The US Dollar posed a bullish breakout from the three-week range but aggressively snapped back after a disappointing PMI release, highlighting growing impact from the Fed’s rate hike strategy.
Schlagwort-Archiv: Market
GBP Fundamental Forecast: Festive Cheer Ends and UK PM Seeks End to Strikes
Sterling remains vulnerable as companies issue trading warning for 2023. Trade unions continue with strikes and government plans to cut energy relief for corporates
S&P 500, FTSE 100, Hang Seng Outlook Different Levels of Delirium
Depending on what benchmark ‘risk’ asset you refer to you, it could seem that the fundamental outlook for the global markets was encouraging – borderline exceptional. The reality is higher rates, probable recession and other issues that follow. So what to make of the S&P 500’s hold, FTSE 100’s proximity to records and Hang Seng’s surge?
Euro Weekly Forecast: Cold Weather Spurs Gas Prices Ahead of ECB Meeting
Colder weather tests Europe’s resolve as gas storage gets drawn lower, lifting EU gas prices. ECB and other major central bank’s decide on final rate hikes of 2022
XAU/USD Price Forecast: Gold Prices Dimmed by Silver’s Shine
Gold prices ended the week flat as bulls struggled to gain momentum above 1800. With silver extending recent gains, psychological resistance remains intact.
Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY Setups
The Japanese Yen has held firm against major counterparts as the safe-haven currency stabilizes around technical levels. USD/JPY, EUR/JPY, GBP/JPY price action.
Gold & Silver Technical Forecast: Both Buoyed by Weak Dollar, Silver Surges
Gold and silver have both benefitted from a weaker dollar but silver is the standout of the two metals. Gold consolidating at stern resistance, silver continues higher
New Zealand Dollar Forecast: RBNZ Weighs Inflation vs Global Headwinds
Next week the RBNZ decides to hike by 50 or 75 bps where forward guidance remains key. Stubborn inflation and a worsening global outlook complicates the decision
FTX Goes Bankrupt With No Hope For A Bailout
In a bankruptcy that is being compared to the sudden collapse of Lehman Brothers in the 2008 crash, FTX, one of the largest global cryptocurrency exchanges, has fallen dramatically, losing billions and declaring bankruptcy over the course of a few days.
An ETF Poised for Growth No Matter What Happens to the Economy
There is one area, though, where growth seems inevitable and yet there is no obvious technological threat to growth: Internet security.