DailyFX - Market Outlook

Market Outlook

Treasury Yields Rise, China Bans Crypto (Again) and Evergrande: Weekend Risk 24 Sep 2021, 3:07 pm

It was a busy week and weekend risk is heightened with the ongoing developments at Evergrande.

AUD/USD, AUD/JPY Surge Despite Rising Treasury Yields, Looming Evergrande Risks 23 Sep 2021, 11:00 pm

The Australian Dollar gained as traders bid up stocks on Wall Street. Evergrande woes are being brushed aside despite reports that Beijing asked localities to prepare for its downfall.

Canadian Dollar Price Forecast: USD/CAD Snaps Back to Key Support 23 Sep 2021, 5:45 pm

USD/CAD has snapped back for a support test at a confluent spot on the chart with two different Fibonacci levels in tight proximity.

British Pound Battles US Dollar After FOMC, Before BoE. Will GBP/USD Move Lower? 23 Sep 2021, 6:34 am

The Great British Pound repelled US Dollar strength in the aftermath of the FOMC tapering announcement and before the Bank of England meeting. Can GBP/USD hold the line?

Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data 22 Sep 2021, 11:30 pm

The Australian Dollar is on the back foot against a US Dollar that is gaining following a slightly hawkish FOMC decision. Positive PMI data out of Australia shows a recovery chance for the economy.

Gold Price Forecast: XAU/USD Holds Support Ahead of the Fed - Gold Levels 22 Sep 2021, 4:00 pm

Gold prices are holding support ahead of the FOMC. Will the Fed wave the red flag in front of Gold bulls at the September FOMC?

Crude Oil Jumps as Risk Turns On Evergrande Debt Deal, FOMC Ahead. Will Prices Rally? 22 Sep 2021, 7:00 am

Crude oil prices went higher with Evergrande stalling a debt default and the PBOC opening the liquidity tap. Where to before Fed taper talk?

Australian Dollar Forecast: Evergrande, PBOC, Risk Trends, BoJ on the Radar 21 Sep 2021, 11:00 pm

AUD/USD fell overnight as traders failed to buy Wall Street's dip on Tuesday. Investors are eying Chinese markets and the PBOC to gauge Evergrande risks. The Bank of Japan rate decision is on deck.

Pre-FOMC US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY 21 Sep 2021, 4:10 pm

Tomorrow brings the Fed for a highly-anticipated rate decision. Will the FOMC announce taper, or will they punt to the November rate decision?

Canadian Dollar Jumps On Trudeau Election Win, Risk Appetite Reprieve. Will USD/CAD Go Lower? 21 Sep 2021, 6:30 am

The Canadian Dollar rose on election results delivering political certainty and on commodity markets steadying ahead of the FOMC rate decision. Where to for USD/CAD?

AUD/USD Eyes RBA Minutes, FOMC After Systemic Risks out of China Weighs on Sentiment 20 Sep 2021, 11:00 pm

The Australian Dollar fell overnight alongside US stocks as traders gauged systemic risks from China's indebted Evergrande Group. RBA minutes are in focus as the highly-anticipated FOMC decision lo...

Canadian Dollar Price Forecast: USD/CAD Spikes, Pulls Back - Loonie Levels 20 Sep 2021, 3:50 pm

USD/CAD spiked to start the week and is already putting in a pullback to support at the 1.2800 handle.

Hang Seng Index Tanks on Evergrande Contagion Fears, Central Banks Ahead. Will Risk Assets Go Lower? 20 Sep 2021, 6:33 am

The Hang Seng Index tumbled under the weight of an expanding Evergrande credit crisis amid growing fallout fears. Will risk assets like AUD/JPY be undermined?

New Zealand Dollar Forecast: NZD/USD Eyes China Credit Risk After PSI Miss 19 Sep 2021, 11:00 pm

The New Zealand Dollar is off to a weak start as APAC trading commences. It's a busy week ahead, with several central bank decisions on tap, but Chinese real estate risks threatens to roil global m...

USD Price Action: US Dollar Rallies to Sept High, Focus Shifts to the Fed 17 Sep 2021, 2:23 pm

The US Dollar is trading at a fresh September high and next week brings the FOMC. Can the Dollar challenge its next resistance level even before the announcement?

British Pound Slips After Data, Still Tied to Range. Can GBP/USD Break Out Ahead of FOMC? 17 Sep 2021, 7:09 am

The British Pound has been moving sideways and struggling for direction. Can Sterling find some footing, or will the US Dollar take the wheel ahead of FOMC?

New Zealand Dollar Outlook: NZD/USD Drops on US Dollar Bids, Wall Street Losses 16 Sep 2021, 11:00 pm

The New Zealand Dollar fell going into Friday's APAC session after risk aversion took hold in the US trading session. Safe-haven US Dollar bids weighed on NZD/USD.

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD 16 Sep 2021, 4:00 pm

The US Dollar spiked up to a fresh September high today, but can bulls maintain the move with the FOMC scheduled for next week?

Japanese Yen Gains as Sentiment Sours, AUD/NZD Loses Ground After Key Data 16 Sep 2021, 7:00 am

The anti-risk Japanese Yen appreciated during Thursday’s Asia Pacific trading session while AUD and NZD reacted to key data. Will USD/JPY break out?

Nasdaq 100 Outlook: Risk Assets Turn Higher on APAC Data, Australian Jobs Report Eyed 16 Sep 2021, 12:00 am

A comeback in US equities is helping to lift sentiment in Thursday's APAC session. A blowout GDP report out of New Zealand bolstered the risk-taking mood as traders eye the Australian jobs report.