Author: BonTrade

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.

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

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.

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

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.

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

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

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Crude Oil Technical Forecast: Breakout on the Cards?

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

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

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.

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

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.

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Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

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.

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

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?

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FTSE 100 Uncertainty Lingers Ahead of Bank Earnings

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?

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