Most Read: US Inflation Jumps, Rate Cut Expectations Pared Back Sharply, Gold Slides

The U.S. dollar rallied vigorously on Wednesday, fueled by hotter-than-expected U.S. inflation numbers. This upswing propelled USD/JPY to fresh 2024 highs and to its strongest level since 1990. For context, the March Consumer Price Index report revealed a persistent inflationary environment . . . → Read More: US Dollar Soars after US CPI Data; USD/JPY Stages Bullish Breakout. What Now?

In the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention from traders worldwide in recent years. These pairs, which involve currencies from developing economies, offer a unique blend of volatility and potential returns. Among the diverse array of options available, several emerging market forex pairs stand out for . . . → Read More: Trading Emerging Market Forex Pairs – USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNH

Euro (EUR/USD, EUR/GBP) Analysis US CPI forces markets to recalibrate rate cut expectations US CPI beat sends EUR/USD lower – next level of support at 1.0700 EUR/GBP trades within familiar range Get your hands on the EURO Q2 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar: . . . → Read More: Euro Outlook: EUR/USD, EUR/GBP Price Setups Ahead of the ECB

US Dollar Analysis and Charts US headline inflation y/y rises to 3.5% in March from 3.2%. June rate cut priced out, July cut now just seen at 40%.

For all major central bank meeting dates, see the DailyFX Central Bank Calendar

You can download our free Q2 US Dollar Technical and Fundamental Forecasts . . . → Read More: US Inflation Jumps, Rate Cut Expectations Pared Back Sharply, Gold Slides

Navigating Volatile Markets

Financial market traders often embrace volatility because it presents opportunities for significant profits, albeit with higher risks. Volatility refers to the degree of variation in the price of a financial instrument over time. When markets are volatile, prices fluctuate rapidly, creating potential for traders to capitalize on short-term price movements. Here’s . . . → Read More: Navigating Volatile Markets: Strategies and Tools for Traders

The U.S. Bureau of Labor Statistics will release March CPI data on Wednesday morning Another hot inflation report could shake the Fed’s monetary policy outlook, delaying rate cuts The U.S. dollar and stocks will be very sensitive to consumer price index results

Most Read: Gold Price Outlook – Drivers Behind Market Boom, Reversal . . . → Read More: US Inflation Preview: US Dollar & Stocks on Edge. How to Trade this Risk Event?

Most Read: The Federal Reserve Bank: A Forex Trader’s Guide

The Federal Open Market Committee (FOMC) minutes, released a few weeks after each policy meeting, offer traders valuable insights into the U.S. central bank’s thinking. These minutes can have a significant impact on the U.S. dollar and gold prices. Here’s a strategy guide . . . → Read More: FOMC Minutes: Strategies to Trade USD FX Pairs and Gold

Gold Hits Yet Another All-Time High, Silver Surges Ahead of US CPI

Teaser: Precious metals soar, with gold printing another new high and silver picking up where it left off last week. Prices appear immune to warnings of delayed rate cuts

Gold (XAU/USD), Silver (XAG/USD) Analysis Markets eying FOMC minutes and US inflation data . . . → Read More: Gold Hits Yet Another All-Time High, Silver Surges Ahead of US CPI

Japanese Yen Prices, Charts, and Analysis Verbal intervention is not strengthening the Japanese Yen. Official intervention may now be needed to move the dial.

You Can Download our Brand New Q2 Japanese Yen Trading Guide for free to help you make more rounded decisions

Recommended by Nick Cawley

Get . . . → Read More: Japanese Yen Nears a Multi-Decade Low, Will Talk Turn to Action?

US Dollar (DXY), Treasuries News and Analysis US CPI data in focus as a potential re-acceleration in prices gains traction USD eases ahead of CPI – bullish outlook still constructive Treasury yields trend higher suggesting USD may have to play catch up if we see hotter data Elevate your trading skills and gain a . . . → Read More: US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising

Most Read: US Dollar on Defense Before Key US CPI Data – Setups on EUR/USD & USD/JPY

Gold has soared and hit one record after another this year, with the bulk of the bullish move taking place over the course of the past two months. During this upswing, the typical negative relationship between . . . → Read More: Gold Price Outlook: Drivers Behind Market Boom, Reversal or New Record Ahead?

Most Read: US Dollar on Defense Before Key US CPI Data – Setups on EUR/USD & USD/JPY

EUR/USD, the most heavily traded currency pair in the forex market, provides a wealth of attractive opportunities for retail traders. Its unparalleled popularity and deep liquidity create a dynamic environment where numerous strategic approaches can thrive. . . . → Read More: EUR/USD: Top 10 Trading Strategies for Different Market Conditions

Most Read: Kiwi and Aussie Outlook Ahead of the RBNZ Meeting

The U.S. dollar, as measured by the DXY index, traded moderately lower on Monday, but moves were measured amid market caution ahead of a high-impact event on Wednesday on the U.S. economic calendar that could bring increased volatility: the release of the March . . . → Read More: US Dollar on Defense Before Key US CPI Data – Setups on EUR/USD & USD/JPY

RBNZ, AUD, NZD Analysis RBNZ expected to keep OCR unchanged as inflation remains stubbornly high NZD/USD pullback meets its first challenge Aussie tests major resistance after phenomenal run vs the Kiwi Get your hands on the AUD Q2 outlook today for exclusive insights into key market catalysts that should be on every trader’s . . . → Read More: Kiwi and Aussie Outlook Ahead of the RBNZ Meeting

Bitcoin (BTC), Coinbase (COIN) – Prices, Charts, and Analysis:

Bitcoin is set to print a new all-time high, possibly this week. Bitcoin halving event expected on April 19th. Coinbase is benefitting from a buoyant cryptocurrency market.

See our brand new Q2 Technical and Fundamental Bitcoin Report

Recommended by Nick Cawley . . . → Read More: Bitcoin (BTC) Nears New All-Time High as Halving Event Looms, Coinbase (COIN) Benefits

The week ahead presents many ‘high importance’ risk events ranging from US CPI data to central bank decisions in Canada, New Zealand and the European Union. The FOMC minutes of the March meeting will also provide more insight on Fed thinking, although, the trend of hotter US data may diminish the impact of what . . . → Read More: Markets Week Ahead: Gold, US Dollar, Euro, Pound Sterling

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar finishes the week moderately lower, easing off multi-month highs All eyes will on the March U.S. inflation report in the week ahead This article discusses the technical outlook for EUR/USD, USD/JPY and GBP/USD

Most Read: USD/JPY Tiptoes Towards Bullish Breakout after Strong US Jobs . . . → Read More: US Dollar’s Outlook Rides on US Inflation Data – EUR/USD, USD/JPY, GBP/USD

Most Read: Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs

USD/JPY advanced on Friday (+0.22% to 151.60), inching closer to horizontal resistance at 152.00 after strong U.S. jobs data boosted U.S. Treasury yields across the curve. For context, the latest employment report showed that U.S. employers added 303,000 workers . . . → Read More: USD/JPY Tiptoes Towards Bullish Breakout after Strong US Jobs Data. What Now?

US Dollar and Gold Analysis and Charts US NFPs – 303k vs 200k expectations and a revised lower 270k February print. Gold sheds $10/oz. post-release as the US dollar turns higher.

You can download our brand new Q2 US Dollar Forecast below:

Recommended by Nick Cawley

Get Your . . . → Read More: US NFPs Trump Expectations, US Dollar Grabs a Bid, Gold Slips But Retains Haven Support

Oil (Brent, WTI) News and Analysis OPEC sticks to Q2 supply agreement as US Cushing storage declines – oil bid Brent, WTI find momentary resistance but the bullish posture remains intact Find out what our analysts envision for the oil market in the second quarter by reading out full Q2 oil forecast:

. . . → Read More: Brent Crude Prices Hit $90 as Geopolitical Tensions Flare up

Japanese Yen Prices, Charts, and Analysis

USD/JPY remains near multi-decade high despite official warning. US NFPs may prompt BoJ intervention.

Download our Complimentary Japanese Yen Q2 technical and Fundamental Forecasts below:

Recommended by Nick Cawley

Get Your Free JPY Forecast

Get My Guide

The Japanese Yen . . . → Read More: Japanese Yen (USD/JPY) On Edge After Official Verbal Intervention, NFPs Next

Most Read: US Jobs Report Preview: Market Impact Analysis; Setups on USD/JPY, Gold Prices

Breakout trading is a popular strategy that seeks to profit from sudden, powerful price movements that breach established price ranges. Traders watch for assets consolidating within a well-defined range, often signaled by chart patterns like triangles or channels. When the . . . → Read More: EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation

EUR/USD, USD/JPY, and GBP/USD are among the most heavily traded currency pairs in the forex market. Each pair boasts unique characteristics and dynamics, demanding tailored trading approaches. Here’s a breakdown of how to tackle these majors:

Unlock exclusive strategies and expert advice for trading EUR/USD by downloading our comprehensive guide.

. . . → Read More: Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs

Most Read: US Jobs Report Preview – Market Impact Analysis; Setups on USD/JPY, Gold Prices

Trading in financial markets can be rewarding, but it’s also fraught with risks. Many beginners, and even experienced traders, often fall into common traps that can lead to losses. Understanding and avoiding these mistakes is crucial for long-term . . . → Read More: Common Mistakes to Avoid when Trading Forex or Any Other Assets

US NONFARM PAYROLLS – USD/JPY, GOLD The U.S. dollar and gold prices will be very sensitive to the upcoming U.S. jobs report Market expectations suggest the U.S. economy created 200,000 payrolls in March Strong job growth should be positive for the U.S. dollar but bearish for gold prices

Most Read: Decoding Fedspeak: How Central . . . → Read More: US Jobs Report Preview: Market Impact Analysis; Setups on USD/JPY, Gold Prices

Japanese Yen (USD/JPY) Analysis and Charts USD/JPY is stuck in a narrow range The 152.00 level seems to be acting as a cap A strong US payrolls print might force the pace

Download our brand new Q2 Japanese Yen guide for free:

Recommended by David Cottle

Get Your . . . → Read More: More Japanese Yen Weakness May Prompt the Bank of Japan To Step In

Gold Price Analysis and Chart

Download our brand new Q2 Gold Forecast

Recommended by Nick Cawley

Get Your Free Gold Forecast

Get My Guide

Most Read: Gold Breakout Nears as Bullish Pennant Pattern Forms

Wednesday’s US Services ISM data sent the US dollar lower, and gold . . . → Read More: Gold Posts a Fresh All-Time High Above $2,300 as US NFPs Near

With Q1 posting a strong showing for US equities, find out if the second quarter is likely to perform in much the same way by reading our comprehensive Q2 equities forecast:

Recommended by Chris Beauchamp

Get Your Free Equities Forecast

Get My Guide

Dow holds trendline . . . → Read More: Dow, Nasdaq 100 and Hang Seng Look to Push Higher

Euro (EUR/USD, EUR/CHF) News and Analysis Lower eurozone inflation points to June ECB rate cut EUR/USD lifts after dovish Fed speak and subdued US activity data EUR/CHF rises to significant level of resistance For further euro insight throughout the second quarter, read our comprehensive euro Q2 forecast:

Recommended by Richard Snow . . . → Read More: Euro Update: Weaker US Activity Data Helps the Euro Reclaim Lost Ground

In the world of finance, words can sometimes be as powerful as actions. Known as “Fedspeak”, the speeches, statements, and even subtle remarks made by key figures within the Federal Reserve can cause significant ripples or even tidal waves across global markets. Understanding this phenomenon is crucial for traders seeking to navigate the . . . → Read More: Decoding Fedspeak: How Central Banker Comments Move Markets – Gold & US Dollar

Most Read: Euro Forecast and Sentiment Analysis – EUR/USD, EUR/CHF, EUR/GBP, EUR/JPY

The U.S. dollar moved lower on Wednesday, pressured by a combination of weaker-than-expected economic figures and dovish signals from Federal Reserve Chair Jerome Powell. After a volatile day, the DXY index slumped 0.48%, retreating further from the multi-month highs set on Tuesday . . . → Read More: US Dollar Sinks on Weak Data & Powell’s Remarks, Jobless Claims Eyed Before NFP

Pound Sterling (GBP/USD, EUR/GBP) Analysis Enough US data to go around this week: ADP, services PMI and NFP GBP/USD bounces after disappointing US services PMI data sends USD lower GBP/CHF attempts to find resistance as the pair recovers from overbought territory See what our analysts forecast for sterling in the second quarter by reading . . . → Read More: Pound Sterling Update: GBP/USD Lifts Higher, GBP/CHF Treads Carefully

US Crude Oil Prices and Analysis US crude is back close to five-month highs Better economic data from China, and the US have buoyed hopes of a more balanced oil market OPEC and Jerome Powell will top Wednesday’s bill

Download our Brand New Q2 Oil Forecast below:

Recommended by David Cottle . . . → Read More: US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put

Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks

The second quarter of the year looks set to bring renewed volatility to a wide range of asset classes as a slew of central banks look set to pull the trigger on interest rate cuts.

For all market-moving economic data and events, . . . → Read More: Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks

Gold (XAU/USD) News and Analysis Geopolitical tensions add to gold’s allure despite rise in the dollar, US yields Gold breaks another all-time high with the psychological $2300 marker in sight See what our analysts foresee for gold in the second quarter by reading our fresh Q2 Gold Forecast:

Recommended by . . . → Read More: Gold Price Achieves Another All-Time High as Safe Haven Appeal Ramps up

US DOLLAR OUTLOOK – EUR/USD, USD/JPY, USD/CAD U.S. dollar, via the DXY index, eases off multi-month highs as global yields soar The spotlight this week will be the release of the March U.S. jobs report This article explores the technical outlook for EUR/USD, USD/JPY and USD/CAD

Most Read: US Dollar Rallies, EUR/USD Slumps, Gold . . . → Read More: US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD

Brent, WTI Crude Oil News and Analysis Drone strike hits Russian oil infrastructure and Israel hits Iranian targets in Syria OPEC’s JMMC meeting unlikely to result in any changes Oil prices rise, testing levels of support in oversold territory See what our analysts foresee for oil prices in the second quarter via our . . . → Read More: Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East

British Pound (GBP/USD) Analysis and Charts GBP/USD edged back into the green Tuesday The UK’s March PMI saw upward revision, signaling the first growth in twenty months The rest of the week’s trading cues will be heavily US-centric

Download our Brand New Q2 British Pound Forecast

Recommended by David Cottle

. . . → Read More: British Pound Bounces As Manufacturing Scrapes Back Into Growth

US Dollar, EUR/USD, Gold – Prices and Analysis

The US dollar is trading at a multi-month high after data showed that inflation in the US is creeping higher. Despite higher US Treasury yields, gold continues to eye a fresh record high.

US dollar strength is visible across a range of FX pairs. Gold prints . . . → Read More: US Dollar Rallies, EUR/USD Slumps, Gold Continues to Push Ever Higher

Most Read: SPY and QQQ Seem Overbought but RSP Looks Attractive

Market psychology can be a powerful force, often leading the retail crowd to follow the herd. However, experienced traders recognize the potential for profitable opportunities by going against the grain: doing the opposite of what most people are currently doing. Contrarian indicators, like . . . → Read More: Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD, NZD/USD Biased Lower

After a blazing start to 2024, led by AI-fueled tech enthusiasm and the Fed’s dovish pivot, U.S. stocks might have further room to run. However, high valuations demand that traders and investors alike become more selective. For equity index traders, this means looking beyond the S&P 500 (SPY) and Nasdaq 100 (QQQ), which are . . . → Read More: SPY and QQQ Seem Overbought but RSP Looks Attractive

The Bank of England (BoE) turned dovish in the past few days and this means that a UK interest rate cutting cycle is on the way, and perhaps sooner than financial markets originally anticipated.

BoE Governor Andrew Bailey recently communicated that UK interest rate cuts are on the way as inflation continues to . . . → Read More: Q2 Top Trade – Sell 10 Year UK Gilt Yields

Central banks have had their say for Q1 and there were arguably two surprises, both from central banks that have deployed negative interest rates in the recent past. The Bank of Japan decided to exit negative rates and the Swiss National Bank (SNB), in a surprise decision, voted to cut their benchmark interest rate . . . → Read More: Top Trading Idea Q2 2024: Long USD/CHF

Most Read: Euro Outlook – Market Sentiment Signals for EUR/USD, EUR/GBP, EUR/JPY

The first quarter of 2024 wrote a chapter in market history. Relentless AI hype propelled tech-heavy indices to dizzying new heights, with giants like Nvidia, Alphabet, and Microsoft riding the wave of investor euphoria.

Additionally, expectations regarding Federal Reserve’s monetary policy outlook . . . → Read More: Markets Q2 Outlook: Gold, Stocks, Bitcoin, US Dollar, Euro, Pound, Yen. What’s Ahead?

US Economy Moderates but Remains a Standout Amongst its Peers

The US economy, according to the latest data from the Atlanta Fed’s GDP Now forecast, is projected to grow by 2.1% in Q1, after growing 3.2% in Q4 of 2023 and a massive 4.9% the quarter before that. While growth is clearly moderating, it . . . → Read More: US Dollar Q2 Forecast: Dollar to Push Forward as Major Central Banks Eye Rate Cuts

This article provides an in-depth examination of the fundamental outlook for gold prices in the second quarter, examining critical market themes and key drivers that could play a pivotal role in shaping the precious metal’s trajectory. For a holistic view that includes technical analysis, download the full Q2 forecast.

Recommended by . . . → Read More: Gold Q2 Fundamental Forecast: In Neutral Waters – Neither Bullish nor Bearish

This article is dedicated to providing a detailed analysis of the technical outlook for Bitcoin, Ethereum, and Solana. For those interested in delving into the fundamental prospects of key cryptocurrencies, be sure to download our comprehensive Q2 trading guide!

Recommended by Nick Cawley

Get Your Free Bitcoin Forecast . . . → Read More: Cryptocurrencies Q2 Technical Forecast: Bitcoin, Ethereum, Solana. What’s Ahead?

Crude Oil Q2 Fundamental Outlook

Crude oil prices may continue to rise 2024’s second quarter but they remain subject to the considerable near-term uncertainty that dogged them as the year got under way.

The Organization of Petroleum Exporting Countries and its allies (the so-called ‘OPEC +’ grouping) have agreed to extend their production . . . → Read More: Crude Oil Q2 Outlook – OPEC’s Cuts Will Keep Prices Underpinned

Euro Poised for a Fundamental Change

The European Central Bank will cut rates in the second quarter of the year and will continue to cut borrowing costs during the second half of the year if recent central bank rhetoric is to be believed. The financial markets certainly think that this is the most . . . → Read More: Euro Fundamental Forecast: ECB Will Start Cutting Interest Rates in Q2

This article primarily delves into the fundamental outlook for the yen. To gain a richer understanding of the technical factors driving the Japanese currency’s direction in the second quarter, download our complimentary Q2 forecast.

Recommended by Diego Colman

Get Your Free JPY Forecast

Get My Guide

Market . . . → Read More: Japanese Yen Q2 Fundamental Forecast: Brighter Days Ahead, Catalysts to Watch

This article explores the technical outlook for the Australian dollar, focusing primarily on AUD/USD and AUD/JPY. For a more comprehensive perspective, access the fundamental forecast by downloading the complete second-quarter trading guide.

Recommended by David Cottle

Get Your Free AUD Forecast

Get My Guide

AUD/USD Q2 . . . → Read More: Australian Dollar Q2 Technical Forecast: AUD/USD and AUD/JPY

This article provides an in-depth exploration of the technical outlook for gold and silver prices, offering valuable insights into price action dynamics and sentiment. For a holistic view that includes the fundamental forecast, download the comprehensive second quarter trading guide.

Recommended by Diego Colman

Get Your Free Gold Forecast . . . → Read More: Gold, Silver Q2 Technical Forecast: Key Resistance in Focus as Markets Get Stretched

This article is solely focused on analyzing the fundamental outlook for Bitcoin. If you’re keen on exploring technical prospects for cryptocurrencies, make sure to download the complete Q2 trading guide!

Recommended by Nick Cawley

Get Your Free Bitcoin Forecast

Get My Guide

Bitcoin traders have enjoyed . . . → Read More: Bitcoin Q2 Fundamental Forecast: Current Demand/Supply Imbalance is Driving Bitcoin Higher

Q1 Review and the Fed Maintains its Outlook on Interest Rates

Q1 2024 has US indices setting new all-time highs as the AI hype skyrocketed a handful of AI stocks to dizzying heights, but gains weren’t just limited to your ‘mega cap’ stocks as the majority of US sectors witnessed gains. The graph below . . . → Read More: Equities Q2 Fundamental Outlook: AI Euphoria, US Election and the Fed to Drive US Stocks

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!

Recommended by Diego Colman

Get Your Free JPY Forecast

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

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!

Recommended by David Cottle

Get Your Free AUD Forecast

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

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 US data releases will direct the dollar’s short-term future. EUR/USD looking for a sub-1.0800 break

For all major central bank meeting dates, see the DailyFX Central Bank Calendar

Recommended by Nick Cawley

Trading Forex News: The Strategy

Get My Guide

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

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?

Learn How to Trade EUR/USD with Our Complimentary Guide

Recommended by Nick Cawley

How to Trade EUR/USD

Get My Guide

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

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:

Recommended by Richard Snow

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

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 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 (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 (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

Learn how to trade EUR/USD with our complimentary guide

Recommended by David Cottle

How to Trade EUR/USD

Get My Guide

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

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), 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.

Recommended by Nick Cawley

Get Your Free Introduction To Cryptocurrency Trading

Get My Guide

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

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

Recommended by Nick Cawley

How to Trade Gold

Get My Guide

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

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.

Recommended by David Cottle

How to Trade GBP/USD

Get My Guide

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

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

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

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

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 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.

For all major central bank meeting dates, see the DailyFX Central Bank Calendar

Recommended by Nick Cawley

Traits of Successful Traders

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

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 News and Analysis

Recommended by Richard Snow

How to Trade EUR/USD

Get My Guide

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

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 (XAU/USD) Analysis

Recommended by Richard Snow

How to Trade Gold

Get My Guide

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

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

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, Fed Analysis

Recommended by Richard Snow

Introduction to Forex News Trading

Get My Guide

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

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

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

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 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

Learn how to trade GBP/USD with our free guide

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

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.

Recommended by Nick Cawley

The Fundamentals of Breakout Trading

Get My Guide

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, 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

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

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?

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 (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 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.

Recommended by Nick Cawley

How to Trade USD/JPY

Get My Guide

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

Recommended by Nick Cawley

Building Confidence in Trading

Get My Guide

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 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?

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 Price, Analysis, and Charts

Recommended by Nick Cawley

Building Confidence in Trading

Get My Guide

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

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

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

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 (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 (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

Learn how to trade USD/JPY with our free guide

Recommended by David Cottle

How to Trade USD/JPY

Get My Guide

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