Thursday, 21 December 2023

Bitcoin (BTC) Eyes a Fresh Multi-Month High, Solana (SOL) Continues to Outperform

Bitcoin is pushing higher again and is close to printing a fresh multi-month high as the cryptocurrency risk on rally continues.

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Dow, Nasdaq 100 and Nikkei 225 Steady after Wednesday’s Losses

Indices hit a brief bout of volatility yesterday, jolting them out of their quiet move higher for a time.

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Wednesday, 20 December 2023

CAD Price Forecast: Loonie Flirts With Key Support

USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.

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Gold (XAU/USD) Price – Lining Up for a Year-End Rally if US Inflation Cooperates?

Gold is pushing gently higher and testing old resistance levels ahead of the last major data release of the year, US PCE. Will a benign number give gold another push higher?

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FTSE 100 Rallies on Softer Inflation, Dax 40 and S&P 500 Grind Higher Still​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as UK inflations surprises to the downside.

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GBP Breaking News: CPI Miss Aligns UK With Other Economies

GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.

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Tuesday, 19 December 2023

Gold Price Forecast: Bulls Seize Control on Growing Safe Haven Appeal, $2050 Up Next

Gold enjoyed a rally toward the $2050/Oz mark before facing some selling pressure as Fed rate cut expectations continue to sway back and forth. PCE data later in the week could prove key to where Gold prices end the week.

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Dow and Nasdaq 100 hold firm, while Nikkei 225 Rallies

US indices continue to consolidate, but the Bank of Japan’s (BoJ) decision to leave policy unchanged has given the Nikkei 225 a boost.

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Monday, 18 December 2023

AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?

Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.

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Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify

Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?

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USD/JPY Setup Ahead of the Final Bank of Japan Meeting for 2023

Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up

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Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback

German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.

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FTSE 100, Dax 40 and S&P 500 Flatline

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of German Ifo business climate

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British Pound (GBP) Latest: GBP/USD on Hold Ahead of Inflation Report

Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.

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Sunday, 17 December 2023

Market Week Ahead: Gold Regains $2k, GBP/USD, EUR/USD Rally as USD Slides

Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.

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Saturday, 16 December 2023

US Dollar in Peril with Core PCE on Deck, Setups on EUR/USD, GBP/USD, USD/JPY

The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback's recent decline, but strong numbers could trigger a bullish reversal.

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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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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...