Financial market alerts
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?
US Dollar Analysis: Fed's Hawkish Hike Boosts Buck
The US dollar rises as the Fed still expects another rate hike and only two rate cuts next year
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.
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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.
Japanese Yen Analysis: Will USD/JPY Break its Short-Term Range?
USD/JPY is holding steady near its highest levels of the year, with traders watching the well-defined short-term range from 145.00-146.60...
Gold Price Analysis: Gold to See 6th Down Day as Real Yields Hit 14-Year Highs?
Gold is threatening to close lower for its 6th straight day, with potential to extend its drop toward $1865 before finding support...
British Pound Analysis: GBP/USD Bulls Boosted by Bets on BOE Bazooka
GBP/USD is approaching near-term resistance around 1.2800 ahead of tomorrow’s retail sales report...
Key CPI reports for UK and CA, China data and FOMC minutes: The Week Ahead
It may be the middle of the US summer, but economic data keeps coming thick and fast. A defiantly strong set of economic data from the UK piles the pressure on the Bank of England (BOE) to keep tightening, and makes next week's Consumer Price Index (CPI) report as relevant as ever.
WTI crude oil and natural gas fan fears of another round of inflation
Natural gas – a key inflationary input – is teasing markets with a bullish breakout on the eve of a key US inflation report in the US. A day after WTI hit a new YTD high.
Fed Meeting Instant Analysis: USD/JPY Slips as Fed Flips Fully Data Dependent
USD/JPY edges lower after Fed Chair Powell emphasizes patience...
AUD/USD falls as soft CPI prompts renewed hopes of an RBA pause
Whilst Aussie employment data raised expectations of another RBA hike, today’s soft CPI figures may get the RBA off the hook from those opposing higher rates. AUD/USD fell accordingly.
US Dollar Analysis: GBP/USD Has a Look Below 1.2850 Support Ahead of the Fed
GBP/USD is trading at a two-week low under previous-resistance-turned-support at 1.2850, potentially opening the door for a deeper retracement if the Fed is hawkish
GBP/USD and EUR/USD in focus for UK and euro CPI reports
Inflation reports for the UK and eurozone put GBP/USD and EUR/USD firmly onto trader's radars, although options markets suggest the UK report is the more important of the two.
Canadian Dollar Analysis: Did USD/CAD Form a Bottom at 1.31?
A near-term bottom may be in for a USD/CAD rally back toward 1.3300+, depending on Canada’s CPI reading...
Stagflation: meaning, causes and examples
Fears of stagflation in the UK are increasing amid supply bottlenecks, energy shortages and cost of living fears. But what exactly is stagflation? And what could it mean for the economy?
AUD/USD dragged lower by slower pace of AU inflation
AUD/USD fell to a 3-week low following today’s CPI report, which could see the RBA members sigh in relief as the rate of inflation slows.
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S&P 500 Analysis: Fed delivers a more “Hawkish Hold,” Stocks Slip
The S&P 500 is still holding this week’s breakout above key previous resistance in the 4325 area, keeping bullish hopes alive
Gold Analysis: Fed “Hawkish Hold” Likely, H2 Outlook Key
Gold is poised for a potential breakout around the Fed meeting after spending the last 4 weeks consolidating in a tight $50 range.
US dollar analysis: USD/JPY coiling ahead of CPI, Fed, and BOJ
USD/JPY has spent the last three weeks consolidating in a symmetrical triangle pattern but a breakout may be imminent...
Canadian dollar analysis: BOC surprises with a hike, USD/CAD falls to trendline support
USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase
EUR/USD analysis: Cooler inflation fails to shift ECB hike bets
Investors’ focus now turns back to US data as speculation over whether the Fed will hike in June continues. Watch out for fresh EUR/USD analysis from the team as the data could shift Fed bets again.
The Week Ahead: S&P 500 bears begin to capitulate on debt-ceiling hopes
We could be off to a quiet start to the week as public holidays in the UK and US will see key trading hubs closed on Monday. But whilst low-liquidity sessions can be quiet, they can also provide uncomfortable levels of volatility should an unexpected catalyst arrive.