Weekly equities forecast: Tesla, Lloyds & Barclays earnings preview
April 21, 2024 04:00 AM
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S&P 500 Forecast: SPX edges higher ahead of Fed speakers
US stocks are pointing to a modestly higher start as more earnings roll in and as expectations for Federal Reserve interest rate cuts remain in focus and after Disney earnings fail to impress. The US economic calendar is light today, so attention will be on Fed speakers and corporate updates. Disney is set to open 4% lower despite posting EPS of $1.21 vs the $1.10 expected.
GBPUSD Analysis: Economic Optimism Meets Dovish BOE Outlook
GBPUSD Analysis: Growth indicators soar, inflation stays on course, and eyes are on the upcoming BOE decisions
Gold and silver analysis: Grey metal poised for fresh breakout
Silver breaks bull flag resistance trend to signal potential trend resumption following the big rally in early last month.
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GBPUSD Analysis: Economic Optimism Meets Dovish BOE Outlook
Today 12:26 PM
Gold and silver analysis: Grey metal poised for fresh breakout
Today 11:30 AM
EUR/USD, Oil forecast: Two trades to watch
Today 07:57 AM
Gold rebound stalls as key market drivers go AWOL
Today 03:18 AM
AUD/USD rises into RBA, GBP/JPY, gold look set to bounce: Asian Open
Yesterday 11:05 PM
EUR/USD, Oil forecast: Two trades to watch
EUR/USD falls after weak German data & with retail sales in focus. Oil rises ahead of inventory data.
RBA backs uncertain productivity turnaround to achieve inflation target
The Reserve Bank of Australia (RBA) kept Australia’s cash rate unchanged at 4.35% in May but refrained from increasing its longer-term underlying inflation forecasts, limiting the risk of a near-term interest rate hike.
Gold rebound stalls as key market drivers go AWOL
Gold continues to consolidate below just record highs, paying scant attention to movements in other markets and geopolitical headlines since the start of May. As such, until we receive a definitive signal on direction, range trading is favoured near-term.
ASX 200, SGX iron ore: Bullish breakouts on the menu, hawkish RBA a risk
Tuesday looms as a potential make-or-break session for Australia’s ASX 200 with futures sitting at a key technical level on the charts ahead of the RBA interest rate decision. One saving grace may be the continued rebound in iron ore futures in Singapore.
AUD/USD rises into RBA, GBP/JPY, gold look set to bounce: Asian Open
Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can extend its rally beyond resistance is up for question.
British Pound Forecast: GBP/USD Retests 1.26 with BOE on Tap
The risks for GBP/USD are tilted toward a topside breakout and continuation toward 1.2700 if the BOE and UK GDP play along.
Crude Oil Price Forecast: WTI Volatility Drops
Crude Oil price forecasts lean towards bullish sentiment as volatility drops towards decade lows. Is this the calm before the storm?
AUD/USD forecast: RBA rate hike revival risk is real and growing
Stickiness in services and domestic inflation, accompanied by continued resilience in labour market conditions, points to the likelihood of the RBA striking a more hawkish tone in its May monetary policy meeting, creating upside risks for the Australian dollar
US dollar, GBP/USD, USD/JPY, VIX analysis: COT report
The BOJ's intervention prevented large speculators from reaching a record level of net-short exposure, asset managers continued to trim net-long exposure to the US dollar and US indices and also flipped to net-long the VIX.
USD/JPY: Bullish case eroding fast as US economic data rolls over
The game for USD/JPY changed last week. The likely intervention from the BOJ on at least one occasion to support the Japanese yen, coupled with a large reversal in US bond yields, means the extremely successful strategy of buying dips may have run its course near-term.
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