Monday, 4 March 2024

Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger

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British Pound Gains Again Despite UK Spring Budget Jitters

The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.

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Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?

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Sunday, 3 March 2024

Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.

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Saturday, 2 March 2024

Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week's bullish breakout, however, depends on the upcoming U.S. jobs report.

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Friday, 1 March 2024

Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again

EU core inflation y/y dipped to 3.1% in February from 3.3% in January but came in above market expectations of 2.9%. EUR/USD eyeing a break below 1.0800.

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Japanese Yen Outlook: Yen Appeal Proves Short-lived, Wage Data in Focus

The Japanese Yen has surrendered the majority of its gains just 24 hours after BoJ Board Member Hajime’s calls for policy normalisation. Huge focus on wage data this month

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Thursday, 29 February 2024

Gold Price Outlook: Fundamental & Technicals at Odds, What Now for XAU/USD?

This article examines gold’s near-term outlook, exploring various scenarios that may arise following the release of core PCE data, which is considered the Federal Reserve's preferred inflation measure.

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Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPY - Breakdown Ahead?

This article provides an in-depth analysis of the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, dissecting key resistance and support levels crucial for strategic risk management in position building.

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Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall

US indices continue to tiptoe lower after last week’s highs, while the Hang Seng’s bounce from the January lows is coming under pressure.

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EUR/USD Rests Upon Key Long-Term Trend Filter Ahead of Key Inflation Data

EU jobs and inflation data in focus today alongside US PCE figures. EUR/USD sits on a key level as traders adopt a ‘wait and see’ approach to FX moves

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Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk

USD/JPY slips back below 150 after one Bank of Japan board member suggested that the central bank’s inflation target is finally in sight

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Wednesday, 28 February 2024

Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USD

This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks.

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FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the second estimate of the US Q4 GDP growth and PCE inflation prints.

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RBNZ Issues Dovish Hold and Aus Inflation Stands Firm, NZD Weakened

Markets have all but removed the likelihood of further rate hikes from the RBNZ after its dovish hold on the official cash rate. Aussie monthly inflation remains at 3.4%

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Tuesday, 27 February 2024

Euro Technical Analysis & Trade Setups - EUR/USD, EUR/GBP and EUR/JPY

This article dissects the technical outlook for EUR/USD, EUR/GBP, and EUR/JPY, scrutinizing price action dynamics and sentiment to glean insights into potential directional shifts.

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Gold Price Latest: XAU/USD Holds Gains, Awaits Key US Data

Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility may soon lead to consolidation

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Crude Oil Prices Slip Back Despite Red-Sea Supply Worries

Attacks on shipping by Houthi militia in solidarity with Gaza have boosted oil prices. It’s unclear whether any temporary ceasefire would halt them.

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Japanese Yen Outlook: Markets Prioritise CPI Beat over Lower Trending Prices

Markets continue to favour the carry trade despite officials’ warnings around FX intervention. Inflation beat expectations but has declined every month since October

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Bitcoin (BTC/USD) Hits $57k, Ethereum (ETH/USD) Touches $3,275 as Buyers Dominate the Market

The cryptocurrency market cap is currently just over $2.13 trillion, up nearly 7% yesterday, as the market turned a sea of green on heavy buying

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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...