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Newsquawk Week Ahead: EZ/UK flash PMIs, ECB, BoC, US PCE, Australian CPI

October 21, 2023

MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct) TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs WED: BoC …

Forecasts

Euro Weekly Forecast: EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead?

October 21, 2023

This article offers a detailed analysis of EUR/USD and EUR/GBP, considering both fundamental and technical viewpoints ahead of the ECB decision. It also examines important …

Forecasts

Australian Dollar Forecast: RBA – From Implicit to Explicit – Crunch Time

October 20, 2023

The Australian Dollar is struggling to gain traction but the RBA might be posturing toward a more hawkish stance and it may manifest in CPI …

Technical Analysis

USDJPY stays above 100 hour MA, but…

October 20, 2023

The market still fears the 150.00 level in the USDJPY. There was a run above at the start of the month and a quick 280 …

Technical Analysis

GBPUSD fails above 100 hour MA. What next as we head into the new week.

October 20, 2023

The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and …

Central Banks

Fed’s Mester: Looking at lots of data on mon pol, including money supply

October 20, 2023

The midnight Fed blackout can’t come soon enough. Balance sheet drawdown should happen regardless of interest rate moves Can’t say for sure mon pol is …

Technical Analysis

Gold continues it’s surge with $2000 sniffed today

October 20, 2023

The price of gold last Friday moved up to test its 100/200-day moving average (blue and green lines on the chart below). Sellers leaned against …

Central Banks

Feds Mester: Fed is at or near the peak of the rate hike cycle

October 20, 2023

Cleveland Fed Pres. Loretta Mester is speaking (voting member in 2024), and says: Fed is at or near peak of rate hike cycle Reiterates outlook …

Technical Analysis

EURUSD stays above hourly moving averages today, but upside is limited.

October 20, 2023

The EURUSD did find support bars against its 200-hour moving average 1.05665 (green line on the chart below), and remained above its rising 100-hour moving …