The Japanese Yen extended losses this past week, with USD/JPY and GBP/JPY facing key resistance levels that if broken, open the door to extending their broader uptrends.
Schlagwort-Archiv: Forecast
Australian Dollar Forecast: US Dollar Dominates AUD/USD, Undermining AUD/JPY
The Australian Dollar languished lower last week as the US Dollar found support with Treasury yields building despite a soft US CPI read. If the range holds, will AUD/USD mean revert?
British Pound (GBP) Forecasts: GBP/USD and EUR/GBP Ahead of Key UK Data
The latest UK growth data showed the economy in slightly better health than previously thought. Next week, the latest inflation and jobs releases will be key for Sterling moving forward
Gold and Silver Price Forecast: XAU/USD & XAG/USD at Mercy of US Inflation Data
U.S. inflation data’s momentum is expected to play a significant role in shaping the outlook for gold and silver prices in the short term by influencing the Fed’s monetary policy roadmap.
Oil Forecast: WTI Recovery Meets Resistance after Saudi, Russia Confirm Cuts
OPEC’s ministerial panel closely monitors the oil market as Saudi and Russian oil cuts are scheduled for September. WTI on track to rise for a sixth straight week
Japanese Yen Forecast: USD/JPY, GBP/JPY Struggle for Fresh Highs as FX Intervention Fear Lingers
Yen enjoyed a mixed week against its G7 counterparts but faced renewed pressure as the initial bounce following a tweak of the YCC policy wore off. More losses in store for the Yen?
Euro Forecast: EUR/USD Holds at Support, EUR/JPY Remains Stuck in Range Trade
The Euro was able to fend off a push from the US Dollar last week in the aftermath of Friday’s non-farm payrolls report. How does this leave EUR/USD and EUR/JPY looking heading into the new week?
Australian Dollar Forecast: AUD/USD and AUD/NZD Whipped but Range Bound
The Australian Dollar collapsed last week but is yet to break the big picture range as global markets question the rosy outlook that prevailed through July. Will AUD/USD bounce from here?
S&P 500, Nasdaq 100 Forecast: Apple and Amazon Earnings Eyed Before US Jobs Data
Corporate earnings from tech mega-caps Apple and Amazon, along with the June U.S. jobs report, could set the trading tone for the S&P 500 and Nasdaq 100 in the week ahead.
Gold and Silver Forecast: Rate Hikes Weigh on XAU/USD, XAG/USD
Interest rate hikes by the US Federal Reserve and the European Central Bank are keeping a lid on gold and silver. What is the outlook on XAU/USD and XAG/USD and what are the key levels to watch?