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
Schlagwort-Archiv: Market
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.
Gold Q3 Technical Forecast: Recent Breakdown Signals More Losses
The recent breakdown in gold prices could portend further losses for the yellow metal early in the third quarter.
Q3 Euro Fundamental Forecast: Deteriorating Data to Test ECB’s Resolve
Worsening economic data in Germany and wider Europe sets up an interesting third quarter as the ECB maintains hawkish resolve. Euro to feel the pressure
Bitcoin Q3 Technical Forecast: Candlestick Patterns Hint at Potential Bullish Continuation
Bitcoin Prices may see a short-term pullback in the early part of Q3 but remains poised for further gains.
Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter
The Canadian dollar’s rise against the US dollar above key resistance points to further gains on improving risk appetite amid resilient global growth, signs of a turnaround in commodity prices, and hopes of more stimulus from China.
Bitcoin Looking to Shrug Off Regulatory Concerns and Push Even Higher
Bitcoin is entering the third quarter of the year on the front foot and is looking to print a new yearly high after rallying sharply in the last weeks of June.