This week, financial markets are poised for significant movement, driven by key economic data releases and geopolitical developments. Fed Chair Jerome Powell’s dovish comments have sparked speculation of a rate cut in September, affecting the USD, gold, and cryptocurrencies. The USD index fell, and US Treasury yields declined last week. Meanwhile, political events in Europe…
Gold rallied Friday after a very tight consolidation following its triangle breakout Wednesday. Given the push past our SHS Right Shoulder we have now invalidated the bearish reversal pattern. That said note that demand wise we may be seeing suggestions of a top still with the PBoC apparently absent from the market for the last…
The eagerly anticipated US Non-Farm Payrolls (NFP) report for June is set to be released on Friday, July 5, 2024, at 12:30 GMT. This report comes at a critical juncture, with the US labor market showing signs of cooling amid broader economic uncertainties. Here’s what market participants should expect and consider ahead of this pivotal…
Gold saw demand kick in early in European trade buoyed by demand from buy on dippers and the persistent geopolitcal tension. Poor releases out of the US merely served to underscore this bullish tone as it argues the potential for an early rate cut. Still the Fed is not known for reacting to single data…
Market players were largely caught off guard with how the dollar responded to a weak read in US ISM Manufacturing numbers, falling short of consensus at 48.5 against hopes of an improvement to 49.2, a contraction still yet less so. For today we have little of note coming out of the UK with market players…
The upcoming Eurozone Consumer Price Index (CPI) 0900GMT report is set to be a critical factor in determining the European Central Bank’s (ECB) monetary policy direction. With internal divisions within the ECB and ongoing political uncertainties, the data will play a pivotal role in shaping future rate decisions. This preview explores the key points of…
Bitcoin players are facing an interesting dilemma the next fews days, follow historical cycles or be realistic and look at supply and demand. July is largely seen as a period of rebound for BTC if we are to look at charts. This however may be dampened by the Mt. Gox bankruptcy story which could flush…
As we embark on a new week in the financial markets, investors should be vigilant about several key issues that are poised to influence market dynamics. The US Federal Reserve’s interest rate outlook continues to be a significant driver of market sentiment, with recent data releases and hawkish rhetoric from Fed officials shaping expectations. Geopolitical…
Seasonal factors will likely be the main driver for oil over the next month or two, i.e. US driving season providing real demand for black gold. That said we will not discount the potential effects of monetary policy to this picture as an upcoming easing cycle may just convince people there will be good time…
Right Wing politics appears to be good for the Euro with opening gaps against the rest majors Monday. Note elections in France saw Marie Le Pen’s far right National Rally headed for a slight majority suggesting French centered and anti-immigration politics, this appears to be inline with the growing strength of the right across Europe….