The US Dollar set a fresh seven-month-low this week while testing a key spot of support at the 50% mark of the two-year-trend.
Schlagwort-Archiv: Market
S&P 500 and Nasdaq 100 Fundamental Forecasts for the Week Ahead
US equity markets have been on the back foot for most of the week as the US earnings season gets into full flow.
Dollar Pushes 7-Month Lows but Dive in Rate Forecast Cooling, VIX Connection Important
The broader measure of the US Dollar – the DXY Index – dropped its lowest level since early June this past week. The reversal seems productive with the 2022 run up providing plenty of premium to burn, but the fundamental backing to this move is less reliable than bears may appreciate.
Euro Fundamental Forecast – EUR/USD May Struggle in the Short-Term
The recent sell-off in the US dollar can be clearly seen in a born-again EUR/USD which continues to probe higher. Sterner tests for bulls lie ahead.
S&P 500, Nasdaq, Dow Jones Technical Forecast for the Week Ahead
Stocks put in a strong bullish response after CPI data and the S&P 500 is threatening breakout from the 2022 bearish trendline that held the highs for most of last year.
British Pound Fundamental Forecast: GBP/USD Turns to UK CPI After US Inflation
The British Pound pushed higher against the US Dollar this past week as softening US inflation data boosted less hawkish Federal Reserve policy bets. GBP/USD turns to UK CPI next.
Gold, Silver Price Forecast: Gold Breakout, Silver Resistance Test
Gold put in a massive move of strength this week, but Silver is struggling with the same spot of resistance that’s held the highs for a month now.
Australian Dollar Outlook: Punching Higher on Soft US Dollar
The Australian Dollar jumped higher on renewed optimism around China’s re-opening and the US Dollar taking a pounding the market discounts the Fed’s words. Will AUD/USD go higher?
US Stocks Forecast: S&P 500 Pauses as Big Banks Stash Cash for a Bumpy 2023
Major US bank earnings prove largely resilient, but warnings of possible credit pressures send the S&P 500 lower on Friday as banks bolster cash reserves
Euro 6-Week Winning Streak Ends, Will Softer US CPI Rekindle EUR/USD?
The Euro’s 6-week winning streak came to an end. But, disappointing US hourly earnings and ISM services data sets a sour tone for key CPI data next. EUR/USD may rise.