The euro has taken a back seat amid scarce high importance data. In the coming week EU PMI data will help inform eurozone prospects after slightly better Q2 growth
Schlagwort-Archiv: Market
Gold, Silver Forecast: It’s Now or Never for XAU/USD, XAG/USD
Gold and silver are approaching a crucial juncture that could define the trend for subsequent weeks, perhaps months. What is the outlook and what are the key levels to watch in XAU/USD and XAG/USD?
US Dollar Forecast: Dollar Index Rally Continues with Fundamental and Technical Challenges Ahead
The Dollar Index (DXY) Is on a tear at the moment with its fourth successive week of gains. Will the rally continue given that the FOMC minutes and a barrage of resistance lie ahead?
US Crude Oil Weekly Forecast: Market May Be Tiring Close to 2023 Highs
The WTI Market has climbed back to its highs for the year but doesn’t look comfortable there
Euro Forecast: EUR/USD Flattens Out, EUR/JPY Rise in Jeopardy at Intervention Levels
A notable step down in high impact EU-related data could lead to sideways price action, EUR/JPY extension at risk as yen depreciation gets to prior intervention levels
Japanese Yen Forecast: USD/JPY, GBP/JPY Rise to Key Resistance Levels. Will They Hold?
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.
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