Nasdaq 100, US Dollar, Australian Dollar, China GDP, Yen, BoJ

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There continued to be hesitancy in international market sentiment. Wall Street began off 2022 on a bitter observe, although the second week was much less painful. Nasdaq 100 futures have been little modified. This is as Dow Jones and S&P 500 futures declined about 0.8% and 0.3% respectively. European and Asia-Pacific benchmark inventory indices didn’t fare any higher.

Global financial coverage tightening continues to be the theme, with the 10-year Treasury yield again to early 2020 highs. However, markets appeared a bit too optimistic in estimating hawkish Federal Reserve coverage bets following a principally in-line CPI report exhibiting the most aggressive inflation in 40 years.

The US Dollar pulled again throughout the board, additional decoupling itself from rising authorities bond yields. Some of the best-performing G10 currencies in opposition to the Greenback have been the Japanese Yen, British Pound and Canadian Dollar. The latter obtained a lift from rising crude oil costs, with WTI again to October peaks.

A key financial occasion threat to begin off the week shall be Chinese fourth-quarter GDP figures. Further data shall be revealed into how a fragile property market and authorities crackdowns on the know-how and schooling sectors have been impacting progress. The newest commerce figures for December revealed a pointy slowdown in Chinese imports.

For Yen merchants, the Bank of Japan’s rate of interest choice is due. All eyes shall be on how the central financial institution will modify its view on inflation. Those buying and selling the Euro must preserve a watch out for the ECB account of December’s coverage assembly. Canada will launch its newest CPI report as Australia drops labor market knowledge. What else is in retailer for markets within the week forward?


Fundamental Forecasts:

Goldman Sachs and Netflix Earnings Eyed as S&P 500 Faces “Reality Check”

The US inventory market is going through sectoral rotation from progress into worth shares, with banks earnings in focus subsequent week. Rising yields and rates of interest could undermine tech shares and help monetary names.

Bitcoin (BTC), Ethereum (ETH) – Trying to Build a Base Off Multi-Month Lows

After testing help at the beginning of the week, Bitcoin has picked up a contact, leaving BTC/USD just about unchanged on the week.

Japanese Yen Fundamental Forecast: USD/JPY Eyes Bank of Japan

The Japanese Yen managed to achieve in opposition to its G10 friends final week, a uncommon prevalence as of late. A possible shift within the Bank of Japan’s inflation outlook is on the desk. Will USD/JPY react?

USD Outlook: Economic Impact from Fed Tightening Shackles Dollar

The tug of warfare between market expectations and U.S. financial knowledge continues and with Fed tightening on the horizon, will the greenback make the a lot anticipated push increased?

Australian Dollar Outlook: US Dollar Drop Boosts AUD. Will China GDP Add Momentum?

The Australian Dollar appreciated final week because the US Dollar took a dive, lifting commodities. Will USD weak spot preserve commodities and AUD/USD elevated?

Gold Price Tracks January Opening Range Going Into Fed Blackout Period

The worth of gold could consolidate in the course of the Federal Reserve’s blackout interval because it trades throughout the opening vary for January.

Euro Forecast: EUR/USD on the Offensive, however Road Ahead Remains Tough

The Euro took the offensive in opposition to the US Dollar final week, however the highway forward for EUR/USD stays powerful as a result of ECB and Fed financial coverage divergences.

Technical Forecasts:

Canadian Dollar Technical Forecast: USD/CAD Bounce or Break?

The Canadian greenback ended the week on a powerful observe, boosted by a USD sell-off and better oil costs however trades close to a ‘make or break’ choice level.

Sterling Technical Forecast: GBP/USD Breakout Exhaustion- Cable Levels

Sterling surged greater than 4.3% off the December lows with the GBP/USD breakout risking exhaustion right here into technical resistance. Levels that matter on the weekly chart.

Crude Oil Technical Forecast: WTI at Risk of Brief Pullback Before the Next Leg Higher

Oil maintains a constructive outlook in 2022, however its overbought situation and worth’s proximity to key technical resistance could pave the best way for a short pullback earlier than the subsequent leg increased.

Gold Price Forecast – XAU/USD Trading Around Big Resistance

Gold power final week has an enormous stage of resistance in play as a brand new week arrives; ranges and eventualities to look at within the days forward…

S&P 500, Nasdaq 100 and Dow Jones Forecasts for the Week Ahead

Sentiment seems to be shifting round US equities because the Fed will get nearer to lift-off. The Nasdaq 100 is already teetering on a trendline that held the lows all through 2021 commerce.

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Our knowledge reveals merchants at the moment are net-long USD/CAD for the primary time since Sep 29, 2023 when USD/CAD traded close to 1.36.

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