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EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD falls ahead of EZ services PMI data. FTSE falls for a second day, miners under pressure.
S&P 500 forecast: A closer look at ‘Santa’s rally’
Santa’s rally refers to the tendency for equity markets to rally into the end of the year. Today we take a closer look at this phenomenon on the S&P 500.
S&P 500 forecast: SPX looks to data for policy clues as blackout period kicks in
S&P 500 is heading to a lower open amid a cautious market mood. After strong gains across November, on bets that the Fed is at peak rates and could cut next year, attention now turns to economic data for clues over the Fed's next move. US factory orders are due today but the main focus will be on Friday's non-farm payroll figures. Meanwhile Uber rallies on S&P 500 inclusion news and Coinbase soars as Bitcoin hits breaks above $40k.
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EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD falls with rate cut bets in focus. USD/JPY falls to a 3-month low as geopolitical tensions rise.
Gold eyes record high, ASX probes resistance: Asian Open
Gold took full advantage of lower yields on Friday to accelerate into its record high, leaving the question as to whether it can break above this key milestone or present us with a desirable pullback first. The ASX 200 is also considering a break above its 200-day MA.
AUD monthly wrap: December 2023
AUD/USD was the strongest performer among the Aussie pairs we track in November. A combination of hawkish RBA alongside bets of Fed cuts in 2024 played nicely with our long bias. What will December bring?
Gold on a sec… gold just posted its highest monthly close on record
Gold just posted its highest monthly close on record, and now trades less than $40 from its record high set in May. With seasonality on its side, I suspect another crack at the record high could be in order. Although it does run the risk of a shakeout around the milestone level.
DAX, Oil Forecast: Two trades to watch
DAX extends gains ahead of EZ and US inflation data. Oil holds steady with the OPEC+ meeting and China data in focus.
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.
AUD/USD, gold stall around key levels ahead of US inflation: Asian Open
The US PCE inflation report is arguably the event of the week, and with traders having vigorously sold the US dollar ahead of it I am left wondering if it is a case of ‘sell the rumour, buy the fact’ – especially if it comes on hot. And with AUD/USD and gold stalling around key levels on Wednesday, the potential for mean reversion seems apparent.
Nasdaq 100 forecast: Nasdaq 100 rises on rate cut optimism
US stocks are rising in risk on trade after comments from Federal Reserve officials raised expectations that the Fed was done hiking interest rates and is looking at when to start cutting rates. The market is now pricing in a 40% probability of a 25 basis point hike in March. Attention is shifting to tomorrow's inflation data for further clues over the path for rates.
FTSE and crude oil analysis: Will rebound in oil finally lift UK index?
Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD rises to 1.27 on divergent central bank chatter.
EUR/USD, USD/JPY implied vols rise ahead CPI and GDP data: European Open
With a host of inflation data from Europe and GDP data for the US, implied volatility has picked up to wake markets up from their post-Thanksgiving lull. Today we take a look at USD/JPY and EUR/USD for a potential setup.
NZ dollar takes flight as RBNZ strike a hawkish tone (NZD/USD, AUD/NZD)
Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that “inflation remains too high”. And with traders front-loading a weak CPI print for the US later this week it has catapulted the New Zealand dollar higher.
AUD/USD hits resistance pre-CPI as USD/JPY, USD/CNH probe support: Asian Open
With USD/CNH and USD/JPY probing key support levels, we may require a break of them for AUD/USD to stand a chance of continuing its strong rally (which met strong resistance on Tuesday). Unless of course Australia is treated to an uncomfortably hot inflation report today, which could fan fears of another RBA hike.
Gold analysis: Precious metals, stocks climb as yields and dollar drop
Gold was up nearly 1.3% by late afternoon trading in London, near $2040 while silver was closing in on the $25.00 level. The precious metals have been supported by two factors: Bond yields and US dollar, both falling.
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EUR/USD analysis: Technical Tuesday – Nov 28, 2023
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analyse the EUR/USD pair.
DAX, GBP/USD Forecast: Two trades to watch
DAX slips, German consumer confidence ticks higher. GBP/USD consolidates at a 3-month high ahead of US consumer confidence data.
AUD/USD, ASX 200 continue to go their separate ways: Asian Open
Two milestones were set on Monday for two key Australian markets, which saw AUD/USD close above its 200-day average for the first time in four months and the ASX 200 close below 7,000.
Crude oil analysis: WTI off lows as focus turns to OPEC+ meeting
Crude oil analysis: Investors await OPEC+ meeting on Nov 30. We expect rollover of Saudi and Russia cuts, which could help to support prices. WTI needs an interim higher high above $77.60-$78.50 to signal trend reversal after intense selling over the past several weeks.
EUR/USD outlook: Currency Pair of the Week – Nov 27, 2023
EUR/USD outlook supported by weakening US dollar, which will be put under the spotlight by GDP and core PCE inflation data this week. Weaker Eurozone inflation data could paradoxically lift EUR/USD to 1.10 as technical analysis shows path of least resistance remains to the upside.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD rises ahead of a key week for data. Oil slides with the focus on Thursday's OPEC+ meeting.