Most Read: USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap Upside

Earlier this year, the market consensus indicated the Federal Reserve would deliver about 160 basis points of easing in 2024. However, these dovish expectations have been dialed back this month following stronger-than-forecast U.S. jobs growth and sticky inflation data, . . . → Read More: US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD

Most Read: Gold (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear

USD/JPY rallied and consolidated above the 150.00 threshold on Friday, rebounding from the slight dip in the previous trading session. This uptick was fueled by rising U.S. Treasury yields following higher-than-expected U.S. producer price index figures, which echoed the . . . → Read More: USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap Upside

Gold (XAU/USD) Analysis and Chart US PPI comes in hotter-than-expected Retail sales missed market expectations and turned negative in January. Gold is correcting higher after being technically oversold.

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Recently released US producer price inflation data . . . → Read More: Gold (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear

FTSE 100, Dow Jones, Dax 40 Analysis and Charts

???FTSE 100 rebounds

?The index has enjoyed two days of gains, recouping the losses suffered on Tuesday.?Further gains target the 7700 high from early January, before moving on to the late December high at 7750. Having established a higher low this week, the bullish . . . → Read More: FTSE 100 Recovers, while Dax and Dow make Further Gains

Nvidia Earnings Analysis

Key takeaways

1. NVIDIA’s fourth-quarter results for fiscal year 2024 will be reported on February 21, 2024.

2. NVIDIA’s stock has been performing well, with a significant increase of nearly 50% year to date. This growth is driven by the increasing demand for AI technology, and the company has received optimistic . . . → Read More: US Earnings Preview: What to Expect from NVIDIA Results

Pound Sterling (GBP/USD) Analysis UK retail sales rose an impressive 3.4% to overcome December’s 3.3% decline GBP/USD unphased by the report after a busy week, filled with data Fed speakers, US PPI and the University of Michigan consumer sentiment report up next The analysis in this article makes use of chart patterns and . . . → Read More: UK Retail Sales Soar in January to Erase December Slump, GBP Unfazed

GOLD PRICE FORECAST Gold prices advance following disappointing U.S. economic data All eyes will be on the U.S. PPI report on Friday This article explores key tech levels to keep an eye on in XAU/USD

Most Read: EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to Recovery

Gold prices (XAU/USD) . . . → Read More: Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues

Oil (Brent, WTI Crude) Analysis Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower Brent crude oil flirts with the 200-day SMA WTI testing major zone of resistance into the end of the week The analysis in this article makes use of chart patterns and key support and . . . → Read More: Oil Price Update: IEA Lowers Demand Growth Estimate, Oil Recovery Slows

Most Read: British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY

EUR/USD advanced on Thursday, climbing for the second straight day after bouncing off the psychological 1.0700 level earlier in the week, supported in part by disappointing U.S. economic data. For context, U.S. retail trade figures showed that sales contracted 0.8% . . . → Read More: EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to Recovery

Bitcoin (BTC) and Ethereum (ETH/USD) Prices, Charts, and Analysis: Nine green candles in the last ten days. Bitcoin halving event the next driver of price action.

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The post-ETF approval/pre-halving Bitcoin rally is . . . → Read More: Bitcoin (BTC/USD) Continues to Post Fresh Multi-Month Highs, Ethereum (ETH/USD) Eyes $3k

Japanese Yen (USD/JPY) Analysis and Chart USD/JPY creeps lower again Surprise news of recession in Japan has boosted the Yen Economic weakness makes the BoJ/s stated aims much harder

The Japanese Yen was stronger against the United States dollar on Thursday despite some dismal economic news out of Japan.

Not only did that country . . . → Read More: Japanese Yen Gains As Growth Data Put Spotlight On BOJ Policy Shift

UK GDP, Pound Sterling, FTSE 100 Analysis Economic Deterioration Confirmed in Q4

The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two . . . → Read More: UK Recession Confirmed by Dismal Q4 GDP Data – GBP, FTSE Reaction

Curious about where the British pound is headed? Explore all the insights in our Q1 trading forecast. Request your free trading guide today!

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GBP/USD FORECAST – TECHNICAL ANALYSIS

GBP/USD extended losses on Wednesday, but narrowly . . . → Read More: British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY

US DOLLAR FORECAST – EUR/USD, USD/CAD The U.S. dollar pauses after Tuesday’s strong rally, with the DXY index moving up and down around the flatline The absence of follow-through to the upside doesn’t necessarily signal a loss of conviction in the bullish outlook This article examines the near-term technical outlook for two key pairs: . . . → Read More: US Dollar Pauses after CPI-Induced Rally, Setups on EUR/USD, USD/CAD

Japanese Yen (USD/JPY, GBP/JPY, EUR/JPY) Analysis Japan’s top currency official mentions FX intervention in response to yen weakness USD/JPY tentative above the crucial 150 mark GBP/JPY breakout already struggling for momentum EUR/JPY tests zone of resistance but both currencies The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Japanese Yen Outlook: FX Intervention Talk Reenters the Fray

The Bitcoin Halving Event is Due in mid-April – What Does this Mean?

Bitcoin halving is a scheduled event that occurs approximately every four years, or after 210,000 blocks have been mined. During this event, the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. Halving is . . . → Read More: The Next Bitcoin Halving Event – What Does it Mean?

Gold (XAU/USD) Analysis Hot January CPI Lifts the Dollar and US Yields but PCE Inflation is Key

After US CPI beat expectations yesterday, both the US dollar and Treasury yields rose. The lift was the latest move within a general trend higher for both asset classes as market participants ease expectations around rate . . . → Read More: Gold Sinks, Weighed Down by the Dollar and US Yields Post CPI

GBP/USD Analysis and Charts UK inflation unchanged in January. Price pressures are expected to ease in the coming months. GBP/USD struggling to recover after being hit lower yesterday by a strong US dollar.

?Most Read: UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPY

UK inflation remained steady in . . . → Read More: British Pound (GBP) Update – UK Inflation Unchanged in January, Rate Cut Expectations Trimmed

Most Read: USD/JPY Forecast – Hot US Inflation Sparks Bullish Breakout, Key Levels Ahead

GOLD PRICE FORECAST – ANALYSIS

Gold prices (XAU/USD) plunged and reached their weakest point in two months on Tuesday after higher-than-anticipated U.S. CPI data sparked a hawkish repricing of Fed interest rate expectations, boosting U.S. Treasury yields and the U.S. . . . → Read More: Gold Price, Nasdaq 100, EUR/USD – What Comes Next After US CPI Data?

USD/JPY OUTLOOK Higher-than-expected U.S. inflation numbers propel U.S. Treasury yields higher, boosting the U.S. dollar across the board USD/JPY soars past the 150.00 mark, hitting its highest level in nearly three months This article examines key technical thresholds to watch in the coming trading sessions

Most Read: US Dollar Jumps on Stronger-Than-Expected Inflation Data, . . . → Read More: USD/JPY Forecast: Hot US Inflation Sparks Bullish Breakout, Key Levels Ahead

Euro (EUR/USD, EUR/GBP) Analysis ZEW economic sentiment inches higher but confidence remains low EUR/USD descending channel heads lower after testing resistance EUR/GBP testing crucial support zone – follow through needed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education . . . → Read More: Euro Price Outlook: Hot US CPI Weighs on the Euro

US Dollar Index, US Treasuries, Gold Analysis and Charts US shelter and food costs continue to rise, energy costs fall. US dollar index jumps over half a point, and gold turns lower.

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US inflation . . . → Read More: US Dollar Jumps on Stronger-Than-Expected Inflation Data, Gold Crumbles into Support

Pound Sterling (GBP/USD, GBP/JPY) Analysis Employment and Earnings Data May Weigh on BoE Inflation Projections

UK employment data rose in December after witnessing even greater additions in the two months prior. Momentum in the job market appears to be positive but a reweighting of the Labour Force Survey from today onwards means that . . . → Read More: UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPY

MARKET FORECAST – GOLD PRICES, USD/JPY, GBP/USD The U.S. dollar moves without directional conviction on Monday ahead of U.S. CPI data The January U.S. inflation report will steal the market’s attention on Tuesday This article focuses on the technical outlook for gold prices, USD/JPY and GBP/USD

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. . . → Read More: US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD

EURO OUTLOOK EUR/USD slides on Monday, turning lower after failing to clear resistance at 1.0785 Market attention will be on the January U.S. inflation report on Tuesday This article explores EUR/USD’s key technical levels to watch in the coming days

Most Read: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation

EUR/USD retreated . . . → Read More: EUR/USD Forecast: US Inflation Data to Drive Market Sentiment, Breakdown in Play

GBP/USD, EUR/GBP Analysis and Charts

Economic data will help Sterling traders. GBP/USD finding support from the long-term moving average.

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Sterling has recovered around half of its recent losses against the US dollar after UK . . . → Read More: British Pound Latest – Heavyweight UK Data Will Steer GBP/USD, EUR/GBP in the Days Ahead

Gold (XAU/USD), Bitcoin (BTC/USD) Analysis and Charts

Q1 2024 Gold Forecast:

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Gold in need of a driver – will US CPI help? Bitcoin – a confirmed break of $49k should bring $52k back into play . . . → Read More: Gold (XAU/USD) Listless Ahead of US CPI, Bitcoin (BTC/USD) Probes Multi-Year High

MARKET FORECAST: GOLD, US DOLLAR, EUR/USD, GBP/USD Gold prices fall on rising U.S. Treasury yields and a strengthening U.S. dollar EUR/USD and GBP/USD inch lower, but manage to hold above important tech levels The U.S. inflation report is likely to be a source of volatility in the week ahead

Most Read: US Dollar Eyes . . . → Read More: Markets Week Ahead: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation

GOLD PRICE WEEK AHEAD OUTLOOK Gold ticked down this week, but lacked strong conviction, with prices fluctuating aimlessly around the 50-day SMA, a sign of consolidation The January U.S. inflation report will be the focus of attention and a potential source of market volatility in the week ahead This article looks at XAU/USD’s technical . . . → Read More: Gold Price Forecast: US Inflation to Dictate Direction, Volatility Looms Ahead

Major Indices Update: FTSE 100 drops on AstraZeneca disappointment Dow trades close to record highs Nikkei 225 scales new 34-year high

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FTSE 100 drops on AstraZeneca disappointment

The FTSE 100 has been rapidly declining from . . . → Read More: FTSE 100 drops, Dow remains bid and Nikkei 225 makes new 34-year high

Euro Main Talking Points Germany CPI rate confirmed at a more-than two-year low However, it’s still above target and the economy is shaky EUR/USD is holding on above 1.07

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The Euro was weaker but not . . . → Read More: EURUSD Ticks Lower As Weaker German Inflation Confirmed, ECB Still In A Bind

Gold, Silver Analysis

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Gold Settles into Narrowing Pattern as Yields, USD Edge Higher

Gold entered into a narrowing pattern at the end of last year (with hindsight), seeing gold price rallies and selloffs relatively . . . → Read More: Gold, Silver Watching Seasonal CPI Adjustments on Friday

JAPANESE YEN OUTLOOK – USD/JPY, EUR/JPY, GBP/JPY The yen (JPY) weakens across the board following dovish comments from a key Bank of Japan official. Indications that the BoJ will not hike aggressively when it exits negative rates should be bearish for the Japanese currency This article discusses the near-term technical outlook for three yen . . . → Read More: Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPY

Oil (WTI, Brent Crude) News and Analysis EIA storage data reveals minor drop but extends run of successive drawdowns Oil Responding Positively to Improvements in the Battered Chinese Equity Space (Brent crude) WTI oil nears significant zone of resistance The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Oil Attempts Recovery with Key Level in Sight

Pound Sterling (GBP/USD) Talking Points: GBP/USD has slipped back after two days of gains The prospect of higher US interest rates for longer continues to dominate Some as-expected US jobless claim data saw Sterling losses deepen

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. . . → Read More: British Pound Falls Back Into Red As Dollar Fights Back, Central Bank Speakers Eyed

EUR/USD Main Talking Points: EUR/USD’s Fed-inspired slide didn’t break its downtrend or trading range The Single currency is creeping back up within that range There are still plenty of European Central Bank speakers on tap this week

The Euro continues its modest recovery against a United States Dollar still well-underpinned by the prospect . . . → Read More: EUR/USD Edges Up Even As Fed Speakers Echo Powell, German Inflation Eyed

Major Indices Update:

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Dax stumbles

Further gains here continue to be stemmed by the 17,000 area though the broader uptrend is still in place.

January witnessed a bounce from the 50-day simple moving average (SMA), . . . → Read More: DAX Edges Down, S&P 500 Eyes 5000 and Nasdaq 100 Hits New Record High

USD/JPY News and Analysis

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Senior BoJ Official Reaffirms Cautious Approach in the Lead up to Normalisation

Comments from the Bank of Japan’s Deputy Governor Shinichi Uchida has softened the yen on Thursday morning as . . . → Read More: Yen Softens as Senior BoJ Official Favours a Cautious Exit from Negative Rates

GOLD PRICE OUTLOOK – XAU/USD TECHNICAL ANALYSIS Gold prices have lacked directional conviction this year, with bullion seemingly in a consolidation phase awaiting fresh catalysts Next week’s U.S. inflation data may be a source of market volatility and could help guide precious metals in the near term This article examines XAU/USD’s technical outlook, analyzing . . . → Read More: Gold Price Forecast: US Inflation Data to Guide Trend; XAU/USD Levels Ahead

US DOLLAR OUTLOOK: TECHNICAL ANALYSIS – EUR/USD, USD/CAD & AUD/USD The U.S. dollar (DXY index) lacks directional bias as traders await new catalysts The U.S. inflation report will be the next important source of market volatility This article focuses on the technical outlook for EUR/USD, USD/CAD & AUD/USD

Most Read: US Dollar Technical Forecast: . . . → Read More: US Dollar Forecast: Seeking New Drivers; Setups on EUR/USD, USD/CAD, AUD/USD

S&P 500 Analysis Recent years have produced meagre returns for the S&P 500 in February Typical election year starts out poorly before surging higher – 60 Day Cop Market breadth appears to be pulling back slightly – catalyst needed to breach 5k mark on the S&P 500? The analysis in this article makes use . . . → Read More: S&P 500: Why US Stocks May Not Feel the Love in February

Crude Oil Update: Energy markets have been worried about oversupply These worries have weakened somewhat, but haven’t disappeared Technically US crude’s uptrend remains in place

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Crude Oil Prices have been supported on Wednesday by news . . . → Read More: Crude Oil Prices Supported By US Inventory Levels, Geopolitics

Japanese Yen Major Talking Points: USD/JPY hovers around its opening level Tuesday Market focus us on Japanese wage settlements, with annual negotiations under way The medium-term range is holding, any break is likely to be instructive

The Japanese Yen hovered around its opening level against the United States Dollar through Wednesday’s European session, having . . . → Read More: USD/JPY Steadies After Last Week’s Gains As Market Mulls BOJ Path

Global Indices Update:

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FTSE 100 rallies on better-than-expected BP earnings

The FTSE 100 broke out of its 7,690 to 7,600 sideways trading range and did so to the upside on better-than-expected BP earnings and as . . . → Read More: FTSE 100, CAC 40 Resume their Ascents but Nikkei 225 Stays Subdued

GBP/USD Analysis Economic calendar quiet but scattered with central bank speakers GBP/USD tests prior zone of support after temporarily trading below the 200 SMA Elevate your trading skills and gain a competitive edge. Get your hands on the Pound Sterling Q1 outlook today for exclusive insights into key market catalysts that should be . . . → Read More: Cable (GBP/USD) Attempts Recovery – Key Levels for Downside Continuation

Interested in building strategies for USD/JPY? Start by downloading our “How to Trade USD/JPY” guide!

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How to Trade USD/JPY

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USD/JPY FORECAST – TECHNICAL ANALYSIS

After a strong rally over the last couple of sessions, USD/JPY reversed to the downside on . . . → Read More: Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPY

USD, (DXY) News and Analysis Economic data and Fed speakers to provide tailwind for the dollar Fed speakers with the power to prolong USD move – key resistance assessed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library . . . → Read More: US Dollar Propelled Higher on String of Strong Data, Fed Speakers Next

Gold (XAU/USD) News and Analysis: Gold prices are in the green Tuesday after two days of big falls Last week’s news of US labor market strength continues to weigh However falls have been more limited than other assets’

Gold prices have managed some modest gains on Tuesday after a punishing few sessions courtesy of . . . → Read More: Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000

Pound Sterling News and Analysis: Repriced Fed bets have taken GBP/USD down to one-month lows An important technical retracement point has stopped the bears so far Can it continue to do so?

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The British . . . → Read More: British Pound Bounces at Key Support, Fed Speakers Likely To Dominate Trade

Major Indices Latest: Dow drifts back from high Nasdaq 100 sits at record Hang Seng surges in promises of state support

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Dow Drifts Back from High

Friday’s record high gave way to some modest . . . → Read More: Dow Edges Lower and Nasdaq 100 Holds up, While Hang Seng Surges?

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Most Read: US Dollar Forecast – Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USD

The U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging . . . → Read More: US Dollar Forecast: USD/JPY Attacks Resistance as EUR/USD & GBP/USD Break Down

Gold (XAU/USD) Analysis Bumper non-farm payrolls for January sees rate cut odds pushed back US yields continue to rise after NFP and Powell’s confirmation that March is not the base case for first rate cut Gold prices drop, weighed down by tapered rate cut bets and stronger USD The analysis in this article . . . → Read More: Gold Prices Fall in Response to Rising Yields, USD Post-FOMC

EUR/USD Main Talking Points: EUR/USD starts the week with more falls The pair has already slid for four straight weeks Dollar strength looks set to dominate trade for some time

The Euro made a new low against the United States Dollar for this young year to date on Monday as the unwinding of early . . . → Read More: EURUSD Wilts Again On Stronger Dollar, German Trade Misses Don’t Help

WTI (US Oil) Talking Points: Crude prices look set for a third straight session of falls A stronger Dollar has added to the markets’ woes Keep an eye on Fed speakers this week

Crude oil prices have been hammered again on Monday by the stronger United States Dollar spring on global markets by . . . → Read More: Crude Oil Prices Sink On Strong Dollar As Fed-Cut Bets Are Off

Major Indices Updates: FTSE 100 continues to be side-lined DAX 40 dips but tries to regain lost ground S&P 500 trades in new record highs

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FTSE 100 continues to be side-lined

The FTSE 100 is . . . → Read More: FTSE 100, DAX 40 side-lined while S&P 500 trades in record highs

Markets Week Ahead: S&P 500, Dow Hits Fresh Highs, Gold Fades, US Dollar Rallies

Fed Holds Steady, Ditches Tightening Bias, Gold and US Dollar on the Move

Fed chair Jerome Powell pushed back against aggressive rate cut expectations again mid-week after the FOMC left US rates unchanged. A March rate cut is currently being . . . → Read More: Markets Week Ahead: S&P 500, Dow Hit Fresh Highs, Gold Fades, US Dollar Rallies

US DOLLAR OUTLOOK – EUR/USD, USD/JPY, AUD/USD The U.S. dollar, as measures by the DXY index, rallies following strong U.S. labor market numbers Solid job creation could delay the start of the Fed’s easing cycle and reduce the likelihood of deep rate cuts This article examines the technical outlook for three major currency pairs: . . . → Read More: US Dollar Forecast: Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USD

Most Read: US Dollar Jumps After NFPs Smash Estimates, Gold Slumps

The U.S. dollar surged on Friday after economic data revealed that U.S. employers added 353,000 workers in January, nearly double market expectations. The exceptionally robust job creation, along with red-hot average hourly earnings, signals that the economy is holding up remarkably well and . . . → Read More: US Dollar Forecast: Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USD

US Dollar and Gold Analysis

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The latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure . . . → Read More: US Dollar Jumps After NFPs Smash Estimates, Gold Slumps

Oil (Brent, WTI) Analysis

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OPEC+ Maintains Voluntary Output Cuts

OPEC+ has maintained its output cuts and will meet again in March to decide on output levels for Q2, according to two OPEC sources quoted . . . → Read More: Brent, WTI Update: Oil on Track for Sizeable Weekly Loss

GOLD PRICE OUTLOOK The U.S. nonfarm payrolls survey will steal the limelight on Friday A weak jobs report should be bullish for gold prices, while strong data should be negative for the precious metal This article scrutinizes gold’s technical outlook in the near term

Most Read: US Dollar Forecast: Technical Analysis on USD/CAD, AUD/USD . . . → Read More: Gold Price Forecast: US Jobs Data to Shape Near-Term Trend, Setup on XAU/USD

Dow Jones, Nasdaq 100, Hang Seng Analysis and Charts

???Dow retreats from record highs

?The index has fallen back from all-time highs and is currently testing trendline support from the mid-January low.?In the short term, a break of support could test the area around 37,840, which was the late December high. Below this . . . → Read More: Dow & Nasdaq 100 Fall after Fed Decision, while Hang Seng Decline Continues

BoE Stands Pat (Vote Split: 2 Hike, 6 Hold, 1 Cut) BoE keeps rates unchanged – MPC casts first vote for a rate cut but two hawks hold firm, voting for another hike BoE forecast sees inflation fast approaching target only to turn higher until 2026 – dampening optimism GBP, 2-year Gilt yield . . . → Read More: BoE Kept Rates Unchanged but Revised Inflation Outlook Eyes Cuts

EUR/USD Analysis and Charts EUR/USD has been hit by a post-Fed bout of Dollar Strength The US Central Bank pushed back early rate-cut bets Eurozone inflation suggests there won’t be any early move from the ECB either

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Get My . . . → Read More: EUR/USD Battered By Fed, Stays Down Despite Small Core HICP Beat

US Dollar and Gold Analysis, Prices, and Charts March rate cut probabilities are cut back sharply as Powell continues to look at data. Gold prints a sixth successive higher low despite dampened rate expectations.

Learn How to Trade Gold with our Expert Guide:

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How . . . → Read More: US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher

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Most Read: Fed Holds Steady, Ditches Tightening Bias; Gold and US Dollar on the Move

The Federal Reserve . . . → Read More: US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD

???When is Meta’s earnings date?

?Meta reports Q4 earnings on 1 February. Expectations are for $4.95 in earnings per share and $39 billion in revenue.

?

?How has Meta performed?

?The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas . . . → Read More: Meta Stock Price at Record High Ahead of Earnings

FOMC INTEREST RATE DECISION KEY POINTS The Fed holds interest rates steady at its January meeting, in line with expectations Policymakers drop their tightening bias in favor of a more neutral stance, but signal a rate cut is not imminent Gold price trim gains as the U.S. dollar and yields attempt to mount a . . . → Read More: Fed Holds Steady, Ditches Tightening Bias; Gold and US Dollar on the Move

Article by IG Market Analyst Tony Sycamore

When will Apple report its latest earnings?

Apple is scheduled to report its first (Q1) earnings on Thursday, February 1, 2024.

The backdrop

Apple Q4 2023 earnings, reported in early November, beat analysts’ expectations for sales and earnings per share, but the company said its quarterly revenues . . . → Read More: Apple Q1 2024 earnings preview

Cable (GBP/USD) Analysis

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A Big Couple of Days for Major Central Bankers (Fed, BoE)

The Fed is all set to provide an update on its policy settings but there is a strong expectations there . . . → Read More: Pound (GBP/USD) Outlook: Cable Jumps in the Lead up to FOMC

EUR/USD Forecast – Prices, Charts, and Analysis

German inflation continues to fall as energy costs tumble. FOMC and US NFPs will steer EUR/USD in the short term.

Download our Q1 Euro Technical and Fundamental Reports Below:

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Get My . . . → Read More: Euro (EUR/USD) Steadies After German Inflation Falls, FOMC Decision Up Next

Japanese Yen (USD/JPY) Analysis and Charts USD/JPY has ticked up for a second straight session However it remains confined to its broad trading range The Fed isn’t expected to move on rates, but will it push back market views of when it might?

Learn How to Trade USD/JPY with our Free Guide

. . . → Read More: Japanese Yen Weakens As Perky Dollar Looks To Fed Guidance

FTSE 100, DAX 40, and S&P 500 Analysis and Charts

???FTSE 100 continues to grind higher

?The FTSE 100’s swift advance on Friday amid rallying luxury good stocks and general risk-on sentiment has slowed but the index remains bid ahead of Thursday’s Bank of England (BoE) monetary policy meeting. ?A rise above Tuesday’s 7,685 . . . → Read More: ???FTSE 100, DAX 40 and S&P 500 take a Breather ahead of the Fed Meeting

AUD/USD, ASX 200 Analysis

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Australian inflation beat estimates for the final quarter of 2023, coming in at 4.1% vs 4.3% expected and lower than the prior 5.4%

Customize and filter live economic data . . . → Read More: ASX Achieved a Record High after Cooler Aussie Inflation, AUD/USD Weaker

Article by IG Market Analyst Hebe Chen

Amazon Earnings:

Amazon is scheduled to release its Q4, 2023 earnings on February 1st, 2024, after the closure of US markets.

Amazon Q4 expectations and key watches:

The anticipated earnings report for the upcoming quarter indicates a substantial improvement in earnings per share (EPS), projected to be . . . → Read More: Amazon Q4 Earnings Preview: What to Expect?

NASDAQ 100, USD/JPY, GOLD FORECAST The Fed’s monetary policy announcement will steal the spotlight on Wednesday No interest rate changes are expected, but the central bank is likely to update its forward guidance This article analyzes the technical outlook for gold prices, USD/JPY and the Nasdaq 100

Recommended by Diego Colman . . . → Read More: FOMC Preview – Price Action Setups on Gold, USD/JPY and Nasdaq 100

IMF World Economic Outlook Overview IMF upgrades global growth as ‘soft landing’ hopes gain traction Oil and gold receive a minor lift in the moments after the release. AUD/USD undecided Major risk events ahead: BoE, Fed rate decisions, Mega-cap earnings and NFP Stay up to date with the major considerations for equity markets . . . → Read More: IMF Upgrades Global Growth as Major Economies Show Resilience

GBP/USD Analysis and Charts GBP/USD’s broad range is holding into a busy week The Fed is up first, with the BoE to follow With no change priced in for both, what they have to say will dominate trade

Learn How to Trade GBP/USD with our Expert Guide

Recommended by David . . . → Read More: GBP/USD Holds Above 1.2600 As Year’s First Central Bank Meets Near

EUR/USD Forecast – Prices, Charts, and Analysis Q3 revisions help Germany avoid a technical recession. Euro Area growth flatlines in Q4.

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Most Read: Markets Week Ahead: Fed . . . → Read More: Euro (EUR/USD) Pares Recent Losses After German and Euro Area Q4 GDP Releases

GOLD PRICE, US DOLLAR, STOCKS FORECAST The Fed’s decision on Wednesday could bring increased volatility for gold prices, the U.S. dollar and stocks The Federal Reserve is expected to hold its policy settings unchanged but could embrace a more dovish guidance Two possible FOMC outcomes are discussed in this article

Most Read: Gold . . . → Read More: Fed Preview – What’s Ahead for Gold Prices, the U.S. Dollar, Yields and Stocks?

Alphabet’s Earnings – What to Expect

Source: Refinitiv

For Alphabet’s upcoming results, expectations are for a broad recovery on all fronts. Double-digit growth in both its key segments (Google Cloud and Google Services) is expected to power a 12.1% year-on-year (YoY) growth in overall revenue to US$85.3 billion.

Likewise, its 4Q 2023 earnings . . . → Read More: Alphabet’s Share Price: What to Expect from Q4 Results

Article by IG Market Analyst Tony Sycamore

When will Microsoft Corp report its latest earnings?

Microsoft Corp is scheduled to report its second (Q2) earnings on Tuesday, January 30th, 2024, after the market closes.

The backdrop

Investors cheered Microsoft’s first-quarter results, reported in late October, as it beat Wall Street‘s estimates and promised future . . . → Read More: Microsoft Corp Q2 2024 Earnings Preview

EUR/USD OUTLOOK EUR/USD slides on Monday, falling to its lowest level since in nearly seven weeks The pair is on track to lose 2.1% in January Fed decision to dominate attention this week

Most Read: Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USD

The euro weakened more than 0.4% . . . → Read More: Euro Forecast: EUR/USD on Breakdown Watch Ahead of Fed Decision

US Dollar, (EUR/USD, GBP/USD, USD/JPY) Analysis EUR/USD Slides Ahead of Crucial EU Growth Data While USD Receives a Bid

EUR/USD slid moments after the Wall Street Journal reported that Iranian allies brace for response after a deadly drone strike killed three Americans at a US outpost in Jordan. The attack is the latest in . . . → Read More: USD Ahead of FOMC: EUR/USD, GBP/USD, USD/JPY Setups

Markets Week Ahead: Fed and BoE Decisions, US Jobs Data, Microsoft, Apple, Amazon Report

The last week of January is traditionally very busy and this year is no different. The economic calendar is packed full of market-moving events including the latest Federal Reserve and Bank of England monetary policy decisions, US nonfarm payrolls, the . . . → Read More: Markets Week Ahead: Fed and BoE Decisions, US Jobs Data, Microsoft, Apple, Amazon Report

GOLD PRICE FORECAST Gold prices (XAU/USD) have managed to rebound modestly in recent days, but it continues to exhibit a consolidation-oriented bias Volatility could pick up next week, with the Fed decision on the economic calendar This article focuses on gold’s technical outlook, examining important price thresholds that could be relevant in the upcoming . . . → Read More: Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USD

USD/JPY FORECAST: USD/JPY has lacked directional conviction in recent days, with prices compressed between support and resistance Volatility, however, could pick up next week, as the FOMC decision could alter current market dynamics No change in monetary policy is expected, but the Fed may embrace a more dovish position on the back of . . . → Read More: USD/JPY in Consolidation Stage but Fed Decision May Spark Big Directional Move

PCE Prints Roughly as Expected US core PCE data 2.9% vs 3% expected, PCE Price Index in line with estimate at 2.6% Immediate market reaction contained ahead of blockbuster week ahead (FOMC, NFP, mega-cap earnings)

US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its . . . → Read More: US Breaking News: PCE Reveals Steady Progress Towards Fed’s 2% Target

EUR/USD Forecast – Prices, Charts, and Analysis Markets now pushing for an April ECB rate cut. EUR/USD now trades at a multi-week low.

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The Euro weakened . . . → Read More: Euro (EUR/USD) Under Pressure as Markets Push the ECB to Start Cutting Rates Earlier

Most Read: Gold Price Forecast – Core PCE Data to Guide Markets Ahead of Fed Decision

The U.S. Bureau of Economic Analysis will release on Friday core personal consumption expenditures data, the Fed’s favorite inflation gauge. The strength or weakness of the report relative to Wall Street’s consensus estimates is likely to shape the . . . → Read More: US Dollar Forecast: Core PCE to Set Tone, Setups on EUR/USD, GBP/USD and Gold

GOLD PRICE OUTLOOK Gold prices haven’t gone anywhere in recent days, though they are down more than 2% this year U.S. Core PCE data on Friday will likely guide the precious metal’s near-term outlook This article looks at XAU/USD’s key technical levels worth watching over the coming days

Most Read: US Dollar Mixed as . . . → Read More: Gold Price Forecast: Core PCE Data to Guide Markets ahead of Fed Decision

US Dollar (USD) Analysis and Charts The US economy grew by 3.3% in the last three months of 2024 That was hugely better than the 2% gain expected Does this economy need dramatic interest-rate cuts?

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Get . . . → Read More: US Dollar Mixed As GDP Data Smash Forecasts, Gloomy ECB Stands Pat

EUR/USD Forecast – Prices, Charts, and Analysis The ECB leaves all policy levers untouched. EUR/USD is currently stuck in a 30-odd tick range.

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Most Read: Euro Q1 Technical Forecast: A Mixed Picture

The European . . . → Read More: ECB Leaves Interest Rates Unchanged, EUR/USD Listless Ahead of Press Conference and US Q4 GDP

Canadian Dollar (USD/CAD) Analysis BoC adjusts wording to suggest a plateau in interest rates but highlights remaining core price pressures. USD/CAD bullish pennant appears to favour upside continuation ahead of high impact US data IG client sentiment favours trend continuation after traders pile into daily and weekly shorts The analysis in this article . . . → Read More: USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

US DOLLAR OUTLOOK – EUR/USD, USD/JPY, GBP/USD The U.S. dollar lost ground on Wednesday despite better-than-expected U.S. economic data, but the tide may turn in its favor in the coming days Market attention now turns to the fourth-quarter U.S. GDP report This article examines the U.S. dollar technical outlook, with a focus on three . . . → Read More: US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD

Japanese Yen (USD/JPY) Analysis Yen picks up late bid as markets digest Ueda’s comments Rising Japanese Government bonds spur on the yen one day after BoJ meeting USD/JPY turns away from the 150 mark as 146.50 emerges as immediate support For expert insight into considerations for the Japanese Yen in Q1, download the forecast . . . → Read More: USD/JPY Price Update: Uptick in Japanese Government Bonds Lifts the Yen

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Most Read: British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest

The U.S. . . . → Read More: US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next

GBP/USD and EUR/GBP Latest Analysis and Charts Services activity was at an eight-month high in January. Cable clips 1.2773 after the data release.

?Most Read: British Pound Weekly Forecast: Ranges Look Set to Hold, But Watch US Data

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Get . . . → Read More: British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest

Euro (EUR/USD) Analysis and Charts EUR/USD stayed in the green despite news that business activity contracted again in Jan The Composite PMI has been below the key 50 mark for eight months Still, the ECB is expected to stand pat on rates with inflation still above target

Recommended by David . . . → Read More: Euro Holds Up Despite More Shaky PMIs, ECB Rate Decision Up Next

Australian Dollar (AUD) Analysis Additional accommodation from the PBoC and positive risk sentiment prop up AUD AUD holds up in a week devoid of high impact Aussie data IG client sentiment ‘mixed’ despite increasing long-short divergence The analysis in this article makes use of chart patterns and key support and resistance levels. For . . . → Read More: AUD Price Update: Aussie Mulling Latest Chinese Stimulus, AUD Contained