News and analysis

  • All
  • Forex
  • Indices
  • Newest
  • Popular

Nasdaq 100 Forecast: “Magnificent Seven” Q1 2024 Earnings Preview

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

default avatar
April 17, 2024 06:00 AM
Close-up of market chart showing downtrend

Nasdaq 100, S&P 500 and DAX analysis: Technical Tuesday - April 16, 2024

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

USA flag

S&P 500 Forecast: SPX inches higher ahead of Powell

US stocks are set to open modestly higher in cautious trade ahead of a speech by Federal Reserve Chair Jerome Powell. US treasury yields rose to the highest level since November, a day after stronger-than-expected US retail sales data, which could limit the upside for stocks. Earnings from Bank of America and Morgan Stanley were better than expected.

default avatar
Today 11:15 PM
Market trader analysing data

EUR/USD analysis: Focus turns to Powell as geopolitical uncertainty lingers

German ZEW survey improves for 9th consecutive month to provide the euro some much-needed support. But the US dollar is likely to remain supported on dips and this should prevent rates from rising significantly. EUR/USD technical analysis point to an oversold bounce, but the trend remains bearish

Open an account in minutes

Tight spreads from 0.5 pts on FX and 1 pt on indices.

Award-winning platforms with fast and secure execution.




N_A_Promo_Block_BG_Comp
united_kingdom_03

GBP/USD, Oil Forecast: Two trades to watch

GBP/USD held at a five-month low after jobs data and ahead of Fed Chair Powell's speech. Oil rose after China's GDP growth and amid ongoing Middle Eastern tensions.

Uptrend

NZD/USD: Inflation the only barrier between the RBNZ and rate cuts

Inflation remains key sticking point preventing interest rate cuts from the Reserve Bank of New Zealand, ensuring Wednesday’s first quarter consumer price inflation report will be closely watched by financial markets, especially should it print on the softer side of expectations.

default avatar
Today 04:11 PM
canada_04

USD/CAD analysis: Canadian CPI in focus for BOC clues

With the odds of a Fed cut arriving this year now in jeopardy, it is now over to the BOE, ECB or BOC to take the title as ‘first to begin easing’. And that brings Canadian CPI data into focus today for CAD traders.

Downwards trend with red arrow

AUD/USD bearish trend may be disrupted by China’s market open

Contrary to what you may expect, movements in AUD/USD on Tuesday may be dictated by the performance of Chinese financial markets rather than the latest batch of Chinese economic data including Q1 GDP.

default avatar
Today 10:44 AM
Research

USD/JPY eyes 155, WTI crude oil looks set to bounce: Asian Open

USD/JPY is less than a day's trade from 155, a level an ex-FX diplomat warned could trigger an intervention if breached. WTI crude oil seems to have solid support above $84, to hint at a swing low.

Bitcoin Halving 2024: BTC/USD Poised for a Breakout Ahead of Quadrennial Halvening

A breakout from Bitcoin’s recent $61K-$73K range is inevitable – see the key levels to watch from here below!

gold_01

Gold analysis: Balancing geopolitical risks and rising dollar, yields

Gold investors face key dilemma as rising geopolitical risks could keep gold supported on dips, but even higher yields continue to increase the opportunity cost of holding gold. Gold technical analysis point to overbought conditions, so a bit of short-term weakness should not come as surprise.

Congress building

Dow Jones Forecast: DJIA rises as risk sentiment improves

US stocks are set to open higher on Monday after steep losses last week. Following an attack by Iran on Israel over the weekend and comments from the US that it will not support a retaliatory attack by Israel, the market has calmed. Geopolitical developments will remain a key focus this week. US retail sales came in stronger than forecast, supporting the view that the Fed will keep rates high for longer. Goldman Sachs is set to rise after earnings.

default avatar
Yesterday 11:14 PM
Close-up of market chart showing downtrend

GBP/USD outlook: Currency Pair of the Week – April 15, 2024

The GBP/USD could be impacted significantly by UK CPI data this week. For now, markets are calm as Iran tensions have eased, but the situation remains volatile, likely to keep risk appetite low. The GBP/USD outlook is bearish as US dollar is likely to remain supported on any short-term dips.

Get the information that drives markets
Anaylsts composition
Get expert reaction to latest market news and seize potential opportunities.
Economic calendar

Risk-free trading with virtual funds

Try our award-winning platform.

Improve your skills and trading strategies.

Trade Forex, Indices, Shares, Commodities.

N_A_Promo_Block_BG_Comp

From time to time, StoneX Financial Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.