S&P 500 Within Whisker of January 2022 Record High While Nasdaq 100 Ploughs On
Outlook on S&P 500 and Nasdaq 100 as trading becomes lighter towards year-end.
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USD/JPY Price Forecast: Guarded BoJ Leaves Yen on Offer
JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.
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Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook
Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.
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US Dollar Sinks, Holds on For Dear Life, Setups on Gold, EUR/USD, GBP/USD
This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day
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CAD Price Forecast: Loonie Flirts With Key Support
USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.
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US Dollar (DXY) Latest: Markets Ignore Fed Rate Pushback, GBP/USD and EUR/USD
A concerted effort by various Fed officials over the past few days to dampen market expectations of multiple rate cuts in 2024 is not having the desired effect at the moment.
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Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback
German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.
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Euro (EUR) Latest: EUR/USD Drifts After Weak PMI Data Release
The latest HCOB flash PMIs confirm that the Euro Area economy is struggling and any continuation of this trend will bring talk of sooner-rather-than-later ECB rate cuts back into focus
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ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises
The ECB kept rates steady today while dipping their toes in the dovish pond. The initial statement providing tentative hints but largely sticking to the ongoing rhetoric.
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GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD
GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?
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AUD Forecast: FOMC Communication Pivotal for Australian Dollar
AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data.
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US Inflation in Line with Estimates but MoM CPI Rises, DXY Ticks Higher
US inflation was largely in line with estimates but the increase in the MoM CPI and Core MoM prints mean the Fed are likely to push back on growing rate cut expectations.
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Gold Price Outlook Rests on US Inflation, Fed’s Guidance, Nasdaq 100 Breaks Out
This article examines gold and the Nasdaq 100’s technical outlook, analyzing market sentiment and critical price levels that may be relevant for traders in the coming days.
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Euro Price Forecast: Colossal Data Filled Week for EUR/USD
EUR prices brace for upcoming US inflation data alongside FOMC and ECB rate announcements later this week
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Gold (XAU/USD) Primed for US NFPs, Is Another Price Shock on the Cards?
Gold is one of many assets that is waiting for the latest US Jobs Report later in the session. This week gold started with a sudden burst of volatility – will we see the same again today?
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