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S&P 500, Nasdaq 100 - Wall Street Indexes Eye Further Gains as Earnings Filter Through

Wall Street indexes showed positive momentum, driven by strong bank earnings reports. Tech sector earnings, expected later in October, could further boost US indices. S&P 500 technical analysis suggests potential bullish continuation with key resistance levels identified. Most Read: Brent Crude – OPEC + Cuts Forecasts Again as Chinese Imports Fall, Brent Holds Above $78/Barrel

15-10-2024 09:04 GMT by Zain Vawda

Canadian dollar can’t find its footing, Can. CPI next

The Canadian dollar has declined against the US dollar for a tenth consecutive trading day and has fallen 2.1% in October. In Tuesday’s session, USD/CAD is trading at 1.3811 at the time of writing, up 0.11%. Canada’s inflation rate expected to fall below 2% Is the tough battle against inflation finally over?

15-10-2024 05:38 GMT by Kenneth Fisher

Brent Crude - OPEC + Cuts Forecasts Again as Chinese Imports Fall, Brent Holds Above $78/Barrel

Brent oil prices have recovered to $78.30 despite OPEC+ downgrading demand growth forecasts and falling Chinese imports. China's oil imports fell for the fifth consecutive month in September stoking demand fears. OPEC+ revised its global oil demand growth forecast for 2024 downwards for the third time. Most Read: Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady

14-10-2024 11:26 GMT by Zain Vawda

Canada’s job growth sparkles but Canadian dollar falls

The Canadian dollar can’t find its footing and is trading at nine-week low against the US dollar. In the North American session, USD/CAD is trading at 1.3792 at the time of writing, up 0.21%.

14-10-2024 10:31 GMT by Kenneth Fisher

Pound eyes UK employment data

The British pound is coming off a quiet week and the lack of activity has continued on Monday. Early in the North American session, GBP/USD is trading at 1.3040, down 0.14% on the day. It’s a busy week in the UK, with the release of employment, inflation and retail sales.

14-10-2024 09:19 GMT by Kenneth Fisher

AUD/USD: Under downside pressure from China’s weak inflation

China's latest set of inflationary data for September increases the risk of a deflationary spiral being entrenched. China policymakers continued to use rhetoric to push out new fiscal stimulus policies but lacked details in terms of the amount and scope of implementation. An erosion of confidence in China's policymaking process may trigger a negative feedback loop into the AUD/USD. This is a follow-up analysis of our prior report “AUD/USD: The recent rally of the Aussie dollar may face a ceili

14-10-2024 07:11 GMT by Kelvin Wong

Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady

Gold prices remain steady despite weak Chinese data, Risk-Off Start to the week. Market uncertainty and geopolitical tensions are supporting gold's safe-haven appeal. Key support and resistance levels to watch are identified. Most Read: Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus Gold prices held steady this morning as weak Chinese data renewed market concerns and led to a risk-off start to the week.

14-10-2024 07:06 GMT by Zain Vawda

NZ Dollar under pressure as services data disappoints

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI contracts for seventh straight month New Zealand’s economy has been struggling, and a key factor has been the contraction in the services sector.

14-10-2024 06:40 GMT by Kenneth Fisher

Markets Weekly Outlook - ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank's interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks reporting. Can the S&P 500 rally continue? Technical breakdown provided.

11-10-2024 13:34 GMT by Zain Vawda

USD/CAD pushes higher, Canadian employment next

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3767 at the time of writing, up 0.19%. The Canadian dollar has hit a rough patch and is on a seven-day slide in which it has fallen 1.6%.

11-10-2024 07:07 GMT by Kenneth Fisher

Pound shrugs as UK economy grew by 0.2%

The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in both June and July.

11-10-2024 05:57 GMT by Kenneth Fisher

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive.

11-10-2024 05:52 GMT by Zain Vawda

Euro lower as US inflation dips slightly

The euro is lower on Thursday. In the North American session, EUR/USD is trading at 1.0908, down 0.28%. The German economy has been struggling but there was positive news as German retail sales rose 1.6% in August and 1.5% in July, after declines of 1.1% in June and 1.4% in May.

10-10-2024 12:58 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Hold Above $2600/oz.. Will US CPI Lead a Recovery in Price?

Gold prices are consolidating above $2600/oz, supported by uncertainty in the Middle East. Upcoming US CPI data will impact gold prices, with a softer print potentially boosting gold and a higher print strengthening the USD. Technically, gold is rangebound, with immediate resistance at 2624 and support at 2600. The geopolitical situation and CPI data will likely provide short-term clarity.

10-10-2024 08:23 GMT by Zain Vawda

GBP/USD Technical: Potential bullish reversal after 4-week slide as US CPI looms

This is a follow-up analysis of our prior report “GBP/USD Technical: Sterling bulls are in control” published on 27 August 2024. Click here for a recap. Since our last publication, the price actions of the GBP/USD have rallied and hit the lower limit of the first medium-term resistance zone of 1.3400/3505 (printed an intraday high of 1.3434 on 26 September).

10-10-2024 06:55 GMT by Kelvin Wong

USD/JPY steady after Fed minutes

The yen is calm on Thursday after sharp losses a day earlier. In the European session, USD/JPY is trading at 148.88, down 0.28%. Fed minutes: next cut will likely be 25 bps The Federal Reserve released the minutes from the September meeting on Wednesday.

10-10-2024 06:27 GMT by Kenneth Fisher

Australian dollar extends losses, Fed minutes loom

The Australian dollar continues to decline and is down for a fifth straight day. In the North American session, AUD/USD is trading at 0.6725, down 0.31%.

09-10-2024 12:07 GMT by Kenneth Fisher

GBP/USD Consolidates as Bulls Eye a Potential Short-Term Pullback

GBP/USD is currently range-bound, consolidating within a narrow 30-pip range. US CPI and PPI data releases on Thursday and Friday could introduce some volatility. From a technical standpoint, the medium-term outlook still favors USD bulls, but a short-term bounce in GBP/USD is looking appealing. Most Read: S&P 500, Nasdaq 100 – Futures Hold High Ground as US Considers a Breakup of Google GBP/USD is in uncharted territory if i may so with the pair confined to a 30 pip range since early Monday mo

09-10-2024 11:11 GMT by Zain Vawda

USD/JPY eyes Fed minutes

The yen has edged lower on Wednesday in what has been a quiet week. In the European session, USD/JPY is trading at 148.72, up 0.36%. Will Fed minutes provide clues for November meeting? The Federal Reserve will release the minutes of the September meeting later today.

09-10-2024 08:40 GMT by Kenneth Fisher

S&P 500, Nasdaq 100 - Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday's losses. Following a disappointing update from the National Reform Commission in China, US-listed Chinese stocks like Alibaba, PDD Holdings, and JD.com experienced declines.

09-10-2024 08:00 GMT by Zain Vawda

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