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

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

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 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), 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 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

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

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 (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 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

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 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 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

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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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Get Your . . . → Read More: British Pound Update, GBP/USD Near Multi-Month Highs, EUR/GBP Eyes New Lows

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, 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

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 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 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

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 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) 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, 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 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

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

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 (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 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

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

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

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 (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 (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) 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 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 (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 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 (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 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 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 (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 (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 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?

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 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

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

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 (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

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 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 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 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 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 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

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

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

Euro (EUR/USD, EUR/JPY) Analysis EUR/USD shows signs of bullish fatigue after respecting dynamic resistance Recent euro positioning accumulates on the short side but longs look unfazed EUR/JPY seeing signs of consolidation ahead of resistance but the yen remains vulnerable The analysis in this article makes use of chart patterns and key support and . . . → Read More: Euro Outlook: Signs of Fatigue Appear Ahead of Next Week’s ECB Meeting

US Dollar and Gold Analysis and Prices The US economy remained robust in Q4 2023. The US dollar drifted lower post-release, gold nudged higher.

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The US economy expanded by a robust 3.2% in Q4, . . . → Read More: US Dollar Trims Early Gains After US Q4 GDP Report, Gold Nudges Higher

Japanese Yen (USD/PY) Prices and Analysis

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USD/JPY is holding below last year’s significant highs Markets have a lot to think about, from whether Tokyo will intervene to . . . → Read More: Japanese Yen Slips, Market Seems Warier of Intervention Chances

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

???FTSE 100 little changed ahead of MPC member speech

??The FTSE 100’s recovery from last week’s 7,623 low amid strong earnings stalled at Friday’s 7,717 high while Tuesday’s low at 7,669 so far underpins ahead of today’s MPC member Mann speech. ?The 7,717 high needs . . . → Read More: FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs

AUD Inflation, RBNZ News and Analysis

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Australian Inflation Holds Firm, RBNZ Signals Possible Peak in Rates

Wednesday morning provided a fair amount of data for the antipodeans with Australia’s monthly inflation indicator holding steady at . . . → Read More: RBNZ Issues Dovish Hold and Aus Inflation Stands Firm, NZD Weakened

Most Read: US Dollar Forecast – PCE Data Takes Center Stage; Setups on EUR/USD, GBP/USD

EUR/USD FORECAST – TECHNICAL ANALYSIS

EUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure . . . → Read More: Euro Technical Analysis & Trade Setups – EUR/USD, EUR/GBP and EUR/JPY

Gold (XAU/USD) Analysis Gold pushes on despite subdued volatility as the dollar and US yields ease Gold tracks trendline resistance and tests 50-day simple moving average 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: Gold Price Latest: XAU/USD Holds Gains, Awaits Key US Data

US DOLLAR FORECAST – EUR/USD & GBP/USD The U.S. dollar lacks directional conviction amid market caution ahead of a high-impact event on the U.S. calendar later this week Thursday’s core PCE data release will seize investors’ focus This article carefully examines the technical outlook for EUR/USD and GBP/USD

Recommended by Diego . . . → Read More: US Dollar Forecast: PCE Data Takes Center Stage; Setups on EUR/USD & GBP/USD

Crude Oil Prices and Analysis Oil benchmarks looked set for early gains but have slipped back in the European morning The $77 support region has come back into play having been topped on Monday The overall uptrend endures but WTI looks more range-bound

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Get . . . → Read More: Crude Oil Prices Slip Back Despite Red-Sea Supply Worries

Japanese Yen (USD/JPY, EUR/JPY, AUD/JPY) Analysis Japanese Inflation Beats Forecast but Continues Steady Decline

Inflation in Japan printed better-than-expected for the month of January, coming in at 2.2% vs the prior 2.6%. Markets appear to have bushed aside the recent easing of price pressures as inflation has been falling every month since October’s 3.3%. . . . → Read More: Japanese Yen Outlook: Markets Prioritise CPI Beat over Lower Trending Prices

Most Read: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups

Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields – a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD . . . → Read More: Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE

Most Read: US Dollar Forecast – US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups

The U.S. dollar, as measured by the DXY index, was subdued, and displayed restraint on Monday despite a modest uptick in U.S. Treasury yields. Market participants appear to be leaning toward a cautious stance at the start of the . . . → Read More: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups

Ethereum Spot ETF – The Next Cab Off the Rank?

A spot Ethereum ETF is the latest talk of the market, and the anticipation is building on whether – if approved – it could replicate the success of its Bitcoin counterparts.

An Ethereum ETF would allow investors to invest in Ethereum as easily . . . → Read More: Ethereum Spot ETF – The Next Cab Off the Rank?

British Pound (GBP/USD) Analysis and Charts GBPUSD bulls are trying to get back above $1.27 Strong US data this week could make that harder for them Retracement support looks very solid

Learn how to trade GBP/USD with our free trading guide

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How to Trade . . . → Read More: British Pound Edges Up Again, US Data Will Run This Week’s Trade

Australian Dollar (AUD) Analysis Asian indices ease at the start of the European session as markets eye further accommodation from China Aussie dollar posts a lower start to the week (AUD/USD) ahead of the monthly inflation indicator and US PCE

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How to Trade AUD/USD . . . → Read More: Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation Data

General sentiment soared in a week dominated by Nvidia’s impressive performance and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach another all-time high with the Japanese benchmark index achieving the same feat after 34 years.

Strangely enough, buoyant market sentiment brought about gains for gold and saw the dollar . . . → Read More: Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported

US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPY This week’s focal point on the U.S. economic calendar revolves around the eagerly awaited release of January’s PCE data on Friday A stronger-than-expected report could propel the U.S. dollar upwards, whereas subdued results may have a bearish impact on the American currency This article carefully examines the . . . → Read More: US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups

Gold (XAU/USD) Analysis Fed officials communicated that they are in no rush to start the cutting cycle amid a strong US economy, emboldened consumer and potential Red Sea escalation Gold prices have edged lower towards the end of the week as Fed officials spur on USD The analysis in this article makes use of . . . → Read More: Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts

EUR/USD, EUR/GBP and EUR/JPY – Prices, Charts, and Analysis

German economy remains weak, official data shows. EUR/USD uptrend in focus.

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German GDP fell by . . . → Read More: Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

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Market participants will be on tenterhooks in the coming days ahead of a high-impact item on the U.S. calendar next week: the release of core PCE data – the Fed’s favorite inflation gauge. This crucial event on the agenda is . . . → Read More: US Dollar’s Bullish Bias Holds Steady; Setups on EUR/USD, GBP/USD, Gold Prices

JAPANESE YEN OUTLOOK The Japanese yen has depreciated sharply this year, but there’s potential for its outlook to improve in the weeks to come The prospect of the Bank of Japan discontinuing negative rates early in the second quarter is likely to be supportive of the yen This article offers a detailed analysis of . . . → Read More: Japanese Yen Forecast: Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPY

US Dollar (DXY) Latest Analysis and Charts S&P PMIs – services miss, manufacturing improves The US dollar holds earlier gains.

The US service sector slowed down in February, while the manufacturing sector picked up, the latest flash PMIs showed today. According to data provider S&P Global,

‘US companies continued to report an expansion . . . → Read More: US Dollar Remains Firm After Mixed S&P PMIs, Fed Speak Later in the Session

Nvidia Earnings, S&P 500 Analysis Nvidia earnings surpass estimates and issues positive outlook for Q1 2024 Nvidia set to open at new all-time high after earnings beat S&P 500 likely to ride the wave higher on Nvidia optimism potentially testing the all-time high

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Gold Price (XAU/USD) Analysis and Chart Gold looks set for a sixth straight session of gains Conflict in Ukraine and Gaza underpins the market The prospect of lower interest rates, albeit not imminently, is helping too

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GBP/USD Analysis and Charts

UK business activity continues to expand. GBP/USD buoyed by Sterling strength and US dollar weakness.

?Most Read: US Dollar Trims Losses After Fed Minutes Caution Against Early Cuts

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German, EU PMI Analysis German PMI contracts sharply in February EU PMI data Mixed as France posts impressive numbers

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German PMI Contracts Sharply in February

German PMI data was always going to be under . . . → Read More: German PMI Data Slumps after Decent Run, Broader EU PMI Data Mixed

Crude Oil Analysis and Charts Crude Oil Prices are sliding once again. Traders remain worried about demand if inflation proves resilient and interest rates stay up. Still the broad price uptrend is not yet under serious threat.

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Most Read: US Dollar Muted Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY & USD/CAD

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Local CPI Key Takeaways:

1. Consumer inflation in South Africa increased in January 2024, driven by rising prices for food, housing, utilities, transport, and miscellaneous goods and services.

2. The annual consumer price inflation rate was 5.3% in January 2024, up from 5.1% in December 2023.

3. The main contributors to the annual inflation . . . → Read More: USD/ZAR Price Forecast: Rand Marginally Weaker after Local CPI Inflation

Japanese Yen Prices, Charts, and Analysis Japan’s exports hit a record high in January. USD/JPY back in the danger zone.

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A weak Yen helped Japanese exports . . . → Read More: Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again

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The U.S. dollar fell modestly on Tuesday on the back of subdued U.S. yields in a session lacking significant drivers. Volatility in the FX space, however, may accelerate later in the week, courtesy of a high-impact event on the . . . → Read More: US Dollar Subdued Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY, USD/CAD

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Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing . . . → Read More: Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?

Oil (Brent Crude, WTI) Analysis China adds further support to the ailing economy Brent crude oil drops at prior swing low, propped up by the 200 SMA WTI oil oscillates around key, long-term trend filter The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery

USD/JPY Analysis and Charts USD/JPY trades cautiously above the 150.00 mark. Risk aversion has offered the Dollar some broad support. Expect more focus on the possibility of intervention in the market as the recent highs approach.

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EUR/USD, EUR/GBP Prices, Charts, and Analysis EUR/USD trading on either side of 1.0800, helped by US dollar weakness. EUR/GBP bounces off support and is looking to print a fresh multi-month high.

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Most Read Euro . . . → Read More: Euro (EUR) Price Latest – EUR/USD Testing Resistance, EUR/GBP Eyes Multi-Week High

Pound Sterling (GBP) Analysis Monetary policy committee set to testify in parliament Cable (GBP/USD) appears vulnerable to bearish threat Looking for actionable trading ideas? Download our top trading opportunities guide packed with insightful tips for the first quarter:

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EUR/USD Analysis and Charts EUR/USD inched lower in the European session. The overall downtrend in place all year remains dominant. Germany’s PMI data later this week could bring some movement.

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Japanese Yen (USD/JPY) Analysis

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Markets Still Eye April for Potential Rate Hike

Markets have not been deterred by the fact that Japan has entered into a recession, still indicating a high probability that the . . . → Read More: Historic Rate Rise on Track Despite Recession, USD/JPY Contained

British Pound (GBP) Outlook, Charts, and Analysis GBP/USD didn’t lose much when US PPI saw rate-cut expectations pushed back again It has risen a little further in Monday’s European session, but bulls look cautious Trendline support from 2022 is getting close

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. . . → Read More: British Pound Holds On Above $1.26, But Watch That Level Closely

AUD, China Analysis Minutes to suggest the RBA requires greater conviction around inflation AUD/USD builds on recent recovery – stern resistance in sight Chinese markets reopen higher – no changes to medium-term lending rates The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit . . . → Read More: AUD/USD Outlook: AUD Lifted as Chinese Trade Resumes, RBA Minutes Next

Gold (XAU/USD) Analysis and Chart Gold continues its technical correction. Trading activity will pick up later in the week.

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US equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh . . . → Read More: Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near

Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears

Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.

US inflation releases this week helped push US Treasury yields, and the greenback, higher this . . . → Read More: Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears