Gold and silver have witnessed respective declines as the ‘war premium’ dissipates and the dollar recovers lost ground on the back of Powell’s hawkish comments
Kategorie-Archiv: Forecasts
British Pound Outlook: GBP/USD, GBP/JPY and GBP/AUD Latest
The British Pound remains vulnerable to further losses against the US dollar but continues to move back towards a multi-year high against the Japanese Yen. GBP/AUD set for a six day rally.
US Dollar Forecast: EUR/USD, GBP/USD and AUD/USD Break Out, USD/JPY Muted
In this article, we analyze EUR/USD, USD/JPY, GBP/USD and AUD/USD from a technical standpoint, highlighting crucial price levels that may act as support or resistance in the upcoming week.
Euro Forecast: Euro Picks up after Markets Signal End to US Rate Hikes
EUR/USD was the main beneficiary of the dollar’s massive slide late on Friday after markets reduced the likelihood of another US hike amid slowing jobs data
Japanese Yen Weekly Forecast: BoJ Tweak Fails to Inspire but Dollar Weakness Looks Promising for USD/JPY
The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker US Dollar which should it continue could negate the need for full blown BoJ FX intervention.
Australian Dollar Forecast: The RBA is Under Starters Orders
The Australian Dollar found some traction ahead of the RBA monetary policy decision in the aftermath of accelerating inflation. Will a rate hike further boost AUD/USD and AUD/JPY?
British Pound (GBP/USD) Reverses Sharply Higher After US Jobs Data
The US bond market is sending out a clear signal, interest rates have peaked and they are going down next year. This US dollar weakness is helping GBP/USD reverse its recent slump
Gold, Silver Forecast: Bullish Run Cools but Upside Potential Remains
Gold and silver have witnessed a week of relative calm despite continued potential for conflict escalation. Elevated US yields keep gold below $2000 for the time being
Japanese Yen Forecast: Bank of Japan and Fed Decision to Shape USD/JPY’s Path
Bank of Japan and Federal Reserve monetary policy meetings to take center stage in the week ahead. Volatility could pick up for the U.S. dollar and Japanese yen, with several risk events on the calendar.
US Dollar Forecast: Could the Fed be the Catalyst for a Correction?
The US dollar’s rally has stalled ahead of the Oct. 31-Nov.1 FOMC meeting. Could the Fed be a catalyst for a correction in the USD? What are technicals saying?