Wednesday, 15 November 2023

UK Breaking News: UK CPI Posts Massive Drop, GBP Offered

Headline CPI dropped massively as energy and food prices see large declines. UK government achieves its target of halving inflation ahead of next week’s Autumn Statement

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Tuesday, 14 November 2023

US Dollar in Freefall After US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100, Gold

This article focuses on the technical outlook for EUR/USD, GBP/USD, Nasdaq 100 and gold, taking into account the key price levels in play following the explosive market moves in the wake of weaker-than-expected U.S. inflation data.

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Japanese Yen Update: Lower US CPI Tames USD/JPY, GBP/JPY Rises

CPI was the latest US data point to turn lower, following a developing trend since the softer October jobs print. The USD selloff weighs on USD/JPY while GBP/JPY eyes resistance

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Dow, Nikkei 225 and CAC 40 Gains Slow ahead of US Inflation Data

Indices have turned cautious as the key event of the week, US consumer price inflation, looms large on the calendar today.

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Monday, 13 November 2023

UK Unemployment and Upside Wage Pressures Dominate Jobs Report

GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.

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US Dollar Setups Before US CPI: USD/JPY, GBP/USD, AUD/USD, Volatility Up Ahead

This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance following the October U.S. inflation report due for release on Tuesday.

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US Inflation Preview: How Will Gold Price, EUR/USD, Nasdaq 100 React to CPI Data?

This article discusses possible scenarios for gold prices, EUR/USD and the Nasdaq 100 that may develop following the release of the October US inflation report. The piece also examines key technical levels worth watching in the short term.

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AUD/USD Price Forecast: RBA Kohler Reinforces Aussie Dollar

AUD prices found some much needed support this Monday morning after the RBA’s Kohler stated that bringing down inflation may be more difficult than anticipated.

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Euro (EUR) Latest: Heavyweight Data and Fed Chatter to Direct EUR/USD This Week

EUR/USD traders will have a busy week ahead as a raft of high importance US and EU data releases hit the screens, while Fed speakers are also out in force.

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FTSE 100, DAX 40 and Nasdaq 100 Remain Overall Bid ahead of Tuesday’s US Inflation Reading

FTSE 100, DAX 40 and Nasdaq 100 remain overall bid ahead of Tuesday’s US inflation reading

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GBP Price Forecast: Pound Tentative as Key UK & US Data Looms

GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.

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Sunday, 12 November 2023

Market Week Ahead: Gold Slides, Markets Turn Risk-On, GBP/USD, EUR/USD, Cryptos Jump

A strong end to the week with risk markets popping higher going into the weekend. The VIX ‘fear gauge’ fell by over 7% on Friday and is back testing lows last see in mid-September.

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Saturday, 11 November 2023

EUR/USD Weekly Forecast: Stern Powell Keeps Pressure on Euro

EUR/USD prices enter the week facing multiple economic data reports including US and euro area CPI.

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Thursday, 9 November 2023

Crude Oil, Mexican Peso Forecast: WTI Eyes $75 Level, Banxico Pivots

WTI crude oil prices are edging toward the $75.00 level.. Israel's decision to enact a cease fire for humanitarian aid has reduced geopolitical risks in the Middle East, exacerbating downward pressure in the energy market.

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US Dollar Flies on Hawkish Powell - Setups on EUR/USD, USD/JPY, AUD/USD, Gold

The U.S. dollar rallies on rising U.S. yields and hawkish comments from the Federal Reserve chairman, complicating the outlook for the euro, Japanese yen and Australian dollar.

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Gold, Silver Prices Perk Up, Palladium in Freefall, Key Levels for XAU/USD, XAG/USD

This article examines the near-term outlook for gold and silver prices, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

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Canadian Dollar Outlook: BoC Minutes Unable to Propel CAD Ahead of Powell

CAD prices look hesitant despite an aggressive tone shown via the BoC summary of deliberations last night. USD/CAD preps for Fed speak at key resistance level.

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Wednesday, 8 November 2023

Australian Dollar Forecast: AUD/USD Extends Bearish Reversal in Fakeout Fallout

AUD/USD rallied strongly last week, clearing key resistance levels, but the breakout appears to have been a fakeout, as the move has led to a sharp bearish reversal.

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S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?

US Indices have run into resistance but with a spate of earnings after market close can the rally continue?

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Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside

Gold continued its struggle today as the $1950 support area beckons. Will the Bearish momentum continue?

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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...