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Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture

This article focuses primarily on the technical outlook for the yen. For a deeper understanding of the fundamental factors driving the Japanese currency’s trajectory in the second quarter, feel free to download our comprehensive Q2 forecast. It’s complimentary!

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Get . . . → Read More: Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture

Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last

This article focuses on the fundamental outlook for the Australian dollar. If you would like to learn more about technical forecast and price action analysis, download DailyFX’s complete second-quarter forecast by clicking the link below. It’s free!

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Get . . . → Read More: Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last

Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

Pound Sterling (GBP) Analysis ONS confirms UK technical recession after final data print EUR/GBP heads lower, back into the prior trading range GBP/USD attempts to lift off of channel support Get your hands on the brand new Pound Sterling Q2 outlook today for exclusive insights into key market catalysts that should be on every . . . → Read More: Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY US data releases will direct the dollar’s short-term future. EUR/USD looking for a sub-1.0800 break

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. . . → Read More: US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

EUR/USD Prices, Charts, and Analysis The German economy is struggling according to five leading economic institutes. Two ECB rate cuts before the August holiday break?

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The . . . → Read More: Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

Brent Crude News and Analysis US crude prices are under pressure again This year’s strong move has brought out profit takers OPEC Isn’t expected to alter its policy of production cuts next week Learn why oil fundamentals are crucial to understanding oil price fluctuations:

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Understanding . . . → Read More: Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

USD/JPY News and Analysis ‘Decisive steps’ to be considered by Japan’s Finance Ministry USD/JPY flirts with danger – trading perilously close to the 152.00 marker Lower liquidity over the Easter holidays may provide a suitable opportunity to strengthen the yen but timing remains unclear Learn how to setup for market moving news and . . . → Read More: FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD U.S. dollar displays rangebound behavior ahead of high-impact events on Friday US PCE data and Powell’s speech on Friday will be key for markets Thinner liquidity conditions are expected later in the week because of a bank holiday

Most Read: Japanese Yen Outlook – Market Sentiment Signals . . . → Read More: US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD

Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers

Gold (XAU/USD), Silver (XAG/USD) Analysis Dollar Down, Gold up

Gold appears to be taking its cue from a marginally weaker dollar at the start of the holiday-shortened trading week. Last week, gold prices revealed a rather unconventional evening star pattern – a typically bearish formation which can occur at the top of an . . . → Read More: Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers

Euro Gains Again Despite More Dovish ECB Commentary

Euro (EUR/USD)Prices, Charts, and Analysis EUR/USD seems on track for a second day of gains ECB officials have offered some dovish commentary EUR approaches its medium-term uptrend line

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. . . → Read More: Euro Gains Again Despite More Dovish ECB Commentary

Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off

GBP/USD News and Analysis Bank of England’s Mann concerned by optimistic rate cut estimates Post-FOMC rebound on the cards for GBP/USD? IG client sentiment mixed despite majority net-long positioning Bank of England’s Mann Concerned by Optimistic Rate Cut Estimates

One of the staunch ‘hawks’ within the Bank of England’s Monetary Policy Committee (MPC) . . . → Read More: Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off

Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies

Bitcoin (BTC), Ethereum (ETH), Coinbase (COIN) – Prices, Charts, and Analysis: Bitcoin – Bullish descending channel breakout. Ethereum – Moving higher but still underperforming. Coinbase – Moving higher on increased market turnover.

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. . . → Read More: Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies

Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

Gold Price and Analysis Gold’s backdrop remains positive and may lead to further gains. Retail trader positioning is 50/50.

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Last week’s rally saw gold post a fresh record high before a sharp sell-off left the . . . → Read More: Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts

GBP/USD Price and Analysis GBP/USD edged back above the 1.2600 line. Markets are pretty sure US rates will start to fall in June. US Durable Goods orders will be the next trading hurdle.

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The British Pound . . . → Read More: British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts

Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves

Japanese Yen (USD/JPY) Analysis BoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikes Like clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weakness IG Client sentiment ‘mixed’ despite massive short positioning The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves

Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances

Gold Whipsaws and Signals a Potential Momentum Shift

The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary if economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on . . . → Read More: Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances

US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups

Most Read: U.S. Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF

The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 . . . → Read More: US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups

Oil Update: Russia-Ukraine War Targets Energy Infrastructure

Brent Crude Oil News and Analysis Over 150 missiles and drones fired in latest attack on Ukraine Oil prices ease into the weekend despite attacks on energy infrastructure IG client sentiment focuses on recent changes in positioning to arrive at bearish bias The analysis in this article makes use of chart patterns and key . . . → Read More: Oil Update: Russia-Ukraine War Targets Energy Infrastructure

US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift

US Dollar Index Price and Analysis US The dollar index prints a fresh one-month high. Sterling continues to re-price lower after Thursday’s dovish BoE meeting.

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Get . . . → Read More: US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift

US Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF

Most Read: Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100

Too often, traders get caught up in the herd mentality, buying when prices are rising rapidly and selling in a panic when the market takes a turn to the downside. Contrarian indicators, like IG client sentiment, offer a different perspective. . . . → Read More: US Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF

EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations

EUR/USD News and Analysis

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ECB Officials Eye June Meeting for First Rate Cut, SNB Delivers a Surprise Cut

In spite of the glaring differences between EU and US growth prospects, ECB officials maintain a cautions . . . → Read More: EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations

Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips

GBP/USD Analysis and Charts

BoE unchanged, votes 8-1 to hold rates UK 2-Yr Gilt yield falls by 7bps. GBP/USD back below 1.2750.

?Most Read: Fed on Hold, 2024 Policy Outlook Unchanged

The BoE left the Bank Rate untouched today but MPC voting left a dovish feeling post-decision. At the last meeting, six out . . . → Read More: Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips

Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View

Gold (XAU/USD) Analysis

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The Fed Gave Gold the Green Light after Reaffirming Rate Cut View

The Federal Reserve announced their latest monetary policy statement yesterday alongside the summary of economic projections. The immediate takeaways from . . . → Read More: Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View

Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100

FORECAST – GOLD, EUR/USD, NASDAQ 100 The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this year The dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices and the Nasdaq 100 This article examines the technical outlook for XAU/USD, EUR/USD and the NDX . . . → Read More: Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100

Fed on Hold, 2024 Policy Outlook Unchanged – Gold & US Dollar on the Move

FOMC DECISION – MARCH MEETING The Federal Reserve leaves interest rates unchanged at the end of its March meeting, in line with expectations The 2024 policy outlook remains the same, with the Fed still signaling 75 basis points of easing for the year Gold prices head higher as the U.S. dollar and yields take . . . → Read More: Fed on Hold, 2024 Policy Outlook Unchanged – Gold & US Dollar on the Move

USD/JPY Selloff Continues Ahead of the FOMC Meeting

USD/JPY, Fed Analysis

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Yen Looking Vulnerable Ahead of FOMC and All-Important Dot Plot

The yen continued to weaken against the dollar in the London AM session ahead of the crucial FOMC decision this evening. While . . . → Read More: USD/JPY Selloff Continues Ahead of the FOMC Meeting

UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed

GBP/USD Price, Analysis, and Charts UK CPI fell to 3.4%, beating expectations. Fed rate decision, new dot plot, and press conference now key

?Most Read: British Pound Wilts as Markets Await Both Fed and BoE

According to the latest Office for National Statistics data, UK inflation fell faster than expected in February, pushed . . . → Read More: UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed

Fed Seen Holding Rates Steady; Policy Outlook to Drive Markets, US Dollar

Most Read: Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPY

The Federal Reserve will release its March monetary policy announcement on Wednesday. Consensus estimates overwhelmingly suggest that the institution led by Jerome Powell will hold its benchmark rate unchanged at its current 5.25% to 5.50% range, effectively maintaining the status quo for . . . → Read More: Fed Seen Holding Rates Steady; Policy Outlook to Drive Markets, US Dollar

Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed

Canadian CPI, USD/CAD Analysis Canadian inflation slows more than expected in February – raising USD/CAD Markets bring a potential BoC cut closer while delaying the onset of Fed cuts USD/CAD’s bullish response tapered off but pair heads for channel resistance The analysis in this article makes use of chart patterns and key support . . . → Read More: Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed

British Pound Wilts As Markets Await Both Fed and BoE

British Pound Price and Analysis GBP/USD has slipped below the $1.27 mark The Dollar has gained broad support from suspicions that the Fed The Bank of England isn’t expected to alter policy, but its voting split will be fascinating

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Recommended by David . . . → Read More: British Pound Wilts As Markets Await Both Fed and BoE

Euro Latest – ZEW Economic Sentiment Improves, EUR/USD Hinges on FOMC Decision

EUR/USD Prices, Charts, and Analysis Economic sentiment improves, but current conditions are still weak. Fed decision and narrative will shape EUR/USD direction in the coming days.

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The latest ZEW Financial Market Survey showed a . . . → Read More: Euro Latest – ZEW Economic Sentiment Improves, EUR/USD Hinges on FOMC Decision

Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive

Bank of Japan, USD/JPY News and Analysis BoJ’s hawkish actions accompanied by dovish rhetoric Yen depreciated further after the announcement – USD/JPY back above 150.00 Japanese (10-year) government bond yields ease as BoJ will continue purchases The analysis in this article makes use of chart patterns and key support and resistance levels. For more . . . → Read More: Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive

BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY

Most Read: Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative . . . → Read More: BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY

Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

Most Read: Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?

Gold prices advanced on Monday, but gains were limited in a context of market caution ahead of high-impact events in the coming sessions, including the FOMC announcement on Wednesday. In this context, XAU/USD climbed approximately 0.2% in early afternoon trading . . . → Read More: Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI

Pound Sterling Analysis Sterling in Focus Ahead of Lower Anticipated UK Inflation – BoE up Next

UK inflation, which is due tomorrow and just one day before the Bank of England (BoE) provides an update on monetary policy, is expected to drop notably. This is required for the BoE’s lofty forecast of 2% inflation . . . → Read More: Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI

Euro Higher Despite Market Worries of More Gradualist Fed

Euro (EUR/USD) Price and Analysis EUR/USD holds above 1.08 in a week packed with central bank policy decisions. The near-term uptrend is under pressure, but the longer-term one looks safe enough. June could now be the month in which both the Fed and ECB loosen credit

Learn How to Trade EUR/USD with our Complimentary . . . → Read More: Euro Higher Despite Market Worries of More Gradualist Fed

Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent

Japanese Yen Prices, Charts, and Analysis Current market pricing shows a 44% chance of a 10 basis point rate hike tomorrow. Recent wage negotiations may well give the BoJ confidence to move.

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Tuesday’s BoJ policy . . . → Read More: Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent

Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap

Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap

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The economic data and central bank calendars are packed full next week with a range of potentially market-moving releases. Five central banks will announce their . . . → Read More: Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap

Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?

GOLD PRICE OUTLOOK Gold prices retreated this week but are still up more than 5% in March The Fed’s monetary policy announcement will take center stage in the coming week This article examines XAU/USD’s technical outlook and key price levels

Most Read: EUR/USD Levels Off at Support Ahead of Key Fed Decision – Outlook . . . → Read More: Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?

EUR/USD Levels Off at Support Ahead of Key Fed Decision – Outlook & Analysis

US DOLLAR FORECAST – EUR/USD EUR/USD moves without directional conviction ahead of next week’s FOMC decision The Fed is seen keeping interest rates steady, but there is no consensus on guidance This article looks at EUR/USD’s technical outlook over the coming trading sessions

Most Read: US Dollar Soars on Inflation Risks as Fed Looms; . . . → Read More: EUR/USD Levels Off at Support Ahead of Key Fed Decision – Outlook & Analysis

US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near

US Dollar Price, Analysis, and Charts

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The latest US PPI report showed that wholesale inflation remains sticky, denting the recent disinflation story. US y/y inflation rose 1.6% in February, above market expectations of 0.9% and . . . → Read More: US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near

Japanese Wages Rise to 30-Year High, Fueling BoJ Rate Speculation

USD/JPY News and Analysis Rengo announces highest wage increase in 30 years BoJ maintains longer-term uptrend and prices continue to rise Remaining central banks to meet next week: BoJ, RBA, Fed, BoE The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our . . . → Read More: Japanese Wages Rise to 30-Year High, Fueling BoJ Rate Speculation

US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups

Most Read: British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBP

The U.S. dollar surged on Thursday after a subdued performance in recent days, boosted by soaring U.S. Treasury yields following higher-than-anticipated February’s PPI numbers, released on the heels of Tuesday’s hot CPI report.

Labor market data, showing that the number of Americans . . . → Read More: US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups

IEA Revises Oil Demand Outlook, Tweaks Supply Estimates – Oil Rises

Oil (Brent, WTI) Analysis IEA projects improved oil outlook for 2024, contingent upon OPEC+ cuts into year end Brent crude oil surpasses $85 a barrel WTI crude oil breaks above prior level of resistance to trade at a 3-month high The analysis in this article makes use of chart patterns and key support and . . . → Read More: IEA Revises Oil Demand Outlook, Tweaks Supply Estimates – Oil Rises

Gold Price Coils Further, Silver Hits a Multi-Week High

Gold (XAU/USD) and Silver (XAG/USD) Price, Analysis and Chart

Gold trading on either side of $2,165/oz. but a break may be near. Silver prints a fresh three-month high.

Most Read: Euro Slides Against Perky Dollar as US Inflation Springs Upside Surprise.

The latest US PPI data – wholesale inflation – came in above . . . → Read More: Gold Price Coils Further, Silver Hits a Multi-Week High

Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support

Japanese Yen (USD/JPY) Price and Charts USD/JPY ticks up again However it remains close to two months lows Next week’s BoJ policy meet could provide some unusual excitement

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. . . → Read More: Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support

EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer

EUR/USD News and Analysis ECB member favours multiple rate cuts ahead of the summer EUR/USD flirts with familiar zone of resistance More ECB speakers scheduled today as event risk quietens down The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive . . . → Read More: EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer

US Dollar Seeks Fed Signals in PPI, Retail Sales Data – EUR/USD, USD/JPY Setups

US DOLLAR FORECAST – EUR/USD, USD/JPY The U.S. dollar slides but rising U.S. yields keep losses contained U.S. PPI and retail sales data on Thursday will steal market’s attention This article examines the outlook for EUR/USD and USD/JPY

Most Read: Euro Outlook & Market Sentiment Analysis – EUR/USD, EUR/GBP & EUR/JPY

The U.S. dollar . . . → Read More: US Dollar Seeks Fed Signals in PPI, Retail Sales Data – EUR/USD, USD/JPY Setups

Bitcoin (BTC) and Ethereum (ETH) Rally Further – Where to Next?

Bitcoin (BTC), Ethereum (ETH) – Prices, Charts, and Analysis: Bitcoin posts a fresh all-time high. Ethereum continues to rally but still lags Bitcoin.

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Bitcoin continues to press higher, making fresh all-time highs . . . → Read More: Bitcoin (BTC) and Ethereum (ETH) Rally Further – Where to Next?

Crude Oil Prices Pop Up On Bullish OPEC Demand Calls

Crude Oil Prices and Analysis US benchmark crude is closing in on $79/barrel again OPEC has stuck with its relatively bullish medium-term demand forecasts US stockpiles unexpectedly shrank last week

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. . . → Read More: Crude Oil Prices Pop Up On Bullish OPEC Demand Calls

British Pound Update – GDP Picks Up in January, GBP Unchanged, FTSE Tests Resistance

GBP/USD and FTSE 100 Analysis and Charts UK economy expands by 0.2% in January, GBP/USD remains below 1.2800. FTSE 100 bumping into multi-month resistance.

?Most Read: British Pound Latest: UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher

According to the latest Office for National Statistics data, the UK economy expanded by . . . → Read More: British Pound Update – GDP Picks Up in January, GBP Unchanged, FTSE Tests Resistance

US Dollar Forecast: Hot US Inflation Data Drives USD/JPY Higher. What Now?

USD/JPY FORECAST USD/JPY rallies on Tuesday after a poor performance over the past few trading sessions Hotter-than-expected U.S. consumer price index data reinforces the U.S. dollar’s rebound For greater clarity on the inflation outlook, traders should watch the upcoming PPI report

Most Read: US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, . . . → Read More: US Dollar Forecast: Hot US Inflation Data Drives USD/JPY Higher. What Now?

Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise

Euro (EUR/USD) Analysis and Charts US consumer prices rose by 3.2% last month, a tick ahead of forecasts Core inflation edged down but, again, beat consensus EUR/USD slipped again, continues to drift lower

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How to Trade . . . → Read More: Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise

US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, Gold Drifts

US Dollar Analysis and Charts US inflation nudges higher in February. US rate cut expectations remain the same with June the probable start date.

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The latest US inflation report showed headline price pressures building . . . → Read More: US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, Gold Drifts

British Pound Latest – UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher

GBP/USD and FTSE 100 Analysis and Charts UK unemployment rises to 3.9%. Data unlikely to move the dial on future interest rate cuts. FTSE 100now pressing against a zone of multi-month resistance.

?Most Read: Markets Week Ahead – Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

Recommended by Nick . . . → Read More: British Pound Latest – UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher

US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?

US CPI PREVIEW – GOLD, US DOLLAR, STOCKS The February’s U.S. inflation report will steal the spotlight on Tuesday morning Any deviation of the official data from market expectations could trigger volatility This article discusses possible scenarios for gold, the U.S. dollar and stocks

Most Read: US Dollar Gains Before US Inflation, Volatility . . . → Read More: US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?

US Dollar Gains Before US Inflation, Volatility Ahead – Setups on EUR/USD, USD/JPY

US DOLLAR FORECAST – EUR/USD, USD/JPY U.S. dollar finds stability and rebounds modestly on Monday after a sharp sell-off last week The upcoming U.S. inflation report will play a pivotal role in shaping the market’s near-term trajectory. This article focuses on the technical outlook for EUR/USD and USD/JPY

Most Read: US Dollar Forecast – . . . → Read More: US Dollar Gains Before US Inflation, Volatility Ahead – Setups on EUR/USD, USD/JPY

British Pound Update, GBP/USD Near Multi-Month Highs, EUR/GBP Eyes New Lows

GBP/USD and EUR/GBP Analysis and Charts Fed and ECB seen cutting rates in June, BoE in August. Rate differentials will support Sterling against the USD and Euro.

?Most Read: Markets Week Ahead – Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

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Japanese Yen Gains Again As Dollar Wilts, BoJ Policy in the Spotlight

Japanese Yen Analysis, Price, and Charts USD/JPY slides to two-month lows Broad Dollar weakness is especially clear in USD/JPY Could the end of ultra-loose Japanese monetary policy be in sight?

The Japanese Yen continued a strong run of gains against the United States Dollar on Monday as the monetary stars in both Japan . . . → Read More: Japanese Yen Gains Again As Dollar Wilts, BoJ Policy in the Spotlight

US Dollar Weakness Persists, Bitcoin Hits a New All-Time High, Gold Consolidates

US Dollar, Bitcoin, Gold Analysis and Charts

A quiet start to the week across most markets ahead of Tuesday’s US CPI release, although Bitcoin is soaring to a fresh record high.

US dollar quiet ahead of Tuesday’s US inflation report. Bitcoin soars to a new all-time high. Gold consolidates recent hefty gains.

. . . → Read More: US Dollar Weakness Persists, Bitcoin Hits a New All-Time High, Gold Consolidates

Markets Week Ahead: Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

Market Wrap and Week Ahead – w/c March 11th

Recent commentary from ECB President Christine Lagarde and Federal Reserve Chairman Jerome Powell suggest that both central banks are looking to start a series of interest rate cuts in June.

In his testimony to the Senate Banking Committee on Thursday, Fed Chair Jerome Powell indicated . . . → Read More: Markets Week Ahead: Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

US Dollar Forecast: US CPI to Spark Next Big Move – EUR/USD, USD/JPY, GBP/USD

US DOLLAR OUTLOOK – EUR/USD, GBP/USD, USD/JPY The U.S. dollar retreated sharply this past week, pressured by falling U.S. Treasury yields However, the tide may turn in the greenback’s favor if upcoming U.S. CPI data tops estimates February’s U.S. inflation numbers will be released on Tuesday morning

Most Read: USD/JPY Sinks on Bets BoJ . . . → Read More: US Dollar Forecast: US CPI to Spark Next Big Move – EUR/USD, USD/JPY, GBP/USD

Euro Weekly Forecast: Gains Look Vulnerable in Week of Modest Data

Euro Forecast: Bearish EUR/USD has risen consistently since mid-February Markets think the Fed will cut rates first, a scenario which favors Euro bulls This week might see consolidation if not necessarily heavy falls for EUR/USD

Most Read: USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus

The euro has . . . → Read More: Euro Weekly Forecast: Gains Look Vulnerable in Week of Modest Data

USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus

Most Read: US Dollar Falls Further After US NFP Beat but January Number Revised Sharply Lower

USD/JPY extended losses and sank to its lowest level since early February on Friday, supported by speculations that the Fed may be closer to getting greater confidence that inflation is on a sustained path towards the 2.0% target . . . → Read More: USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in Focus

US Dollar Falls Further After US NFP Beat But January Number Revised Sharply Lower

US Dollar Price and Charts NFP revision sends the US dollar lower. Unemployment rate rises, average monthly earnings fall.

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The headline NFP number beat market expectations by a healthy margin but this was more . . . → Read More: US Dollar Falls Further After US NFP Beat But January Number Revised Sharply Lower

Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks

Ethereum (ETH) Prices, Charts, and Analysis: Ethereum eyes $4k ‘big figure’ technical resistance. ETH/BTC spread closes in on prior resistance.

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Ethereum has rallied by over 80% since the January 23rd low print . . . → Read More: Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks

US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near

US Dollar, Gold, and Bitcoin Analysis, Prices, and Charts Fed and ECB are confident, but not confident enough yet to start cutting rates. Gold continues to rally, Bitcoin primed for another ATH US NFPs the next driver of price action.

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Get Your Free USD Forecast . . . → Read More: US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near

US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar and financial markets will be very sensitive to the upcoming U.S. jobs report February’s nonfarm payrolls data could guide the timing of the Fed’s easing cycle This article discusses the technical outlook for EUR/USD, USD/JPY and GBP/USD

Most Read: Gold Price Forecast – US . . . → Read More: US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups

Gold Price Forecast: US Jobs Data to Energize Rally or Squash It, Possible Scenarios

Most Read: Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

Gold prices shattered records this week, topping $2,150 an ounce. This vigorous rally has been fueled by a weakening U.S. dollar and falling Treasury yields on wagers that the Federal Reserve could start slashing borrowing costs earlier than suggested by . . . → Read More: Gold Price Forecast: US Jobs Data to Energize Rally or Squash It, Possible Scenarios

Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged

EUR/USD Prices, Charts, and Analysis EUR/USD edges back below 1.0900 after ECB policy decision. US NFPs are the next driver of EUR/USD price action.

The European Central Bank kept all three key interest rates unchanged at today’s meeting, in line with market expectations. The central bank also released revised staff projections inflation and . . . → Read More: Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged

Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

Japanese Yen (USD/JPY) Analysis, Prices, and Charts USD/JPY is especially weak, even as the Dollar gets a broad bashing Reports suggest the Bank of Japan is moving closer to abandoning ultra-loose monetary policy It’s important to remember that these hopes have been dashed before

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. . . → Read More: Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

US Dollar Analysis, Price, and Chart Fed Chair Powell remains positive but data dependent. US Dollar Index drifts lower and now looks to Friday’s NFP report for guidance. Gold posts a fresh record high.

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. . . → Read More: US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY

Most Read: US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

The European Central Bank’s Thursday meeting is likely to be a subdued affair, with markets widely expecting interest rates to remain unchanged for the fourth consecutive gathering. For this reason, investors should closely monitor President Lagarde’s press conference – her . . . → Read More: Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY

US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

Most Read: GBP Update – Hunt Decides on National Insurance Reduction Over Tax Cuts

The U.S. dollar trended lower on Wednesday, pressured by falling U.S. Treasury rates. This occurred despite Federal Reserve Chair Jerome Powell indicating during his Semiannual monetary policy report to Congress that policymakers are in no rush to start lowering borrowing . . . → Read More: US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts

UK Spring Statement and Sterling Updates

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Hunt Confirms Additional 2 Percent Cut to NI Contributions, No Tax Cut

There has been a large degree of political importance surrounding what is essentially a pre-election budget – with . . . → Read More: GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts

Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

Euro (EUR/USD) Price, Analysis, and Chart

• EUR/USD looks more comfortable above 1.08

• The ECB is expected to remain ‘in no hurry’ to lower record-high borrowing costs

• Fed Chair Jerome Powell is off to Congress for scheduled testimony

The Euro rose against the United States Dollar yet again on Wednesday and seems . . . → Read More: Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

Gold Price Latest: All-Time High Remains Within Touching Distance

Gold (XAU/USD) Price Analysis and Chart Gold readying for another shot at the December 4th spike high. Will Chair Powell give anything away later today?

Most Read: Silver Tumbles Back Into Multi-Month Support Zone

Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a . . . → Read More: Gold Price Latest: All-Time High Remains Within Touching Distance

Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower

Bitcoin (BTC) Prices, Charts, and Analysis: Bitcoin prints a new ATH then slumps by $5k Crypto-relates stocks suffer reversals of differing degrees.

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The Next Bitcoin Halving Event – What Does it Mean?

. . . → Read More: Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower

S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

S&P 500, Nasdaq News and Analysis S&P 500 gaps lower, lead by moves lower in Apple, Tesla and AMD. Nvidia holding firm Massive sales drop adds to negative sentiment after Apple fined $2 billion Tesla sinks after the EV maker experienced poor Chinese sales and a factory fire The analysis in this article makes . . . → Read More: S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

Crude Oil Prices Struggle As China Growth Plans Fail to Convince

Crude Oil (WTI) Main Talking Points: US Crude still doesn’t look comfortable above $80/barrel Its overall uptrend remains in place, however This week will bring its share of event risk

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Crude Oil prices fell initially on . . . → Read More: Crude Oil Prices Struggle As China Growth Plans Fail to Convince

Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

Japanese Yen Prices, Charts, and Analysis

Rising inflation and wage pressures seen. USD/JPY upside is limited.

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In an interview with Reuters earlier today, Japan’s Deputy Chief . . . → Read More: Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

Gold (XAU/USD) Analysis Gold Prices Surge Ahead of Key US Economic Data

Gold continues to build on gains over the last two trading sessions where the precious metal rose just under 3.5%, or by $70. Gold prices are not far from the all-time high reached in December of last year and the recent uptick . . . → Read More: Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers

Nasdaq 100 (US Tech) Analysis Historically, March presents a tricky month for the Nasdaq in an election year but tends to witness impressive full year gains Nasdaq posts a slow start to the week ahead of economic data Major risk events in the week that lies ahead: services PMI, Fed talk and NFP The . . . → Read More: Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

USD/JPY FORECAST USD/JPY trades higher on Monday, supported by rising U.S. Treasury yields The week is marked by high-impact events that could trigger market volatility Powell’s testimony before Congress and the NFP report will take center stage

Most Read: Gold Breaks Out, EUR/USD Eyes ECB; Powell, BoC & NFP in Focus

USD/JPY climbed upwards . . . → Read More: USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

Oil (Brent Crude, WTI) News and Analysis OPEC+ extends supply cuts for Q2, Russia forced into further cuts Brent crude oil starts the week on the back foot despite extra Russian cuts WTI oil signals bullish fatigue as prices pullback towards key level The analysis in this article makes use of chart patterns and . . . → Read More: Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

British Pound Gains Again Despite UK Spring Budget Jitters

British Pound (GBPUSD) Anlysis, Prices, and Chart Sterling is up against a generally weaker Dollar. Wednesday’s Spring Budget is the week’s big UK event There’s plenty of meat on the USD side too though, so it could be a volatile week.

Learn how to trade GBP/USD with our free guide

Recommended . . . → Read More: British Pound Gains Again Despite UK Spring Budget Jitters

Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

Gold (XAU/USD) Price Analysis and Chart Gold rallies after US data miss. Gold trades in heavily overbought territory.

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Most Read: Silver Tumbles Back Into Multi-Month . . . → Read More: Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

Most Read: Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

This week promises a healthy dose of potential market volatility, driven by a lineup of high-impact events from central bank decisions to the all-important U.S. jobs report. Let’s break down some of the key catalysts to watch in the days ahead:

. . . → Read More: Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

GOLD PRICE OUTLOOK: Gold prices (XAU/USD) rally vigorously, reaching their highest level since late December However, these gains might be at risk of reversal next week if U.S. jobs data surprises higher The February U.S. nonfarm payrolls report is scheduled to be released on Friday morning

Most Read: USD/JPY Recovers on Ueda’s Dovish Remarks, . . . → Read More: Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels Ahead

Most Read: Gold Price Outlook – Fundamentals & Technicals at Odds, What Now for XAU/USD?

The yen posted small losses against the U.S. dollar on Friday, after a positive performance in the previous session, weighed down by comments by Bank of Japan’s Governor Kazuo Ueda indicating that inflation in the country is ebbing . . . → Read More: USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels Ahead

Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again

EUR/USD Prices and Analysis EU inflation moves lower but misses forecasts. EUR/USD testing the 1.0800 level again.

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Euro Area core inflation fell for the 7th straight month, data from Eurostat showed earlier, but missed . . . → Read More: Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again

Japanese Yen Outlook: Yen Appeal Proves Short-lived, Wage Data in Focus

Japanese Yen (USD/JPY, EUR/JPY) Analysis

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USD/JPY Surrenders Prior Gains Ahead of the Weekend

USD/JPY is back above the 150.00 marker just one day after encouraging comments from BoJ board member Hajime called for a change in . . . → Read More: Japanese Yen Outlook: Yen Appeal Proves Short-lived, Wage Data in Focus

Gold Price Outlook: Fundamentals & Technicals at Odds, What Now for XAU/USD?

Most Read: Japanese Yen Analysis & Setups – USD/JPY, EUR/JPY, GBP/JPY; Breakdown Ahead?

Gold prices (XAU/USD) climbed on Thursday, pushing past the $2,040 threshold and reaching their highest level since early February at one point during the trading session, although gains seemed to be capped by a strengthening U.S. dollar.

The precious metal’s positive . . . → Read More: Gold Price Outlook: Fundamentals & Technicals at Odds, What Now for XAU/USD?

Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPY – Breakdown Ahead?

JAPANESE YEN FORECAST – USD/JPY, EUR/JPY, GBP/JPY The Japanese yen rallies following verbal intervention by Japan’s top FX diplomat However, a sustained recovery is unlikely to materialize until the Bank of Japan abandons its ultra-dovish stance This article discusses the technical outlook for USD/JPY, EUR/JPY and GBP/JPY

Most Read: US Dollar Slips after Core . . . → Read More: Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPY – Breakdown Ahead?

Gold Prices Rise As PCE Data Show Inflation Decelerating As Hoped

Gold Price and Analysis Gold prices have topped $2050 for the first time since February 2 Both headline and Core PCE inflation readings came in lower, as forecast Hopes for lower rates in the year’s second half remain intact

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Recommended by David . . . → Read More: Gold Prices Rise As PCE Data Show Inflation Decelerating As Hoped

US Dollar Slips after Core PCE meets Expectations, USD still needs a Driver

US Dollar Index Price and Analysis Core PCE at 2.8% in line with market forecasts. Dollar Index finding support from the 200-day simple moving average.

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For all economic data releases and events see the . . . → Read More: US Dollar Slips after Core PCE meets Expectations, USD still needs a Driver

Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall

Dow drifts down

The index continues to edge lower, surrendering some of yesterday’s recovery from the lows.

In the short-term, we may finally see a test of the still-rising 50-day simple moving average, something that has not happened since the rally began in October. Before this the price may find support at the rising . . . → Read More: Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall

EUR/USD Rests Upon Long-Term Trend Filter Ahead of Key Inflation Data

EUR/USD News and Analysis

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German Unemployment Rate Ticks Higher

The country dubbed ‘the sick man of Europe’ has noted a slow but steady rise in unemployment as the continent’s largest economy sheds more jobs. In . . . → Read More: EUR/USD Rests Upon Long-Term Trend Filter Ahead of Key Inflation Data

Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk

USD/JPY Analysis, Charts, and Prices

Japanese Yen Prices, Charts, and Analysis

Verbal central bank intervention boosts the Japanese Yen. US PCE (13:30 UK) will be the next driver of US dollar price action.

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. . . → Read More: Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk

Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USD

Most Read: British Pound Technical Analysis & Trade Setups: GBP/USD, EUR/GBP, GBP/JPY

The U.S. dollar edged higher today, but displayed measured strength amid subdued U.S. Treasury yields. A sense of caution permeated markets as traders anxiously awaited the looming release of the core PCE deflator, the Federal Reserve’s preferred inflation gauge. This economic report . . . → Read More: Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USD