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Nasdaq Composite Technical Analysis – Downside risk after the breakout

September 18, 2023

Last week, we got another set of good economic data for the US with signs of further disinflation in the core inflation measures. The soft-landing …

Central Banks

ECB’s Kazimir says cannot rule out further rate hikes

September 18, 2023

I wish that September rate hike was the last one But cannot rule out further moves Only via the March forecast next year can we …

Technical Analysis

Dow Jones Technical Analysis – Watch out for a breakout

September 18, 2023

Last week, we got another set of good economic data for the US with signs of further disinflation in the core inflation measures. The soft-landing …

Technical Analysis

Gold Technical Analysis – More downside expected

September 18, 2023

The uncertainty around inflation due to another increase in energy prices and the risk of a recession continue to keep Gold in a range. In …

Technical Analysis

S&P 500 Technical Analysis – We are at a key support

September 18, 2023

Last week, we got another set of good economic data for the US with signs of further disinflation in the core inflation measures. The soft-landing …

Market Outlook

Gold Price Gains Amid Risk Aversion Ahead of Fed, BoE and BoJ. Higher XAU/USD?

September 18, 2023

Spot gold made headway today with China’s property sector revisiting its debt profile as markets contemplate central bank actions this week. Will XAU/USD break the …

Central Banks

Morgan Stanley says the US is in a disinflationary process, lower their inflation forecast

September 18, 2023

A Morgan Stanley note from Friday ICYMI, saying that the data on inflation that was out during the week, for US CPI and PPI “point …

Central Banks

European Central Bank speakers on Monday include de Guindos and Panetta

September 18, 2023

0500 US Eastern time, which is 0900 GMT: Remarks by ECB Board Member Luis de Guindos at an event organised by Foment del Treball (an …

Central Banks

UBS forecast USD/JPY at 142 by the end of the year – BOJ could move ‘sooner than expected’

September 18, 2023

While not specifically a forecast for this week’s Bank of Japan meeting (statement due Friday 22 September around 0230 to 0330 GMT) UBS on what’s …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1736 (vs. estimate at 7.2707)

September 18, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

New Zealand economists expect 2023/24 GDP at 0.4%, from 0.6% previously – NZIER survey

September 18, 2023

The latest New Zealand Institute of Economic Research (NZIER) Consensus Forecasts in brief: Annual average GDP growth is forecast to slow to 0.4 percent in …