets a Boost from Optimistic Fed; EUR/USD, GBP/USD, AUD/USD

Higher for longer US interest rates coupled with the outperformance of the US economy are keeping the uptrend in global USD intact. What’s next for EUR/USD, GBP/USD, and AUD/USD?

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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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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...