2023 September Outlook for G7 Currencies Dollar Fundamental perspective: Over the past month, the dollar displayed a mix of strength and vulnerability against its international peers. It initially surged above 105, driven by optimism from strong ISM services data and favorable unemployment claims, while eurozone
Weekly Market Update 2 October – Dollar Ascends Beyond 106.2 as 10-Year Yields Soar 1. The dollar defied detriments of weakening consumer sentiment, GDP, and PCE price index and strengthened north of half a percentage point to close near 106.2 last week as 10-year treasury yields
Weekly Market Update 18 September – Dollar Ascends Beyond 105.3 as CPI and PPI Soar Last Week 1. The dollar surpassed the high from the previous week and concluded the week above the 105.3 mark upon elevated levels of CPI, PPI, and retail sales last
Weekly Technical Analysis Report 15 Sep – Bearish outlook on XAUUSD 1. This week’s outlook on XAUUSD: Bearish outlook seen On the 4H chart, prices are trending down a bearish channel with current prices hovering at the upper channel band at the 161.8% fibonacci level,
Weekly Market Update 11 September – Dollar Soars on Strong Economic Data; Markets Await Inflation Reports 1. The dollar surged past the key level of 105 upon optimistic ISM services data and glimpse of a tighter-than-expected labour market from unemployment claims data. Prior to U.S.
Weekly Technical Analysis Report 8 Sep – Bearish outlook on GBPUSD 1. This week’s outlook on GBPUSD: Bearish outlook seen On the 4H FX chart, we’re witnessing a bearish momentum, characterized by the pair navigating within a descending channel, consistently printing lower peaks and troughs.
2023 August Outlook for G7 Currencies Dollar Fundamental perspective: With the narrative of a soft-landing, the dollar surged against its G10 currency peers to close above 104 and was cushioned despite lower-than-expected figures for August CPI print, reporting at 3.2% growth, and also with Non-Farm
Weekly Market Update 4 September – Dollar Is Here to Stay; Surges Above 104.2 Despite String of Negative Economic News 1. The dollar’s siege against its G10 peers faced retaliation upon worse-than-expected prelim GDP, JOLTS and consumer confidence figures but eventual non-farm payroll and PMI
Weekly Technical Analysis Report 31 Aug – Bearish outlook on AUDUSD 1. This week’s outlook on AUDUSD: Bearish outlook seen On the 4H timeframe, prices are currently trending in a downward channel and the currency is heading to the 50% fibonnaci level. Prices crossing this