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S&P 500 & FTSE 100 Forecasts for the Week Ahead

S&P 500, FTSE 100 Analysis and News S&P 500 | Beware of the Mid-Month Pullback FTSE 100 | Risks Geared to a Break of 7000 S&P 500 | Beware of the Mid-Month Pullback

A marginally softer week for the S&P 500 which continues to hover around the 4500 level. The index looks . . . → Read More: S&P 500 & FTSE 100 Forecasts for the Week Ahead

US Dollar Outlook Hinges on Inflation Report Amid Fed Blackout Period

US Dollar Talking Points

The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation.

Fundamental Forecast for US Dollar: Neutral

The US Dollar Index (DXY) has cleared the opening . . . → Read More: US Dollar Outlook Hinges on Inflation Report Amid Fed Blackout Period

Oil Weekly Forecast: The Impact of Ida, OPEC Supply Boost and China’s Oil Reserves Auction

Brent Crude Oil Fundamentals: OPEC to potentially downgrade optimistic 2022 oil demand forecast on Monday Effects of Hurricane Ida on oil prices remains modest China auctions oil reserves to shelter local refining businesses from increasing raw material prices Advertisement OPEC Set to Downgrade Optimistic Oil Demand Forecast in Light of Delta Risks

OPEC . . . → Read More: Oil Weekly Forecast: The Impact of Ida, OPEC Supply Boost and China’s Oil Reserves Auction

ESG Investing Trends to Watch: Gender Diversity (SHE) Index ETF Retreats from All-Time High

ESG Investing Trends:

ESG (Environmental, Society & Governance) investing is a trend that has recently gained traction as millennials shift their focus to sustainable finance and impact investing, boosting demand for indices and ETF’s promoting diversity and inclusion.

Thomson Reuters Diversity & Inclusion Index Performance Chart

Source: Refinitiv

. . . → Read More: ESG Investing Trends to Watch: Gender Diversity (SHE) Index ETF Retreats from All-Time High

MPs Vote To Hike NI Tax, What Does This Mean For GBP?

GBP Analysis & News UK MPs approve a controversial bill to raise taxes for businesses and employees GBP drops on announcement as many fear it will hinder economic recovery UK CPI and PPI in focus next week

Boris Johnson has put his controversial new plan to raise the national insurance tax by 1.25% . . . → Read More: MPs Vote To Hike NI Tax, What Does This Mean For GBP?

NZD/USD to Threaten Monthly Opening Range Ahead of NZ GDP Report

New Zealand Dollar Talking Points

NZD/USD appears to be on track to test the monthly high (0.7170) as it trades back above the 200-Day SMA (0.7115), and the exchange rate may threaten the opening range for September ahead of New Zealand’s Gross Domestic Product (GDP) report as the economy is expected to grow . . . → Read More: NZD/USD to Threaten Monthly Opening Range Ahead of NZ GDP Report

Breaking News: Canadian Employment Change Misses Estimate, USD/CAD Reaction

Advertisement Canadian Employment Change (90.2k vs 100k Estimate)

90.2k jobs have been added to the Canadian economy to mark 3 successive months of labor force additions. The August additions have subsequently resulted in a better than forecast (7.3%) drop in unemployment to reach 7.1%. The Canadian dollar had been trending lower . . . → Read More: Breaking News: Canadian Employment Change Misses Estimate, USD/CAD Reaction

Australian Dollar Forecast: Remaining Bearish on AUD Rallies

AUD/USD Analysis & News

Risk Trends Dictating Direction for FX Bearish on AUD Rallies Risk Trends Dictating Direction for FX

A relatively tame session thus far across the FX space, which continues to lack notable direction. For currency markets, given that there is little to get excited about on the economic calendar, . . . → Read More: Australian Dollar Forecast: Remaining Bearish on AUD Rallies

Crypto Latest: Ether (ETH) Leads the Losses Despite NFT Popularity, Bitcoin (BTC) Sees Higher Lows

Key Talking Points: Crypto selloff continues as buyers struggle to consolidate momentum Ether could take the top spot as NFTs become more popular Advertisement

Cryptocurrencies are struggling to get a grip on Friday after the meltdown staged on Tuesday. Bitcoin is just managing to hold above $46,000 after dropping more than 11% on . . . → Read More: Crypto Latest: Ether (ETH) Leads the Losses Despite NFT Popularity, Bitcoin (BTC) Sees Higher Lows

British Pound (GBP) Price Outlook: EUR/GBP May Rally, UK Inflation Looms

GBP price, news and analysis: Thursday’s tumble in EUR/GBP after the European Central Bank just threw a bone to the hawks on its Governing Council could well be reversed next week, with the cross rallying. UK economic data released Friday were mixed, shifting the focus to the coming week’s UK unemployment and, especially, inflation . . . → Read More: British Pound (GBP) Price Outlook: EUR/GBP May Rally, UK Inflation Looms

Hang Seng Index Higher as Risk Turns On But AUD/USD Can’t Catch A Bid. Where To From Here?

Hang Seng Index, Nikkei 225, WTI Crude Oil, AUD/USD – Talking Points

Asian equities defied the US lead and moved higher on optimistic news that US President Biden and China President Xi Jinping had talked on the phone for 90 minutes. White House officials and Chinese state media both reported that the talks . . . → Read More: Hang Seng Index Higher as Risk Turns On But AUD/USD Can’t Catch A Bid. Where To From Here?

New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data

New Zealand Dollar, NZD/USD, Crude Oil, Electronic Retail Card Spending – Talking Points New Zealand Dollar holds despite broadly weaker US Dollar Crude and Brent oil prices drop after China releases oil reserves New Zealand electronic retail card spending drops in August NZD/USD eyes the 200-day SMA after early-week losses moderate Friday’s Asia-Pacific Forecast . . . → Read More: New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data

New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD

New Zealand Dollar, AUD/NZD, EUR/NZD, GBP/NZD – Talking Points AUD/NZD continuing lower off of head and shoulders pattern EUR/NZD remains weak, pair eyes March low below 1.65 GBP/NZD under control of bears, possible bear flag forming AUD/NZD Technical Analysis

AUD/NZD bias remains skewed to the downside as bears continue to drive price action . . . → Read More: New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD

Mexican Peso Outlook: Choppy Price Action Likely Near-Term in USD/MXN

MEXICAN PESO OUTLOOK: Mexico’s August inflation was mixed, but largely in line with Banxico’s recent projections Lack of a major upside surprise on the CPI front may lead the central bank to maintain monetary policy unchanged at its September meeting Near term, USD/MXN could trade with a neutral bias unless risk-off sentiment hits the . . . → Read More: Mexican Peso Outlook: Choppy Price Action Likely Near-Term in USD/MXN

Euro Forecast: After ECB, Ranges Prevail in EUR/GBP, EUR/JPY, EUR/USD

Advertisement Euro Outlook: The September ECB rate decision brought no surprises as the small adjustment to the QE program was telegraphed well in advance. The drop in US Treasury yields is outpacing that of European yields, giving levity to EUR/USD rates, while sinking EUR/GBP and EUR/JPY along the way. Per the IG Client . . . → Read More: Euro Forecast: After ECB, Ranges Prevail in EUR/GBP, EUR/JPY, EUR/USD

Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data

Oil Price Talking Points

The price of oil appears to be stuck within the opening range for September amid mixed data prints coming out of the US economy, and crude may continue to consolidate over the remainder of the week as it struggles to push back above the 50-Day SMA ($69.93).

Advertisement Oil . . . → Read More: Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data

Australian Dollar Forecast: AUD/USD Weakness Unfazed After Soft Chinese Inflation

Australian Dollar, AUD/USD, Chinese Inflation, CPI, PPI – Talking Points Australian Dollar weakness unfazed on Chinese economic data Chinese inflation growth slows to 0.8% versus expected 1.0% AUD/USD breaks under 50-day SMA as weakness continues

The Australian Dollar was little changed versus the US Dollar after Chinese inflation, and factory gate prices for . . . → Read More: Australian Dollar Forecast: AUD/USD Weakness Unfazed After Soft Chinese Inflation

Natural Gas Outlook: Bias Remains Skewed Higher Amid Tightened Supply

Natural Gas, Hurricane Ida, Federal Reserve, Inflation – Talking Points Natural gas futures break out to a fresh 7-year high as supply remains constrained Fears over more permanent inflation amplified by rising commodity prices Large portion of US supply in the Gulf of Mexico remains offline following Hurricane Ida

Natural gas futures broke . . . → Read More: Natural Gas Outlook: Bias Remains Skewed Higher Amid Tightened Supply

Chinese Yuan Forecast: USD/CNH Eyes China CPI, PPI Figures in APAC Trade

Chinese Yuan, USD/CNH, Inflation, CPI, Covid – Talking Points Chinese Yuan in focus ahead of China’s August inflation data points CPI and PPI data likely to influence near-term PBOC policy decisions USD/CNH trades within triangle while SMAs near bullish crossover Thursday’s Asia-Pacific Outlook

Asia-Pacific trading looks set for another risk-off session on Thursday . . . → Read More: Chinese Yuan Forecast: USD/CNH Eyes China CPI, PPI Figures in APAC Trade

Financials and Energy Stocks May Have Upside Potential, XLF and XLE Look Attractive

XLF AND XLE OUTLOOK: The U.S. economy is going through a rough patch, but the situation should improve in the last quarter as delta-variant fears recede As the recovery stabilizes, some cyclical stocks could start to outperform. Two sectors with compelling risk/reward profile over the medium-term are financials and energy The bullish thesis in . . . → Read More: Financials and Energy Stocks May Have Upside Potential, XLF and XLE Look Attractive

Bitcoin (BTC/USD) Finds Support above $45,000 after Steep Decline

Bitcoin (BTC/USD) Outlook: Bitcoin (BTC/USD) finding resistance below $48,000 El Salvador accepts Bitcoin as a legal tender, BTC/USD bulls back off US Dollar rebounds as risk-off sentiment comes into play

After a dismal NFP (Non-Farm Payroll) report last Friday, Bitcoin prices rallied before running into a wall of resistance just below $53,000.

. . . → Read More: Bitcoin (BTC/USD) Finds Support above $45,000 after Steep Decline

Crude Oil, Copper and Iron Ore: US Dollar Haven Flows Pressure Commodities

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Crude Oil, Copper and Iron Ore – Talking Points Crude oil sees rough start to week as growth concerns ramp up Copper’s lackluster performance continues amid rising virus cases US Dollar gains on safe-haven flows, pressuring commodities

Crude oil, copper, and iron ore prices are down this week as . . . → Read More: Crude Oil, Copper and Iron Ore: US Dollar Haven Flows Pressure Commodities

AUD/USD Drop May Continue After Dovish RBA, Wall Street Losses

Australian Dollar, AUD/USD, RBA, Covid, Economic Data – Talking Points Australian Dollar falls versus US Dollar as global risk appetite fades Traders eye ECB decision after RBA stays dovish with tapering extension AUD/USD downside momentum may continue on bearish chart signs Wednesday’s Asia-Pacific Outlook

The Australian Dollar fell versus the US Dollar overnight . . . → Read More: AUD/USD Drop May Continue After Dovish RBA, Wall Street Losses

S&P 500 Outlook: Will There Be a Market Correction in the Near-Term?

S&P 500 KEY POINTS: The S&P 500 has risen more than 20% in 2021 without suffering a single drop of at least 5% Slowing growth, deteriorating market breadth, high valuations and seasonal weakness pose headwinds heading into the fall However, the prospect of an increase in corporate taxes may be the most important risk . . . → Read More: S&P 500 Outlook: Will There Be a Market Correction in the Near-Term?

Canadian Dollar Forecast: USD/CAD Awaiting BoC Meeting

CAD, USD/CAD, Analysis and Talking Points

CAD Weakens as Risk Appetite Dips BoC to Stick With October Taper CAD Weakens as Risk Appetite Dips

A modest bout of risk off sentiment sees commodity linked currencies on the backfoot with safe-havens outperforming. AUD/USD ultimately fell on the back of a dovish taper, with . . . → Read More: Canadian Dollar Forecast: USD/CAD Awaiting BoC Meeting

USD/ZAR Breaking News: Rand Fades After Mixed South African GDP

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RAND ANALYSIS Missed QoQ GDP hampers rand gains. USD/ZAR advances off key support. Advertisement ZAR FUNDAMENTAL BACKDROP

Stats SA have released Q2 GDP data (see calendar below) for 2021 outperforming YoY estimates. The low base last year reflects an exceptional performance but relative numbers across other nations paints a . . . → Read More: USD/ZAR Breaking News: Rand Fades After Mixed South African GDP

Australian Dollar Fades Knee-Jerk Rally on RBA Tapering Plan, Will AUD/USD Rise?

Australian Dollar, RBA, Rates, Commodities, ASX 200, AUD/USD – Talking Points RBA left rates unchanged and reduced the amount of asset purchasers AUD/USD had been rallying in the lead up, but spike up was reversed Australia’s ASX 200 softened, 10-year yields down a touch

The AUD/USD immediately moved up a quarter of a . . . → Read More: Australian Dollar Fades Knee-Jerk Rally on RBA Tapering Plan, Will AUD/USD Rise?

New Zealand Dollar Sinks as US Dollar, Treasury Yields Rise. ASX 200 Eyeing RBA

New Zealand Dollar, ASX 200, RBA, US Dollar, Treasury Yields, Aluminum – Asia Pacific Market Open Monday’s Recap – The US Dollar Outperforms as the New Zealand Dollar Sinks

Despite a rather rosy Monday for market sentiment, the risk-sensitive New Zealand Dollar and Australian Dollar were some of the worst-performing G10 currencies. In . . . → Read More: New Zealand Dollar Sinks as US Dollar, Treasury Yields Rise. ASX 200 Eyeing RBA

USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report

US Dollar, EUR/USD, AUD/USD, COT Report –Analysis

USD Bulls Increase, Despite Cautious Powell AUD Negatives Priced In, Outlook Depends on RBA CAD Flips to Net Short

USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips Shorts – COT Report

In the most recent reporting period to August 31st, speculators continued . . . → Read More: USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report

Crude Oil Price Under Pressure as Saudi Aramco Cuts Prices Into Asia

CRUDE OIL (LCOc1) ANALYSIS Breaking news – lower crude oil prices for Asia. Crude demand forecast set to increase. Symmetrical triangle remains in focus – key levels being tested. CRUDE OIL FUNDAMENTAL BACKDROP

The major crude oil export from Saudi Arabia “Arab Light” is in focus today as state owned Saudi Aramco cuts . . . → Read More: Crude Oil Price Under Pressure as Saudi Aramco Cuts Prices Into Asia

Bitcoin (BTC/USD) Price Forecast: Boom or Bust for Bitcoin Bulls Above $52,000?

Bitcoin (BTC/USD) Price Update:

The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.

Bitcoin (BTC/USD) Bulls Take a Breather Below $52,000

After two consecutive months of gains, Bitcoin (BTC) bulls managed to drive price . . . → Read More: Bitcoin (BTC/USD) Price Forecast: Boom or Bust for Bitcoin Bulls Above $52,000?

Nasdaq 100 Rose After Mixed NFPs. Nikkei 225 Saw Best Week Since 2020, More Next?

Nasdaq 100, Nikkei 225, Non-Farm Payrolls, Fed, Technical Analysis – Asia Pacific Indices Briefing Nasdaq 100 shined as S&P 500, Dow Jones fell behind on mixed NFPs APAC markets eye illiquid trading conditions, Wall Street offline ahead Nikkei 225 looking for follow-through after best week since May 2020 Friday’s Wall Street Trading Session Recap . . . → Read More: Nasdaq 100 Rose After Mixed NFPs. Nikkei 225 Saw Best Week Since 2020, More Next?

Australian Dollar Forecast: AUD/USD Traders Brace for RBA, Chinese Data

Australian Dollar, AUD/USD, Covid, Japan, COT – Talking Points Australian Dollar prepares for Reserve Bank of Australia rate decision Covid cases hit record high in Australia as NSW drive bulk of infections AUD/USD at multi-month highs but prices may be ripe for a pullback Monday’s Asia-Pacific Outlook

The Asia Pacific session may see . . . → Read More: Australian Dollar Forecast: AUD/USD Traders Brace for RBA, Chinese Data

Markets Week Ahead: Nasdaq 100, AUD/USD, RBA, EUR/USD, ECB, USD/CAD, BoC

Despite a huge miss in US non-farm payrolls, where the nation added 235k jobs versus 733k expected in August, most stocks on Wall Street concluded the week higher. The tech-heavy Nasdaq 100 outperformed the S&P 500 and more cyclically-sensitive Dow Jones. Expectations that the Fed may not taper this month boosted growth stocks. . . . → Read More: Markets Week Ahead: Nasdaq 100, AUD/USD, RBA, EUR/USD, ECB, USD/CAD, BoC

Equities Wobble After Extremely Disappointing NFP Headline: DAX 30, S&P 500 Key Levels to Watch

DAX 30 and S&P 500 FORECAST: BULLISH NFP data leaves investors concerned about the tapering timeline Key levels to watch for the DAX 30 and S&P 500

The latest reading on NFP data has been disappointing. There were only 235 thousand jobs created in the US in August, when analysts were expecting . . . → Read More: Equities Wobble After Extremely Disappointing NFP Headline: DAX 30, S&P 500 Key Levels to Watch

Euro Forecast: EUR/USD Outlook Bearish, Doves to Outvote Hawks at ECB Meeting

Fundamental Euro Forecast: Bearish One after the other, hawkish members of the European Central Bank’s policymaking Governing Council came out last week warning that Eurozone monetary policy will need to be tightened. However, it’s almost certain that they’ll be outvoted by the doves at this week’s Council meeting and that policy will remain . . . → Read More: Euro Forecast: EUR/USD Outlook Bearish, Doves to Outvote Hawks at ECB Meeting

Gold Price Weekly Forecast: XAU/USD Boosted by Lackluster NFP and Weaker Dollar

Gold (XAU/USD) Fundamental Analysis: Dire NFP data added to continued dollar weakness and subsequent rise in gold prices XAU/USD rises on softer dollar (DXY) but gains may be limited Gold price outlook for the week ahead: Bullish Advertisement Gold Shines on Friday After Worse than Expected Jobs Data

Gold shot up in response . . . → Read More: Gold Price Weekly Forecast: XAU/USD Boosted by Lackluster NFP and Weaker Dollar

Canadian Dollar Forecast: Weakening US Labor Market to Weigh on USD/CAD

USD/CAD WEEKLY FORECAST: MILDLY BEARISH USD/CAD has corrected lower and fallen more than 400 pips in the last two weeks Weakness in the U.S. labor market and its implications for the Federal Reserve’s monetary policy support the case for further U.S. dollar weakness in the near term. The technical outlook is also somewhat . . . → Read More: Canadian Dollar Forecast: Weakening US Labor Market to Weigh on USD/CAD

US Dollar Outlook Turns Outward After NFP Miss: RBA, ECB, BoC Rate Decisions Next

US Dollar Fundamental Forecast: Neutral USD sank after non-farm payrolls report miss sapped Fed tapering bets Domestic economic docket fairly light ahead, placing focus on other news Key external event risk include the RBA, ECB and BoC rate decisions US Dollar Reaction to Non-Farm Payrolls Data, Key Implications

The US Dollar weakened . . . → Read More: US Dollar Outlook Turns Outward After NFP Miss: RBA, ECB, BoC Rate Decisions Next

Bitcoin (BTC) Nears $51k, Ethereum (ETH) Probes $4k While Solana (SOL) Soars Again

Bitcoin (BTC/USD), Ethereum (ETH/USD), Solana (SOL/USD) Prices, Charts, and Analysis Bitcoin posts a new multi-month high. Ethereum looking to break above $4k. Solana soars 20% on continued DeFi and NFT surge.

A strong ending to the week will see the cryptocurrency market enter the weekend with strong tailwinds and the potential for . . . → Read More: Bitcoin (BTC) Nears $51k, Ethereum (ETH) Probes $4k While Solana (SOL) Soars Again

Australian Dollar Outlook: AUD/USD Turns to RBA Decision After US Non-Farm Payrolls Data

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL AUD/USD lifted on the back of strong local data and a soft USD RBA meeting on Tuesday is key to markets looking for taper signals Commodities giving missed messages. Will USD direction dominate AUD/USD?

The Australian Dollar moved higher over the week as second quarter GDP data beat . . . → Read More: Australian Dollar Outlook: AUD/USD Turns to RBA Decision After US Non-Farm Payrolls Data

British Pound Forecast: GBP/USD Needs a Domestic Boost to Move Higher

GBP/USD Price, Chart, and Analysis Politics may kick in on mooted UK tax rise. UK economic calendar is fairly quiet next week.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

The UK economic calendar is fairly thin next with little in the way of . . . → Read More: British Pound Forecast: GBP/USD Needs a Domestic Boost to Move Higher

Non-Farm Payrolls (NFP), Bitcoin (BTC) & S&P 500 (SPX) – FinTwit Trends to Watch

FINTWIT ANALYSIS Mixed U.S. jobs data. Bitcoin (BTC) rallying. SPX takes a breather. U.S. JOBS UNDERSHOOTS, UNEMPLOYMENT FALLS WHILE WAGES RISE Advertisement

Non-Farm Payrolls (NFP) and U.S. unemployment data were released on Friday with keen eyes from financial market participants. NFP’s came in significantly lower than estimates (see calendar below).

. . . → Read More: Non-Farm Payrolls (NFP), Bitcoin (BTC) & S&P 500 (SPX) – FinTwit Trends to Watch

US Dollar Post-NFP, ISM: EUR/USD, GBP/USD, USD/CAD

US Dollar, USD, EUR/USD, GBP/USD, USD/CAD Talking Points: It was a busy morning in the USD, with a very negative NFP report showing +235k v/s the +750k expectation. Next week is quiet on the USD but expect posturing ahead of the September FOMC rate decision. Elsewhere, ECB and BoC rate decisions can keep FX . . . → Read More: US Dollar Post-NFP, ISM: EUR/USD, GBP/USD, USD/CAD

US Dollar Drops, Gold Spikes Initially on NFP Headline Shock

USD, NFP Price Analysis & News

US NFP 235k vs Exp. 750k, Prior Reading Revised Higher Unemployment Rate & Higher Than Expected Wage Growth Counters Headline US Dollar Initial Drop Reverses

NFP Mixed as Headline Misses, Revision Downgraded, While Unemployment Rates Beats

A much weaker than expected NFP headline at 235k . . . → Read More: US Dollar Drops, Gold Spikes Initially on NFP Headline Shock

British Pound (GBP/USD) Latest: NFPs the Near-Term Driver, UK Tax Hike Talk

GBP/USD Price, Chart, and Analysis

UK PM may raise national Insurance contributions for 25 million taxpayers. Traders cut back on long GBP/USD exposure.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

The short-term direction of GBP/USD will be decided later today when the . . . → Read More: British Pound (GBP/USD) Latest: NFPs the Near-Term Driver, UK Tax Hike Talk

Australian Dollar Technical Analysis: AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD

Australian Dollar, AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD – Talking Points AUD/CAD breaking higher out of downward channel, 0.9360 next target AUD/JPY entering key supply area around 81.50, trendline resistance ahead AUD/CHF reversal continues, entering key pivot area around 0.6800 AUD/NZD continues to break lower on follow through from head & shoulders pattern AUD/CAD Technical Analysis . . . → Read More: Australian Dollar Technical Analysis: AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD

Dow Jones Gains as Crude Oil Prices Boost Energy Stocks, Hang Seng Index Eyes NFPs

Dow Jones, Hang Seng, WTI Crude Oil, Energy Stocks, NFPs, Technical Analysis – Asia Pacific Indices Briefing Dow Jones gains as near one-month high WTI price boosts the energy sector APAC markets may mark time as all eyes turn to US non-farm payrolls data Hang Seng Index confirms a breakout above a near-term falling . . . → Read More: Dow Jones Gains as Crude Oil Prices Boost Energy Stocks, Hang Seng Index Eyes NFPs

Australian Dollar Forecast: AUD/USD Eyes Domestic Data Prints Ahead of NFP

Australian Dollar, AUD/USD, US Jobs Data, COT- Talking Points Australian Dollar rises after US jobs data relieves some Covid concerns Several Aussie data prints on the docket for today ahead of NFPs AUD/USD’s technical path shows momentum may be ready to fade Friday’s Asia-Pacific Outlook

The risk-sensitive Australian Dollar is moving higher as . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Domestic Data Prints Ahead of NFP

Russell 2000 Extends Gains but Bullish Momentum Could Begin to Fade Soon

RUSSELL 2000 OUTLOOK: Russell 2000 gains ground as risk appetite continues to dominate the market Although the small-cap index may have gas in the tank to rise further in the coming days, a pull-back could be in the cards over the medium term. Slowing economic growth and the prospect of higher corporate taxes can . . . → Read More: Russell 2000 Extends Gains but Bullish Momentum Could Begin to Fade Soon

NZD/USD Rally Spurs Test of 200-Day SMA Ahead of US NFP Report

New Zealand Dollar Talking Points

NZD/USD takes out the July high (0.7105) as it stages a five-day rally, and the update to the US Non-Farm Payrolls (NFP) report may sway the near-term outlook for the exchange rate as the Federal Reserve carries out an outcome-based approach for monetary policy.

Advertisement NZD/USD Rally Spurs . . . → Read More: NZD/USD Rally Spurs Test of 200-Day SMA Ahead of US NFP Report

Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears

Gold, XAU/USD, Covid, NFP – Talking Points Gold prices may be primed to continue recent gains on safe-haven appeal XAU/USD focused on US labor market as Initial jobless claims, NFP nears Technical posture looks primed for more gains after bullish SMA crossover

The price of gold looks primed to continue rising as traders . . . → Read More: Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears

S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern

S&P 500, Nikkei 225, Real Estate Sector, ADP Employment Report, Technical Analysis – Asia Pacific Indices Briefing S&P 500 ends relatively flat, supported by gains in the real estate sector Soft ADP employment report underscored dovish Fed view on labor data Nikkei 225 eyes Descending Triangle after closing at highest since mid-July Wednesday’s Wall . . . → Read More: S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern

British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD

British Pound, GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD – Talking Points GBP/CHF re-enters multi-month channel after bouncing off 200-DMA GBP/AUD breaks lower out of ascending channel, targeting 0.618 retracement GBP/CAD continues to oscillate above support, trend remains neutral GBP/NZD plummets through trendline, eyeing 200-DMA for fresh support GBP/CHF Analysis

The British Pound has been mixed . . . → Read More: British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD

AUD/USD Path Brightens on Trendline Break Ahead of Trade Data

Australian Dollar, AUD/USD, Trade Balance, Crude Oil – Talking Points Australian Dollar gains as Wall Street traders push US stocks higher Trade data may reflect weakness from lockdowns across Australia AUD/USD’s trendline break puts the currency pair on brighter path Thursday’s Asia-Pacific Outlook

The risk-sensitive Australian Dollar moved higher versus the US Dollar . . . → Read More: AUD/USD Path Brightens on Trendline Break Ahead of Trade Data

Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What?

NASDAQ 100 OUTLOOK: Nasdaq 100 begins September on the right foot and notches a record closing high after a 4.16% gain in August Depressed Treasury yields following the ADP employment report boost appetite for technology stocks Despite positive investor sentiment, downside risks for equity markets continue to build in the near term Advertisement

. . . → Read More: Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What?

Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand

Crude Oil, OPEC, Covid, EIA, API – Talking Points Crude and Brent oil dropped in August as Covid fueled demand fears OPEC+ decision may see cartel reign in supply to support prices Technical outlook is slightly bullish after retaking key trendline

Crude and Brent oil benchmarks are slightly higher as September trading kicks . . . → Read More: Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand

AUD/USD Gains on Solid GDP Beat, Will Australian Dollar Continue Higher?

Australian Dollar, AUD/USD, AU GDP, RBA, Commodities – Talking Points Australian Q2 GDP delivered an upside surprise despite NSW lockdown The ASX 200 was soft going into GDP but steadied afterwards The focus will move to the RBA next Tuesday.Will AUDhold recent gains?

AUD/USD found some footing after Australian GDP came in at . . . → Read More: AUD/USD Gains on Solid GDP Beat, Will Australian Dollar Continue Higher?

Dow Jones Ends Solid Month on a Downbeat as ASX 200 Focuses on a Rising Wedge

Dow Jones, ASX 200, Australia GDP, Technical Analysis – Asia Pacific Indices Briefing Dow Jones weakened to wrap up solid month for stocks on Wall Street Higher Euro-area CPI, soft US consumer confidence dented sentiment ASX 200 may look past Australian GDP data as focus remains on Covid Tuesday’s Wall Street Trading Session Recap . . . → Read More: Dow Jones Ends Solid Month on a Downbeat as ASX 200 Focuses on a Rising Wedge

Australian Dollar Forecast: AUD/USD Eyes Q2 GDP to Kick Off September Trading

Wednesday’s Asia-Pacific Outlook Australian Dollar gains versus US Dollar ahead of Australian Q2 GDP NZD sees broad-based strength after New Zealand Covid cases drop AUD/USD ends August with a loss as a trendline caps upside overnight Wednesday’s Asia-Pacific Outlook

The Australian Dollar gained versus the US Dollar overnight as Wall Street stock indexes . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Q2 GDP to Kick Off September Trading

Nasdaq 100 Forecast: Stocks Retreat Slightly to Round Out a Strong August

Nasdaq 100, S&P 500, Dow Jones – Talking Points Nasdaq 100 loses finishes down 6 points as tech stocks take a breather Month-end rebalancing sees Dow Jones, S&P 500 lose roughly 0.10% Equities post seventh straight month of gains, longest run since January 2018

US equity indices retreated slightly on Tuesday to round . . . → Read More: Nasdaq 100 Forecast: Stocks Retreat Slightly to Round Out a Strong August

Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading

Australian Dollar, AUD/USD, Q2 Business inventory, Covid – Talking Points Risk-sensitive Australian Dollar unchanged as APAC trading kicks off Australia set to report Q2 business inventories and company profits AUD/USD at 26-day EMA resistance following big gains last week Monday’s Asia-Pacific Outlook

The risk-sensitive Australian Dollar is edging higher versus the US Dollar . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading

Sterling Tech Forecast: GBP/USD Jumps During Powell Speech

GBP/USD Analysis: GBP/USD jumped during Powell speech but pulled back modestly thereafter Cable set to continue its largely sideways grind this coming week IG Client Sentiment: Massive jump in weekly short positioning muddies sentiment reading Advertisement Powell Speech Produces Short-lived Volatility

Fed Chairman, Jerome Powell conducted his virtual address at the Jackson Hole . . . → Read More: Sterling Tech Forecast: GBP/USD Jumps During Powell Speech

Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs

Bulls were in the front seat for financial markets this past week, with stock markets across the world rising. On Wall Street, the Nasdaq Composite, S&P 500 and Dow Jones gained about 2.8%, 1.5% and 0.9% respectively. In Europe, the FTSE 100 and Euro Stoxx 50 climbed 0.85% and 1.05% respectively. In the . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs

Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End

NASDAQ 100 FORECAST: BULLISH The Nasdaq 100 index rallied 1.01% after Powell’s speech at the Jackson Hole symposium The central bank is likely to scale back bond buying program by this year, but remains patient to interest rate hikes The US Dollar pulled back alongside yields, suggesting that the market is well prepared for . . . → Read More: Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End

Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term

USD/MXN WEEKLY FORECAST: BEARISH ON DOVISH FED Powell’s dovish speech at Jackson Hole Symposium weighed on the US dollar and boosted risk-assets across the board heading into the weekend The Fed’s decision to avoid dropping heavy hints about its taper timeline will likely depress US treasury yields and support the Mexican peso in . . . → Read More: Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term

EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?

EUR/USD Runs into 1.1800 Hurdle US Data Matters More for Euro

EUR/USD: A late Friday surge as Powell’s much anticipated Jackson Hole speech, failed to provide a notable signal for tapering, relative to the plethora of hawkish Fedspeak heading into Powell’s remarks. In turn, the USD succumbing to a typical “buy the . . . → Read More: EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?

Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack

Gold Price Forecast: Neutral Gold lifts into the weekend after Powell offers no clear taper signal XAU/USD looks ahead to next week’s NFP report for next risk event Geopolitical risks and broader risk trends to drive prices until then

Gold prices rose into the weekend after Federal Reserve Chair Jerome Powell failed . . . → Read More: Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

US Dollar Talking Points

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.

Fundamental Forecast for US Dollar: Neutral

The US Dollar Index (DXY) trades to a fresh weekly low . . . → Read More: US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices

Bitcoin (BTC/USD), Ethereum (ETH/USD), Alt-Coins Price, Chart, and Analysis 200-day sma remains supportive for Bitcoin. Ethereum seeking 20-day sma support. Alt-coins diverge, Solana (SOL) outperforms.

Bitcoin has broken out of its recent uptrend channel and is now struggling to regain support turned resistance around $48k. BTC is currently supported by the 200-day simple . . . → Read More: Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices

Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH AUD/USD firmed as USD softened with commodities drifting higher Australian/US yield differentials continue to play a role for Aussie Delta variant cases provide challenges for risk assets going forward

The Australian Dollar found some support this week with risk assets firming as the US Dollar pulled back from . . . → Read More: Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment

S&P 500 to Stay Bid as Fed Decouples Taper, Rate Hike Risk

STOCK MARKET OUTLOOK: S&P 500 HINGES ON PROLONGED FED ACCOMMODATION S&P 500, Nasdaq, Dow Jones surging in the wake of Fed Chair Powell’s Jackson Hole speech Major stock indices could keep climbing higher if FOMC officials stay highly accommodative Equity investors rejoice as Fed’s Powell signals the decoupling of QE taper from rate liftoff . . . → Read More: S&P 500 to Stay Bid as Fed Decouples Taper, Rate Hike Risk

Esther George Effect: Jackson Hole, Women in Finance, Taper Talk

Esther George Effect: Jackson Hole, Women in Finance, Taper Talk Kansas City Fed Chief Esther L. George headlines news with taper talk At Jackson Hole, George makes big impact to a change in gender diversity 8 speakers on day 1 at economic gathering are women, up from 0 in 2009

Ahead of the . . . → Read More: Esther George Effect: Jackson Hole, Women in Finance, Taper Talk

Sterling (GBP) Forecast: Will Jackson Hole Prove to be a Catalyst or Snoozefest?

GBP News and Analysis: Jackson Hole: Potential catalyst or will it prove to be underwhelming for markets? Brexit teething problems persist as job vacancies in the transport sector continue to cause supply chain delays UK Covid cases rise Advertisement Spotlight on Jackson Hole and Tapering Timelines

In the absence of any significant event . . . → Read More: Sterling (GBP) Forecast: Will Jackson Hole Prove to be a Catalyst or Snoozefest?

S&P, Nasdaq Fresh Highs as USD Drops on Powell's Jackson Hole Speech

US Dollar Talking Points: The US Dollar is a focal point for Friday morning with the Jackson Hole Economic Symposium taking place. While FOMC comments have been tilting more hawkish of late, Jerome Powell sounded very dovish this morning, helping to drive strength into US stocks and weakness into the US Dollar. The analysis . . . → Read More: S&P, Nasdaq Fresh Highs as USD Drops on Powell's Jackson Hole Speech

Oil, GameStop (GME) Soar & Jackson Hole Inflation Expectations – FinTwits Trends to Watch

Oil, GameStop (GME) & Jackson Hole Oil – US Crude extends its rally amid rising concerns of supply shortages GameStop (GME) climb loses momentum Inflation is still here, Jerome Powell in control at Jackson Hole Symposium Oil – US Crude Extends its Rally Towards $70.00

At the time of writing, Oil has extended . . . → Read More: Oil, GameStop (GME) Soar & Jackson Hole Inflation Expectations – FinTwits Trends to Watch

Nasdaq 100 Retreats Ahead of Powell Speech, APAC to Open Lower

NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed -0.54%, -0.58% and -0.59% respectively Fed Chair Jerome Powell will give a speech at Jackson Hole symposium at 10am ET on Friday Asia-Pacific markets are positioned to open lower following a negative lead

Jackson Hole, Fed . . . → Read More: Nasdaq 100 Retreats Ahead of Powell Speech, APAC to Open Lower

Australian Dollar Forecast: AUD/USD Eyes Retail Sales After Geopolitical Shock

Australian Dollar, AUD/USD, Kabul, Retail Sales, RBA, FED – Talking Points Afghanistan attack sends geopolitical shock through markets Australian retail sales on deck for today’s economic docket AUD/USD ends rebound on Bearish Engulfing candlestick Friday’s Asia-Pacific Outlook

The risk-sensitive Australian Dollar broke a 3-day winning streak versus the US Dollar after an attack . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Retail Sales After Geopolitical Shock

Bitcoin Reclaims $47,000 as Risk Sentiment Shifts to Kabul Attacks, Ether and Cardano Stall

Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) Talikng Points: Bitcoin (BTC/USD) tests trendline support after breaking below $48,000 Ether (ETH/USD) rebounds from $3,000 Cardano (ADA/USD) holds firm above key Fibonacci resistance at $2.50 Explosions in Kabul Afghanistan weigh on risk sentiment; major risk events may provide an additional catalyst for both volatility and price action . . . → Read More: Bitcoin Reclaims $47,000 as Risk Sentiment Shifts to Kabul Attacks, Ether and Cardano Stall

Peloton Shares Dip on Weak Results, Dell Technologies Posts Strong Q2 Earnings

Peloton, Dell Technologies, Dow Jones, Jackson Hole – Talking Points Peloton shares dip on weak EPS results, lower guidance for upcoming quarters Dell Technologies beats revenue and earnings estimates for Q2 Dow Jones drops 200 points, markets end lower ahead of Jackson Hole

Equity markets ended Thursday lower as geopolitical tensions and the . . . → Read More: Peloton Shares Dip on Weak Results, Dell Technologies Posts Strong Q2 Earnings

Mexican Peso Outlook: How Will USD/MXN React to the Jackson Hole Summit?

MEXICAN PESO OUTLOOK: The Federal Reserve will hold the second part of its Jackson Hole summit on Friday Chairman Jerome Powell is slated to make remarks at 10 am ET as part the virtual economic symposium If the U.S. central bank sticks to the dovish script and slow-walks its taper plans, there is room . . . → Read More: Mexican Peso Outlook: How Will USD/MXN React to the Jackson Hole Summit?

Gold and Silver Hold Breath for Jackson Hole, ETF Outflows Accelerate

GOLD PRICE OUTLOOK: Gold and silver prices held steadily ahead of the Jackson Hole symposium Investors are eyeing Jerome Powell’s speech on Friday for clues about the Fed’s tapering timeline The world’s largest gold ETF saw accelerated outflows in the recent weeks, underscoring downward momentum

Gold prices extended lower during Wednesday’s APAC session, . . . → Read More: Gold and Silver Hold Breath for Jackson Hole, ETF Outflows Accelerate

Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

Swiss Franc Technical Forecast – Talking Points USD/CHF may continue 2020 downtrend on triangle break GBP/CHF rebounds above key moving average within channel USD/CHF Technical Forecast

Since January, the Swiss Franc surrendered ground versus the US Dollar, with USD/CHF up nearly 3.5% on a year-to-date basis. However, a Symmetrical Triangle pattern has taken . . . → Read More: Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

S&P 500 Hits Record Ahead of Jackson Hole, Hang Seng May Retreat

The S&P 500 and Nasdaq 100 hit all-time highs on Wednesday as investors awaited the Jackson Hole symposium for clues about the Fed’s next move. Asia-Pacific markets look set to open in cautious mood.

S&P 500, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:

Dow Jones, S&P 500 and Nasdaq 100 closed . . . → Read More: S&P 500 Hits Record Ahead of Jackson Hole, Hang Seng May Retreat

Natural Gas Outlook: Price Continues to Benefit from Warmer Weather, Eyes on $4.00

Natural Gas, Commodities, Oil – Talking Points Natural gas prices continue to coil below $4.00, trendline support below National weather forecasts calling for temperatures to drop from current levels Potential formation of tropical storm in the Gulf of Mexico threatens demand, production

Natural gas prices once again flirted with the key $4.00 level . . . → Read More: Natural Gas Outlook: Price Continues to Benefit from Warmer Weather, Eyes on $4.00

AUD/USD May Fall if Risk Taking Slows as Cases in New South Wales Swell

Australian Dollar, AUD/USD, Fed, Covid, NSW, Bank of Korea – Talking Points Australia’s Covid cases continue to trend higher in NSW state The Bank of Korea (BoK) is set to announce a rate decision AUD/USD approaches resistance after multi-day price gains Thursday’s Asia-Pacific Outlook

Asia-Pacific markets appear on track to extend the risk-on . . . → Read More: AUD/USD May Fall if Risk Taking Slows as Cases in New South Wales Swell

Crude Oil Forecast: EIA Report in Focus as Prices Tackle Confluent Resistance

Crude Oil, Inventory, Market Sentiment, Covid – Talking Points Crude and Brent oil rebounds alongside market sentiment Energy traders prepare for the US EIA inventory report Crude oil prices rise but run into confluent resistance

A broad rebound in sentiment, fueled by ebbing fears over rising Covid cases, lifted energy prices overnight, including . . . → Read More: Crude Oil Forecast: EIA Report in Focus as Prices Tackle Confluent Resistance

IBEX 35, Euro Stoxx 50 Outlook Remains Constructive, Jackson Hole Symposium Eyed

IBEX 35, Euro Stoxx 50, Jackson Hole, Eurozone, Federal Reserve – Talking Points IBEX 35, Euro Stoxx 50 point higher, fueled by easing taper fears Delta variant remains rampant, Spain continues to report higher cases Jackson Hole takes center stage, markets eagerly await any comments on policy

European stocks ended Tuesday’s session lower . . . → Read More: IBEX 35, Euro Stoxx 50 Outlook Remains Constructive, Jackson Hole Symposium Eyed

NZD/USD Gains as US Dollar Sinks Despite Falling RBNZ Rate Hike Bets

New Zealand Dollar, NZD/USD, Trade Balance, Covid, RBNZ Bets, PBOC- Talking Points New Zealand Dollar rises against USD as risk-on sentiment intensifies PBOC pledges to support credit growth to sustain economic recovery NZD/USD extends higher for second day but momentum may fade Wednesday’s Asia-Pacific Outlook

The New Zealand Dollar is benefiting from a . . . → Read More: NZD/USD Gains as US Dollar Sinks Despite Falling RBNZ Rate Hike Bets

Gold Price Outlook: XAU/USD Mired by Fed Symposium Risk

GOLD FORECAST: JACKSON HOLE TO SPUR XAU/USD PRICE VOLATILITY Gold challenges its 100-day moving average, descending trendline ahead of Jackson Hole XAU/USD price action is primed for volatility due to Fed symposium event risk that looms Gold, silver prices could leap higher if FOMC officials stay cautious and kick the taper can Advertisement

. . . → Read More: Gold Price Outlook: XAU/USD Mired by Fed Symposium Risk

EUR/USD Susceptible to Dovish ECB Guidance Ahead of Fed Symposium

EUR/USD Rate Talking Points

EUR/USD attempts to stage a three-day rally after taking out the March low (1.1704), but the account of the European Central Bank (ECB) meeting may undermine the recent rebound in the exchange rate as the Governing Council appears to be on track to retain the current policy throughout the . . . → Read More: EUR/USD Susceptible to Dovish ECB Guidance Ahead of Fed Symposium

Gold Price Forecast: XAU/USD Rises as Bullion Traders Brace for Jackson Hole

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Gold, XAU/USD, US Dollar, Jackson Hole – Talking Points Gold prices point higher as the trading week kicks off Bullion investors sharply focused on Jackson Hole Chair Powell’s signal on tapering key to XAU direction

Gold prices got off to a solid start this week, benefiting from a weaker . . . → Read More: Gold Price Forecast: XAU/USD Rises as Bullion Traders Brace for Jackson Hole

Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher

DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed +0.61%, +0.11% and +1.46% respectively Cyclical sectors rallied after the FDA granted Pfizer and BioNTech full US approval for their Covid-19 vaccine The Nasdaq 100 hit an all-time high. APAC markets are positioned to follow higher. . . . → Read More: Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher

New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data

New Zealand Dollar, NZD/USD, Q2 Retail Sales, Covid – Talking Points New Zealand retail sales beat expectations for Q2 at 3.3% vs 2.5% anticipated Covid lockdown extended to end of month in New Zealand after cases increased NZD/USD rises back above wedge resistance after bullish engulfing candlestick Tuesday’s Asia-Pacific Outlook

The risk-sensitive New . . . → Read More: New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data

USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium

Japanese Yen Talking Points

USD/JPY appears to be stuck in a narrow range as it struggles to push back above the 50-Day SMA (110.16), and the exchange rate may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US . . . → Read More: USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium

Copper Price Forecast: Fighting to Retake Pandemic Uptrend

Advertisement Copper Price Outlook: Copper prices have clawed back their losses – but have gains have not been enough just yet to change the tone. The demand side is seemingly recovering as inventories drop and rumors out of China that stockpiles won’t be sold as the world’s second largest economy grapples with delta . . . → Read More: Copper Price Forecast: Fighting to Retake Pandemic Uptrend

US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Philippine Peso, ASEAN, Fundamental Analysis – Talking Points US Dollar gained against most ASEAN currencies last week ASEAN case growth slowing before Jackson Hole Symposium Will Fed tapering expectations offer further USD momentum? US Dollar ASEAN Weekly Recap

The US Dollar gained against most ASEAN . . . → Read More: US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

S&P 500 Advance May Lift Nikkei 225, Traders Eyeing Jackson Hole

S&P 500, NIKKEI 225, ASX 200 WEEKLY OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed +0.65%, +0.52% and +1.06% respectively Jackson Hole symposium will be in focus this week, with traders eyeing Fed tapering Asia-Pacific futures are pointing to a positive start of the week

Wall Street Rally, Jackson Hole, US . . . → Read More: S&P 500 Advance May Lift Nikkei 225, Traders Eyeing Jackson Hole

Australian Dollar Forecast: AUD/USD Troubles Intensify After Bleak PMIs

Australian Dollar, AUD/USD, PMIs, Covid, Risk Trends – Talking Points Australian Dollar in focus after big weekly drop versus the US Dollar PMI figures for August show Australian economy continues to slow AUD/USD technical outlook faces hard rebound path after big drop Monday’s Asia-Pacific Outlook

The Australian Dollar is reacting to a fresh . . . → Read More: Australian Dollar Forecast: AUD/USD Troubles Intensify After Bleak PMIs

Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta

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Markets weathered a broad rise in anti-risk sentiment last week. The Dow Jones dropped -1.1% on balance as equity investors seemingly grew more fearful of the delta variant and its contribution to slowing global growth. With the latest US retail sales report underscoring bleak consumer sentiment, hard economic data appeared to . . . → Read More: Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta