Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hikes. Where to for XAU/USD?
The gold price remains buoyant ahead of US CPI tomorrow as the market ponders the rate path of the Federal Reserve that has seen real yields slide. Where to for…
Hang Seng Index Technical Outlook: Upward Momentum Intact
The upward momentum continues to be intact in the Hang Seng Index (HSI) as it approaches a crucial resistance area that could define the price action in the coming weeks.…
Australian Dollar Bumps Up on Data Amid Global Macro Tailwinds. Higher AUD/USD?
The Australian Dollar initially sailed north after CPI and retail sales data aided the rising tide toward risk assets seen so far this week. Where to for AUD/USD?
US Dollar Support Breakout Remains Lackluster After Powell Speech, Focus on CPI
The US Dollar’s support breakout remains lackluster after Fed Chair Jerome Powell’s speech offered little information on monetary policy, leaving markets focused on CPI data later this week.
Dollar, S&P 500 and VIX Caught in the Anticipation of Thursday’s CPI?
The forces of anticipation are once again overpowering the influence of aimless thematic pressures. It isn’t that interest rate speculation and recession discounting aren’t important to the market. Rather there…
S&P 500, Nasdaq, Dow Jones Forecast: Support Bounces in-Play
Stocks put in a reversal mid-day in yesterday session but were able to grasp on to key supports today. The next major driver is CPI on Thursday.
AUDUSD and NZDUSD Outlook from the Charts and Fundamental Perspective
US fundamental themes and the Dollar continue to exert an exaggerated influence on the major FX market. However, with growing speculation of the Fed’s rate potential slipping; can two of…
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has run into a major spot of support and EUR/USD has just set a fresh seven-month-high.
German Dax Faces Technical Headwinds as Critical Resistance Firms
Global equities have steadied after a strong rally, buoyed by USD weakness. With Dax futures falling from the recent high of 14894, bullish momentum has subsided prices lower.
S&P 500 Price Outlook: Banks Kick off Q4 Earnings, Index Remains Vulnerable
Banks are expected to issue profit warnings for 2023 ahead of their Q4 earnings reports later this week. S&P 500 fails to follow through on bullish momentum