S&P 500 and Nasdaq 100 Price Setup as Major Oil Producers Cut Output
The S&P 500 and the Nasdaq 100 index appear to be flexing muscles amid growing hopes that the Fed could soon pause its hiking campaign. But will the rise sustain…
Gold Price Dips as US Dollar Firms While Crude Oil Soars. Where to for XAU/USD?
The gold price slipped today with the US Dollar tracking higher along with Treasury yields due to inflation fears reigniting after OPEC+ cut oil production targets. Lower XAU/USD?
US dollar Price Setup This Week: EUR/USD, GBP/USD, USD/JPY
Key focus on global manufacturing activity data (including US ISM manufacturing due today) and US payroll data due Friday. What is the outlook on EUR/USD, GBP/USD, and USD/JPY?
Crude Oil Price Gaps Higher on OPEC+ Output Cut Compounding Supply Issues. Higher WTI?
Crude oil prices leapt higher to start the week after an unorthodox announcement from OPEC+ to cut output, stoking concerns of a surge in inflation. Will WTI hold the gains?
Natural Gas Price Outlook: Fading Momentum at Support Has Resistance in Focus
In a further sign of fading downside momentum, natural gas prices reversed losses initially accumulated last week. Is the heating commodity readying for a turn higher this week?
Markets Q2 Outlook: US Dollar, Gold, Oil, Dow, Euro, Yen, Sterling, AUD, BTC
The collapse of Silicon Valley Bank has so far seen markets squarely focus on the upside of dovish central banks as the first quarter ended. Will markets continue having it…
US Dollar Q2 Technical Forecast: Sellers Take Hold of Steering Wheel
The U.S. dollar heads into the second quarter with a negative bias, challenging a key technical support and at risk of a significant breakdown that could put the February lows…
WTI Technical Forecast: Long-Term Downtrend Remains but Signs of Fatigue Appear
Q1 unfolded with price action oscillating between key levels. Q2 shows potential for a continuation of the long-term downtrend but signs of fatigue are showing
Euro Q2 Fundamental Forecast: Recovery May Continue but Upside Will Be Limited
EUR/USD has the potential to keep strengthening during the second quarter of 2023, but its upside will be limited considering the current macro and financial backdrop.
Japanese Yen Q2 Technical Forecast: Yen Looks Set for Gains in Q2
The Yen has displayed resilience in the final month of Q1 as recent price action hints at Yen strength in the months ahead.