The Australian Dollar has struggled to make ground despite strong local data as the US Dollar machinations continue to ricochet across markets. CPI lies ahead. Will it hit AUD/USD?
Schlagwort-Archiv: Estimate
British Pound (GBP) Forecast: GBP/USD and GBP/JPY Outlooks Diverge
The British Pound turned lower against a range of currencies this week after inflation data missed expectations, but GBP/JPY moved higher Friday.
Renewed Weakness in US Dollar: EUR/USD, GBP/USD, USD/JPY Price Setups
The US dollar’s fall to new multi-month lows against its peers coupled with the break below key support levels is a sign of renewed bearishness in the greenback. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?
US Crude Oil Weekly Forecast: Upbeat Market Looks To China GDP
Crude oil prices have risen for a third straight week bolstered by a wide variety of support and this trend looks likely to continue.
Gold Weekly Forecast: Breakout Fails to Kick on as Technicals Flash Mixed Signals
Spot Gold attempted a slight recovery on Friday as the $1960 handle continues to hold firm. Can Gold prices finally kick on toward the coveted $2000/oz mark?
S&P, Nasdaq Weekly Forecast: US Stocks Eye Further Upside as Q2 Earnings Get Underway
US stocks enjoyed another prosperous week as US inflation surprised to the downside, sending the dollar sharply lower and stocks higher. Q2 Earnings up next
Australian Dollar Outlook: US Dollar Rout Boosts the Aussie
The Australian Dollar got a spring in its step last week as the US Dollar tumbled following soft inflation readings. A new RBA Governor might mean more of the same for monetary policy.
British Pound Outlook: Inflation Data Will Drive GBP/USD and EUR/GBP
US inflation is on the way down, taking the wind out of the US dollar’s sails. Will next week’s UK inflation report temper Sterling’s recent surge?
Japanese Yen Q3 Forecast: Weakness Unlikely to Abate Soon but FX Intervention Risks Grow
The Japanese yen could remain biased to the downside early in the third quarter in response to monetary policy divergence between the Bank of Japan and other developed market central banks.
Dow, S&P 500, Nasdaq Technical Outlook: No Sign of a Reversal
The S&P 500 and the Nasdaq 100 index’s break above key resistance confirms that the 2022-2023 downtrend has ended, raising the odds of a resumption of the long-term uptrend. While Nasdaq looks a bit tired, DJIA appears to be on the verge of a bullish break.