Recent posts
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Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture
March 29, 2024
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Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last
March 29, 2024
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Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed
March 28, 2024
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US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data
March 28, 2024
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Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
March 27, 2024
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Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
March 27, 2024
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FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
March 27, 2024
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US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
March 27, 2024
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Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers
March 26, 2024
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Euro Gains Again Despite More Dovish ECB Commentary
March 26, 2024
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By admin, on February 28th, 2024
Euro (EUR/USD, EUR/JPY) Analysis EUR/USD shows signs of bullish fatigue after respecting dynamic resistance Recent euro positioning accumulates on the short side but longs look unfazed EUR/JPY seeing signs of consolidation ahead of resistance but the yen remains vulnerable The analysis in this article makes use of chart patterns and key support and . . . → Read More: Euro Outlook: Signs of Fatigue Appear Ahead of Next Week’s ECB Meeting
By admin, on February 28th, 2024
US Dollar and Gold Analysis and Prices The US economy remained robust in Q4 2023. The US dollar drifted lower post-release, gold nudged higher.
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The US economy expanded by a robust 3.2% in Q4, . . . → Read More: US Dollar Trims Early Gains After US Q4 GDP Report, Gold Nudges Higher
By admin, on February 28th, 2024
Japanese Yen (USD/PY) Prices and Analysis
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USD/JPY is holding below last year’s significant highs Markets have a lot to think about, from whether Tokyo will intervene to . . . → Read More: Japanese Yen Slips, Market Seems Warier of Intervention Chances
By admin, on February 28th, 2024
FTSE 100, DAX 40, S&P 500 Analysis and Charts
???FTSE 100 little changed ahead of MPC member speech
??The FTSE 100’s recovery from last week’s 7,623 low amid strong earnings stalled at Friday’s 7,717 high while Tuesday’s low at 7,669 so far underpins ahead of today’s MPC member Mann speech. ?The 7,717 high needs . . . → Read More: FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs
By admin, on February 28th, 2024
AUD Inflation, RBNZ News and Analysis
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Australian Inflation Holds Firm, RBNZ Signals Possible Peak in Rates
Wednesday morning provided a fair amount of data for the antipodeans with Australia’s monthly inflation indicator holding steady at . . . → Read More: RBNZ Issues Dovish Hold and Aus Inflation Stands Firm, NZD Weakened
By admin, on February 28th, 2024
Most Read: US Dollar Forecast – PCE Data Takes Center Stage; Setups on EUR/USD, GBP/USD
EUR/USD FORECAST – TECHNICAL ANALYSIS
EUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure . . . → Read More: Euro Technical Analysis & Trade Setups – EUR/USD, EUR/GBP and EUR/JPY
By admin, on February 28th, 2024
Gold (XAU/USD) Analysis Gold pushes on despite subdued volatility as the dollar and US yields ease Gold tracks trendline resistance and tests 50-day simple moving average The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library
. . . → Read More: Gold Price Latest: XAU/USD Holds Gains, Awaits Key US Data
By admin, on February 27th, 2024
US DOLLAR FORECAST – EUR/USD & GBP/USD The U.S. dollar lacks directional conviction amid market caution ahead of a high-impact event on the U.S. calendar later this week Thursday’s core PCE data release will seize investors’ focus This article carefully examines the technical outlook for EUR/USD and GBP/USD
Recommended by Diego . . . → Read More: US Dollar Forecast: PCE Data Takes Center Stage; Setups on EUR/USD & GBP/USD
By admin, on February 27th, 2024
Crude Oil Prices and Analysis Oil benchmarks looked set for early gains but have slipped back in the European morning The $77 support region has come back into play having been topped on Monday The overall uptrend endures but WTI looks more range-bound
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Get . . . → Read More: Crude Oil Prices Slip Back Despite Red-Sea Supply Worries
By admin, on February 27th, 2024
Japanese Yen (USD/JPY, EUR/JPY, AUD/JPY) Analysis Japanese Inflation Beats Forecast but Continues Steady Decline
Inflation in Japan printed better-than-expected for the month of January, coming in at 2.2% vs the prior 2.6%. Markets appear to have bushed aside the recent easing of price pressures as inflation has been falling every month since October’s 3.3%. . . . → Read More: Japanese Yen Outlook: Markets Prioritise CPI Beat over Lower Trending Prices
By admin, on February 27th, 2024
Most Read: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups
Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields – a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD . . . → Read More: Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE
By admin, on February 26th, 2024
Most Read: US Dollar Forecast – US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups
The U.S. dollar, as measured by the DXY index, was subdued, and displayed restraint on Monday despite a modest uptick in U.S. Treasury yields. Market participants appear to be leaning toward a cautious stance at the start of the . . . → Read More: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups
By admin, on February 26th, 2024
Ethereum Spot ETF – The Next Cab Off the Rank?
A spot Ethereum ETF is the latest talk of the market, and the anticipation is building on whether – if approved – it could replicate the success of its Bitcoin counterparts.
An Ethereum ETF would allow investors to invest in Ethereum as easily . . . → Read More: Ethereum Spot ETF – The Next Cab Off the Rank?
By admin, on February 26th, 2024
British Pound (GBP/USD) Analysis and Charts GBPUSD bulls are trying to get back above $1.27 Strong US data this week could make that harder for them Retracement support looks very solid
Learn how to trade GBP/USD with our free trading guide
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How to Trade . . . → Read More: British Pound Edges Up Again, US Data Will Run This Week’s Trade
By admin, on February 26th, 2024
Australian Dollar (AUD) Analysis Asian indices ease at the start of the European session as markets eye further accommodation from China Aussie dollar posts a lower start to the week (AUD/USD) ahead of the monthly inflation indicator and US PCE
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How to Trade AUD/USD . . . → Read More: Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation Data
By admin, on February 25th, 2024
General sentiment soared in a week dominated by Nvidia’s impressive performance and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach another all-time high with the Japanese benchmark index achieving the same feat after 34 years.
Strangely enough, buoyant market sentiment brought about gains for gold and saw the dollar . . . → Read More: Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported
By admin, on February 25th, 2024
US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPY This week’s focal point on the U.S. economic calendar revolves around the eagerly awaited release of January’s PCE data on Friday A stronger-than-expected report could propel the U.S. dollar upwards, whereas subdued results may have a bearish impact on the American currency This article carefully examines the . . . → Read More: US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups
By admin, on February 23rd, 2024
Gold (XAU/USD) Analysis Fed officials communicated that they are in no rush to start the cutting cycle amid a strong US economy, emboldened consumer and potential Red Sea escalation Gold prices have edged lower towards the end of the week as Fed officials spur on USD The analysis in this article makes use of . . . → Read More: Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts
By admin, on February 23rd, 2024
EUR/USD, EUR/GBP and EUR/JPY – Prices, Charts, and Analysis
German economy remains weak, official data shows. EUR/USD uptrend in focus.
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German GDP fell by . . . → Read More: Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support
By admin, on February 23rd, 2024
Most Read: Japanese Yen Forecast – Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPY
Market participants will be on tenterhooks in the coming days ahead of a high-impact item on the U.S. calendar next week: the release of core PCE data – the Fed’s favorite inflation gauge. This crucial event on the agenda is . . . → Read More: US Dollar’s Bullish Bias Holds Steady; Setups on EUR/USD, GBP/USD, Gold Prices
By admin, on February 22nd, 2024
JAPANESE YEN OUTLOOK The Japanese yen has depreciated sharply this year, but there’s potential for its outlook to improve in the weeks to come The prospect of the Bank of Japan discontinuing negative rates early in the second quarter is likely to be supportive of the yen This article offers a detailed analysis of . . . → Read More: Japanese Yen Forecast: Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPY
By admin, on February 22nd, 2024
US Dollar (DXY) Latest Analysis and Charts S&P PMIs – services miss, manufacturing improves The US dollar holds earlier gains.
The US service sector slowed down in February, while the manufacturing sector picked up, the latest flash PMIs showed today. According to data provider S&P Global,
‘US companies continued to report an expansion . . . → Read More: US Dollar Remains Firm After Mixed S&P PMIs, Fed Speak Later in the Session
By admin, on February 22nd, 2024
Nvidia Earnings, S&P 500 Analysis Nvidia earnings surpass estimates and issues positive outlook for Q1 2024 Nvidia set to open at new all-time high after earnings beat S&P 500 likely to ride the wave higher on Nvidia optimism potentially testing the all-time high
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By admin, on February 22nd, 2024
Gold Price (XAU/USD) Analysis and Chart Gold looks set for a sixth straight session of gains Conflict in Ukraine and Gaza underpins the market The prospect of lower interest rates, albeit not imminently, is helping too
Downloadour free Q1 Gold Technical and Fundamental Forecast
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Get . . . → Read More: Gold Prices Rise Again On Weaker Dollar, Geopolitics Dominate
By admin, on February 22nd, 2024
GBP/USD Analysis and Charts
UK business activity continues to expand. GBP/USD buoyed by Sterling strength and US dollar weakness.
?Most Read: US Dollar Trims Losses After Fed Minutes Caution Against Early Cuts
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How to Trade GBP/USD . . . → Read More: British Pound (GBP) Latest – GBP/USD Boosted by Positive UK PMIs, Weak US Dollar
By admin, on February 22nd, 2024
German, EU PMI Analysis German PMI contracts sharply in February EU PMI data Mixed as France posts impressive numbers
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German PMI Contracts Sharply in February
German PMI data was always going to be under . . . → Read More: German PMI Data Slumps after Decent Run, Broader EU PMI Data Mixed
By admin, on February 22nd, 2024
Crude Oil Analysis and Charts Crude Oil Prices are sliding once again. Traders remain worried about demand if inflation proves resilient and interest rates stay up. Still the broad price uptrend is not yet under serious threat.
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Get . . . → Read More: Crude Oil Heavy As Global Demand Worries Win Out Over Geopolitics
By admin, on February 22nd, 2024
Will the U.S. dollar extend higher or begin to retreat? Request our Q1 USD trading forecast to find out!
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Most Read: US Dollar Muted Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY & USD/CAD
. . . → Read More: US Dollar Trims Losses After Fed Minutes Caution Against Premature Rate Cuts
By admin, on February 21st, 2024
Local CPI Key Takeaways:
1. Consumer inflation in South Africa increased in January 2024, driven by rising prices for food, housing, utilities, transport, and miscellaneous goods and services.
2. The annual consumer price inflation rate was 5.3% in January 2024, up from 5.1% in December 2023.
3. The main contributors to the annual inflation . . . → Read More: USD/ZAR Price Forecast: Rand Marginally Weaker after Local CPI Inflation
By admin, on February 21st, 2024
Japanese Yen Prices, Charts, and Analysis Japan’s exports hit a record high in January. USD/JPY back in the danger zone.
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A weak Yen helped Japanese exports . . . → Read More: Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again
By admin, on February 21st, 2024
Most Read: Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?
The U.S. dollar fell modestly on Tuesday on the back of subdued U.S. yields in a session lacking significant drivers. Volatility in the FX space, however, may accelerate later in the week, courtesy of a high-impact event on the . . . → Read More: US Dollar Subdued Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY, USD/CAD
By admin, on February 20th, 2024
Most Read: US Dollar Forecast – Bullish Bias Remains in Place, Setups on EUR/USD, USD/JPY
Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing . . . → Read More: Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?
By admin, on February 20th, 2024
Oil (Brent Crude, WTI) Analysis China adds further support to the ailing economy Brent crude oil drops at prior swing low, propped up by the 200 SMA WTI oil oscillates around key, long-term trend filter The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery
By admin, on February 20th, 2024
USD/JPY Analysis and Charts USD/JPY trades cautiously above the 150.00 mark. Risk aversion has offered the Dollar some broad support. Expect more focus on the possibility of intervention in the market as the recent highs approach.
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. . . → Read More: Japanese Yen Ticks Lower, FOMC Minutes, Japanese Trade In Focus
By admin, on February 20th, 2024
EUR/USD, EUR/GBP Prices, Charts, and Analysis EUR/USD trading on either side of 1.0800, helped by US dollar weakness. EUR/GBP bounces off support and is looking to print a fresh multi-month high.
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Most Read Euro . . . → Read More: Euro (EUR) Price Latest – EUR/USD Testing Resistance, EUR/GBP Eyes Multi-Week High
By admin, on February 20th, 2024
Pound Sterling (GBP) Analysis Monetary policy committee set to testify in parliament Cable (GBP/USD) appears vulnerable to bearish threat Looking for actionable trading ideas? Download our top trading opportunities guide packed with insightful tips for the first quarter:
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Get Your Free Top Trading Opportunities . . . → Read More: Sterling Update: GBP/USD Hanging on but Breakdown Threat Looms
By admin, on February 20th, 2024
EUR/USD Analysis and Charts EUR/USD inched lower in the European session. The overall downtrend in place all year remains dominant. Germany’s PMI data later this week could bring some movement.
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Get . . . → Read More: Euro Slips In Holiday Thinned Market, Looks Nervously to German PMI
By admin, on February 19th, 2024
Japanese Yen (USD/JPY) Analysis
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Markets Still Eye April for Potential Rate Hike
Markets have not been deterred by the fact that Japan has entered into a recession, still indicating a high probability that the . . . → Read More: Historic Rate Rise on Track Despite Recession, USD/JPY Contained
By admin, on February 19th, 2024
British Pound (GBP) Outlook, Charts, and Analysis GBP/USD didn’t lose much when US PPI saw rate-cut expectations pushed back again It has risen a little further in Monday’s European session, but bulls look cautious Trendline support from 2022 is getting close
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. . . → Read More: British Pound Holds On Above $1.26, But Watch That Level Closely
By admin, on February 19th, 2024
AUD, China Analysis Minutes to suggest the RBA requires greater conviction around inflation AUD/USD builds on recent recovery – stern resistance in sight Chinese markets reopen higher – no changes to medium-term lending rates The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit . . . → Read More: AUD/USD Outlook: AUD Lifted as Chinese Trade Resumes, RBA Minutes Next
By admin, on February 19th, 2024
Gold (XAU/USD) Analysis and Chart Gold continues its technical correction. Trading activity will pick up later in the week.
Most Read: Gold Picking Up a Small Bid as Oversold Conditions Begin to Clear
US equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh . . . → Read More: Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near
By admin, on February 18th, 2024
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears
Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.
US inflation releases this week helped push US Treasury yields, and the greenback, higher this . . . → Read More: Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears
By admin, on February 18th, 2024
Most Read: USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap Upside
Earlier this year, the market consensus indicated the Federal Reserve would deliver about 160 basis points of easing in 2024. However, these dovish expectations have been dialed back this month following stronger-than-forecast U.S. jobs growth and sticky inflation data, . . . → Read More: US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD
By admin, on February 16th, 2024
Most Read: Gold (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear
USD/JPY rallied and consolidated above the 150.00 threshold on Friday, rebounding from the slight dip in the previous trading session. This uptick was fueled by rising U.S. Treasury yields following higher-than-expected U.S. producer price index figures, which echoed the . . . → Read More: USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap Upside
By admin, on February 16th, 2024
Gold (XAU/USD) Analysis and Chart US PPI comes in hotter-than-expected Retail sales missed market expectations and turned negative in January. Gold is correcting higher after being technically oversold.
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Recently released US producer price inflation data . . . → Read More: Gold (XAU/USD) Picking Up a Small Bid as Oversold Conditions Begin to Clear
By admin, on February 16th, 2024
FTSE 100, Dow Jones, Dax 40 Analysis and Charts
???FTSE 100 rebounds
?The index has enjoyed two days of gains, recouping the losses suffered on Tuesday.?Further gains target the 7700 high from early January, before moving on to the late December high at 7750. Having established a higher low this week, the bullish . . . → Read More: FTSE 100 Recovers, while Dax and Dow make Further Gains
By admin, on February 16th, 2024
Nvidia Earnings Analysis
Key takeaways
1. NVIDIA’s fourth-quarter results for fiscal year 2024 will be reported on February 21, 2024.
2. NVIDIA’s stock has been performing well, with a significant increase of nearly 50% year to date. This growth is driven by the increasing demand for AI technology, and the company has received optimistic . . . → Read More: US Earnings Preview: What to Expect from NVIDIA Results
By admin, on February 16th, 2024
Pound Sterling (GBP/USD) Analysis UK retail sales rose an impressive 3.4% to overcome December’s 3.3% decline GBP/USD unphased by the report after a busy week, filled with data Fed speakers, US PPI and the University of Michigan consumer sentiment report up next The analysis in this article makes use of chart patterns and . . . → Read More: UK Retail Sales Soar in January to Erase December Slump, GBP Unfazed
By admin, on February 16th, 2024
GOLD PRICE FORECAST Gold prices advance following disappointing U.S. economic data All eyes will be on the U.S. PPI report on Friday This article explores key tech levels to keep an eye on in XAU/USD
Most Read: EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to Recovery
Gold prices (XAU/USD) . . . → Read More: Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues
By admin, on February 16th, 2024
Oil (Brent, WTI Crude) Analysis Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower Brent crude oil flirts with the 200-day SMA WTI testing major zone of resistance into the end of the week The analysis in this article makes use of chart patterns and key support and . . . → Read More: Oil Price Update: IEA Lowers Demand Growth Estimate, Oil Recovery Slows
By admin, on February 15th, 2024
Most Read: British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY
EUR/USD advanced on Thursday, climbing for the second straight day after bouncing off the psychological 1.0700 level earlier in the week, supported in part by disappointing U.S. economic data. For context, U.S. retail trade figures showed that sales contracted 0.8% . . . → Read More: EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to Recovery
By admin, on February 15th, 2024
Bitcoin (BTC) and Ethereum (ETH/USD) Prices, Charts, and Analysis: Nine green candles in the last ten days. Bitcoin halving event the next driver of price action.
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The post-ETF approval/pre-halving Bitcoin rally is . . . → Read More: Bitcoin (BTC/USD) Continues to Post Fresh Multi-Month Highs, Ethereum (ETH/USD) Eyes $3k
By admin, on February 15th, 2024
Japanese Yen (USD/JPY) Analysis and Chart USD/JPY creeps lower again Surprise news of recession in Japan has boosted the Yen Economic weakness makes the BoJ/s stated aims much harder
The Japanese Yen was stronger against the United States dollar on Thursday despite some dismal economic news out of Japan.
Not only did that country . . . → Read More: Japanese Yen Gains As Growth Data Put Spotlight On BOJ Policy Shift
By admin, on February 15th, 2024
UK GDP, Pound Sterling, FTSE 100 Analysis Economic Deterioration Confirmed in Q4
The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two . . . → Read More: UK Recession Confirmed by Dismal Q4 GDP Data – GBP, FTSE Reaction
By admin, on February 15th, 2024
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GBP/USD FORECAST – TECHNICAL ANALYSIS
GBP/USD extended losses on Wednesday, but narrowly . . . → Read More: British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY
By admin, on February 14th, 2024
US DOLLAR FORECAST – EUR/USD, USD/CAD The U.S. dollar pauses after Tuesday’s strong rally, with the DXY index moving up and down around the flatline The absence of follow-through to the upside doesn’t necessarily signal a loss of conviction in the bullish outlook This article examines the near-term technical outlook for two key pairs: . . . → Read More: US Dollar Pauses after CPI-Induced Rally, Setups on EUR/USD, USD/CAD
By admin, on February 14th, 2024
Japanese Yen (USD/JPY, GBP/JPY, EUR/JPY) Analysis Japan’s top currency official mentions FX intervention in response to yen weakness USD/JPY tentative above the crucial 150 mark GBP/JPY breakout already struggling for momentum EUR/JPY tests zone of resistance but both currencies The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Japanese Yen Outlook: FX Intervention Talk Reenters the Fray
By admin, on February 14th, 2024
The Bitcoin Halving Event is Due in mid-April – What Does this Mean?
Bitcoin halving is a scheduled event that occurs approximately every four years, or after 210,000 blocks have been mined. During this event, the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. Halving is . . . → Read More: The Next Bitcoin Halving Event – What Does it Mean?
By admin, on February 14th, 2024
Gold (XAU/USD) Analysis Hot January CPI Lifts the Dollar and US Yields but PCE Inflation is Key
After US CPI beat expectations yesterday, both the US dollar and Treasury yields rose. The lift was the latest move within a general trend higher for both asset classes as market participants ease expectations around rate . . . → Read More: Gold Sinks, Weighed Down by the Dollar and US Yields Post CPI
By admin, on February 14th, 2024
GBP/USD Analysis and Charts UK inflation unchanged in January. Price pressures are expected to ease in the coming months. GBP/USD struggling to recover after being hit lower yesterday by a strong US dollar.
?Most Read: UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPY
UK inflation remained steady in . . . → Read More: British Pound (GBP) Update – UK Inflation Unchanged in January, Rate Cut Expectations Trimmed
By admin, on February 14th, 2024
Most Read: USD/JPY Forecast – Hot US Inflation Sparks Bullish Breakout, Key Levels Ahead
GOLD PRICE FORECAST – ANALYSIS
Gold prices (XAU/USD) plunged and reached their weakest point in two months on Tuesday after higher-than-anticipated U.S. CPI data sparked a hawkish repricing of Fed interest rate expectations, boosting U.S. Treasury yields and the U.S. . . . → Read More: Gold Price, Nasdaq 100, EUR/USD – What Comes Next After US CPI Data?
By admin, on February 13th, 2024
USD/JPY OUTLOOK Higher-than-expected U.S. inflation numbers propel U.S. Treasury yields higher, boosting the U.S. dollar across the board USD/JPY soars past the 150.00 mark, hitting its highest level in nearly three months This article examines key technical thresholds to watch in the coming trading sessions
Most Read: US Dollar Jumps on Stronger-Than-Expected Inflation Data, . . . → Read More: USD/JPY Forecast: Hot US Inflation Sparks Bullish Breakout, Key Levels Ahead
By admin, on February 13th, 2024
Euro (EUR/USD, EUR/GBP) Analysis ZEW economic sentiment inches higher but confidence remains low EUR/USD descending channel heads lower after testing resistance EUR/GBP testing crucial support zone – follow through needed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education . . . → Read More: Euro Price Outlook: Hot US CPI Weighs on the Euro
By admin, on February 13th, 2024
US Dollar Index, US Treasuries, Gold Analysis and Charts US shelter and food costs continue to rise, energy costs fall. US dollar index jumps over half a point, and gold turns lower.
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US inflation . . . → Read More: US Dollar Jumps on Stronger-Than-Expected Inflation Data, Gold Crumbles into Support
By admin, on February 13th, 2024
Pound Sterling (GBP/USD, GBP/JPY) Analysis Employment and Earnings Data May Weigh on BoE Inflation Projections
UK employment data rose in December after witnessing even greater additions in the two months prior. Momentum in the job market appears to be positive but a reweighting of the Labour Force Survey from today onwards means that . . . → Read More: UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPY
By admin, on February 13th, 2024
MARKET FORECAST – GOLD PRICES, USD/JPY, GBP/USD The U.S. dollar moves without directional conviction on Monday ahead of U.S. CPI data The January U.S. inflation report will steal the market’s attention on Tuesday This article focuses on the technical outlook for gold prices, USD/JPY and GBP/USD
Recommended by Diego Colman
. . . → Read More: US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD
By admin, on February 12th, 2024
EURO OUTLOOK EUR/USD slides on Monday, turning lower after failing to clear resistance at 1.0785 Market attention will be on the January U.S. inflation report on Tuesday This article explores EUR/USD’s key technical levels to watch in the coming days
Most Read: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation
EUR/USD retreated . . . → Read More: EUR/USD Forecast: US Inflation Data to Drive Market Sentiment, Breakdown in Play
By admin, on February 12th, 2024
GBP/USD, EUR/GBP Analysis and Charts
Economic data will help Sterling traders. GBP/USD finding support from the long-term moving average.
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Sterling has recovered around half of its recent losses against the US dollar after UK . . . → Read More: British Pound Latest – Heavyweight UK Data Will Steer GBP/USD, EUR/GBP in the Days Ahead
By admin, on February 12th, 2024
Gold (XAU/USD), Bitcoin (BTC/USD) Analysis and Charts
Q1 2024 Gold Forecast:
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Gold in need of a driver – will US CPI help? Bitcoin – a confirmed break of $49k should bring $52k back into play . . . → Read More: Gold (XAU/USD) Listless Ahead of US CPI, Bitcoin (BTC/USD) Probes Multi-Year High
By admin, on February 11th, 2024
MARKET FORECAST: GOLD, US DOLLAR, EUR/USD, GBP/USD Gold prices fall on rising U.S. Treasury yields and a strengthening U.S. dollar EUR/USD and GBP/USD inch lower, but manage to hold above important tech levels The U.S. inflation report is likely to be a source of volatility in the week ahead
Most Read: US Dollar Eyes . . . → Read More: Markets Week Ahead: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation
By admin, on February 10th, 2024
GOLD PRICE WEEK AHEAD OUTLOOK Gold ticked down this week, but lacked strong conviction, with prices fluctuating aimlessly around the 50-day SMA, a sign of consolidation The January U.S. inflation report will be the focus of attention and a potential source of market volatility in the week ahead This article looks at XAU/USD’s technical . . . → Read More: Gold Price Forecast: US Inflation to Dictate Direction, Volatility Looms Ahead
By admin, on February 9th, 2024
Major Indices Update: FTSE 100 drops on AstraZeneca disappointment Dow trades close to record highs Nikkei 225 scales new 34-year high
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FTSE 100 drops on AstraZeneca disappointment
The FTSE 100 has been rapidly declining from . . . → Read More: FTSE 100 drops, Dow remains bid and Nikkei 225 makes new 34-year high
By admin, on February 9th, 2024
Euro Main Talking Points Germany CPI rate confirmed at a more-than two-year low However, it’s still above target and the economy is shaky EUR/USD is holding on above 1.07
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The Euro was weaker but not . . . → Read More: EURUSD Ticks Lower As Weaker German Inflation Confirmed, ECB Still In A Bind
By admin, on February 9th, 2024
Gold, Silver Analysis
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Gold Settles into Narrowing Pattern as Yields, USD Edge Higher
Gold entered into a narrowing pattern at the end of last year (with hindsight), seeing gold price rallies and selloffs relatively . . . → Read More: Gold, Silver Watching Seasonal CPI Adjustments on Friday
By admin, on February 8th, 2024
JAPANESE YEN OUTLOOK – USD/JPY, EUR/JPY, GBP/JPY The yen (JPY) weakens across the board following dovish comments from a key Bank of Japan official. Indications that the BoJ will not hike aggressively when it exits negative rates should be bearish for the Japanese currency This article discusses the near-term technical outlook for three yen . . . → Read More: Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPY
By admin, on February 8th, 2024
Oil (WTI, Brent Crude) News and Analysis EIA storage data reveals minor drop but extends run of successive drawdowns Oil Responding Positively to Improvements in the Battered Chinese Equity Space (Brent crude) WTI oil nears significant zone of resistance The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Oil Attempts Recovery with Key Level in Sight
By admin, on February 8th, 2024
Pound Sterling (GBP/USD) Talking Points: GBP/USD has slipped back after two days of gains The prospect of higher US interest rates for longer continues to dominate Some as-expected US jobless claim data saw Sterling losses deepen
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. . . → Read More: British Pound Falls Back Into Red As Dollar Fights Back, Central Bank Speakers Eyed
By admin, on February 8th, 2024
EUR/USD Main Talking Points: EUR/USD’s Fed-inspired slide didn’t break its downtrend or trading range The Single currency is creeping back up within that range There are still plenty of European Central Bank speakers on tap this week
The Euro continues its modest recovery against a United States Dollar still well-underpinned by the prospect . . . → Read More: EUR/USD Edges Up Even As Fed Speakers Echo Powell, German Inflation Eyed
By admin, on February 8th, 2024
Major Indices Update:
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Dax stumbles
Further gains here continue to be stemmed by the 17,000 area though the broader uptrend is still in place.
January witnessed a bounce from the 50-day simple moving average (SMA), . . . → Read More: DAX Edges Down, S&P 500 Eyes 5000 and Nasdaq 100 Hits New Record High
By admin, on February 8th, 2024
USD/JPY News and Analysis
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Senior BoJ Official Reaffirms Cautious Approach in the Lead up to Normalisation
Comments from the Bank of Japan’s Deputy Governor Shinichi Uchida has softened the yen on Thursday morning as . . . → Read More: Yen Softens as Senior BoJ Official Favours a Cautious Exit from Negative Rates
By admin, on February 8th, 2024
GOLD PRICE OUTLOOK – XAU/USD TECHNICAL ANALYSIS Gold prices have lacked directional conviction this year, with bullion seemingly in a consolidation phase awaiting fresh catalysts Next week’s U.S. inflation data may be a source of market volatility and could help guide precious metals in the near term This article examines XAU/USD’s technical outlook, analyzing . . . → Read More: Gold Price Forecast: US Inflation Data to Guide Trend; XAU/USD Levels Ahead
By admin, on February 7th, 2024
US DOLLAR OUTLOOK: TECHNICAL ANALYSIS – EUR/USD, USD/CAD & AUD/USD The U.S. dollar (DXY index) lacks directional bias as traders await new catalysts The U.S. inflation report will be the next important source of market volatility This article focuses on the technical outlook for EUR/USD, USD/CAD & AUD/USD
Most Read: US Dollar Technical Forecast: . . . → Read More: US Dollar Forecast: Seeking New Drivers; Setups on EUR/USD, USD/CAD, AUD/USD
By admin, on February 7th, 2024
S&P 500 Analysis Recent years have produced meagre returns for the S&P 500 in February Typical election year starts out poorly before surging higher – 60 Day Cop Market breadth appears to be pulling back slightly – catalyst needed to breach 5k mark on the S&P 500? The analysis in this article makes use . . . → Read More: S&P 500: Why US Stocks May Not Feel the Love in February
By admin, on February 7th, 2024
Crude Oil Update: Energy markets have been worried about oversupply These worries have weakened somewhat, but haven’t disappeared Technically US crude’s uptrend remains in place
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Crude Oil Prices have been supported on Wednesday by news . . . → Read More: Crude Oil Prices Supported By US Inventory Levels, Geopolitics
By admin, on February 7th, 2024
Japanese Yen Major Talking Points: USD/JPY hovers around its opening level Tuesday Market focus us on Japanese wage settlements, with annual negotiations under way The medium-term range is holding, any break is likely to be instructive
The Japanese Yen hovered around its opening level against the United States Dollar through Wednesday’s European session, having . . . → Read More: USD/JPY Steadies After Last Week’s Gains As Market Mulls BOJ Path
By admin, on February 7th, 2024
Global Indices Update:
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FTSE 100 rallies on better-than-expected BP earnings
The FTSE 100 broke out of its 7,690 to 7,600 sideways trading range and did so to the upside on better-than-expected BP earnings and as . . . → Read More: FTSE 100, CAC 40 Resume their Ascents but Nikkei 225 Stays Subdued
By admin, on February 7th, 2024
GBP/USD Analysis Economic calendar quiet but scattered with central bank speakers GBP/USD tests prior zone of support after temporarily trading below the 200 SMA Elevate your trading skills and gain a competitive edge. Get your hands on the Pound Sterling Q1 outlook today for exclusive insights into key market catalysts that should be . . . → Read More: Cable (GBP/USD) Attempts Recovery – Key Levels for Downside Continuation
By admin, on February 6th, 2024
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USD/JPY FORECAST – TECHNICAL ANALYSIS
After a strong rally over the last couple of sessions, USD/JPY reversed to the downside on . . . → Read More: Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPY
By admin, on February 6th, 2024
USD, (DXY) News and Analysis Economic data and Fed speakers to provide tailwind for the dollar Fed speakers with the power to prolong USD move – key resistance assessed 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: US Dollar Propelled Higher on String of Strong Data, Fed Speakers Next
By admin, on February 6th, 2024
Gold (XAU/USD) News and Analysis: Gold prices are in the green Tuesday after two days of big falls Last week’s news of US labor market strength continues to weigh However falls have been more limited than other assets’
Gold prices have managed some modest gains on Tuesday after a punishing few sessions courtesy of . . . → Read More: Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000
By admin, on February 6th, 2024
Pound Sterling News and Analysis: Repriced Fed bets have taken GBP/USD down to one-month lows An important technical retracement point has stopped the bears so far Can it continue to do so?
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The British . . . → Read More: British Pound Bounces at Key Support, Fed Speakers Likely To Dominate Trade
By admin, on February 6th, 2024
Major Indices Latest: Dow drifts back from high Nasdaq 100 sits at record Hang Seng surges in promises of state support
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Dow Drifts Back from High
Friday’s record high gave way to some modest . . . → Read More: Dow Edges Lower and Nasdaq 100 Holds up, While Hang Seng Surges?
By admin, on February 5th, 2024
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Most Read: US Dollar Forecast – Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USD
The U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging . . . → Read More: US Dollar Forecast: USD/JPY Attacks Resistance as EUR/USD & GBP/USD Break Down
By admin, on February 5th, 2024
Gold (XAU/USD) Analysis Bumper non-farm payrolls for January sees rate cut odds pushed back US yields continue to rise after NFP and Powell’s confirmation that March is not the base case for first rate cut Gold prices drop, weighed down by tapered rate cut bets and stronger USD The analysis in this article . . . → Read More: Gold Prices Fall in Response to Rising Yields, USD Post-FOMC
By admin, on February 5th, 2024
EUR/USD Main Talking Points: EUR/USD starts the week with more falls The pair has already slid for four straight weeks Dollar strength looks set to dominate trade for some time
The Euro made a new low against the United States Dollar for this young year to date on Monday as the unwinding of early . . . → Read More: EURUSD Wilts Again On Stronger Dollar, German Trade Misses Don’t Help
By admin, on February 5th, 2024
WTI (US Oil) Talking Points: Crude prices look set for a third straight session of falls A stronger Dollar has added to the markets’ woes Keep an eye on Fed speakers this week
Crude oil prices have been hammered again on Monday by the stronger United States Dollar spring on global markets by . . . → Read More: Crude Oil Prices Sink On Strong Dollar As Fed-Cut Bets Are Off
By admin, on February 5th, 2024
Major Indices Updates: FTSE 100 continues to be side-lined DAX 40 dips but tries to regain lost ground S&P 500 trades in new record highs
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FTSE 100 continues to be side-lined
The FTSE 100 is . . . → Read More: FTSE 100, DAX 40 side-lined while S&P 500 trades in record highs
By admin, on February 4th, 2024
Markets Week Ahead: S&P 500, Dow Hits Fresh Highs, Gold Fades, US Dollar Rallies
Fed Holds Steady, Ditches Tightening Bias, Gold and US Dollar on the Move
Fed chair Jerome Powell pushed back against aggressive rate cut expectations again mid-week after the FOMC left US rates unchanged. A March rate cut is currently being . . . → Read More: Markets Week Ahead: S&P 500, Dow Hit Fresh Highs, Gold Fades, US Dollar Rallies
By admin, on February 4th, 2024
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, AUD/USD The U.S. dollar, as measures by the DXY index, rallies following strong U.S. labor market numbers Solid job creation could delay the start of the Fed’s easing cycle and reduce the likelihood of deep rate cuts This article examines the technical outlook for three major currency pairs: . . . → Read More: US Dollar Forecast: Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USD
By admin, on February 2nd, 2024
Most Read: US Dollar Jumps After NFPs Smash Estimates, Gold Slumps
The U.S. dollar surged on Friday after economic data revealed that U.S. employers added 353,000 workers in January, nearly double market expectations. The exceptionally robust job creation, along with red-hot average hourly earnings, signals that the economy is holding up remarkably well and . . . → Read More: US Dollar Forecast: Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USD
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