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Newsquawk Week Ahead: PBoC LPR, Minutes from FOMC, ECB & RBA, Japanese CPI

November 18, 2023

Week Ahead 20-24th November Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct) Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy …

Forecasts

Indices Forecast: S&P 500, Nasdaq Surge While FTSE Lags Behind

November 18, 2023

The rise in US equities has been fast and sharp, spurred on by weaker US data. Few scheduled risk events next week leave the door …

Forecasts

Euro (EUR) Weekly Forecast: Will EUR/USD and EUR/GBP Continue to Rally?

November 18, 2023

EUR/USD has racked up some hefty gains this week on the back of a US dollar sell-off. Can the Euro keep the move going by …

Technical Analysis

USDJPY sellers gain momentum as they test November low

November 17, 2023

As the week comes to an end, the USDJPY fell sharply and in the process tested the low from early November at 149.175. The low …

Forecasts

British Pound (GBP) Weekly Forecast: Vulnerable, Reliant On US Dollar Weakness

November 17, 2023

Sterling has done well against the Dollar in recent days, but hardly on its own merits. Source

Technical Analysis

USDCAD rebounds as European traders’ exit. Above 100 hour MA now.

November 17, 2023

The USDCAD is lower on the day, and in the process, fell below the 100-hour moving average in the early European session (blue line in …

Technical Analysis

Bullish Momentum: AUDUSD holds above key moving averages

November 17, 2023

Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The …

Central Banks

Fed’s Collins: I wouldn’t take additional hiking off the table

November 17, 2023

We are seeing some moderation in inflation, we’ve had ‘promising news’ Data is noisy, progress is uneven I won’t overreact to promising news, we’re positioned …

Central Banks

Fed’s Goolsbee: We will do whatever it takes to beat inflation

November 17, 2023

There is a ‘big gap’ between the data and how consumers/businesses feel about the economy Inflation is front-of-mind to me Inflation is improving but still …

Technical Analysis

USDCHF under bearish pressure as it fails to break key resistance

November 17, 2023

The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% …

Central Banks

Fed’s Daly: Fed needs ‘the boldness to wait’ given uncertainty

November 17, 2023

Patience needed, measured adjustments Fed uncertain if current economic dynamics are ‘remnants’ of pandemic recovery or the new normal Fed not certain if inflation is …