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RBNZ preview: Timeline for taming inflation key for New Zealand dollar reaction

The RBNZ is highly likely to leave its overnight cash rate at 5.5% on Wednesday. However, with updated economic forecasts, along with a press conference from Governor Adrian Orr, the bank has been given plenty of clear air to shake these sleepy FX markets up, if it chooses to do so.

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Today 02:04 PM
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USD/CAD catches a bid ahead of Canadian inflation report

The pullback from April's high has seen USD/CAD find support around 1.36 but, with CAD traders remaining heavily net short, USD/CAD needs to rally to justify their bearish exposure.

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AUD/USD, ASX 200: Watching for hawkish overtones in the RBA minutes

The performance of mainland Chinese stock indices and minutes from the RBA May monetary policy meeting should be on the radar for anyone trading AUD/USD or ASX 200 futures on Tuesday. With little top tier data or event risk to navigate, they loom as the most likely drivers of Australian financial markets.

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Today 09:32 AM
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Gold hesitates at its ATH, USD drifting higher towards 105: Asian Open

Gold may have printed a record high on Monday, but with a gold basket hovering below resistance and the USD drifting higher, perhaps gold’s rally may at least pause for breath - if not retrace lower.

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Market trader analysing data

GBP/USD outlook: Currency Pair of the Week - May 20, 2024

Our GBP/USD outlook remains bullish, mainly due to our bearish US dollar forecast. On the GBP side of the equation, the Bank of England is getting closer to cutting interest rates, although the market seems to be looking past this. Domestically, the focus this week is on UK inflation data, which is expected to cool, potentially cementing expectations that the central bank will cut rates in June.

Yen, Euros and dollar currency bills and notes

Euro Forecast: EUR/USD Coiling Just Below Key 1.0900 Level

EUR/USD is rangebound for now but a break above 1.0890 could herald another leg up to 1.1000

EURUSD Outlook: FOMC Minutes and Flash PMI on the Horizon

EURUSD Outlook: Following the slight cooling of U.S inflation, markets embraced a euphoric sentiment. Will the upcoming FOMC minutes calm it down or amplify it further?

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S&P500 Forecast: SPX set for a quiet start ahead of Fed minutes, NVDA earnings

US stocks point to a muted open after record highs last week, as investors look ahead to FOMC minutes and Nvidia earnings later in the week. Today's economic calendar is quiet; instead, the focus will be on several Fed speakers. Recent Fed officials have supported the view that rates need to stay high for longer to combat inflation.

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Yesterday 11:17 PM
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Gold and Silver forecast: Metals hit fresh 2024 highs

Our gold and silver forecast remains positive and reckon new records could be on the way for the former and fresh 2024 gains for the latter, following last week's big silver rally. Precious metals have found additional support from a weaker US dollar.

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GBP/USD, Oil forecast: Two trades to watch

GBP/USD rises ahead of inflation data later in the week. Oil rises with the Middle East in focus.

Forex trading

USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

Asset managers reached a record level of net-short exposure to VIX futures, days before prices fell to a record low. Traders also remain net-long USD despite losses in recent weeks.

Market chart showing uptrend

Silver extremely overbought after bullish break, resistance zone looms on the horizon

Having taken out its 2021 high on Friday, silver has extended the bullish break on Monday, powering its way above $32 per ounce on the back of big gains in Chinese commodity futures. Given the speed of the rally, silver is fast approaching $35, a level it struggled to overcome in the early 2010s.

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Yesterday 01:47 PM
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USD/JPY: Difficult for Fed to abandon higher for longer with no new data for guidance

With no new information for the Fed to consider this week, it’s difficult to see their narrative shifting from it still being far too soon to consider rate cuts. That points to upside risks for USD/JPY in the days ahead.

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Yesterday 09:39 AM
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