Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

The Japanese Yen continued higher after US Dollar today as the market has deciphered Fed Chair Powell’s comments are not as hawkish as had been feared. Where to for USD/JPY?

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S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

With less than two weeks to go until the last FOMC rate decision of the year, Fed Chairman Jerome Powell addressed the markets with remarks to suggest a smaller pace of rate hikes is ahead but that the end point for the benchmark is still higher than previously thought. A S&P 500 break suggests the market focused on the tempo.

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US Dollar Sails South as Powell Puts the Fed Case Forward. How Low Can USD Go?

The US Dollar was smashed after hawkish comments by Federal Reserve Chair Jerome Powell overnight were interpreted as a dovish tilt by markets. Will real yields drive the DXY (USD) Index?

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Crude Oil Rises a Third Day from 76 Support as Risk Appetite Adds to Supply Data

Crude oil prices charged higher for a third straight session, further setting the 76 support level established by the 61.8 percent Fibonacci level of the commodity’s historical range. But what would keep the market advancing from here?

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EUR/USD Update: Euro Area Inflation Declines for the First Time Since July 2021

EUR/USD bounces on Euro Area inflation beat. Long-term direction still unclear as markets await Fed Powell speech and NFP data.

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Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

The precious metal is stuck in a holding pattern, waiting for Fed chair Jerome Powell’s speech on the Economy, Inflation, and the Labor Market, later in the session.

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US Dollar Slides Ahead of Fed Chair Comments While Equities Weigh Growth Prospects

The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the USD (DXY) Index?

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S&P 500 Faces Its First Serious Range Break Threat with Fed’s Powell Remarks

Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir that would follow this data wouldn’t rise to the scale to force the S&P 500 nor EURUSD from their narrowest 12-day ranges in months. That spark likely lies ahead.

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Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support

Gold bulls are working a trend and Oil prices have put in a strong bounce from the psychological level at 75.

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Gold Bounces of 100-Day MA Eyeing a Break of $1760

Spot gold’s rally overnight helped by renewed optimism around China’s covid approach. Is the rally sustainable?

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Euro Breaking News: Mixed EZ Sentiment Leaves Emphasis on CPI Data Tomorrow

EUR/USD dismissed EZ confidence and sentiment statistics giving greater importance to the upcoming EZ CPI print.

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GBP Forecast: Pound Undeterred by Hawkish Fed Speakers, BoE’s Bailey in Focus

GBP/USD is trading higher this morning while attention shifts to the BoE’s Governor Bailey for guidance.

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Euro Fights Back Against a Tumultuous US Dollar Caught Between Risk and a Hawkish Fed

The Euro clawed back some gains after the US Dollar ascendency was questioned despite the Federal Reserve reminding markets of their intention. If the US dollar gets traction, will EUR/USD make a new low?

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Crude Oil Price Looks Lower on China Lockdown Fears Ahead of OPEC+. Where to for WTI?

Crude oil slipped lower on concerns around continual lockdowns across China but got a boost from conjecture that OPEC+ are thinking of cutting production further. Will WTI rebound?

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Dollar Yen Outlook: USD/JPY Trades Lower as Dollar Gives Back Gains

USD/JPY has fallen as China protestors drove demand for safe-haven assets. However, with Dollar strength losing traction, the Japanese Yen has gained.

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British Pound Latest – GBP/USD Treads Water as US Data Deluge Nears

GBP/USD is trading on either side of 1.2100 to start the week with the pair’s next move likely to be dictated by this week’s heavyweight US data releases.

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EUR/USD At Risk of Retreat Below 1.05 Key Level

EUR/USD faces significant headwinds around the 1.05 level. A host of key data releases lie ahead this week which could facilitate the pairs next move.

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Crude Oil Weekly Forecast: Brent Dampened by China’s COVID, OPEC+ & U.S. Data to Follow

Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shifts to OPEC+ and US data.

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Australian Dollar Blitzed by China Covid Concerns Souring Sentiment. Where to for AUD/USD?

The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat over continuing Covid-19 related lockdowns.

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US Dollar Grabs the High Ground on Growth Risks. Will the USD (DXY) Index Bounce?

The US Dollar steadied into the trading week as global economic conditions continue to flag warnings for prospects going forward. Has the DXY put a bottom in place?

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Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, British Pound, Euro, Gold

A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC.

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Japanese Yen Weekly Forecast: 140 Key for USD/JPY Ahead of U.S. Economic Data

The Japanese Yen looks to face a week stacked with U.S. centric data which could give USD/JPY traders some guidance as we head into December.

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Euro Week Ahead: EUR/USD Heading for Best Month Since 2010? Eyes on Eurozone CPI

The Euro is likely heading for its best month since September 2010 as the markets focus on relativity between the Fed and ECB. EUR/USD is eyeing Eurozone CPI and non-farm payrolls data next.

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US Dollar Outlook – Will Heavyweight Data Stem the US Dollar’s Ongoing Decline?

The recent US dollar sell-off has seen the greenback fall by 8% since hitting a 20-year peak at the end of September. Next week’s data releases include high-importance inflation and job numbers.

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Australian Dollar Outlook: A Sinking US Dollar Floats All Boats

The Australian Dollar leaped higher with the US Dollar under the pump after November’s Fed meeting minutes.

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Pound Fundamental Forecast: Retailers Hope for Booster Black Friday Sales

UK shoppers are expected to hit the high streets on Friday ahead of the Christmas shopping season as retailers hope to boost sales. US PCE and NFP next week

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USD/JPY Rallies as the Dollar Index Arrests a Three-Day Slide

The Pair has finally gained some upside traction as bets around a less aggressive Federal Reserve ramp up.

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British Pound Forecast: GBP/USD Rally Erases Policy Error Losses

GBP/USD continues to press higher and an important technical landmark is within touching distance.

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Euro Price Forecast: EUR/USD Advances on German GDP and ECB Speakers

EUR/USD is trading higher given a boost from positive German GDP data and ECB officials.

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Crude Oil (WTI) Whipsaws Around Key Level as Fundamental Drivers Clash

Comments from the Saudi Energy Minister supporting supply cuts and increasing Chinese lockdowns results in choppy price action around a key long-term support level

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USD/JPY Collapsing Towards a Fresh Three-Month Low

The recent USD/JPY sell-off continues, driven by greenback weakness, and the pair look set to test levels last seen three months ago.

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GBP/USD Rally Gains Momentum as FOMC Minutes Takes a Dovish Tilt

Cable continued its advance yesterday boosted by the dollar indexes decline. Have we seen the high on the dollar index?

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Crude Oil Update: Brent Falls on Supposed Russian Oil Price Cap

ICE Brent crude oil hurt be the potential for a higher price cap for Russian oil.

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US Dollar Nosedives Post Fed Meeting Minutes. Will the USD (DXY) Index Push Lower?

The US Dollar descended for the third day in a row after the Federal Reserve meeting minutes were interpreted as dovish by the market. Has the DXY lost its ascendency?

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Looking Ahead to EURUSD Activity, VIX Recharge and Key Market Data

This week’s liquidity was as deflated as was expected with the market able to play down key events to safeguard complacency. However, the typical seasonal restraint heading into December that will be turned to next week should not be relied on. Instead, measures like S&P 500, VIX and EURUSD will be prone to volatility and potentially even trend.

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Australian Dollar Soars as the US Dollar Sinks. Will AUD/USD Make a New Peak?

The Australian Dollar was boosted by the US Dollar being undermined by Federal Reserve meeting minutes that were perceived as dovish by the market. Can AUD/USD rally further?

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Euro Breaking News: EUR on Offer Despite EZ PMI Upside Surprise

EUR/USD dismissed better than expected eurozone PMI data ahead of today’s high impact US economic data.

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Crude Oil Forecast: Brent Bid on API and OPEC+ Ahead of Key US Data

Stacked economic calendar for brent crude oil could dictate short-term directional bias ahead of U.S. holidays.

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British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

The British Pound is anchored near the top end this week’s range after US Dollar gave some ground overnight with the focus on the Fed’s pace of tightening. Where to for GBP/USD?

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New Zealand Dollar Whipped by Jumbo Rate Hike. Will NZD/USD Rally Continue?

The New Zealand Dollar continued to firm after a jumbo 75 basis point rate hike by the RBNZ, setting a new record the central bank. Where to for NZD/USD?

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Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts

Gold is guided heavily by the US dollar just as most traditional fiat currencies tend to be. That said, the driving fundamental motivations for the Greenback will have a greater weight over the precious metal. And, that puts the focus on Fed forecasts.

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US Dollar Techs Post-Minutes: EUR/USD, GBP/USD, USD/CAD

The US Dollar broke out to start the week and then pulled back to test support ahead of the release of FOMC meeting minutes from the November rate decision.

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S&P 500, Nasdaq, Dow Jones Techs for This Week

US equities have shown a tendency towards range-bound behavior but the Nasdaq is starting to show a bearish lean: Might the impasse be nearing a break?

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Gold Price Forecast: XAU/USD Breakout Pulls Back, Tests Support at Prior Resistance

Gold prices sit at an important precipice, testing support at prior resistance after a pullback from a key zone at 1786-1794 last week.

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Bitcoin (BTC), Ethereum (ETH) Grind Lower as Grayscale Adds to Fears

Bitcoin and Ethereum have fallen after additional selling pressure drove the two largest digital assets lower. As Grayscale refuses to share proof of reserves, sentiment continues to dwindle.

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Is Yen Weakness on the Way Back? USD/JPY, GBP/JPY, EUR/JPY

USD/JPY broke out from an ascending triangle to start the week raising the possibility of a return of Yen-weakness.

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US Dollar (DXY) Opens the Week on a Positive Note

The US dollar is getting a risk-off push as a range of drivers see investors return to the safety of the greenback.

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S&P 500 Price Outlook: US Stocks Consolidate Around Key Level of Support

The S&P 500 consolidates above a key level of support ahead of the open. Will reports of additional Chinese lockdowns set the tone for the week ahead?

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EUR/USD Update: German PPI Surprise Fails to Arrest Slide as Risk-Off Mood Returns

The pair continues its decline with the macroeconomic outlook supporting lower prices. Is parity in danger once more?

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Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

Gold prices have continued to fall leaving XAU/USD trading below 1750, while markets look ahead to Wednesdays FOMC minutes.

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US Dollar Finds Firmer Footing as Treasury Yields Lift and China Locks Down

The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?

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Crude Oil Prices Crushed on Market Imbalances, WTI at Risk as Asia-Pacific Markets Open

Crude oil prices were crushed on Friday as the futures market entered contango. Wall Street risk aversion may set a sour tone for Asia-Pacific markets to start the week.

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Markets Week Ahead: Nasdaq 100, S&P 500, Gold, US Dollar, NZD/USD, RBNZ, Thanksgiving

The Nasdaq 100 and S&P 500 fell last week amid hawkish Fedspeak, boosting the US Dollar at the cost of gold and crude oil prices. Ahead, all eyes are on the FOMC minutes and the RBNZ for the NZD/USD amid a holiday-shortened week due to Thanksgiving in the US.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Thanksgiving Means Illiquidity, But Volatility?

The Dow Jones, Nasdaq 100 and S&P 500 took steps back last week as Fedspeak and retail sales underscored a hawkish central bank. Thanksgiving brings illiquidity, but what about volatility?

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Euro Price Forecast: ECB Ponders QT vs Rate Hikes, EUR/USD Unmoved

Bleak week ahead for the euro as EUR/USD seeks fundamental catalyst, while ECB tug of war continues between doves and hawks.

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Australian Dollar Outlook: Caught in the US Dollar Vortex

The Australian Dollar was rag-dolled by US Dollar gyrations last week as data and geopolitics had markets running from pillar to post, second-guessing where the Fed is headed.

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Expect S&P 500 and Dollar Volatility to Be Charged by Uneven Liquidity Next Week

The post-CPI swell in volatility seems to have settled and there is a known liquidity drain in the week ahead. While that may go a long way to capping any serious attempts at forging a Dollar or ‘risk’ asset trend, it doesn’t preclude volatility. In fact, it could amplify it.

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USD Forecast: Fed Speakers Stoking Volatility While DXY Consolidates

The U.S. dollar now looks to fundamental catalysts for short-term directional bias while technical analysis points to a fading bearish move on DXY.

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GBP/USD Latest: Sterling Resolute After Fiscal Statement, UK Retail Sales

Cable weathered a volatile session after yesterday’s UK fiscal statement and trades marginally higher after the UK retail figures. Bullish continuation test at 1.2000

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Australian Dollar Filleted by Fed Speak as US Dollar Resumes Ascendency

The Australian Dollar came under pressure today after the US Dollar got a boost from Fed speakers reminding markets of their intentions for rates. Will a strong USD send AUD lower?

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Gold and Crude Oil Prices Sink as US Dollar Rallies, WTI Triangle Breakout in Focus

Gold and crude oil prices fell on Thursday as UK fiscal tightening and US initial jobless claims data soured markets, boosting the US Dollar. What are key levels to watch ahead?

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USDJPY May Be Building Up to a Break and Fed Warnings May Decide the Direction

Congestion remains the most prevalent chart pattern, but there are still the foundations of volatility flare ups in the open market. The S&P 500 showed how a fundamental spark on a tight trading range can resolve. USDJPY may be in store for similar if market’s take Fed remarks seriously.

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S&P 500 Holds Support, Builds Wedge Ahead of OpEx

The S&P 500 continues to operate within prior structure and tomorrow brings monthly options expiration which can spell more volatility.

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Gold Remains Vulnerable Below $1800 Key Level and 200-Day MA

Spot gold’s recent rally appears to have run out of steam as markets shift between risk-on and risk-off sentiment. A test of $1800 remains a possibility.

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Crude Oil Forecast: Letup in Geopolitics Weighs on Brent

Brent crude unmoved today but rising wedge breakout potential looms, exposing further downside.

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Euro Pauses as US Dollar Underpinned by Fed on Sturdy Data Ahead of EU CPI

The Euro made a 4-month high earlier in the week against the US Dollar on a soft US PPI, but overnight data and Fed rhetoric has seen a pause in the meteoric rise. Will EUR/USD go higher?

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Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

The Nasdaq 100 slipped overnight after solid retail sales data that saw long-end Treasury yields move lower again to invert the curve. What is that saying about NDX?

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Australian Dollar Looks Past Jobs Report as Doji Emerges, Will AUD/USD Reverse?

AUD/USD looked past a solid October Australian jobs report. Sentiment remains a key driver for the Australian Dollar after a Doji candlestick showed signs of indecision.

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S&P 500 Retreats to Key Support Following Retail Sales Data

Retail sales data and weak guidance from Target takes the S&P 500 back below 4000.

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Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

Crude oil has bounced around this week amid reports from OPEC+ and the IEA hinting at lower demand, while economic data and geopolitics create uncertainty. Where to for WTI?

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USD/CAD Rate Vulnerable to Sticky Canada CPI

Fresh data prints coming out of Canada may lead to a further decline in USD/CAD as the Consumer Price Index (CPI) is anticipated to show sticky inflation.

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Australian Dollar at Risk, Poland Says Russian-Made Missile Hit Border Area Near Ukraine

The Australian Dollar is testing a critical trendline breakout higher despite rising geopolitical tensions in Europe as Asia-Pacific markets are left on edge for Wednesday’s trading session.

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USD/JPY Rate Susceptible to Another Oversold Reading in RSI

USD/JPY may struggle to retain the advance from the August low (130.39) as the Relative Strength Index (RSI) continues to flirt with oversold territory.

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S&P 500 Rebounds but Reports that Russian Missiles Landed in Poland Cap Upside

The S&P 500 resumed its recovery on the back of weaker-than-expected PPI data, but finished the day off its best levels following reports that Russian missiles crossed into NATO member Poland.

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EURUSD Cooling Off After Failing to Test 1.05

The Euro has cooled from session highs after failing to stretch to the 1.05 threshold.

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Fedspeak for the Week Ahead

Federal Reserve speakers are back out in force this week following last week’s CPI print and major market moves.

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Gold Price Forecast: XAU/USD Nearing ‘Oversold’ Territory as Yields Gap Up

Gold’s recent bullish advance appears under threat as the RSI briefly entered ‘oversold’ territory. Contractionary policy likely to cap longer-term XAU/USD price action

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Forex Spreads Trading Strategies & Tips

Learn how to master the forex spread and keep your trading costs low with our strategies and tips.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Brent crude oil keeps its head above the 95.00 support handle ahead of OPEC’s monthly oil report (MOMR).

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US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

The US Dollar clawed back some ground today the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar?

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Gold Looks Like Neither Inflation Hedge nor Safe Haven

The gold market has continued to slide this year despite rampant inflation, Covid and geopolitical turmoil.

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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ascending USD/JPY trend over?

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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled. Bitcoin was unable to capitalize on risk appetite, sinking 20% as crypto giant FTX filed for bankruptcy. What is in store for markets next?

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Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Inflation data comes into focus for Loonie traders after a major week for USDCAD.

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EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

EUR/USD is on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate hike in December

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Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, eyes are on Fedspeak, PPI and retail sales data.

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US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

The U.S. dollar could extend its near-term correction as slowing U.S. inflation could keep Treasury yields biased to the downside as traders reprice lower the path of monetary policy.

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Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

Two of the biggest names in the cryptocurrency market, FTX and Alameda, may be worthless now after revealing losses running into billions of US dollars.

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USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

USD/CAD finally breaks below the stubborn 1.35 level. Following the US CPI print are we seeing the beginning of a slowdown in rate hikes?

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EUR/USD Latest: EURUSD Prints Largest Single Day Rise Since 2020

EUR/USD posted its highest single day rise since the start of the pandemic as softer US CPI data resulted in a sizeable downward revision in the dollar as well as US yields

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USD/JPY Weakness Leaves 140.00 as the Next Downside Objective

USD/JPY made a failed attempt to break below 140 yesterday after the latest US inflation report showed price pressures cooling in the States.

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British Pound Breaking News: UK GDP Beat Keeps GBP Bid For Now

GBP/USD pushed higher after UK GDP data surprised to the upside.

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Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY?

The Japanese Yen gained on a weaker US Dollar after US CPI came in softer than forecast, driving Treasury yields lower and spurring hopes for a Fed policy pivot. Will USD/JPY break lower?

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Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session

Bitcoin rebounded strongly during US trading hours after a weaker-than-expected CPI report weighed on Fed rate hike bets. Asia-Pacific markets will attempt to capitalize on the move.

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Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance.

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USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI

USD/CAD may struggle to hold above the 50-Day SMA (1.3524) as the US Consumer Price Index (CPI) is anticipated to show slowing inflation.

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AUD/USD Falls Alongside Iron Ore and bitcoin as China Ramps Up Lockdown Measures

The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.

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Gold Price Struggles to Push Above October High Ahead of US CPI

The recent rise in the price of gold may unravel if it fails to push above the October high ($1730).

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S&P 500 Sinks ahead of US Inflation Data, Stock Market at Risk as Bitcoin Collapses

The S&P 500 slumped on Wednesday on risk-off sentiment as traders awaited the results of the U.S. midterm elections and the October inflation report due Thursday morning.

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The Fate of the US Dollar, the Dow, and Gold After US Midterms, US Inflation Data

Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss US inflation data and the US midterm elections.

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Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

Gold and silver prices are at key technical levels after rallying in the first half of the week as a US Dollar pullback improved conditions for the metals. The US consumer price index (CPI) may threaten the rally.

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EUR/USD Clears October High to Eye September High

EUR/USD may attempt to test the September high (1.0198) as it clears the October high (1.0094).

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Australian Dollar Steady as Yuan Wobbles after Chinese CPI and PPI Cools. Lower AUD/USD?

The Australian Dollar holds the high ground after China’s CPI and PPI was below forecasts but the Renminbi eased as hopes tilted toward an easing of conditions. Where to for AUD/USD?

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USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook

The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical breakout.

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USD/JPY Outlook Mired by Failure to Defend Monthly Opening Range

USD/JPY may face a further decline over the coming days as it fails to defend the opening range for November.

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S&P 500 Rises for Third Straight Day ahead of Midterm Election Results, CPI Data Next

The S&P 500 rose for a third consecutive session amid positive sentiment on Wall Street, but the sell-off in the cryptocurrency space likely limited risk appetite

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FX Week Ahead - Top 5 Events: China, Germany, US Inflation Rates; US Midterm Elections; UK GDP

The first week of November is all about central banks.

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Fedspeak for the Week Ahead

Fedspeakers are back out in force this week following last week’s policy meeting. Here’s what to watch.

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EUR/USD Bounces of 50-SMA, Sustained Break Above Parity May Remain Elusive

The pair has returned to parity buoyed by continued dollar weakness. Have we already seen the YTD low?

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GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues

GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-lived

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Forex Trading: What is Forex? FX Trading Explained

Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.

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Gold Price Forecast: XAU/USD Pares Back, Focus on Fed Speakers Ahead of CPI

Spot gold looks forward to Wednesday’s inflation print while XAU/USD hovers around key resistance.

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Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on news around China’s potential reopening.

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Euro Ran Higher on Chine Re-opening Rumours but Turns on Denial. Where to for EUR/USD?

The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD lower?

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Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders.

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Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US CPI report is on tap this week.

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S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market

The U.S. inflation report will be the main catalyst for stocks next week. For the S&P and Nasdaq 100 to have a meaningful chance to move higher, the CPI data must show a significant slowdown.

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Canadian Dollar (CAD) Forecast: Hawkish BoC and Strong Jobs Data Should Keep the Loonie on the Front Foot

Canadian dollar looks set to enjoy a bullish week thanks to a host of confluences. Will the US inflation print scupper CAD gains against the Dollar?

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Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

The Japanese Yen is trading at or near notable technical levels against the US Dollar, Swiss Franc and Australian Dollar. Here are the charts to watch for USD/JPY, CHF/JPY and AUD/JPY.

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Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report

The Japanese Yen gained against the US Dollar last week. Still, it remains a tough road ahead for the currency. All eyes turn to the next US inflation report.

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Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week

Teaser: EUR/USD begins the week on the front foot post-NFP but key inflation releases this week could turn the tide.

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Gold Price Defends Yearly Low with US CPI on Tap

The update to the US Consumer Price Index (CPI) may prop up the price of gold as the report is anticipated to show easing price pressures.

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Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum post strong sessions following NFPs. Higher prices ahead?

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US Dollar’s Suffers Biggest Drop 7 Years, Is That the Start of Something?

The Federal Reserve made clear its intention to keep up its inflation fight, but that drive will only last so long. The DXY Dollar Index suffered its biggest daily drop since December 2015 to end this past week, while stretching a record-breaking run above the 100-day moving average. Will CPI, UofM survey or risk trends change that trend?

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Australian Dollar Outlook: Wings Clipped by the RBA

The Australian Dollar lost ground after the RBA continued to tilt away from a hawkish stance and the US Dollar was underpinned by a Fed hosing down inflation. Will AUD/USD go lower?

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Crude Oil Forecast: Brent Surges on Weaker USD as NFP Takes Centre Stage

Brent crude oil keenly awaits NFP data later today after taking advantage of a softer USD.

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USD/CAD Reverses Ahead of 50-Day SMA to Eye Yearly High

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248).

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Bitcoin Price Outlook: BTC/USD Bounces Back Despite a Strong US Dollar

Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold?

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US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed

US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected.

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EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday's session.

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Gold Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting.

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USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC

The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP.

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AUD/USD to Track 50-Day SMA amid Failure to Test October High

AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547).

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FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage

FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

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South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000

South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000?

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EUR/USD Outlook: 0.9850 Support Holds Firm as Markets Await Clarity

The pair has retreated further from parity to retest last week’s trendline break. Will the FOMC meeting give the pair some much needed direction?

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Gold Prices Hold Nascent Uptrend As Markets Look To Fed

The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support.

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The US Dollar (USD) is Primed For Action with November’s Fed Decision Imminent

This week’s big event, the latest Federal Reserve rate decision, is upon us and the US dollar is prepared for a move.

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Crude Oil Forecast: Brent Bid on Possible Reduction in China’s COVID Policies, API & FOMC

Brent crude oil pushed higher after several fundamental catalysts provided upside support ahead of FOMC later this evening.

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FOMC Strategy Amid a Strong S&P 500 Rebound and Buoyant Dollar

We are heading into this week’s top event risk: the FOMC rate decision. The market consensus is for a fourth consecutive, 75 basis point rate hike; but that exceptional extension of a historical hawkish charge is likely baked in. So what should we focus on for this key event and what markets are most exposed?

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New Zealand Dollar May Rise Against USD and AUD After NZ Job Numbers Impress

The New Zealand Dollar may rise against the US Dollar and Australian Dollar after the island nation’s third-quarter employment numbers beat estimates, underpinning RBNZ rate hike bets.

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S&P 500 Extends Losses as Yields Charge Higher ahead of key Fed Decision. Now What?

US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed's monetary policy decision on Wednesday.

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British Pound News: GBP Dictated by USD Ahead of FOMC

GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.

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