Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook

USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data impresses.

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

Gold Price Pops 1% as Real Yields Tumble to Five-Month Low

Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.

from DailyFX - Market News https://ift.tt/3yYv8F8
via IFTTT

Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?

The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of the second quar...

from DailyFX - Market News https://ift.tt/3z2Np4b
via IFTTT

Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles

The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.

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

AUD/USD to Stage Larger Rebound on Upbeat Australia Employment Report

Fresh data prints coming out of Australia may spark a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.

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

USD/CAD Gyrates as Bank of Canada Reduces QE, Upgrades Outlook

The Canadian Dollar is interestingly weaker in immediate reaction to the BoC announcement as USD/CAD pivots higher despite the Bank of Canada reducing weekly asset purchases by C$1-billion.

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

Turkey’s Central Bank Holds Key Rate at 19%, USD/TRY Largely Shrugs Off Decision

The Central Bank of Turkey maintains its benchmark interest rate at 19% for five consecutive months, in line with market consensus.

from DailyFX - Market News https://ift.tt/3khUWI0
via IFTTT

EUR/GBP Price Forecast - Range Support Broken, Fresh Multi-Month Lows Now on The Cards

EUR/GBP has broken through recent support and the pair now look set to drift lower with the early April low the next target.

from DailyFX - Market News https://ift.tt/3kh4nHV
via IFTTT

Short EUR/CAD on Central Bank Differences: Q3 Top Trading Opportunities

Monetary policy decisions from the ECB and BOC to determine EUR/CAD performance

from DailyFX - Market News https://ift.tt/3AsNu2r
via IFTTT

US Dollar Setup: USD/JPY, USD/CAD Ahead of US PPI and Powell Testimony

The US Dollar is keeping an eye out for inflation data to consolidate further bullish momentum

from DailyFX - Market News https://ift.tt/3B1A4uM
via IFTTT

British Pound Q3 Fundamental Forecast

The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases

from DailyFX - Market News https://ift.tt/3jFp7IU
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Rallying After Hot UK Inflation Data

UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.

from DailyFX - Market News https://ift.tt/3i8OGjd
via IFTTT

US Dollar May Extend Upward as Powell Reiterates Policy Pivot

The US Dollar may continue to push higher, building on gains scored after June’s sizzling CPI data, as Fed Chair Jerome Powell testifies in Congress.

from DailyFX - Market News https://ift.tt/3z1owG5
via IFTTT

Crude Oil Prices Eye $75 Amid Tight Supply, Falling Stockpiles

WTI crude oil is hovering at around $75/bbl after the API reported a 7th consecutive weekly fall in stockpiles. Tight supply conditions may lend support to prices amid lingering viral concerns.

from DailyFX - Market News https://ift.tt/2UMfiP7
via IFTTT

Gold Prices Steady as Inflation Hits 13-Year High, Eyeing 1815 for Breakout

Gold prices edged higher within an “Ascending Triangle” as stronger-than-expected US inflation data bolstered its appeal. Nonetheless, tapering concerns may cap the upside after the RBNZ’s hawkish ...

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

New Zealand Dollar Forecast: NZD/USD Shoots Higher on Hawkish RBNZ, LSAP Termination

The New Zealand Dollar rocketed higher against the US Dollar after the RBNZ announced a halt to its Large Scale Asset Purchases Program.

from DailyFX - Market News https://ift.tt/3r7FFLi
via IFTTT

Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back

Wall Street stocks pulled back from all-time highs after June’s US core inflation surpassed market expectations by a wide margin. The Hang Seng Index may follow lower.

from DailyFX - Market News https://ift.tt/3edQN42
via IFTTT

Euro Stoxx 50 & IBEX 35 Retreat from Records Amid Inflation, Virus Fears

European equities have retreated off recent highs as fears over the Delta COVID variant force multiple EU members to reimplement restrictions.

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

Australian Dollar Outlook: Westpac Data May Underpin AUD/USD as Jobs Report Nears

The Australian Dollar weakened versus the US Dollar overnight and may see more volatility after the July Westpac consumer confidence index crosses the wires. An RBNZ interest rate decision is also ...

from DailyFX - Market News https://ift.tt/2VE4rHo
via IFTTT

USD/CAD Price Outlook: Canadian Dollar Hinges on BoC Decision

USD/CAD price volatility is expected to stay elevated owing to high-impact event risk posed by the Bank of Canada update due Wednesday. What are Canadian Dollar traders watching out for?

from DailyFX - Market News https://ift.tt/3yVoi3e
via IFTTT