Quiet Before the Storm? Markets Poised for a Relaxed Week
For June 2024, Canada's CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. The FOMC meeting minutes from July 2024 indicated that the Federal Reserve decided to maintain the federal funds rate within the target range of 5.25% to 5.50% and revealed a shift in the Fed's focus. The latest data on U.S. Initial Jobless Claims, for the week ending...
Fed Faces Inflation Heat: What's Next for FOMC？
In February, retail sales in Australia saw a slight increase, fueled by heightened spending on clothing and dining out, likely spurred by popular Taylor Swift concerts drawing crowds. The U.S private sector employment increased by 184,000 jobs in March and annual pay was up 5.1 percent year-over-year. It was the largest addition since July and higher than the expected reading of 148k new private jobs with the biggest increases for job changers were in construction, financial services and...
GEMFOREX - weekly analysis
The week ahead: Dollar awaits key US data
Crude Oil Prices, NOK, Brace for Norges Bank, FOMC Rate Decisions
The Norwegian Krone and crude oil prices will be in for turbulent week ahead of an avalanche of central bank rate decisions against the backdrop of political volatility in the middle east.
Fed Expected to Keep Risk Appetite Running After ECB, Trade Wars
The fundamental pressure will not ease up over the coming week, but momentum behind a distinct trend is not guaranteed. Risk appetite has benefit an improved view of trade wars and the help offered by the ECB but will these themes hold through a more crowded monetary policy gauntlet in
Japanese Yen Price Chart: USD/JPY Breakout Trade Levels for FOMC
An outside-day reversal off resistance leaves the immediate focus on a breakout of the recent price range. Here are the levels that matter on the USD/JPY charts.
US Dollar, Stock Markets Brace for FOMC Rate Decision
The US Dollar may gain at the expense of equity markets if the Fed rate decision and accompanying commentary induces risk aversion, overriding downward pressure from a dovish policy change.
NZDJPY Plunges After New Zealand Confidence Data Spooks Markets
The New Zealand Dollar fell against most of its major counterparts after local confidence data undershot forecasts and spooked markets – NZD is now eyeing FOMC rate decision ahead.
US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels
The US Dollar is approaching resistance at the yearly highs with major event risk on tap. Here are the levels that matter on the DXY weekly chart into the close of July.
Gold Price Prepares to Breakout as FOMC Rate Decision Nears
Gold continues to bide its time before its next move with price action tempered ahead of next weeks FOMC rate decision when the Fed is fully expected to start cutting interest rates.
EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets
EURUSD may continue jumping if University of Michigan sentiment data shows weakness and amplifies what are already-aggressive Fed rate cut expectations
Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support
An outside-weekly reversal in the Canadian Dollar cleared the monthly range last week. Here are the levels that matter on the USD/CAD price charts into the June close.
EURUSD May Look Past Draghi Comments with FOMC in the Spotlight
While yesterday the Euro took a hit after ECB President Mario Draghi alluded to possible future cuts and reintroduction of QE, markets may look past them as their attention turns to the FOMC.
US Dollar Steadies as Fed Rate Cut Odds Stabilize - Calendar Driving Prices
The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
US Dollar Weekly Forecast: After May Fed Meeting & April NFP, Fed Speakers & April Inflation Due Up
A slew of Fed policymakers will hit the lecture circuit this week, while the only ‘high’ rated data release is the April US inflation report due on Friday.
Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report
Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report
Sterling Price Outlook: GBP/USD Bears Grind into Trend Support
Sterling is down more than 3.8% form the yearly highs with price now testing key technical support. Here are the targets & invalidation levels that matter on the GBP/USD charts.
Spot Gold Price Chart Reveals Plunge Towards Support as USD Rips Higher
Spot gold is coming under pressure today, likely in response to a surging US Dollar following less-dovish remarks from Fed officials revealed in the latest FOMC minutes. Which key XAUUSD technical levels might be targeted next？
US Dollar Weekly Forecast: ECB Meeting, US Inflation, Fed Minutes on Tap
The US Dollar will deal with several important data releases over the coming week, including US inflation data and the Fed meeting minutes.
Euro Price Outlook: EUR/USD Battle Lines Drawn into March Close
Euro is off more than 1.1% from the pre-FOMC high with price now targeting uptrend support. Here are the targets & invalidation levels that matter on the EUR/USD charts.