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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, US CPI

Posted by By 12/02/2023Posted inForex
The Dow Jones, Nasdaq 100 and US Dollar face a hotly anticipated US inflation report. Will volatility continue rising? Elsewhere, the Australian Dollar eyes local employment figures.
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US Dollar Forecast: Inflation Data to Set Tone for Bond Yields, Fed Path

Posted by By 12/02/2023Posted inForex
The U.S. dollar could extend its recovery in the coming week if January U.S. inflation data surprises to the upside and prompt traders to reprice higher the path of Fed…
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S&P 500, NDX Weekly Price Forecast: Higher Yields Weigh on Stocks Ahead of US CPI

Posted by By 10/02/2023Posted inForex
The S&P 500 index and NASDAQ 100 head into the week on the backfoot with singular focus on the U.S. CPI report.
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USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Feb 03, 2023 13:00 GMT when USD/CAD traded near 1.34.

Posted by By 10/02/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
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S&P 500 Perks Up as Consumer Sentiment Extends Gains, But Risks Remain Elevated

Posted by By 10/02/2023Posted inForex
U.S. consumer sentiment extends its recovery in February, rising for the fourth consecutive month and reaching its best level since January 2022, a sign that a hard landing may be…
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Dax Prices Beaten Down by Technical Headwinds

Posted by By 10/02/2023Posted inForex
The German Dax has fallen below 15400, down by 1.64% for the day. With prices dropping below 15500, the CCI has fallen from overbought territory.
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US Dollar Price Forecast: DXY Nestles Beneath Dynamic Resistance

Posted by By 10/02/2023Posted inForex
DXY has consolidated after the impulsive surge on the back of massive beats in NFP jobs data and a healthy services sector of the local economy. Where to from here?
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jan 30, 2023 when EUR/GBP traded near 0.88.

Posted by By 10/02/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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Gold Price Forecast: Ominous Signs for XAU/USD

Posted by By 10/02/2023Posted inForex
XAU/USD price action reveals some bearish technical indications as markets await key U.S. economic data.
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USD/JPY Tests 130.00 as New BoJ Governor Rumors Swirl

Posted by By 10/02/2023Posted inForex
The Japanese government is said to be looking at appointing a former member of the Bank of Japan Policy Board, Kazuo Ueda, as the next head of the central bank
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