Sunday, 8 October 2023

Market Q4 Outlook: Gold, Oil, Stocks, US Dollar, Euro, Pound, Yen, BTC at Tipping Point

Different market dynamics are poised to unfold in the near term, potentially paving the way for increased volatility and attractive trading setups in major assets. This article presents a comprehensive collection of Q4 forecasts.

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US Equities Technical Outlook: Range-Bound with Downside Potential

The equity selloff the end of Q3 places the major US indices at a crucial level of support. Failure of support with sustained momentum leaves stocks open to further downside

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Crude Oil Prices Might Have Ran Too Far in Q3 Amid a Deteriorating China Outlook

Crude oil prices might have run too far in the third quarter, setting the stage for potential disappointment amid deteriorating economic conditions in China.

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Saturday, 7 October 2023

US Dollar – Is The Rally Coming To An End?

The US dollar has been a one-way trade since the middle of July, rallying in excess of 6% since printing a 99.49 low.

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Oil Fundamental Forecast: Can Q4 Sustain Oil Gains?

Q4 crude oil outlook focused on OPEC+, monetary policy and global economic growth conditions.

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The Range Trade is Alive and Well as Markets Ponder Central Bank Rate Strike

Range Trading Unfolds as Several Major Global Central Banks May Have Put the Cue Back in the Rack on Rate Rises.

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Friday, 6 October 2023

Australian Dollar Q4 Forecast: AUD Vulnerable as Headwinds Stack up

The Australian dollar has sold off in 2H with further frailties ahead. AUD/USD threatens to breakdown while AUD/JPY gears up for a reversal at major resistance

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Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ

The USD/JPY has held the high ground for the majority of Q3 with rallies to the downside proving short lived at this stage. The potential for a downside move however remains in play and with the right fundamental developments

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September Jobs Report: Payrolls at 336,000; Gold and US Dollar Go Their Own Way

The U.S. employers created 336,000 jobs in September versus 170,000 expected, indicating that the labor market remains dynamic despite multi-year high interest rates – a positive sign for the economy.

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USD/ZAR Price Forecast: Rand Looks to NFP’s for Guidance

Rand prices strengthened in early trade but cautiously await the NFP report as a gauge to what the Fed may do regarding their interest rate cycle.

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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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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...