The Euro appears to have broken the descending trend as the US Dollar faces a test of resolve with Treasury yields dipping lower. If the Euro holds ground, will EUR/USD rally?
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Monday, 23 October 2023
US Dollar Index (DXY) Update: US Dollar Retreats with GBP/USD Eyeing a Trendline Break
The US Dollar Index faced selling pressure today as US Yields retreated from recent highs. GBPUSD benefitted with a deeper recovery for Cable looking more likely. Can UK Employment data help facilitate a trendline break?
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Bitcoin Breaks Psychological 30k Level as Spot ETF Approval Hopes Grow
Bitcoin rally gathers steam and trades above the 30k mark. Will a Potential Spot ETF approval ramp up institutional fund involvements and push prices higher?
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British Pound (GBP/USD) Latest – Volatility on the Horizon?
Credit ratings agency Moody’s has changed its outlook for the UK from negative to stable and confirmed the countries’ Aaa3 rating
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Sunday, 22 October 2023
Japanese Yen Eyes New Lows as Markets Speculate on BoJ Action. Intervention Ahead?
The Japanese Yen is facing scrutiny to start the week with USD/JPY edging toward prior peaks on growing unease around potential BoJ intervention. If USD/JPY pops, will the bank be selling?
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Crude Oil Correction in Play; Natural Gas’ Rebound May Not be Over
Crude oil’s downward correction that started a few weeks ago may not be over just yet. Natural gas has retreated following the bullish break earlier this month. How much more downside for crude oil and natural gas?
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Gold Price Slips After Stellar Rally Despite Lofty Treasury Yields. Higher XAU/USD?
The gold price pulled back to start the week after notching a five-week peak last Friday. Higher Treasury yields and US Dollar look to have been overrun by swirling risks elsewhere.
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Markets Week Ahead: S&P 500, Gold, US Dollar; Powell, ECB, BoC, Australia CPI, Germany Ifo, UK jobs
Conflict in Middle East and US earnings season are likely to be key drivers of broader market sentiment in the coming week. Currency markets would be watching for cues from Powell speech, European Central Bank and Bank of Canada interest rate decisions.
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Saturday, 21 October 2023
Gold/Silver Weekly Forecast: A Dead-Cat Bounce or Game Changer?
The sharp bounce in gold and silver recently has raised questions on whether it is time to reassess the bearish outlook. Is it time to reassess the broader outlook?
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Friday, 20 October 2023
USD/JPY Weekly Forecast: Japanese Yen Staggers Towards 150
JPY prices look vulnerable to another breach of the 150 resistance handle ahead of a US data focused week.
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Thursday, 19 October 2023
Japanese Yen Scoping 150 Plus as US Dollar Consolidates. Higher USD/JPY?
The Japanese Yen has been sliding lower as Treasury yields outpace JGB yields to the upside, assisting the US Dollar to gain ground. If the BoJ tilt policy, will USD/JPY make new highs?
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US Dollar Setups: EUR/USD Battles Channel Resistance while USD/JPY Stays Put
This article takes a detailed look at EUR/USD and USD/JPY’s prospects, analyzing important technical levels that may come into play and trigger notable price responses in the days ahead.
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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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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...