Friday, 6 October 2023

EUR/USD Price Outlook: NFP to Revive EURUSD Downtrend?

US Treasury yields and a strong dollar have eased ahead of NFP, allowing EUR/USD a period of respite from the sustained selloff

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FTSE 100, S&P 500 and Russell 2000 Hover Above Support Ahead of US NFP

​​Outlook on FTSE 100, S&P 500 and Russell 2000 ahead of Friday’s key Non-Farm Payrolls data release.

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Japanese Yen Latest: NFPs to Send USD/JPY Lower or Will the BoJ Need to Intervene?

Bank of Japan officials will be watching today’s NFP report with interest to see the reaction of the US dollar. Another leg higher for the greenback may force the Japanese central bank into the market.

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Thursday, 5 October 2023

Gold and Silver Latest Outlooks – Treading Water as US Jobs Report (NFP) Looms Large

Both gold and silver look vulnerable to further losses but Friday’s US Job Report will decide the precious metal’s short-term fates

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Oil Price Update: Brent, WTI Prices Plunge after Weaker US Demand

US demand for gasoline has dropped, resulting in stock builds. Early indications of fragility are showing in the US after yesterday’s PMI report revealed a drop in new orders

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Dow and Dax Fail to Extend Wednesday’s Bounce, but Nasdaq 100 Holds above Support

The Dow and Dax saw a rally off their lows yesterday, but so far have not been able to continue this move, but the Nasdaq 100 has held support for a second time in a week

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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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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...