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AUD/USD weekly outlook: Aussie rises for a second week, RBA on tap

The RBA will announce their cash rate decision on Tuesday alongside their quarterly SOMP with updated staff forecasts. And that can quickly reshape expectations for the rest of the year and move AUD/USD accordingly.

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Today 09:00 PM
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DJIA, S&P 500, Nasdaq 100 Forecast: US Indices Recapture Key Levels on Dovish Fed, Solid Earnings

The Dow Jones, S&P 500, and Nasdaq 100 all recaptured key technical levels, carrying a bullish bias to the coming week.

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British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP

The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.

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Gold analysis: Outlook remains positive despite post NFP drop

Gold remains in dip-buying mode but fresh bull signal needed. On Friday, NFP and ISM services PMI both came in weaker although gold couldn't break out. Economic calendar is lighter for US data in the week ahead.

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Weekly equities forecast: Disney, BP & Uber earnings previews

With a quieter economic calendar attention will be on earnings. Disney, BP, and Uber are among some of the companies reporting this week.

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Yesterday 03:00 AM
Congress building

S&P 500 Forecast: SPX jumps after a weaker NFP report & Apple results

US stocks are pointing to a stronger open after weaker than expected non-farm payroll report which has seen the market bring forward Fed rate cuts and after Apple's results. Apple announced a $110 million share buyback, the largest in US history. Attention turns to US services PMI data which is due to report shortly.

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May 3, 2024 02:03 PM
Oil drilling in sea

Crude oil analysis: Brent aims to find a low after sharp drop

War risk premium fades but OPEC+ cuts and reduced fears about Eurozone economy keep oil prices supported. Brent oil technical analysis suggest prices are now at key support zone.

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May 3, 2024 01:11 PM
Jobs

GBP/USD, Oil Forecast: Two trades to watch

GBP/USD inches higher ahead of the non-farm payroll report. Oil rises but is set for worst weekly loss in 3-month

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USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)

The US dollar fell for a second day after the Fed closed the door on any further hikes. And that places today’s nonfarm payroll report (NFP) into focus. But given NFP’s tendency to beat estimates in recent history, perhaps the US dollar could be setting itself up for a bounce. We take a look at key levels for US dollar index, USD/JPY, USD/CAD and AUD/USD.

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May 3, 2024 08:01 AM
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GBP/AUD in the crossfire of BOE and RBA meetings: The Week Ahead

As currency traders we seek divergent themes between economies in identify probable moves on currency pairs. And should we see the RBA deliver a hawkish tone whilst the BOE release the doves, it could send GBP/AUD lower alongside the respective yield differential between the two economies.

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May 3, 2024 07:01 AM
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USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed

The suspected intervention from the BOJ this week has changed the game for USD/JPY, placing a rather large barrier in the way of further upside at a time when US bond yields were already looking toppy.

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May 3, 2024 02:00 AM
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S&P 500 analysis: Apple earnings and NFP in focus after Fed’s mixed signals

S&P 500 analysis: Investors interpret Fed as slightly less hawkish than expected, but macro concerns remain. Attention turns to Apple, expected yo report a 10% decline in iPhone sales, before Friday's release of NFP and ISM services PMI.

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