USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

Posted October 23rd, 2022 by BonTrade and filed in BonTrade News

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC) is expected to deliver a smaller rate hike.

Original post:
USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

Posted October 23rd, 2022 by BonTrade and filed in BonTrade News

The Euro is facing an anticipated 75-basis point rate hike from the European Central Bank in the week ahead. Despite recession woes, the ECB will likely press on to fight persistent inflation.

Go here to see the original:
Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Posted October 22nd, 2022 by BonTrade and filed in BonTrade News

Gold prices fell last week as Treasury yields rose amid hawkish Fedspeak. With a FOMC blackout period among us, traders’ focus turns to economic data. US PMI data is front and center for gold and rate hike bets.

See the rest here: 
Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Crude Oil Technical Forecast: Breakout on the Cards?

Posted October 22nd, 2022 by BonTrade and filed in BonTrade News

An ascending triangle continues to form on the WTI chart, could a breakout materialize in the near future?

View original here: 
Crude Oil Technical Forecast: Breakout on the Cards?

BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

Posted October 22nd, 2022 by BonTrade and filed in BonTrade News

In an environment where persistent inflation, hawkish central banks and economic uncertainty continue to drive sentiment, cryptocurrency and stocks remain vulnerable to geopolitical risks.

Go here to see the original:
BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

Volatility Ahead with USDJPY Intervention, US GDP for S&P 500, ECB Rate Decision for EURUSD

Posted October 22nd, 2022 by BonTrade and filed in BonTrade News

A listless week punctuated by an opportunistic and desperate intervention by the Bank of Japan will transition into a heavier bout of trading conditions ahead. Technical boundaries will strain against heavy event risk including US 3Q GDP, the ECB and BOJ rate decisions, FAANG earnings and much more.

See the original post:
Volatility Ahead with USDJPY Intervention, US GDP for S&P 500, ECB Rate Decision for EURUSD

Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

Posted October 22nd, 2022 by BonTrade and filed in BonTrade News

The Australian Dollar has been chopped up of late as the global macro environment has created a high degree of uncertainty, but domestic CPI will be the focus in the week ahead.

Read more:
Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

British Pound Forecast: Increased GBP Volatility as Tory MPs Decide on a New Leader

Posted October 21st, 2022 by BonTrade and filed in BonTrade News

After a week of complete turmoil and the PM’s resignation, things will get no better next week as the search for the next PM concludes.

Read the original:
British Pound Forecast: Increased GBP Volatility as Tory MPs Decide on a New Leader

FTSE 100 Uncertainty Lingers Ahead of Bank Earnings

Posted October 21st, 2022 by BonTrade and filed in BonTrade News

The UK FTSE 100 has managed to hold onto gains despite political turmoil that continues to threaten the British Pound. Will next week’s earnings provide a fresh catalyst for the UK index?

Read more here:
FTSE 100 Uncertainty Lingers Ahead of Bank Earnings

EUR/USD Outlook: 0.9850 Holds Firm as ECB Meeting Comes into Focus

Posted October 21st, 2022 by BonTrade and filed in BonTrade News

The pair has largely traded in a 120 pip range this week and lacks clear direction. Will the ECB provide a catalyst for its next move?

See original here: 
EUR/USD Outlook: 0.9850 Holds Firm as ECB Meeting Comes into Focus