EUR/USD PRICE, CHARTS AND ANALYSIS:

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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

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

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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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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

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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

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

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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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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USD/JPY PRICES, CHARTS AND ANALYSIS:

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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.

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

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

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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

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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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

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

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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

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

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

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%

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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AUDUSD PRICE, CHARTS AND ANALYSIS:

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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

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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

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

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?

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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

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?

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.

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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

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

GBP/USD PRICE, CHARTS AND ANALYSIS:

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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

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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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

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

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

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

WTI PRICE, CHARTS and ANALYSIS:

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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

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

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

Gold (XAU/USD) Analysis

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Gold Selloff Stagnates Ahead of Major Event Risk: US CPI

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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

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

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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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

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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

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

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

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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

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

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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

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

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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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

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

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

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

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?

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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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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

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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?

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

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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

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

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?

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

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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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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?

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

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

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

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

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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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

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?

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

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

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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S&P 500, Nasdaq 100 Outlook:

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S&P 500, Nasdaq 100 Disheartened by Rate Expectations & USD Strength

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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?

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

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

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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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

US Dollar (DXY) Price and Chart Analysis

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Trading Forex News: The Strategy

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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%

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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?

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?

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?