News & Analysis
US Dollar, FX Majors, Rates and SPX into Q4
FX volatility woke up in a big way in Q3 and with the US Dollar holding a strong bullish trend the door is open for more in Q4.
Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00
It was a strong breakout in USD/BRL that brought in a fresh three-month high. But with prices pulling back the question now is whether higher-low support holds at a point of prior resistance.
Nasdaq, S&P 500 turn down after early rally on better inflation news
Equity markets erased early morning gains, notably the Nasdaq being unchanged by lunchtime after a 0.6% rally. Traders cheered better than expected inflation data and less weakness than expected in a consumer sentiment survey. Bond yields fell marginally. The dollar was unchanged. Oil saw continued profit-taking. Bottom-line: risk-off.
US Dollar Forecast: USD/CAD Recovers Ahead of September Low
USD/CAD bounces back ahead of the September low (1.3380) to hold above the 50-Day SMA (1.3474).
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DAX outlook: Stocks not out of the woods yet
At the time of writing, the stock markets were starting to come off their best levels. With this being the month- and quarter-end, there will be lots of repositioning today, which may mean lower stock prices later, given that we have been in a risk off market environment for much of September. In any event, volatility is here to stay.
Euro Technical Forecast: EUR/USD Snaps 2023– Q4 Levels
Euro plunged nine of the past ten-weeks with EUR/USD testing the yearly range-lows into the Q4 open. Battle lines drawn on the Euro weekly technical chart.
Earnings This Week: Tesla deliveries, Tesco and Boohoo
Wall Street is fearful that Tesla deliveries could fall short of expectations, Tesco keeps showing why it’s the leading UK grocer, and Boohoo needs to show it can still complete a major turnaround before the end of the year.
Q4 Crypto Market Outlook: Bitcoin and Ethereum Consolidation Continues
Bitcoin and Ethereum market internals show the market is poised for a new bullish cycle IF a catalyst emerges...
S&P500 Forecast: Stocks rise after PCE data
US stocks are heading higher after US core PCE, the Fed's preferred gauge for inflation cooled to 3.9% from 4.2%. Meanwhile headline PCE ticked higher showing that inflationary rises are rising modestly. US stocks have fallen across the month, booking the worst monthly performance so far this year and the first quarterly decline in 2023 amid concerns that the Fed will keep interest rates higher for longer.
Reddit Stocks: What meme stocks are trending today? – September 28, 2023
What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?
Euro to Dollar Analysis: EUR/USD could suffer from rising oil prices - Forex Friday
Despite softer Eurozone inflation and German retail sales data, the EUR/USD climbed for the second day in the first half of Friday’s session. It was supported because of firmer risk tone across financial markets, driven by a weakness in US dollar and global bond yields. But rising oil prices are among reasons that could prevent the EUR/USD from rising much further.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD rises as the UK economy grew fast than expected in 2022, US inflation data is up next. EUR/USD rises ahead of inflation data.
Can US PMI surveys and employment reports sway bonds? The Week Ahead
Last week we noted that bond yields could trump economic data this week, and for the most part they did. We can also extend that comment into next week, especially if they continue to retreat and loosen their grip on bearish sentiment and allow risk assets to rebound. Highlights in next week’s calendar include the NFP and ISM PMI reports, RBA and RBNZ monetary policy meetings, the quarterly Tankan survey for Japan and Canada’s employment report.
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