Opinions

Following a bearish 2022, the EUR/USD will be shrouded in uncertainty in early 2023. Inflation and monetary policy will remain focal points in Q1 2023.

BTC had a particularly bearish 2022, marred by bankruptcies. The year ahead will be a tough one, with crypto headwinds to deliver uncertainty.

The European Union has enough gas for the winter but could face a shortage in 2023 if Russia cuts supplies further.

Higher rates will continue to make the dollar an attractive asset, while a recession will increase its appeal as a safe-haven currency.

The Dollar/Yen is expected to move lower in 2023 as the US Federal Reserve slows its aggressive rate hikes and the Bank of Japan readies for a shift in policy. The huge divergence in monetary policy between the two central banks is expected to tighten, leading to a weakening of

Russian oil exports and the risk of global recession will be key drivers of oil prices in 2023. While logistical issues may temporarily impact Russian exports, China’s growing demand for oil is expected to provide support to markets in the second half of the year.

Ethereum has had a difficult year in 2022, with the crypto asset’s price down 67.1% year-to-date. Regulatory reforms, recession fears, and concerns about the Federal Reserve have all weighed on investor sentiment and contributed to the bearish outlook for ETH in 2023.

The Australian Dollar struggled in 2022 due to the Federal Reserve’s rate hikes, China’s COVID lockdowns, and lower commodity prices and global equity markets. In 2023, these factors will continue to impact the currency.

The crypto market struggled in 2022 due to regulatory scrutiny and platform collapses, with XRP faring better but still down 56.7% year-to-date. The outcome of the SEC v Ripple case, expected in Q1 2023, will be a key driver for XRP, while economic and regulatory factors could also impact the

Silver has gained strong momentum, moving from $18 to $24 in recent months. In 2023, the state of the global economy and industrial demand, as well as China’s economic rebound, will impact silver’s performance.

Gold had a volatile year in 2022, reaching highs of $2070 before dropping to lows of $1615 and rebounding towards the $1800 level. If the Fed is not too hawkish and the global economy does not suffer a major hit, gold has a good chance of reaching the $2000 level

The initial bearish reaction by stock market investors, firming U.S. Treasury yields and a stronger U.S. Dollar, support the need for a hawkish Fed.

The current sell-off isn’t signaling a resumption of the bear market, but rather the liquidation of positions bought in anticipation of a Fed pivot.

Inflation may be showing signs of slowing, but the Fed is committed to raising rates until it’s convinced that it no longer is a problem.

Investors are also hoping Powell provides further guidance about future monetary policy in his press conference after the Fed’s two day meeting.

The Fed is expected to raise rates by 50 bps, but gold will still have a chance to gain upside momentum.

It appears more likely that the U.S. will have to enter a recession before we see the kind of weakness in the economy that Powell desires.

The stock market rebound suggests one bearish data point will not be enough to derail the bullish comments from Fed Chair Powell.

A key Fed report on East Coast manufacturing plunged, but housing market data was better-than-expected and weekly unemployment claims fell.

The Democrats’ victory lifted the uncertainty surrounding the mid-term elections, allowing stock market investors to remain focused on Fed policy.