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S&P 500, Nasdaq 100 Forecast: Overly Optimistic Sentiment Poses a Minor Setback Risk

July 23, 2023

US equity indices continue to make fresh year-to-date highs in a reflection of the uptrend. However, extreme optimism, overbought conditions, and overcrowded positioning pose a …

Central Banks

Week ahead highlights include: FOMC, US GDP, PCE; ECB, BoJ; flash PMIs

July 23, 2023

Sun: Spanish Elections. Mon: EZ/UK/US Flash PMIs (Jul). Tue: German Ifo Survey (Jul), NBH Announcement, Richmond Fed (Jul). Wed: FOMC Announcement, Australian CPI (Jun). Thu: …

Forecasts

US Dollar Forecast: Will Powell Quell the Recent USD Resurgence?

July 23, 2023

The US dollar pared a sizeable portion of the July selloff as G7 currencies broadly weaken. Will Powell leave the door open to more hikes …

Forecasts

Euro Forecast: EUR/USD and EUR/GBP’s Path Tied to Fed and ECB Policy Outlook

July 22, 2023

There are many high-impact events on the economic calendar next week, but the most important catalysts for EUR/USD and EUR/GBP will be the Fed and …

Technical Analysis

What technical levels are driving the major currency pairs going into the new trading week

July 22, 2023

The following videos will help get you ready for the new trading week. Be sure to like them and share them if you feel worthy. …

Forecasts

Gold and Silver Prices Forecast: XAU/USD and XAG/USD Left Uncertain as Gains Vanish

July 22, 2023

Gold and silver prices disappointed traders as these precious metals gave up their upside progress. Is this undermining the XAU/USD and XAG/USD outlook for the …

Forecasts

Japanese Yen Forecast: USD/JPY, EUR/JPY at the Mercy of Intervention Talk

July 22, 2023

Yen weakness continued this week and was met with comments from Japanese Officials on possible FX Intervention ahead of ‘Central Bank Week’. At what point …

Forecasts

Australian Dollar Forecast: AUD/USD Sinks but US Dollar Might Be Key

July 21, 2023

The Australian Dollar has struggled to make ground despite strong local data as the US Dollar machinations continue to ricochet across markets. CPI lies ahead. …

Technical Analysis

EURGBP trades the technicals this week, that is good new for the next week’s trading

July 21, 2023

The EURGBP is major cross-currency pair that rose sharply this week. With the ECB meeting ahead next week, understanding the technical levels in play could …