Thursday, 4 January 2024

​​​​FTSE 100, DAX 40, and Dow Jones make gains in early trading​​​​

​Morning trading has seen a recovery for the FTSE 100, Dax and Dow futures, despite the hawkish tone of last night’s Fed minutes.

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British Pound Latest: GBP/USD Testing 1.2700 Ahead of US NFPs

Sterling has picked up a small bid in early trade and is pressing against 1.2700 against the US dollar. Friday’s US Jobs Report holds the key for cable’s short-term direction.

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Wednesday, 3 January 2024

US Dollar’s Revival Threatened by Fed Minutes; Setups on USD/JPY, EUR/USD, Gold

This article zeroes in on the near-term outlook for the U.S. dollar, studying major pairs such as EUR/USD and USD/JPY. The piece also examines the technical bias for gold prices.

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CAC 40, Nasdaq 100 and Russell 2000 try to Stabilize after Tuesday’s Hit

​​Outlook on CAC 40, Nasdaq 100 and Russell 2000 ahead of US job openings, manufacturing data and FOMC minutes.

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US Dollar (DXY) Latest: Jobs Data, FOMC Minutes Set to Drive EUR/USD and GBP/USD

Three separate US jobs reports are set to be released this week, starting today, and these along with the latest FOMC minutes will define US dollar price action over the coming days.

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Tuesday, 2 January 2024

Gold Prices Slip as US Dollar, Yields Blast Higher; Nasdaq 100 Sinks to Support

This article focuses on the technical outlook for gold (XAU/USD) and the Nasdaq 100, analyzing price action dynamics and market sentiment

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US Dollar Comes Alive as Yields Fly, Setups on EUR/USD, GBP/USD and USD/JPY

This article focuses the outlook for the U.S. dollar, analyzing price action for major pairs such as EUR/USD, GBP/USD and USD/JPY ahead of high-impact events later in the week.

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Gold (XAU), Oil (USOIL) Bitcoin (BTC) Technical Outlooks and Prices

Gold continues to push higher, oil is nearly 3% higher on geopolitical concerns and Bitcoin is at a fresh 21-month high ahead of the SEC’s ETF decision

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FTSE 100, Dax 40 and S&P 500 Kick Off the New Year on a Positive Footing​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as markets re-open after the festive season.

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Euro (EUR) Drifts Lower Against the US Dollar, Trend Remains Intact

The US dollar has grabbed a small bid as markets re-open, aided by slightly higher US Treasury yields. EUR/USD is eyeing a break below 1.1000 but this may prove temporary.

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Monday, 1 January 2024

Markets Q1 Outlook: Gold & Stocks in Record Zone, EUR/USD, GBP/USD Soar as USD Breaks Down

Different market dynamics are poised to unfold in the near term, potentially bringing about increased volatility and enticing trading setups for major assets in the first quarter of 2024.

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US Dollar Q1 Fundamental Outlook: A Tale of Two Halves – Weak Start, Strong Finish

The Fed’s unexpected dovish pivot is a clear signal that officials want to shift policy in time to engineer a soft landing; in other words, they are prioritizing growth over inflation.

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Sunday, 31 December 2023

US Equities Q1 Technical Outlook: Stocks in Overbought Territory. Can It Continue?

The technical picture is a little hard to read for the S&P 500 heading into the first quarter of 2024, with immediate resistance resting near the record high around the 4,817 level.

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Gold, Silver Q1 Forecast: Fundamental Drivers Align but Real Rates Pose a Threat

The article focuses on the fundamental outlook for precious metals in the first quarter, focusing specifically on gold and silver prices, taking into account interest rate dynamics, as well as the U.S. dollar’s broader trend.

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USD/JPY Q1 Technical Forecast: Will the US Dollar Downtrend Endure?

USD/JPY Q1 Technical Forecast: Will the US Dollar Downtrend Endure? The preceding quarter saw USD/JPY power up to highs not previously seen since mid-1990, thanks largely to those fundamental, interest-rate differentials.

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Crude Oil Q1 Fundamental Forecast: US Rate Cut Hopes Offer Support Amid Demand Worries

Oil prices hit their highest level of 2023 in September but have declined very sharply since, with shaky economic data keeping markets fretting about the demand outlook.

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Saturday, 30 December 2023

Coinbase (COIN) – Growing Tailwinds as Cryptocurrency Interest Swells?

Coinbase, the largest cryptocurrency exchange in the US, has seen its shares perform strongly in the second half of this year, rallying from around $46 in early June to a current level of $150.

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Euro Q1 Technical Forecast: A Mixed Picture

EUR/USD closed out 2023 on a positive note, recovering a sizeable chunk of the decline witnessed in the second half of the year. The medium-term trend appears bullish but yield differentials will struggle to motivate a prolonged period of upside potential.

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Short USD/JPY - Rising Rate Cut Expectations and FX Intervention by the BoJ

USD/JPY held the high ground for the first half of Q4 2023 before finally declining from near the 2022 highs. The selloff gained traction following growing chatter toward the end of November regarding a policy shift from the BoJ.

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Bitcoin Q1 Fundamental Outlook – Positive Tailwinds on the Horizon

Bitcoin goes into the first quarter of 2024 with two specific events set to determine price action in Q1 – a spot Bitcoin Exchange Traded Fund (ETF) and the run-up into the latest Bitcoin ‘halving’ event.

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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...