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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