Monday, 30 October 2023

Pound Price Forecast: Upcoming BoE Expectations Keep GBP Subdued

GBP prices stay suppressed ahead of both the Fed and BoE interest rate decisions later this week.

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Sunday, 29 October 2023

Crude Oil Steadies After as Markets Assess Middle East Risks Ahead of the Fed

The crude oil price is struggling for direction as the uncertainty for energy supply going forward weighs on sentiment. US Dollar gyrations are also dominating markets as the Fed decision looms.

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Canadian Dollar Outlook After BoC Stands Pat: USD/CAD, EUR/CAD, AUD/CAD

CAD is testing the lower end of the past one-year range against USD after BoC governor last week indicated that interest rates may have peaked. What is the outlook for USD/CAD, AUD/CAD, and EUR/CAD?

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Gold Price Jumps Hurdles Ahead of Fed and Despite a USD Rally. Higher XAU/USD?

The gold price steadied to start the week after climbing to a five-month peak last Friday. The precious metal has overcome higher Treasury yields and a solid US Dollar.

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Markets Week Ahead: Nasdaq, Gold, US Dollar; FOMC, BOJ, BoE, China PMI, Euro Area Inflation, US Jobs

Key focus in the coming week will be on the Q3 earning season, the Fed, the BOJ, and the BoE interest rate decisions. In addition, geopolitical developments in the Middle East and global manufacturing activity data will be closely watched.

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Friday, 27 October 2023

Japanese Yen (USD/JPY) Testing 150 Resistance Ahead of Bank of Japan Policy Decision

Next week’s Bank of Japan meeting is likely to be one of the most interesting meetings in years as the Japanese central bank mulls tightening monetary policy

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Thursday, 26 October 2023

Asian Indices Test Support Ahead of FOMC: Hang Seng, Kospi, Topix Price Setups

Asian equities indices are testing key support ahead of next week’s US FOMC meeting. What is the outlook for the Hang Seng Index, Kospi, and Topix and what are the key levels to watch?

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Nasdaq 100 Forecast: Cluster Support in Play after Breakdown. More Pain Ahead?

The Nasdaq 100 broke down after breaching a key technical floor, hitting its lowest level since late May. More pain could be ahead for the technology index if the bulls are unable to defend cluster support in the 14,150/13,930 range.

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Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?

Oil prices failed to maintain yesterday's bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?

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Wednesday, 25 October 2023

Gold Price Ignores Rising Treasury Yields and a US Dollar Rally. Higher XAU/USD?

The gold price surged toward recent peaks today despite the US Dollar reasserting its ascendency and Treasury yields back on the march higher. Where to for XAU/USD?

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Japanese Yen Retests 150 Ahead of BOJ; USD/JPY, GBP/JPY, EUR/JPY Setups

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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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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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...