NFP Preview: EUR/USD Tests Support as Traders Price in Q1 Fed Cuts
Traders and economists expect the NFP report to show that the US created 185K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate remaining unchanged at 3.9%.
USD/JPY Analysis: Moment of Truth for the Yen’s 2023 Trend
USD/JPY bulls are defending support in the 147.00 area, but the pair is vulnerable to a big breakdown from here...
British Pound Short-Term Outlook: GBP/USD Bulls Halted at Resistance
The British Pound bulls halted at resistance last week with the December opening-range now taking shape. Battle-lines drawn on the GBP/USD short-term technical charts.
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Gold Analysis: Gold Reverses off Record Highs, Will We See 2K Next?
After reversing from record highs, could Gold be vulnerable to a deeper pullback?
British Pound Analysis: Will GBP/USD’s Imminent Golden Cross Take it Above 1.2725?
GBP/USD is soaring on expectations of aggressive Fed rate cuts in 2024, despite Fed Chairman Powell’s protestations...
US Index Technical Analysis: Dow, S&P 500, and Nasdaq 100 Reverse off Multi-Month Highs
“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”
Crude Oil Analysis: WTI, Brent Bounce, OPEC+ Uncertainty Remains
The tail risks of a failure for OPEC+ to reach an agreement is on the rise, presenting an underappreciated potential for even more volatility in the crude oil market...
Nasdaq 100 Analysis: NDX holds at YTD highs ahead of Nvidia Earnings
The Nasdaq 100 is at year-to-date highs and Nvidia is at record highs ahead of earnings this afternoon...
Crude Oil Analysis: WTI, Brent Gain Ground Ahead of OPEC+
Both WTI and Brent crude oil could rally further from here after breaking out of their bearish channels...
US Index Analysis: DJIA, S&P 500, and Nasdaq 100 All Test Key Resistance
The Dow, S&P 500 and Nasdaq 100 are all testing key resistance levels and could pull back over the next couple days...
S&P 500 Analysis: Studying the Struggling VIX Streak and Stocks
Previous 8-day declining streaks in the VIX have been bullish for the S&P 500, but patience is warranted.
Crude Oil Analysis: WTI and Brent Dump to Multi-Month Lows
The bullish supply-demand picture from the third quarter has reversed, driving crude oil prices sharply lower so far this week
British Pound Analysis: GBP/USD Coils Ahead of BOE “Super Thursday”
With no change to BOE interest rates expected, GBP/USD traders will key in on the BOE’s vote split and economic forecasts.
Nasdaq 100 forecast: How will Apple earnings impact AAPL stock?
All eyes are on the popularity of the new iPhone 15, especially in China.
Canadian Dollar Analysis: USD/CAD Tests 1-Year Highs After Strong US GDP
USD/CAD has rallied each of the first four days so far this week to trade above 1.3800, essentially the pair’s highest level since last October...
Nasdaq 100 outlook: How will Amazon earnings impact AMZN stock?
AWS is the central focus but Wall Street is hoping trends will improve across the business.
Nasdaq 100 forecast: Meta stock falls on “uncertain” 2024 outlook
Meta comfortably beat expectations in the latest quarter, but investors are worried about the outlook for 2024.
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Bitcoin Analysis: BTC/USD Bursts Higher on ETF Expectations
A “physical” Bitcoin ETF would (will?) buy and hold Bitcoin equal to its assets under management, altering the fundamental supply and demand balance in the market.
Nasdaq 100 forecast: How will Meta Q3 earnings impact Meta stock?
Meta’s core social media business will need to impress if it wants to alleviate pressure on its experimental and costly new projects.
Nasdaq 100 forecast: Microsoft impresses as Alphabet disappoints
Microsoft has reinforced confidence that it has an early lead in AI, while Alphabet has sparked fears it could be falling behind.
Nasdaq 100 forecast: How will Microsoft Q1 earnings impact MSFT stock?
Can Microsoft retain its premium valuation this earnings season?
S&P 500: Key moment for US stocks as tech earnings, PCE inflation, technical setup collide
Having fallen through channel support and its 200-day MA, and with four members of the ‘Magnificent 7’ due to report third quarter earnings over the next few days, you get the sense this week could really set the tone for how the S&P 500 will close out 2023.
FTSE 100, DAX Analysis: European Indices Limp to a Losing Week
The FTSE and DAX both fell after relatively weak economic data drove fears of a recession, while the ongoing conflict between Israel and Hamas hurt risk appetite across the board...