Market Outlook

Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
USDCAD propels as economic divergence deepens.
“Greenback remains at the forefront as investor gears up for further hawkishness from the Federal Reserve.” USDCAD extended its gains past 22 months high as economic development in between US and Canada shows significant contrast. Latest report shows that Canada’s inflation rate begins to cool off with July’s figure coming at 7.6% versus previous peak of 8.1%. As US inflation lingers at higher threshold, investors expect Federal Reserve to maintain its bullishness for a longer
21-09-2022 04:11
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
NZDUSD at intraday low, further downside is possible?
“NZDUSD relinquished as investors expects Fed to raise interest rates further.” Kiwi extended its losses towards intraday low due to broad selloff that is linked to optimism that surrounds US Federal Reserve. In addition, fears towards China and European economic progression due to domestic factors has also geared up for higher demand towards the safe-haven greenback. For the time being, investors will place their attention upon upcoming economic data from the US to further gauge the
20-09-2022 09:39
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
S&P500 jitters as Fed may raise interest rates further.
“S&P500 jeopardized by stubbornly high inflation in the United States.” Investors has been reacting negatively towards equities following signs of stubborn inflation or rising prices in the US. Recently released inflation data points towards aggressive Federal Reserve in a bid to stabilizes price of goods. We expect Fed to increase interest rates further for next few meetings session, which will raise the opportunity cost of holding equities further. Quick recap on
19-09-2022 03:11
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
Gold price walking on a fine line between bulls and bears.
“Pressure on gold price continues as traders expect Fed to raise interest rates extensively.” Gold price extended its recent decline while currently testing key support level due to hawkish expectation towards the Federal Reserve. Yesterday, US Producer Price Index for the month of August hovers near 40-years high that may force Federal Reserve to increase interest rates further. As Fed may maintain their hawkish tilt, this raises the opportunity cost for holding gold – a
15-09-2022 02:27
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
AUDUSD knocked off after US inflation delivers.
“US inflation remains high as the bid to control its rise continues.” Investors rushed back into the greenback, staging a sharp rebound from lower boundaries following the release of highly anticipated inflation data. Although annual inflation rate eased slightly during August, Core CPI rose by 0.6% versus consensus of 0.3%. The data may encourage Federal Reserve to extend its rate hike efforts as the bid to ease burden on American continues. Quick recap on AUDUSD The pair remains
14-09-2022 02:36
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
ECB lightens up the market, but will Euro sustain?
“Euro jumps as investor reassess ECB’s hidden hawkish stance.” Euro rejoiced during Asian trading session, buoyed by European Central Bank’s stance with regards to rate hike. Considering last week’s rate hike, ECB emphasized that they would have two or three more rate hikes, to bring record high inflation levels to the bank’s target of 2%. The signal shades some insights over how ECB perceives current market condition, which to them – the inflationary pressure still hovers at
13-09-2022 07:30
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
Mood lightens as Tesla proposes new business.
“Is new business around the corner? Tesla investors scrambles to buy their share on the automaker’s stock.” Euro rejoiced during Asian trading session, buoyed by European Central Bank’s stance with regards to rate hike. Considering last week’s rate hike, ECB emphasized that they would have two or three more rate hikes, to bring record high inflation levels to the bank’s target of 2%. The signal shed insights over how ECB perceives current market condition, which to them – the
12-09-2022 03:50
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
EURGBP reacts towards ECB, change of course imminent?
“ECB seemingly hawkish, euro bulls cheers.” Euro received higher demand during Asian trading session, a rather post-reaction towards European Central Bank’s policy meeting on yesterday. While ECB raised interest rates by 75 basis points, its highest rate hike in 23 years, the central bank emphasized that rate hikes may end sooner. Nonetheless, ECB President Christine Lagarde reiterates that they may interest rates may be increased beyond terminal rate to attain their targeted
09-09-2022 02:49
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
China’s lockdown to be blamed for AUDUSD demise?
“AUDUSD extend its bearish tilt as Trade Balance eases due to China’s ongoing lockdown.” Aussie dollar took a plunge towards fresh intraday low following downbeat economic data from the region. For the month of July, Australia’s Trade Balance came in at only 8,733 million versus forecast of 14,500 million. The data suggests lower exports due to ongoing lockdowns in China due to zero covid policy. In addition, cautious mood among traders before the release of key data from Europe and
08-09-2022 02:55
Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX
Bulls regain USDCHF as China disappoints.
“China’s data flashes contraction alert, sparking risk averse among market participants.” Global market was rattled by recent release of trade data from China, sparking deep losses in Asian market especially Chinese Yuan. Earlier this week, August’s data showed that China’s trade surplus came in lower than expected, with both imports and exports underperforming. China’s economy suffered substantially as central government enforces strict lockdown due to zero Covid policy.
07-09-2022 07:09