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Japanese Yen Week Ahead as Fed Skip Bets Grow: USD/JPY, EUR/JPY, AUD/JPY

Posted by By 05/06/2023Posted inForex
The Japanese yen’s slide appears to be losing steam as US Federal Reserve rate hike expectations take a ‘U’-turn after dovish remarks from central bank officials. What is the outlook…
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Crude Oil Price Jumps Again after OPEC+ Announced Production Cuts. Higher WTI?

Posted by By 05/06/2023Posted inForex
Crude oil prices made solid gains to start the week on the back of OPEC+ reduced output targets with Saudi Arabia making the largest sacrifice in an effort to boost…
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Asia Day Ahead: US debt ceiling resolution brings focus back to Fed’s rate outlook

Posted by By 05/06/2023Posted inForex
With the US debt default crisis averted which has been largely priced by markets previously, central focus this week could be shifted back to the US Fed rate outlook.
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Markets Week Ahead: S&P 500, Gold, US Dollar; US ISM, Euro Area Retail Sales, RBA, Japan Econ Watchers, China Inflation

Posted by By 04/06/2023Posted inForex
After some key activity data and the passage of the debt ceiling bill last week, markets could be in for a relatively quieter week on the data front. With the…
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OPEC+ Preview: Crude Oil Prices Linger Ahead of Production Guidance

Posted by By 04/06/2023Posted inForex
Brent crude oil prices look for directional bias from the upcoming OPEC+ meeting with the cartel grappling with many moving parts.
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Gold Price Forecast: Dreams of Fresh Record Shattered for Now as Bears Pounce

Posted by By 03/06/2023Posted inForex
The outlook for gold is starting to become more bearish from a fundamental standpoint, as the resilience of the U.S. economy could induce the Federal Reserve to continue raising rates…
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Euro Weekly Forecast: EUR/USD Ends Week with a Whimper but a Recovery Remains in Play

Posted by By 03/06/2023Posted inForex
A rather disappointing week on the whole as EURUSD in particular struggles for direction while the Euro lost further ground to both the GBP and JPY. Given the lack of…
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British Pound Week Ahead: GBP/USD, EUR/GBP and GBP/JPY Outlooks

Posted by By 02/06/2023Posted inForex
The British Pound has enjoyed a strong week against a range of currencies, propped up by expectations that UK interest rates are going to have to go even higher.
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since May 23, 2023 19:00 GMT when Wall Street traded near 33,096.00.

Posted by By 02/06/2023Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
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Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts Yields

Posted by By 02/06/2023Posted inForex
Gold prices fell on Friday, weighed by rising U.S. Treasury yields as strong U.S. labor market data bolstered the case for higher-for-longer interest rates.
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