Major US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate
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Sunday, 24 September 2023
Markets Week Ahead: US Dollar, British Pound, Euro, Key Inflation Gauge, German CPI
The US Dollar experienced a mixed bag last week as the British Pound weakened and the New Zealand Dollar rose. Ahead, all eyes are on the Fed’s preferred inflation gauge, German inflation, Chinese Manufacturing PMI. What else?
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Saturday, 23 September 2023
Japanese Yen Forecast: BoJ's Dovishness Puts USD/JPY Channel Breakout in Play
USD/JPY rallies heading into the weekend following Bank of Japan’s dovish monetary policy announcement. As prices approach channel resistance, the pair's reaction could offer key insight into the near-term outlook.
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....