Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
The RBNZ is expected to remain aggressive. It’s a different story for the BOC and RBA.
S&P 500, Nasdaq 100 Give Back Overnight Gains as US Traders Come Back Online
Equities are posting a mixed session as traders await major event risk later this week.
August ISM Services Activity Data Beats Forecasts in Sign of Economic Resilience
U.S. services activity defies the doom-and-gloom narrative and unexpectedly rebounds in August, easing concerns that the economy is about to collapse under the weight of higher interest rates.
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
The Yen has put in another dramatic drop against the US Dollar as consolidation has broken in AUD/JPY and EUR/JPY. GBP/JPY is testing triangle resistance.
US Dollar Technical Analysis: Chart Pattern Setting Up for Strong Move
The DXY is wedging itself higher and with the pattern drawing near the decision point we should see a move begin to development at any time.
DAX 40 Trades Higher as Wall Street Returns, Recession Risks Remain
The DAX 40 moved higher in European trade as Wall Street returns, ongoing recession risks threaten gains.
Pound Forecast: GBP Buoyed by New Prime Minister Optimism
The pound is showing indications of a revival but long-term headwinds remain. Markets have taken kindly to the new PM as she gets to work on support packages
Gold Price Outlook – Support Looks Brittle as Rates Remain Elevated
Gold is back above $1,700/oz. for now but the short-term outlook for the precious metal remains weak and support may be re-tested soon.
Japanese Yen Forecast: USD/JPY Rallies to Fresh Highs as Yields Surge
USD/JPY Upside Picking Up Fresh Momentum
Crude Oil Update: OPEC+ Output Cut Signals Price Floor Intentions, Brent Unchanged for Now
Brent crude oil could be heading lower despite efforts from OPEC+ to limit supply, as a global recession will hamper demand.