The US Dollar extended its winning streak alongside Treasury yields as markets priced out Fed rate cuts. Ahead, will the Federal Reserve’s preferred inflation gauge support DXY’s key breakout?
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Showing posts with label forex market analysis. Show all posts
Showing posts with label forex market analysis. Show all posts
Sunday, 21 May 2023
Crude Oil Outlook Dims on Debt Limit & Recession Risks, Double-Top Pattern Eyed
Crude oil prices may head lower in the near term, dragged down by recession risks and the U.S. debt ceiling impasse, with a double top pattern reinforcing bearish signals.
Japanese Yen Weekly Outlook: USD/JPY Triangle Breakout, Key US Data in Focus
The Japanese Yen extended its losing streak against its major counterparts, largely driven by external factors as Treasury yields climbed. Will USD/JPY continue its push higher?
Saturday, 20 May 2023
Gold Weekly Forecast: Flight to Safety May Prompt Bullish Continuation
The outlook has improved for gold after debt ceiling talks stall, Yellen warns of further potential bank mergers and Powell talks down rate hikes due to slowing credit
Australian Dollar Outlook: AUD Confirms Range Trade
The Australian Dollar had a look lower last week but managed to recover and is now firmly entrenched in the 3-month range despite risks in the macroeconomic environment.
Sunday, 14 May 2023
US Dollar Outlook: Best Week of the Year Sets the Stage for Jerome Powell’s Speech
The US Dollar saw its best week of the year so far as CPI and consumer inflation expectations data cooled Fed rate cut bets. Will Chair Jerome Powell disappoint markets next?
Saturday, 13 May 2023
Gold Weekly Forecast: XAU/USD Holds up Amid Sudden Dollar Rally
Gold prices eased into the weekend as yesterday’s dollar appreciation gains momentum on surprise inflation statistic. Safe haven demand likely to keep gold afloat
Australian Dollar Outlook: AUD Crunched with US Dollar Back on Top
The Australian Dollar collapsed to end last week with the US Dollar finding favour with increasing bets that the Fed will be cutting the target rate later this year.
Sunday, 7 May 2023
US Dollar Forecast: After Another NFP Blowout, Will Markets Abandon Fed Cut Bets?
The US Dollar fell cautiously this past week as the Federal Reserve raised interest rates and Chair Jerome Powell was unable to suppress summer rate cut bets. Eyes turn to CPI and Fedspeak.
Saturday, 6 May 2023
Gold Weekly Forecast: XAU/USD Whipsaws but Safe-Haven Appeal Remains
Gold has produced a phenomenal week of volatility with markets shifting from major risk aversion to surrendering most of its gains as US jobs data runs hot
Australian Dollar Outlook: RBA and Fed Hike but Sentiment Sways
The Australian Dollar finished stronger last week but mostly on the back of a struggling US Dollar with solid domestic data mostly ignored amid growing anxiety of where the US is headed.
Saturday, 29 April 2023
Gold Price Forecast: XAU/USD Range Holds Ahead of Huge Event Risk
Gold prices have been stuck in a broad range these last two weeks. Potentially high impact event risk (FOMC, PMI or NFP) may provide the necessary impetus for a breakout.
Saturday, 22 April 2023
Gold Price Forecast: XAU/USD Attempts Hints at Breakdown Ahead of US GDP
The precious metal turned sharply lower at the end of the week as impressive US PMI data lifted the downtrodden dollar. US GDP data next week likely to provide direction
Friday, 21 April 2023
US Dollar Weekly Outlook: is the US Heading for Uninspiring Economic Growth?
The US Dollar finally got a break this week after persistent losses. But, this may be short-lived if GDP signals that uninspiring growth is ahead. What are the key DXY levels to watch next week?
Sunday, 16 April 2023
S&P 500 Week Ahead Forecast: Bullish Momentum Fades as Bears Flirt with Comeback
The S&P 500 and Nasdaq 100 rose slightly during the week, but upward momentum waned as interest rate expectations have begun to drift higher from their level of a few weeks ago.
Gold Weekly Forecast: Is it Time to Turn Cautious on XAU/USD?
Gold’s rise to a new 13-month high reaffirms that the near-term trend remains up on hopes that the US Fed is nearing the end of the tightening cycle. The yellow metal is now approaching one of the strongest resistance levels that it has faced in months.
Saturday, 15 April 2023
Pound Sterling Forecast: UK Fundamental Data Fails to Inspire, CPI Next
Recent GBP/USD performance flatters the pound while further afield, sterling has not performed all that well particularly against the euro and franc. UK CPI up next
Euro Week Ahead Forecast: EUR/USD Looking to Build A New Base
EUR/USD made a fresh yearly high this week and looks set to move higher. A period of consolidation may help set the pair up for the next leg.
Sunday, 9 April 2023
Dow Jones, S&P 500, Nasdaq 100 Technical Outlook: Will Q2 Offer Meaningful Breakouts?
The Dow Jones, S&P 500 and Nasdaq 100 reinforced key price levels in the first quarter for traders to watch. Will meaningful breakouts occur in Q2?
Sunday, 2 April 2023
Equities Q2 Fundamental Outlook: Who is Right About SVB, the Fed or Markets?
The Nasdaq 100 outperformed the Dow Jones in the first quarter as SVB’s collapse triggered aggressive Fed rate cut bets. The only thing is that is not what the central bank envisions.
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