Crude Oil Price Slips as China PMIs Disappoint Ahead of OPEC+. Where to for WTI?

Crude oil is softer today after Chinese activity data missed forecasts ahead of this week's OPEC+ meeting. Will an equity market rally push the Fed to a more hawkish stance?

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Weekly Fundamental US Dollar Forecast: Greenback May Have Topped; US NFP This Week

The July Fed meeting changed the trajectory for the US Dollar for the rest of 2022.

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Markets Week Ahead: S&P 500, US Dollar, Gold, AUD/USD, GBP/USD, RBA, BoE, NFP

It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for risk assets.

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S&P 500, FTSE 100 Week Ahead: NFP, ISM and BoE Rate Decision

S&P 500 registers best month since November 2020. FTSE 100 breaks above 100 and 200DMA

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USD/CAD Forecast: US, Canada Employment Reports in Focus

Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy.

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Euro Week Ahead: Non-Farm Payrolls in Focus. Will Jobs Market Offset Slowing Economy?

The Euro slightly gained as the US Dollar weakened. US GDP shrinking once again placed more focus on a pivot from the Federal Reserve. Are markets wrong? All eyes are on non-farm payrolls data.

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Gold Price Outlook Turns Bullish as July FOMC Meeting Marks Peak Fed Hawkishness

Gold prices could continue to recover in the near term as weakening US economic data could prompt a Fed monetary policy pivot later this year, a scenario that could weigh on Treasury yields.

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Crypto Week Ahead: BTC, ETH Bull Run Resumes Post FOMC Meeting, BTC Hits 6-Week High

BTC and ETH are increasingly tackling higher resistance levels. BTC July gains could top 20%.

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Australian Dollar Outlook: US Dollar Gyrations Dominate AUD

The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.

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How Current Markets Will Impact Traders

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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3 Key Trading Lessons From Top Women Traders

The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more details and inspiring stori...

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AUD/USD Holds Above 50-Day SMA Ahead of RBA Rate Decision

AUD/USD may continue to appreciate ahead of the Reserve Bank of Australia (RBA) interest rate decision on August 2 as it holds above the 50-Day SMA (0.6968).

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Bitcoin Prices Poised for More Gains as Risk Assets Gain After Weak US GDP

A weaker-than-expected US second-quarter GDP print was good news for stocks on Wall Street. The risk-on shift sent the US Dollar lower and Bitcoin prices higher, clearing key technical levels.

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Apple and Amazon Shares Soar on Earnings – Intel Stock Pummeled on Dismal Quarter

Apple and Amazon shares traded higher in the afterhours session after releasing quarterly results.

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USD/JPY Susceptible to Larger Correction on Break Below 50-Day SMA

Failure to hold above the 50-Day SMA (134.13) may lead to a larger correction if USD/JPY trades below the moving average for the first time since March.

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S&P 500 and Nasdaq 100 Retain Fed-Induced Bullish Momentum Despite Weak GDP. Why?

After a subdued start to the session following a negative GDP report, U.S. stocks posted a strong intraday reversal, rising for the second consecutive day amid Fed-induced bullish sentiment.

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3 Key Trading Lessons From Top Women Traders

The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more details and inspiring stori...

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How Current Markets Will Impact Traders

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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Crude Oil Price Boosted by Dwindling Inventories and a Soft US Dollar After Fed Hike

Crude oil got a lift from data that revealed stockpiles of black gold had fallen in the US and a post Fed sell off for the US Dollar. Will WTI continue to climb?

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EUR/USD Post-Fed Rebound Susceptible to US GDP, PCE Report

EUR/USD may struggle to retain the rebound from the yearly low (0.9952) as US data prints are likely to keep the Federal Reserve on track to implement higher interest rates.

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