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Tuesday, 31 January 2023

Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?

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The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attentio...

S&P 500 and USDJPY: FOMC Strategy Run Down

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It’s finally upon us: the FOMC rate decision. The markets have been waiting for this event, but will it give the clarity of theme and trends...

Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data

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EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision. from DailyFX - Market News https://ift.tt/MTzOw7m via IFTTT

USD/JPY Breaks Key Downtrend Line But Bulls Have Work to Do

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USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question from DailyFX - Market News https://ift.tt...

Gold Slides Through Support as US Bond Yields Nudge Higher Ahead of the FOMC

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US Treasury yields are inching higher ahead of Wednesday’s FOMC rate decision and this is weighing on the price of gold from DailyFX - Mar...

GBP/USD Retreats as the Fed and BoE Hog the Limelight

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GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a ...
Monday, 30 January 2023

Euro Steadies Ahead of Crucial Fed and ECB Meetings This Week. Higher EUR/USD?

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The Euro has backed away from last week’s peak against the US Dollar in anticipation of further tightening from the Federal Reserve tomorrow...

S&P 500 and Dollar Volatility – But Unlikely Trend – Before FOMC Wednesday

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A week of heavy event risk has started with some tentatively provocative moves from the major corners of the market. The S&P 500 and Nas...

Nasdaq 100 Capsizes After Finally Overcoming 200-Day SMA, Beware More Volatility

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The markets are closing in on systemically important event risk and traders’ compasses are starting to go haywire. Tentative breakout and tr...

EUR/USD Tests 1.0900 – ECB Rate Decision, Inflation and Growth Data Ahead

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A very busy week ahead with the latest ECB rate decision, Euro Area inflation, and growth data all hitting the screens in the next few days....

USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues

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USD/JPY continues to fluctuate between gains and losses as the dollar index remains vulnerable. Will the Fed meeting inspire some renewed do...

What is Leverage in Forex? Forex Leverage Explained

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Find out how leverage works and how to manage your risk when trading FX with leverage. from DailyFX - Market News https://ift.tt/PUMgbNj ...
Sunday, 29 January 2023

US Dollar Poised Ahead of Fed as China Returns. Where to for USD?

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The US Dollar is steady so far today as the market ponders the Federal Reserve rate outlook and weighs tightening central banks against a po...

Crude Oil Price Firms as Markets Appraise Fed Hiking Against China Re-opening

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Crude oil has made some ground today after sliding lower to end last week as US recession fears swirl while Chinese markets return from holi...

Markets Week Ahead: US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE

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Traders are eyeing the Fed, BoE and ECB rate decisions for the US Dollar, British Pound and Euro, respectively. Will central banks disappoin...
Friday, 27 January 2023

US Dollar Technical Forecast: USD Support Test Into a Heavy Week of Data

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The US Dollar took four months to wipe out 50% of a trend that took almost two years to build, but prices has been lodged at that half-way p...

UK FTSE 100 Clings to Support as German Dax Battles Resistance

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FTSE and Dax have remained steady, driving prices into clear ranges of support and resistance. While prices look for direction, technical le...

USD Breaking News: PCE Price Index Declines Adding Further Pressure on the DXY

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US data continues to remain resilient with the Fed meeting now firmly in focus. Slowest PCE increase in 14 months. from DailyFX - Market N...

GBP Price Outlook: Cable Coils into Narrow Range Ahead of Blockbuster Week

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GBP/USD has attempted to trade above the 1.2445 level on a number of occasions now without success and has consolidated into a narrow range....

EUR/USD Forecast: ECB’s Lagarde and U.S. Data in Focus for Euro Today, Turnaround Looming?

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EUR/USD bears may look to capitalize on any U.S. positivity on what has been an overcrowded bullish sentiment of recent. from DailyFX - Ma...