US equity markets are battling against a strong US dollar and higher US bond yields. Monthly option expiry and Monday’s US bank holiday will increase volatility.
Schlagwort-Archiv: Market
US Dollar Technical Outlook: Consolidation Within the Downtrend
Technical charts suggest it may be too soon to conclude the end of the global US dollar slide. The recent jump in the greenback appears to be a consolidation/correction within the overall downtrend. What is the outlook on some of the major currency pairs?
Gold Fundamental Forecast: US Yields and USD Guide Gold Ahead of CPI
A rise is US 2-year yields has weighed on gold’s hopes of clawing back recent losses. Yields and the dollar remain central to gold valuations heading into CPI next week
Australian Dollar Outlook: The Good Times Keep Rolling
The Australian Dollar steadied during the week despite the RBA hiking rates and the trade surplus continuing to fill the coffers of exporters and the government. Will AUD/USD go higher?
S&P 500, Nasdaq and Dow Jones Technical Forecast for the Week Ahead
The technicals for US Indices hint at further downside ahead following a positive start to 2023. Can US data out this week reignite the bullish momentum?
Gold Price Forecast: XAU/USD Stalks Technical Support Around $1,870.
Gold prices have stalled in a narrow range of technical support and resistance between $1,870 and $1.880. With XAU/USD trading flat, breakout potential builds.
Euro Week Ahead: EUR/USD Downside in Focus With US CPI Ahead
The Euro suffered its worst 2-week drop since September as markets aligned themselves closer with what the Fed sees for tightening this year. EUR/USD faces US CPI next.
British Pound (GBP) Fundamental Outlook for the Week Ahead
UK growth flatlined in Q4 2022 according to the Office for National Statistics (ONS) today, leaving Sterling caught in the growth vs. inflation conundrum.
Gold Price Forecast: XAU/USD Awaits Fedspeak after Absolute Blowout Jobs Report
Gold prices are bracing for another volatile week with the focus shifting to Fedspeak after an absolute blowout jobs report. Will dovish expectations erode, plunging XAU/USD?
S&P 500 and NASDAQ 100 INDEX Technical Outlook: How Much More Upside?
While the key central banks’ interest rate decision may have been in line with expectations, it has left US equities in a bullish state. How much more upside for the S&P 500 index and the Nasdaq 100 index?