Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact

Crude oil prices retreated from recent highs as the Fed’s hawkish signals propelled the US Dollar, weighing on commodity prices. The demand outlook remains bright after inventories fell the most in...

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

How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

from DailyFX - Market News https://ift.tt/2ZL5jIR
via IFTTT

Gold Price Forecast: FOMC Tanks Gold but Fed Patience Key for XAU Recovery

The FOMC decision tanked gold after bond bears drove Treasury yields higher on a less dovish Fed. However, the central bank remains patient, which may help gold as bond markets stabilize.

from DailyFX - Market News https://ift.tt/3wA9BSb
via IFTTT

Australian Dollar Outlook: AUD/USD Looks to Rebound After Blowout Jobs Data

Australian employment data blew consensus forecasts out of the water on Thursday, highlighting the strength of the country’s recovery.

from DailyFX - Market News https://ift.tt/3xrNrl7
via IFTTT

S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal

The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity prices. APAC stocks may follow lower at ...

from DailyFX - Market News https://ift.tt/3q3r6bd
via IFTTT

Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

from DailyFX - Market News https://ift.tt/3e44of9
via IFTTT

New Zealand Dollar Forecast: Upbeat GDP Revives NZD/USD After FOMC Drop

The New Zealand Dollar rebounded on upbeat gross domestic product (GDP) figures following a sharp turn lower from FOMC-induced Greenback strength.

from DailyFX - Market News https://ift.tt/3q0s5ZH
via IFTTT

Brazil Central Bank hikes Selic Rate to 4.25%, Hawkish Bias May Boost the Brazilian Real

Brazil's Central Bank raises its benchmark interest rate by 75 basis points to 4.25% and signals another rate hike of the same magnitude for its next monetary policy meeting.

from DailyFX - Market News https://ift.tt/3vGxh6p
via IFTTT

Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window

The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further in the days ah...

from DailyFX - Market News https://ift.tt/3guay9a
via IFTTT

USD/ZAR Forecast: Fed Hawkish Surprise Depresses Rand Gains

The Federal Reserve interrupted markets today with a slightly more hawkish tone than previously expected. This pushed USD/ZAR to levels last seen in may but will the Rand pull back lost gains as ma...

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

US Dollar Strength Might Fade as Powell Downplays Fed Dot Plot

The US Dollar is trading sharply higher in the wake of the latest Federal Reserve announcement, but Fed Chair Powell's dovish downplay of upgraded dot plot projections could see USD strength fade.

from DailyFX - Market News https://ift.tt/35zLVRX
via IFTTT

Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory

The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this year.

from DailyFX - Market News https://ift.tt/3vuglj5
via IFTTT

US Dollar, Yields Surge as Fed Brings Forward Taper Timeline

The US Dollar is spiking higher alongside Treasury bond yields as markets react to the latest Fed announcement, which shows two interest rate hikes penciled in the dot plot by the end of 2023.

from DailyFX - Market News https://ift.tt/3iKxH8T
via IFTTT

Gold Price Forecast: XAU Pullback Ahead of FOMC - GLD Levels

Gold prices have pulled back from the bull flag breakout, and are now sitting on a massive spot of support ahead of the FOMC.

from DailyFX - Market News https://ift.tt/3zu6PzP
via IFTTT

EUR/USD Rate Bounces Back From 50-Day SMA Ahead of FOMC Rate Decision

EUR/USD bounces back from the 50-Day SMA (1.2104) ahead of the Fed rate decision, with the central bank expected to retain the current course for monetary policy.

from DailyFX - Market News https://ift.tt/3ztK2nH
via IFTTT

FOMC Event Risk: How Will the Market React

Federal Reserve the main event of the week. Dot plots, Fed statement and Powell press conference in focus.

from DailyFX - Market News https://ift.tt/2SvWp2c
via IFTTT

EUR/GBP Price Forecast - Rangebound For Now But Support May Soon be Tested

EUR/GBP remains stuck in a rut but the recent series of lower highs suggests buyers are running out of steam

from DailyFX - Market News https://ift.tt/3xpgNR9
via IFTTT

US Dollar Setup: USD/CAD, USD/JPY, EUR/USD Ahead of FOMC

The US Dollar is holding range as investors await Fed’s views on rising prices

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

Crude Oil Price Outlook: Strength to Persist as Global Economy Expands

The price of Brent crude oil has hit its highest level since April 2019 and is well placed to advance further although, as ever, prices could consolidate first.

from DailyFX - Market News https://ift.tt/35xiXSJ
via IFTTT

Chinese Yuan (CNH) Muted While China's Economic Recovery Slows

Softer than expected economic data reinforces view that the Chinese economic recovery is slowing.

from DailyFX - Market News https://ift.tt/3d3Q5pJ
via IFTTT