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Dow Jones Forecast: DJIA rises despite more trade tariffs
US stocks point to a higher open on Monday, recovering from last week's modest declines. Steelmakers were at the top of the leaderboard following President Trump's tariff announcements. The new President announced 25% trade tariffs on all steel and aluminum imports on top of existing tariffs. The market reaction has been relatively muted with stocks gaining and the USD lower. Although Gold trades at a record level.
GBP/USD Forecast: Currency Pair of the Week – February 10, 2025
With Federal Reserve Chair Jerome Powell’s testimony, US CPI data, and key corporate earnings due this week, the GBP/USD forecast remains cautiously bearish following last week’s dovish rate cut by the Bank of England.
USDJPY, Gold Outlook: New Tariffs Keep the DXY and Gold on a Bullish Edge
USDJPY, Gold Outlook: New Trump tariffs this week, including a 25% levy on steel and aluminum imports, are escalating trade war risks, pushing gold to record highs above $2,890 and keeping the U.S. dollar supported above the 108-mark.
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Crude Oil Week Ahead: Tariff Risks, OPEC Report, and US CPI
Crude Oil Week Ahead: As price spikes on oil remain short lived, the broader bearish impact of tariffs is supporting oil prices through their bearish trajectory, with possible alterations to OPEC forecasts and monthly reports in 2025.
EUR/USD Forecast: Focus Turns to US Inflation Data in Week Ahead
With Federal Reserve Chair Jerome Powell’s testimony, US CPI data, and key corporate earnings due this week, the EUR/USD forecast remains cautiously bearish.
Gold Price Forecast: XAU/USD Vertical as Trump Tariffs Risk Trade War
Gold prices surged for a sixth-week with XAU/USD hitting fresh record highs. Battle lines drawn on the weekly technical chart as the Trump tariffs stoke trade war fears.
U.S. Dollar Price Action Setups into CPI Week
The tariff topic continues to dominate and after last week’s open following Trump comments on tariffs, traders should be on guard for more volatility into next week.
Dollar forecast: NFP and hot inflation expectations trigger DXY rebound - Forex Friday
Friday's data showing strong wages growth and hot inflation expectations, and ongoing expectations of inflationary policies under Donald Trump, means the Fed is likely to remain on pause for a long time. Against this backdrop, the US dollar forecast remains bullish.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD claws higher ahead of US data. DAX falls on tariff worries & with PMI data in focus.
Tariff Truce Before the Trade War Even Starts? USD/CAD and USD/MXN in Focus
Will we see progress toward a tariff truce today? USD/CAD and USD/MXN traders seem to think it's possible.
AUD/USD weekly outlook: Make or break for AUD, CNH around key levels
Trump's tariffs and divergent monetary-policy expectations between the RBA and Fed are weighing on AUD/USD. But whether it can hold above the January low could come down to whether USD/CNH breaks above its 2022 high.
USD/CAD and USD/MXN Forecast: Trump Tariffs to Start this Weekend?
The Trump administration has officially confirmed that new tariffs will take effect on Saturday, February 1, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods - see how it's impacting markets.
Gold Forecast: Tepid Trump Tariff Talk Has Bulls Eyeing Record High
Gold buyers may now be turning their eyes upward for a retest of the record highs near $2790 in the coming days, if not a breakout to $2800+.
US Dollar: A Contrarian Perspective on How Trump’s Second Term Could Weaken the USD
How a shift in trade policy, the extension of tax cuts, the appointment of Scott Bessent as Treasury Secretary, and potential threats to Federal Reserve independence could pave the way for a weaker greenback under Trump.
USD/JPY forecast: Fed rates outlook resumes control, eyes on payrolls, ISM services
Directional risks for USD/JPY look set to be driven by economic data this week, helping to shape opinions on the US interest rate outlook given an absence of Fed speakers. With nonfarm payrolls and ISM services data to navigate, the environment looked primed for increased volatility.
Gold weekly forecast: Hawkish Fed rates repricing generates asymmetric dovish risks
The price action in gold last week warns of growing downside risks. But with markets significantly scaling back Fed rate cut bets, it's now up to incoming data to justify why rates should be left on hold. If it can't, it points to US dollar weakness and lower US bond yields, and likely tailwinds for commodity markets.
European Open: EUR/USD and EUR/GBP in focus for eurozone CPI
Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.
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Two trades to watch: EUR/USD, Gold
EUR/USD falls ahead of German inflation data, central bank speak. Gold looks to Fed Powell & Co at the ECB forum.
Hang Seng enters bull market but resistance looms
Whilst the promise of fiscal stimulus propelled Asian markets higher, news of Shanghai’s lockdown risks denting sentiment for the region.
The Hang Seng leads the way (lower), 13k key for Nasdaq 100
Volatility for European and parts of Asia remain high for equity traders, yet US markets have shown minor signs of stability above key support levels.
The Hang Seng remains in freefall, Alibaba below 100
There seems to be little reprieve for investors in China with the Hang Seng falling to a post-pandemic low and Alibaba trading below 100.
Alibaba falls towards key support ahead of earnings
Alibaba is expected to report earnings for Q4 tomorrow, and it is likely to directly impact which way momentum turns from a key support level it currently hovers above.
China’s inflation softens, Metaverse looks to grow
Inflationary forces in China continued to defy global trends as both CPI and PPI data were down from last month.