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Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
March 27, 2024
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Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
March 27, 2024
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FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
March 27, 2024
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US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
March 27, 2024
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Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers
March 26, 2024
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Euro Gains Again Despite More Dovish ECB Commentary
March 26, 2024
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Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off
March 26, 2024
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Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies
March 26, 2024
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Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible
March 25, 2024
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British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts
March 25, 2024
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By admin, on April 12th, 2023
U.S. DOLLAR ANALYSIS & TALKING POINTS US CPI: Headline – 5%; EST: 5.2% US CPI: Core – 5.6%; EST: 5.6% FOMC Minutes in focus later today. Money markets exhibit dovish re-pricing minimizing the chance of a rate hike in June.
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Get Your Free USD . . . → Read More: USD Breaking News: US Dollar on Offer After Mixed CPI Report
By admin, on April 12th, 2023
EUR/USD Price, Chart, and Analysis EUR/USD is trapped in a tight range. Core US y/y inflation is expected to nudge higher.
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The US Bureau of Labor Statistics (BLS) inflation report, scheduled to be released . . . → Read More: Euro Latest: EUR/USD In Limbo Ahead of the Latest US Inflation Release
By admin, on April 12th, 2023
GOLD (XAU/USD) PRICE, CHARTS AND ANALYSIS:
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Gold (XAU/USD) FUNDAMENTAL BACKDROP
The Gold price has rallied higher in Asian trade with a session high of $2020.87 before surrendering some of those gains . . . → Read More: Gold Price Forecast: Key Confluence Area in Sight Ahead of US CPI Data
By admin, on April 12th, 2023
POUND STERLING ANALYSIS & TALKING POINTS Will anything change regarding the BOE’s upcoming rate decision? US CPI the focal point for today but FOMC minutes cannot be overlooked. Key psychological break likely.
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GBP/USD FUNDAMENTAL . . . → Read More: British Pound (GBP/USD) Forecast Led by US CPI, FOMC Minutes and Gov Bailey
By admin, on April 12th, 2023
US Dollar, USD, US CPI, Japanese Yen, USD/JPY, Hang Seng Index – Talking Points The US Dollar slid slightly lower today with all eyes on US CPI Several Fed speakers crossed the wires with different perspectives If US CPI misses estimates, will USD/JPY break higher?
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. . . → Read More: US Dollar Gives up Ground Ahead of CPI Data and Japanese Yen Also Slips
By admin, on April 11th, 2023
IMF World Economic Outlook Latest Analysis World output is seen falling to 2.8% this year from 3.4% in 2022. Advanced economies’ output slashed to 1.3% in 2023 from 2.7% last year.
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The latest IMF . . . → Read More: IMF Warns of Global Economic Slowdown, Core Inflation to Decline Slowly
By admin, on April 11th, 2023
USD/JPY PRICES, CHARTS AND ANALYSIS:
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USD/JPY FUNDAMENTAL BACKDROP
The Yen looks set to face some immediate selling pressure following the inauguration of Kazuo Ueda as the new Bank of Japan Governor. Murmurs have continued . . . → Read More: USD/JPY Price Forecast: Yen Faces Short-Term Pressure Following Ueda Inauguration
By admin, on April 11th, 2023
GOLD ANALYSIS & TALKING POINTS US CPI and FOMC minutes keenly anticipated tomorrow. Fed’s Harker and Kashkari scheduled to speak later today. Bearish divergence vs bull pennant continuation?
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XAU/USD FUNDAMENTAL BACKDROP
Gold prices are . . . → Read More: Gold Price Forecast Hinges on US CPI, XAU/USD Patiently Waits at $2000
By admin, on April 11th, 2023
CRUDE OIL PRICE, CHARTS AND ANALYSIS:
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WTI FUNDAMENTAL OUTLOOK
Crude Oil has failed to capitalize on last week’s jump in prices following the OPEC+ announcement as prices continue to range in the absence of . . . → Read More: Oil Price Forecast: WTI and Brent Eye Further Downside as Demand Fears Return
By admin, on April 11th, 2023
GBP/USD – Prices, Charts, and Analysis Cable eyes resistance at 1.2448. The US dollar gives back some of Friday’s NFP strength. US inflation data and the FOMC minutes are released on Wednesday.
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The British . . . → Read More: British Pound Latest – GBP/USD Starts the Week on a Positive Note
By admin, on April 10th, 2023
GOLD PRICE OUTLOOK: Gold prices sink as traders increase odds of May FOMC interest rate hike following last Friday’s robust U.S. labor market data U.S. dollar strength in the FX space also undermines precious metals Despite Monday’s pullback, XAU/USD retains a bullish profile over the medium term
Recommended by Diego Colman . . . → Read More: Gold Prices Fall as Traders Raise Odds of More Fed Tightening after Solid Jobs Data
By admin, on April 10th, 2023
US DOLLAR OUTLOOK: The U.S. dollar, as measured by the DXY index, rallies on Monday, boosted by rising U.S. Treasury yields Bond rates move higher after strong labor market results increase odds of May FOMC hike However, monetary policy expectations could shift in a more dovish direction if March U.S. inflation numbers come below . . . → Read More: US Dollar Gains as May Hike Bets Rise, but Rates Outlook May Hinge on Inflation Data
By admin, on April 10th, 2023
‘The Fed Hikes Until Something Breaks’
We all know the saying, ‘the Fed hikes until it breaks something’ and after the hundreds of billions of dollars worth of deposits were at risk in March 2023, we have to ask ourselves if something did indeed break? While bank stocks around the globe sold-off, the . . . → Read More: Q2 Top Trade Idea: Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal
By admin, on April 10th, 2023
Long USD/CAD: Rate Differential and Price Action Support Further Upside Narrative.
The Canadian Dollar has suffered against the Greenback since the Bank of Canada (BoC) announced a pause to its hiking cycle. The BoC started out very aggressively when hiking rates and if recent inflation data is anything to go by the BoC . . . → Read More: Q2 Top Trade Idea: Long USD/CAD, Rate Differential and Price Action Support Further Upside
By admin, on April 10th, 2023
LONG-TERM BONDS LOOK ATTRACTIVE IN Q2
The U.S. economy has been extremely resilient despite the Fed’s fast-and-furious tightening campaign aimed at choking inflation. Time and again, labor market data has surprised to the upside, defying expectations, and signaling that employers continue to add to their ranks against all odds. In this context, household . . . → Read More: TLT Outlook Turns Bullish as Recession Risks Grow, Awaiting Resistance Breakout
By admin, on April 10th, 2023
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Below is a chart showing how various corners of financial markets performed in the first quarter. Bitcoin greatly outperformed and gold also did solidly. In the currency space, the British Pound outperformed the Japanese Yen, . . . → Read More: Markets in the Second Quarter: S&P 500, US Dollar, Gold, Crude Oil, Euro, Recession Woes
By admin, on April 9th, 2023
US Dollar Weakness to Make Headway as Fed Abandons Hawkish Pledge
After a steep sell-off late last year and early 2023, the U.S. dollar, as measured by the DXY index, staged a strong recovery in February, bolstered by hotter-than-expected U.S. economic reports, including labor market and CPI data.
Strong business hiring, coupled with elevated . . . → Read More: US Dollar Q2 Fundamental Forecast: USD Weakness to Make Headway as Fed Abandons Hawkish Pledge
By admin, on April 9th, 2023
OPEC Anticipates Lower (QoQ) Global Oil Demand in Q2
According to revised forecasts in OPEC’s monthly report for March, Q2 remains likely to see a drop in global oil demand compared to Q1, although the group now sees a slight improvement of an additional 70,000 barrels per day (bpd) compared to last month’s figures. . . . → Read More: Oil Fundamental Forecast: WTI to Head Lower in Q2 as Fundamentals Weaken
By admin, on April 9th, 2023
EUR/USD Technical Forecast: Unattractive Price Action for Now
The euro pushed higher against the U.S. dollar during the first quarter of 2023 and briefly reached its best level since April 2022 in early February. When risk-off mood erupted in global markets, sellers returned, preventing EUR/USD from clearing the 1.1035 area, a major technical . . . → Read More: Euro Q2 Technical Forecast: EUR/USD Presents Attractive Price Action for Now
By admin, on April 8th, 2023
JAPANESE YEN KEY POINTS:
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JAPANESE YEN Q1 RECAP
The Japanese Yen has had an interesting Q1 to say . . . → Read More: Japanese Yen Q2 2023 Fundamental Forecast: Safe Haven Appeal to Keep Yen Supported
By admin, on April 8th, 2023
British Pound Q2 2023 Technical Forecast:
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The British Pound‘s technical outlook is neutral with the UK currency likely to be relatively stable to marginally firmer over the coming weeks. And that means we need to . . . → Read More: British Pound Q2 2023 Technical Forecast: GBP/USD and EUR/GBP
By admin, on April 8th, 2023
The fundamental backdrop for gold as we head into Q2 of 2023 may be shifting by way of a less hawkish Federal Reserve. That being said, calling a dovish Fed may be too early to call with other economic factors creating a push/pull effect for the US central back, thus making their job . . . → Read More: Gold Q2 2023 Technical Forecast: Uncertainty Lies Ahead for XAU/USD
By admin, on April 7th, 2023
US DOLLAR FORECAST: The U.S. economy added 236,000 jobs in March, slightly below consensus estimates. Meanwhile, average hourly earnings cooled more than expected, easing to 4.2% y-o-y. The labor market report, however, may not entirely capture the fallout from the collapse of SVB and SBNY Despite the market reaction on Friday, the path . . . → Read More: US Dollar Outlook – Direction of Travel May Be Lower as Jobs Data Overstates Strength
By admin, on April 7th, 2023
MARCH LABOR MARKET REPORT: U.S. employers add 236,000 workers in March versus expectations of a gain of 239,000 jobs Meanwhile, the unemployment rate edges lower to 3.5%, one-tenth of a percent below consensus estimates For its part, average hourly earnings clock in at 0.2% m-o-m and 4.2% y-o-y
Recommended by Diego . . . → Read More: March Jobs Report: Nonfarm Payrolls Rise by 236,000, Wage Growth Cools to 4.2%
By admin, on April 7th, 2023
Australian Dollar, AUD/USD, Jobless Claims, NFPs – Asia Pacific Market Open: Australian Dollar falls as US jobless claims data briefly jitters markets All eyes now turn to US NFPs as cracks slowly emerge in the economy AUD/USD eyes an Ascending Triangle chart formation, support in focus
Recommended by Daniel Dubrovsky . . . → Read More: Australian Dollar Drops as Currency Markets Await US NFPs, Will AUD/USD Keep Going?
By admin, on April 6th, 2023
BITCOIN USD KEY POINTS: Bitcoin Prices Continue to Consolidate Within a Symmetrical Triangle Pattern. A Potential Demand Surge Could Give Bitcoin the Push it Needs to Test the $30000-$31200 Resistance Area. Both the Crypto and Bitcoin Fear and Greed Indexes are Now in Greed Territory. Will we See Another Bullish Cycle Like 2019 . . . → Read More: Bitcoin Poised for a Breakout as Possibility of a Demand Surge Grows
By admin, on April 6th, 2023
USD/CAD News and Analysis Unemployment rate remains firm despite estimates of a move higher USD/CAD technical considerations – 200 SMA and ascending trendline remain key IG client sentiment provides a mixed outlook despite the sizeable long positioning The analysis in this article makes use of chart patterns and key support and resistance levels. . . . → Read More: USD/CAD Price Forecast: Employment Data Lifts Canadian Dollar
By admin, on April 6th, 2023
GBP/USD – Prices, Charts, and Analysis UK house prices rise further, according to one lender. The US Jobs Report is now key for overall market direction. GBP/USD sitting on a prior level of resistance.
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The . . . → Read More: British Pound Latest – GBP/USD Trying to Confirm New Support, NFPs Near
By admin, on April 6th, 2023
EUR/USD PRICE, CHARTS AND ANALYSIS:
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EUR/USD FUNDAMENTAL OUTLOOK
EURUSD faced continued selling pressure this morning around the 1.090 level following a failed attempt to test the 1.1000 psychological level yesterday. We have seen a . . . → Read More: EUR/USD Eyeing Key Support Test Ahead of NFP
By admin, on April 6th, 2023
GOLD ANALYSIS & TALKING POINTS US fundamental variables continue to oppose one another with the Fed diverging from market data and market expectations. US jobless claims and Fed speak in focus later today. Bearish divergence an ominous sign short-term?
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Get Your Free Gold Forecast . . . → Read More: Gold Price Forecast: XAU/USD Echoes Uncertain Global Sentiment
By admin, on April 6th, 2023
Crude Oil, WTI, Brent, US Dollar, Treasury Yields, Fed, AUD, NZD – Talking Points Crude oil has paused in its run higher after US data disappointed The US Dollar and Treasuries rallied as perceived haven assets were bought If more data is delivered to the downside, where will WTI go?
. . . → Read More: Crude Oil Slides as US Data Underwhelms Pushing Yields Down. Lower WTI?
By admin, on April 6th, 2023
US Dollar, DXY Index, USD, Federal Reserve, Japanese Yen, Momentum – Talking points The US Dollar rallied in a move that snapped recent inter-market relationships Treasury yields went lower reflecting the unfurling economic headwinds If the market response to data has shifted, what does it mean for the DXY index?
. . . → Read More: US Dollar Gains on Soft Data that May Signal a Shift in Market Perception for USD
By admin, on April 6th, 2023
Nasdaq 100, ISM Services Index, Fed, Technical Analysis – Asia Pacific Market Open: Tech-heavy Nasdaq 100 underperforms after soft ISM Services data Traders seemed to focus on economic woes rather than a dovish Fed Turn lower has the Nasdaq facing a key zone of support, will it hold?
Recommended by . . . → Read More: Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?
By admin, on April 6th, 2023
GOLD FORECAST: Gold prices struggle for direction as traders look for fresh market catalysts Despite Wednesday’s price action, the precious metal retains a bullish outlook The March U.S. jobs report will help set the trading tone for XAU/USD in the near term
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Get Your Free . . . → Read More: Gold Prices Pause Ahead of US Jobs Data but Fresh Record Highs Remain in Sight
By admin, on April 5th, 2023
USD/CAD FORECAST: The Canadian dollar weakens on Wednesday as risk-off mood undermines high-beta currencies The USD/CAD bounces off trendline support, with prices eyeing an important technical resistance Market sentiment will dictate moves over the coming days
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Get My . . . → Read More: Canadian Dollar Outlook: USD/CAD Bounces Off Trendline Support as Haven Flows Pick Up
By admin, on April 5th, 2023
ISM Non-Manufacturing (Services) PMI Misses Estimate
The second of the two measures gauging the health of the US economy compounded concerns that the relatively strong US economy is showing signs of concern. The ISM non-manufacturing PMI data came in at 51.2 vs expectations of 54.5 and a prior print of 55.1 in February.
. . . → Read More: US Breaking News: ISM Services Miss adds to Economic Concerns
By admin, on April 5th, 2023
EUR/USD Price, Chart, and Analysis The Euro is treading water ahead of a long weekend. EUR/USD is looking to break above 1.1000.
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The weakness in the US dollar, and ongoing Euro strength, is pushing EUR/USD ever . . . → Read More: Euro Latest: EUR/USD Holding Weekly Gains, Bulls Eye 1.1000+
By admin, on April 5th, 2023
GBP/USD PRICE, CHARTS AND ANALYSIS:
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GBP/USD FUNDAMENTAL OUTLOOK
GBPUSD broke the Q1 range high to tap the psychological 1.2500 level yesterday, last seen in June 2022. However, the pair is struggling . . . → Read More: GBP/USD at Multi-Month Highs, Acceptance Above the 1.2500 Level Remains Key
By admin, on April 5th, 2023
AUD/USD ANALYSIS & TALKING POINTS RBA Governor Lowe’s hawkish sentiments did little for the AUD but shows intent to extend their tightening cycle if necessary. US economic data in focus today. AUD/USD looking towards rising wedge support, now below 200-day MA.
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Get Your Free . . . → Read More: AUD/USD Price Forecast: RBA Governor Lowe Unable to Deter Falling Aussie Dollar
By admin, on April 5th, 2023
S&P 500 OUTLOOK: S&P 500 falls as sentiment sours following disappointing U.S. economic data A labor market report showed that job openings in February fell to their lowest level since May 2021, a sign that hiring is starting to slow down meaningfully From a technical perspective, losses could accelerate if the equity index fails . . . → Read More: S&P 500 Stalls at Trendline Resistance as Sentiment Sours. Where Next for Stocks?
By admin, on April 4th, 2023
US DOLLAR OUTLOOK: The U.S. dollar index breaks below major Fibonacci support amid falling bond rates Treasury yields sink as weaker-than-expected economic data prompt traders to discount a more dovish monetary policy outlook In the current environment, the DXY index is likely to remain biased to the downside
Recommended by Diego . . . → Read More: US Dollar Breaks Below Key Fib Support as Yields Sink, DXY at Risk of More Losses
By admin, on April 4th, 2023
Ethereum (ETH) Prices, Charts, and Analysis Ethereum eyes resistance at $2,030. Shanghai upgrade set for April 12.
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Ethereum is pushing higher today and has just made a fresh multi-month high after a . . . → Read More: Ethereum (ETH/USD) Breaks Higher as Shanghai Upgrade Nears
By admin, on April 4th, 2023
SILVER PRICE, CHARTS AND ANALYSIS: Silvers Rally Stalled Yesterday as a Combination of Returning Risk Appetite and a Key Confluence Area Weighed on Price. Technicals are Providing Some Mixed Signals at Present on the Weekly and Daily Timeframes Highlighting the Importance of the $24.20 Handle. USD and the NFP Report Due Friday May . . . → Read More: Silver Price Forecast: On a Knife Edge as Key Confluence Area Reached
By admin, on April 4th, 2023
BRENT & WTI CRUDE OIL ANALYSIS & TALKING POINTS OPEC+ production cut continues to dominate headlines by complicating supply dynamics and global central bank policies. US economic releases under the spotlight this week for crude oil. Brent and WTI reaching short-term peak?
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By admin, on April 4th, 2023
USD/CAD TECHNICAL FORECAST: The Canadian dollar rallies at the start of the week, supported by surging oil prices Energy markets soar on Monday after OPEC+ announces unexpected move to cut crude production from May onwards USD/CAD breaks below the 1.3500 level and falls toward trendline support at 1.3420, the next major technical floor . . . → Read More: Canadian Dollar Outlook: USD/CAD Breaks Down as Oil Soars, Trendline Support at Risk
By admin, on April 3rd, 2023
GBP/USD & EUR/USD OUTLOOK: GBP/USD rallies and challenges a major confluence resistance region EUR/USD gains and moves closer to overtaking trendline resistance, a bullish breakout that could pave the way for a retest of January’s high DailyFX’s second quarter trading guides are ready. Download them here!
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. . . → Read More: GBP/USD Defies Confluence Resistance, EUR/USD at Brink of Major Bullish Breakout
By admin, on April 3rd, 2023
GOLD PRICE, CHARTS AND ANALYSIS: Gold Finds Support at the $1950 Level Once More, Third Time in as many Weeks Acceptance Above $2000 May prove a Hurdle too Far with a Catalyst Likely Needed to Facilitate a Breakout. Price Action is Mixed as we Print Lower Highs Followed by Higher Lows. To Learn . . . → Read More: Gold Price Forecast: $1950 Holds Firm as Gold Starts NFP Week with a Bang
By admin, on April 3rd, 2023
US Dollar (DXY) Price, Chart, and Analysis The US dollar remains under pressure. OPEC+ output cut may keep rates higher for a bit longer.
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The Organisation of Petroleum Exporting Countries (OPEC) and Saudi Arabia . . . → Read More: US Dollar (DXY) Pares Opening Gains After Rate Hike Expectations Move Higher
By admin, on April 3rd, 2023
EUR/USD PRICE, CHARTS AND ANALYSIS:
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EUR/USD FUNDAMENTAL OUTLOOK
EURUSD faced selling pressure in the Asian session as a combination of dollar strength and recessionary fears dented sentiment. EURUSD has recovered since the London . . . → Read More: EUR/USD Recovers Above the 1.0800 Handle as Sentiment Improves
By admin, on April 2nd, 2023
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Where are stocks going in Q2?
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Global market risk appetite improved generously in the first quarter despite the financial threat of Silicon Valley Bank’s collapse. By the end of Q1, there was no sign from the VIX market ‘fear gauge’ . . . → Read More: Markets Q2 Outlook: US Dollar, Gold, Oil, Dow, Euro, Yen, Sterling, AUD, BTC
By admin, on April 2nd, 2023
US DOLLAR TECHNICAL OUTLOOK: The U.S. dollar, as measured by the DXY index, fell during the first three months of the year, with prices currently challenging a major technical support zone Heading into the second quarter, the risk of a breakdown has increased Download our full quarterly US dollar forecast for a more . . . → Read More: US Dollar Q2 Technical Forecast: Sellers Take Hold of Steering Wheel
By admin, on April 2nd, 2023
For most of Q1 2023 WTI crude oil prices oscillated between two very crucial levels as traders attempted to gauge the longer-term direction of the commodity. The level of resistance at $82.50 provided a solid ceiling, while the upper band of the $67 – $72 target zone to replenish SPR supplies provided support for . . . → Read More: WTI Technical Forecast: Long-Term Downtrend Remains but Signs of Fatigue Appear
By admin, on April 2nd, 2023
EUR/USD FORECAST: The euro continued to strengthen against the U.S. dollar during the first three months of the year Heading into the second quarter, EUR/USD is likely to remain in an upward trajectory Download our full quarterly euro forecast for a more comprehensive view of the common currency’s outlook
Recommended by . . . → Read More: Euro Q2 Fundamental Forecast: Recovery May Continue but Upside Will Be Limited
By admin, on April 1st, 2023
Japanese Yen Q1 Recap
The Japanese Yen has had an interesting Q1 to say the least with the Yen starting the quarter looking vulnerable against the Greenback. The US Federal Reserve looked set to continue on an aggressive hiking cycle while the Bank of Japan looked set to continue down its easy monetary . . . → Read More: Japanese Yen Q2 Technical Forecast: Yen Looks Set for Gains in Q2
By admin, on April 1st, 2023
Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2
In the first quarter of 2023, Bitcoin (BTC/USD) benefited from a reduction in rate expectations and other fundamental catalysts that resulted in a leap in price action, gaining over 70%. Question is, will bulls hold onto control and drive prices to . . . → Read More: Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2
By admin, on April 1st, 2023
Gold Fundamental Forecast: Gold Glowing into Q2 as Fed Peaks
Moving into the second quarter of 2023, gold prices are gaining traction in line with the global banking crisis and uncertainty surrounding the Federal Reserve. Contagion risks from financial market fears have allowed the safe-haven appeal of gold to drive bulls to the . . . → Read More: Gold Fundamental Forecast: Gold Glowing into Q2 as Fed Peaks
By admin, on March 31st, 2023
US Dollar (DXY) Price, Chart, and Analysis US core PCE nudge 0.1% lower to 4.6% in February. The US dollar slips but price action is muted for now.
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Inflation in the US is falling, according . . . → Read More: US Inflation Nudges Lower, US Dollar (DXY) Also Slips on Drifting Rate Expectations
By admin, on March 31st, 2023
Gold Prices, Chart, and Analysis Gold prices continue to gain despite some signs of reduced risk aversion The prospect of few US rate rises ahead, if any, supports the market A new push above $2000 looks quite likely
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Get My . . . → Read More: Gold Price Uptrend Looks Solid With $2000 Very Much In Play
By admin, on March 31st, 2023
Euro Zone Inflation Rises in March
The year-on -year headline measure of EU inflation posted a massive decline, coming in at 6.9% vs a forecast of 7.1%, but the real kicker reveals a drop from last month’s (YoY) reading of 8.5%. Despite the rapid YoY decline, March CPI actually rose 0.9% from February, . . . → Read More: Euro Breaking News: Core Inflation Reaches New High, Validating ECB Hawks
By admin, on March 31st, 2023
GBP/USD – Prices, Charts, and Analysis UK GDP data beat estimates. Cable continues to move higher. US core PCE later in the session may impact cable.
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The UK economy expanded by 0.1% in Q4 2022, . . . → Read More: Breaking UK News: UK Growth Revised Higher, GBP/USD Nears A Multi-Week High
By admin, on March 31st, 2023
Crude Oil, WTI, Brent, China PMI, Japanese Yen, Nikkei 225, Fed, Treasuries – Talking Points Crude has had another solid week with markets seeing a rosy outlook The Fed reminded markets of their intentions with inflation as enemy #1 What does the underlying market structure say about crude? Will WTI go higher?
. . . → Read More: Crude Oil Holds the High Ground as Mood Boosted by China PMI. Higher WTI?
By admin, on March 31st, 2023
Australian Dollar, AUD/USD, China PMI, PCE – Market Alert: Australian Dollar gives up gains on upbeat China PMI data The focus now shifts to the Fed’s preferred inflation reading Near-term rising trendline continues shaping AUD/USD path
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Get My . . . → Read More: Australian Dollar Looks Past China PMI Data, Focus is Now on Key Fed Inflation Gauge
By admin, on March 31st, 2023
Haven-linked US Dollar declines as Wall Street continues higher Traders seem to be ignoring clearly not-dovish Fed commentary Still, Bear Flag remains key technical downside setup on the daily
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Asia-Pacific Market Briefing – US Dollar . . . → Read More: US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?
By admin, on March 30th, 2023
CANADIAN DOLLAR OUTLOOK: USD/CAD extends losses amid positive market sentiment Higher oil prices also benefit the Canadian dollar The pair seems to be on the verge of invalidating a key technical support zone, a bearish signal for price action
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Get Your Free USD Forecast . . . → Read More: USD/CAD Mauled as Canadian Dollar Bulls Pounce, Key Support at Risk of Cracking
By admin, on March 30th, 2023
EUR/USD OUTLOOK: EUR/USD rallies after German inflation numbers surprise to the upside Broad-based U.S. dollar weakness and risk-on sentiment also boost the euro This article looks at key technical levels to keep an eye on in the near term
Recommended by Diego Colman
Get Your Free EUR Forecast . . . → Read More: EUR/USD Confronts Trendline Resistance, Threatens Breakout After Hot German CPI
By admin, on March 30th, 2023
US Q4 GDP Dipped Slightly, US Economic data Remains Robust
The final version of US GDP for the fourth quarter of 2022 dipped slightly lower, from 2.7% to 2.6%, dropping from the Q3 print of 3.2%.
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However, despite the quarter-on-quarter drop . . . → Read More: USD Breaking News: Final US (Q4) GDP Revised Lower but Data Remains Robust
By admin, on March 30th, 2023
Dax 40 Talking Points German Dax hits a daily high of 15,693 ahead of German inflation (Prel) print European equities surge after China’s optimistic outlook eases recession fears Dax 40 recovers over 7% of March losses with bulls aiming to retest the monthly high of 15,720.
Discover what . . . → Read More: DAX 40 Price Forecast: European Stocks Soar Ahead of German Inflation
By admin, on March 30th, 2023
Gold Price, Chart, and Analysis Gold prices remain under $2000, but their uptrend is also clear Markets are weighing up the chances of another US rate rise Key data releases are still due this week, which could give a steer
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. . . → Read More: Gold Prices Stick To Uptrend As Market Mulls US Rate Path
By admin, on March 30th, 2023
GBP/USD – Prices, Charts, and Analysis Cable is higher on the week but the trading range is very narrow. US GDP and core PCE may add some volatility into a lackluster market.
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GBP/USD traders will . . . → Read More: British Pound Latest: GBP/USD Grinds Higher as US Data Releases Near
By admin, on March 29th, 2023
Gold (XAU/USD) price outlook: Gold prices turn cautious amid easing fears of banking contagion XAU/USD Threatens support at the February 2023 high US Dollar gains, dragging safe-havens lower
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Receive timely and compelling market . . . → Read More: Gold Price Forecast: XAU/USD Stumbles as Risk-on Sentiment Returns
By admin, on March 29th, 2023
CANADIAN DOLLAR OUTLOOK: USD/CAD deepens pullback as market mood improves and oil extends its recovery The Canadian dollar retains a constructive technical outlook for now High-beta currencies, however, remain in a vulnerable position and sensitive to changes in global sentiment following the recent turmoil in the U.S. banking sector
USD/CAD Bearish
Data . . . → Read More: USD/CAD at Risk of Breakdown as Oil Gains, Canadian Dollar Outlook Bullish for Now
By admin, on March 29th, 2023
US Stocks: S&P 500, Nasdaq News and Analysis
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SVB Solution and News of New Regional Bank Regulations to Lifts Equities
Markets appear content with the way US regulators handled the sale of distressed lender Silicon . . . → Read More: S&P 500, Nasdaq Set to Open Higher Upon an Improved Outlook
By admin, on March 29th, 2023
Japanese Yen (USD/JPY) Price and Chart Analysis USD/JPY moves higher as banking fears calm. New BoJ deputy governor mulls yield curve control tweaks.
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For all market-moving data releases and economic events see the real-time DailyFX . . . → Read More: USD/JPY Moves Higher as the Japanese Yen Sheds its Risk Premium
By admin, on March 29th, 2023
EUR/USD Analysis, Prices, and Charts EUR/USD fades after two days of clear gains There doesn’t seem to be much news behind this, the market may be a little over-extended German inflation data due Thursday may liven things up
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Get My . . . → Read More: EUR/USD Hands Back Some Gains, German CPI Data In Focus
By admin, on March 29th, 2023
OIL PRICE FORECAST: Oil prices rise to their best level in two weeks on supply disruption risks Despite recent gains, the technical outlook remains somewhat bearish for WTI crude This article looks at key tech levels to watch in the coming sessions
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Get Your . . . → Read More: Oil Gains on Supply Disruption Risks but Headwinds Loom, Key Levels to Watch
By admin, on March 28th, 2023
USD/CAD Outlook:
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USD/CAD has fallen below the tight range of support and resistance, that formed around 1.365 . . . → Read More: USD/CAD Price Forecast: Greenback Extends Losses as Loonie Gains
By admin, on March 28th, 2023
US CONSUMER CONFIDENCE KEY POINTS: March U.S. consumer confidence rises to 104.2 from 103.4, topping estimates calling for a decline to 101.00 The small rebound in sentiment can be attributed to a moderate recovery in the expectations index The U.S. dollar retains a negative bias as markets remain focused on the U.S. banking . . . → Read More: US Consumer Confidence Rebounds Unexpectedly, but Fails to Boost US dollar
By admin, on March 28th, 2023
Gold Price (XAU/USD), Chart, and Analysis Gold moves lower as contagion fears recede. US Treasury yields move higher as market attention returns to inflation.
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Risk markets are flat to marginally higher in quiet trade Tuesday . . . → Read More: Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher
By admin, on March 28th, 2023
GBP/USD Prices, Charts, and Analysis GBP/USD made further gains Tuesday The US Dollar saw some broad weakness as banking-crisis fears eased UK rates still look set to gain, but maybe not by much more
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GBPUSD has . . . → Read More: GBPUSD Gains Again, BoE Bailey Says Inflation Fight Comes First
By admin, on March 27th, 2023
GOLD PRICES OUTLOOK: Gold prices (XAU/USD) sink at the start of the week, punished by rising U.S. Treasury yields and improving market mood Stabilizing sentiment may undermine precious metals in the coming days, but the medium-term outlook remains bullish This article looks at key XAU/USD technical levels to watch this week
. . . → Read More: Gold Prices Sink as Yields Pop, Mood Improves, Bullish Momentum Exhausted for Now
By admin, on March 27th, 2023
Nasdaq 100 (.NDX) News and Analysis SVB sale to First Citizens ushers in an eerily calm to the start of the week Nasdaq 100 technical considerations and levels to watch: ‘W formation With markets anticipating rate cuts from the Fed, big tech finds room to over perform on a relative basis The analysis in . . . → Read More: Nasdaq 100 Price Outlook: SVB Sale Soothes Markets, Risk Sentiment
By admin, on March 27th, 2023
US Dollar (DXY) Price and Chart Analysis Risk sentiment boosted by SVB takeover deal. US Treasury yields move higher, rate hike expectations remain the same.
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First Citizen Bank announced before the UK market opened . . . → Read More: US Dollar (DXY) Subdued, Banks Gain, US Treasury Yields Move Higher
By admin, on March 27th, 2023
Crude oil price forecast: WTI crude oil extends gains, pushing prices to psychological resistance at $70.00 per barrel. Brent crude oil heads toward the mid-point of the 2020 – 2022 move providing resistance at $77.00. First Citizens BankShares Inc agrees to acquire the deposits and loans of failed SVB (Silicon Valley Bank), boosting . . . → Read More: Crude Oil Outlook: Oil Prices Bounce off Support as Bank Jitters Ease
By admin, on March 27th, 2023
GBP/USD – Prices, Charts, and Analysis First Citizen to buy Silicon Valley Bank. Sterling steadies around 1.2250 against the US dollar.
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Most Read: British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down
. . . → Read More: British Pound Latest: GBP/USD Squeezes Higher as Risk Sentiment Improves
By admin, on March 24th, 2023
US DOLLAR FORECAST: U.S. dollar gains on Friday on risk-off mood, but post heavy losses for the week The Fed’s decision to ditch its hawkish guidance will help stabilize sentiment soon, but the timeline is uncertain Markets are beginning to price rate cuts for this year, creating a bearish backdrop for the U.S. currency . . . → Read More: US Dollar Outlook: Path of Least Resistance is Lower after Fed Ditches Hawkish View
By admin, on March 24th, 2023
Euro Dollar (EUR/USD) Talking Points: EUR/USD clings to the 50-day moving average (MA) as prices struggle to break free from a broader range of support and resistance. Euro eases after failing to break above 1.090 US Dollar remains vulnerable diminishing growth forecasts and a higher probability of a recession.
. . . → Read More: Euro Dollar Outlook: EUR/USD Takes a Breather as Prices Test Support
By admin, on March 24th, 2023
Gold Price Chart and Analysis Gold prices remain close to one-year highs Hopes that there won’t be too many rate-hikes ahead are supporting non-yielders $2000/ounce is still a formidable hurdle
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Gold prices have cooled a little . . . → Read More: Gold Prices Cool Slightly After Fed’s Dovish Hike Puts $2000 Back in Play
By admin, on March 24th, 2023
GBP/USD – Prices, Charts, and Analysis Retail sales improved in February, flash UK PMIs next. GBP/USD traders eye the US banking sector for signs of stress.
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Most Read: BoE Raise Rates by 25bps, Expecting Inflation . . . → Read More: British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down
By admin, on March 24th, 2023
USD/JPY PRICES, CHARTS AND ANALYSIS:
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USD/JPY FUNDAMENTAL BACKDROP
USD/JPY trickled lower in the Asian session to a . . . → Read More: USD/JPY Eyeing a Break of the 130.000 Handle Following Mixed Inflation Data
By admin, on March 23rd, 2023
GOLD PRICE FORECAST: Gold prices rise following the Fed’s dovish hike at its March FOMC meeting The U.S. central bank raised rates by 25 basis points, but signaled its tightening cycle is coming to an end The fundamental outlook remains positive for gold
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By admin, on March 23rd, 2023
BoE RATE DECISION KEY POINTS:
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The Bank of England have hiked rates by 25 bps as expected . . . → Read More: BoE Raise Rates by 25bps, Expecting Inflation to Cool, GBP Edged Higher
By admin, on March 23rd, 2023
USDJPY Analysis and Charts USD/JPY fell sharply after the Fed on Wednesday The prospect of fewer rate hikes ahead clearly weighed on the Greenback Major Japanese businesses remain gloomy, data showed
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The United States Dollar remained . . . → Read More: USDJPY Heads Lower as Market Digests a More Dovish Fed
By admin, on March 23rd, 2023
US Dollar (DXY) Price and Chart Analysis Is the US rate hiking sequence coming to an end? Fed chair Powell highlights tighter credit conditions.
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A look at the latest Fed Fund rate probabilities currently . . . → Read More: US Dollar (DXY) Touches a Fresh 7-Week Low Despite a 25bp Fed Rate Hike
By admin, on March 23rd, 2023
EUR/USD News and Analysis Dovish FOMC flatters the euro – supports impressive bullish run EUR/USD technical considerations and levels to watch Rising shorts, declining longs add fuel to IG client sentiment’s bullish outlook The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our . . . → Read More: EUR/USD Price Outlook: Dovish FOMC Statement Propels EURUSD Higher
By admin, on March 23rd, 2023
Gold, XAU/USD, Federal Reserve, Jobless Claims – Briefing: Gold prices gained on the Fed as USD and Treasury yields fell All now focus on US initial jobless claims to gauge SVB impact XAU/USD turned back towards key resistance, where to next?
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By admin, on March 23rd, 2023
S&P 500, US Dollar, Jerome Powell, Janet Yellen – Asia Pacific Market Open: The S&P 500 sank 1.6% in the aftermath of the Fed rate decision Chair Jerome Powell tried pouring cold water on rate cut bets Meanwhile, Janet Yellen testimony compounded risk aversion Asia-Pacific markets appear to be bracing for volatility next . . . → Read More: S&P 500 Sinks After Powell Speech and Yellen Testimony, Will US Dollar Rebound?
By admin, on March 22nd, 2023
FED DECISION KEY POINTS: The Federal Reserve raises interest rates by 25 basis points to 4.75%-5.00%, in line with expectations The policy statement removes guidance indicating that ongoing increases in the target range will be appropriate The dot-plot signals the same hiking path for 2023 as the one envisioned three months ago
. . . → Read More: Fed Hikes Rates to Zap Inflation, Offers Less Hawkish Guidance, US Dollar Sinks
By admin, on March 22nd, 2023
US DOLLAR OUTLOOK: U.S. dollar lacks directional conviction, moving between small gains and losses, as traders avoid taking large positions ahead of the FOMC decision The Fed is expected to hike interest rates by 25 basis points to 4.75%-5.00%, though some market participants anticipate a pause in the central bank’s tightening cycle The . . . → Read More: US Dollar Wavers Ahead of Fed Decision. What Should Forex Traders Expect?
By admin, on March 22nd, 2023
Gold Price (XAU/USD) Talking Points: Gold prices remain uncertain – The Vix (known as the ‘fear gauge’) erases 18% of this month’s gain – is it too soon to eliminate contagion fears and a severe recession? XAU/USD trades sideways around $1,946 as market participants wait for Jerome Powell to provide insight into the growth . . . → Read More: Gold Patiently Awaits the Fed’s Next Move – How Will XAU/USD Respond?
By admin, on March 22nd, 2023
USD/JPY Analysis
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Japanese Yen Benefited from Safe Haven Appeal During Panic
From the 9th of March this year when SVB became the center of a potential systemic banking crisis, the Japanese yen received a boost as . . . → Read More: USD/JPY Price Outlook: Scenario-Based Trade Setups Ahead of FOMC
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