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Gold Weekly Forecast: XAU/USD Nears February Highs, Inflation in Focus
Gold is carrying short-term bullish momentum into the coming week, with potential for a move up toward the 2024 highs in the $2060 area.
U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.
US CPI Preview: USD/JPY Tests 2024 Highs, Tame Inflation Expected
US CPI may be quiet this month, but the recent surge in the “Prices” component of the ISM PMI surveys hints that inflation could reaccelerate this Spring.
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AUD/USD weekly outlook: US inflation, AU jobs figures to drive AUD
AUD/USD traders will keep a close eye on US inflation data to decipher Fed policy, Australia's employment report to see if another month of strong job losses ensues.
Can US inflation data make or break the US dollar? The Week Ahead
Whist the daily charts still appear favourable for another leg higher on the US dollar, the weekly charts and market positioning suggest some dark clouds may lurking above. And incoming CPI or inflation expectations data could make or break the dollar, if they lean enough in either direction.
Gold Forecast: Commodity Deflation and Wall Street’s Short Positions
Read on to see how inflation and Fed policy could impact the price of commodities like gold this year!
Growing risk RBA may cut rates before the Federal Reserve
There’s a growing risk the RBA may end up cutting interest rates sooner than US Federal Reserve with a slowdown in underlying inflationary pressures in the December quarter seeing markets shift forward expectation for a 25 basis point rate cut to early May.
Gold Forecast: Why “Inflation Hedge” Gold is Falling, Despite Hot US CPI
The dollar’s strength and opportunity cost of holding gold are outweighing its inflation hedge credentials
US CPI Forecast: USD/JPY Consolidates Just Below 145.00 Resistance Ahead of Inflation
Interestingly, the year-over-year reading on US CPI is expected to rise for only the third time since mid-2022, but the increase is expected primarily due to so-called “base effects"...
EUR/USD Forecast: US Dollar Falls on Fading Inflation Expectations
Given the quiet economic calendar, EUR/USD may consolidate with a slight bullish bias over the next couple of days ahead US CPI and PPI.
The Week Ahead: Has the US Dollar Index Trend Turned?
The US Dollar Index's failed breakout and sharp bearish reversal suggests that a near-term top may be in and the path of least resistance will be to the downside in the coming week.
US CPI Preview: USD/CAD Nears 200-Day EMA Ahead of Inflation Data
Traders and economists expect the CPI report to show that consumer prices rose 0.0% m/m (3.1% y/y), with “Core” CPI expected at 0.3% m/m (4.0% y/y).
EUR/USD hits major resistance ahead of US inflation: European open
With inflation data for Europe and the US in today's European session, we take a look at EUR/USD to identify key levels and a directional bias.
EUR/USD, USD/JPY key levels ahead of US inflation: European open
Once again, the 1-day implied volatility levels for EUR/USD and USD/JPY have blown out ahead of a busy calendar. Central bank members from the Fed, ECB, BOE and SNB will hit the wires, European GDP is also on tap ahead of the key US inflation report.
US Dollar Analysis: USD/JPY Tests 30+ Year Highs Ahead of US CPI
With the decline in the inflation rate seemingly stalling, a higher-than-expected inflation reading is likely to be more impactful to markets.
S&P 500 hints at swing high following Powell’s hawkish speech: The Week Ahead
Hawkish comments from Jerome Powell with the threat of further hikes snapped Wall Street’s 8-day wining streak, and hints at a swing high on the S&P 500 heading into the weekend. And that puts traders on high alert for next week’s inflation report, not to mention the threat of a government shutdown if the debt ceiling is not raised by Friday.
NZD/USD: Inflation undershoot opens the door to RBNZ rate cuts next year
New Zealand inflationary pressures moderated-more-than expected in the September quarter, taking the wind out of the NZD/USD’s sails following the expected election victory from the National Party-led coalition over the weekend.
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Can bondcano stay on the backburner? The Week Ahead
Bondcano, the phrase coined to described the sharp acceleration of bond yields to the detriment of equities, appears to be smouldering as yields have pulled back from their highs. It has certainly provided some relief for sentiment, given the well-based concerns that something was about to break in the financial system. But with the Fed members now striking a relatively dovish tone, it raises the question as to whether bond investors will now step back into the market to capitalise on attractive yields and take the sting out of bondcano’s tail.
EUR/USD tries to snap its record losing streak: The Week Ahead – 06/10/2023
EUR/USD is on track for a record 12th consecutive losing streak. But given its hesitancy to test 1.04 and the potential for a false break of the January low, perhaps we’re finally nearing an inflection point for the battered EUR/USD.
ASX 200 analysis: Like it or not, it’s holding above 7k post CPI
The ASX 200 has continued to show resilience around the key 7,000 support level, despite the surge on bond yields, negative sentiment and rising inflation. What if sentiment improves?
FOMC, BOE, BOJ meetings, CPIs and flash PMIs: The Week Ahead – 15/09/2023
Whilst the Fed are expected to hold rates steady in September, next week’s FOMC meeting also includes the quarterly staff projections. And changes to dot plot or CPI estimates can be as good as a hike where market reactions are concerned. The odds of another BOE are next week are not as high as they were, which makes the preceding inflation report paramount to expectations for their next decision. And whilst the BOJ are unlikely to act, that is no reason to drop your guard given their tendency to surprise once in a while. We also have flash PMIs for major regions and inflation data to mull over.
USD/JPY rises into US CPI, GBP/AUD holds key support: European open
USD/JPY was rising on the back of USD strength earlier in the Asian session, with USD/JPY seemingly trying to close its large weekend opening gap ahead of US CPI data. GBP/AUD has also caught our eye as its 3-wave retracement is trying to form a base around a support cluster.
PCE inflation, NFP and ISM manufacturing in focus: The Week Ahead – 25/08/2023
It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.