Crude Oil Forecast: CFTC Data Points to Supportive Environment for Brent
Despite USD strength, Brent crude oil is trading higher this Monday on positive trader positioning and OPEC+ output remnants.
British Pound Latest: GBP/USD Rallies as BoE Boosts Gilt Market Liquidity
The Bank of England (BoE) ramped up its gilt market liquidity program today giving a tepid Sterling an early morning boost.
Japanese Yen Nears Record Low as US Dollar Soars on Higher Treasury Yields
The Japanese Yen drifted lower again today after the US Dollar re-asserts its ascendency on strong economic data and a hawkish Federal Reserve. New highs for USD/JPY?
Hang Seng Index and Shanghai Composite Index Technical Outlook: Bearish
The Hang Seng Index hit a new 11-year low last week. Trading resumes in the Shanghai Composite Index after a week-long holiday. What is the outlook and what are the…
Gold Price Slips on Higher Treasury Yields Boosting the US Dollar Ahead of US CPI
Gold has braced itself in Asia today after sliding on Friday with solid US jobs data handing the Fed more ammunition to keep rates higher for longer. Where to for…
US Dollar Technical Outlook for the Week Ahead: USD/SGD, USD/THB, USD/PHP, USD/IDR
The US Dollar traded mostly flat against ASEAN currencies this past week. What is the technical road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR?
AUD/USD Eyes Consumer Confidence Data Ahead of US CPI
The risk-sensitive Australian Dollar fell last week amid a broader risk-off move, with sentiment deteriorating on Friday after a largely in-line US jobs report crossed the wire. Westpac consumer confidence…
Markets Week Ahead: Nasdaq 100, S&P 500, Gold Prices, US Dollar, US CPI, Earnings Season
The Nasdaq 100 and S&P 500 trimmed most gains last week after another solid US jobs report. The US Dollar and gold prices now face the next American inflation report.…
S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff
US equity indexes sold off on Friday after the US jobs report solidified the chances for a 75-basis point FOMC rate hike. The market’s direction in the week ahead hinges…
Japanese Technical Forecast for the Week Ahead: USD/JPY, AUD/JPY, CAD/JPY, EUR/JPY
The Japanese Yen mostly marked time this past week. USD/JPY is being closely watched by the Bank of Japan after intervention efforts to prop up the currency. Where to for…