Forecasts & Analysis
US Dollar (DXY): Choppy Trade Due to Uncertainty about Fed’s Policy Outlook
U.S. Dollar Index (DXY) rebounds as Euro retreats due to disappointing data, while Fed policy uncertainty lingers.
Fortinet Shares See Monster Demand
Fortinet, Inc. (FTNT) shares are up a staggering 45% in 2023. The below charts show why.
Natural Gas Forecast: Facing Downward Pressure Amidst Cooler Weather Outlook
Cooler weather outlook, surplus levels, and easing gas demand contribute to cautious market sentiment and downward pressure on natural gas prices.
EUR/USD: Euro Falters Against Dollar Amidst Mixed Signals, Economic Data
The EUR/USD’s early gains were surrendered amidst weaker than expected economic data, reflecting uncertainty over European Central Bank policy.
Bitcoin Looks Set to Take a Severe Dive
The sharp move down has pushed Bitcoin’s price below its 200-week average ($26.3K).
NASDAQ 100, Dow Jones, S&P 500: Apple’s Influence, Bank Regulations to Shape Early Market Sentiment
Apple’s announcements shape sentiment, while bank stocks decline amid regulatory capital requirement hikes, highlighting industry challenges.
ETH Eyes a Return to $1,900 as Focus Turns to US Hearing on Digital Assets
ETH steadied this morning after the SEC-induced sell-off on Monday. However, staking statistics will need to improve to support a reversal of the losses.
USD/JPY Forecast: Softer as Weak US Services Data Casts Shadow on Fed Meeting
US services sector weakness raises rate outlook concerns, weakening USD/JPY. Traders cautious ahead of FOMC as policy uncertainty looms.
Gold Price Forecast: Uncertainties Surrounding Fed’s Policy Impact XAU Prices
Gold (XAU) prices react to Fed policy uncertainties, as investors await policy meeting and CPI report for rate guidance and price direction.
DAX in the Hands of German Factory Orders and ECB Chatter
It is a relatively busy day for the DAX, with economic indicators for Germany and the euro area in focus. Central bank chatter will need monitoring, however.
