Gold Price Forecast: Gold Support Test – Can Bears Break it Down?
Gold prices are falling and price is currently testing a big spot of support. Can gold bears elicit another test of key support at multi-year lows?
US Dollar Resting Near Historical Highs as Markets Digest Fed Stance. New Peak for DXY?
The US Dollar gave up some ground today but remains at elevated levels. Crude oil prices rose on supply woes as EU energy crisis continues to play out. Will DXY make a new high?
Japanese Yen Under Pressure as USD/JPY Climbs After Jackson Hole, Will Nikkei 225 Slump?
The Japanese Yen resumed its slide against the US Dollar as traders continued bidding up USD/JPY after Friday’s Jackson Hole Economic Symposium. Will the Nikkei 225 extend its slump ahead?
Dax 40 Dives as Equity Rout Widens After Fed Chair Powell Returned to Hawkish Script
Reserve Chair recalibrated markets into a higher for longer interest rate mindset. Will the Dax go lower?
Australian Dollar at Risk as Market Sentiment Sours After Powell Comments
The risk-sensitive Australian Dollar is at risk of falling further versus the US Dollar as Asia-Pacific traders digest last week’s comments from Federal Reserve Chair Jerome Powell.
S&P 500 Poised Ahead of Jackson Hole Where Markets Await a Potential Powell Pivot
The S&P 500 is at a crossroads as the markets test the Fed’s resolve to tighten financial conditions to contain price pressures. Will Fed Chair Powell’s address turn the S&P 500?
Australian Dollar Traders Higher Alongside Dow Jones Before Powell Speech
The Australian Dollar benefited from an overnight risk-on move in New York. APAC markets may trade higher as traders prepare for Jerome Powell’s speech.
Canadian Dollar Price Forecast: USD/CAD Divergence from USD/DXY Trends
The US Dollar has gained as much as 22% since last May – but USD/CAD has only gained as much as 10% – and remains in a longer-term bear flag formation.
Hang Seng Index Bolts Higher Despite Storms as China Ignites Stimulus Plans. Where to for HSI?
The Hang Seng Index (HIS) put on a surprise rally today after a typhoon interrupted programming while the US Dollar slid ahead of today’s Jackson Hole symposium.
NZD/USD Unfazed After Kiwi Retail Sales Ahead of Jackson Hole
Markets are quiet ahead of Jackson Hole, with US stocks seeing small gains overnight. NZD/USD was uninspired by second-quarter retail sales data for the island nation.