Thursday, 19 October 2023

S&P 500 Extends Slide on Heightened Volatility as Iraqi Air Base is Attacked

The S&P 500 failed to hold onto early US session gains as market participants weighed comments from Fed Chair Powell and the possibility of escalation in the Middle East following Iraqi air base attack. Is the S&P on course for a return to the 4000 mark?

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Gold Price Forecast: Geopolitics Steal Show from Yields as XAU/USD Eyes Breakout

This article delves into the near-term outlook for gold prices, assessing how geopolitical and technical factors may influence the path of the precious metal.

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Wednesday, 18 October 2023

US Indices Ahead of Powell; S&P 500 & Nasdaq Price Setups

US equity indices will be looking for cues from Powell who is scheduled to speak later Thursday. S&P 500 and Nasdaq have retreated from key resistance. Is the rebound over?

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Australian Dollar Drops on Mixed Jobs Data Ahead of CPI. Where to for AUD/USD?

The Australian Dollar slipped lower after employment data today revealed a tighten unemployment rate assisted by a lower participation rate. The RBA is now the focal point.

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Euro Forecast: EUR/USD Hindered by Resistance, EUR/AUD Still in Bullish Trend

This article takes a detailed look at EUR/USD and EUR/AUD’s prospects, incorporating insights from fundamental and technical analysis to ensure traders are well-prepared for the days ahead.

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Gold (XAU/USD) Hits $1950/oz on Risk Aversion as Middle East Tensions Intensify

Gold has been the biggest beneficiary from the tension in the Middle East which seems to have reignited the precious metals safe-haven appeal. Where to from here?

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Tuesday, 17 October 2023

Australia Dollar Jumps After China GDP Beat; What’s Next for AUD/USD?

AUD/USD jumped after the Chinese economy grew more than expected in the July-September quarter. What is the outlook and the key levels to watch in AUD/USD?

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Gold Price Hangs Tough as Treasury Yields Surge and US Dollar Firms. Higher XAU/USD?

The gold price remains buoyant on flight to safety flows from geopolitical concerns, but the macroeconomic picture is going in the other direction. Will XAU/USD maintain its strength?

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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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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...