ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clues on when the ECB will start cutting rates

from DailyFX - Market News https://ift.tt/UlyOQxk
via IFTTT

USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying Levels

Japanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play

from DailyFX - Market News https://ift.tt/POsuhgW
via IFTTT

US Dollar Soars after US CPI Data; USD/JPY Stages Bullish Breakout. What Now?

The U.S. dollar rallied vigorously on Wednesday, fueled by hotter-than-expected U.S. inflation numbers – an upswing that propelled USD/JPY to a fresh 2024 peak and its highest level since June 1990.

from DailyFX - Market News https://ift.tt/3izlSgK
via IFTTT

Trading Emerging Market Forex Pairs - USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNH

In the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention in recent years for their unique blend of volatility and potential returns.

from DailyFX - Market News https://ift.tt/ptSeDB9
via IFTTT

Navigating Volatile Markets: Strategies and Tools for Traders

Traders are drawn to volatility due to increased trading opportunities. However, volatile markets require skill, experience, and effective risk management.

from DailyFX - Market News https://ift.tt/tVzZIKQ
via IFTTT

Gold Rally Continues, US Inflation Data the Next Obstacle to Clear

The precious metal remains bid and in record high territory, underpinned by ongoing fears in the Middle East. Today’s US inflation data may hamper further progress.

from DailyFX - Market News https://ift.tt/cojb7xn
via IFTTT

US Inflation Preview: US Dollar & Stocks on Edge. How to Trade this Risk Event?

Wednesday's U.S. inflation report has the potential to cause significant volatility, so traders should prepare for the possibility of treacherous market conditions, especially if the incoming data surprises to the upside.

from DailyFX - Market News https://ift.tt/hxJjvWl
via IFTTT

FOMC Minutes: Strategies to Trade USD FX Pairs and Gold

The Federal Open Market Committee (FOMC) minutes, released a few weeks after each policy meeting, offer traders valuable insights into the U.S. central bank’s thinking. These minutes can have a significant impact on the U.S dollar and gold prices.

from DailyFX - Market News https://ift.tt/6efycEz
via IFTTT

Japanese Yen Nears a Multi-Decade High, Will Talk Turn to Action?

USD/JPY remains close to making a fresh multi-decade high despite official warnings last week that the Yen was too weak. The question lingers: will the BOJ take action beyond verbal intervention to strengthen the Yen?

from DailyFX - Market News https://ift.tt/k9RvbIM
via IFTTT

US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising

The disconnect between the US dollar and US treasuries recently is an interesting one but may have to do with improving EU sentiment. Upward surprise in CPI to jolt DXY?

from DailyFX - Market News https://ift.tt/rcP10uj
via IFTTT

Gold Price Outlook: Drivers Behind Market Boom, Reversal or New Record Ahead?

Gold has soared and hit one record after another this year despite the rally in U.S. real yields, with the bulk of the bullish move taking place over the course of the past two months. What’s behind bullion’s boom?

from DailyFX - Market News https://ift.tt/8QunOUb
via IFTTT

EUR/USD: Top 10 Trading Strategies for Different Market Conditions

EUR/USD, the most heavily traded currency pair in the forex market, provides a wealth of attractive opportunities for retail traders. Its unparalleled popularity and deep liquidity create a dynamic environment where numerous strategic approaches can thrive.

from DailyFX - Market News https://ift.tt/3217eIN
via IFTTT

Kiwi and Aussie Outlook Ahead of the RBNZ Meeting

The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance

from DailyFX - Market News https://ift.tt/B3rl86q
via IFTTT

Bitcoin (BTC) Nears New All-Time High as Halving Event Looms, Coinbase (COIN) Benefits

Bitcoin is above $72k to start the week and is looking set to print a new all-time high ahead of the highly anticipated halving event later this month.

from DailyFX - Market News https://ift.tt/61EDIo2
via IFTTT

Oil Price Update: Israeli Troops Withdraw from the South, Peace Talks Underway

Israeli troops have been withdrawn from Southern Gaza in response to the recent backlash. Peace talks also got underway in Egypt at the weekend but progress remains limited

from DailyFX - Market News https://ift.tt/7jbYE30
via IFTTT

US Dollar Grabs an Early Bid, Rate Cut Now Seen as 50/50, Gold Rallies Further

The US dollar has opened the week on the front foot, supported by higher US Treasury yields. A June US rate cut is now seen as 50/50

from DailyFX - Market News https://ift.tt/KuyQr1J
via IFTTT

Markets Week Ahead: Gold, US Dollar, Euro, Pound Sterling

This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date

from DailyFX - Market News https://ift.tt/bgvoI71
via IFTTT

US Dollar’s Outlook Rides on US Inflation Data - EUR/USD, USD/JPY, GBP/USD

The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations.

from DailyFX - Market News https://ift.tt/9vDaSBW
via IFTTT

Japanese Yen (USD/JPY) On Edge After Official Verbal Intervention, NFPs Next

Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen.

from DailyFX - Market News https://ift.tt/MmQFcyb
via IFTTT

EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation

This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in the coming days.

from DailyFX - Market News https://ift.tt/W2jfpsP
via IFTTT