Friday, 13 October 2023

FTSE 100, DAX 40 and S&P 500 Capped by Key Resistance on Uptick in US inflation​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as US CPI comes in slightly higher-than-expected.

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Cable at the Mercy of the Dollar, UK jobs and Inflation Data Next

Employment and CPI data next week can place the pound back into the driving seat after USD data directed the GBP/USD relief rally

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US Dollar Post-CPI Rally May Reverse, EUR/USD Creeping Higher

The US dollar rallied sharply Thursday after a marginally higher-than-expected US inflation reading was released. Is a 0.1% miss on US headline CPI data that bad?

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Thursday, 12 October 2023

Is the Rebound in Crude Oil Over? Natural Gas Holds Gains After Bullish Break

Crude oil’s recent sharp retreat raises the question if the rebound that started in September is over. Find out what is does the retreat mean in the context of the wider trend. Natural gas appears to be holding gains following the recent bullish break.

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US Dollar Technical Setups: AUD/USD Plummets While USD/CAD Skyrockets

This article provides an exhaustive technical examination of USD/CAD and AUD/USD, analyzing significant price levels that may act as resistance or support in the upcoming trading sessions.

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UK Breaking News: Monthly GDP Returns to Growth in August, GBP Lower

UK GDP in August showed a recovery from July, posting a 0.2% increase on last month. July’s monthly contraction was revised lower from -0.5% to -0.6%

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Wednesday, 11 October 2023

Crude Oil Gaps Lower as Stockpiles Build and Fed in Focus Ahead of US CPI. Lower WTI?

Crude oil gave up recent gains going into today’s session on API data and a US Dollar that might be at a crossroads with Fed Speakers and FOMC minutes less hawkish. Where to for WTI?

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Is Euro’s Downtrend Over? EUR/USD, EUR/AUD, EUR/NZD Price Setups

The euro appears to have garnered some cushion for now, thanks to the apparent shift in Fed rhetoric. The question then comes up is this a game changer for EUR/USD? What about EUR/AUD and EUR/NZD?

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US Dollar Slides on Fed Tilt but CPI Fears Linger. Will Treasury Yields Go Lower?

The US Dollar has been losing ground this week as the market ponders the outlook for the Federal Reserve after less hawkish commentary and FOMC minutes. Will USD sink further?

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Crude Oil Price Forecast: Bears Reload but Energy Market Outlook Stays Positive

The attack on Israel has the potential to lead to upward pressure on oil prices in the near term, especially if irrefutable evidence surfaces linking Iran to the acts of terrorism witnessed over the past weekend.

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USD/CAD Looks Set to Arrest 4-Day Slump, Finding Support at the 20-Day MA

USD/CAD on course to snap a four-day losing streak ahead of US inflation data. Will US Inflation provide fresh impetus for the DXY with another increase or is a drop on the cards?

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Tuesday, 10 October 2023

British Pound Ahead of US CPI: GBP/USD, EUR/GBP, GBP/AUD Price Setups

After weeks of losses, GBP is attempting to rebound as Fed rate hike expectations scale back ahead of the key US inflation and UK GDP data. What is the trend in GBP/USD, EUR/GBP and GBP/AUD?

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Australian Dollar Pauses as US Dollar Sinks on a Dovish Fed. Will AUD/USD Reverse?

The Australian Dollar might be at a crossroads after more Fed commentary reiterated the case for a less hawkish stance. Equity markets got a boost, but uncertainty lingers. Lower AUD/USD?

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Japanese Yen Aided by Fed Pause View, Geopolitics; USD/JPY, GBP/JPY, AUD/JPY

Dovish comments from Fed officials coupled with the violence in Israel and Gaza have put a lid on US Treasury yields, boosting JPY. What is the outlook and what are the key levels to watch in USD/JPY, AUD/JPY and GBP/JPY?

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US Dollar Faces Reversal Risk Ahead of Inflation Report as DXY Breaks Key Trendline

The US Dollar is not off to a great start this week so far ahead of the highly anticipated inflation report. Will CPI data add further fuel to what appears to be a brewing reversal unfolding in DXY?

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Australian Dollar Forecast: AUD/USD Takes on Trendline Resistance. What’s Next?

This article focuses on AUD/USD’s near-term outlook from a technical standpoint, dissecting vital price levels that might function as resistance or support in the coming trading sessions.

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Bitcoin Faces Death Cross as XRP Fails to Capitalize on Appeal Ruling

Bitcoin and Ripple both under selling pressure despite the positive news on multiple fronts for Ripple. Is XRPUSD destined to return to its YTD low?

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Dow, Nasdaq 100 and Nikkei 225 March Higher

​​Indices have extended their rebound from last week’s lows, and enjoyed a strong session on Monday. Further gains seem likely as the positive seasonality of the fourth quarter begins to take hold. ​

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USD/JPY Price Outlook: Yen Fails to Capitalise on Safe-Haven Appeal

The war in the Middle East prompted a wider flight towards traditional safe-haven assets like gold and US Treasuries but there has been little impact on the yen

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Monday, 9 October 2023

Euro Holds Ground as US Dollar Faces Headwinds on a Dovish Fed. Higher EUR/USD?

The Euro is little changed today despite the US Dollar sliding after Federal Reserve speakers stoked a less hawkish path citing higher Treasury yields. Where to for EUR/USD?

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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...