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AUD/USD, RBA mins in focus, Nasdaq tracks Thanksgiving seasonality: Asian Open

We're on the lookout for any hawkish undertone in today's RBA minutes - given the RBA's statement was deemed to be less hawkish than expected. Failure to do so could see AUD/USD hand back some of it's gains. The Nasdaq is also following its seasonaly tendency to rise into Thanksgiving.

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November 20, 2023 10:22 PM
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AUD/USD, USD/JPY forecast: Asian Open – Nov 20, 2023

With a bullish engulfing week and day for AUD/USD on Friday, can the Aussie muster up the strength for a breakout above key resistance? And if losses on USD/CNH are anything to go by, perhaps USD/JPY is preparing to follow suit.

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November 19, 2023 10:06 PM
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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD falls ahead of ECB President Lagarde's speech & US jobless claims. Oil falls for a third straight day after inventories rise.

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November 16, 2023 08:53 AM

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WTI crude oil mean reversion kicks in, ASX for 7100? Asian Open

WTI crude oil rose for a second day after the monthly OPEC report played down demand concerns and blamed speculators for oil's recent decline. A move to $80 at a minimum or $83 could now be on the cards. We also have a near-term bullish bias on the ASX 200.

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November 13, 2023 10:02 PM

AUD/USD, S&500 analysis: Asian Open – Nov 13, 2013

The S&P 500 continues to defy gravity and appears on the cup of breaking above a key resistance level. And whilst AUD/USD fell for five days last week, it is fast approaching a key support level that has been favourable to dip buyers in recent times.

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November 12, 2023 10:08 PM

GBP/USD, USD/JPY Forecast :Two trades to watch

GBP/USD struggles as UK GDP stalls. USD/JPY grinds higher after a hawkish Fed Chair Powell.

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November 10, 2023 08:46 AM
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USD/JPY rises to resistance, USD ready to retrace? Asian Open

If the BOJ were going to intervene, it could be argued they'd have done it already. But that doesn't mean the market can't do some of the work for them by sending USD/JPY lower from key resistance levels. And if the US dollar pulls back as I suspect, it places USD/JPY short onto the watchlist.

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November 8, 2023 09:44 PM

GBP/USD, DAX Forecast: Two trades to watch

GBP/USD falls ahead of BoE Bailey & Fed Chair Powell’s speeches. DAX falls ahead of German inflation & retail sales data & as after Commerzbank, Adidas earnings.

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November 8, 2023 09:02 AM

WTI continues to defy the consensus, AUD/USD falls post RBA: Asian Open

WTI fell over 4% to a 4-month low on Tuesday after slicing through $80. AUD/USD was also the weakest FX major after the RBA's statement lacked the level of hawkishness traders were seemingly positioned for.

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November 7, 2023 09:33 PM
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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD falls after weak German industrial production and as the USD rebounds. Oil falls below $80 after weak Chinese data.

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November 7, 2023 08:24 AM

Gold falters around $2,000, although seasonality could be on its side

Gold enjoyed its best month in seven in October, with its 7.3% rise forming a clear bullish engulfing candle and was its third best month of the year. Whether it can extend its rally and make a run for a new record high remains to be seen, but we have seen gold failed around the $2075 highs three times since 2020. What would be so different this time?


AUD/USD, ASX 200 tread water ahead of expected RBA hike: Asian Open

With an overwhelming majority now backing a 25bp RBA hike today, the RBA may need to deliver a hawkish hike for AUD/USD to stand any chance of a sustainable break above resistance and send the ASX 200 materially lower.

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November 6, 2023 10:00 PM

AUD/USD surges ahead of RBA’s expected rate hike: Asian Open

AUD/USD finally saw the break above 64c that we have been anticipating, on renewed bets of an RBA hike alongside a weaker nonfarm payrolls report.

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November 5, 2023 10:16 PM

AUD/USD looks comfy above 64c, as does WTI above $80: Asian Open

AUD/USD produced a clear and decisive break and, unless we see an abnormally strong nonfarm payroll later today, I suspect the Aussie could be headed for 65c. WTI crude oil is also trying to turn higher just above $80 which places a potential bounce on the cards.

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November 2, 2023 10:46 PM

AUD/USD on verge of breakout? ASX 200 perk up: Asian Open – Nov 2 2023

AUD/USD has continued to defy bears with a sustainable break below 63c. And with momentum now turning higher and a bullish engulfing candle closing on a key resistance level, I'm on high alert for a bullish breakout. The ASX 200 also shows some appetite for further gains, as long as it can also break a key resistance level nearby.

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November 1, 2023 10:21 PM

AUD/USD in focus for AU CPI, gold holds support: Asian Open – 25/10/2023

The importance of today’s Australian inflation report has only increased following last week’s relatively hawkish RBA minutes and comments from the Governor on Tuesday. And that leaves AUD/USD vulnerable to a rally from relatively low prices should CPI come in hot. We've also seen the required pullback to support to for gold, to reconsider a cheeky long.

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October 24, 2023 10:58 PM
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DAX, Oil Forecast: Two trades to watch

DAX eases after Chinese data and on inflation jitters. Oil rises after US ramps up sanctions on Russia.

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October 13, 2023 08:48 AM

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WTI crude oil suffered its worst week in 6 months: Asian Open – 09/10/2023

The rapid decline of oil prices last week has seen calls for $100 WTI come into question. But with prices showing signs of stability above $80 on Friday and Iran declaring war on Palestine, oil prices will be closely watched due to concerns of a supply disruption potentially on the horizon.

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October 8, 2023 10:50 PM
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Nasdaq100 Forecast: Stocks inch higher on hopes that peak rates are here

US stocks are edging higher ahead of the Federal Reserve interest rate decision. The Fed is expected to leave rates unchanged at 5.25%-5.5%. However, the key focus will be on what comes next. The market is pricing in a 70% probability that the Fed will keep rates unchanged again in November. Yet with inflation still over 2%, resilience in the US economy and oil heading towards $100 the Fed is likely to keep the door open for further hikes if needed.

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September 20, 2023 01:46 PM
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EUR/USD, Oil Forecast: Two Trades to Watch

EUR/USD rises after 9 weeks of losses, its longest losing steak since inception. Oil rises towards $93 a barrel, lifted by supply concerns.

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September 18, 2023 08:34 AM

GBP/USD, Gold Outlook: Two Trades to Watch

GBP/USD rises after hot inflation makes a June rate hike a done deal. Gold slips ahead of Fed Powell’s testimony.

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June 21, 2023 08:04 AM

EUR/USD forecast, USD/CAD forecast: Two trades to watch

Could EUR/USD return to 1.10? USD/CAD looks to US jobless claims, Fed speak & BoC’s Macklem.

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April 20, 2023 08:17 AM

EUR/GBP forecast, Oil forecast: Two trades to watch

EUR/GBP falls as more BoE rate hikes are expected. Oil edges lower ahead of EIA stockpile data.

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April 19, 2023 09:00 AM