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US dollar weakness might be short lived: The Week Ahead
The US dollar shows the potential to retrace some of the week's losses in light of hawkish Fed comments. Although attention now shifts to the US PCE inflation report, Australian CPI and RBNZ interest rate decision and press conference.
The Week Ahead: S&P 500 Uptrend May Come Down to NVDA Earnings
Nvidia’s earnings will be a key hurdle to determine whether the S&P 500 uptrend can continue. See what else we'll be watching!
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Can US inflation data make or break the US dollar? The Week Ahead
Whist the daily charts still appear favourable for another leg higher on the US dollar, the weekly charts and market positioning suggest some dark clouds may lurking above. And incoming CPI or inflation expectations data could make or break the dollar, if they lean enough in either direction.
The USD dollar could take its cue from Powell’s 60-minute interview: The Week Ahead
60-minutes announced a pre-recorded interview with Jerome Powell will be aired at 19:00 on Sunday, which took place after the latest FOMC decision. And it can shape the tone for the US dollar, and therefore global markets, next week.
Nasdaq reaches new record high, a week ahead of FOMC: The Week Ahead
Love it or loathe it, the rally on US indices has been impressive. Traders seem to be focussed on lower yields, slightly reduced bets of multiple Fed cuts and any other morsel of what can be repackaged as ‘good news’. But can it withstand incoming GDP figures, a PCE inflation report and an FOMC meeting without a wobble?
USD dollar on track for first 3-week rally in 6 months: The Week Ahead
The US dollar is on track for its best three-week run in six months. Whilst the dollar index shows to the potential to pause for breath, a strong set of flash PMI and GDP figures next week could see the USD extend its dominance.
Can the US dollar break out of its range? The Week Ahead
At the time of writing, the US dollar has printed its smallest weekly range since September 2021 at just 69 points. And that is quite remarkable when you consider it has landed on a US inflation report week. Yet daily seasonal data has reveal January 15th to have delivered the strongest average returns and win rate for the month. And that date so happens to be this coming Monday.
The Week Ahead: Has the US Dollar Index Trend Turned?
The US Dollar Index's failed breakout and sharp bearish reversal suggests that a near-term top may be in and the path of least resistance will be to the downside in the coming week.
USD/JPY in focus for BOJ meeting and US inflation report: The Week Ahead
We're intrigued to see if US indices can continue to defy gravity and follow their seasonal tendency to post strong gains in the second half of December. But given the strength of the rally leading into their highs, bulls may want to be cautious of this Santa's rally. The two key events next week are the BOJ meeting and US PCE inflation report, which puts USD/JPY firmly in the sights of currency traders.
US CPI, FOMC, BOE, ECB and SNB on tap: The Week Ahead
Four major central banks meeting next week including the FOMC, ECB, BOE and SNB. While no changes are expected, traders want to know who may be the first to cut rates.
Nonfarm payroll, ISM, BOC and RBA on tap: The Week Ahead – Dec 1, 2023
With traders more than happy to price in Fed cuts for 2024 where possible, they will be looking for further signs that the US economy is slowing but at a rate that does not scream recession. And this places US ISM services and the nonfarm payroll report into the limelight next week. China’s trade data and inflation figures may reveal whether Beijing need to step up support for the economy yet again. And whilst the RBA and BOC are expected to hold the cash rate steady at their monetary policy meetings, their statements may indicate how much of an appetite there is for further hikes in Q1.
Crude oil steadies ahead of OPEC, US inflation in focus: The Week Ahead
Thanksgiving in the US has made for a very quiet second half to the week for traders, but with a key US inflation report and an OPEC meeting on tap then volatility is expected to return next week. Also note that Australia releases inflation figures which could be the deciding factor as to whether the RBA hold or hike at their final meeting of the year.
Bond auctions could trump data next week: The Week Ahead
In what seems like a while, the US economic calendar is relatively quiet with no top tier events. But US bond auctions should be on trader’s radars as they provide a look at how strong demand is (or not) for the ultimate US safe-haven asset. And if demand is low, it could send yields higher and shake a few equity bulls out of the tree and generally weigh on risk sentiment. We also have the RBA minutes and a potentially ‘live’ speech for the governor to keep tabs on.
S&P 500 hints at swing high following Powell’s hawkish speech: The Week Ahead
Hawkish comments from Jerome Powell with the threat of further hikes snapped Wall Street’s 8-day wining streak, and hints at a swing high on the S&P 500 heading into the weekend. And that puts traders on high alert for next week’s inflation report, not to mention the threat of a government shutdown if the debt ceiling is not raised by Friday.