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Markets Week Ahead: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation
MARKET FORECAST: GOLD, US DOLLAR, EUR/USD, GBP/USDGold prices fall on rising U.S. Treasury yields and a strengthening U.S. dollarEUR/USD and GBP/USD inch lower, but manage to hold above important tech levelsThe U.S. inflation report is likely to be a source of...
Weekly Market Outlook (12-16 February)
UPCOMING EVENTS:Tuesday: Japan PPI, UK Labour Market report, Switzerland CPI, German ZEW, US NFIB Small Business Optimism Index, US CPI.Wednesday: UK CPI, Eurozone Industrial Production.Thursday: Japan GDP, Australia Labour Market report, UK GDP, UK Industrial...
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The entire American economic philosophy can be distilled into a three-letter word
Sunday features the quintessential American cultural event -- the Super Bowl.The game itself and its importance in American culture hint at what makes America what it is, and why US stock markets are at record highs as the rest of the world falls further behind.The...
ECB’s Panetta said that time for an interest rate cut is “fast approaching”
Governor of the Bank of Italy and hence European Central Bank Governing Council member Fabio Panetta spoke on Saturday, saying that "the time for a reversal of the monetary policy stance is fast approaching."The ECB have already stopped raising rates, the last was in...
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CIBC now sees one fewer Bank of Canada rate cut this year
Canada added 37.3K jobs in January compared to 15K expected. The unemployment rate fell to 5.7% from 5.9% as labor force participation also slipped. "Although labour market conditions remain looser than they were a year ago, today’s data certainly won’t speed up the...
Newsquawk Week Ahead: US CPI, Retail Sales, Aussie jobs, UK jobs, CPI and GDP
Mon: BoC SLOS, Indian CPI (Jan), Export/Imports (Jan), Holiday: China (New Year), Hong Kong, TokyoTue: OPEC MOMR, Swedish Unemployment (Jan), UK Unemployment/Wages (Dec), Swiss CPI (Jan), EZ/German ZEW (Feb), US CPI (Jan), NFIB (Jan). Holiday: China (New Year), Hong...
Gold Price Forecast: US Inflation to Dictate Direction, Volatility Looms Ahead
GOLD PRICE WEEK AHEAD OUTLOOKGold ticked down this week, but lacked strong conviction, with prices fluctuating aimlessly around the 50-day SMA, a sign of consolidationThe January U.S. inflation report will be the focus of attention and a potential source of market...
Forexlive Americas FX news wrap 9 Feb: S&P closes above 5000 for the first time ever.
The USD is ending the session lower to end the trading week with most of the declines coming vs the AUD and the NZD. Overnight, ANZ reported that is now predicts that the Reserve Bank of New Zealand (RBNZ) will increase the Official Cash Rate (OCR) by 25 basis points...
Broader indices plow forward. Record close for S&P and first close above 5000.
The broader US stock indices continued to plow forward with the S&P closing above 5K for the first time ever. The Nasdaq traded above 16K for the first time since November 2021 and is now within 67 points of a new all time high close. The Dow did fall today but as...
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Crude oil settles at $76.84,
The price of oil is settling at $76.84. That is up $0.62 or 0.81% on the day. The high price reached $77.29. The low price was at $75.93.For the trading week, the prices soared 6.27% which comes after a -7.35% decline last week, and a 6.5% rise the week before. So...
Fed’s Logan: Labor market is very tight but loosening
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Bostic: Inflation has been too high for too long
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
EURUSD neutralizes the price action heading into the weekend
The EURUSD has neutralized the price action from a technical perspective by holding support and resistance against comment technical levels. More specifically, on the downside today, the 100-hour moving average stalled the fall. That moving average currently comes in...
USDCAD trades to new session highs and in the process tests the 200 day MA
The USDCAD fell initially at the start of the North American session after the Canada jobs report, in the revisions to the CPI which was originally thought to be more than what it ended up being. The price moved to the high of a swing area between 1.3398 and 1.3414...
European equity close: A double doji on the weekly
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Nasdaq moves closer to record high close
NASDAQ index is within 0.76% of all-time high closing levelThe NASDAQ index is moving closer to its all-time high closing level reached on November 19, 2021 at 16057.44. The intraday all-time high price was reached at 16212.23 on November 22, 2021. From that high...