Weekly Equities Forecast: JP Morgan, Wells Fargo, Citigroup
July 8, 2024 09:12 AM
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Gold Price Outlook Mired by Flattening Slope in 50-Day SMA
The price of gold may give back the advance from the November low ($2537) as it struggles to trade back above the 50-Day SMA ($2668).
Swiss Franc Short-term Outlook: USD/CHF Charge Uptrend Support
The USD/CHF sell-off testing support at the September uptrend ahead of tomorrow’s US non-farm payrolls report. Battle lines drawn on the short-term technical charts.
US Non-Farm Payrolls (NFP) Report Preview (NOV 2024)
The US is anticipated to add 200K jobs in November, while the Unemployment Rate is expected to increase to 4.2% from 4.1% during the same period.
Trade ideas
Gold Price Outlook Mired by Flattening Slope in 50-Day SMA
Today 08:18 PM
Swiss Franc Short-term Outlook: USD/CHF Charge Uptrend Support
Today 07:27 PM
S&P 500 forecast: New highs for US stocks, DAX and Bitcoin
Today 04:34 PM
Euro Technical Outlook: EUR/USD, EUR/JPY Pullbacks
Today 04:25 PM
British Pound Short-term Outlook: GBP/USD Bulls Emerge
Today 01:51 PM
S&P 500 forecast: New highs for US stocks, DAX and Bitcoin
Investors are looking ahead of the all-important non-farm payrolls report on Friday. Ahead of this, there were little signs of waning appetite for risk, keeping the S&P 500 forecast and trend bullish. But as the index starts to drift higher and higher into overbought levels, investors will be wondering when the Trump trade will be fully priced in.
Euro Technical Outlook: EUR/USD, EUR/JPY Pullbacks
While the headlines out of Europe have been largely negative, price action in the Euro hasn’t quite matched that pace. EUR/USD continues to push-higher while holding 1.0500 and EUR/JPY has pulled back from the early-week sell-off.
NFP Preview: Could a Strong Jobs Report Put a December Fed Pause in Play?
The Fed is likely, but not certain, to cut interest rates by 25bps later this month, and a strong NFP report could reopen the door for close decision.
Nasdaq 100 Forecast: QQQ muted after jobs data
U.S. stocks are set for a muted opening as investors digest the latest jobs data and prepare for tomorrow's nonfarm payroll report. Yesterday, the S&P 500, the NASDAQ 100, and the Dow Jones booked record closing highs thanks to a surging technology sector and after Federal Reserve chair Jerome Powell highlighted the strength of the US economy.
British Pound Short-term Outlook: GBP/USD Bulls Emerge
British Pound rallied more than 2.1% off the November low with the GBP/USD now testing pivotal resistance. Battle lines drawn on the GBP/USD technical charts.
USD/JPY outlook: Attention turns to NFP ahead of CPI, Fed and BoJ meetings
There's some speculation that the Bank of Japan will hike interest rates at its upcoming policy decision on December 19, while dollar traders are looking forward to the release of US non-farm payrolls report on Friday, inflation data next week and the Fed’s own interest rate decision on December 18. So, the USD/JPY outlook is subject to change significantly in the next two weeks.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD rises despite the French government's collapse. USD/JPY falls with BoJ rate hike bets in focus & ahead of jobless claims data
Crude Oil Outlook: 4-Year Support vs OPEC December Decision
Crude Oil Outlook: With several challenges facing OPEC’s meeting today, crude oil’s 4-year support zone remains pivotal in determining its next move—will it result in a bearish breakout or a bullish reversal?
AUD/JPY: Metallica, RBA rate pricing, and the battle going on below
AUD/JPY is caught in a battle as fierce as a Metallica riff, with rich RBA rate cut pricing and technical support making for ding-dong battle at 96.22.
EUR/JPY, GBP/JPY: Rate differentials matter, politics don’t
French political chaos grabs headlines, but EUR/JPY and GBP/JPY aren't flinching. Rate differentials are steering the ship. Are morning star patterns signalling a reversal? We break down setups cutting through the noise.
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