James Stanley
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VIX Spikes, Yen Surges, Yields Dive: Recession Fears Begin to Take Over
It’s been a busy and messy week across global macro markets. The push points behind the tumult are parsed through in this piece.
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
It was another strong week for the British Pound as Core CPI came out well-above the expectation, leading to a 1.2750 test in GBP/USD and a 200.00 test in GBP/JPY.
British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP
The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.
S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead: Into the FOMC
It was a come back type of week for stocks, even with another hot inflation report. But next week brings the Fed and markets are still holding on to hopes for 2024 rate cuts.
British Pound Technical Forecast: GBP/USD Holds Confluent Support at the 200DMA
GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.
Price Action Trends: Higher-Highs and Higher-Lows, the Rhythm of Life
Price action strips away the indicators and focuses on the most important variable on the chart, price itself. In this article we look at how traders can get started with this field of study.
Gold Price Forecast: XAU/USD Massive Bull Run Holding Near ATH
Gold has been extremely bullish since last October’s open and as the Fed’s retained a dovish stance the yellow metal has forced a massive breakout. The big question now is whether it can continue.
WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains
Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.
Gold Price Forecast: XAU/USD Bulls Respond to First 2024 Test Below $2k
Gold has been resilient so far in 2024 even as USD strength re-appeared. The big question now is whether bulls can find a more favorable outcome on tests of resistance at $2,032 or $2,050.
Euro Price Outlook: EUR/USD Breakdown Pulls Back as USD Holds 105
Euro bears have been persistent so far this year, but they’ve also shown a degree of hesitancy on tests of fresh lows as the longer-term range remains in-play.
U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors
The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.
U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.
Canadian Dollar Technical Forecast: USD/CAD, CAD/JPY
USD/CAD continues to hold a range inside of a range, but CAD/JPY is bristling at resistance after having set a fresh 16-year high last week.
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
Yen weakness has come rushing back in early-2024 trade, but U.S. and U.K. CPI could provide a jolt to FX trends in USD and GBP, which could produce some change in both USD/JPY and GBP/JPY.
Gold Price Forecast: XAU/USD Sets the Stage for 2024 at Multi-Year Resistance
Gold is holding on to a near 12% gain in 2023 but it’s the position on the chart and the backdrop of monetary policy that’s of interest for 2024.
British Pound Technical Analysis: GBP/USD Breakout After 1.2500 Test
The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.
USD/ILS to Seven-Year High; Gold, Oil Rally as Geopolitical Tension Jumps
Markets started the week on edge as geopolitical tensions have increased, leading to a bounce in both gold and oil prices.
Gold Goes Deep Oversold as XAU/USD Continues Post-Fed Snapback
Spot Gold (XAU/USD) has seen RSI drive below 20 on the daily chart, which has only happened three other times in the past 20 years.
Euro Price Outlook: EUR/USD 1.0500 Support - Oversold Bounce or Bottom?
EUR/USD put in its first daily close below 1.0500 in 2023 earlier this week. And the bearish move has started to show symptoms of stalling, raising the question as to whether this is an oversold bounce or a legitimate bottoming scenario.
US Dollar Price Action: EUR/USD, USD/JPY, SPX, Gold
It’s a market of extremes with the US Dollar pushing for its 12th consecutive weekly gain and the S&P 500 testing below a key spot of confluent support.
US Dollar Technical Analysis: USD Strength Drives into Q4
US Dollar bears took a shot after the Q3 open and failed, with USD bulls running 11 consecutive weekly gains in DXY to set a very different stage for the Q4 open.
US Dollar, FX Majors, Rates and SPX into Q4
FX volatility woke up in a big way in Q3 and with the US Dollar holding a strong bullish trend the door is open for more in Q4.
US Dollar Price Action: EUR/USD, Gold, GBP/USD, USD/CAD, USD/JPY
The US Dollar has continued an aggressive bullish breakout as yields have flown higher since last week’s FOMC. The focus shifts to US data with a big morning on the calendar for Friday.