Time4VPS - VPS hosting in Europe

AUD/USD Gains on Encouraging Covid Data as S&P 500 Closes at Record High

Australian Dollar, AUD/USD, Japan CPI, Covid, Holiday Trading – Talking Points Risk assets gain as Covid fears set aside on encouraging data Quiet APAC session expected on light holiday trading volumes AUD/USD puts in fresh monthly high after overnight gains Friday’s Asia-Pacific Forecast

Asia-Pacific markets may move higher to end the week after . . . → Read More: AUD/USD Gains on Encouraging Covid Data as S&P 500 Closes at Record High

US Core PCE Hits 4.7%, Beating Expectations, US Dollar (DXY) Moves Higher

US Dollar Price, Chart, and Analysis Core PCE hits 4.7% in November, October revised 0.1% higher to 4.2%. US dollar ticks higher in holiday-thinned trading conditions.

US core PCE – a measure of prices that people living in the US pay for goods and services excluding food and energy –hit 4.7% in November, . . . → Read More: US Core PCE Hits 4.7%, Beating Expectations, US Dollar (DXY) Moves Higher

Bank of England Hiking Cycle: FTSE 100, FTSE 250, GBP/USD, GBP/EUR Analysis

GBP, FTSE 100, FTSE 250, BOE Analysis and News

BoE Rate Liftoff Despite BoE’s Cautious Communication Historical Performance of UK Assets During BoE Hiking Cycles

The Bank of England surprised market participants yet again by raising interest rates by 15bps to 0.25%. I say surprised given that ahead of the December meeting, . . . → Read More: Bank of England Hiking Cycle: FTSE 100, FTSE 250, GBP/USD, GBP/EUR Analysis

High Beta Currencies Benefit From Year-End Short Squeeze, Reflecting on GBP/JPY Top Trade

FX Analysis and News

Year-End Short Squeeze Benefits High Beta Currencies Reflection on GBP/JPY

As I mentioned yesterday, this is one of those weeks where you should not read too much into market moves. Thin volumes will likely exacerbate much of the price action we have seen over the past few sessions, . . . → Read More: High Beta Currencies Benefit From Year-End Short Squeeze, Reflecting on GBP/JPY Top Trade

FTSE 100, British Pound (GBP) Nudge Higher on Positive News Flow

FTSE 100 and GBP/USD Price, Chart, and Analysis

Omicron may not be as severe as the Delta variant, according to recent studies. US Q3 GDP data beat market expectations.

The FTSE 100 is trading around 0.4% higher in early turnover mirroring gains seen in the US yesterday and Asian markets overnight. News . . . → Read More: FTSE 100, British Pound (GBP) Nudge Higher on Positive News Flow

Forex Spreads Trading Strategies & Tips

– Reviewed by James Stanley, Nov. 24, 2021

This article will explore top forex spread trading techniques and key tips traders should follow to protect themselves against a widening spread.

The forex spread is the difference in price between the bid (buy) and the ask (sell) price. The spread can widen . . . → Read More: Forex Spreads Trading Strategies & Tips

British Pound (GBP) – Mixed UK Q3 GDP Data, GBP/USD Nudges Higher

GBP/USD Price, Chart, and Analysis

Mixed UK Q3 GDP data lends Sterling a small bid. Market liquidity continues to thin ahead of the holiday period.

The UK economy grew by 1.1% between July and September this year, missing prior forecasts of 1.3% growth. The annualized rate however beta prior forecasts – 6.8% . . . → Read More: British Pound (GBP) – Mixed UK Q3 GDP Data, GBP/USD Nudges Higher

Canadian Dollar Looking Undervalued vs USD, Markets Chop as Volumes Dwindle

CAD Analysis and News

Directionless trade amid low volumes and lack of narratives CAD Looking Undervalued vs USD

Volatility Drifts Lower Ahead of Festive Period

As volumes continue to dwindle and vol heading lower ahead of the festive break, this is one of those weeks where you should not read too . . . → Read More: Canadian Dollar Looking Undervalued vs USD, Markets Chop as Volumes Dwindle

Stock Trader Sara Goldstein on Developing an Expertise

[embedded content]

Stock Trader Sara Goldstein on Developing an Expertise

Sara Goldstein clearly remembers the cold day in January 2015 when the Swiss National Bank suddenly dropped its cap on the franc sending the safe-haven currency soaring against the Euro. In minutes, the Swiss Franc rose nearly 30% against the . . . → Read More: Stock Trader Sara Goldstein on Developing an Expertise

Crude Oil May Rise Further on EIA Cushing Inventory Levels

Crude Oil, API Inventory, EIA, Inventory, Prompt Spread- Talking Points Oil rises alongside broader market as risk aversion pulls back EIA inventory data eyed after API shows US inventory draw Technical outlook puts December high in focus after gains

Oil prices are rising through Asia-Pacific trading after a pullback in risk aversion surrounding . . . → Read More: Crude Oil May Rise Further on EIA Cushing Inventory Levels

NZD/USD Rebound Aims Higher After Upbeat Consumer Confidence Data

New Zealand Dollar, NZD/USD, Consumer Confidence, USD/TRY – Talking Points Asia-Pacific markets may see a risk-on session today after gains across Wall Street New Zealand consumer confidence improved in December as Covid threat looms NZD/USD forms Bullish Engulfing candlestick overnight as prices near 20-day SMA Wednesday’s Asia-Pacific Forecast

The New Zealand Dollar surged . . . → Read More: NZD/USD Rebound Aims Higher After Upbeat Consumer Confidence Data

Forex Trading Journal: A How-To and other Forex Trading Tips

– Reviewed by James Stanley, Nov. 24, 2021

A forex trading journal is a log of your trades that can help you refine your strategies based on learning from previous experiences. Just as a business owner tracks inventory, a trader should also keep up with their closed positions.

While keeping a . . . → Read More: Forex Trading Journal: A How-To and other Forex Trading Tips

Gold Price (XAU/USD) – Struggle Continues in Low Volatility Conditions

Gold Price (XAU/USD), Chart, and Analysis

Gold remains quiet ahead of the Christmas period. Traders cutting back their short positions.

How to Manage the Emotions of Trading

Gold traders are unlikely to see a pick-up in volatility ahead of the Christmas slow down as short-term support and resistance levels remain in . . . → Read More: Gold Price (XAU/USD) – Struggle Continues in Low Volatility Conditions

USD Long Far From Crowded, GBP Sentiment Deteriorates, NZD Flips to Net Short – COT Report

US Dollar, GBP/USD, NZD/USD COT Report –Analysis

USD Longs Not Yet Crowded GBP Sentiment Continues to Deteriorate NZD Flips to Net Short

USD Long Far From Crowded, GBP Sentiment Deteriorates, NZD Flips to Net Short – COT Report

In the week through to December 14th, net longs in the US Dollar . . . → Read More: USD Long Far From Crowded, GBP Sentiment Deteriorates, NZD Flips to Net Short – COT Report

Turkish Lira Eyes Best Week in 40 Years, USD/TRY Rapidly Sinks in Illiquid Conditions

Turkish Lira, USD/TRY – Market Alert Turkish Lira suddenly appreciates during illiquid year-end conditions TRY is aiming for the best week in almost 40 years at the time of writing USD/TRY down about 40% from the December 20th high at 18.362

The Turkish Lira suddenly and quite rapidly appreciated heavily against the US . . . → Read More: Turkish Lira Eyes Best Week in 40 Years, USD/TRY Rapidly Sinks in Illiquid Conditions

US Dollar Holds the High Ground as Biden’s Plan Hits a Hurdle. Will USD Rally Resume?

US Dollar, S&P 500,VIX, Nikkei 225, Turkish Lira, USD/TRY, RBA – Talking Points The US Dollar has held steady as markets gyrate to risk assessments APAC and US equityfutures recover Monday’s losses as sentiment improves G-10 currency pairs are forming tight ranges.Will USD resume its uptrend?

The US Dollar has held its strength . . . → Read More: US Dollar Holds the High Ground as Biden’s Plan Hits a Hurdle. Will USD Rally Resume?

Impact of Bank of England Rate Hikes on FTSE 100, FTSE 250, GBP/USD, GBP/EUR

GBP, FTSE 100, FTSE 250, BOE Analysis and News

BoE Rate Liftoff Despite BoE’s Cautious Communication Historical Performance of UK Assets During BoE Hiking Cycles

The Bank of England surprised market participants yet again by raising interest rates by 15bps to 0.25%. I say surprised given that ahead of the December meeting, . . . → Read More: Impact of Bank of England Rate Hikes on FTSE 100, FTSE 250, GBP/USD, GBP/EUR

Euro-Outlook-EURUSD-EURGBP-Key-Levels-Omicron-Fears-Rise

EUR/USD, EUR/GBP Talking Points: EUR/USD edges higher despite a shift in risk sentiment EUR/GBP battles it out at critical resistance Can the Euro maintain resilience despite global lockdowns? Will New Covid Restrictions Weigh on the Euro?

A surge in the number of Covid-19 cases has placed governments under additional pressure as the Omicron . . . → Read More: Euro-Outlook-EURUSD-EURGBP-Key-Levels-Omicron-Fears-Rise

European Equities Slump on Renewed Omicron Fears, Risk Assets Shunned

The number of Omicron cases in the US doubled between Friday and Saturday last week. Risk assets across the board continue to fall.

The number of confirmed Omicron cases is doubling every 1.5 to 3 days, according to the World Health Organization (WHO) with the covid-19 variant now identified in 89 countries. . . . → Read More: European Equities Slump on Renewed Omicron Fears, Risk Assets Shunned

Crude Oil Prices and Stocks Fall as Omicron, Central Banks Spook Markets. Will WTI Make a New Low?

Crude Oil, US Dollar, Omicron, Fauci, OPEC+, PBOC, JPY, AUD – Talking Points Crude oil prices tumbled today as the Omicron variant cut growth, demand expectations APAC equities movedlower, joined by most commodities and associated currencies China eased credit conditions, but risk assets leaked anyway.Will oil tank further?

Crude oil prices went lower . . . → Read More: Crude Oil Prices and Stocks Fall as Omicron, Central Banks Spook Markets. Will WTI Make a New Low?

NZD/USD Eyes Risk Trends and China Loan Prime Rate in APAC Trading

New Zealand Dollar, NZD/USD, Trade Balance, China Loan Prime Rates – Talking Points New Zealand trims trade deficit in November but recovery still rocky China loan prime rates in focus, but no cut expected until Q1’2022 NZD/USD is eying a move lower as prices probe December lows Monday’s Asia-Pacific Forecast

The risk-sensitive New . . . → Read More: NZD/USD Eyes Risk Trends and China Loan Prime Rate in APAC Trading

3 Types of Forex Analysis

– Reviewed by James Stanley, Nov. 24, 2021

Forex analysis techniques talking points: There are three general types of forex analysis traders use to anticipate market movements and analyse trends. Traders tend to use one or a combination of FX analysis methods to fit their personality and/or trading style. It can be useful . . . → Read More: 3 Types of Forex Analysis

7 Step Trading Checklist Before Entering Any Trade

[embedded content]

– Reviewed by James Stanley, Nov. 24, 2021

The video above focuses on the main aspects of the trading checklist and this article seeks to unpack further aspects of the trading checklist in greater detail.

Why You Should Use a Trading Checklist

Implementing a trading checklist is . . . → Read More: 7 Step Trading Checklist Before Entering Any Trade

A Guide to Trading Psychology

Trading Psychology: Beyond the Basics

The psychology of trading is often overlooked but forms a crucial part of a professional trader’s skillset. DailyFX is the perfect place to learn how to manage your emotions and hone your trading psychology; our analysts have already experienced the ups and downs, so you don’t have . . . → Read More: A Guide to Trading Psychology

Dow Jones Limps into the Close as Equity Lull Continues

Dow Jones, Inflation, Covid, Federal Reserve – Talking Points Dow Jones sheds 500 points as financials drag major benchmarks lower NY State reports fresh record of Covid cases as contagion fears return Hawkish policy pivots from key central banks continue to weigh on markets Advertisement

The Dow retreated tumbled by 500 points on . . . → Read More: Dow Jones Limps into the Close as Equity Lull Continues

The Stock Market is Apolitical

A casual observer might assume that who wins or loses the presidency would have a profound effect on both the economy and the stock market, but that’s not the case. History has shown presidents are the unwitting beneficiaries of economic good times (such as Bill Clinton in the 1990s) or unfortunate scapegoats during . . . → Read More: The Stock Market is Apolitical

Managing Risk in an Emotional Market

The mania engulfing the 2021 trading year serves as a strong reminder that adherence to disciplined portfolio risk management is imperative.

As evidenced by the record spike in trading volumes this year, interest in the financial markets has peaked into a mania reminiscent of the final season of Game of . . . → Read More: Managing Risk in an Emotional Market

Currency Carry Trade: What is it and how does it work?

– Reviewed by James Stanley, Nov. 24, 2021

A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. This is also known as “rollover” and forms an integral part of a carry trade strategy. Traders . . . → Read More: Currency Carry Trade: What is it and how does it work?

Will Inflation Push Gold to a New All-time High

The price of gold recently hit a five-month high and is trading just 9% below its all-time high, setting up the potential for a dramatic finish to the year.

Over the course of the last six weeks, gold prices have charged to a five-month high, and are now trading only 9% . . . → Read More: Will Inflation Push Gold to a New All-time High

DAX 40 Hit by Nasdaq 100 Slump, German IFO Warns of Growing Pessimism

NASDAQ 100 and DAX 40 Prices and Charts Nasdaq 100 falls 2.5% overnight, opens lower in Europe. DAX 40 in the red with the latest IFO assessment adding to economic pessimism.

The DAX 40 is trading the best part of 1% lower in early European trade, hampered by heavy losses in the NASDAQ . . . → Read More: DAX 40 Hit by Nasdaq 100 Slump, German IFO Warns of Growing Pessimism

British Pound Under Political Pressure, Election Shock Leaves the PM Vulnerable

GBP/USD Price, Chart, and Analysis Tories lose the North Shropshire seat for the first time in nearly 200 years. UK PM Johnson is under increasing pressure. Sterling is underpinned by a supportive macro backdrop.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

UK PM . . . → Read More: British Pound Under Political Pressure, Election Shock Leaves the PM Vulnerable

What Type of Forex Trader Are You?

– Reviewed by James Stanley, Nov. 24, 2021

There are many types of forex traders, and each demands a different approach. Whether you choose the fast-paced sprint of day tradingor the prolonged marathon of position trading, selecting the right style for you will maximize your chance of success. Read on to learn . . . → Read More: What Type of Forex Trader Are You?

Gold Prices Gained as US Dollar and Treasury Yields Fell. Will XAU/USD Keep Rising?

Gold, XAU/USD, US Dollar, Treasury Yields, Fed, Technical Analysis – Talking Points: Gold prices appeared to have taken a ‘haven’ role on Thursday Closer look hints it was mostly due to USD & bond yield drop Retail traders are increasing short exposure, outlook bullish

Gold prices closed above a 3-week high on Thursday. . . . → Read More: Gold Prices Gained as US Dollar and Treasury Yields Fell. Will XAU/USD Keep Rising?

Nasdaq 100 Routed as Big-Tech Leads Markets Lower

Nasdaq 100, Federal Reserve, Apple, Tesla, Adobe, FAANG – Talking Points Nasdaq 100 falls roughly 2.5%, largest single day fall since September Apple shares plunge almost 4%, Tesla sheds more than 5% in rout Nvidia, AMD both fall by more than 5% as chipmakers get hit hard Advertisement

The Nasdaq suffered its largest . . . → Read More: Nasdaq 100 Routed as Big-Tech Leads Markets Lower

NZD/USD Rises as US Dollar Takes a Hit on Wall Street Selloff. BoJ on Tap

New Zealand Dollar, NZD/USD, Bank of Japan, Omicron – Talking Points New Zealand Dollar rose versus a broadly weaker US Dollar overnight Bank of Japan rate decision due out today – no change to rates expected NZD/USD up against the falling 20-day Simple Moving Average (SMA) Friday’s Asia-Pacific Forecast

Asia-Pacific markets may be . . . → Read More: NZD/USD Rises as US Dollar Takes a Hit on Wall Street Selloff. BoJ on Tap

ECB Leaves Monetary Policy Unchanged, EUR/USD Pop Begins to Fade

EUR/USD Price, Chart, and Analysis ECB leaves settings unchanged, in line with market expectations. EUR/USD bounces higher but move lacks conviction.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

The European Central Bank left monetary policy untouched today, as widely expected, and said that . . . → Read More: ECB Leaves Monetary Policy Unchanged, EUR/USD Pop Begins to Fade

Bank of England Increases UK Interest Rate, GBP/USD Jumps

Bank of England, GBP price, news and analysis: The Bank of England’s monetary policy committee has voted by eight votes to one to increase UK Bank Rate to 0.25% from 0.1%. The initial reaction to the news was a jump in GBP/USD as the markets were undecided beforehand whether the MPC would raise rates . . . → Read More: Bank of England Increases UK Interest Rate, GBP/USD Jumps

Bitcoin (BTC) Grinding Slowly Higher, Ethereum (ETH) Outperforms

Bitcoin (BTC) and Ethereum/Bitcoin (ETH/BTC) Spread Charts and Analysis

Bitcoin continues to build a short-term base. Ethereum/Bitcoin spread moving higher again.

Bitcoin is stuck in the middle of a short-term box structure as buyers and sellers battle to get the upper hand. In the last two weeks, any sharp sell-off has been . . . → Read More: Bitcoin (BTC) Grinding Slowly Higher, Ethereum (ETH) Outperforms

British Pound (GBP) Price Outlook: Bank of England Decision Too Close to Call

GBP price, news and analysis: The Bank of England announces its decision on UK monetary policy at 1200 UK time this session. Lacking any clear guidance from the central bank, the markets are split on whether it will leave Bank Rate on hold at 0.1% or increase it to 0.25%. That makes the next . . . → Read More: British Pound (GBP) Price Outlook: Bank of England Decision Too Close to Call

Gold Prices Eye BoE, ECB After FOMC Sparks Hawkish Unwind

Gold, XAU/USD, FOMC, Yield Curve, Bank of England, ECB – Talking Points Gold prices rose as an initially hawkish post-FOMC reaction receded ECB and BoE policy calls in focus as traders watch global bond yields Technical range continues to cap gold’s upside around 1780-1790

Gold prices are on the rise through the Asia-Pacific . . . → Read More: Gold Prices Eye BoE, ECB After FOMC Sparks Hawkish Unwind

Crude Oil Price Outlook: Holding up Well Despite Demand Fears

Crude oil price, news and analysis: Over the past week, the price of US crude oil has eased from a high just above $73 per barrel to just below $70 currently on concern that the Omicron coronavirus variant will damage the global economic recovery from the Covid-19 pandemic and therefore demand for oil. However, . . . → Read More: Crude Oil Price Outlook: Holding up Well Despite Demand Fears

EUR/USD, EUR/GBP Braced For a Central Bank Bonanza

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

EUR/USD – may fade further if the Fed acts on soaring inflation. EUR/GBP – the Bank of England is in a difficult situation.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

There are three major central bank . . . → Read More: EUR/USD, EUR/GBP Braced For a Central Bank Bonanza

FTSE 100 Forecast: More Losses Likely on UK Political Turmoil

FTSE 100 price, news and analysis: The FTSE 100 index looks likely to underperform other major stock market measures. That’s due, at least in part, to political problems engulfing the UK Prime Minister. Advertisement FTSE 100 index may underperform

The FTSE 100 index of leading London-listed stocks will likely underperform the other major . . . → Read More: FTSE 100 Forecast: More Losses Likely on UK Political Turmoil

British Pound (GBP) Latest – UK Inflation Soars to a 10-Year High

GBP/USD Price, Chart, and Analysis

The Bank of England now has a problem, to hike or not to hike? Inflation soars across the board.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

The latest UK inflation data will be a stark reminder to . . . → Read More: British Pound (GBP) Latest – UK Inflation Soars to a 10-Year High

USD/CNH Weakness Persist After China Data Dump as Chinese FDI and FOMC Approach

Chines Yuan, USD/CNH, House Prices, Industrial Production, Retail Sales – Talking Points China data dump shows mixed signals for the economy in November Foreign Direct Investment (FDI) due out later today as traders eye FOMC Prices being pressured by the falling 26-day Exponential Moving Average

A slew of Chinese economic data crossed the . . . → Read More: USD/CNH Weakness Persist After China Data Dump as Chinese FDI and FOMC Approach

Trader Caution Called for on Omicron Spread, Fed Meeting | Sentiment Webinar

[embedded content]

Market sentiment analysis: Markets are stable as traders wait for more information about the spread of the Omicron coronavirus variant and the meetings this week of the Federal Reserve, the ECB, the Bank of England and the Bank of Japan. Traders will need to be cautious until those meetings are . . . → Read More: Trader Caution Called for on Omicron Spread, Fed Meeting | Sentiment Webinar

Dogecoin (DOGE) Soars After Elon Musk Says Tesla to Accept Some DOGE Payments

Dogecoin (DOGE) Chart and Analysis Elon Musk says Tesla will Accept Dogecoin for some products. Dogecoin is better than Bitcoin for transactions says Musk.

Elon Musk has sent the price of Dogecoin soaring in the past few minutes after tweeting that Tesla will accept DOGE as payment for some of the company’s products.

. . . → Read More: Dogecoin (DOGE) Soars After Elon Musk Says Tesla to Accept Some DOGE Payments

Gold Price (XAU/USD) Listless, Waiting For a Shot of Fed-Inspired Volatility

Gold Price (XAU/USD), Chart, and Analysis Gold stuck in a very narrow range. Market conditions are set up for a breakout, will the Fed oblige?

How to Manage the Emotions of Trading

Gold remains stuck on either side of $1,785/oz. with volatility sitting at a multi-month low as traders wait for the . . . → Read More: Gold Price (XAU/USD) Listless, Waiting For a Shot of Fed-Inspired Volatility

British Pound (GBP) Price Outlook: GBP/USD to Drift, UK Jobs Data Mixed

GBP price, news and analysis: GBP/USD will likely continue to trade close to the 1.32 level ahead of Thursday’s monetary policy announcement by the Bank of England, unaffected by the latest UK employment figures. Those showed that 257,000 people were added to company payrolls last month, the most since records began in 2014. GBP/USD . . . → Read More: British Pound (GBP) Price Outlook: GBP/USD to Drift, UK Jobs Data Mixed

What is Leverage in Forex? Forex Leverage Explained

– Reviewed by James Stanley, Nov. 24, 2021

Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Traders of all levels should have a solid grasp of . . . → Read More: What is Leverage in Forex? Forex Leverage Explained

Ethereum, Bitcoin Price Analysis: ETH/BTC Bullish Continuation Setup

ETH/BTC Analysis: Bitcoin declines 30% from recent high compared to Ethereum at 18.5% measured at current levels ETH/BTC technical set up looking to take advantage of Ethers relative strength versus Bitcoin Advertisement Crypto Assets and Inflation Heading into 2022

Crypto markets in general have seen some phenomenal price appreciation due to its large . . . → Read More: Ethereum, Bitcoin Price Analysis: ETH/BTC Bullish Continuation Setup

US Dollar (DXY) Remains Supported Ahead of Significant FOMC Meeting

US Dollar Price, Chart, and Analysis Fed set to announce $30 billion bond tapering on Wednesday. Dot plot will reveal board members’ views on interest rates.

The latest FOMC meeting – December 14/15 – is expected to show the Federal Reserve reducing its bond-buying program by $30 billion a month, from a current . . . → Read More: US Dollar (DXY) Remains Supported Ahead of Significant FOMC Meeting

Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Euro, British Pound, Fed, ECB, BoE

Market mood recovered this past week around the world. On Wall Street, the Nasdaq 100 and S&P 500 gained 3.82% and 3.65% respectively. Across the Atlantic, the Euro Stoxx 50 and FTSE 100 climbed 2.95% and 2.62% respectively. In the Asia-Pacific region, the Nikkei 225 climbed 0.89% while Australia’s ASX 200 jumped 4.05%. . . . → Read More: Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Euro, British Pound, Fed, ECB, BoE

British Pound (GBP) Outlook: A Volatile Week Ahead for GBP/USD

GBP/USD Price, Chart, and Analysis The UK to go into overdrive on Omicron boosters. Bank of England to stand pat on Thursday, Fed to offer further guidance.

Beleaguered UK Prime Minister Boris Johnson has announced that everyone over 18 in England will be offered a booster jab this week as he says that . . . → Read More: British Pound (GBP) Outlook: A Volatile Week Ahead for GBP/USD

Hawkish vs Dovish: How Monetary Policy Affects FX Trading

– Reviewed by James Stanley, Nov. 24, 2021

You have probably heard a financial news presenter say something along the lines of “The central bank governor came out slightly hawkish today after bouts of strong economic data”. The terms Hawkish and Dovish refer to whether central banks are more likely to tighten . . . → Read More: Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Dow Jones, S&P 500, Nasdaq 100 Outlook for the Week Ahead: All Eyes on the Fed

Stocks Fundamental Forecast: Neutral Dow Jones, S&P 500 and Nasdaq 100 futures wrap up a strong week Inflation data has traders eyeing the Fed and its balance sheet next Quadruple Witching Day is Friday, Dow retail positioning bets eyed

This past week, futures tracking the Dow Jones, S&P 500 and Nasdaq 100 closed . . . → Read More: Dow Jones, S&P 500, Nasdaq 100 Outlook for the Week Ahead: All Eyes on the Fed

Euro Forecast: ECB Facing Tough Decisions on Asset Purchase Programs

Fundamental Euro Forecast: Neutral With the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan all meeting on monetary policy this week, forecasting the strength or weakness of EUR/USD, EUR/GBP and EUR/JPY is almost impossible. Moreover, Thursday’s meeting of the ECB’s Governing Council is particularly difficult to . . . → Read More: Euro Forecast: ECB Facing Tough Decisions on Asset Purchase Programs

Gold Price Forecast: XAU Eyes FOMC as Falling Breakeven Rates Drag Gold

Gold Fundamental Forecast – Neutral Gold prices see small bounce after hot US inflation numbers Falling breakeven rates pressure bullish inflation narrative XAU/USD eyes Federal Reserve’s economic projections (SEP)

Gold prices were largely unchanged last week despite the highest US inflation print in nearly 40 years. The consumer price index (CPI) crossed the . . . → Read More: Gold Price Forecast: XAU Eyes FOMC as Falling Breakeven Rates Drag Gold

Bitcoin (BTC), Ethereum (ETH) – Down But Not Yet Out

Bitcoin and Ethereum Chart and Analysis Last weekend’s Bitcoin gap is now filled. Resistance levels need to prove resilient.

Last weekend’s sharp sell-off in the cryptocurrency, during the low-liquidity Asian open, sent prices tumbling to multi-week lows before a partial rebound steadied prices. Then earlier this week, Bitcoin closed the gap on . . . → Read More: Bitcoin (BTC), Ethereum (ETH) – Down But Not Yet Out

Australian Dollar Outlook: US Dollar, RBA, Fed. Is AUD/USD Sidelined?

AUSTRALIAN DOLLAR FORECAST: BULLISH The Australian Dollar refuses to lie down as growth sentiment sways The spread of new Covid variants weigh, but green shoots might be appearing Iron ore and commodity markets appear to be recalibrating. Will AUD/USD rise?

The Australian Dollar finished last week testing the November 2020 lows of . . . → Read More: Australian Dollar Outlook: US Dollar, RBA, Fed. Is AUD/USD Sidelined?

GBP Forecast: GBP/USD in the Eye of the FOMC/BOE Volatility Storm

GBP/USD FUNDAMENTAL HIGHLIGHTS: Political Instability Adds to GBP Weakness BoE Rate Rise Unlikely

Another week, another fresh 2021 low for GBP/USD. A stark contrast to the once-popular vaccine trade that propelled the Pound to multi-year highs in Q1. However, in light of an unwind in BoE tightening bets, stemming from renewed social distancing . . . → Read More: GBP Forecast: GBP/USD in the Eye of the FOMC/BOE Volatility Storm

U.S. Consumer Sentiment Sees Small Gains Through Holiday Season

U.S. Consumer Sentiment saw a jump from November’s 67.4 to 70.4, above the forecasted level of 67.1.

The study found that the monthly gain in the low-income households incomes had a large disparity between the 3.8% and the 4.3% loss in income within middle-class and top-third household earnings.

Sentiment . . . → Read More: U.S. Consumer Sentiment Sees Small Gains Through Holiday Season

USD Dips, Gold Picks Up on 40yr High Inflation Having Matched Estimates

US CPI hits 40yr high, USD dip to be transitory amid FOMC next week

Chinese Yuan (CNH) Latest: PBoC Signals Unease With CNH Rise, Reversal May Boost USD

Chinese Yuan Analysis and News

Chinese Authorities Signal Discomfort with Yuan Strength Yuan Turnaround Could Prompt Fresh Leg Higher for USD

The Chinese Yuan has come back into the limelight after the PBoC announced yesterday that it would raise the reserve requirement ratio for FX deposits to 9% from 7%, effective as . . . → Read More: Chinese Yuan (CNH) Latest: PBoC Signals Unease With CNH Rise, Reversal May Boost USD

Gold Price Outlook – Support Looks Vulnerable if US Inflation Runs Hot

Gold Price (XAU/USD), Chart, and Analysis Gold is listless ahead of the latest US inflation report. Support remains under threat. Retail traders remain heavily long of the precious metal.

Financial markets are treading water Friday morning ahead of the latest look at US inflation at 13:30 GMT. The current market expectation of a . . . → Read More: Gold Price Outlook – Support Looks Vulnerable if US Inflation Runs Hot

UK GDP Prints Slightly Below Expectations In a Quarter Likely to be Affected by Omicron

Nominal GDP Posts 0.9% in October (MoM)

Nominal GDP figures rose 0.9% in October off a forecast 1%.

Advertisement UK Real GDP Estimated to Have Grown Just 0.1% in October

Monthly real GDP Grew just 0.1% (MoM) as services sector grew 0.4% as a result of increases in doctor appointments and . . . → Read More: UK GDP Prints Slightly Below Expectations In a Quarter Likely to be Affected by Omicron

NZD/USD Eyes Channel Break. Chinese Stocks Set to Outpace on FX Reserve Ratio Hike

New Zealand Dollar, NZD/USD, China, Inflation – Talking Points New Zealand Dollar struggles against US Dollar after upbeat US labor data China equities positioned to outperform after PBOC hikes FX reserve levels NZD/USD is attempting to break channel resistance, will bulls take control? Friday’s Asia-Pacific Forecast

The New Zealand Dollar struggled against the . . . → Read More: NZD/USD Eyes Channel Break. Chinese Stocks Set to Outpace on FX Reserve Ratio Hike

AUD/USD Rate Clears December Opening Range Ahead of US CPI Report

Australian Dollar Talking Points

AUD/USD trades to a fresh monthly high (0.7187) after showing a limited reaction to the Reserve Bank of Australia’s (RBA) last rate decision for 2021, and the exchange rate may stage a larger recovery over the coming days as it clears the opening range for December.

Advertisement AUD/USD . . . → Read More: AUD/USD Rate Clears December Opening Range Ahead of US CPI Report

Nasdaq 100 Sheds Roughly 1.5% as Market Participants Position Ahead of US CPI Data

Nasdaq 100, Inflation, US CPI, Federal Reserve – Talking Points Nasdaq 100 Index falls almost 1.5% as markets eye US CPI data US inflation due on Friday, some experts forecasting potential for 7% reading Buzzfeed, Peloton, AMD some of the largest decliners in the Nasdaq 100 Index Advertisement

The Nasdaq 100 Index shed . . . → Read More: Nasdaq 100 Sheds Roughly 1.5% as Market Participants Position Ahead of US CPI Data

Want to Improve Financial Performance? Hire More Women

For many years, any markets job was more-or-less a ‘boys club.’ Jenny Andrews, co-host of tastytrade’s The LIZ & JNY Show, recalled her early years on the floor of the Chicago Board of Options exchange: “I felt like I was back in high school – just the screaming boys and the jokes, it . . . → Read More: Want to Improve Financial Performance? Hire More Women

US Dollar (DXY) Treading Water as US Inflation Report Nears

US Dollar Price, Chart, and Analysis

US 2-year yields steady after their recent rally. US headline inflation is expected to hit 6.8% in November.

The US dollar is currently biding its time ahead of the latest look at US inflation on Friday which is expected to show price pressures hitting a fresh . . . → Read More: US Dollar (DXY) Treading Water as US Inflation Report Nears

Pound Sterling Price Analysis: GBP/USD Selling Pressure Continues as Institutions Weigh-in

Sterling, GBP/USD Analysis: UK set to implement “Plan B” in attempt to control new Covid infections GBP/USD tests major zone of support with further losses insight if broken Massive divergence between institutional and retail sentiment suggests continued Sterling sell-off Advertisement “Plan B” Weighs on Under-Performing Pound Sterling

The Pound Sterling has been on . . . → Read More: Pound Sterling Price Analysis: GBP/USD Selling Pressure Continues as Institutions Weigh-in

Australian Dollar Forecast: Aggressive AUD/USD Rebound Facing Topside Hurdle

AUD/USD Analysis and News

Aggressive Rebound in AUD Capped Risk Appetite to Dictate Ahead of US CPI

Earlier in the week, I noted the extreme oversold conditions in the Australian Dollar as the daily RSI crossed 20. Below (Figure 1.) shows the performance in the AUD/USD over the following three sessions. In . . . → Read More: Australian Dollar Forecast: Aggressive AUD/USD Rebound Facing Topside Hurdle

FTSE 100 Price Outlook: London Stocks to Advance Further as UK Rate Hike Fears Fade

FTSE 100 price, news and analysis: The Bank of England seems increasingly unlikely to increase UK interest rates next Thursday as the UK Government announces new measures to curb the Omicron variant of Covid-19. That’s positive for the FTSE 100 index of the major London-listed stocks. Advertisement FTSE 100: more gains to come

. . . → Read More: FTSE 100 Price Outlook: London Stocks to Advance Further as UK Rate Hike Fears Fade

Will US-China Tensions Spur a Hong Kong IPO Wave? Introducing the Hang Seng Tech Index

Will US-China Tensions Spur a Hong Kong IPO Wave? Introducing the Hang Seng Tech Index

The Hang Seng Tech Index (HSTECH) – dubbed“Hong Kong’s Nasdaq” by market-watchers – represents China’s fast growing ‘new economy’. It is comprised of many renowned tech firms, such as Tencent and Alibaba.

WHAT IS HANG SENG . . . → Read More: Will US-China Tensions Spur a Hong Kong IPO Wave? Introducing the Hang Seng Tech Index

EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC

EUR/USD, EUR/GBP, EUR/CAD Prices, Charts, and Analysis

EUR/USD – short-term weakness persists. EUR/GBP – Sterling rattled by politics. EUR/CAD – Bank of Canada on tap.

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar

EUR/USD

The short-term weakness in EUR/USD continues with the . . . → Read More: EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC

Bank of Canada Preview: How Will the Canadian Dollar (CAD) React?

USD/CAD, BOC Price Analysis & News

CAD Reaction Dependent on Absortion of Economic Slack Assessment Risks are Geared Towards Disappointment Prompting a CAD Pullback

OVERVIEW: The Bank of Canada is expected to maintain its current monetary policy stance with the overnight rate to remain at 0.25%. The current stance from the . . . → Read More: Bank of Canada Preview: How Will the Canadian Dollar (CAD) React?

British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists

GBP/USD price, news and analysis: GBP/USD continues to hover around the support line of a downward-sloping channel connecting the lower lows in place since mid-April. So far it has notably failed to benefit from receding fears about the Omicron variant of the coronavirus and it looks increasingly likely that the previous support line is . . . → Read More: British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists

Crude Oil Forecast: Prices Eye EIA Inventory Data After Technical Outlook Improves

Crude Oil, EIA, API, OPEC, Technical Outlook – Talking Points Crude oil prices gain as markets go risk on after Omicron risk fades EIA inventory in focus after agency updates short-term energy outlook Technical outlook improves after breaking above several key levels

Crude and Brent oil prices rose overnight before easing through Wednesday’s . . . → Read More: Crude Oil Forecast: Prices Eye EIA Inventory Data After Technical Outlook Improves

NZD/USD Rises After Wall Street Surge. Evergrande Risks Linger

New Zealand Dollar, NZD/USD, RBA Chart Pack, RBI, Evergrande, Omicron – Talking Points New Zealand Dollar gains versus US Dollar as Omicron risks continue to dissipate RBA chart pack and Reserve Bank of India interest rate decision due out today Evergrande risks loom over market but China easing lending rules with RRR cut NZD/USD . . . → Read More: NZD/USD Rises After Wall Street Surge. Evergrande Risks Linger

Gold Price Currently Lacks Any Meaningful Conviction, Volatility Lies Elsewhere

Gold Price (XAU/USD), Chart, and Analysis Gold traders are watching from the sidelines as other risk assets dominate trade. ‘Encouraging’ news on Omicron lures risk-on buyers. Retail traders have increased their net-short positions.

The latest data on Omicron suggest is not as dangerous as the delta covid-19 variant, according to White House chief . . . → Read More: Gold Price Currently Lacks Any Meaningful Conviction, Volatility Lies Elsewhere

South African GDP Contracts in Q3 After Four Successive Quarters of Growth

SA GDP Drops 1.5% (QoQ) and 2.9% (YoY) Respectively

SA GDP contracts for the first time in 2021 after four successive quarters of positive growth. Eight of the ten manufacturing divisions reported declines for the third quarter. The largest contributor to the decline was indeed the “motor vehicles, parts and accessories and . . . → Read More: South African GDP Contracts in Q3 After Four Successive Quarters of Growth

EUR/USD Muted Following Mixed ZEW Survey, Euro Risks Remains Lower

EUR/USD Analysis and News

EUR/USD Muted on Mixed ZEW Survey Bias Remains to Fade Euro Rallies

The Euro and DAX saw a subdued reaction following a mixed ZEW report. Economic sentiment fell to 29.9 from 31.7 a month prior, however, printed above expectations, while current conditions fell 7.4, missing estimates of 5.0. . . . → Read More: EUR/USD Muted Following Mixed ZEW Survey, Euro Risks Remains Lower

British Pound (GBP) Price Outlook: GBP/USD Stable But Still Testing Support

GBP/USD price, news and analysis: GBP is currently steady against both the US Dollar and the Euro but GBP/USD remains close to trendline support and would likely drop much further if that beaks. A UK interest rate increase by the Bank of England next week is now around 50/50 as concerns about Omicron make . . . → Read More: British Pound (GBP) Price Outlook: GBP/USD Stable But Still Testing Support

Crude Oil Price Rise May Struggle on Incoming Supply, Demand Data

CRUDE OIL OUTLOOK: Crude oil prices rebounding amid broad-based recovery in risk appetite Hopes for mild Omicron impact, lull in Fed-linked news may be at work Incoming trade, output and inventory data may cap upward momentum

Crude oil prices are on the upswing, with the WTI contract tracking higher alongside bellwether S&P 500 . . . → Read More: Crude Oil Price Rise May Struggle on Incoming Supply, Demand Data

Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Yen, AUD/USD, RBA, USD/CAD, BoC

Global market mood soured last week, extending a slump since November. On Wall Street, Dow Jones, S&P 500 and Nasdaq futures slipped 0.89%, 1.42% and 2.25% respectively. The VIX market ‘fear gauge’ closed at its highest since February. In the Asia-Pacific region, the Nikkei 225, Hang Seng and ASX 200 dropped 1.98%, 1.27% . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Yen, AUD/USD, RBA, USD/CAD, BoC

Cryptocurrencies Hammered Over the Weekend, ETH/BTC Spread Continues to Rally

Ethereum/Bitcoin (ETH/BTC) Chart and Analysis Cryptocurrencies slammed over the weekend. Ethereum/Bitcoin spread pushes ever higher.

The cryptocurrency market fell sharply over the weekend with a prior support level of around $53k giving way with ease. The sell-off happened as the markets rolled over into Asian trading hours and this lack of liquidity, and . . . → Read More: Cryptocurrencies Hammered Over the Weekend, ETH/BTC Spread Continues to Rally

AUD/USD at the Extremes, Fading EUR/GBP Rallies Remains Appropriate

AUD/USD, EUR/GBP Analysis and News

AUD/USD Hitting Extremes Fading EUR/GBP Rallies Remains Appropriate

AUD: During Friday’s the daily RSI on AUD/USD cracked through 20, a rare occurrence, which highlights just how extreme the move on the downside has been for the pair. When looking at the RSI, I tend to focus on . . . → Read More: AUD/USD at the Extremes, Fading EUR/GBP Rallies Remains Appropriate

Evergrande Shares Slump to a Multi-Year Low on Fresh Default Fears

Evergrande (3333) Prices, Charts, and Analysis

Evergrande inches closer to default Shares continue to plummet.

A statement from beleaguered Chinese property giant Evergrande last Friday has sent the company’s shares tumbling to a fresh multi-year low over the weekend on renewed fears that the company is unable to pay its debts. The . . . → Read More: Evergrande Shares Slump to a Multi-Year Low on Fresh Default Fears

Gold Prices May Backtrack as Markets Steady, Omicron a Wildcard

GOLD PRICE OUTLOOK: Gold prices rise as risk aversion pulls down real interest rates Sentiment may stead amid news-flow lull, Omicron a wildcard Chart setup tilts cautiously bearish near six-month range axis

Gold prices managed gains despite a stronger US Dollar on Friday as risk aversion swept financial markets. An ominously “stagflationary” configuration . . . → Read More: Gold Prices May Backtrack as Markets Steady, Omicron a Wildcard

S&P 500 Weekly Forecast: Omicron Fears May Weigh on US Stocks; Reopening Trade at Risk

S&P WEEKLY OUTLOOK: SLIGHTLY BEARISH Volatility has spiked in recent days on growing concerns about the pandemic The S&P 500 has trended lower as traders have trimmed their exposure to risk assets Though the fundamental backdrop remains supportive for most U.S. stocks on strong corporate earnings and constructive profit outlook, omicron variant uncertainty . . . → Read More: S&P 500 Weekly Forecast: Omicron Fears May Weigh on US Stocks; Reopening Trade at Risk

USD/JPY on the Cusp of Reversal as All Yen Crosses Yield to Risk Trends

Japanese Yen Technical Forecast Talking Points: The Japanese Yen is a ‘funding currency’ for the carry trade – a risk-oriented FX perspective that is as sensitive to sentiment as equities indices As the likes of the Dow slide, pairs like GBPJPY, CADJPY and NZDJPY retreat as appetite for the very low-yielding carry trades . . . → Read More: USD/JPY on the Cusp of Reversal as All Yen Crosses Yield to Risk Trends

Euro Week Ahead Forecast: EUR/USD Bounce May Be Over Already

Fundamental Euro Forecast: Bearish EUR/USD was relatively stable last week – at least it was either side of Tuesday’s spike lower – but it remains hard to see what could prompt a more sustained rally. With Eurozone economic data weak and German bond yields falling, it would take a decision by the European . . . → Read More: Euro Week Ahead Forecast: EUR/USD Bounce May Be Over Already

Gold Makes Third Successive Weekly Decline As General Market Sentiment Whipsaws

Gold (XAU/USD) Fundamental Forecast: Slightly Bearish A return to the bullish Fed narrative drives USD, weighs on gold US non-farm payroll miss throws the Fed another curveball – possible tailwind for gold? Omicron Induced Volatility

After a rather volatile week gold is on track to finish the week within 1% of its . . . → Read More: Gold Makes Third Successive Weekly Decline As General Market Sentiment Whipsaws

US Dollar Fundamental Forecast: DXY Primed Ahead of CPI Data

US Dollar Fundamental Forecast: Bullish US Dollar gains for a sixth week but upside strength is easing Removal of Omicron risk aversion may bode well for the USD EUR/USD likely to resume as the driving force for DXY index US inflation data may boost the Greenback on strong data

The US Dollar finished . . . → Read More: US Dollar Fundamental Forecast: DXY Primed Ahead of CPI Data

USD/CAD Outlook Hinges on Bank of Canada (BoC) Rate Decision

Canadian Dollar Talking Points

USD/CAD pulls back from a fresh monthly high (1.2845) following a larger-than-expected rise in Canada Employment, but the Bank of Canada’s (BoC) last interest rate decision for 2021 may keep the exchange rate afloat as the central bank is expected to retain the current policy.

Fundamental Forecast for . . . → Read More: USD/CAD Outlook Hinges on Bank of Canada (BoC) Rate Decision

Australian Dollar May Wobble on RBA Rate Decision, Omicron Variant and US CPI

Australian Dollar Fundamental Forecast: Bearish Australian Dollar set new lows against the US Dollar last week Omicron Covid-19 variant poses a risk if strict lockdowns ensue Focus shifts to the Reserve Bank of Australia, 2022 guidance

The Australian Dollar continued to set new lows against the US Dollar this year, falling the . . . → Read More: Australian Dollar May Wobble on RBA Rate Decision, Omicron Variant and US CPI

GBP Forecast: Omicron Adds Uncertainty to BoE Rate Rise

GBP/USDFUNDAMENTAL HIGHLIGHTS:

GBP SLIPS FOR SECOND CONSECUTIVE WEEK BOE RATE RISE IN DOUBT

A second consecutive weekly drop for the Pound, in which Cable posted a fresh 2021 low following a brief break below the 1.32 handle. Support from Chair Powell regarding a faster QE taper among the main catalysts behind the . . . → Read More: GBP Forecast: Omicron Adds Uncertainty to BoE Rate Rise

Metaverse Cryptocurrencies: What Exactly Are You Buying?

“The Metaverse” has gone from niche sci-fi novel concept to Facebook’s product strategy. We’ve seen Metaverse related crypto-games such as Decentral land (MANA), Sandbox (SAND) and Enjin Coin (ENJ) explode in market-cap as the Metaverse takes center stage in the eyes of traders and investors.

In this article, we’ll break down . . . → Read More: Metaverse Cryptocurrencies: What Exactly Are You Buying?

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD

US Dollar, EUR/USD, GBP/USD, USD/CAD, AUD/USD Talking Points: It was another week of strength for the USD, further clawing back losses from last Friday’s Omicron-fueled sell-off. EUR/USD, GBP/USD and AUD/USD are nearing key inflection points on the chart. This doesn’t preclude a continuation of USD-strength, but Dollar bulls are going to need to make . . . → Read More: US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD