Monday, 25 September 2023

Market Breadth has Weakened: Implications for S&P 500 & Nasdaq

Market breadth in US indices has weakened recently, with some indicators around multi-month lows. From a contrarian perspective, it could reflect oversold conditions, pointing to a minor rebound ahead of the US earnings season.

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Asia Day Ahead: US Dollar at Fresh 10-month High, HSI Struggles

Major US indices eked out small gains to start the week, but it may be nothing more than an attempt to stabilise from recent sell-off, given the absence of a fresh bullish catalyst.

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DAX, EU Stocks Update: ECB Officials Have Their Say as Equities Turn Lower

EU Stoxx, DAX Drop on weaker Chinese sentiment and unchanged EU fundamentals. Crucial horizontal levels of support come into view as risk assets feel effects of higher rates

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Japanese Yen Weakens Again, Markets Watchful For BoJ Intervention

USD/JPY continues to push higher, with its latest run of gains enough to take it back to levels at which the Bank of Japan has been known to step in

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GBP/USD, EUR/USD remain bearish, USD/JPY bullish as US dollar rises for tenth consecutive week

Outlook on GBP/USD, EUR/USD and USD/JPY as the greenback continues to appreciate amid ‘rates higher for longer’ scenario.

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Sunday, 24 September 2023

Japanese Yen After BOJ: What Has Changed in USD/JPY, EUR/JPY, AUD/JPY?

The status quo by the BOJ last week reasserts the prevailing weakness in the JPY. What is the outlook and what are the key levels to watch in USD/JPY, EUR/JPY and AUD/JPY?

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Asia Day Ahead: Risk mood remains cautious, USD/SGD at nine-month high

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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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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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...