The precious metal turned sharply lower at the end of the week as impressive US PMI data lifted the downtrodden dollar. US GDP data next week likely to provide direction
Schlagwort-Archiv: Market
US Dollar Weekly Outlook: is the US Heading for Uninspiring Economic Growth?
The US Dollar finally got a break this week after persistent losses. But, this may be short-lived if GDP signals that uninspiring growth is ahead. What are the key DXY levels to watch next week?
Gold Weekly Forecast: Is it Time to Turn Cautious on XAU/USD?
Gold’s rise to a new 13-month high reaffirms that the near-term trend remains up on hopes that the US Fed is nearing the end of the tightening cycle. The yellow metal is now approaching one of the strongest resistance levels that it has faced in months.
S&P 500 Week Ahead Forecast: Bullish Momentum Fades as Bears Flirt with Comeback
The S&P 500 and Nasdaq 100 rose slightly during the week, but upward momentum waned as interest rate expectations have begun to drift higher from their level of a few weeks ago.
Pound Sterling Forecast: UK Fundamental Data Fails to Inspire, CPI Next
Recent GBP/USD performance flatters the pound while further afield, sterling has not performed all that well particularly against the euro and franc. UK CPI up next
Euro Week Ahead Forecast: EUR/USD Looking to Build A New Base
EUR/USD made a fresh yearly high this week and looks set to move higher. A period of consolidation may help set the pair up for the next leg.
US Dollar Weekly Forecast: Without Need for Safety, DXY May Keep Getting Punished
Not much love seems to be in store for the US Dollar as traders continue focusing on ebbing inflation, a dovish Federal Reserve and a potentially resilient labor market. Where to for DXY?
Dow Jones, S&P 500, Nasdaq 100 Technical Outlook: Will Q2 Offer Meaningful Breakouts?
The Dow Jones, S&P 500 and Nasdaq 100 reinforced key price levels in the first quarter for traders to watch. Will meaningful breakouts occur in Q2?
Australian Dollar Fundamental Outlook: RBA Pauses with CPI Ahead
The Australian Dollar finished the first quarter not far from where it started after trading in a wide range of 0.6565 – 0.7158 through the first three months of 2023.
Equities Q2 Fundamental Outlook: Who is Right About SVB, the Fed or Markets?
The Nasdaq 100 outperformed the Dow Jones in the first quarter as SVB’s collapse triggered aggressive Fed rate cut bets. The only thing is that is not what the central bank envisions.