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Friday, 30 June 2023

US Dollar Slides as Feds Favorite Inflation Gauge Comes Below Expectations

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The U.S. dollar, as measured by the DXY index, fell on Friday after U.S. PCE data showed that consumer spending and core inflation rose less...

Gold Price Latest: Testing Support as US Inflation Data Nears

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Markets are in wait-and-see mode ahead of the latest US inflation print out later today. from DailyFX - Market News https://ift.tt/TMdCcmQ...

Euro Breaking News: Core Inflation Rises in Europe Headline Declines

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The stickier, core measure of inflation in the Euro Area rose during the month of June but less than expected. Headline inflation continues ...

FTSE 100 DAX 40 and S&P 500 try to end month and quarter on a high

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​​Outlook on FTSE 100, DAX 40, and S&P 500 as month and quarter end may generate volatility. from DailyFX - Market News https://ift.tt...
Thursday, 29 June 2023

Japanese Yen Setups: USD/JPY Buoyed by US Data GBP/JPY Wavers at Resistance

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This article examines USD/JPY and GBP/JPY from a technical analysis perspective, analyzing possible scenarios in the event that key price le...

Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US Data

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Gold prices could head lower in the near term if strong U.S. economic data lead the Fed to deliver additional monetary tightening in the com...

Euro Breaking News: German CPI Breaks Disinflationary Trend Euro Dips

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Inflation during the month of June proved too hot, halting progress to the developing disinflationary trend. Euro eases from DailyFX - Mar...

Bitcoin (BTC/USD) Needs a Confirmed Break of $31k to Regain Bullish Momentum

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Bitcoin is consolidating its recent sharp gains and may push further ahead if near-term resistance can be taken out. from DailyFX - Market...

Dow Nasdaq 100 and CAC40 make headway

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​Indices have continued to recover from the lows of the week, and look set for more gains. from DailyFX - Market News https://ift.tt/CVqQg...

Silver (XAG/USD) Price Forecast: Silver Selling Meets Support

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Silver selling abates as prices consolidate into a pennant formation. Levels for bearish continuation identified from DailyFX - Market New...
Wednesday, 28 June 2023

Australian Dollar Fails to Firm on Strong Data as US Dollar Gains. Lower AUD/USD?

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The Australian Dollar backed away from higher ground after the US Dollar ascendency got back on track as markets digest the Federal Reserve’...

Crude Oil Conflicted by Tightening Rates and Dwindling Inventory. Where to for WTI?

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Crude oil prices consolidated going into Thursday after testing the low side of the range as markets reassess the monetary policy outlook. W...

Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in Play

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Gold prices retreat as Fed chair Powell retains hawkish stance, signaling that the central bank will resume hiking rates at upcoming meeting...

Gold Price Forecast: XAU/USD Breakdown Levels Identified

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Gold has broken below the longer-term ascending channel, pointing to continued selling despite short-lived geopolitical tensions providing a...

FTSE 100 DAX 40 and S&P 500 recover

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Outlook on FTSE 100, DAX 40 and S&P 500 as they bounce off this week’s lows on solid US data from DailyFX - Market News https://ift.tt...

EUR/USD to Remain Supported by Hawkish ECB as Sintra Meeting Heats Up

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EUR/USD is likely to remain rangebound as Central Bankers share their thoughts at the ECB Forum. The tussle for superiority between bulls an...
Tuesday, 27 June 2023

New Zealand Dollar Ahead of US PCE Data; NZD/USD AUD/NZD GBP/NZD Price Setups

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The New Zealand dollar is maintaining a weak bias against most of its peers ahead of the key US PCE price data due Friday, on diverging mone...

Australian Dollar Slides After CPI Data; How Much More Downside in AUD/USD?

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AUD dropped after Australia's monthly CPI indicator showed price pressures moderated more than expected last month. What is the outlook ...

Bank of Japan (BoJ) - Foreign Exchange Market Intervention

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As interest rate differentials widen between Japan and other major economies, the Japanese Yen continues to weaken. from DailyFX - Market ...

Japanese Yen Weakens Further: USD/JPY GBP/JPY and CAD/JPY Latest

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Japanese officials are voicing their concerns over the latest bout of JPY weakness, but will jaw-boning be enough to stop the Japanese Yen f...