Oil prices remain under pressure as fund managers ramp up their bearish outlook and the IMF warns of the pitfalls to global growth should the global economy fragment into two blocs.
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Monday, 11 December 2023
US Dollar Forecast: All Eyes on US Inflation, Setups on EUR/USD, USD/JPY, GBP/USD
This article analyzes the technical profile for major U.S. dollar FX pairs such as EUR/USD, USD/JPY and GBP/USD, examining critical price levels that could act as support or resistance ahead of U.S. CPI data.
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Bitcoin (BTC/USD) Price Forecast: Eyes on $40k Support as ARK Sell More Coinbase (COIN) Shares
Bitcoin failed in its attempt to break the $45k handle prompting a pullback which could in part be down to profit taking. ARK sell more COIN shares to balance ETF weighting.
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Gold Pullback Extends After NFP Print Rejuvenated the Dollar, US Yields
NFP data hinted once again that the labour market is resilient, cooling aggressive rate cut expectations and providing the dollar with a helping hand
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FTSE 100, Dax 40 and S&P 500 Lose Upside Momentum in Low Volume Trading
Outlook on FTSE 100, DAX 40 and S&P 500 ahead this week’s plethora of central bank meetings.
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Euro Price Forecast: Colossal Data Filled Week for EUR/USD
EUR prices brace for upcoming US inflation data alongside FOMC and ECB rate announcements later this week
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Sunday, 10 December 2023
Markets Week Ahead: Gold, EUR/USD, GBP/USD, USD/JPY, US Inflation, Fed, ECB, BoE
The week ahead is likely to bring elevated market volatility, courtesy of impactful events on the economic calendar, including US inflation data, UK GDP figures, and significant monetary policy announcements from the FOMC, BoE and ECB.
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Saturday, 9 December 2023
US CPI, Fed Decision to Guide US Dollar, Setups on EUR/USD, USD/JPY, GBP/USD
This article examines the technical outlook for major US dollar FX pairs such as EUR/USD, USD/JPY and GBP/USD, dissecting the critical price thresholds that could come into play this week ahead of US inflation data and the Fed’s decision.
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Friday, 8 December 2023
USD/JPY Weekly Forecast: Markets Peel Back Hopes for BoJ Policy Change
JPY upside may be slowing as NFPs showed a robust US labor market. This week sees the FOMC in action and US inflation to drive volatility.
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Thursday, 7 December 2023
AUD Forecast: Australian Households Managing Tough Financial Conditions, RBA’s Brischetto
AUD prices held onto yesterday’s gains after the RBA’s Brischetto praised the ability of Australian households to meet financial obligations in difficult circumstances.
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US Jobs Report Preview: What’s Next for Gold, US Dollar, Yields & Nasdaq 100?
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the November U.S. nonfarm payrolls report, as the employment data can have a direct impact on the market's assessment of the Federal Reserve's monetary policy path.
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Euro Price Action Setups: EUR/USD, EUR/GBP Post GDP Revision
The Euro enjoyed a productive day despite poor fundamental data. Can the gains continue heading into next week's ECB meeting?
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Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand Concerns
Oil prices continue to slide on Chinese demand and import concerns. Is the YTD low at risk of a retest?
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GBP Price Forecast: UK House Price Index Rises for 2nd Consecutive Month
GBP/USD prices are attempting a pullback as UK house prices surprised to the upside as US labor markets come under the spotlight later today.
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Wednesday, 6 December 2023
Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In
This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader's radar in the coming days and weeks.
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Bitcoin (BTC/USD) Price Forecast: On the Way to $50K or Retracement First?
Bitcoin takes a breather with key resistance resting at the $45k mark. Will Bitcoin experience a significant pullback as option markets hint at a push toward the $50k handle?
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Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support
Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?
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Yen Price Update: Officials Mum on Policy Overhaul, USD/JPY Consolidates
BoJ officials aren’t prepared to commit to a timeframe when negative interest rates will come to an end. Data is yet to convince the committee to end decades long stimulus and USD/JPY consolidates ahead of NFP
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Euro Price Forecast: EUR Threatened by Dovish ECB & Bleak Forecasts
EUR prices stay depressed as markets digest less aggressive commentary from ECB officials as rate expectations see cuts in the first quarter of 2024.
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Tuesday, 5 December 2023
Nasdaq 100 Up After Support Rejection, Gold Down Despite Collapse in US Yields
In this article, we analyze the technical outlook for the Nasdaq 100 and gold prices, examining major price levels that could act as support and resistance later this week.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....