Will gold climb out of the Fed meeting?
Wednesday’s Federal Reserve meeting will also be a meeting where the Fed outline their dot plot on rate projections.Â
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GBPUSD sell bias as the BoE may look to pause rates?Â
Recent economic data from the UK has fuelled speculation that the Bank of England is starting to consider pausing interest rates hikes in the UK. Furthermore, some recent speeches from MPC members, have added fuel to this speculation. BoE’s Governor…
The middle of the month bias for the Nikkei
One of the key features around seasonality is the so-called turn of the month affect. This is when major indices tend to gain around the end of a month and into the first few days of the new month. However…
EURGBP:Â Seasonal strength heading into the ECB meeting
Heading into the ECB rate meeting on Thursday this week a Reuters poll from last week shows 39 out of 69 economists surveyed are expecting the European Central bank to keep rates unchanged at 3.75%. However 30 at the economists…
Gold prices to rise into US CPI?Â
Gold prices are in a major focus right now ahead of the US CPI print due to be released on Wednesday at 1:30 UK time. Gold is extremely sensitive to US interest rate expectations and dollar moves. This has meant…
Is this Tesla’s time for falls?
Tesla stock has recently found decent support around the 220 and 230 region. This is in line with the 100 and 200 exponential moving average on the daily chart. However, there is a week seasonal period ahead for Tesla that…
Will Saudi’s production cuts buck oil’s weak seasonals?
Crude oil moved higher on Tuesday this week after Saudi Arabia and Russia both opted to extend their voluntary production cuts. Saudi extended its 1 million barrels per day cut for three months to include October until year end, which…
Does the AUDNZD have a sell bias post the RBA meeting?
The Reserve Bank of Australia have moved into a wait-and-see mode before deciding on whether they need to hike interest rates further. At the latest central bank meeting they kept rates unchanged at 4.10% indicating that the July monthly CPI…
Is a time of GBPJPY weakness ahead?
There is a very interesting seasonal pattern approaching in the GBPJPY pair. Recent gains in the pound are starting to look stretched. The Bank of England has been hiking interest rates to deal with rising inflation and that’s resulted in…
Can a US jobs miss lift the S&P500 into the weekend?
The Federal Reserve is focusing very intently on the US labour market for signs that their rate hiking cycle is starting to cool demand. The way the market has been translation US economic data over the last few weeks is…