Developments on the charts suggest US equity indices could be preparing for a break higher, raising the prospect that the worst could be over for now. What is the outlook on the S&P 500 index and the Nasdaq 100 index and what are the levels to watch?
Kategorie-Archiv: Forecasts
Canadian Dollar Outlook: Markets Think Next Week’s BoC Rate Hike Will be the Last
The Canadian Dollar is eyeing next week’s Bank of Canada monetary policy announcement. A 25-basis point rate hike is priced in. Will it conclude the tightening cycle?
Japanese Yen Technical Forecast: USD/JPY Bounces After Kuroda Comment
USD/JPY has made a loud turn from the bullish trend that dominated in the first nine months of last year. But for how long can USD/JPY pull back?
S&P 500 and NASDAQ 100 INDEX Technical Outlook: Still Not Out of the Woods
US equity indices have lagged behind the performance of some of their peers in recent weeks and it appears that they are still not out of the woods. What is the outlook on the S&P 500 index and the Nasdaq 100 index and what are the levels to watch?
Dollar Searches for Break from Range with EURUSD and USDJPY Prime Candidates
The holidays are passed, but the restrictive trading conditions seem to have carried over into the second half of January. The Dollar has been trapped in a tight range through this week as market participants await a clear signal. Will we get it amid key event risk like the US 1Q GDP release next week?
Pound Fundamental Forecast: Constrained Consumers Send GBP Lower
The pound continues to grapple with many fundamental challenges. The main ones include stubbornly high prices, declining economic activity (spending).
Australian Dollar Outlook: CPI Moves into View
The Australian Dollar made a six-month peak last week as the US Dollar continues to weaken with the Fed in focus. Local CPI data is due this week. Will it push AUD/USD higher?
US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/CAD
The US Dollar set a fresh seven-month-low this week while testing a key spot of support at the 50% mark of the two-year-trend.
S&P 500 and Nasdaq 100 Fundamental Forecasts for the Week Ahead
US equity markets have been on the back foot for most of the week as the US earnings season gets into full flow.
Dollar Pushes 7-Month Lows but Dive in Rate Forecast Cooling, VIX Connection Important
The broader measure of the US Dollar – the DXY Index – dropped its lowest level since early June this past week. The reversal seems productive with the 2022 run up providing plenty of premium to burn, but the fundamental backing to this move is less reliable than bears may appreciate.