Page 954 – Forex

Market Outlook - Asian Market

Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in Asia

Wall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.

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Bitcoin and the rest of the crypto market shrug off lawsuit against Coinbase

Bitcoin has nearly erased the rout from yesterday’s SEC charges against Binance and today’s suit against Coindesk. It’s an impressive turnaround after some troubling news, …

SEC sues Coinbase for operating as an unregistered broker

From the complaint: SEC says Coinbase has operated as an unregistered broker since at least 2019 Crypto assets that Coinbase makes available put Coinbase’s operatings …

Price Action Setups for GBP/AUD Following RBA Rate Hike

RBA surprised with another 25bps hike this morning pushing GBP/AUD toward a key support level. Are we in for a break or bounce?

US Dollar Pauses as Cross Market Volatility Rolls Over. Will Markets be Data Dependent?

The US Dollar recalibrated after data disappointed and may give the Federal Reserve room to skip a hike at their next gathering. Volatility has eased …

Market Outlook - Asian Market

Asia Day Ahead: Wall Street on a breather as Apple failed to commit to all-time high

A mixed showing in Wall Street eventually saw the Nasdaq pare its initial gains by the close, partly as optimism around Apple’s share price fizzled.

Market Outlook - European Market

US Dollar Holds the High Ground While Crude Oil Whips Around. Higher USD?

The US Dollar regained its ascendency after the US debt deal passed Congress and was supported by solid jobs data. OPEC+ announced output cuts and …

Market Outlook - Asian Market

Asia Day Ahead: US debt ceiling resolution brings focus back to Fed’s rate outlook

With the US debt default crisis averted which has been largely priced by markets previously, central focus this week could be shifted back to the …

Markets Week Ahead: S&P 500, Gold, US Dollar; US ISM, Euro Area Retail Sales, RBA, Japan Econ Watchers, China Inflation

After some key activity data and the passage of the debt ceiling bill last week, markets could be in for a relatively quieter week on …

Forecasts

US Dollar Weekly Forecast: DXY Turns to Wall Street as Economic Docket Quiets Ahead

The US Dollar took a breather last week, with a still-tight labor market leaving the door open for the Fed to resume tightening in July. …

Forecasts

S&P 500, Nasdaq Week Ahead: US Stocks Surge Despite Jobs Data Beat

US stocks head into the weekend buoyed by a more dovish Fed, a debt ceiling deal, and stable average hourly earnings. However, signs of overheating …