Weekly Equities Forecast: JP Morgan, Wells Fargo, Citigroup
July 8, 2024 09:12 AM
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British Pound Technical Analysis: GBP/USD, GBP/JPY
Cable is pushing down to fresh eight-month-lows today, nearing a major support level, and GBP/JPY is showing a non-completed morning star.
NFP Preview: Will US Jobs Beat Expectations for the 3rd Time in 4 Months?
Leading indicators point to a roughly as-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 150-200K range
Dow Jones Forecast: DJIA struggles ahead of FOMC minutes
US stocks are struggling amid lingering inflation fears following yesterday's ISM services PMI, a sharp drop in jobless claims, and ahead of the Fed minutes scheduled to be released later today. The Fed is expected to be more cautious regarding rate cuts this year amid signs of a solid economy and concerns over inflationary measures from Trump.
Trade ideas
British Pound Technical Analysis: GBP/USD, GBP/JPY
Today 04:41 PM
Gold Short-term Outlook: XAU/USD Poised for Breakout
Today 02:07 PM
EUR/USD forecast undermined as tariffs threats get louder
Today 01:19 PM
AUD/USD holds ground despite softer CPI, EUR/AUD looks set to tap out
Today 05:12 AM
ASX 200 teases bears with a potential swing high
Today 12:31 AM
Gold Short-term Outlook: XAU/USD Poised for Breakout
Gold prices are poised to breakout of a multi-month consolidation formation with NFPs on tap Friday. Battle lines drawn on the XAU/USD short-term technical charts.
EUR/USD forecast undermined as tariffs threats get louder
The dollar is going to remain in sharp focus with key data including non-farm payrolls to come this week. Ahead of the NFP report, the EUR/USD forecast remains bearish.
DAX, USD/JPY Forecast: Two trades to watch
DAX rises for a third session despite weak data. USD/JPY rises on USD strength ahead of Fed minutes & ADP payrolls
GBPUSD, Gold Forecast: Support Levels and Non-Farm Payrolls
GBPUSD, Gold Forecast: The British pound is struggling against a strong U.S. dollar, holding onto key 2024 support levels, while gold is forming a triangle pattern, leaving markets on edge for a decisive breakout. Non-Farm Payrolls (NFP) on Friday add further volatility risks.
AUD/USD holds ground despite softer CPI, EUR/AUD looks set to tap out
Bond yields and AUD/USD had a different take on today's inflation figures. And on this occasion, I believe forex traders are in the right. And if the Aussie can withstand the strength of the US dollar, it could bode well for bears seeking a cheeky EUR/AUD short.
ASX 200 teases bears with a potential swing high
The ASX 200 looks like it could be setting up for a dip lower, but whether it is a big or small dip is likely down to whether Wall Street holds above its December lows.
USD stands firm as ISM services delivers a sobering start to 2025
The latest batch of ISM reports have been released for December, and they’re not looking good for rate cuts. And that's keeping the USD supported and AUD/USD under pressure.
USD/JPY Clears December High Ahead of US NFP Report
USD/JPY extends the advance from the start of the week to clear the December high (158.09).
Gold Forecast: Bullish Pressure Sets the Tone for the Start of the Year
Gold has registered growth of over 1% in recent hours, positioning itself above $2,650 per ounce.
US Dollar Short-term Outlook: USD Bulls Rest After Five-Week Run
A rebound off uptrend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.
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