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US Dollar Soars after US CPI Data; USD/JPY Stages Bullish Breakout. What Now?
April 11, 2024
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Trading Emerging Market Forex Pairs – USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNH
April 11, 2024
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Euro Outlook: EUR/USD, EUR/GBP Price Setups Ahead of the ECB
April 10, 2024
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US Inflation Jumps, Rate Cut Expectations Pared Back Sharply, Gold Slides
April 10, 2024
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Navigating Volatile Markets: Strategies and Tools for Traders
April 10, 2024
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US Inflation Preview: US Dollar & Stocks on Edge. How to Trade this Risk Event?
April 10, 2024
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FOMC Minutes: Strategies to Trade USD FX Pairs and Gold
April 10, 2024
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Gold Hits Yet Another All-Time High, Silver Surges Ahead of US CPI
April 9, 2024
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Japanese Yen Nears a Multi-Decade Low, Will Talk Turn to Action?
April 9, 2024
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US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising
April 9, 2024
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By admin, on February 22nd, 2023
EUR/USD PRICE, CHARTS AND ANALYSIS:
READ MORE: Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD?
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EUR/USD FUNDAMENTAL OUTLOOK
EURUSD posted modest gains in the Asian session testing a key . . . → Read More: EUR/USD Susceptible to Further Losses Below the 1.0665 Level
By admin, on February 21st, 2023
US PMI KEY POINTS: Flash U.S. Composite rises to 50.2 from 46.8, topping expectations calling for a more modest rebound to 47.5 Services PMI also moves out of contraction territory, climbing to 50.5 from 46.8 previously Manufacturing activity remains weak, but inches higher to 47.8 from 46.9 in January
Recommended . . . → Read More: S&P 500 Slumps as US PMI Recovers, Economic Resilience Boosts Treasury Yields
By admin, on February 21st, 2023
Bitcoin (BTC), Ethereum (ETH) Outlook: Bitcoin (BTC) eases as bulls strive to breach $25,000. Ethereum (ETH) steps back to prior support after failing to hold above $1,700 Risk assets await FOMC minutes and other key economic data
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. . . → Read More: Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance
By admin, on February 21st, 2023
EUR/USD ANALYSIS Better than expected EZ PMI and ZEW economic sentiment aren’t enough to hold back risk-off environment. Falling wedge in play which could point to subsequent upside to come.
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EURO FUNDAMENTAL BACKDROP
The . . . → Read More: Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI & ZEW Data
By admin, on February 21st, 2023
Gold (XAU/USD) Analysis Gold on the back foot as markets price in higher future interest rates Technical considerations: 1833 seen as a tripwire for continued selling 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: Crucial Level for Bearish Continuation Becomes Clearer
By admin, on February 21st, 2023
UK FLASH PMI KEY POINTS:
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The S&P Global/CIPS UK Manufacturing Flash PMI increased to 49.2 in February of 2023 from 47 in January, beating market forecasts of 47.5, preliminary estimates showed. Both the manufacturing . . . → Read More: GBP/USD Rallies as UK PMI Points to a Solid Recovery
By admin, on February 20th, 2023
Euro Dollar (EUR/USD) Talking points Euro Dollar stagnates as the US celebrates President’s Day EUR/USD breaches trendline resistance around 1.069. Can bulls retest 1.070 psychological level? Risk events for the week include sentiment and inflation data for Europe and FOMC minutes
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How to . . . → Read More: Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light
By admin, on February 20th, 2023
Gold Price (XAU/USD), Chart, and Analysis Gold is treading water ahead of event and data risk. The US bond market is closed, and the greenback is listless.
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Receive timely and compelling market commentary . . . → Read More: Gold Prices (XAU/USD) Nudge Higher But Bigger Tests Lie Ahead
By admin, on February 20th, 2023
USD/JPY PRICES, CHARTS AND ANALYSIS:
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Most Read: Japanese Yen Dips as Treasury Yields Climb Ahead of Ueda Testimony. Higher USD/JPY?
USD/JPY FUNDAMENTAL BACKDROP
USD/JPY had a brief push above resistance at the 134.50 level . . . → Read More: USD/JPY Update: Signs of Exhaustion, Acceptance Above 134.50 Needed for Bullish Rally to Continue.
By admin, on February 20th, 2023
POUND STERLING ANALYSIS & TALKING POINTS Quite trading day expected today with Fed speak on the docket. UK labor and US CPI takes the limelight tomorrow. Key psychological levels under threat.
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GBPUSD FUNDAMENTAL BACKDROP . . . → Read More: GBP Price Forecast: Pound Flat Against Peers, Dovish Pressure on BoE Mounting
By admin, on February 20th, 2023
US Dollar, USD, DXY Index, Fed, TIPS, Yields, ECB – Talking Points US Dollar resumed strengthening last week on Fed hawkishness Treasury and real yields appear to be lending USD support for now Today’s US holiday is ahead of some crucial US data later in the week
Recommended by Daniel . . . → Read More: US Dollar Holds Gains as Markets Weigh Fed Moves. Will Yields Boost USD?
By admin, on February 19th, 2023
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The US Dollar outperformed its major counterparts this past week. Looking at the chart below, the Japanese Yen was the worst-performing major currency followed by the New Zealand Dollar and then the Chinese Yuan. USD/JPY . . . → Read More: Markets Week Ahead: US Dollar, Gold, Dow Jones, FOMC Minutes, PCE, NZD/USD, RBNZ
By admin, on February 19th, 2023
GOLD OUTLOOK & ANALYSIS Hawkish Fed remains a strong theme going into next week. US economic data in focus including FOMC minutes, GDP,PCE and consumer sentiment reports. Long lower wick may indicate short-term upside but strong US data may leave gold vulnerable to further weakness.
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. . . → Read More: Gold Price Fundamental Forecast: XAU/USD Tentative Awaiting Fundamental Catalyst
By admin, on February 19th, 2023
CRUDE OIL OUTLOOK: SLIGHTLY BEARISH NEAR TERM Oil prices fell roughly 4% this week, pressured by demand concerns amid rapidly rising interest rates Although oil could trade lower in the coming days, its medium-term outlook remains constructive thanks to the reopening of the Chinese economy This article examines the key technical levels to . . . → Read More: Oil Forecast: Crude Prices Sink on Rising Rates & China’s Slow Demand Recovery
By admin, on February 19th, 2023
USD/CAD FORECAST: MILDLY BULLISH USD/CAD advances and challenges a key technical resistance as volatility begins to pick up Canada’s inflation data could be an important catalyst for price action next week Market sentiment should also be a major driver of the Canadian dollar in the near term
Recommended by Diego Colman . . . → Read More: Canadian Dollar Outlook: Canada’s CPI Eyed as USD/CAD Challenges Key Resistance
By admin, on February 18th, 2023
S&P 500, Dollar, EURUSD and Macro Economic Event Risk Talking Points: The Market Perspective: EURUSD Bearish Below 1.08; USDJPY Bullish Above 133; Dow Bearish Below 33,200 The global capital markets were showing an unusual amount of volatility before an extended holiday weekend (in the US), but the technical picture was less than convincing Top . . . → Read More: Dollar Breakout and S&P 500 Breakdown Don’t Project Conviction Into Next Week
By admin, on February 17th, 2023
US Dollar/ Japanese Yen (USD/JPY) Price Outlook: USD/JPY rises to above 135.00 after Fed officials push for higher rates. US Dollar Index (DXY) erases 2023 losses, pushing prices above 104.00 against a basket of foreign currencies. Japanese Yen (JPY) faces fresh fundamental and technical headwinds after USD breaks higher ahead of a long . . . → Read More: USD/JPY Outlook: Dollar Yen Jumps on Hawkish Fed & Rising Yields
By admin, on February 17th, 2023
U.S. DOLLAR ANALYSIS & TALKING POINTS Fed speakers add to hawkish rhetoric. Will there be more follow through from the bull flag?
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USD FUNDAMENTAL BACKDROP
The Dollar Index (DXY) has been rallying on the back . . . → Read More: USD Price Forecast: Dollar Index (DXY) Reacting Favorably to Fed Speakers
By admin, on February 17th, 2023
EUR/USD News and Analysis EUR/USD decline gathers pace on stickier PPI print and hawkish Fed comments Technical update: EURUSD bearish break gains traction Euro sentiment data, FOMC minutes and US consumer sentiment next week The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: EUR/USD Latest: Trendline Break and Rate Expectations Climb to 3.75%
By admin, on February 17th, 2023
GBP/USD – Prices, Charts, and Analysis US dollar strength is forcing GBP/USD back towards multi-month lows. UK data may empower the MPC doves, leaving Sterling vulnerable.
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Receive timely and compelling market commentary from . . . → Read More: British Pound (GBP) Latest: GBP/USD Slumps, a Victim of US Dollar Strength
By admin, on February 17th, 2023
AUDUSD PRICE, CHARTS AND ANALYSIS:
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Most Read: US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?
AUDUSD FUNDAMENTAL BACKDROP
AUDUSD continued its move to the downside in the Asian session as . . . → Read More: AUD/USD Price Forecast: Hawkish RBA Unable to Arrest Slide, 200-Day MA in Focus
By admin, on February 17th, 2023
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The global economy is looking at a very tough year Recession is not certain, but it may now be difficult to avoid What can past recessions teach us about what may be coming? . . . → Read More: What Past Global Recessions Can Teach Us About the Next One
By admin, on February 17th, 2023
Gold, XAU/USD, Fedspeak, Technical Analysis – Briefing: Gold prices extend losses during Friday APAC hours Hawkish Fedspeak continues pushing up bond yields XAU/USD remains biased lower from a technical view
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Gold prices were little . . . → Read More: Gold Prices Remain Vulnerable Amid Hawkish Fedspeak and Further Hike Odds
By admin, on February 17th, 2023
US Dollar, Federal Reserve, PPI, DXY Index, Treasury Yields – Talking Points The US Dollar continued strengthening today after Treasury yields soared PPI data reveals an economy with price pressures building again The Fed reminded markets of potential outsized hikes. Where to for USD?
Trade Smarter – . . . → Read More: US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?
By admin, on February 17th, 2023
S&P 500, Dollar, EURUSD, GBPUSD and AUDUSD USDJPY, Talking Points: The Market Perspective: EURUSD Bearish Below 1.08; USDJPY Bullish Above 133 A risk aversion lean through Thursday found a fight in the through the Thursday session, but benchmarks are entering Friday trade on the cusp of prominent technical levels Where the S&P 500 is . . . → Read More: Dollar’s Friday Breakout Potential: EURUSD, GBPUSD, AUDUSD and USDJPY
By admin, on February 17th, 2023
EQUITY MARKET OUTLOOK S&P 500 has lacked directional conviction in recent days following the strong rally earlier in the year The jump in Treasury yields over the past several days is changing the calculus on Wall Street, but sentiment hasn’t yet taken a major hit This article looks at major tech levels to . . . → Read More: S&P 500 Underwater but Exuberance Hasn’t Yet Cracked – What Now for Stocks?
By admin, on February 16th, 2023
Bitcoin, Ethereum Talking Points
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Bitcoin Challenges Six-Month Highs, Ignoring Risks of Higher Rates
Bitcoin prices have risen to their highest levels in six months, increasing the potential for the major cryptocurrency to retest $25,000.
. . . → Read More: Bitcoin Price Outlook: Speculative Buying Sends BTC/USD, ETH/USD to Multi-Month Highs
By admin, on February 16th, 2023
EUR/USD News and Analysis Panetta warns of risks of overtightening and a preference for smaller rate hikes EUR/USD at key decision point as the pair approaches support Economic data skewed towards next week with ZEW and IFO sentiment data The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: EUR/USD Update: EURUSD at Decision Point as the ECB’s Doves Weigh in
By admin, on February 16th, 2023
S&P 500 and Nasdaq 100 – Fundamental Forecasts and Analysis S&P 500 is eyeing a fresh multi-month high. The Nasdaq 100 has formed a bullish flag.
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US equity markets continue to defy market logic . . . → Read More: S&P 500, Nasdaq 100 Price Action – Pushing Higher Against Market Wisdom
By admin, on February 16th, 2023
GBP/USD PRICE, CHARTS AND ANALYSIS:
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Most Read: Breaking News: CPI Miss Confirms Cooling UK Inflation, GBP on Offer
GBP/USD FUNDAMENTAL BACKDROP
GBPUSD printed mild gains overnight which continued following the European open this morning . . . → Read More: GBP/USD Grinds Higher Following its Worst Day of Losses in 2 Weeks
By admin, on February 16th, 2023
BRENT CRUDE OIL (LCOc1) ANALYSIS & TALKING POINTS Crude oil prices dismissive of higher stockpiles. Higher demand projections driving crude oil but USD rebound may limit upside potential. Bear flag remains in focus but a long way to go before we see breakout potential.
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Get . . . → Read More: Crude Oil Price Forecast: Brent Finding its Footing on Revised Demand Outlook & Weaker USD
By admin, on February 15th, 2023
Gold Price (XAU/USD) Outlook:
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Gold Prices Sink as Higher Rate Expectations Drive USD Strength
Gold prices have extended losses in the aftermath of US CPI data, placing additional pressure on the precious metal. With the . . . → Read More: Gold Price Forecast: XAU/USD Battered in the Aftermath of US CPI
By admin, on February 15th, 2023
US Dollar (DXY) Price and Chart Analysis Retail sales pick up in January, NY Empire State Manuf Index also beats to the upside. The US dollar continues to push higher.
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Receive timely and . . . → Read More: US Retail Sales Beat Expectations, US Dollar (DXY) Continues to Move Higher
By admin, on February 15th, 2023
FTSE Technical Analysis
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Will 8000 Prove too Much for FTSE Bulls?
Trading in the direction of the trend is not only sensible, but often the most prudent approach when analyzing financial markets. That holds . . . → Read More: FTSE Price Outlook: UK Index Falters at 8000 Level as Signs of Fatigue Show
By admin, on February 15th, 2023
USD/JPY Price and Chart Analysis The New BoJ governor is going to have his hands full from day one. US dollar strength pushes USD/JPY to a fresh six-week high.
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Kazuo Ueda, the Japanese government’s nomination . . . → Read More: USD/JPY Pushing Higher on US Dollar Strength and Yen Weakness
By admin, on February 15th, 2023
WTI PRICE, CHARTS and ANALYSIS:
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Most Read: Breaking News: CPI Miss Confirms Cooling UK Inflation, GBP on Offer
WTI FUNDAMENTAL OUTLOOK
Crude Oil faced renewed selling pressure yesterday as US inventories showed an increase of . . . → Read More: WTI Oil Price Forecast: Eyeing Potential Bounce Off 50-Day MA
By admin, on February 14th, 2023
US Equity Futures Latest: Nasdaq, S&P Linger After as Inflation Remains Elevated
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US CPI Rattles Markets as Investors Await Fed Speak
US CPI data was the focus of today’s economic calendar, setting the tone for . . . → Read More: US Indices Post US CPI: Inflation Rattles S&P 500, Nasdaq and Dow Jones
By admin, on February 14th, 2023
U.S. DOLLAR/SPX ANALYSIS U.S. CPI (JAN) – HEADLINE ACT: 6.4%, EST: 6.2%; CORE ACT: 5.6%, EST: 5.5% Fed guidance to come.
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U.S. INFLATION PRINT A NON-EVENT AHEAD OF THE US OPEN
Inflation for the . . . → Read More: Breaking News: Indecisive Market Reaction to US CPI Beat
By admin, on February 14th, 2023
Gold (XAU/USD) Analysis
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Gold Selloff Stagnates Ahead of Major Event Risk: US CPI
The weekly gold chart shows a marked slowdown in the gold selloff, particularly last week which produced a doji candle – . . . → Read More: Gold Price Setup Ahead of US CPI: Bear Flag Hints at Further Downside
By admin, on February 14th, 2023
EUR/USD Price, Chart, and Analysis Euro Area growth estimates are in line with forecasts. US CPI is the next macro driver of note.
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Most Read: US Bond Yields Rally Further Ahead of a Major . . . → Read More: Euro Update: EUR/USD Holds Early Gains After EU GDP Release, US CPI Looms
By admin, on February 14th, 2023
BRENT CRUDE OIL (LCOc1) ANALYSIS & TALKING POINTS OPEC and API reports to be overshadowed by U.S. inflation announcement as the USD dominates global market moves today. Higher inflation data could see a pullback in Brent crude oil prices while a miss on estimates may lead to a breakout above the $80 handle. . . . → Read More: Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI
By admin, on February 13th, 2023
Turkey’s Economic Bleak Outlook Fueled by Outrage Against President Erdogan President Erdogan under severe scrutiny – Death toll from last week’s earthquake reaches 36,000. USD/TRY rises towards all-time high as political tensions rise. US Dollar resilience holds ahead of tomorrow’s US CPI print
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. . . → Read More: Earthquake Death Toll Tops 36,000 – Outrage Adds Pressure to USD/TRY
By admin, on February 13th, 2023
Gold Price (XAU/USD), Chart, and Analysis Gold is struggling to make any headway. Will Tuesday’s US CPI data match the Fed’s hawkish narrative?
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US Bond Yields Rally Further Ahead of a Major US Inflation Report
. . . → Read More: Gold Prices Look Oversold but the Short-Term Outlook Remains Uncertain
By admin, on February 13th, 2023
EUR/USD PRICE, CHARTS AND ANALYSIS:
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READ MORE: US Bond Yields Rally Further Ahead of a Major US Inflation Report
EUR/USD FUNDAMENTAL OUTLOOK
EURUSD remains flat following the London Open despite the European Commission raising . . . → Read More: EUR/USD Remains Vulnerable Ahead of Key Data Releases
By admin, on February 13th, 2023
US Dollar (DXY) Price and Chart Analysis US 2-year yields break above 4.50%. Tuesday’s US inflation report will be this week’s big market driver.
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Receive timely and compelling market commentary from the DailyFX . . . → Read More: US Bond Yields Rally Further Ahead of a Major US Inflation Report
By admin, on February 13th, 2023
POUND STERLING ANALYSIS & TALKING POINTS Quite trading day expected today with Fed speak on the docket. UK labor and US CPI takes the limelight tomorrow. Key psychological levels under threat.
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GBPUSD FUNDAMENTAL BACKDROP . . . → Read More: GBP/USD Price Forecast: Calm Before the Storm for Pound
By admin, on February 12th, 2023
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Global market sentiment generally deteriorated this past week. On Wall Street, the Dow Jones and Nasdaq 100 weakened 0.17% and 2.41%, respectively. Things were not much better across the Atlantic, where the FTSE 100 and . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, US CPI
By admin, on February 12th, 2023
US DOLLAR OUTLOOK: BULLISH The US Dollar Index rises for the second week in a row, bolstered by rising Treasury rates U.S. bond yields reach more than four-week highs as traders reprice higher the path of monetary policy All eyes will be on the January inflation report in the week ahead
. . . → Read More: US Dollar Forecast: Inflation Data to Set Tone for Bond Yields, Fed Path
By admin, on February 10th, 2023
U.S. STOCK MARKET ANALYSIS & OUTLOOK Yields hurt growth stocks bringing down U.S. stock prices. Focus will be solely on U.S. CPI next week. Bull flags apparent on both daily SPX and NDX charts.
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. . . → Read More: S&P 500, NDX Weekly Price Forecast: Higher Yields Weigh on Stocks Ahead of US CPI
By admin, on February 10th, 2023
CONSUMER SENTIMENT KEY POINTS: February consumer sentiment climbs to 66.4 from 64.9 previously, topping market expectations of 65.00 The improvement in confidence levels suggests that Americans are more optimistic about the economic outlook, a good sign for household spending Elsewhere in the report, one-year inflation expectations rises to 4.2%, while the five-year ahead . . . → Read More: S&P 500 Perks Up as Consumer Sentiment Extends Gains, But Risks Remain Elevated
By admin, on February 10th, 2023
German Dax Talking Points: DAX prices plunge after rising to a 12-month high of 15705 in yesterday’s session The German 40 index sinks below 15400, driving the CCI (commodity channel index) away from overbought territory European equities face challenging times as critical resistance firms
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. . . → Read More: Dax Prices Beaten Down by Technical Headwinds
By admin, on February 10th, 2023
US Dollar (DXY) Analysis US dollar waiting game continues ahead of next week’s CPI data with the 50 SMA in focus once more Consolidating DXY symptomatic of a market waiting for the next catalyst. Key levels to watch University of Michigan Sentiment and more Fed speak into the end of the week The analysis . . . → Read More: US Dollar Price Forecast: DXY Nestles Beneath Dynamic Resistance
By admin, on February 10th, 2023
GOLD OUTLOOK & ANALYSIS Fed speakers and consumer sentiment in focus. Technical analysis suggests more downside to come – potential death cross, bear flag breakout.
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XAU/USD FUNDAMENTAL BACKDROP
Gold prices have come under pressure . . . → Read More: Gold Price Forecast: Ominous Signs for XAU/USD
By admin, on February 10th, 2023
USD/JPY Price and Chart Analysis The new BoJ governor will have a tough job on his hands. USD/JPY slides lower in volatile end-of-week turnover.
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According to breaking news in The Nikkei Asia, a former . . . → Read More: USD/JPY Tests 130.00 as New BoJ Governor Rumors Swirl
By admin, on February 10th, 2023
UK GDP Q4 ’22 (PRELIM) KEY POINTS:
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UK GDP preliminary data for Q4 2022 indicated a definite slowdown despite matching estimates. Monthly real gross domestic product (GDP) is estimated to have fallen by 0.5% . . . → Read More: Breaking News: UK GDP Data in Line with Estimates, GBP/USD Steady
By admin, on February 10th, 2023
Swedish Krona, EUR/SEK, USD/SEK, Norwegian Krone, EUR/NOK, USD/NOK – Talking Points The Swedish Krona launched higher after the Riksbank rate hike The Nordic bank has a similar inflation fight to other central banks If the Riksbank maintains the hawkish stance, will SEK strengthen more?
Trade Smarter – . . . → Read More: Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?
By admin, on February 10th, 2023
Gold, US Dollar, Treasury Yields, Fedspeak – Asia Pacific Market Open: Gold prices fell on Thursday as US Dollar and bond yields rose Hawkish Fedspeak and US jobless claims data cooled pivot bets Asia-Pacific risk aversion may spell more trouble for XAU/USD
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By admin, on February 10th, 2023
STOCK MARKET OUTLOOK: U.S. stocks give up strong early morning gains and take a turn to the downside amid monetary policy uncertainty The Nasdaq 100 erases a 1.5% advance and moves into negative as Treasury yields charge higher This article explores key Nasdaq 100 technical levels to monitor in the coming days
Most . . . → Read More: Nasdaq 100 Outlook: Stock Market Rally Fizzles on Fed Monetary Policy Jitters
By admin, on February 9th, 2023
Gold Talking Points:
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Gold futures have struggled to recover from last week’s declines which drove XAU/USD below $1900. After climbing to a nine-month high of $1975.2 last week, the release of strong US economic . . . → Read More: Gold Prices Held Hostage by Fed Expectations – What Next for XAU?
By admin, on February 9th, 2023
EURO OUTLOOK: EUR/USD resumes its ascent on risk-on market mood after a brief pullback earlier this week While positive momentum is on the euro’s side, the bullish impetus may run out of gas soon This article explores key EUR/USD technical levels to key an eye on in the near term
Most Read: British Pound . . . → Read More: Euro Forecast: EUR/USD Gains but Bullish Momentum May Run Out of Steam Soon
By admin, on February 9th, 2023
DAX (Germany 30) Analysis Siemens Q1 earnings report keeps the DAX on the front foot Dax testing top end of the rising wedge pattern German inflation rises above the December print but rose less than expected The analysis in this article makes use of chart patterns and key support and resistance levels. For . . . → Read More: DAX 40 Price Outlook: Siemens Positive Q1 Results Sends the Index Higher
By admin, on February 9th, 2023
GBPUSD – Prices, Charts, and Analysis The outlook for UK growth remains bleak. BoE is worried that UK inflation will remain stubbornly high.
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. . . → Read More: British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness
By admin, on February 9th, 2023
WTI PRICE, CHARTS and ANALYSIS:
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WTI FUNDAMENTAL OUTLOOK
Crude Oil continued its rise in early European trade today after hitting $78.50 a barrel yesterday, a fresh weekly high. The recovery has been swift following . . . → Read More: WTI Oil Hits Fresh Weekly High, Retracement Before Continuation?
By admin, on February 9th, 2023
AUD/USD ANALYSIS & TALKING POINTS Two hawkish central banks (RBA and Fed) battle it out. U.S. jobless claims in focus later today. AUD/USD sandwiched between 0.69 and 0.70 respectively.
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AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP
. . . → Read More: AUD Price Forecast: RBA Shielding Aussie Dollar Against Hawkish Fed
By admin, on February 9th, 2023
US Dollar, USD/JPY, AUD, NZD, Fed, China, Crude Oil, Gold – Talking Points The US Dollar resumed strengthening but softens in Asian trade The Fed reminded markets of their intention and equities responded If China’s reopening goes smoothly, will the USD be impacted?
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Forex . . . → Read More: US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?
By admin, on February 9th, 2023
S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking Points The S&P 500 has eased as the market appears to be listening to the Fed A chorus of Fed speakers all sung from the same song sheet overnight The tightening cycle appears to have been elongated. Will the S&P 500 . . . → Read More: S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
By admin, on February 8th, 2023
FTSE 100 Reaches New High as Resilient Earnings Fuel Sentiment FTSE 100 records another fresh all-time high as resilient earnings boost UK equities BT Group PLC, Persimmon and BP lead gains
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FTSE 100 . . . → Read More: FTSE 100 Hits Another Record High – Upbeat Earnings Lift Sentiment
By admin, on February 8th, 2023
US Dollar (DXY) Price and Chart Analysis The US dollar slips after the Fed chair dials back on the hawkish narrative. S&P 500 and the Nasdaq 100 are within touching distance of new multi-week highs.
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. . . → Read More: US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell
By admin, on February 8th, 2023
Gold (XAU/USD) PRICE, CHARTS and ANALYSIS:
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MOST READ: Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing
Gold (XAU/USD) FUNDAMENTAL BACKDROP
Gold continued its push higher ahead of the European . . . → Read More: Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric
By admin, on February 8th, 2023
USD/JPY News and Analysis
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PM Kishida to Present New BoJ Nominations to Parliament Next Week
Japanese Prime Minister Fumio Kishida provided the first prerequisite for the new Bank of Japan (BoJ) candidate who will replace . . . → Read More: USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ Head
By admin, on February 8th, 2023
POUND STERLING ANALYSIS & TALKING POINTS Fed officials in focus today – will the hawkish rhetoric continue? Lingering UK strike action does not bode well for UK economy. Daily cable chart exhibits caution as traders await fundamental cues.
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. . . → Read More: British Pound (GBP) Forecast: Cable Shaped by USD Factors
By admin, on February 7th, 2023
US Dollar Rand (USD/ZAR) Price Outlook: Rand shrugs off Eskom woes and rising debt burden after 100 consecutive days of rolling blackouts (load shedding). USD faces uncertainty as geopolitical tensions rise. USD/ZAR price action faces pressure after brief retest of psychological resistance at 17.700.
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. . . → Read More: USD/ZAR Humbled by Psychological Resistance at 17.700
By admin, on February 7th, 2023
GBP/USD PRICE, CHARTS and ANALYSIS:
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GBP/USD FUNDAMENTAL BACKDROP
Cable gained some ground in the Asian session before the London open saw it pierce through the psychological 1.2000 handle. Friday’s US jobs report continues to . . . → Read More: GBP/USD Pierces Through Psychological 1.2000 Level. Further Downside Ahead?
By admin, on February 7th, 2023
BP Earnings, FTSE 100 Index Analysis BP announces record profit, share buybacks and a step back from oil output reductions FTSE 100 Index approaches its first test of the newly formed all-time high on upbeat BP results. BP share price and positive tailwinds from Shell help keep the index moving higher The analysis . . . → Read More: BP’s Record Profits has the FTSE 100 Index Approaching New All-Time High
By admin, on February 7th, 2023
Gold Price (XAU/USD), Chart, and Analysis US Treasury yields eye multi-week highs. Gold looks oversold but remains vulnerable to further downside.
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The yield on the interest-rate sensitive UST 2yr is sitting just below levels last . . . → Read More: Gold Prices Remain Weak, US Treasury Yields Test Multi-Week Highs
By admin, on February 7th, 2023
BRENT CRUDE OIL (LCOc1) TALKING POINTS & ANALYSIS All eyes point to Fed Chair Jerome Powell for guidance later today. Future crude oil demand emphasized by IEA report while interruption at key export terminal in Turkey backs crude oil prices. Key resistance zone under pressure.
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. . . → Read More: Brent Crude Oil Taking Advantage of Weaker USD, IEA Outlook & Supply Interruptions
By admin, on February 6th, 2023
S&P 500, Nasdaq 100 Outlook:
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S&P 500, Nasdaq 100 Disheartened by Rate Expectations & USD Strength
US stock indices have continued to trade lower after Friday’s NFP (non-farm payrolls) report sent . . . → Read More: US Stocks Battered in the Aftermath of NFP’s – S&P 500, Nasdaq Sink
By admin, on February 6th, 2023
GBP/USD – Prices, Charts, and Analysis The US dollar pushes higher but is starting to look overbought. UK Q4 GDP on Friday is the next focus for Sterling traders.
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The US dollar is pushing further . . . → Read More: British Pound Outlook: GBP/USD Yields to US Dollar Strength, Where to Next?
By admin, on February 6th, 2023
Bank of Japan (BoJ) – Foreign Exchange Market Intervention
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The Bank of Japan’s ultra-loose monetary policy is under pressure from a swathe of global central banks embarking on a series of rate hikes and . . . → Read More: Bank of Japan (BoJ) – Foreign Exchange Market Intervention
By admin, on February 6th, 2023
USD/JPY PRICES, CHARTS and ANALYSIS:
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Most Read: US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
USD/JPY FUNDAMENTAL BACKDROP
USD/JPY hit a fresh 3-week high in . . . → Read More: USD/JPY Hits Fresh 3-Week High on Speculation of New BoJ Governor
By admin, on February 6th, 2023
EUR/USD ANALYSIS & TALKING POINTS U.S. dollar strength develops in early trading. EZ retail sales and ECB’s Lagarde in focus today. Markets bet on 5% Fed peak rate once more. Weekly long wick candle could suggest more pressure on euro in the medium-term.
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Get . . . → Read More: EUR/USD Forecast: No Let Up for Euro Post-NFP, What Fed Pivot?
By admin, on February 4th, 2023
Dow, Nasdaq 100, Dollar, USDJPY and Rate Forecasts Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 In a week packed with event risk, the strong US NFPs and service sector activity shaped the Fed rate hike interpretation for a distinct Dollar take Where the Greenback’s fundamentals seem more direct, . . . → Read More: Dow’s Skepticism Anchors Nasdaq Volatility, Dollar Charged by NFPs and Rate Forecasts
By admin, on February 3rd, 2023
US Dollar (DXY) Price and Chart Analysis
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Most Read: US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling
Total nonfarm payroll employment increased by 517k in January, and the unemployment . . . → Read More: Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%
By admin, on February 3rd, 2023
Major Central Bank Roundup and Analysis Fed: The Fed still has questions around softer inflation but markets call its bluff Bank of England hints at a rate pause but keeps the door open to further hikes if required A unified ECB calls for multiple 50 bps hikes after this one as core inflation refuses . . . → Read More: Central Bank Recap: Crucial Takeaways from the FED, BoE and ECB
By admin, on February 3rd, 2023
EUR/USD Price and Analysis EUR/USD ticks up on better growth data The European Central Bank’s Thursday rate rise was as expected and didn’t offer much support US Data will be in focus as the session goes on
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. . . → Read More: EURUSD Gains As Eurozone Data Show Modest Return To Growth
By admin, on February 3rd, 2023
WTI PRICE, CHARTS and ANALYSIS:
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WTI FUNDAMENTAL OUTLOOK
Crude Oil has had a difficult week despite broad-based US Dollar weakness for the majority of the week. WTI hit a fresh three-week low yesterday and . . . → Read More: WTI Oil Update: Delicately Poised Ahead of NFP Release
By admin, on February 3rd, 2023
GOLD ANALYSIS & OUTLOOK Markets respectful of Fed’s hawkish language, USD bid. NFP and ISM Non-Manufacturing data in focus later today. XAU/USD daily close key for near term directional bias.
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XAU/USD FUNDAMENTAL BACKDROP
. . . → Read More: Gold Price Forecast: XAU/USD on the Precipice
By admin, on February 3rd, 2023
Crude Oil, US Dollar, WTI, Brent, FOMC, Fed, BoE, ECB. OPEC+ China – Talking Points Crude oil prices have found some support after a tumultuous week The Fed, BoE and ECB tightening has raised recession concerns OPEC+ maintain its target while China resurfaces. Where to for WTI?
Recommended by Daniel . . . → Read More: Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?
By admin, on February 3rd, 2023
US Dollar, Jobless Claims, Apple & Amazon Earnings – Asia Pacific Market Open: US Dollar pivots on Thursday after disappointing Wednesday Upbeat jobless claims data underscored data-dependent Fed Soft Apple & Amazon earnings may benefit DXY before NFPs
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. . . → Read More: US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls
By admin, on February 3rd, 2023
Nasdaq 100, Dollar, EURUSD, NFPs and Recession Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Spurred on by the dovish interpretation of the Fed and Meta earnings the previous day, the Nasdaq 100 and S&P 500 charged Thursday…while the Dow closed lower A strong Dollar with EURUSD reversal defied . . . → Read More: Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs
By admin, on February 3rd, 2023
Earnings, Apple, Amazon, Google and Nasdaq 100 Talking Points: The Market Perspective: Bearish Nasdaq 100 Relative to Bullish Dow Index Amazon and Google both offered mixed earnings results with both companies short of analysts’ EPS forecasts, though revenues were not a detriment Apple, sporting the largest market cap in the world above $2 trillion, . . . → Read More: Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed
By admin, on February 2nd, 2023
Gold (XAU/USD), Silver (XAG/USD) Outlook: Gold prices rise to nine-month high – Fed, ECB and BoE rate hikes boost precious metals before retreating to support. Silver futures wrestle with resistance around $24.220, a key historic level that continues to keep bulls in check. Interest rates rise in-line with expectations – economic outlook remains bleak . . . → Read More: Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suit
By admin, on February 2nd, 2023
Crude Oil Price, Chart, and Analysis Oil prices made fleeting gains after US rates rose as expected Major producers agreed to extend their production cuts on Wednesday US inventories rose by much more than expected
Oil prices slipped back in Thursday’s European session after short-lived gains in Asia following the United States Federal Reserve’s . . . → Read More: Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy
By admin, on February 2nd, 2023
ECB Rate Decision Key Points:
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The European Central Bank has raised interest rates by 50bps in line with expectations. The central bankexpects to raise rates further keeping them at levels that are sufficiently restrictive . . . → Read More: EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
By admin, on February 2nd, 2023
POUND STERLING TALKING POINTS GBP on offer after BoE’s 50bps rate hike. Wording in MPC report less aggressive than prior releases. Pullback on GBP/USD on the cards.
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GBP FUNDAMENTAL BACKDROP
. . . → Read More: Breaking News: BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report
By admin, on February 2nd, 2023
USD/JPY Analysis Risk assets rally after FOMC on encouraging disinflation admission, appearing to ignore the warnings that accompanied it Narrowing rate differential suggests USD/JPY trend continuation USD/JPY technical analysis and levels to watch ahead of NFP data The analysis in this article makes use of chart patterns and key support and resistance levels. . . . → Read More: USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move
By admin, on February 2nd, 2023
US Dollar (DXY) Price and Chart Analysis US Treasury yields slump post-FOMC meeting. Friday’s NFPs are the next obstacle for the bulls to negotiate.
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Most Read: US Dollar Latest: Weak Rebound Off the Multi-Month . . . → Read More: US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling
By admin, on February 2nd, 2023
Gold, XAU/USD, Federal Reserve, Technical Analysis – Briefing: Gold prices rallied the most in almost 2 weeks after the Fed Markets continue to bet against Powell’s rate outlook vision XAU/USD now turns to non-farm payrolls data on Friday
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. . . → Read More: Gold Prices Rallied as Markets Kept Betting Against the Fed, Now What?
By admin, on February 2nd, 2023
Euro, EUR/USD, US Dollar, GBP/USD, ECB, BoE, AUD/USD, Crude Oil – Talking Points Euro support continues as US Dollar IS undermined by dovish perceptions The Fed hiked rates but Fed Chair Powell’s comments juiced up markets If the ECB hike as anticipated, will EUR/USD turn around?
Recommended by Daniel McCarthy . . . → Read More: Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
By admin, on February 2nd, 2023
The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?
US Dollar, DXY Index, USD, Fed, FOMC, Powell, Disinflation – Talking Points The US Dollar has been vanquished by the . . . → Read More: US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?
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