Recession

Week Ahead: US jobs report to spark market frenzy again?

Fri, 30 Aug 2024 06:04:12 +0000

Economists predict August jobless rate will ease back down to 4.2%
Lowered recession risks should mean slower Fed rate cuts
Sturdier jobs market could boost gold, US stock indexes to new record highs
Repeat of manic volatility from July NFP could deliver massive trading opportunities once more

Week Ahead: US30 index still sensitive to US recession fears

Fri, 09 Aug 2024 09:31:05 +0000

Markets still obsessed with deciphering US recession risks
Home Depot, Walmart earnings offer pulse on US economy
Latest US inflation data also holds clues about Fed’s next moves
Economically-sensitive US30 stock index ready to punch above 50-day SMA resistance Read More

Why are Stock, FX, Crypto markets falling?

Mon, 05 Aug 2024 10:11:06 +0000

Risk assets (global stocks, cryptos, etc.) plummeting
Higher US unemployment rate fuelling US recession fears
Markets fear Fed may be too late to fend off recession
Safe havens JPY, CHF rising against all G10 peers
Volatile markets present trading opportunities galore, including for Read More

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

US government shutdown may further slow economic momentum
Fed could be prevented from one last rate hike
Market reaction from 2018 shutdown may repeat itself
US dollar may weaken, but not much
Gold, US stock indexes could recover

The US government is set to be shut down temporarily, starting this Sunday, October 1st. Read More

Week Ahead: NZDUSD to set new 2023 low?

Fri, 11 Aug 2023 06:33:49 +0000

Earlier this week, we featured the best-performing G10 currency (Swiss Franc) against the US dollar so far in 2023 in our Trade of the Week, published on Mondays.

Time to switch gears and look at the other end of the spectrum …

Read More

Why is the US dollar stronger today?

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

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.

NOTE: The USD Index tracks how the US dollar is performing against a basket of six Read More

Trade Of The Week: What’s Next For The EURUSD?

Mon, 13 Mar 2023 11:07:09 +0000

Fasten your seatbelts, because the next few days could be wild for the world’s most traded FX pair.

Prices have already kicked off the new trading week in a volatile fashion, gapping higher thanks to potent fundamental forces.

We witnessed EURUSD bulls dominate the scene last Friday following the mixed Read More

Trade of the Week: GBPUSD ready to rock

Mon, 30 Jan 2023 12:22:26 +0000

In recent sessions, GBPUSD has been relatively quiet, trading just below a key resistance level.

But such relative calm could be pierced this week as markets pit the policy signals out of two major central banks against each other:

the US Federal Reserve (a.k.a. the Fed) vs. the Bank of England (BOE). Read More

SP500m close to forming “golden cross”. What’s next?

Thu, 26 Jan 2023 10:47:54 +0000

A golden cross is when the asset’s 50-day simple moving average (SMA) crosses above its 200-day SMA.

Such an event indicates that this asset’s prices have been climbing of late, enough to be higher than its longer-term average.

At the time of writing, the gap between those two widely-followed technical indicators now stand at Read More