Gold Weekly Forecast: XAU/USD Nears February Highs, Inflation in Focus
Gold is carrying short-term bullish momentum into the coming week, with potential for a move up toward the 2024 highs in the $2060 area.
Japanese Yen Intervention Watch: USD/JPY, EUR/JPY, GBP/JPY Technical Analysis
USD/JPY is consolidating while EUR/JPY and GBP/JPY remain in healthy uptrends.
NVDA Earnings Preview: Nasdaq 100 Vulnerable Ahead of AI Darling Nvidia’s Results
Options traders expect a +/- 11% move in response to Nvidia’s earnings report, a truly staggering move in a $1.8T stock. See what we're watching!
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NZD/USD: Respect the range until the Kiwi doesn’t
Some FX pairs like to gravitate towards big figures but not the NZD/USD. It’s clearly a fan of doing things in half big figure increment, proving plenty of opportunities to build trades around.
EUR/USD Forecast: Can PMIs Break the Bearish Trend?
For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!
S&P 500, Nasdaq 100, DJIA Forecast: Cracks in the Index Uptrends?
The S&P 500 and Nasdaq 100 remain in healthy uptrends for now but the DJIA is showing some cracks and is the key index to watch for signs of weakness from here.
GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI
GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected UK CPI report - see what it means (and doesn't mean) for the BOE!
US CPI Preview: USD/JPY Tests 2024 Highs, Tame Inflation Expected
US CPI may be quiet this month, but the recent surge in the “Prices” component of the ISM PMI surveys hints that inflation could reaccelerate this Spring.
S&P 500, Nasdaq 100, DJIA Forecast: MSFT, NVDA, and TSLA Power Indices to Record Highs
The DJIA is the index to watch for a possible breakdown if stocks stall out this week... but bears shouldn't be holding their breath. See why!
British Pound Forecast: GBP/USD Finally Breaks Down – Where Next?
GBP/USD is finally breaking out of its 7-week, 200-pip range between 1.2600 and 1.2800 on continued strength in the US dollar - see the key levels to watch next!
Euro Forecast: EUR/USD Downtrend to Extend to New 2024 Lows?
EUR/USD’s path of least resistance remains to the downside, with potential for the selling to accelerate toward 1.0700 depending on economic data...
AUD/USD rebound provides opportunity for bears to reset shorts
A rebound in US equities sparked by renewed earnings optimism and continued declines in US bond yields acted to snuff out a potential downside break in AUD/USD, sending the pair sharply higher over the course of North American trade.
S&P 500 Forecast: SPX Has Risen 12 of the Last 13 Weeks – What’s Next?
The S&P 500's average returns after past such streaks have been strong in the short-term, but more mixed over the next 6-12 months, with lower than average volatility. See the numbers and current technical analysis!
AUD/JPY looking heavy on the charts as risk rolls over
AUD/JPY offers decent risk-reward for traders considering longs or shorts right now, sitting on uptrend support with ample room to move in either direction depending on how the price interacts with this level in the near-term.
Gold Forecast: Why “Inflation Hedge” Gold is Falling, Despite Hot US CPI
The dollar’s strength and opportunity cost of holding gold are outweighing its inflation hedge credentials
AUD/USD Forecast: Why Copper’s Weakness Could Drag Aussie Down
AUD/USD could be vulnerable to more selling pressure amidst soft inflation data and ongoing weakness in Copper prices
US CPI Forecast: USD/JPY Consolidates Just Below 145.00 Resistance Ahead of Inflation
Interestingly, the year-over-year reading on US CPI is expected to rise for only the third time since mid-2022, but the increase is expected primarily due to so-called “base effects"...
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Bitcoin Forecast: BTC/USD Tests 47K Ahead of Likely Bitcoin ETF Approval
Traders are clearly “buying the rumor” when it comes to a Bitcoin ETF approval this week; the key question is whether they’ll “sell the news” once the ETFs are formally approved.
EUR/USD Forecast: US Dollar Falls on Fading Inflation Expectations
Given the quiet economic calendar, EUR/USD may consolidate with a slight bullish bias over the next couple of days ahead US CPI and PPI.
NFP Preview: USD/CAD Bounce Nears 1.3385 Resistance Ahead of Jobs Reports
The leading indicators point to a stronger-than-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 175K-225K range
Japanese Yen Analysis: USD/JPY Repatriation Flows vs. Bullish Technicals
As Japanese markets reopen, insurance repatriation flows could well boost the yen (weigh on USD/JPY) over the next week or two.
S&P 500 Analysis: What Happens After 9-Week SPX Winning Streaks?
Past 9-week winning streaks have historically led to above-average returns over the next 1 and 3 months, though the track record is about average over the next year.
Indices 2024 Technical Outlook Preview
The banking crisis that showed up in March served as a boost for the risk trade, and then Chair Powell’s appearance at November and December FOMC rate decisions helped to reinvigorate buyers in late-year price action