Gold forecast: Upside potential in focus as USD mulls a pullback
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NFP Preview: US Dollar Bounce Potential if Jobs Remain Strong
The US dollar is testing support and the NFP leading indicators point to a slightly above expectation reading this month, with headline job growth potentially coming in somewhere in the 200-250K range
Nasdaq 100 Forecast: QQQ rises post-Fed, Apple reports after the close
US stocks are set to open higher as the market digests the latest Federal Reserve meeting and looks ahead to tomorrow's non-far payroll report. The Fed left rates on hold and calmed worries of a rate hike. However, Fed chair Powell also warned that rates would stay high for longer. Apple is due to report after the close amid concerns over iPhone sales and China.
Crude Oil Analysis: USOIL and Saudi Aramco Base Oil Test Significant Lows
WTI Crude Oil prices are on edge as anticipation mounts ahead of June's pivotal OPEC meeting
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Crude Oil Analysis: USOIL and Saudi Aramco Base Oil Test Significant Lows
Today 01:18 PM
Gold and silver analysis: XAG/USD nears major support
Today 12:16 PM
EUR/USD, USD/JPY Forecast: Two trades to watch
Today 08:17 AM
Gold forecast: Upside potential in focus as USD mulls a pullback
Today 04:23 AM
WTI crude oil forecast: Key moment looms with bullish uptrend under threat
Today 04:02 AM
Gold and silver analysis: XAG/USD nears major support
Precious metals have been hit by profit-taking, strong USD and reduced rate cut bets in recent weeks. However both gold and silver remain in dip-buying mode, with prices no longer extremely overbought. Silver technical analysis suggests that XAG/USD could rebound from breakout area circa $25/$26 zone.
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EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD is rising post-Fed on USD weakness. USD/JPY steadies after another suspected intervention.
Gold forecast: Upside potential in focus as USD mulls a pullback
The break above $2300 for gold was accompanied by strong volumes, and with the US dollar mulling a pullback it could benefit gold further over the near term.
WTI crude oil forecast: Key moment looms with bullish uptrend under threat
WTI crude was looking suspect even before Wednesday’s significant swoon, leaving the price teetering on key uptrend support dating back to the Fed’s rate cut pivot in December. Should it give way, there’s not standing between a larger flush to the mid-$70 per barrel region.
Another BOJ intervention may have just stole the show from the Fed
It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention.
FOMC Meeting Recap: US Dollar (DXY) Drops as Powell Feeds the Doves
The US dollar initially fell and indices rose as traders interpreted the Fed meeting and press conference as dovish.
EUR/USD analysis: US dollar in focus as attention turns to FOMC and NFP
US dollar is in sharp focus as investors' attention turn to FOMC policy decision next and NFP data on Friday, after the ISM Manufacturing PMI and JOLTS jobs opening data disappointed expectations.
Nasdaq 100 Forecast: QQQ falls despite AMZN earnings & ahead of the Fed
US stocks are pointing to a lower start in cautious trade ahead of the Federal Reserve interest rate decision. The Fed is expected to leave rates unchanged as inflation rose across the first quarter and as the jobs market remains resilient. ADP payrolls were stronger than expected. Fed jitters are overshadowing results from Amazon, which beat forecasts.
US dollar analysis: DXY faces crucial test with FOMC, NFP and PMI data ahead
US dollar analysis: Attention turns to ISM manufacturing PMI ahead of Fed meeting later. The key question is how will the dollar react to the FOMC policy decision as most of the hawkishness is priced in, with more key data coming up on Friday? For now, Dollar Index technical analysis suggests the greenback may be heading further higher.
WTI Crude Oil Charts: Oil Demand vs FOMC Statement
WTI Crude Oil takes a dive as market anticipations steer the wheel towards lower demand expectations
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