DAX 30 Outlook: Looking for New Trend as Economic Recovery Stabilizes
European stocks continue their pullback as inflation expectations weaken on hawkish Fed projections
British Pound (GBP/USD) Breaks Supportive Trendline Ahead of Bank of England (BoE) Meeting
GBP/USD has broken below a multi-month supportive trendline, hitting a two-month low.
Crude Oil Prices Rise as Iran Nuclear Talks Yield No Progress
WTI crude oil prices extended higher as nuclear talks between world powers and Iran yielded little progress. Prices are also buoyed by demand optimism and tight supply conditions.
Gold Prices Vulnerable to Further Losses as Tapering Fears Intensify
Gold prices paused a six-day decline and stabilized near $1,770 – a chart support level. The US Dollar retreated slightly. Concerns surrounding the Fed tapering stimulus may weigh on the…
NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Mar 29 when NZD/USD traded near 0.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP
The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All…
Dow Jones, Nikkei 225, ASX 200 Outlook: Tapering Fears Hurt Sentiment
Wall Street stocks pulled back broadly on Friday after St. Louis Fed President James Bullard hinted that an initial interest rate hike may take place as soon as in late-2022.…
Australian Dollar Forecast: Retail Sales Data May Interrupt Post-FOMC AUD Drop
The Australian Dollar is coming off its worst weekly performance against the US Dollar since September 2020 following a hawkish Fed signal. Will strong retail sales data stop the drop?
Weekly Fundamental Gold Price Forecast: The Tides Have Turned
Tough sledding ahead for gold prices.
Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs
Markets were roiled by a wave of volatility following the Fed last week. The Dow Jones and gold prices plunged while the US Dollar surged. What's in store for GBP/USD…