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Gold Price Forecast: Gold Grasps for 1700 Following Five-Week-Plunge

Gold Talking Points: After spending late-May and early-June in consolidation, Gold prices have plunged to fresh 11-month-lows during the current five-week sell-off. Gold prices ran into the psychological level of 1700 last week but it’s the support a little lower, around 1673-1680, that looms large on the matter. A test below that zone leads . . . → Read More: Gold Price Forecast: Gold Grasps for 1700 Following Five-Week-Plunge

Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

Global financial markets came under pressure last week as recession fears permeated market sentiment, dragging on stock indexes, commodities, and risk-sensitive currencies. The closely-watched 10-Year/2-Year yield spread—a so-called recession predictor—fell deeper into inversion. That suggests waning confidence in the Fed’s ability to orchestrate a “soft landing.”

Economic growth expectations have softened . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

Stock Market Weekly Forecast: S&P 500 & DAX 40

S&P 500, DAX 40 Analysis and News S&P 500 | S&P 500 | Bear Market Bounce to Close the Week DAX 40 |Russia Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus S&P 500 | Bear Market Bounce to Close the Week

Despite the volatile FX action with the USD breaking out . . . → Read More: Stock Market Weekly Forecast: S&P 500 & DAX 40

Canadian Dollar Weekly Forecast: CAD at the Behest of Crude Oil and Rampant U.S. Dollar

USD/CAD Analysis Hawkish Fed re-pricing weighs on CAD. Demand destruction leaves crude oil muted. Advertisement USD/CAD Fundamental Backdrop

USD/CAD had a rollercoaster week after the Bank of Canada (BoC) surprised markets by hiking rates by 100bps. The knock-on impact saw money markets price the Fed’s upcoming rate decision higher with 100bps call gaining . . . → Read More: Canadian Dollar Weekly Forecast: CAD at the Behest of Crude Oil and Rampant U.S. Dollar

Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too

Japanese Yen Fundamental Forecast: Bearish Japanese Yen remains vulnerable to a dovish BoJ Local CPI likely to clock in above their price target Central bank’s inaction leaves JPY to external risks

The Japanese Yen continued to weaken against its major counterparts this past week. This is something the currency has been quite familiar . . . → Read More: Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too

Euro (EUR/USD) Forecast – It is Time for the ECB to Grasp the Nettle

EUR/USD Price, Chart, and Analysis ECB rate hike and anti-fragmentation tool details are expected. Italian political instability and Nord Stream re-opening fears.

The European Central Bank (ECB) will this week begin hiking interest rates in an effort to stem rampant inflation and will give the market further details of its anti-fragmentation facility in . . . → Read More: Euro (EUR/USD) Forecast – It is Time for the ECB to Grasp the Nettle

Gold Prices at Risk on Global Inflation Data, ECB May Offer Lifeline

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. . . . → Read More: Gold Prices at Risk on Global Inflation Data, ECB May Offer Lifeline

US Dollar Fundamental Forecast: DXY Set for More Gains on Ailing Euro, Yen

US Dollar Fundamental Forecast: Bullish The US Dollar climbed after Fed rate hike bets increased on strong CPI numbers Japanese Yen weakness likely to continue on dovish Bank of Japan policy decision EUR/USD to provide DXY tailwind with ECB rate hike unlikely to temper inflation

The US Dollar climbed higher last week, hitting . . . → Read More: US Dollar Fundamental Forecast: DXY Set for More Gains on Ailing Euro, Yen

Bitcoin (BTC/USD) Resilience Holds After Another Big Week For USD

Bitcoin (BTC) Fundamental Outlook: Neutral Bitcoin Holds Steady Despite Recession Risks

Recession risks remain elevated after US CPI (Consumer Price Index) data for June surpassed expectations once again, reaching another four-decade high of 9.1% (YoY). With market participants now pricing in a Fed rate hike of at least 75 (or a possible 100) . . . → Read More: Bitcoin (BTC/USD) Resilience Holds After Another Big Week For USD

AUD/USD Rate Rebound Susceptible to Preset Path for RBA Policy

Australian Dollar Talking Points

AUD/USD trades to a fresh yearly low (0.6681) in July as a growing number of Federal Reserve officials show a greater willingness to implement a restrictive policy, and the Reserve Bank of Australia (RBA) Minutes may do little to influence the exchange rate as the central bank appears to . . . → Read More: AUD/USD Rate Rebound Susceptible to Preset Path for RBA Policy

Euro Weakness: Lagarde’s Test

Last month the European Central Bank (ECB) confirmed its intentions to raise rates by 25bp at the next monetary policy meeting, scheduled for July 21st. Going forward, even though gradual increments are expected, inflation in Europe has already climbed above 8% and the question remains as to whether small rate hikes will be . . . → Read More: Euro Weakness: Lagarde’s Test

Pound Sterling (GBP) Weekly Forecast: PM Race Hots up in Time for Heatwave

Pound Sterling Weekly Fundamental Forecast: Mixed Race for Prime Minister hots up alongside UK summer temperatures Event Risk for the Week: UK unemployment, CPI Inflation Smart money sees potential for further GBP weakness

GBP/USD Daily Chart

Source: TradingView, prepared by Richard Snow

PM Race Hots up Alongside UK Summer Temperatures

. . . → Read More: Pound Sterling (GBP) Weekly Forecast: PM Race Hots up in Time for Heatwave

US Consumer Sentiment Rises in June Despite Persistent Inflation, Growth Fears

Consumer Sentiment, US Dollar – Talking Points Univ. Of Michigan Sentiment Jul P: 51.1 (est.49.9; prev. 50.0) Inflation and growth concerns continue to weigh on sentiment US Dollar lower as markets battle over potential 100 bps rate hike

US Consumer Sentiment rose during June, as Americans remain worried about persistent inflationary pressures. 1-year . . . → Read More: US Consumer Sentiment Rises in June Despite Persistent Inflation, Growth Fears

DAX, DOW and FTSE Bounce as Investors Temper Fed Bets

DAX 40:Higher as Global Sentiment Improves. FTSE 100:Gains as UK Earnings Filters Through. DOW JONES:Cautiously Higher as Bank Earnings Continue.

What is Earnings Season and What to Look for in Earnings Reports?

DAX 40: Higher as Global Sentiment Improves

The Dax traded higher in European trade ending a difficult week on . . . → Read More: DAX, DOW and FTSE Bounce as Investors Temper Fed Bets

June Retail Sales at 1% v/s .8% Expected, May Revised Higher

Talking Points: This morning brings the release of US retail sales data for the month of June. The retail sales report is usually the earliest look that investors get at retail behavior for the most recently completed month and, as such, there can be considerable attention to this data point as it may be . . . → Read More: June Retail Sales at 1% v/s .8% Expected, May Revised Higher

Australian Dollar Forecast: AUD/USD Retracement Stalls at Resistance

Australian Dollar Analysis and Talking Points Australian Dollar following risk appetite Modest AUD retracement, however, US will dictate the near-term direction AUSTRALIAN DOLLAR FOLLOWING RISK APPETITE

Quite the whipsaw in the last 24/48hrs in the Australian Dollar, the surprise US CPI data prompted the Aussie to fall to fresh cycle lows. However, yesterday’s . . . → Read More: Australian Dollar Forecast: AUD/USD Retracement Stalls at Resistance

EURUSD Breaches Parity as the US Dollar Continues to March Higher

EURUSD, ECB – Talking Points EURUSD breaks below 1.00, trades as low as 0.9950 ECB meets next week, slated for 25 bps hike Fedspeak rolls back on aggressive 100 bps bets

EURUSD came under pressure yet again on Thursday, as sellers briefly helped price smash through parity. EURUSD has been in a constant . . . → Read More: EURUSD Breaches Parity as the US Dollar Continues to March Higher

Nasdaq 100 Sinks as Risk-Off Sentiment Dominates Markets, Commodities Slump

KEY MARKET DEVELOPMENTS: U.S. stocks slump on risk-off sentiment, Nasdaq 100 falls as much as 2% Growth-linked commodities, such as oil and copper, also take a beating amid growing recession fears U.S. dollar rallies across the board, EUR/USD briefly breaks below parity

Most Read: US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, . . . → Read More: Nasdaq 100 Sinks as Risk-Off Sentiment Dominates Markets, Commodities Slump

DAX, DOW and FTSE Retreat as Rate Hike Bets Keep Investors on Edge

DAX 40:Selloff Gathers Pace as Recession Fears Mount. FTSE 100:Retreats as Stagflation Worries Resurface. DOW JONES:Tumbles as US PPI Rises Adding Pressure on the Fed.

What is Earnings Season and What to Look for in Earnings Reports?

DAX 40: Selloff Gathers Pace as Recession Fears Mount

The DAX fell on Thursday . . . → Read More: DAX, DOW and FTSE Retreat as Rate Hike Bets Keep Investors on Edge

S&P 500 Dips on Poor JP Morgan & Morgan Stanley Earnings

SPX, MS, JPM Analysis and Talking Points US earnings season gets off to a weak start. JPM & MS Miss Expectations.

US earning season gets off to a weak start as the major US banks kick off proceedings. Both JP Morgan (JPM) and Morgan Stanley (MS) reported lower than expected financial figures for . . . → Read More: S&P 500 Dips on Poor JP Morgan & Morgan Stanley Earnings

Navigating EUR/USD Around Parity: Trade Setup and Levels Ahead of ECB

EUR/USD Analysis July 21st – crucial for the euro: ECB rate decision, eve of Nord Stream resumption EUR/USD range potential around parity as the psychological level holds, for now. IG Client Sentiment reaches extreme levels as trades attempt to call a bottom July 21st is a Crucial Date for the Euro

The 21st . . . → Read More: Navigating EUR/USD Around Parity: Trade Setup and Levels Ahead of ECB

Euro Forecast: Positives Few and Far Between – Setups for EUR/GBP, EUR/JPY, EUR/USD

Advertisement Euro Outlook: None of the major EUR-crosses suggest that the lows are in just yet, from a technical perspective. EUR/JPY rates have broken their multi-month uptrend, EUR/GBP rates have experienced a failed bullish breakout, and EUR/USD rates just touched parity. Per the IG Client Sentiment Index, EUR/JPY and EUR/USD rates have bearish . . . → Read More: Euro Forecast: Positives Few and Far Between – Setups for EUR/GBP, EUR/JPY, EUR/USD

US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

USD/ZAR, USD/TRY Talking Points: Has a hot US CPI print Solidified Another 75b/p Rate Hike?

Persistent inflation has jeopardized the demand for EM (emerging market) currencies with lockdowns in China and USD strength providing an additional catalyst for developing nations.

For the South African Rand (ZAR), falling commodity prices and a reduction . . . → Read More: US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

DAX, DOW and FTSE Sink as CPI Jump Bolsters Fed Hike Bets

DAX 40:Selloff Continues Despite a Fall in Inflation Numbers. FTSE 100:Slumps as Upbeat GDP Cannot Override Lingering Recession Fears. DOW JONES:Tumbles on the Back of Red-Hot Inflation Numbers.

What is Earnings Season and What to Look for in Earnings Reports?

DAX 40: Selloff Continues Despite a Fall in Inflation Numbers

The . . . → Read More: DAX, DOW and FTSE Sink as CPI Jump Bolsters Fed Hike Bets

USD/CAD: Bank of Canada Hikes by 100 Basis Points

Bank of Canada, USDCAD – Talking Points Bank of Canada hikes by 0.75% as inflation remains elevated USDCAD spikes lower after lager-than-expected hike

The Bank of Canada elected to raise it’s benchmark interest rate by 1.00% as the central bank continues to battle rampant and historic inflation. This morning’s rate hike brings the . . . → Read More: USD/CAD: Bank of Canada Hikes by 100 Basis Points

Russell 2000 Index – Further Downhill Hiking Expected

Russell 2000 Index – 4 Hour Timeframe – July 13 2022

Source: TradingView, prepared by Zorrays Junaid

Elliott Wave Breakdown

As per the 4-hour time frame above the Russell 2000 is playing within an Elliott Wave Double Correction. It formed a new low which was subwave (i) of wave ((c)) . . . → Read More: Russell 2000 Index – Further Downhill Hiking Expected

S&P 500 Marches Higher as Traders Prepare for Major Event Risk

S&P 500 – Talking Points S&P 500 slowly creeps higher toward 3900 US CPI data on Wednesday comes into focus BoC rate decision, PPI, & consumer sentiment data also on tap

The S&P 500 advanced on Tuesday as traders eagerly away Wednesday’s US CPI print. Following a tough Monday session that was dominated . . . → Read More: S&P 500 Marches Higher as Traders Prepare for Major Event Risk

Bitcoin (BTC) Treads Cautiously Ahead of US CPI – USD Strength Holds

Bitcoin Price Forecast: USD strength holds – strong employment data places US inflation in the spotlight, EM Currencies and equities fall Bitcoin fails to hold above $20,000, gloomy outlook reduces the appeal of cryptocurrency Price action remains within a well-defined range with Doji candles highlighting indecision. US CPI, Bitcoin and Interest Rates

The . . . → Read More: Bitcoin (BTC) Treads Cautiously Ahead of US CPI – USD Strength Holds

Active vs Passive Investing: Top Stock Investing Tips

Active and passive investing has been at the forefront of financial debate in recent years. Experts and analysts have strong opinions on the topic but there is no debate that both parties have valid points to consider when tackling this sensitive subject. This article aims to provide the relevant information to equip . . . → Read More: Active vs Passive Investing: Top Stock Investing Tips

DAX, DOW and FTSE Slip as Investors Shelter in Havens

DAX 40:Lower as ZEW Economic Sentiment Disappoints. FTSE 100:Indecisive Despite Continued Decline in Retail Sales, PM Battle Heats Up. DOW JONES:Down as Earnings Season Comes into Focus.

Equities Q3 2022 Forecast

DAX 40: Lower as ZEW Economic Sentiment Disappoints

The Dax remains pressured in a broad China-covid driven risk move alongside . . . → Read More: DAX, DOW and FTSE Slip as Investors Shelter in Havens

USD/JPY Price Outlook: US & Japan to Address FX Moves, USDJPY at 24-Year High

USD/JPY News and Analysis US, Japan agree to work together to address undesirable FX Volatility (G20 meeting on Friday and Saturday) Key USD/JPY technical levels ahead of US CPI data tomorrow Major Risk Events: US CPI, retail sales and Michigan consumer sentiment US, Japan Agree to Address Undesirable FX Volatility

On Tuesday, U.S. . . . → Read More: USD/JPY Price Outlook: US & Japan to Address FX Moves, USDJPY at 24-Year High

FX Week Ahead – Top 5 Events: Eurozone Economic Sentiment; UK GDP; US Inflation Rate; BOC Rate Decision; Australia Jobs Report

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Advertisement FX Week Ahead Overview: The Bank of England’s concerns about UK growth will soon be realized, as the upcoming UK GDP report is expected to show no growth for the three months through May. The June US inflation rate (CPI) report will give the ammunition the Federal Reserve . . . → Read More: FX Week Ahead – Top 5 Events: Eurozone Economic Sentiment; UK GDP; US Inflation Rate; BOC Rate Decision; Australia Jobs Report

EUR/USD Slumps and Flirts with Parity on EU Energy Crisis; US Inflation Data Eyed

EUR/USD OUTLOOK: EUR/USD sinks on Monday, hitting its lowest level in nearly two decades and flirting with exchange parity Fears that Russia may indefinitely shut down gas supplies to the European Union appears to be one of the main bearish drivers for euro June U.S. CPI data will steal the limelight this week. The . . . → Read More: EUR/USD Slumps and Flirts with Parity on EU Energy Crisis; US Inflation Data Eyed

S&P 500 Under Pressure as Evening Star Formation Starts to Build

S&P 500 – Talking Points S&P 500 begins week on the backfoot, rallies above 3900 continue to fail Evening star on the daily chart paints ominous picture for S&P 500 The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our . . . → Read More: S&P 500 Under Pressure as Evening Star Formation Starts to Build

Gold Price Forecast: Gold Breaks Down to Key Support – CPI on Deck

Gold Talking Points: Gold prices have pushed down to key support at 10-month lows. USD strength, as driven by inflation has been a strong theme of late and that’s helping to drive the move in Gold – this week brings a CPI print out of the US on Wednesday and this could produce some . . . → Read More: Gold Price Forecast: Gold Breaks Down to Key Support – CPI on Deck

EUR/USD Update: Nord Stream Goes Offline, EURUSD Attempts Parity

EUR/USD News and Analysis Germany’s biggest single gas pipeline shuts off for routine maintenance Key EUR/USD technical levels ahead of the next push towards parity Major risk events: US CPI, Retail Sales and Germany CPI Advertisement Germany’s Biggest Single Gas Pipeline Shut off for Maintenance

The much-awaited day has arrived – Nord Stream . . . → Read More: EUR/USD Update: Nord Stream Goes Offline, EURUSD Attempts Parity

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, CPI, Canadian Dollar, BoC

Market sentiment improved this past week, with information technology shares leading the way. On Wall Street, the Nasdaq 100 gained 4.71% while Dow Jones futures gained just 0.87%. Things were also looking good elsewhere. In Europe, the DAX 40 gained 1.58% while the Euro Stoxx 50 pushed forward 1.69%. Meanwhile, Japan’s Nikkei 225 . . . → Read More: Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, CPI, Canadian Dollar, BoC

Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

S&P 500, FTSE 100 Analysis and News S&P 500 | All or Nothing on US CPI DAX 40 |Concerns Over Russia Turning Back On Gas Flows S&P 500 | All or Nothing on US CPI

Equity markets have kicked off H2 on the front foot with the S&P 500 on course to record . . . → Read More: Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Rate Decision

Canadian Dollar Talking Points

USD/CAD extends the series of lower highs and lows from the yearly high (1.3083) even as Canada’s Employment report shows an unexpected decline in job growth, and the exchange rate may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank . . . → Read More: USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Rate Decision

EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

Euro Fundamental Forecast: Bearish Germany records first trade deficit in 30 years as imported energy prices take hold Is the ECB too late to hike rates and Germany’s main gas pipeline to undergo routine maintenance from next week Major risk events: ZEW sentiment, US CPI, retail sales data and Michigan consumer sentiment Fundamental Headaches . . . → Read More: EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum

US DOLLAR OUTLOOK: BULLISH The U.S. dollar, measured by the DXY index, rallies in the week and trades near multi-year highs heading into the weekend The near-term outlook remains bullish for the greenback June U.S. inflation data next week could be a positive catalyst for Treasury rates and the DXY index

Most Read: . . . → Read More: US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum

Bitcoin (BTC), Ethereum (ETH) Forecasts – Grinding Higher in Quiet Conditions

Bitcoin (BTC), Ethereum (ETH) Charts and Analysis: Bitcoin makes a failed attempt at $22.5k in quiet market conditions. Ethereum edging higher but off a low base.

Another fairly quiet week in the cryptocurrency space with most coins trading in a well-defined short term range. Bitcoin has been trading either side of $20k for . . . → Read More: Bitcoin (BTC), Ethereum (ETH) Forecasts – Grinding Higher in Quiet Conditions

Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

AUSTRALIAN DOLLAR FORECAST: NEUTRAL The Australian Dollar remains hostage to external factors for now RBA rate hikes arrive and exporters revel in prime trade conditions An aggressively hawkish Fed presents risks. Will China’s stimulus rescue sentiment?

The Australian Dollar has had another week of ups and downs as the machinations of global markets . . . → Read More: Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

Crypto Latest: BTC/USD Boosted by Key Levels, Can Uptrend Hold?

Bitcoin, crypto Talking Points: Bitcoin breaks $20,000 despite a positive NFP reading $22,000 Remains as key psychological resistance Will a break of technical resistance allow BTC/USD to climb higher?

Cryptocurrency has taken a beating this year as fundamental factors remain the prominent drivers of price action.

While the crypto industry has experienced . . . → Read More: Crypto Latest: BTC/USD Boosted by Key Levels, Can Uptrend Hold?

British Pound (GBP) Weekly Forecast: NFP Beat Sets Up GBP for Further Downside

POUND STERLING TALKING POINTS UK politics bring brief relief for GBP. Spotlight on UK GDP and U.S. CPI next week. Price action favors downside bias. Advertisement GBP/USD FUNDAMENTAL BACKDROP

The reprieve that pound sterling has received from the resignation of Prime Minister Boris Johnson may be short-lived as the lingering woes present within . . . → Read More: British Pound (GBP) Weekly Forecast: NFP Beat Sets Up GBP for Further Downside

DAX, DOW and FTSE Choppy as Positive Jobs Report Boosts Hopes of a Soft Landing

DAX 40:Higher as Psychological Level Halts Gains. FTSE 100:Lower as Markets Digest Political Turmoil and Recession Fears. DOW JONES: Flat as US Jobs Report Exceeds Expectations.

Equities Q3 2022 Forecast

DAX 40: Higher as Psychological Level Halts Gains

The Dax traded lower in European trade before recovering to post gains of . . . → Read More: DAX, DOW and FTSE Choppy as Positive Jobs Report Boosts Hopes of a Soft Landing

June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6%

US JUNE JOBS REPORT KEY POINTS: U.S. employers add 372,000 payrolls in June, above expectations of a gain of 268,000 jobs The unemployment rate holds steady at 3.6%, in line with market forecasts Average hourly earnings advances 0.3% on a monthly basis, bringing the annual figure to 5.1% from 5.3% in May

Most . . . → Read More: June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6%

Equities Q3 2022 Forecast: Bearish Momentum Remains Amid Rising Recession Risks

Our Q2 forecast for equities had centred around a mentality shift from a “buy the dip bias” to a “sell the rip” with the Federal Reserve and central banks alike in a tightening overdrive to fight inflation pressures. Consequently, with inflation yet to have peaked and the Fed raising interest rates in 75bps . . . → Read More: Equities Q3 2022 Forecast: Bearish Momentum Remains Amid Rising Recession Risks

Bitcoin Bullish, Euro Selling Relentless, Trading NFP

NFP, EUR/USD, Bitcoin Analysis and Talking Points Markets Positioned For Weaker NFP Report Time To Go Bullish Bitcoin?

First and foremost, my heartfelt condolences to the family, friends and supporters of Former Japanese PM Shinzo Abe. At the time of writing, it has been confirmed that the Former PM has died after being . . . → Read More: Bitcoin Bullish, Euro Selling Relentless, Trading NFP

Crude Oil Update: Brent Grapples With Rampant Dollar While Supply Concerns Remain

BRENT CRUDE OIL (LCOc1) ANALYSIS Demand-side factors bolstered by potential Chinese stimulus package. Kazakhstan oil flows could be disrupted. NFP in focus as dollar looks unstoppable. BRENT CRUDE OIL FUNDAMENTAL BACKDROP

Brent crude oil remains above the $100/barrel mark after yesterday’s announcement that China plans to stimulate its economy via a large stimulus . . . → Read More: Crude Oil Update: Brent Grapples With Rampant Dollar While Supply Concerns Remain

EUR/USD Parity Within Touching Distance as USD Surges Ahead of NFP

EUR/USD Analysis Euro selling surges ahead of NFP data print later today EUR/USD key technical levels analyzed Main risk events: US NFP, retail sales, Uni of Michigan consumer sentiment and CPI inflation Advertisement Euro Selling Picks up Ahead of NFP Data

The euro continues to sell-off into the weekend as the bearish trend . . . → Read More: EUR/USD Parity Within Touching Distance as USD Surges Ahead of NFP

British Pound Outlook: GBP/USD Up as Traders Look Past UK Political Turmoil. Now What?

BRITISH POUND KEY POINTS: GBP/USD rises after UK Prime Minister Boris Johnson announces his resignation Although political uncertainty may cause volatility from time to time, it is unlikely to become the main driver of sterling in the short term The Bank of England’s monetary policy and the UK macroeconomic outlook should be more relevant . . . → Read More: British Pound Outlook: GBP/USD Up as Traders Look Past UK Political Turmoil. Now What?

US-Crude-Oil-and-Copper-Rebound-Amid-Hopes-of-Chinese-Stimulus-

Copper, US Crude (WTI) Oil, Talking Points: Copper rebounds from 20-month low but CCI remains in oversold territory. Crude Oil (WTI) climbs above $100 despite rising inventories Commodity prices remain vulnerable to changes in monetary policy and rising recession fears Copper Bounces Off Support Amid Hopes of Chinese Stimulus

Commodities are trading higher . . . → Read More: US-Crude-Oil-and-Copper-Rebound-Amid-Hopes-of-Chinese-Stimulus-

S&P 500 Looks to Extend Recent Gains Ahead of NFPs

S&P 500 – Talking Points S&P 500 looks to reclaim 3900 as earnings season comes into view Fed minutes reaffirm Fed’s intended hawkish path to combat inflation WTI up by 5% pushes struggling energy sector higher

The S&P 500 built on recent gains on Thursday, as risk broadly advanced during the New York . . . → Read More: S&P 500 Looks to Extend Recent Gains Ahead of NFPs

DAX, DOW and FTSE March Higher as Constructive Risk Sentiment Prevails

DAX 40:Gains as German Industrial Production Scraped Higher. FTSE 100:Marches Higher with PM Boris Johnson Resigning. DOW JONES:Edges Higher as Investors Digest FOMC Minutes. DAX 40: Gains as German Industrial Production Scraped Higher

The Dax recorded gains in European trade as the latest data showed Germany’s industrial output scraped higher in May. . . . → Read More: DAX, DOW and FTSE March Higher as Constructive Risk Sentiment Prevails

BREAKING: Boris Johnson Resigns as Prime Minister, What Next?

Boris Johnson, GBP/USD, Analysis and News Boris Johnson Resigns, Will Serve Until New Leader is in Place Timeline of Leadership Contest to be Announced Next Week UK Assets See Muted Response as Macro Outlook Remains Key

Boris Johnson confirms that he will step down as Prime Minister following a wave of resignations within . . . → Read More: BREAKING: Boris Johnson Resigns as Prime Minister, What Next?

Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF

Euro Talking Points: Last Friday saw Euro-zone inflation print at 8.6% v/s 8.4% expected with core coming in at 3.7% v/s a 3.9% expectation. At this stage, rate hike expectations around the ECB remain very low and that’s allowed for the currency to fall through the floor against the US Dollar. This seems very . . . → Read More: Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF

ISM Services PMI at 55.3, Business Activity Grows More than Expected, S&P 500 Muted

ISM SERVICES KEY POINTS: June ISM services falls to 55.3 from 55.9 in May, topping forecasts The services sector slows less-than-expected, suggesting the economy may be able to avoid a recession in the near-term S&P 500 remains subdued despite positive ISM data, as traders await the FOMC minutes for clues on the Fed’s tightening . . . → Read More: ISM Services PMI at 55.3, Business Activity Grows More than Expected, S&P 500 Muted

DAX, DOW and FTSE Bounce as Sentiment Improves, FOMC Minutes in Focus

DAX 40:Gains as Retail Sales and German Factory Orders Surprise. FTSE 100:Pushes Higher Despite Political Turmoil. DOW JONES:Flat as Markets Await FOMC Minutes for Direction. DAX 40: Gains as Retail Sales and German Factory Orders Surprise.

The Dax pushed higher in European trade on the back of positive data. German factory orders . . . → Read More: DAX, DOW and FTSE Bounce as Sentiment Improves, FOMC Minutes in Focus

Copper’s Decline Overextended but Hinting for a Deeper Correction

Since March 7th peak at 5.03, we have been witnessing a 35% decline until present in Copper. This decline has been continuous, but we are seeing some clues on the charts on the technical side that an overdue stall awaits in Copper.

Let’s look at the weekly chart.

Fibonacci Inversion at . . . → Read More: Copper’s Decline Overextended but Hinting for a Deeper Correction

USD/JPY Price Forecast: Consolidation Ahead of Japanese Elections

USD/JPY Analysis Inflation showing signs of becoming more political in Japan as cost-of-living squeeze continues Key USD/JPY technical levels to consider ahead of the election FOMC minutes and services ISM on the cards before NFP data Advertisement Inflation Becoming Political in Japan Ahead of Elections

The rising cost of living continues to squeeze . . . → Read More: USD/JPY Price Forecast: Consolidation Ahead of Japanese Elections

GBP Breaking News: Rishi Sunak and Sajid Javid Resign from Government as Pressure Mounts on Boris Johnson

GBP, Boris Johnson, UK – Talking Points Rishi Sunak and Sajid Javid resign from Boris Johnson’s government Pressure continues to mount on Johnson over Brexit, inflation and “partygate”

UK Prime Minister Boris Johnson has been dealt yet another critical blow in what has proven to be a difficult year, as Cabinet members Rishi . . . → Read More: GBP Breaking News: Rishi Sunak and Sajid Javid Resign from Government as Pressure Mounts on Boris Johnson

S&P 500 Sinks Along with Oil Prices as Recession Anxiety Reaches Fever Pitch

US STOCKS OUTLOOK: S&P 500 plunges amid mounting recession fears Commodities, such as oil and base metals, also decline as growth concerns weigh on their outlook This article looks at key technical levels to watch for in the S&P 500 in the coming sessions

Most Read: US Dollar Price Action Setups – EUR/USD, . . . → Read More: S&P 500 Sinks Along with Oil Prices as Recession Anxiety Reaches Fever Pitch

South African Rand Crippled by Darkness, Driving USD/ZAR Strength

Rand Dollar Outlook: Eskom Woes Intensify Driving USD/ZAR Higher

The US Dollar is showing no reprieve for the South African Rand as the safe-haven appeal of the greenback and a hawkish Federal Reserve continues to support USD strength.

Visit DailyFX Education to discover how to trade the impact of Politics on Global . . . → Read More: South African Rand Crippled by Darkness, Driving USD/ZAR Strength

Nasdaq 100 Continues to Push Lower as Global Recession Fears Weigh on Sentiment

Nasdaq 100 – Talking Points Nasdaq 100 fails again at 11700 threshold US Dollar, Treasuries bid in flight to quality Recession fears prompt probe of earnings estimates

Risk assets declined following the long weekend in the US as global recession fears drove a risk-off tone during Tuesday’s session. Strong moves overnight across FX . . . → Read More: Nasdaq 100 Continues to Push Lower as Global Recession Fears Weigh on Sentiment

DAX, DOW and FTSE Red as Sentiment Sours, US-China Optimism Fades

DAX 40:Falls as slowdown in economic activity weighs on eurozone. FTSE 100:Slumps as UK services sector struggles, strike action looms. DOW JONES: Trades lower as recession jitters return. DAX 40: Falls as Slowdown in Economic Activity Weighs on Eurozone

The Dax fell in European trade as any early optimism fades, with losses . . . → Read More: DAX, DOW and FTSE Red as Sentiment Sours, US-China Optimism Fades

Euro May Be About to Drop Below Parity Against the US Dollar: Top Trading Opportunities

The Euro stabilized in the second quarter – pausing a downtrend in play since December 2020 – as ECB officials finally signaled a readiness to act against surging inflation. The headline CPI rate hit an eye-watering rate of 8.1 percent in May. The currency found a floor and began to inch upward as . . . → Read More: Euro May Be About to Drop Below Parity Against the US Dollar: Top Trading Opportunities

Growth and Inflation Fears May Have Peaked: Top Trading Opportunities

The second quarter of 2022 worked out as anticipated in the 2Q’22 Top Trading Opportunities: the US S&P 500 continued to outperform the US Nasdaq 100; EUR/USD rates broke through their March 2020 pandemic low at 1.0636; and the US Treasury yield curve (2s10s) moved into inversion territory. More central banks began to . . . → Read More: Growth and Inflation Fears May Have Peaked: Top Trading Opportunities

DAX, DOW and FTSE Edge Higher as Markets Find Composure

DAX 40: Edges Higher Despite Lackluster German Trade Data. FTSE 100: Gains as Energy Stocks Lead the Way. DOW JONES: Flat as the US Celebrates Independence Day. DAX 40: Edges Higher Despite Lackluster German Trade Data

The Daxopened higher in European trade before trimming gains as the session wore on. Germany reported . . . → Read More: DAX, DOW and FTSE Edge Higher as Markets Find Composure

GBP/USD Outlook: Sterling Cements Key Technical Level Ahead of FOMC

Pound Sterling (GBP) Analysis GBP maintains bleak outlook – comments from BoE Bailey GBP/USD Technical Levels Considered (1.2000 remains key) FOMC minutes, NFP provide potential sources of volatility this week Advertisement GBP Maintains Bleak Outlook – Comments from BoE Governor Bailey

The ECB’s version of the Fed’s Jackson Hole Economic Symposium took place . . . → Read More: GBP/USD Outlook: Sterling Cements Key Technical Level Ahead of FOMC

EUR/USD Price Forecast: Global Instability Limiting Euro Upside

EUR/USD TALKING POINTS Recessionary fears grip global markets. Spotlight on anti-fragmentation for Europe. EUR/USD trading at key technical levels. Advertisement EURO FUNDAMENTAL BACKDROP

With the little in the way of market moving events over the weekend, global market including the euro has been left at the mercy of market sentiment. The situation in . . . → Read More: EUR/USD Price Forecast: Global Instability Limiting Euro Upside

Long EUR/GBP – Interest Rate Differentials and Market Pricing: Top Trading Opportunities

After a strong end to 2021 for the pound, 2022 has seen a change in fortunes for EUR/GBP bears. This is partly due to the market’s overexuberance in pricing rate hikes from the Bank of England (BoE) in late 2021 which has since unveiled itself in EUR/GBP price action. My bias for euro . . . → Read More: Long EUR/GBP – Interest Rate Differentials and Market Pricing: Top Trading Opportunities

British Pound Q3 2022 Forecast: The Bank of England – It’s Time to Decide

The second quarter of the year has been a tricky three months for the Bank of England (BoE) as inflation continued to soar – and is expected to rise further – while growth slowed to a crawl, sparking fears that the UK may enter a recession (two consecutive quarters of negative growth). While . . . → Read More: British Pound Q3 2022 Forecast: The Bank of England – It’s Time to Decide

Australian Dollar Trends to Persist in 3Q 2022: Top Trading Opportunities

AUD/USD appeared to be on track to test the yearly low (0.6829) after failing to push above the 50-Week SMA (0.7243), but the exchange rate may consolidate over the near-term as long as it defends the June low (0.6850).

AUD/USD Weekly Chart/Pending Short: AUD/USD

Source: TradingView

As a result, AUD/USD . . . → Read More: Australian Dollar Trends to Persist in 3Q 2022: Top Trading Opportunities

Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities

The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting. Well, that is not entirely true, the Swiss National Bank (SNB) has a long history of surprise announcements with none more surprising than the sudden removal of the EUR/CHF floor early in 2015 which sent markets . . . → Read More: Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities

Bitcoin Q3 2022 Forecast: Where’s the Bottom?

If Q1 was difficult for crypto bulls, Q2 was an absolute disaster… As we head into the third quarter, the macro-outlook is still likely to be challenging for crypto, but we could be nearing a cycle low. Let’s put some perspective around the price action by looking at historical cycles and the . . . → Read More: Bitcoin Q3 2022 Forecast: Where’s the Bottom?

Bullish Japanese Yen – Peak Rates and Oil to Benefit Battered JPY: Top Trading Opportunities

First off, a quick note about my Q2 top trade, which was short GBP/USD, looking for 1.2750-1.2800 from circa 1.3200. The rationale behind this view was that market pricing of monetary tightening was far too aggressive relative to a reluctant hiker in the Bank of England. As it stands, GBP/USD is on course . . . → Read More: Bullish Japanese Yen – Peak Rates and Oil to Benefit Battered JPY: Top Trading Opportunities

Short USDJPY on Risk Trends, Long EURUSD on Rates: Top Trading Opportunities

Passing into the second half of the trading year, there is considerable upheaval in the fundamental backdrop. All but the technical analyst purists recognize the implications for trade opportunities. With systemic threats of rampant inflation, aggressive interest rate policy and rising fears of recession, it is likely that the normal slide in ‘summer . . . → Read More: Short USDJPY on Risk Trends, Long EURUSD on Rates: Top Trading Opportunities

Oil Q3 2022 Forecast: Rising Output to Coincide with Easing Demand

The price of oil has fallen roughly 20% from the 2022 high ($130.50) as US President Joe Biden takes further steps to combat high energy prices. Crude may face a further decline over the coming months as rising output is met with easing demand.

US Output Approaches Pre-Pandemic Levels

The Biden administration . . . → Read More: Oil Q3 2022 Forecast: Rising Output to Coincide with Easing Demand

Staying Bearish on Stocks: Top Trading Opportunities

It’s been a rough year for stocks but I don’t think that the low is in just yet. Maybe something along those lines happens in Q3, some type of bottoming effect, but I’m not anticipating as such from where we’re at now.

The Fed has shifted and at this point, that . . . → Read More: Staying Bearish on Stocks: Top Trading Opportunities

Euro Q3 2022 Forecast: Euro May Fall Anew as Debt Crisis Fears Dilute ECB Rate Hikes

The Euro has steadily depreciated against a basket of major currencies since Dec. 2020. Tellingly, that turning point coincided with topping gold prices and the start of a creep higher in Fed rate hike expectations. The US central bank had signaled it was done adding to Covid-inspired stimulus measures.

Not surprisingly, the . . . → Read More: Euro Q3 2022 Forecast: Euro May Fall Anew as Debt Crisis Fears Dilute ECB Rate Hikes

GBP/AUD May Unwind Losses as BOE/RBA Implied Rate Paths Come Together: Top Trading Opportunities

The British Pound suffered heavy losses through the first quarter of 2022. GBP/AUD dropped more than 10% from its January peak before hitting multi-year lows in April. The British Pound looked well-positioned to continue gaining against the Australian Dollar. The relatively dovish Reserve Bank of Australia (RBA) put the Aussie Dollar in . . . → Read More: GBP/AUD May Unwind Losses as BOE/RBA Implied Rate Paths Come Together: Top Trading Opportunities

Bitcoin Stalks Equities After Bloodbath Week

Bitcoin, Crypro Outlook: Bitcoin remains distressed below $20,000 USD strength persists allowing USD strength to hold BTC/USD divergence from S&P500 Problematic?

With a high correlation existing between equities and Cryptocurrency, Tech stocks have continued to slide at a slower pace as those of their Technological counterparts., drawing BTC/USD to experience over 57% decline . . . → Read More: Bitcoin Stalks Equities After Bloodbath Week

US Dollar Q3 2022 Forecast: Dollar’s Run Relies on Rates, Recession and Risk

The Dollar performed exceptionally well through the first half of 2022 – and more broadly over the preceding year. The fundamental stars aligned between a leading Fed tightening regime, perceptions of a greater cushion for the US economy amid forecasts of a global slowdown and the reliability of the currency’s renowned safe haven . . . → Read More: US Dollar Q3 2022 Forecast: Dollar’s Run Relies on Rates, Recession and Risk

Gold Price Forecast: Gold Breakdown to 4-Month Lows – What's in Store for Q3?

Gold talking points:

Gold prices spent much of the past six weeks in a range. The final week of Q2 was especially choppy with little trend in-place. But, as I looked at on Tuesday, there was the initial makings of some bearish potential as produced by a descending triangle-like formation.

Well, . . . → Read More: Gold Price Forecast: Gold Breakdown to 4-Month Lows – What's in Store for Q3?

US Dollar Holds Gains Despite Weak ISM Manufacturing Data in June

ISM MANUFACTURING KEY POINTS: ISM manufacturing drops to 53.0 in June from 56.1 in May, disappointing market expectations The goods producing sector of the economy grows at the slowest pace since June 2020 While the Federal Reserve has retained a hawkish bias, rapidly weakening economic activity may force policymakers to pivot later in the . . . → Read More: US Dollar Holds Gains Despite Weak ISM Manufacturing Data in June

Euro Forecast: ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD

Advertisement Euro Outlook: The Euro has reversed its losses on the day after details of the ECB’s anti-fragmentation measures were revealed. EUR/JPY and EUR/GBP rates are still in bullish breakout territory, while EUR/USD rates remain rangebound. Per the IG Client Sentiment Index, EUR/JPY and EUR/USD rates have bearish biases while EUR/GBP rates have . . . → Read More: Euro Forecast: ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD

Crude Oil Ends Seven-Month Winning Streak While EU Stocks Suffer

Oil, Equities Outlook: CAC 40 falls below prior psychological support, DAX, FTSE and STOXX extend losses Crude Oil experiences its first monthly decline since November last year – OPEC+ agrees to increase supply by 648,000 barrels per day in August Inflation, interest rates and recession fears remain at the forefront of sentiment Inflation and . . . → Read More: Crude Oil Ends Seven-Month Winning Streak While EU Stocks Suffer

DAX, DOW and FTSE Fall as the Quarter Looks Set to End in Turmoil

DAX 40:Sinks as Recession Fears Continue to Mount. FTSE 100: Declines as UK Business Confidence Hits 15-Month Low. DOW JONES:Falls as Growth Concerns Weigh Heavily. DAX 40: Sinks as Recession Fears Continue to Mount

The Dax sank in European trade as investors fret that the latest show of central bank determination to . . . → Read More: DAX, DOW and FTSE Fall as the Quarter Looks Set to End in Turmoil

May Core PCE at 4.7%, S&P 500 Bruised Despite Better-than-Expected Inflation Data

US PCE REPORT KEY DETAILS: May U.S. consumer spending advances 0.2% versus 0.4% expected Core PCE, the Fed’s favorite inflation gauge, rises 0.3% month-on-month and 4.7% from a year earlier, one tenth of a percent below expectations S&P 500 trims some losses after inflation data comes better-than-expected, but remains in negative territory amid sour . . . → Read More: May Core PCE at 4.7%, S&P 500 Bruised Despite Better-than-Expected Inflation Data

US Dollar Latest – USD Remains Bid as Risk Markets Continue to Sour

US Dollar Price and Chart Analysis The short-term US dollar downtrend has been broken convincingly. Risk-off sentiment dominates ahead of portfolio rebalancing. US PCE is the next look at inflationary pressures.

The US dollar (DXY) looks set to test highs last seen in December 2002 as risk markets continue to crumble. The Nasdaq . . . → Read More: US Dollar Latest – USD Remains Bid as Risk Markets Continue to Sour

Recession Fears Loom Dragging Stocks & Bitcoin (BTC/USD) Lower

European Equities, Inflation, Crypto Talking Points ECB forum continues with the Fed, ECB and BoE maintaining a hawkish narrative CAC 40, IBEX 35 and EU Stoxx Index end in the red but DAX 40 leads the way Bitcoin (BTC/USD) trades side-ways, while Ethereum remains faithful to $1,100 Europe Fundamentals, ECB Forum and Inflation Fears . . . → Read More: Recession Fears Loom Dragging Stocks & Bitcoin (BTC/USD) Lower

US Dollar Rallies on Powell’s Hawkish Remarks, Fed’s Stern Resolve to Tame Inflation

US DOLLAR OUTLOOK: The U.S. dollar rallies on Wednesday after the Fed chairman offers hawkish comments at an ECB hosted summit Powell says that the FOMC is committed to bring inflation down to 2% and that the process may involve some pain This article explores key technical levels to watch in the DXY index . . . → Read More: US Dollar Rallies on Powell’s Hawkish Remarks, Fed’s Stern Resolve to Tame Inflation

DAX, DOW and FTSE Mixed as Sentiment Tug of War Continues

DAX 40:Struggles as German State Inflation Data Fails to Inspire. FTSE 100:Runs Out of Steam as Fears of a Global Slowdown Return. DOW JONES: Higher Following Yesterday’s Rout Amid Grim Consumer Confidence Picture. DAX 40: Struggles as German State Inflation Data Fails to Inspire

The Dax struggled in early European trade before . . . → Read More: DAX, DOW and FTSE Mixed as Sentiment Tug of War Continues

EUR/USD Price Analysis: German CPI Falling, EUR/CHF Hits Parity

German CPI Figures

HICP Prelim: M/M -0.1% (Exp. 0.4%), Previous (1.1%), Y/Y 8.2% (Exp. 8.8%), Previous (8.7%)CPI Prelim: M/M 0.1% (Exp. 0.3%), Previous (0.9%), Y/Y 7.6% (Exp. 8%), Previous (7.9%)

Following the lower than prior regional German CPI data, the national figures fell short of analyst estimates, with the monthly harmonised reading . . . → Read More: EUR/USD Price Analysis: German CPI Falling, EUR/CHF Hits Parity

EUR/GBP Latest – Respecting the Bullish Trend For Now

EUR/GBP Chart and Analysis Multi-week trend remains in place. Central Bank speak on tap.

The combination of a weak British Pound and a firming Euro has seen EUR/GBP rally over four big figures from its mid-April low. The pair have respected a multi-week upward trend, especially the supportive trend line, and the move . . . → Read More: EUR/GBP Latest – Respecting the Bullish Trend For Now

S&P 500, Nasdaq 100 Under Pressure as Key ECB Forum Looms

S&P 500, Nasdaq 100 – Talking Points S&P 500 fails to hold 3900, falls to support at 3860 Nasdaq 100 falls below 12000 despite falling Treasury yields Lagarde, Powell, Bailey all scheduled to speak on Wednesday

Risk assets pulled back after the opening bell in New York as investors remain on edge over . . . → Read More: S&P 500, Nasdaq 100 Under Pressure as Key ECB Forum Looms

Bitcoin Technical Levels: BTC/USD Range Holds, Is a Breakout Near?

Bitcoin (BTC) Technical Outlook China Eases Covid-19 Restrictions, Bitcoin Gains

Risk assets have edged slightly higher after China announced an easing of Covid-19 restrictions that has had a major impact on business productivity and economic growth.

Visit the DailyFX Educational Center to discover how macro fundamentals impact markets

Although the boost . . . → Read More: Bitcoin Technical Levels: BTC/USD Range Holds, Is a Breakout Near?

US Consumer Confidence Worsens as Sky-High Inflation Hits Household Budgets

US CONSUMER CONFIDENCE KEY POINTS: U.S. consumer confidence falls to 98.7 in June from a downwardly revised figure of 103.2 in May, surprising to the downside The present situation and the expectations indicators both decline on a monthly basis S&P 500 trims gains after the report crosses the wire, but manages to remain in . . . → Read More: US Consumer Confidence Worsens as Sky-High Inflation Hits Household Budgets

DAX, DOW and FTSE Gain Following Sentiment Boost from China

DAX 40:Moves Higher as ECB President Christine Lagarde Vows Nimble ECB Policy.

FTSE 100:Rallies Higher as Commodity Linked Stocks Thrive. DOW JONES: Gains as Inflation Risks Fail to Sour Sentiment. DAX 40: Moves Higher as ECB President Christine Lagarde Vows Nimble ECB Policy

The Dax opened in the green in European trade . . . → Read More: DAX, DOW and FTSE Gain Following Sentiment Boost from China