News and analysis

British Pound Forecast: GBP/USD Hits 2024 Lows, Traders Continue to Sell Rallies

GBP/USD remains in “sell rallies” mode, so bullish readers will want to be nimble against a broader backdrop that favors more downside from here.

default avatar
April 23, 2024 02:33 AM
Oil drilling in sea

Crude oil outlook remains positive despite reduced war risk

Crude oil demand outlook will come into a sharp focus this week with the release of the global manufacturing PMI data, US GDP and the Fed’s preferred measure of inflation this week. Still, Middle East tensions remain the key driver of short-term price action. Meanwhile, WTI technical analysis suggests the longer-term trend is still bullish.

20231218 - 001 - 01

S&P 500 Forecast: SPX rises ahead of key tech earnings this week

US stocks are set to open higher after steep losses across the previous week. The S&P500 fell over 3% last week and the Nasdaq 6% amid expectations that the Fed will keep rates high for longer. Attention this week is turning to tech earnings, with Tesla, Meta, Alphabet, and Microsoft reporting earnings. US core PCE and Q1 GDP data later in the week will also be in focus.

default avatar
Today 11:21 PM
stocks_04

USD/JPY analysis: Currency Pair of the Week - April 22, 2024

US GDP, Core PCE and BoJ policy are among the risk events this week for the USD/JPY currency pair, as the focus turns to sticky inflation and elevated interest rates narrative from Middle East concerns for now. USD/JPY technical analysis point to a potential rally above 155.00.

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
Multiple Euro bank notes in 20€, 50€ and 100€

EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises, but gains could be limited with ECB President Lagarde’s speech in focus. Oil falls as Middle East tensions ease & the demand outlook deteriorates.

default avatar
Today 06:53 PM
Close-up of Union Jack flag

GBP/USD: Selling squeezes as bearish fundamentals and technicals combine

Divergent economic and monetary policy outlooks for the US and UK continue to weigh on GBP/USD, making the case for downside a far easier sell than for upside right now.

default avatar
Today 02:58 PM
Bank notes of different currencies

EUR/USD, Gold, Crude Oil, 2-year note analysis: COT report

EUR/USD futures traders are on the cusp of flipping to net-short exposure, and managed funds are increasing their short exposure to gold and crude oil.

Gold bars article image for an article on Precious metals and Gold

Gold price forecast: Sustainable bull markets need to breathe occasionally

The inverse relationship between bond yields and US dollar with the gold price has broken down in 2024, meaning technicals and inflation expectations are arguably a more important driver right now.

tesla_03

Weekly equities forecast: Tesla, Lloyds & Barclays earnings preview

S&P 500 and the FTSE fell last week after the market pushed back Fed rate cut expectations and as geopolitical tensions hurt risk sentiment. Look ahead; US core PCE will be a key focus next week, as well as earning season with Tesla earnings and UK bank's earnings.

aus_04

AUD/USD weekly outlook: Geopolitical risks, AU and US inflation in focus

Whilst it appears that tensions in the Middle East have receded, headline risks remain a threat that traders need to keep in mind this week. And if sentiment is allowed to recover, economic data such as the key inflation reports for Australia and the US will be allowed to make their mark on AUD/USD.

default avatar
Yesterday 08:00 AM
    gold_01

    Gold outlook: Metal continues to defy gravity, but how long?

    Gold outlook remains steady, for now, even as Iran has downplayed the impact of Israel strikes. The focus turns to sticky inflation and elevated interest rates narrative, as overbought gold hardly shows any signs of a bearish reversal yet.

    default avatar
    April 20, 2024 10:00 PM
    USA flag

    S&P 500 Forecast: SPX steady with Middle East tensions & Netflix in focus

    US stocks are set for a mixed open as Iran downplays Israel's attack, helping fears fade. Futures recovered earlier losses, and oil gave back earlier losses. Netflix reported stronger-than-expected Q1 earnings and revenues but is set to fall on the open after revenue guidance for the current quarter was modestly weaker than expected.

    default avatar
    April 19, 2024 11:23 PM
    Research

    US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday

    US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.

    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.