Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.
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Monday, 20 November 2023
Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain
EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.
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British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness
The US dollar is testing lows last seen at the start of September and that is giving cable another boost.
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FTSE 100, DAX 40 and Nasdaq 100 Pause after Three Weeks of Strong Gains
Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.
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AUD/USD Price Forecast: Positive Start for Aussie Dollar
AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.
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Sunday, 19 November 2023
Markets Week Ahead: Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks
Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.
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Friday, 17 November 2023
JPY Weekly Forecast: Cautious Ueda Leaves Yen Exposed
USD/JPY continues to hover around the 150 mark ahead of Japanese CPI next week.
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Thursday, 16 November 2023
AUD/USD Price Forecast: Aussie Dollar Unable to Exploit Weaker US Data
AUD prices are trading lower this Friday morning as Fed officials did not waver in their hawkish messaging after jobless claims data crept higher.
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US Dollar Outlook Shaky as Yields Tank, Setups on EUR/USD, GBP/USD, AUD/USD
This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play
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Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build
Gold prices rally more than 1% and break above a key technical resistance, boosted by falling U.S. Treasury yields following disappointing U.S. economic data.
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Oil Price Outlook: Brent and WTI Suffer Further Losses
Oil declines around $3.5 today as markets continue to digest sizeable stock builds at a time when the US production levels soar and economic data appears to be easing
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Pound Sterling Update: GBP/USD Uptrend in Focus
The pound has recently been handed a boost by a weaker dollar brought about by expectations that US rates have peaked. Sterling looks ahead to the Autumn Statement
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Wednesday, 15 November 2023
EUR/USD Price Forecast: It’s Time for Eurozone Inflation
EUR prices pullback as markets prepare for Fed and ECB speak later today.
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EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices at Risk of Meltdown
This article focuses on the technical outlook for EUR/USD, the Nasdaq 100 and crude oil, taking into account sentiment analysis and recent price action dynamics.
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US Dollar Forecast: Fed Pivot Ahead? - Setups on USD/JPY, GBP/USD, AUD/USD
This article explores the technical outlook for USD/JPY, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play following the U.S. CPI and PPI reports and related market volatility.
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AUD/USD Price Forecast: Australian Wage Growth Hits Fresh Highs
AUD prices have held onto yesterday’s gains with some positive Chinese data as well as high wage growth locally.
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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...