rate hikes

Trade of the Week: GBPUSD in for an early-Christmas cracker?

Mon, 18 Dec 2023 11:26:32 +0000

GBPUSD has climbed about 4.9% so far in 2023
UK, US economic data to offer clues on BOE vs. Fed's 2024 rates plan
Forecasted trading range: 1.2528 - 1.2788

Sterling is the second-best performing G10 currency against the US dollar so far in 2023.

At the time of writing, GBPUSD has about 4.9% in year-to-date gains, albeit with a couple of weeks left to go in the year.

How markets might react to a US government shutdown?

Thu, 28 Sep 2023 09:32:46 +0000

How markets might react to a US government shutdown? han.tan@FXTM CY CA Thu, 09/28/2023 - 12:32

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Here's how the US dollar, gold, and US stock indexes may perform if the US government stays offline for an extended period, which in turn could potentially prevent one more Fed rate hike.

Is SPX500_m primed for a breakout?

Tue, 19 Sep 2023 11:51:11 +0000

Is SPX500_m primed for a breakout? han.tan@FXTM CY CA Tue, 09/19/2023 - 14:51

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Historically, an upside breakout has a greater than 80% chance of being sustained. This week's highly-anticipated Fed rate decision may trigger the next big move in US stock indexes.

UK100_m soars on easing UK inflation

Wed, 19 Jul 2023 09:29:25 +0000

UK100_m tracks FTSE 100 index which measures 100 largest UK stocks
Lower-than-expected UK inflation = lowered bets for BOE rate hikes = Pound falls
Weaker GBP improves earnings outlook for FTSE 100 companies, pushing UK100_m higher
Technical analysis points to 4 potential upside targets for UK100_m

The UK100_m has resurfaced above the psychologically-important 7500 level Read More

Week Ahead: Can AUDUSD stay above 0.660?

Fri, 30 Jun 2023 06:58:54 +0000

AUDUSD set to post 1.8% climb in June - first monthly gain since January 2023
Bloomberg's FX model forecasts trading range of 0.6524 – 0.6732 for AUDUSD in first week of July
AUDUSD's presence above/below 0.660 next week could be dictated by China PMIs, RBA decision, FOMC minutes, and US jobs report.

Stocks cautious ahead of central bank pow-wow

Tue, 27 Jun 2023 08:37:47 +0000

Stocks cautious ahead of central bank pow-wow han.tan@FXTM CY CA Tue, 06/27/2023 - 11:37

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US stocks futures are trying to find a more solid footing after Monday’s declines.

Week Ahead: OPEC+ to shock Brent back to $80?

Fri, 02 Jun 2023 07:26:26 +0000

Week Ahead: OPEC+ to shock Brent back to $80? han.tan@FXTM CY CA Fri, 06/02/2023 - 10:26

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The alliance of 23 oil-producing countries will meet on Sunday, June 4th, to decide how much oil they’ll pump out into the world.

This critical decision could rock oil prices at the onset of the coming week, which also features these major events on the global macroeconomic calendar:

EURUSD attempts slight recovery

Thu, 01 Jun 2023 07:33:59 +0000

EURUSD attempts slight recovery han.tan@FXTM CY CA Thu, 06/01/2023 - 10:33

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The world's most-traded FX pair has a relatively muted response to the just-released Eurozone inflation data for May, as measured by the consumer price index (CPI).

Why is the US dollar stronger today?

Wed, 31 May 2023 10:32:44 +0000

Why is the US dollar stronger today? han.tan@FXTM CY CA Wed, 05/31/2023 - 13:32

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The USD Index has punched its way to a fresh two-month high, and is on course for its largest monthly gain (2.8%) since September 2022.

Trade of the Week: EURUSD set for rebound?

Mon, 29 May 2023 10:27:54 +0000

Trade of the Week: EURUSD set for rebound? han.tan@FXTM CY CA Mon, 05/29/2023 - 13:27

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The euro has weakened against the US dollar by about 2.7% so far this month, as we see out the final days of May.