Japanese Yen Weekly Forecast: Bullish Triangle or Double Top for USD/JPY?
The Japanese yen is at an important crossroads against the US dollar ahead of the release of key Japan inflation data. Which way is USD/JPY headed?
British Pound Price Setup: GBP/USD Rally Due for a Minor Pause?
A negative divergence on the daily charts suggests the British pound’s rally against the US dollar is losing steam in the short term, pointing to the possibility of a consolidation/minor retreat ahead of key UK data due this week.
Natural Gas Price Week Ahead: Bearish Rectangle Brews, Will a Breakout Unfold?
Natural gas prices continue stabilizing around the February low. Meanwhile, a Bearish Rectangle is brewing on the 4-hour timeframe. Will a breakout unfold in the week ahead?
S&P 500 Week Ahead Forecast: Bullish Momentum Fades as Bears Flirt with Comeback
The S&P 500 and Nasdaq 100 rose slightly during the week, but upward momentum waned as interest rate expectations have begun to drift higher from their level of a few weeks ago.
Australian Dollar Outlook: Bonds and CPI Might Drive the RBA
The Australian Dollar jumped some hurdles last week, but some key levels lie ahead, and US Dollar weakness can only do so much. Bonds spreads might provide some clues until AU CPI.
Gold Weekly Forecast: Is it Time to Turn Cautious on XAU/USD?
Gold’s rise to a new 13-month high reaffirms that the near-term trend remains up on hopes that the US Fed is nearing the end of the tightening cycle. The yellow metal is now approaching one of the strongest resistance levels that it has faced in months.
Pound Sterling Forecast: UK Fundamental Data Fails to Inspire, CPI Next
Recent GBP/USD performance flatters the pound while further afield, sterling has not performed all that well particularly against the euro and franc. UK CPI up next
Euro Week Ahead Forecast: EUR/USD Looking to Build A New Base
EUR/USD made a fresh yearly high this week and looks set to move higher. A period of consolidation may help set the pair up for the next leg.
Oil Gains after IEA sees Demand Rising to Record High
IEA warns supply OPEC cuts could stunt economic recovery Global oil supply to fall by 400,000 bpd by year end IEA World demand to climb by 2 mln bpd in 2023, IEA says BEIJING, April 14 Reuters Oil prices rose on Friday after the West39;s energy watchdog said it expected global demand to rise to […]
Gold Holds near OneYear Highs as Fed seen Pausing Rates
Gold up 1.4 so far this week having hit oneyear peak on Thurs U.S. dollar hits oneyear low Eyes on U.S. retail sales data at 1230 GMT April 14 Reuters Gold prices held near oneyear highs on Friday as recent U.S. economic data reinforced hopes that the Federal Reserve was close to the end of […]