Indices suffered further losses on Monday but have recovered slightly today, with the Nasdaq 100 showing the way.
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Tuesday, 3 October 2023
GBP/USD Price Forecast: Pound Plunges Towards 1.20
The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
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Monday, 2 October 2023
How Much More Downside in Gold/Silver? XAU/USD, XAG/USD Price Setups
Gold and silver have below their respective multi-week range, pointing to further losses in the near term amid rising US Treasury yields. How much downside and what are the key levels to watch?
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Australian Dollar Holds Losses After RBA Stands Pat; AUD/USD Tests Key Support
AUD held early losses after the RBA kept benchmark interest rates steady, in line with market expectations. What’s next for AUD/USD and AUD/NZD?
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Asia Day Ahead: RBA Rate Decision on Watch, AUD/NZD below key support
Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007.
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S&P 500 Under Threat from Soaring Yields, US dollar, Trendline Support in Play
This article presents a technical overview of the S&P 500, where we analyze its current price dynamics and identify key levels that could serve as either support or resistance in the coming trading sessions.
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Gold Latest - XAU/USD Slump Continues as US Bond Yields Remain Elevated
Gold losses persist with the precious metal printing yet another red candle with XAU/USD nearly $100 lower since last Monday
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Nikkei 225, FTSE 100 and S&P 500 Begin Q4 on a Cautious Note
Outlook on Nikkei 225, FTSE 100 and S&P 500 as the oil price, US yields and greenback remain at elevated levels.
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AUD Price Forecast: Aussie Dollar Slips on Weak PMI’s Ahead of RBA
AUD prices weakened against the USD on sluggish PMI data alongside a likely rate pause by the RBA at tomorrow’s interest rate announcement.
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Sunday, 1 October 2023
Bitcoin & Ethereum Jump: BTC/USD & ETH/USD Price Action
The break above minor resistance in Bitcoin and Ethereum has reduced some of the immediate downside risks. Can cryptocurrencies sustain gains? What is the outlook and what are the key levels to watch?
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Will the UK GDP-Led Bounce in the British Pound Last? GBP/USD, EUR/GBP, GBP/AUD
GBP managed to find some support toward the end of last week after the UK economy grew faster than expected. However, the support could turn out to be short-lived. What’s next for GBP/USD, EUR/GBP and GBP/AUD?
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Asia Day Ahead: China’s PMI Mixed, BOJ Minutes Well-Received by Nikkei
The softening in US August core PCE inflation failed to drive a sustained rebound in Wall Street last Friday. China and Hong Kong markets are closed today.
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Financial Markets in Q4: US Dollar, Euro, British Pound, Gold, Crude Oil, Stocks
The US Dollar outperformed in the third quarter as Treasury yields soared and gold prices weakened. Sentiment took a hit. What is the outlook for markets as 2023 comes to an end?
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Saturday, 30 September 2023
Crude Oil Q4 Technical Forecast: How High Can it Go?
Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside
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Friday, 29 September 2023
S&P 500 Futures Largely Unchanged as the Fed’s Preferred Gauge of Inflation Cools to 3.9%
US Fed Policymakers will no doubt breathe a sigh of relief as Core PCE data cooled in August. Short-term US interest rate futures barely moved however, as market participants still see the rate hiking cycle as done.
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Gold Prices Bounce Likely Short-Lived As US Rates, China Import Move Both Weigh
Gold prices have staged a modest pullback after falling below their 200-day moving average
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Nikkei 225, FTSE 100 and S&P 500 Try to Recover Into Month End
Outlook on Nikkei 225, FTSE 100 and S&P 500 as the oil price, US yields and greenback retreat from their lofty heights.
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GBP/USD Price Forecast: Pound Rallies on Positive UK GDP Report
GBP prices strengthened against the USD on the back of UK GDP numbers as well as dovish Fed talk which left the US dollar trading lower this morning.
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Thursday, 28 September 2023
Japanese Yen Forecast: USD/JPY Pauses after Breakout as FX Intervention Risks Grow
USD/JPY halts its advance, but clings to 11-month highs ahead of Friday's key U.S. personal consumption expenditures data that may set the tone for the U.S. dollar in the near term.
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EUR/USD Gets a Reprieve with the Dollar on Offer Today
EURO Bulls spur on recovery attempt ahead of key risk events tomorrow which could send EURUSD back toward the YTD low. Will the move prove sustainable?
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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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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....