Trade Arena: April 2023

British Pound Week Ahead: GBP/USD and EUR/GBP Will Dance to Different Music

The latest Fed and ECB monetary policy decisions next week will steer GBP/USD and EUR/GBP in the short-term.
http://destyy.com/egcx6f

AUD/USD Price Forecast: New 2023 Low for Aussie dollar?

AUD/USD is on the backfoot this morning after housing credit remained subdued. The Aussie dollar now looks ahead to US core PCE and consumer sentiment for guidance.
http://destyy.com/egcr9y

Euro Latest: EUR/USD Stuck in a Holding Pattern Ahead of High Impact Data Releases

EUR/USD volatility is likely to return shortly with a slew of high importance US and Euro Area data set for release over the next 36 hours.
http://destyy.com/egxB2K

Euro Price Forecast: EUR/USD Recovers on GfK Consumer Confidence Data

EUR/USD finds support in early trade after positive German data but the day ahead looks to the US for guidance.
http://destyy.com/egxPn6

S&P 500 & Nasdaq 100 Cautiously Anticipate Tech Earnings

The S&P 500 index and NDX are showing sings of fatigue ahead of this weeks tech earnings and US economic data.
http://destyy.com/egxzTt

EUR/USD Price Forecast: Acceptance Above the 1.1000 Handle Remains Crucial

EURUSD continues to display indecisiveness as German Ifo data comes in mixed. As consolidation continues can US data and ECB policymakers’ rhetoric inspire a breakout?
http://destyy.com/egxwxu

Markets Week Ahead: Gold, Nasdaq, US Dollar; Earnings, US PCE, Euro Area and US GDP

The US dollar rose slightly while global equity markets ended largely flat in the past week as a positive start to the earnings season has been overshadowed by concerns that central banks may not be done with tightening just yet. Key focus on a raft of earnings in the coming week. Plus, US and Euro area Q1 GDP, US core PCE index, Australia Q1 inflation, and the Bank of Japan interest rate decision.
http://destyy.com/egzCOk

British Pound Weekly Outlook: Is GBP/USD Ready to Break Higher?

The British pound’s rally against the US dollar has stalled recently, and chances are that the consolidation could continue a while longer before it embarks on a new leg higher. What are the key levels to watch?
http://destyy.com/egzUhG

USD Price Forecast: Dollar Index (DXY) Bid on Fed Speak

The U.S. dollar looks towards additional Fed speak and US PMI data in what is a relatively lackluster economic trading day. DXY pushing 102.
http://destyy.com/egzh8a

Gold (XAU/USD) Price Under Yield Pressure, Support Level Nears

The precious metal is testing near-term support as short-dated US Treasury yields press higher.
http://destyy.com/eglZ1i

GBP Price Forecast: Things Get Tough for the BoE as UK Labor Data Surprises

GBP/USD is bid this morning after UK labor data showed faster wage growth that brought into consideration another rate hike from the BoE in May.
http://destyy.com/eglWuX

USD (DXY) Update: Manufacturing Data Lifts Downtrodden Dollar

The US dollar has received a boost from an unlikely manufacturing print that adds weight behind the developing pullback
http://destyy.com/egluLL

Gold Price Forecast: XAU/USD Reacts to Real Yield Sensitivity

Gold prices are bid as real yields are suppressed pushing XAU/USD above the $2000 handle in early European trade.
http://destyy.com/egkNI2

Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. Key focus is now on Euro area, UK, Japan, Canada, and New Zealand inflation data in the coming week as the US earnings picks up steam.
http://destyy.com/egkPq0

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