Tuesday, 17 October 2023

Australian Dollar Forecast: AUD/USD Extends Recovery but Outlook Remains Murky

This article takes a close look at AUD/USD, offering an analysis that considers both its technical and fundamental components, and underscores the critical drivers that FX traders should watch in the near term.

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S&P 500, NAS 100 Experience Choppy Price Action as Treasuries Rise, More Earnings Ahead

US Indices struggle on rising US Yields even though earnings remain upbeat. Where to Next?

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Monday, 16 October 2023

Is the Worst Over for Gold/Silver? XAU/USD, XAG/USD Price Setups

Escalating tensions in the Middle East have boosted precious metals. Does this mean the worst over for gold and silver? Find out what is the outlook and what are the key levels to watch.

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New Zealand Dollar Falls After Inflation Data, but NZD/USD Remains Above Key Support

The New Zealand Dollar weakened after local inflation data cooled hawkish RBNZ policy expectations. Even so, NZD/USD remains above key support with a neutral near-term technical bias.

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Australian Dollar Forecast: AUD/USD Rallies Off Support but Trend Remains Bearish

This article provides an exhaustive examination of AUD/USD, analyzing geopolitical tensions in the Middle East and scrutinizing important price levels worth watching in the coming days.

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USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil Deal

USDCAD slides with Oil following suit on news of US-Venezuela deal. Will Canadian inflation rise once more adding further pressure on the Bank of Canada (BoC)?

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XAU/USD Price Forecast: Tempered Start for Gold

Gold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.

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Sunday, 15 October 2023

Crude Oil Steadies After Leaping Higher on Middle East Conflict. Higher WTI?

The crude oil price reflects the uncertainty for energy supply going forward and the potential for supply disruptions. The US Dollar movements are also dominating markets. Where to for WTI?

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HK/China Equities Search for Upward Momentum: Hang Seng, CSI 300 Setups

The Hang Seng Index’s rebound early last week ran out of steam toward the end of the week, suggesting that a meaningful upward momentum is lacking in Hong Kong/China equities despite the support/stimulus measures in recent months.

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Australian Dollar Bumps Up but US Dollar Moves Might be Key. Will AUD/USD Rally?

The Australian Dollar nudged higher to start the week with the US Dollar easing a touch as markets assess elevated Treasury yields and a Middle East conflict. Where to for AUD/USD.

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Markets Week Ahead: Gold, Crude Oil, Geopolitical Tensions, US Dollar, Fed, China GDP

Gold prices soared in the best week since the middle of March, crude oil also outperformed amid geopolitical volatility. Ahead, all eyes are on a speech from Jerome Powell and Chinese GDP data. What else is in store for markets ahead?

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Saturday, 14 October 2023

EUR/USD Weekly Forecast: Euro Weaker on Geopolitics & US Inflationary Pressures

EUR/USD prices are subdued as risk aversion takes hold and favors the more defensive USD. Euro traders now look to US retail sales and eurozone inflation this week.

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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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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...