Big Forex

19/03/2023

Markets Week Ahead: Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell

The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference

18/03/2023

US Dollar Outlook Hinges on Fed’s Next Steps. Will the FOMC Hike or Pause?

The US dollar’s trading bias will be defined by the Fed’s policy outlook next week. Traders should prepare for the possibility of a dovish guidance due to rising financial instability risks.

18/03/2023

The USD/CAD weekly forecast is bearish as a dovish Fed may hurt the dollar. Meanwhile, the banking crisis may further weigh on the USD.

18/03/2023

The GBP/USD weekly forecast is slightly bearish as banking sector worries might continue in the coming week, boosting the safe-haven dollar.

17/03/2023

Gold Prices Jump as Yields Slump, Sentiment Dismal as Bank Angst Lingers

Gold prices soar, rising to the highest level since early February, boosted by falling bond yields and risk-off mood as the U.S. banking sector woes fail to dissipate.

17/03/2023

Rand Dollar Outlook: USD/ZAR Pauses Ahead of National Shutdown & FOMC

The South African Rand has surrendered weekly gains after fears over the US banking system ease, supporting a resilient Dollar. USD/ZAR remains uncertain ahead of FOMC.

17/03/2023

US Stocks Rebound after Wall Street Puts its Money Where its Mouth is

US stocks responded favorably after assurances in the banking sector were put forward by the Federal Reserve, along with a show of confidence by large US banks

17/03/2023

The USD/CAD price dropped in the short term and is trading at 1.3697 at the time of writing. The downside pressure remains high.

17/03/2023

Euro Latest: EUR/USD Pushes Higher on ECB Rate Hike Commentary

The Euro is pushing higher against a range of currencies as a group of ECB policy makers observe that inflation remains too high and that the central bank will have to hike interest rates further.

17/03/2023

GBP/USD Price Forecast: Cable Consolidates Above the 1.21 Handle

Cable enjoyed a strong bounce yesterday helped by improving sentiment and a weaker US Dollar. Weekly high around 1.2200 may cap gains ahead of a next week's key data releases.

17/03/2023

Today’s USD/JPY price analysis is tilted to the downside as the improved risk sentiment weighs on the US dollar.

17/03/2023

Today’s EUR/USD outlook is bullish. The USD fell on Friday as risk sentiment improved, reducing pressure on the major markets.