Monday, 26 February 2024

Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE

This article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data.

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Ethereum Spot ETF – The Next Cab Off the Rank?

Following the recent successful launch of more than ten Bitcoin ETFs, the investment community has turned its attention to the second-largest cryptocurrency by market capitalization, Ethereum (ETH).

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British Pound Edges Up Again, US Data Will Run This Week’s Trade

Sterling has enjoyed a run higher thanks in part to some better news from its home economy. There’s not much on this week’s slate, which will leave the Dollar in charge.

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Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation Data

AUD/USD is coming off a string of eight consecutive days of gains but appears to have found resistance at a key longer-term level now that Chinese markets have eased

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Sunday, 25 February 2024

Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported

US growth and inflation data provide the pick of the bunch this week. CPI in Germany will influence ECB rate cut expectations and will a quiet week in the UK benefit GBP?

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Saturday, 24 February 2024

US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups

This article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE data.

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Friday, 23 February 2024

Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts

Fed officials continued to signal a preference to remain patient on the topic of rate cuts as the US economy, consumer and labour market maintain their resilience

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Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

The German economy remains weak and the single currency is starting to struggle against the US dollar and Sterling

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Thursday, 1 February 2024

US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher

US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year.

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Wednesday, 31 January 2024

US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD

This article dives into the technical outlook for gold and major FX pairs (EUR/USD, USD/JPY and GBP/USD) following the Fed monetary policy decision. The piece also offers an in-depth analysis of key price thresholds worth watching later this week.

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Meta Stock Price at Record High Ahead of Earnings

​​Meta’s huge stock price surge has carried it to new record highs, helped along by a rise in active users and increased advertising revenues.​

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Fed Holds Steady, Ditches Tightening Bias; Gold and US Dollar on the Move

The Federal Reserve kept interest rates unchanged for the fourth consecutive meeting, but adopted a slightly more dovish outlook by removing its tightening bias from the monetary policy statement.

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Japanese Yen Weakens As Perky Dollar Looks To Fed Guidance

The USD/JPY market is like all others focused on the Federal Reserve’s first interest-rate decision of the year.

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​​​FTSE 100, DAX 40 and S&P 500 take a Breather ahead of the Fed Meeting

​​Outlook on FTSE 100, CAC 40 and S&P 500 amid Fed and BoE meetings and as the remaining three of the ‘magnificent seven’ US stocks report their earnings tomorrow ahead of Friday’s US Non-Farm Payrolls.

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ASX Achieved a Record High after Cooler Aussie Inflation, AUD/USD Weaker

Australian inflation cooled in Q4 helping lift the local index to a new all-time high. Continued disinflation reduces lingering suspicions of another hike, weighing on AUD

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Tuesday, 30 January 2024

Amazon Q4 Earnings Preview: What to Expect?

Amazon is set to report its Q4, 2023 earnings on February 1st, 2024 after US markets close.

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Oil Prices Pullback Sharply after Oil Tanker Strike, Caution Grows

Over the weekend Houthis struck an oil tanker passing through the Red Sea, putting an end to a string of harsh weather induced price rises stemming from the US.

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Monday, 29 January 2024

Fed Preview – What’s Ahead for Gold Prices, the U.S. Dollar, Yields and Stocks?

This article offers a preview of the upcoming Fed monetary policy announcement scheduled for Wednesday, examining two possible scenarios and their potential repercussions on gold prices, yields, the U.S. dollar, and stocks.

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Alphabet’s Share Price: What to Expect from Q4 Results

Alphabet Inc is set to release its Q4 financial results on 30 January 2024, after the market closes.

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Microsoft Corp Q2 2024 Earnings Preview

Microsoft Corp is scheduled to report its second (Q2) earnings on Tuesday, January 30th, 2024, after the market closes.

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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...