AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?
Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.
Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify
Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?
USD/JPY Setup Ahead of the Final Bank of Japan Meeting for 2023
Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up
Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback
German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.
FTSE 100, Dax 40 and S&P 500 Flatline
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of German Ifo business climate
British Pound (GBP) Latest: GBP/USD on Hold Ahead of Inflation Report
Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.
Market Week Ahead: Gold Regains $2k, GBP/USD, EUR/USD Rally as USD Slides
Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.
US Dollar in Peril with Core PCE on Deck, Setups on EUR/USD, GBP/USD, USD/JPY
The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback’s recent decline, but strong numbers could trigger a bullish reversal.
Gold Price Forecast: Fed Pivot Reversal or Damage Control? Key Levels for XAU/USD
Gold’s bullish momentum fades as New York Fed President John Williams contradicts Chairman Powell’s comments at the December FOMC meeting, but this may be more about damage control rather than a strategy shift.
Euro (EUR) Latest: EUR/USD Drifts After Weak PMI Data Release
The latest HCOB flash PMIs confirm that the Euro Area economy is struggling and any continuation of this trend will bring talk of sooner-rather-than-later ECB rate cuts back into focus