The technical picture is a little hard to read for the S&P 500 heading into the first quarter of 2024, with immediate resistance resting near the record high around the 4,817 level.
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EUR/USD closed out 2023 on a positive note, recovering a sizeable chunk of the decline witnessed in the second half of the year. The medium-term trend appears bullish but yield differentials will struggle to motivate a prolonged period of upside potential.
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This article delves into the fundamental outlook of the British pound, offering an exhaustive analysis of its medium-term prospects. The piece also discusses crucial risk factors that could steer sterling’s trend in the first quarter of 2024.
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Outlook on S&P 500 and Nasdaq 100 as trading becomes lighter towards year-end.
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JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.
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Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.
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This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day
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USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.
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A concerted effort by various Fed officials over the past few days to dampen market expectations of multiple rate cuts in 2024 is not having the desired effect at the moment.
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German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.
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The latest HCOB flash PMIs confirm that the Euro Area economy is struggling and any continuation of this trend will bring talk of sooner-rather-than-later ECB rate cuts back into focus
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The ECB kept rates steady today while dipping their toes in the dovish pond. The initial statement providing tentative hints but largely sticking to the ongoing rhetoric.
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GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data.
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US inflation was largely in line with estimates but the increase in the MoM CPI and Core MoM prints mean the Fed are likely to push back on growing rate cut expectations.
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