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ECB’s Villeroy expects the Bank’s interest rates to peak soon, and plateau for a long time

July 9, 2023

Bank of France Governor and European Central Bank Governing Council member Francois Villeroy spoke over the weekend at an economics conference. Villeroy said that while …

Market Outlook

Markets Q3 Outlook: Gold, US Dollar, Nasdaq 100, Crude Oil, Fed, Labor Markets

July 9, 2023

Financial markets remained resilient in the wake of a resurgence in hawkish central bank bets during the second quarter. Will this momentum hold in the …

Forecasts

Japanese Yen Q3 Forecast: Weakness Unlikely to Abate Soon but FX Intervention Risks Grow

July 9, 2023

The Japanese yen could remain biased to the downside early in the third quarter in response to monetary policy divergence between the Bank of Japan …

Central Banks

Week Ahead: US and China CPI; BoC, RBNZ, BoK; ECB and Riksbank Minutes; UK Data

July 9, 2023

MON: Riksbank Minutes, Bank of Israel Announcement, Chinese Inflation (Jun), Norwegian CPI (Jun), Chinese New, Yuan Loans (Jun) TUE: EIA STEO WED: BoC Announcement, RBNZ …

Forecasts

Dow, S&P 500, Nasdaq Technical Outlook: No Sign of a Reversal

July 9, 2023

The S&P 500 and the Nasdaq 100 index’s break above key resistance confirms that the 2022-2023 downtrend has ended, raising the odds of a resumption …

Forecasts

Gold Q3 Technical Forecast: Recent Breakdown Signals More Losses

July 8, 2023

The recent breakdown in gold prices could portend further losses for the yellow metal early in the third quarter. Source

Forecasts

Q3 Euro Fundamental Forecast: Deteriorating Data to Test ECB’s Resolve

July 8, 2023

Worsening economic data in Germany and wider Europe sets up an interesting third quarter as the ECB maintains hawkish resolve. Euro to feel the pressure …

Forecasts

Bitcoin Q3 Technical Forecast: Candlestick Patterns Hint at Potential Bullish Continuation

July 8, 2023

Bitcoin Prices may see a short-term pullback in the early part of Q3 but remains poised for further gains. Source

Technical Analysis

WTI crude futures settle at $73.86

July 7, 2023

The price of WTI crude oil futures settled at $73.86. That’s up $2.06 or 2.87%. The gain equaled the gain from July 5 which is …

Technical Analysis

EURUSD reaches the next target. Could be a cause for pause.

July 7, 2023

The EURUSD continued its run to the upside and in the process has now reached the next key swing area between 1.09618 and 1.09759. The …

Analyst Picks

USD/JPY Setup: Awaiting Pullback to Fibonacci Support Before Next Bullish Leg

July 7, 2023

USD/JPY rallied significantly in June, but has begun to dribble lower this month. Despite the recent pullback, the pair’s fundamental and technical outlook remains constructive. …