Forecasts & Analysis
Gold, Silver, Copper Forecast: Metals Eye Fed’s Move, China PMI in Focus
Copper awaits China’s PMI data with bated breath, hoping for signs of economic recovery that could invigorate demand in the crucial market.
Natural Gas and Oil Analysis: NG Rallies Over 5%; Stronger Dollar Weighs on Oil
Amid a stronger dollar igniting rate cut debates, oil prices dip, while natural gas leaps over 5% to $1.7760, signaling bullish market momentum.
DAX Index Forecast: 17,500 in the Hands of ECB President Lagarde
Monday’s focus shifts to ECB President Lagarde and US economic data, including housing sector indicators, influencing market sentiment on the DAX.
Bitcoin News Today: BTC-Spot ETF Market Flows and Fed Rate Cut Bets
While BTC sees a minor decline, ETH gains momentum on SEC ETF approval hopes; Coinbase’s letter adds to ETH-spot ETF anticipation.
XRP News: Coinbase’s Legal Maneuvers and the OIG May Shake SEC’s Grip on Crypto
As anticipation builds over SEC v Ripple rulings, scrutiny intensifies on crypto conflicts within the SEC, potentially influencing future SEC activity.
USD/JPY Forecast: Eyes on US Housing Data Amid BoJ Rate Pivot Chatter
Bank of Japan’s impending shift from negative rates sparks speculation amid intervention threats, delivering tight USD/JPY price ranges in recent sessions.
AUD to USD Forecast: China and RBA Inflation Focus Amid Fed Rate Cut Chatter
AUD/USD’s winning streak continues on Fed rate cut bets. Chinese stimulus hopes and RBA inflation concerns continue to influence market sentiment.
Hang Seng Index, ASX 200, Nikkei 225: Nikkei has 40,000 in Sight
Central bank chatter will influence the Monday outlook as markets eye Beijing’s stimulus measures. Forecast hinges on economic catalysts.
The Fed’s Favoured Measure Of Inflation On Tap “The PCE Deflator”
While one might have anticipated some profit-taking on Friday, it may very well occur to some extent this week ahead of the PCE.