Page 582 – Forex

ECB rate cuts expected in 2024, beginning March, as euro area inflation declines rapidly

A not via ANZ on their outlook for the ECB, the main summary points: Conditions for European Central Bank rate cuts to be in place …

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December 10, 2023

Central Banks

USD/JPY: Solid jobs report, reduced expectations of Fed cut, BOJ pivot, underpinning pair

December 10, 2023

A couple of items from Friday to take note of for USD/JPY traders. 1. Expectations of Federal Open Market Committee (FOMC) rate cuts have been …

Central Banks

Timiraos: Fed unlikley to talk about rate cuts and perhaps may not for several months

December 10, 2023

The Fed decision is on Wednesday and WSJ Fedwatcher Nick Timiraos is out with his latest. Here’s the key passage: Fed officials aren’t likely to …

Forecasts

Gold, Silver & Oil Forecast: Commodities Prepare for a Busy Week

December 9, 2023

The updated Fed forecast next week can guide the dollar, and by extension, gold prices in the last weeks of 2023 as can the US …

Central Banks

Week ahead highlights include: FOMC, ECB, BoE, SNB; US CPI, China activity data

December 9, 2023

MON: Norwegian CPI (Nov), Chinese M2 (Nov). TUE: EIA STEO; UK Unemployment Rate (Oct), German ZEW (Dec), US NFIB (Nov), US CPI (Nov), Japanese Tankan …

Forecasts

EURO Weekly Forecast: ECB Expected to Hold Rates but How Will Projections Differ from Market Expectations?

December 9, 2023

The ECB projections will hold the key in the week ahead as market participants still price in 125bps of rate cuts in 2024. Can the …

Technical Analysis

Crude oil settles at $71.23. A close below the 200 week MA is avoided.

December 8, 2023

The price of WTI crude oil futures are settling the week at $71.23. That’s up $1.89 or 2.73%. Monday, Tuesday and Wednesday saw the price …

Technical Analysis

USDCHF approaching key resistance, traders eye targets on the daily and hourly charts

December 8, 2023

The USDCHF has moved higher this week. The low was reached on Monday. The high was reached in trading today. At session highs, the price …

Technical Analysis

USDCAD trades to new highs amid volatile up and down trading today

December 8, 2023

The USDCAD has recently reached a new daily high, but the price movement has been notably volatile, fluctuating between gains and losses. This inconsistency in …

Technical Analysis

Not so fast. S&P and Dow indices turn back in the red for the day/week

December 8, 2023

The major US stock indices have turned back into negative territory after extending higher after the favorable inflation and growth numbers from the University of …

Technical Analysis

Anticipating a Move: NZDUSD trading mostly within a value area, but look for a break soon

December 8, 2023

Over the past seven to eight trading days, the NZDUSD has been predominantly fluctuating within a defined “value area,” ranging between 0.6112 and 0.6191. While …