Friday, 15 December 2023

FTSE 100, Dax 40 and S&P 500 Lose Upside Momentum​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid $5 trillion triple witching

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Cable on Track for Remarkable Recovery after Hawkish BoE Messaging

Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week

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Thursday, 14 December 2023

Gold Price Forecast: Fed Pivot Opens Pathway for New Fresh Record, XAU/USD Levels

Gold prices push higher and defy key technical resistance, driven by falling yields and a weaker U.S. dollar following the Fed's dovish pivot at its December policy meeting.

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US Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPY

This article focuses on the technical outlook for EUR/USD and USD/JPY, examining critical price levels that can act as support or resistance following the recent increase in volatility.

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Wednesday, 13 December 2023

US Dollar Sinks on Fed Dovish Pivot, Setups on EUR/USD, USD/JPY, GBP/USD

This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD, examining key price levels after the Fed’s dovish pivot.

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GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD

GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?

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Fed Stays Put, Sees Three Cuts in 2024; Gold and US Dollar Take Split Paths

The Fed held interest rates unchanged for the third straight meeting and signaled that it may deliver 75 basis points of easing in 2024, a dovish outcome for U.S. yields and the dollar.

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Oil Price Forecast: Oil Rises as OPEC+ Predicts Record Demand in 2024

Oil prices shook off the COP28 deal to phase out fossil fuels as OPEC+ doubles down on its demand forecasts for 2024. Will the IEA report due tomorrow concur with the cartel?

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AUD Forecast: FOMC Communication Pivotal for Australian Dollar

AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data.

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UK Breaking News: GDP Misses Forecasts, Sterling Dips Ahead of FOMC

UK GDP disappoints ahead of major central bank meetings. The pound is understandably weaker heading into the FOMC and BoE meetings

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Tuesday, 12 December 2023

Nasdaq 100 Consolidates Higher After Breakout. Will the Fed End Exuberance?

The Nasdaq 100 consolidates higher and reaches its best level since early 2022 after pushing past key resistance levels, but the Fed may end its upward momentum if it issues a hawkish policy outlook.

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Gold Price Forecast: Sellers in Control Following Failed $2000 Retest, FOMC Next

Gold’s attempt to break back above the $2000 mark was met with selling pressure today as US CPI data provided a somewhat mixed bag. Will the FOMC assist Gold bulls or are we in for further downside?

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GBP Breaking News: Mixed UK Jobs Report Should Not Deter BoE

GBP prices remain resistant after UK jobs data provided some varied information. GBP/USD & EUR/GBP now look to US CPI & ZEW economic sentiment.

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Monday, 11 December 2023

Oil Price Forecast: Oil Eyes Continued Recovery but Market Participants Remain Cautious

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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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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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...