Monday, 31 January 2022

British Pound Boosted by Soft US Dollar. Will GBP/USD Rally into BoE This Week?

The British Pound holds the high ground against the US Dollar in anticipation of a hawkish Bank of England on Thursday. What will a hike mean for GBP/USD?

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Gold Price Forecast: XAU Faces Conflicting Fundamentals as Jobs Report Nears

Gold prices ended January with a whimper after a promising break above key resistance. Bullion faces conflicting fundamental drivers, but Friday's US non-farm payrolls report may offer direction.

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The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUDUSD

The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUD/USD?

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Bitcoin Set to Rebound on Improved Sentiment, But Bear Flag Warrants Caution

BTC/USD fell for a third month in January, but improving market sentiment may offer a rallying point for bulls to go on the offense. Today's RBA policy decision is likely to play into broader marke...

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USD/JPY Rate Reverses Ahead of January High with NFP Report on Tap

USD/JPY may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as it appears to have reversed course ahead of the January high (116.32).

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EUR/USD Price Outlook: Euro Attempts Recovery, GDP Meets Expectations

Euro attempting to retrace recent pullback. GDP fails to move the Euro with focus on this week’s ECB meeting

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AUD/USD Bouncing Off Support as RBA Policy Decision Looms Into View

Australian dollar traders are gearing up for some additional volatility in the weeks ahead as the RBA gets set to announce its latest monetary policy decision tomorrow.

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Sunday, 30 January 2022

Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD?

The Euro found some support today as the US Dollar paused, with growing geopolitical concerns boosting energy commodities. Will EUR/USD make new lows?

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Gold Prices Extend Lower Amid Hawkish Fed, Geopolitical Tensions

Gold prices extended a 4-day losing streak as traders mulled a steeper curve for the Fed’s rate hike trajectory and a strong US Dollar. Russia-Ukraine tensions may cushion its downside however.

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Crude Oil Soars to New Heights Despite a Strong US Dollar. Where To For WTI?

Crude oil has continued its run upward as a perfect storm of geopolitical tensions, supply concerns and technical hedging pushes prices up. Will WTI go higher?

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S&P 500 Rebound May Lead Nikkei 225 Higher, Hong Kong Trading Half-Day

US stocks rallied on Friday as Apple’s stellar results boosted market sentiment. The nonfarm payrolls report and a slew of tech earnings will be in focus this week. Chinese markets will be shut for...

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AUD/USD Cautiously Higher After China Manufacturing PMI. RBA Inbound

AUD/USD is probing higher after impressive Chinese PMI data. Aussie Dollar traders are eying tomorrow's Reserve Bank of Australia (RBA) policy decision.

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, AUD/USD, EUR/USD, GBP/USD

The Dow Jones and S&P 500 recovered during a wild trading week. Will the US Dollar continue its rise and is gold at risk ahead of NFPs? All eyes are on the RBA, ECB and BoE. Earnings from Amazon an...

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S&P 500 Forecast for the Week Ahead

Fed Chair Powell unfazed by recent stock market rout, aggressive policy tightening priced in.

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Euro Weekly Fundamental Forecast: EUR/USD Slide to Continue

The Euro has taken a beating this week after markets received confirmation of the new hawkish Fed. High impact data next week: GDP, inflation and the ECB rate decision

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Saturday, 29 January 2022

Gold Price Snaps January Opening Range Amid Detailed Fed Exit Strategy

Fresh data prints coming out of the US may keep the price of gold under pressure as the NFP report is anticipated to show a further improvement in the labor market.

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US Dollar Outlook: Hawkish Fed Has Markets Eyeing NFPs, RBA, ECB and BoE

The US Dollar may remain on the offensive next week. The RBA, ECB and BoE may offer hawkish tilts, risking further market volatility. Then, all eyes are on non-farm payrolls.

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Bitcoin (BTC) Outlook – Buy the Dip or Sell the Bounce?

Bitcoin's latest recovery is looking increasingly tired as it nears a zone of important resistance.

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Friday, 28 January 2022

Crude Oil Forecast: Russia-Ukraine Crisis Creates Upside Risks for WTI & Brent Prices

Oil has rallied sharply over the past two months and appears overbought by some metrics, but prices may remain supported over the short term on rising geopolitical tensions in Eastern Europe.

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Australian Dollar Outlook: All Eyes on the RBA as Fed Fallout Continues

The Australian Dollar is under the pump despite favourable fundamentals as the US Dollar surges on the back of a hawkish Fed.

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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...