DailyFX - Market Outlook

Market Outlook

Gold Price Holds High Ground Post BoE Upending Markets. Where to for XAU/USD? 29 Sep 2022, 5:00 am

Gold has abated in Asia after a stellar day prior on the back of a deteriorating US Dollar and a drop in yields as the markets recoiled at Bank of England intervention. Will XAU/USD rally?

S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable 29 Sep 2022, 3:30 am

The S&P 500 managed to end a six-day slide – its worst since the height of the 2020 pandemic – before the index marked another high profile technical break. Seemingly, all it took was a massive stimulus aimed at stabilizing a financial crisis in the UK. But is that the backdrop for a broader recovery?

US Dollar Pullback Green Lights APAC Currency Rally Ahead of NZD Economic Data 28 Sep 2022, 11:00 pm

The New Zealand Dollar took advantage of a broader pullback in the US Dollar, outperforming its major peers, including the Australian Dollar. New Zealand economic data is on tap for today’s session.

British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP 28 Sep 2022, 2:34 pm

It’s gone from bad to worse for the UK and the Bank of England’s emergency actions may not solve the problems plaguing the British Pound.

Euro Punches Lower as US Dollar Drives Markets on No Intervention and Fed Hawks 28 Sep 2022, 5:00 am

The US Dollar is again off and running after a pause on Tuesday as the Fed states the case for higher rates ad the White House leaves markets to themselves. How low will EUR/USD go?

S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’ 28 Sep 2022, 4:30 am

Markets are still firmly seated in a ‘risk aversion’ trajectory, but the progress for that slide has ebbed – perhaps owing to the absence of a dominant fundamental event risk in the foreground. Meanwhile, the pressure from inflation, recession risks and the Dollar’s extreme pressure are unrelenting.

Stocks Sanguine as Bonds, FX Price-in Panic – Webinar 27 Sep 2022, 7:12 pm

It’s a peculiar environment to see once-in-a-decade moves in FX or bonds as stocks just sit on support. One side is probably wrong…

Crude Oil Gains Reprieve on US Dollar Pause as Yields Soar. Where to for WTI? 27 Sep 2022, 5:00 am

Crude oil steadied today as the US Dollar gave up some ground despite Treasury yields climbing amid market chaos across currencies and bonds. Will WTI find a base?

Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’ 27 Sep 2022, 3:00 am

The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.

Chinese Yuan Faces Another Big Test as US Dollar Surge Goes Unchecked 26 Sep 2022, 11:00 pm

The Chinese Yuan faces another big technical test as the US Dollar continues to cause havoc across the FX space. China’s industrial profits are in focus for today amid a commodity selloff.

Gold Price Forecast: Gold Breaks Double Top – Can XAU Bears Run? 26 Sep 2022, 2:00 pm

Panic has started to show in global markets after last week’s FOMC rate decision and gold price action has went from bad to worse for gold bulls.

British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for GBP/USD? 26 Sep 2022, 5:00 am

The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything to save GBP/USD?

Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment 25 Sep 2022, 11:00 pm

An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today.

Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears 24 Sep 2022, 8:30 pm

Volatility rippled through the financial system this past week with global indices tumbling and the Dollar’s rally amplified through counter-currency struggles. While conditions were still orderly through Friday, we may find financial stability at risk in the week ahead with the wrong prompts.

Australian Dollar Floored by Booming US Dollar as Rate Hikes Ricochet Through Markets 23 Sep 2022, 5:00 am

The Australian Dollar has been hammered in the maelstrom running through markets this week as several central banks make their moves on interest rates. Will AUD/USD hit new lows?

Would a Louder Recession Signal Push the Dow Over the Ledge, Reverse the Dollar? 23 Sep 2022, 2:00 am

We have come through a flood of monetary policy from the Fed, BOE, BOJ and others. While the general trend is towards tightening, there is just as much disparity contributing to instability. The fallout I am most concerned over is an indeterminant recession. Our economic status is the primary fundamental focus Friday.

US Dollar Rally Pauses as Japanese Yen Finds Respite: Asia-Pacific Outlook 22 Sep 2022, 11:00 pm

Asia-Pacific markets face a risk-off day despite a US Dollar pullback driven mainly by Japanese Yen strength following an intervention in FX markets.

Will Dollar and Risk Assets Sift Through the Fed Decision to the Recession Warning? 22 Sep 2022, 2:00 am

The Federal Reserve pulled the trigger on a third consecutive, 75 basis point rate hike Wednesday afternoon. After considerable intraday volatility, the implications for high rates and economic troubled settled in for the Dollar and S&P 500. Will the coming wave of central bank updates emphasize the recession threat ahead?

NZD/USD Trades at Critical Support as APAC Traders Prepare for Bank of Japan 21 Sep 2022, 11:00 pm

The New Zealand Dollar is trading at a critical support level against the US Dollar after the FOMC decision. Asia-Pacific markets may fall as traders prepare for the Bank of Japan.

Japanese Yen Technical Analysis: BoJ Tonight, USD/JPY Near Highs 21 Sep 2022, 2:38 pm

JPY trends have remained in-force as the BoJ remains one of the most loose and dovish Central Banks in the world. Will stronger inflation now at 31-year highs compel the BoJ to begin positioning for a change, however subtle it may be?