US Dollar Extends Losses as Consumer Confidence Sours. What’s Next for the USD?

The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their daily advance.

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Pound Sterling Reacts Favorably to NI Protocol - GBP/USD, GBP/JPY Rise

News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the Democratic Unionist Party (DUP)

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Crude Oil Market Looks Nervously To PMIs, Inventory Data

A nervy oil market awaits a slew of both energy-specific and general economic numbers

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USD/JPY Facing Strong Technical Hurdle at the 137.00 Level

The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technical hurdles ahead keep USDJPY in check?

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Canadian Dollar Outlook: USD/CAD Price Seeks Breakout Ahead of Canadian GDP

USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the spotlight today.

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Gold Prices at Risk Heading into US Consumer Confidence Data, Death Cross Eyed

Gold prices appear at risk as traders turn their attention to US Consumer Confidence data next. Meanwhile, a bearish Death Cross is in focus on the daily chart.

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USD Breaking News: US Dollar Index (DXY) Retreats as Durable Goods Data Disappoints

US durable goods orders fell more than expected in January, reflecting a decline in 2 of the last 3 months according to data from the US Census Bureau.

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EURUSD Limps Into New Week, Looks Ahead To Eurozone CPI

The Euro has been battered like many other currencies by Dollar-supporting suspicions that US interest rates will be staying higher for longer.

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Higher Inflation Will Change the Trading and Investment Landscape

The markets and assets that do well when price growth is cowed might not be such great investments when it is more vigorous.

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Gold Price Forecast: Short-Term Bounce Potential at $1800 Psychological Level

Spot gold continues to make its way toward the $1800 level as the Dollar remains bid following US PCE Data. Can the precious metal catch a short-term bounce as the RSI enters oversold territory?

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GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

GBP/USD price action has the pound testing the key 200-day MA ahead of the US durable goods orders release later today.

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US Dollar Holds the High Ground as Inflation Haunts Markets. Where to for USD?

The US Dollar ascendency got back on track last week after strong core US PCE data triggered fears of an even more aggressive Fed tightening phaser. Will the DXY index make a new high?

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, USD/CAD, AUD/USD, GDP

The Dow Jones and S&P 500 tumbled as PCE data boosted hawkish Fed bets last week. The US Dollar gained, and gold fell. Ahead, CAD and AUD are eyeing local GDP data. What else is in store?

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Gold Price Fundamental Forecast: XAU/USD Under Pressure From Raging Dollar

Gold prices head into the week on the backfoot after a resilient dollar remains supported by salivated inflationary pressures. XAU/USD eyes 1800.

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USD/CAD at Fresh 2023 Highs After Bullish Breakout, Oil Forges Bearish Pattern

USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technical bias as prices continue to develop a bearish chart formation.

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US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE Data

The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to a hawkish repricing of the Fed’s tightening path amid sticky inflation.

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Euro Weekly Forecast: EUR/USD Gains As Eurozone Data Show Modest Return To Growth

The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped

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Oil Outlook: Russia – Ukraine One Year of Conflict Boosts WTI & Brent

Russia, Ukraine conflict reaches one year mark, adding pressure to the oil trajectory over the next year.

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US Core PCE Rises 4.7% vs 4.3% Forecast, Inflation Pushes Back

A series of stubborn prices pressures via hotter CPI and PPI readings warned of a slowdown of the disinflation trend. However, January’s data supports the Fed’s warnings

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USDJPY Inches Up Incoming BoJ Head Suggests Continuity With Kuroda

The Japanese Yen slipped back a little despite more strong inflation numbers as the man set to take over at the Bank of Japan offered little prospect of major changes

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Euro Price Forecast: German GDP Dampens Strong EZ Data This Week, US Core PCE in Focus

EUR/USD eyes US core PCE later today which may test the lower bound of the developing falling wedge pattern should inflation prove sticky.

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Gold Price Forecast: Bulls Face a Challenge Ahead US PCE Data

Spot gold continues to struggle after printing a fresh 7-week low yesterday. Can the US PCE data provide a catalyst and reignite an upside rally?

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Equities Outlook: Dow Jones, S&P and Nasdaq Lifted by Upbeat Earnings

The S&P 500 index, Dow Jones 30 and the Nasdaq 100 are attempting to reverse the recent slump after the FOMC minutes and Nvidia earnings helped lift sentiment.

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Crude Oil Update: Anticipated EIA Stock Build Favors Current Trading Range

Stock builds in the US and a stronger dollar may be offset by production cuts in Russia and the China reopening effect. However, rising rates raise concern over demand

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GBP/USD Wilts Toward Key Retracement As Rate Prospects Support USD

Economic fragility in the UK and the prospect of higher interest rates for longer in the US add up to a toxic mix for Sterling bulls

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EUR/USD on a Knife Edge as Eurozone Core Inflation Ticks Higher

EZ core inflation hits record in January with EURUSD surrendering the 1.0600 handle. Further downside looking ever more likely. 1.0500 incoming?

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AUD Price Forecast: Aussie at Key Inflection Point Post-FOMC

The Australian dollar is now testing the 0.68 handle but technical analysis could suggest a reversal to the upside for the AUD.

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US Dollar Slides After FOMC Boost as Hikes Get Baked in. Is There a New Trend for USD?

The US Dollar reclaimed the ascendency overnight before slipping today after the FOMC minutes confirmed the perception of upcoming hikes. Is the DXY (USD) Index starting a new trend?

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US Dollar Rallies as Fed Minutes Point to More Hikes amid Upside Inflation Risks

The U.S. dollar, as measured by the DXY index, extended session gains after FOMC minutes showed that policymakers continue to anticipate additional rate hikes to contain inflation.

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US Stock Equities Forecast: S$P 500, Nasdaq 100 Await FOMC Minutes

FOMC Minutes pose a risk for risk assets, will the Fed deliver an upside surprise? S&P 500, Nasdaq levels.

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European Equity Update: Strong Performers FTSE and DAX Head Lower

The DAX and mainly the FTSE have outperformed the largest indices since October 2022, however, signs of fatigue point to pullbacks in both benchmarks

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GBP/USD Latest: UK Data Empowers Sterling, FOMC Minutes Near

Sterling has more than held its own in the foreign exchange market this week, supported by better-than-expected economic data. Up next, the latest FOMC minutes.

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EUR/USD Susceptible to Further Losses Below the 1.0665 Level

EURUSD trickled lower following the European open with improving German Ifo data unable to entice Euro bulls. Can the FOMC minutes or improving sentiment arrest the slide?

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Japanese Yen Outlook: USD/JPY Probes 135 as BOJ Implements YCC

USD/JPY preps for the upcoming FOMC minutes after a BOJ focused morning.

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Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD?

The Euro backed away from recent lows against a US Dollar seeking to reclaim the ascendency with higher Treasury yields underpinning it. Will EUR/USD break the range?

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Gold and Crude Oil Await Dollar Break for Their Own Commitment

Despite the traction ‘risk assets’ have exhibited for bears through Tuesday’s trading session, the US Dollar doesn’t seem to have caught its safe haven wind. That has thrown an unexpected curb on key developments for crude oil and gold which seem break prone but are principally USD-priced.

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Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance

Bitcoin and Ethereum price action has been on a rampant rise since the beginning of the year. With psychological resistance back in play, can the trend hold?

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Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI & ZEW Data

EUR/USD slips on the back of political uncertainty despite positive eurozone PMI and economic sentiment data.

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Gold Price Latest: Crucial Level for Bearish Continuation Becomes Clearer

Gold has witnessed a marked decline since the appearance of the bear flag but recent consolidation poses questions around continued selling

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Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI and ZEW Data

EUR/USD slipped despite better than expected PMI and economic sentiment data on the back of souring political instability.

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GBP/USD Rallies as UK PMI Points to a Solid Recovery

The UK Private sector returned to growth in February following a sharp rebound in the service sector in particular.

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US Dollar (DXY) Grabs a Small Bid Ahead of Important US Data

The US dollar is back up and running after a long weekend and is edging higher, aided by a firm US Treasury complex. US PMIs out this afternoon will give the greenback short-term direction.

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Swedish Krona Holds the High Ground as US Return from Holidays. Lower EUR/SEK?

The Swedish Krona has paused after massive gains from a more hawkish Riksbank tackling swelling inflation. The US will return from a long weekend today, will USD trend resume?

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Australian Dollar Steadies as Trends Get Tested. Where to for AUD/USD?

The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact for AUD/USD?

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Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light

EUR/USD has risen to another zone of technical resistance, driving Euro Dollar into another tight range. As volatility remains light, fundamentals could drive the next move.

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Gold Prices (XAU/USD) Nudge Higher But Bigger Tests Lie Ahead

The precious metal has regained the $1840 level but with the US closed and with heavyweight data and event risk looming this week, volatility is likely in the coming days

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USD/JPY Update: Signs of Exhaustion, Acceptance Above 134.50 Needed for Bullish Rally to Continue.

USD/JPY has stalled following last week’s 300-pip rally. Retracement is looking more likely before further upside.

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GBP Price Forecast: Pound Flat Against Peers, Dovish Pressure on BoE Mounting

EUR/GBP & GBP/USD price action shows minimal changes to last week’s close as markets prepare for a slew of UK, US and eurozone fundamental data throughout the week.

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US Dollar Holds Gains as Markets Weigh Fed Moves. Will Yields Boost USD?

The US Dollar has solidified recent gains on a quiet start to the week with a US holiday giving the market time to consider the Fed’s rate path compared to other central banks.

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Japanese Yen Dips as Treasury Yields Climb Ahead of Ueda Testimony. Higher USD/JPY?

The Japanese Yen has lost ground against the US Dollar as the threat of a re-acceleration of Fed rate hikes lifted Treasury yields and ahead of the nominee for BoJ Governor address.

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Markets Week Ahead: US Dollar, Gold, Dow Jones, FOMC Minutes, PCE, NZD/USD, RBNZ

The US Dollar outperformed as stronger CPI data bolsters hawkish Fed bets last week. Gold prices fell. Ahead, all eyes are on FOMC minutes, PCE data and another RBNZ rate hike. What else is due?

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Gold Price Fundamental Forecast: XAU/USD Tentative Awaiting Fundamental Catalyst

Gold prices look to upcoming fundamental data next week while XAU/USD holds above 1830 for now.

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Oil Forecast: Crude Prices Sink on Rising Rates & China’s Slow Demand Recovery

Oil prices slumped this week as rising rates raised fears of an economic downturn. China’s slow fuel demand recovery following the reopening of its economy also weighed on sentiment.

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Canadian Dollar Outlook: Canada’s CPI Eyed as USD/CAD Challenges Key Resistance

Canada’s January inflation report and broad market sentiment following the hawkish repricing of the Fed’s policy outlook will be key catalyst for USD/CAD in the coming days.

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Dollar Breakout and S&P 500 Breakdown Don’t Project Conviction Into Next Week

The technical levels were clear for the US-based S&P 500 and Dollar through the end of last week, and both tentatively earned a ‘break’ Friday. That said, follow through was clearly under scrutiny by the time liquidity drained. Have we already cleared the sentiment hurdle or do we need a more robust push next week for trends?

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What Past Global Recessions Can Teach Us About the Next One

The second global economic downturn in a decade could be the dark legacy of 2023. What can we learn about what’s to come from past recessions?

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Gold Prices Remain Vulnerable Amid Hawkish Fedspeak and Further Hike Odds

Gold prices extended losses during Friday’s Asia-Pacific trading session. Hawkish Fedspeak further pushed up bond yields, denting XAU/USD as it broke key technical levels.

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US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?

The US Dollar regained the ascendency after Federal Reserve speakers Mester and Bullard cited potential 50 basis points hikes in the pipeline. Will the DXY index keep going north?

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Dollar’s Friday Breakout Potential: EURUSD, GBPUSD, AUDUSD and USDJPY

Risk assets were under pressure through the close of the New York session, but critical technical were still in place for benchmarks like the S&P 500. Could the market overcome a quiet Friday to produce an unusual week-ending break? If so, the Dollar is ready to leverage its safe haven status against EURUSD, GBPUSD and AUDUSD.

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S&P 500 Underwater but Exuberance Hasn’t Yet Cracked - What Now for Stocks?

The S&P 500 has lacked strong directional conviction in recent days after the powerful rally earlier in the year, but the balance of risks appears to be tipping to the downside.

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USDCAD Outlook Has Distinct Technical Levels to Work With

In indecisive markets – which we are currently facing – markets tend to better abide high profile technical boundaries. With USDCAD, there is a well established range from the past month and even larger levels just beyond that congestion. This may suit our conditions well.

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Euro Trapped in the Range as US Dollar Takes off Elsewhere. Where to for EUR/USD?

The Euro consolidated today after the US Dollar reclaimed the ascendency overnight as Treasury yields maintain lofty levels. The ECB is hawkish. Will it boost EUR/USD?

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Great Fall of China: Population Decline Will Have Global Impact

China’s vast population is starting to fall, and the rate of decline could accelerate sharply in the years ahead. What will this mean for the global economy and markets?

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US Dollar Gains as Markets Digest Rosy Retail Sales After CPI Data, Where to?

The US Dollar rallied on Wednesday as markets digested rosy US retail sales data after a red-hot CPI print. Is the Greenback readying to reverse more of its winter 2022 drop?

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Dollar Breaks Higher While Dow Holds its Range: Which Move Metabolizes?

The Dollar earned a potential technical break higher while the Dow Jones Industrial Average seemed to fade back into its well-established range. Which of these moves is more likely to reflect the baseline for speculative conviction moving forward?

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USDJPY Outlook Receives Bullish Charge on Break Higher

The Dollar earned a significant boost Wednesday which pushed USDJPY to a notable technical break above 133.00. Is this a break with follow through given the uneven fundamental backdrop?

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EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip

EUR/USD could extend recent losses if a bearish double top pattern is confirmed with a break below key technical support around the 1.0655 area.

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US Dollar Trades Up Post CPI Beat as Markets Grapple Fed Hikes. Higher USD?

The US Dollar ascendency got back on track after inflation gauges popped higher and the focus moved to the Federal Reserve with more hikes coming. Will USD trend north?

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Japanese Yen Slips as New BoJ Governor Takes the Helm. Where to for USD/JPY?

The Japanese Yen has lost ground against the US Dollar this week amidst the appointment of new Bank of Japan Governor Kazuo Ueda. Will his policies drive USD/JPY higher?

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Dollar Rallies While VIX Drops After CPI, What Dictates the Market’s Next Move?

This week’s most highly-anticipated event risk has passed, and in its wake we are left with higher rate Fed expectations, an uncertain Dollar outlook and a drop in expected volatility. Has the market decided to suppress fundamental concerns or is the fuse already lit?

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What Has the Dow Done After Past CPI Releases?

The US CPI generated significant volatility for benchmarks like the Dow Jones Industrial Average this past session, but the important inflation indicator wouldn’t clarify the market’s direction. That isn’t uncommon for the index. What has followed the immediate reaction to this event in the past?

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British Pound Forecast: GBP/USD Looks to UK Inflation Data for Directional Bias

The January UK CPI report will steal the limelight on Wednesday as traders will try to assess whether the inflation outlook could force the Bank of England to reconsider its dovish stance.

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Breaking News: Indecisive Market Reaction to US CPI Beat

US CPI came in hotter than forecasts suggested but has not triggered the conventional market reaction via the DXY and SPX indexes respectively.

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Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

Brent crude oil prices exhibit signs of attentiveness as markets await key economic data from OPEC and the U.S..

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Gold Prices Turn to US CPI Report, Will Softer Inflation Rekindle XAU/USD?

Gold prices extended losses on Monday heading into a hotly anticipated US CPI report. Will a softer inflation surprise reverse the yellow metal’s recent misfortune?

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Dow and Dollar: What is the Potential for Volatility and Trend from CPI Update?

Two of the largest representatives of market health – the Dow and the Dollar – are facing both technical resistance and the potential of volatility from the impending US CPI release Tuesday. Does this event have the capacity to drive these markets through their technical boundaries?

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US Crude Oil and USDCAD Push Synched Range Swings Ahead of US CPI

Congestion is a common affliction across the financial markets, but expectations for a CPI volatility punch is high. For crude oil’s and USDCAD’s broad ranges, how much potential is there for this top-level event to force a breakout?

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EUR/USD, Gold & Nasdaq 100 Setups Ahead of US Inflation Data. What to Expect?

The January US inflation report will help guide the Fed's path. The FOMC's tightening trajectory, in turn, may offer clues on EUR/USD, gold prices and Nasdaq 100’s short-term directional bias.

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US Dollar Subdued as US Inflation Expectations Little Changed, CPI Data Ahead

U.S. inflation expectations were little changed in January according to a New York Fed survey, but the data was largely ignored as traders await the latest CPI report to be released on Tuesday.

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Earthquake Death Tops 36,000 as Outrage Adds Pressure to USD/TRY

USD/TRY is heading back to January’s all-time high of 18.885 one week after the 7.8 magnitude earthquake ripped through the epicenter of the region.

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US Bond Yields Rally Further Ahead of a Major US Inflation Report

Yields on a range of US Treasuries are back to multi-week highs ahead of Tuesday’s US inflation report, testing the market’s risk appetite.

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GBP/USD Price Forecast: Calm Before the Storm for Pound

The GBP/USD price is showing signs of suspicion as markets keenly anticipate UK employment and US CPI tomorrow.

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Crude Oil Dips as US Dollar Finds Firmer Footing Ahead of CPI. Where to for WTI?

The crude oil price slipped to open the week as the US Dollar eked out modest gains across the board on firming Treasury yields with market focus turning toward US CPI on Tuesday.

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Australian Dollar and the RBA: Dirty Deeds Don’t Come Cheap

The Australian Dollar appears vulnerable on Monday ahead of the RBA Governor’s questioning by Federal politicians as the consequences of loose policy cause friction. Lower AUD/USD?

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, US CPI

The Dow Jones, Nasdaq 100 and US Dollar face a hotly anticipated US inflation report. Will volatility continue rising? Elsewhere, the Australian Dollar eyes local employment figures.

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US Dollar Forecast: Inflation Data to Set Tone for Bond Yields, Fed Path

The U.S. dollar could extend its recovery in the coming week if January U.S. inflation data surprises to the upside and prompt traders to reprice higher the path of Fed rate hikes.

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Dax Prices Beaten Down by Technical Headwinds

The German Dax has fallen below 15400, down by 1.64% for the day. With prices dropping below 15500, the CCI has fallen from overbought territory.

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US Dollar Price Forecast: DXY Nestles Beneath Dynamic Resistance

DXY has consolidated after the impulsive surge on the back of massive beats in NFP jobs data and a healthy services sector of the local economy. Where to from here?

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Gold Price Forecast: Ominous Signs for XAU/USD

XAU/USD price action reveals some bearish technical indications as markets await key U.S. economic data.

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USD/JPY Tests 130.00 as New BoJ Governor Rumors Swirl

The Japanese government is said to be looking at appointing a former member of the Bank of Japan Policy Board, Kazuo Ueda, as the next head of the central bank

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Breaking News: UK GDP Data in Line with Estimates, GBP/USD Steady

The UK economy stalled in the last quarter of 2022 with 2023 set to provide a host of challenges.

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Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?

The Swedish Krona rallied after the Riksbank raised rates and upped the ante on hawkish rhetoric that also gave the Norwegian Krone a boost. Will EUR/SEK continue lower?

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British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness

The UK is likely to avoid a technical recession this year, according to the NIESR, but with growth expected close to zero, it may be a close-run thing.

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WTI Oil Hits Fresh Weekly High, Retracement Before Continuation?

WTI Oil has posted 3 successive days of gains following a double bottom pattern and renewed optimism around China’s growth prospects.

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AUD Price Forecast: RBA Shielding Aussie Dollar Against Hawkish Fed

The Australian dollar awaits key economic data for some short-term directional partiality. AUD/USD will break a key level soon.

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US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?

The US Dollar reclaimed the ascendency overnight after the Federal Reserve got its message across loud and clear and the markets believed them this time. Where to for USD/JPY?

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S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?

The S&P has pulled back from last week’s 2023 peak as Federal Reserve tightening concerns continue to plague equity markets. If interest rates go higher for longer as promised, where does that leave Wall Street?

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S&P 500 Winds Up Without a Clear Catalyst, Dollar Needs a Stronger Shove

The markets have downshifted this week with the lighter economic docket giving greater weight to the technical barriers that are prevalent across the benchmarks. Will the S&P 500 and Dollar be able to earn a break and traction before next week’s US CPI stirs the speculative waters again?

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Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric

Spot gold’s rally has seen it take out the weekly high at $1885 with $1900 now in sight. Will Fed speakers spoil the party?

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USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ Head

Japan’s PM Kishida is to submit his candidate for Bank of Japan Governor to parliament next week. Will the new incumbent normalize current ultra-dovish policy?

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British Pound (GBP) Forecast: Cable Shaped by USD Factors

GBP/USD is at the mercy of the Fed and U.S. centric information as markets reprice their rate expectations higher weighing negatively on the pound.

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Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?

The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.

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Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?

The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.

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Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing

Did Powell cap interest rate expectations and in turn revive the Dow and other risk benchmarks? More likely, fed rate expectations fueled by last week’s strong data run has likely find a natural equilibrium; but that means risk trends and the Dollar need a new guiding fundamental light to render tentative breaks into viable trends.

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Gold Prices Remain Weak, US Treasury Yields Test Multi-Week Highs

US Treasury yields have re-priced sharply higher after last Friday’s NFP report and this has left gold vulnerable to further losses in the short term.

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Brent Crude Oil Taking Advantage of Weaker USD, IEA Outlook & Supply Interruptions

Brent crude oil opens the European session on the front foot but markets are wary in anticipation of Fed Chair Jerome Powell’s speech later today.

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US Dollar Bumped by Hawkish Fed and the RBA Joins the Rate Hike Party. Higher USD?

The US Dollar gave up some ground today after reclaiming the ascendency with the Federal Reserve picking up the hawkish message ahead of Powell’s speech today. Where to for DXY (USD) Index?

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Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?

The Australian Dollar skipped north after the RBA raised the cash rate target by 25 basis points to 3.35% as the central bank tries to rein in eye watering inflation. Will AUD/USD go higher?

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Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent

The strong trends of risk aversion and Dollar recovery at the end of last week have survived the weekend. EURUSD and USDJPY won significant technical progress as the market’s Fed rate forecast has jumped, but how far can this momentum carry? Meanwhile, will meme stock volatility unsettle the S&P 500 and core market?

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Dollar Advance and Uneven Risk Trends Amplify USDMXN, USDHKD, USDINR and USDTRY

There has been a notable swoon in risk-leaning assets that has also provided some predictable lift to the US Dollar. Combined, these forces have created some unique pressure on some of the more pressurized emerging market currencies. We look at the Dollar cross with the Mexican Peso, Hong Kong Dollar, Indian Rupee and Turkish Lira.

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Bank of Japan (BoJ) - Foreign Exchange Market Intervention

As interest rate differentials widen between Japan and other major economies, the Japanese Yen continues to weaken.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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EUR/USD Forecast: No Let Up for Euro Post-NFP, What Fed Pivot?

EUR/USD bears have capitalized on fading Fed pivot bets but have a lot to look forward to this week from both ECB and Fed officials.

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US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?

The US Dollar jumped back in the driver’s seat after jobs data unveiled an economy that remains robust despite the Federal Reserve hiking rates. Will the DXY (USD) Index go higher?

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Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower AUD/USD?

The Australian Dollar ran out of puff after making a seven-month high last week before the US Dollar regained traction and claimed the ascendency. Where to for AUD/USD?

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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Jerome Powell, RBA

The Nasdaq 100 and Dow Jones reversed lower after a blowout jobs report last week. The US Dollar rallied at the expense of gold. All eyes turn to Fedspeak, the RBA rate decision and Canadian employment figures.

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Dow’s Skepticism Anchors Nasdaq Volatility, Dollar Charged by NFPs and Rate Forecasts

What matters more to the markets: that the US economy looks less at risk of a recession or that the Fed will be able to fulfill its rate hike forecast? The volatile reaction to this past week’s rate decisions, NFPs and US growth data leaves the markets evaluating what trends lie ahead.

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Breaking News - US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%

The US jobs market enjoyed a red hot January with 517k new jobs added, with job growth widespread.

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Central Bank Recap: Crucial Takeaways from the FED, BoE and ECB

Find out what major developments took place in a week consisting of three major central bank meetings and what it means for markets going forward

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WTI Oil Update: Delicately Poised Ahead of NFP Release

WTI Oil has come in for a battering this week as fading optimism around China and a buildup in inventories weigh heavily on the commodity.

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Gold Price Forecast: XAU/USD on the Precipice

Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling.

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Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?

Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?

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USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move

Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower

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US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling

The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low

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Gold Prices Rallied as Markets Kept Betting Against the Fed, Now What?

Gold prices rallied the most in almost 2 weeks as markets continued to bet against the Federal Reserve. What did Jerome Powell say and what are key levels to watch?

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Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?

The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?

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US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?

The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?

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Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends

The Federal Reserve hiked its benchmark rate another 25 basis points and Powell held the door open for further hikes, but neither risk assets nor the Dollar took the group for its word. Scrutinize the progress on trends like that from EURUSD with event risk like the ECB and unresolved themes like recession ahead.

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GBP/USD Update: 1.2300 Handle Holds Firm as Markets Take a Breather Before the FOMC Meeting

GBP/USD rangebound as the medium-term direction remains uncertain. FOMC and BoE to provide clarity moving forward.

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Gold Bulls Look Tired After Strong Run Into 2023

Gold prices have been a one-way bet for three months, posting gains on a softer Dollar and hopes that the Fed is losing its enthusiasm for interest rate hikes

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Euro Breaking News – Euro Area Headline Inflation Falls Sharply, EUR/USD Little Changed

Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.

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Japanese Yen Outlook: USD/JPY Scans 130 Ahead of Fed

USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.

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