JPY is retesting the psychological 150 mark against the USD ahead of the BOJ’s policy meeting next week. What is the outlook and what are the key levels to watch in USD/JPY, GBP/JPY, and EUR/JPY?
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Wednesday, 25 October 2023
US Dollar Forecast: EUR/USD, AUD/USD on Shaky Ground Ahead of US GDP Data
U.S. GDP data will steal some of the limelight on Thursday. A strong report could put upward pressure on bond yields, boosting the U.S. dollar against its major peers, such as the euro and the Australian dollar.
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GBP/USD At Risk of Freefall if 1.2000 Psychological Level is Broken
GBP/USD faced a trendline rejection and renewed selling pressure making a return to recent lows. Are we in for fresh lows or a period of consolidation ahead of Central Bank Meetings?
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Tuesday, 24 October 2023
Australian Dollar Jumps on Shocker CPI Data. If RBA Hike, Higher AUD/USD?
The Australian Dollar leapt higher immediately after headline CPI printed at 5.4% year-on-year to the end of September, adding to potential hike or hikes by the RBA. Will AUD/USD rally?
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EUR/USD Forecast: Euro Sinks After Fakeout ahead of ECB Decision. What Now?
This article offers an extensive analysis of EUR/USD, encompassing both fundamental and technical viewpoints ahead of the ECB decision. The piece also examines important price levels that may come into play in the coming trading sessions.
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Bitcoin (BTC/USD) Pops Above $35k Before a Pullback, More Upside Ahead?
Bitcoin traded briefly above the $35k mark with gains of around 15% to start the week before a pullback. Is this just a lull before a bullish explosion toward the $50k mark?
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Australian Dollar Technical Outlook: AUD/USD, AUD/JPY, EUR/AUD Setups Ahead of Inflation Data
Australian Economy has been showing signs of resilience with labor data remaining strong. Governor Bullock delivers hawkish message in first speech underpinning the AUD ahead of inflation data tomorrow. Let us take a look at potential trading setups
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Monday, 23 October 2023
Has the US Dollar Hit an Inflection Point? GBP/USD, AUD/USD, EUR/USD, USD/JPY
The US dollar’s rally is showing signs of fatigue ahead of the Oct. 31-Nov.1 FOMC meeting. What is the outlook and what are the key levels to watch in EUR/USD, GBP/USD, AUD/USD, and USD/JPY?
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Euro Jumps on Treasury Yield Slide and a Technical Break. Higher EUR/USD?
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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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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