Dow, Nasdaq 100 and CAC40 all make Strong Gains
The dovish tone of last night’s Fed meeting has lit a fire under indices, driving the Dow above 37,000 to a new record high and pushing the Nasdaq 100 and CAC40 higher too.
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Oil Price Forecast: Oil Rises as OPEC+ Predicts Record Demand in 2024
Oil prices shook off the COP28 deal to phase out fossil fuels as OPEC+ doubles down on its demand forecasts for 2024. Will the IEA report due tomorrow concur with the cartel?
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Nasdaq 100 Consolidates Higher After Breakout. Will the Fed End the Exuberance?
The Nasdaq 100 consolidates higher and reaches its best level since early 2022 after pushing past key resistance levels, but the Fed may end its upward momentum if it issues a hawkish policy outlook.
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Dow and Nasdaq 100 make Headway but Nikkei 225 Stumbles
While US indices are looking strong ahead of today’s CPI reading, the Nikkei 225 has been hit by some selling.
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US Dollar Forecast: All Eyes on US Inflation, Setups on EUR/USD, USD/JPY, GBP/USD
This article analyzes the technical profile for major U.S. dollar FX pairs such as EUR/USD, USD/JPY and GBP/USD, examining critical price levels that could act as support or resistance ahead of U.S. CPI data.
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US CPI, Fed Decision to Guide US Dollar, Setups on EUR/USD, USD/JPY, GBP/USD
This article examines the technical outlook for major US dollar FX pairs such as EUR/USD, USD/JPY and GBP/USD, dissecting the critical price thresholds that could come into play this week ahead of US inflation data and the Fed’s decision.
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AUD Forecast: Australian Households Managing Tough Financial Conditions, RBA’s Brischetto
AUD prices held onto yesterday’s gains after the RBA’s Brischetto praised the ability of Australian households to meet financial obligations in difficult circumstances.
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Dow Edges Lower, while Nasdaq 100 and CAC40 Mixed
While the Dow is holding on to its recent gains, the Nasdaq 100 is unable to establish a clear direction. The CAC40 has tested trendline resistance from the April highs.
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Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support
Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?
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Euro Price Forecast: EUR Threatened by Dovish ECB & Bleak Forecasts
EUR prices stay depressed as markets digest less aggressive commentary from ECB officials as rate expectations see cuts in the first quarter of 2024.
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Dow Holds Gains while Nasdaq 100 Slips Lower and Hang Seng Slumps to One-Year Low
While the Dow has held on to its gains, other indices have suffered losses. The Hang Seng in particular has been hard-hit, touching a fresh low for the year.
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Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming?
Oil prices continued to slide for the majority of the Asian and European sessions before finding support at recent lows. Geopolitical risks and technicals hint at recovery in price.
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Markets Week Ahead: Gold in Record Zone as Dow Breaks Out; EUR/USD, USD/JPY Eye NFP
The U.S. ISM services PMI and November U.S. employment data will take center stage this week. These reports are likely to offer invaluable clues about the health of the U.S. economy, which could set the tone for financial markets.
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FTSE 100, Dax 40 and S&P 500 Remain Bid as Inflation Slows
Outlook on FTSE 100, DAX 40 and S&P 500 following a strong November.
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US Consumer Spending Eases but the US Dollar Index (DXY) Continues to Advance
US PCE data continued the recent trend of softening data from the US. The PCE print is likely to add to expectations for rate cuts in 2024 heading into the December FOMC meeting.
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