Gold Price Forecast: Fed Speak in Drivers Seat as Jobs Report Approaches

Gold prices look to the highly-anticipated non-farm payrolls report, but the Federal Reserve and its members' reaction to the jobs print will likely be gold's next big price driver.

from DailyFX - Market News https://ift.tt/3emYiGv
via IFTTT

AUD/USD Sinks as China Suspends Economic Talks with Australia, Will Support Break?

The Australian Dollar fell as China’s NDRC suspended economic talks with Australia ‘indefinitely’, risking escalating tensions. AUD/USD remains glued to risk trends ahead of the US jobs report.

from DailyFX - Market News https://ift.tt/2Sx1ve3
via IFTTT

Bitcoin Rebounds Back Towards $60K, Dogecoin Continues its Upward Surge

Bitcoin prices may continue to recover lost ground in the coming days on the back of US bank adoption, while Dogecoin could drift lower ahead of Tesla CEO Elon Musk’s SNL appearance.

from DailyFX - Market News https://ift.tt/3b4lkzV
via IFTTT

S&P 500 Index May Lead Nikkei 225 and ASX 200 Higher Amid Reflation Theme

The S&P 500 index edged marginally higher as traders continued to rotate out from growth and into value stocks on reflation hopes. APAC markets are poised for a mixed start as Chinese and Japanese ...

from DailyFX - Market News https://ift.tt/2QON1pz
via IFTTT

The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

from DailyFX - Market News https://ift.tt/3u5ImOc
via IFTTT

New Zealand Dollar Analysis: NZD/USD Energy Builds After Positive Economic Data

NZD/USD momentum appears primed to continue following an upbeat building permits figure showing a 17.9% month-over-month rise for March.

from DailyFX - Market News https://ift.tt/3vOMaE7
via IFTTT

Crude Oil Price Outlook: WTI Peels Back from Year-to-Date Highs

Crude oil price action is struggling to take out technical resistance near the $66.00-handle as India, the world's third largest oil importer, grapples with a worsening covid-19 outbreak.

from DailyFX - Market News https://ift.tt/3hc21Iu
via IFTTT

USD/BRL Points Lower as Brazil's Central Bank Raises Selic Rate to 3.5%

In a widely expected move, the Brazilian Central Bank increased the Selic rate by 75 basis points to 3.5% as the country looks to combat hotter than expected inflation.

from DailyFX - Market News https://ift.tt/3xSWBZc
via IFTTT

Stock Market Forecast for the Week Ahead: Reflation Trade Reignited

Equity traders have had their hands full this week as they juggle various influencers ranging from macroeconomic themes, seasonality and earnings season. Amidst the chaos, a popular trade has retur...

from DailyFX - Market News https://ift.tt/33hkyuO
via IFTTT

Three Women Leaders Changing Finance, Economics and Business

To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.

from DailyFX - Market News https://ift.tt/3tmz539
via IFTTT

AUD/USD Tracks 50-Day SMA Ahead of RBA Statement on Monetary Policy

AUD/USD continues to bounce along the 50-Day SMA (0.7707) ahead of the RBA Statement on Monetary Policy amid the failed attempt to test the March high (0.7849).

from DailyFX - Market News https://ift.tt/3nRhcZ8
via IFTTT

Dogecoin: Doge Jumps Ahead of Elon Musk's SNL Appearance

The Tesla Technoking has an appearance on SNL this weekend, and this may be helping to drive the massive breakout in the meme coin, Dogecoin.

from DailyFX - Market News https://ift.tt/2PT7hpt
via IFTTT

US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY

The US Dollar is holding at a big zone of resistance, but buyers haven't been able to breakout yet even on the heels of Yellen's overheating comment.

from DailyFX - Market News https://ift.tt/3tmRcGj
via IFTTT

USD/CAD Defends April Low Ahead of US and Canada Employment Reports

The recent depreciation in USD/CAD appears to have stalled ahead of the January 2018 low (1.2247) as it defends the April low (1.2266).

from DailyFX - Market News https://ift.tt/3xIjVZv
via IFTTT

US Dollar Muted Following Miss on ISM Services PMI, NFPs Eyed

The US Dollar could struggle to overcome technical resistance following softer-than-expected economic data with both ISM Services PMI and ADP payrolls missing market forecast.

from DailyFX - Market News https://ift.tt/2QNshOX
via IFTTT

Bank of England Preview: Will the BoE Taper QE?

BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.

from DailyFX - Market News https://ift.tt/3teW1Bm
via IFTTT

EUR/GBP Price Analysis - Sliding Towards Important Support as BoE Policy Update Nears

EUR/GBP continues to slip lower and is nearing a multi-week support level ahead of an important BoE policy meeting where tapering of the UK bond-buying program may be mooted

from DailyFX - Market News https://ift.tt/3up8qnB
via IFTTT

Gold Price Forecast: XAU/USD Rejected at 1,800, Momentum Building

Gold pulls back from key resistance, settling back to its recent range as momentum builds

from DailyFX - Market News https://ift.tt/3ehf75B
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist

GBP/USD will likely continue to trade within the broad 1.38 to 1.40 range in place since mid-April unless the Bank of England moves aggressively on monetary policy Thursday.

from DailyFX - Market News https://ift.tt/3tmbr6G
via IFTTT

Dow Jones Forecast: Dovish FOMC, Yellen Clarification to Drive DJI Higher

Yellen’s clarification of rate hike comments and the Fed’s dovish stance may continue to drive US equity prices higher near term.

from DailyFX - Market News https://ift.tt/2RolriO
via IFTTT