The recent sell-off in the US dollar can be clearly seen in a born-again EUR/USD which continues to probe higher. Sterner tests for bulls lie ahead.
Kategorie-Archiv: Forecasts
S&P 500, Nasdaq, Dow Jones Technical Forecast for the Week Ahead
Stocks put in a strong bullish response after CPI data and the S&P 500 is threatening breakout from the 2022 bearish trendline that held the highs for most of last year.
Gold, Silver Price Forecast: Gold Breakout, Silver Resistance Test
Gold put in a massive move of strength this week, but Silver is struggling with the same spot of resistance that’s held the highs for a month now.
Australian Dollar Outlook: Punching Higher on Soft US Dollar
The Australian Dollar jumped higher on renewed optimism around China’s re-opening and the US Dollar taking a pounding the market discounts the Fed’s words. Will AUD/USD go higher?
British Pound Fundamental Forecast: GBP/USD Turns to UK CPI After US Inflation
The British Pound pushed higher against the US Dollar this past week as softening US inflation data boosted less hawkish Federal Reserve policy bets. GBP/USD turns to UK CPI next.
US Stocks Forecast: S&P 500 Pauses as Big Banks Stash Cash for a Bumpy 2023
Major US bank earnings prove largely resilient, but warnings of possible credit pressures send the S&P 500 lower on Friday as banks bolster cash reserves
Euro 6-Week Winning Streak Ends, Will Softer US CPI Rekindle EUR/USD?
The Euro’s 6-week winning streak came to an end. But, disappointing US hourly earnings and ISM services data sets a sour tone for key CPI data next. EUR/USD may rise.
US Dollar Technical Forecast: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar posed a bullish breakout from the three-week range but aggressively snapped back after a disappointing PMI release, highlighting growing impact from the Fed’s rate hike strategy.
GBP Fundamental Forecast: Festive Cheer Ends and UK PM Seeks End to Strikes
Sterling remains vulnerable as companies issue trading warning for 2023. Trade unions continue with strikes and government plans to cut energy relief for corporates
S&P 500, FTSE 100, Hang Seng Outlook Different Levels of Delirium
Depending on what benchmark ‘risk’ asset you refer to you, it could seem that the fundamental outlook for the global markets was encouraging – borderline exceptional. The reality is higher rates, probable recession and other issues that follow. So what to make of the S&P 500’s hold, FTSE 100’s proximity to records and Hang Seng’s surge?