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Canadian dollar analysis: BOC surprises with a hike, USD/CAD falls to trendline support
USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase
EUR/USD forecast: Some stability
While German data has softened, ECB’s hawkish rhetoric hasn’t and Fed’s rate hike probabilities have fallen, which has increased the dollar’s correction potential and improved the EUR/USD forecast.
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Euro analysis: EUR/USD drops below 1.07 again as last week’s bounce sputters
After the better-than-anticipated growth early in Q1, the signs are piling up that the Eurozone economy is sputtering in Q2
AUD/USD spikes higher as the RBA deliver a 25bp hike
The RBA decided to pull the trigger once more, and hiked their cash rate by another 25bp to a 13-year high of 4.1%.
AUD/USD, ASX 200 analysis: AUD perks up ahead of RBA cash rate decision
Soft US economic data all but cements a Fed pause at their next meeting, helping to support AUD/USD ahead of today's RBA meeting (which has the potential to be live).
British pound analysis: GBP/USD holds support in the mid-1.23s
GBP/USD remains above its rising 50- and 100-day EMAs potentially setting the stage for a continuation higher from here
USD/CAD outlook: Currency pair of the week
Upcoming policy decisions from the BOC this week and Fed next, as well as key data releases should impact the USD/CAD outlook meaningfully...
EUR/USD Analysis: Commitment of traders report (COT) 5th June 2023
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.
AUD/USD Analysis: Are the RBA on track for another hike?
A hot inflation report and hefty wage increase for minimum-wage earners has seen a rise in bets the RBA could hike at tomorrow’s meeting.
WTI, ASX 200, AUDJPY analysis: Oil prices gap higher on Saudi cuts
Oil prices gapped higher at the Asian open following the weekend's news that Saudi Arabia are to cut oil production by 10% from July, whilst improved appetite for risk helped the ASX 200 and AUD/JPY rally on Friday.
EUR/USD, AUD/USD and USD/CAD forecast – Forex Friday
In this week’s edition, we discuss the EUR/USD, AUD/USD and USD/CAD forecast and look forward to the macro events in the week ahead.
AUD/USD, ASX 200 Analysis: Are the swing lows in for AUD/USD and the ASX?
A weaker USD has allowed the AUD/USD to recoup recent losses, whilst reduced bets of a Fed hike and a debt-ceiling deal with the Senate could be supportive of the ASX 200.
USD/CAD outlook: US dollar drops as June hike bets trimmed
The sell-off has been trigged by broad US dollar weakness ahead of the US nonfarm jobs report on Friday. Consequently, the USD/CAD outlook has turned bearish, at least in the short-term anyway.
US dollar analysis: Will a strong NFP report force the Fed to hike?
The next major hurdle for the US dollar and the economy will be Friday’s NFP reading, which is expected to show nearly 200K net new jobs and wages to rise at 0.3% m/m
EUR/USD analysis: Cooler inflation fails to shift ECB hike bets
Investors’ focus now turns back to US data as speculation over whether the Fed will hike in June continues. Watch out for fresh EUR/USD analysis from the team as the data could shift Fed bets again.
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Gold, ASX 200 Analysis: Morning Brief - 1st June 2023
Gold had an underwhelming finish to the month of May to say the least, closing at the low of the month. Yet gold continues to show signs that its hopes are perking up.
EUR/USD, Gold analysis: European open – 31st May 2023
Weak China PMI data has weighed on sentiment ahead of today's European open, helping to support gold ahead of the vote on the debt-ceiling bill in the House of Republicans.
Euro analysis: Is EUR/USD breaking out after the debt ceiling deal?
EUR/USD's bullish move off support suggests we may finally be breaking out of May's big falling wedge pattern...
EUR/USD, DAX Analysis: European Open – 30th May 2023
EUR/USD is considering a break of 1.0700, and a potential bearish pattern suggests a target around 1.0600. But the longer 1.0700 holds as support, the greater the odds of a rebound.
USD/JPY pulls back from 6 months highs ahead of a busy data week
USD/JPY has pulled back to 140 - a level currently being defended in today's Asian session. But with a plethora of economic data from the US and Japan this week, we could close either side of it (and by quite some distance).