New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ currency is running into some pretty tough support that warrants caution in turning excessively bearish.

from DailyFX - Market News https://ift.tt/8O1RBvZ
via IFTTT

US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdle. The market is now eyeing the Fed for clues.

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

Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury yields recently. Importantly, what does it tell us about the future trend?

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

EUR/USD in Downward Spiral after Support Break. What Do Technicals Say?

EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.

from DailyFX - Market News https://ift.tt/5ocxjwC
via IFTTT

GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP

GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?

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

​​ FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data

​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.

from DailyFX - Market News https://ift.tt/H7vLRks
via IFTTT

USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles

CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance.

from DailyFX - Market News https://ift.tt/IKdSl1A
via IFTTT

Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook on the Hang Seng, ASX 200, and the FTSE Straits Times Index?

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

Japanese Yen Slides Despite Intervention Warning as US Dollar Steadies

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?

from DailyFX - Market News https://ift.tt/JMa1nBD
via IFTTT

Gold Price Forecast: 100-Day MA Provides Support as Gold Eyes Recovery

Spot Gold continues to struggle for a meaningful recovery as the Dollar Index (DXY) began the day on the front foot. Will the DXY continue to hamper golds recovery?

from DailyFX - Market News https://ift.tt/8Cm5rlp
via IFTTT

FTSE 100 Lower, Dax Moves Higher While Dow Looks to Edge Up Following Reports of Debt Ceiling Deal​​​​

​Indices were given a boost on Friday by news of a debt ceiling deal in principle, though some of that optimism has ebbed away over the long weekend.

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

GBP/USD Price Forecast: Pound Faces Uphill Battle Despite Debt Ceiling Optimism

GBP/USD has not been able to reverse recent losses while fundamental and technical analysis may suggest further hardship for the pound.

from DailyFX - Market News https://ift.tt/khRa26L
via IFTTT

Bitcoin & Ethereum Week Ahead: Upside Capped For Now?

Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend. Indeed, chances are that cryptocurrencies could be settling in a range in the interim.

from DailyFX - Market News https://ift.tt/MvFBam9
via IFTTT

Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?

The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the debt deal faces an imminent vote.

from DailyFX - Market News https://ift.tt/RnD95jY
via IFTTT

Ahead of Euro Area Inflation: EUR/USD, EUR/GBP, EUR/AUD Price Setups

The euro is beginning to look a bit oversold at least against the US dollar ahead of key Euro area inflation data, opening the door for a minor rebound. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?

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

EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?

from DailyFX - Market News https://ift.tt/DUe7qov
via IFTTT

Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?

Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crude oil and natural gas?

from DailyFX - Market News https://ift.tt/9Lu7hFa
via IFTTT

US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?

The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. Will USD slide on a resolution?

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

Japanese Yen After US Debt Deal: USD/JPY, EUR/JPY, GBP/JPY

The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US Fed rate hike grow. Against its peers, however, the outlook differs.

from DailyFX - Market News https://ift.tt/HUC4nOs
via IFTTT

Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede

The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling resolution.

from DailyFX - Market News https://ift.tt/9Y7VMqU
via IFTTT