Japanese Yen Update: Japanese Officials Watching JPY Volatility, US Debt Ceiling Vote

Japanese officials are closely watching how the Japanese Yen is moving in the FX market after USD/JPY hit a fresh six-month low.
http://destyy.com/egT5s3

Erdogan Wins Runoff Election as USD/TRY Rises Above Psychological 20.0000 Level

President Erdogan emerges victorious in runoff as hopes for a monetary policy shift fade. Is there any hope for the Lira moving forward?
http://destyy.com/egTSkD

EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?
http://destyy.com/egTSkE

Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede

The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling resolution.
http://destyy.com/egTzEr

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Debt Ceiling, NFPs, AI Frenzy

An AI-fueled frenzy drove the Nasdaq Composite higher as the Dow Jones sank. In the background, solid economic data is feeling Fed rate hikes again, sinking gold and boosting the US Dollar. What is in store for markets ahead?
http://destyy.com/egTgFY

Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal

A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?
http://destyy.com/egTyY2

GBP/USD Price Forecast: Cable Bounces from Oversold Territory as UK Retail Sales Recover

Cable eyeing a short-term bounce helped by technicals and a resurgent retail sector. Can Cable hold onto its gains ahead of US data later today?
http://destyy.com/egRBRz

EUR/USD Outlook: Euro Tumbles as Germany Enters Recession

EUR/USD down 0.3% in early trade as multiple factors weigh on the euro including German recession, US debt ceiling, US downgrade and souring risk sentiment.
http://destyy.com/egRIUi

​​​FTSE 100, DAX 40 and S&P 500 Drop as no US Debt Ceiling Agreement is Signed​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations.
http://destyy.com/egRhUt

USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)

The U.S. dollar remains apprehensive as debt ceiling talks continue ahead of some key US economic data this week. US PMI figures and Fed speak in focus today.
http://destyy.com/egRq1F

GBP/USD Price Forecast: Markets Appear Cautious as 50-Day MA and 1.2400 Support Level Hold Firm

Cable eyeing a short-term bounce toward the psychological 1.2500 level which could cap gains as US debt ceiling negotiations rumble on.
http://destyy.com/egEZzb

Crude Oil Price Creates a Range After Failing to Gain. Where to for WTI?

Crude oil prices consolidated into the week as the US Dollar appears vulnerable with debt ceiling uncertainty lingering and the possibility of the Fed being less hawkish. Lower WTI?
http://destyy.com/egEWGo

Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

US debt ceiling talks are likely to dominate sentiment after some of the optimism scaled back after reports on Friday that debt ceiling talks have hit a roadblock. Fed speak is expected to continue after mixed remarks from officials last week – some called for a pause while others pushed for more rate hikes. Powell, however, on Friday left the door open for a pause.
http://destyy.com/egEcif

Nasdaq 100, Dow Jones, S&P 500 Forecast: US Indices Rally Facing Key Technical Hurdles

US Indices continued their rise this week as large cap Tech stocks continue to lead the way. There are key technical hurdles ahead which begs the question, can the rally continue?
http://destyy.com/egEdDe

US Stocks: S&P 500 Tags New Yearly High on Debt Ceiling Optimism

US equities edge higher on improved sentiment. Although, a stronger US dollar, higher yields and increasing expectations of another rate hike in June could cap gains
http://destyy.com/egW39l

GBP/USD Price Forecast: BoE & Fed Battle it Out as Pound Remains on Offer

GBP/USD looks to central bank speakers today from both the BoE and Fed while US jobless claims data dominates the economic calendar.
http://destyy.com/egWSYF

Euro Breaking News: Mixed Inflation Data Reveals Lack of Progress

Euro area headline inflation rose while core inflation saw a modest decline. The data is likely to embolden calls for more hikes but US debt ceiling dominates the narrative
http://destyy.com/egWoGU

Gold Price Forecast: XAU/USD Faces Busy US Focused Trading Day

Gold prices could be losing their shine as key external factors approach including the US debt ceiling negotiations and Fed speakers.
http://destyy.com/egQ1OA

GBP/USD Price Forecast: Pound Fixated on US Factors

GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.
http://destyy.com/egQIlL

US Dollar Leaps with Treasury Yields as Debt Ceiling Takes Centre Stage. Lower EUR/USD?

The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the USD rally continue?
http://destyy.com/egQhzg

Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impasse weighing on market sentiment and risk appetite.
http://destyy.com/egm675

GBP Breaking News: UK Economy Expands 0.1% in Q1 of 2023, GBP/USD Bid

The UK Economy expanded in Q1 of 2023 but February stalled and March contracted. Is that just a blip or a cause for concern moving forward?
http://destyy.com/egmP3e

ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance.
http://destyy.com/egmhFe

EUR/USD Latest: CoT Report Confirms Overcrowded EUR/USD Positioning

The data from the latest CoT report highlights the dominance of the bullish euro stance, however, recent resistance has proven tough to crack as a pullback sets in
http://destyy.com/egn5OH

GBP/USD Price Forecast: Anticipation Builds Around BoE Announcement

GBP/USD lingers near yearly swing highs but today’s Halifax house price index has dampened recent upside ahead of US CPI and the Bank of England (BoE).
http://destyy.com/egnSmG

XAU/USD Forecast: Gold Prices Delay Ahead of US CPI

Gold prices trade marginally stronger this morning but with high impact data scheduled later in the week, XAU/USD is likely to remain subdued until then.
http://destyy.com/egnce4

Markets Week Ahead: S&P 500, Gold, US Dollar, Oil, BOE, US CPI, China Inflation

Key focus in the coming week is on US CPI data, the Bank of England interest rate decision, and China inflation and new yuan loans data. Also, 32 S&P 500 companies are scheduled to report results for the first quarter.
http://destyy.com/egnrGM

British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap

The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key.
http://destyy.com/egbVkN

GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP

GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback?
http://destyy.com/egbcc9

USD/JPY Price Forecast: Japanese Yen Set for Safe Haven vs FOMC Battle

USD/JPY now looks to key US economic data and the FOMC for guidance while keeping a close eye on the developing banking crisis. Yen sandwiched between 135 and 140.
http://destyy.com/egvEEM

GBP/USD Price Forecast: Pound Resilient Ahead of Fed

GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25.
http://destyy.com/egviLV

Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause

Gold prices retreat as U.S. ISM manufacturing data weakens the case for a Fed pause, triggering a sharp rally in U.S. Treasury yields.
http://destyy.com/egcMMM

US Dollar’s Direction Hinges on Fed’s Policy Outlook, US Labor Market Data

The Fed's policy decision at its May meeting and the April nonfarm payrolls report will steal the spotlight next week and will be key in determining the direction of the U.S. dollar going forward.
http://destyy.com/egcAPE