Thursday, 5 October 2023

AUD Price Forecast: Signs of Weaker US Jobs Market Aid Aussie Dollar

AUD prices were bid on Thursday morning after US Treasury yields fell post-ADP and ISM services PMI data.

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Wednesday, 4 October 2023

US Dollar Showing Tentative Signs of Fatigue: EUR/USD, GBP/USD, USD/JPY

Developments on the technical charts indicate that the USD’s rally is beginning to show tentative signs of fatigue, pointing to a minor pause in the near term. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?

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Asia Day Ahead: STI at Key Support, Natural Gas Touches Eight-Month High

Slowing growth in the US services sector and a significantly lower-than-expected US private payroll data paved the way for some cooling in the US Treasury yields rally.

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British Pound (GBP) Latest: GBP/USD Boosted by PMI Beat, Can It Hold?

Sterling is picking itself up from multi-month lows against the US dollar, buoyed by a better-than-expected S&P services report and weak US ADP data.

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Euro Price Setups after PMI, FX Intervention? EUR/USD, EUR/GBP, EUR/JPY

The euro continues to slide despite rising Bund yields as PMI data hints at a German recession. FX markets are on edge after suspected intervention to bolster the yen

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Nikkei 225, FTSE 100 and S&P 500 Continue to Free Fall​​​

​​Outlook on Nikkei 225, FTSE 100 and S&P 500 amid rising US yields, a strong greenback and tight US labour market.

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XAU/USD Price Forecast: Gold Dulls Further on Soaring Real Yields

Gold prices look to Fed speak & ISM services PMI for guidance and whether or not bears can take XAU/USD down towards the $1800/oz mark.

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Tuesday, 3 October 2023

Asia Day Ahead: USD/JPY Firm Despite Potential Intervention, NZD/USD at 3-Week Low

US Treasury yields continued with their ascent overnight, with the US 10-year yields at 4.8%. Aside, the VIX is at its four-month high, hovering just below its key 20 level.

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Australian Dollar Forecast: AUD/USD in Freefall as US Yields Vault to New Heights

In this article, we assess AUD/USD from a technical perspective, focusing on pivotal price levels and scrutinizing shifts in market positioning that can offer instructive hints about the pair's outlook.

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Euro (EUR) Latest: EUR/USD Losses Mount, EUR/GBP Rejects Resistance

The Euro remains under pressure against a formidable US dollar and may struggle to reclaim recent losses. EUR/GBP continues to range trade.

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Oil Price Outlook: Brent Crude, WTI Take a Breather as USD Surges

Oil prices pulled back from the yearly high, testing levels around the prior swing low. Will storage data reveal further drawdowns, potentially eyeing a bullish continuation?

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Signs of Strength in Nasdaq 100 but Dow and Dax Struggle to Make Progress

​​Indices suffered further losses on Monday but have recovered slightly today, with the Nasdaq 100 showing the way. ​

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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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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...