S&P 500, Nasdaq Outlook: US Stocks Embrace Potential ‘Soft Landing’
US equities are set to rise in July as the Fed nears peak rates. Better-than-expected US data reignites hopes of a soft landing ahead of Apple and Amazon Q2 earnings
FTSE 100, Dax and Dow Look for Further Gains
Indices enjoyed a strong few days last week, with both the Dax and Dow reaching new highs for the year, while the FTSE 100 closed in on 7700 once more.
USD/ZAR Price Forecast: Rand Softer on Chinese PMI & SA Balance of Trade
The ZAR has given up some of Friday’s gains as concerns around the Chinese economy gained traction while South Africa’s balance of trade data disappointed.
Euro Area Growth Ticks Higher; EUR/USD Holds Above 1.1000
In the second quarter of 2023, seasonally adjusted GDP increased by 0.3%, according to a preliminary flash estimate published by Eurostat.
GBP Price Forecast: Pound Readies for BoE
GBP has been on the backfoot of recent against both the EUR and USD but with a likely hike from the BoE this week, the pound may find its footing…
Japanese Yen After YCC Tweak; Has the Trend Changed in USD/JPY, AUD/JPY, EUR/JPY?
The Japanese yen reversed its gains sharply toward the end of last week as the market digested BOJ’s yield curve control tweak. Has the trend changed in USD/JPY, AUD/JPY, and…
US Dollar Gains as Yields in JGB and Treasury Markets Rise. Where to for USD?
The US Dollar grabbed the higher ground again today with Treasury yields joining JGBs at a higher level. A firm China PMI read also helped growth-aligned assets in the region.…
All eyes on China with subdued PMI and more stimulus measures: US dollar, Hang Seng Tech Index, AUD/USD
China’s still-weak PMI read may justify recent efforts by authorities to lift China’s growth picture, as market participants look towards more measures to boost consumption later today.
Australian Dollar Blipped Up on China Data. Will AUD/USD Continue to Recover?
The Australian Dollar skipped higher immediately after China’s primary manager’s index (PMI) data outperformed estimates before retreating. The RBA lies ahead. Will they hike or not?
Euro Starts off New Week at Key Support, Will EUR/USD Turn Higher Next?
The Euro weakened against the US Dollar last week. Still, EUR/USD was unable to clear key rising support as downside momentum faded. What are key levels to watch as the…