Home Forex S&P 500, US Dollar, Crude Oil, Gold, FOMC, Liquidity Conditions

S&P 500, US Dollar, Crude Oil, Gold, FOMC, Liquidity Conditions

by kyngsam

Equities charged greater throughout the globe this previous peek because the ‘risk-on’ tone in monetary markets continued recovering after some choppiness in late January. On Wall Street, the Dow Jones, S&P 500 and Nasdaq Composite climbed 1.00%, 1.23% and 1.73% respectively. In the meantime, the FTSE 100 and Nikkei 225 superior 0.94% and a couple of.72% respectively.

The rosy temper actually made its manner into overseas trade markets, the place the anti-risk US Dollar and similarly-behaving Japanese Yen had been a few of the worst-performing G10 currencies. In the meantime, the growth-oriented Australian Dollar outperformed its main counterparts. Looking at commodities, crude oil prices soared 4.67% as gold traded comparatively flat.

US fiscal stimulus continues to be a key focus for buyers, with President Joe Biden aiming to cross his US$1.9 trillion Covid-relief bundle utilizing finances reconciliation given a scarcity of Republican help within the Senate. Longer-dated Treasury yields have been on the rise, with the 30-year charge climbing to its highest since February 2020.

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Exchanges in China and Hong Kong are offline for the Lunar New Yr, with Wall Road closed on Monday for the Presidents’ Day vacation. Count on lower-than-usual liquidity situations, which raises the danger of volatility round breaking headlines. Talking of which, the financial calendar docket continues to be comparatively mild forward.

A notable occasion danger forward consists of FOMC assembly minutes the place the central financial institution might proceed to reiterate its accommodative setting with out an urgency to develop present QE paces. US retail gross sales are additionally on faucet. Japanese and Euro Space GDP information will cross the wires as Australia launch its newest jobs report. What else is in retailer for markets within the week forward?

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Basic Forecasts:

Euro Forecast: EUR/USD Outlook Improves as US Dollar Slides

Final week’s benign US inflation information and bearish feedback from the Federal Reserve’s Jerome Powell have undermined the US Greenback and improved the prospects for EUR/USD accordingly.

Equities Forecast: S&P 500 May Extend Rally on Stimulus Hopes and a Weaker US Dollar

The three main US indices might lengthen their broader upward trajectory, carried by fiscal stimulus hopes, an improved elementary outlook, optimistic earnings steerage and a weaker US Greenback.

British Pound Forecast: Sterling Continues to Move Higher, Vaccination Program Hitting Target

Sterling continues to maneuver greater, with 13 optimistic weeks within the final 15, on marginally better-than-expected GDP information and a profitable vaccination program.

Australian Dollar Forecast: Iron Ore Prices Counterbalancing Dovish RBA

The Australia Greenback might proceed to achieve floor on the again of surging iron ore costs, regardless of the RBA’s resolution to increase its present $100 billion bond buying program.

Mexican Peso Forecast: Short-Term Direction to be Determined as Key Levels Loom

USD/MXN to maneuver in keeping with general market sentiment as financial information dries up.

Gold Price Forecast: Can the US Dollar Save Gold from a Breakdown?

Gold costs subdued, acquainted resistance caps. Draw back dangers stay until USD cracks key help.

US Dollar Forecast: Downtrend to Resume Course as Stocks Climb?

The anti-risk US Greenback weakened this previous week because the Dow Jones, S&P 500 and Nasdaq Composite climbed. Has the dominant downtrend resumed course?

Crude Oil Forecast: Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?

Crude oil’s rally seems to be set to increase additional after the IEA pointed to near-term dangers for 2021 in an up to date report. Nonetheless, a short-term pullback could also be wanted earlier than greater floor is seen.

Technical Forecasts:

AUDUSD Forecast: Risk Appetite Is Aussie Dollar’s Charge for New Highs

The Australian Greenback has prolonged its rebound this previous week, however the leap hasn’t put the foreign money in line for brand new multi-year highs on a bigger bull development…but.

Crude Oil Forecast: WTI Extended, but Has Generally Bullish Technical Outlook

WTI crude oil stays in neat upward channel construction that continues to be a information for its typically bullish outlook.

Equities Forecast: Nasdaq 100, S&P 500, FTSE 100 Forecasts for the Week Ahead

Threat urge for food stays robust as equities push greater and US companies start to wade into the cryptocurrency area, boosting digital belongings like Bitcoin and Ethereum.

US Dollar Forecast: Technical Damage Not Undone

The DXY Index’s rebound in current weeks has finished little to revert the most important technical harm sustained in current months.

Gold Price Forecast: Losing Key Uptrend Support

Gold costs proceed to battle, even because the US Greenback falls again. Threat urge for food is surging, decreasing demand for the secure haven.


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