Forecasts & Analysis
Crude Oil Price Update – IEA Sees Recovering China Demand as Saudi’s Raise Prices to Asia
Supported by concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.
Market Mood Stabilises Ahead Of Powell
Asian markets stabilised somewhat on Tuesday morning following the broadly negative cues from Wall Street overnight as concerns over higher US interest rates left investors on edge.
Gold Price Forecast XAU/USD – Traders Expected to Believe Powell This Time
If Powell comes across as more hawkish than his post-meeting remarks by predicting rate hikes beyond June then look for gold prices to weaken.
USD/JPY Fundamental Daily Forecast – Higher Prices Likely if Powell Strikes Hawkish Chord
Investors will be closely watching a speech by Fed Chair Jerome Powell at the Economic Club of Washington later on Tuesday at 17:00 GMT.
ETH Bulls Need a Dovish Fed Chair Powell to Retarget $1,700
After a bearish Monday, ETH and BTC found support this morning. While Shanghai hard fork news remains key, Fed Chair Powell will influence today.
SHIB Needs Shibarium Upgrade News to Retarget $0.000016
After a bearish Monday, SHIB and DOGE found early support this morning. However, a lack of network updates would leave the broader market to influence.
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Firms after RBA’s Hawkish Policy Decisions
The RBA omitted its previous condition that policy was not on a “pre-set path”, suggesting further rate hikes were more likely than not.
NZD/USD Forex Technical Analysis – Supported by Slightly Better Risk Sentiment
Looking ahead, the RBNZ holds its next policy meeting on Feb. 22 and is widely expected to lift rates by 50 basis points to 4.75%.
Hang Seng Index, ASX200, Nikkei 225: RBA Sends the ASX Down
It was a mixed morning for the Asian markets. While the Hang Seng Index found support despite Fed policy uncertainty, a hawkish RBA weighed on the ASX.
AUDUSD Forecast – Aussie Dollar Edges Higher after RBA Rate Hike
In speaking of the decision, RBA governor Philip Lowe said bluntly in a statement along with the announcement: “Global inflation remains very high”.