Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears

Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.

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

Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next

Gold prices are rising after the Federal Reserve rate decision, picking up gains during the Asia-Pacific session. Ahead, softer second-quarter US GDP data may further boost XAU/USD.

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

S&P 500 Holds Steady After the FOMC, Hang Seng Aims For a Rebound

from DailyFX - Market News https://ift.tt/3j0YfB8
via IFTTT

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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

Australian Dollar Outlook: AUD/USD Eyes Trade Data After FOMC Weakness

The Australian Dollar is higher against the US Dollar after the Fed's interest rate decision. Export and import price data may provide some event risk in the Asia Pacific region today.

from DailyFX - Market News https://ift.tt/3zZZ1Wb
via IFTTT

US Dollar Outlook: DXY Whipsaws as Fed’s Powell Stays Evasive

US Dollar price action ripped-then-dipped around the latest Fed announcement and press conference from Chair Powell as markets digested a nod to goal progress that is not yet substantial.

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

Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser

The Nasdaq 100 tiptoed higher following the July FOMC rate decision and accompanying press conference from Chairman Jerome Powell. Despite hints of hawkishness that saw the USD rise, stocks remain ...

from DailyFX - Market News https://ift.tt/3zQoG3r
via IFTTT

Oil Price Rebound Underpinned by Decline in US Crude Inventories

The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US crude inventories.

from DailyFX - Market News https://ift.tt/3laS9AT
via IFTTT

Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

Gold price action is dropping alongside a broadly stronger US Dollar following the Fed announcement as the central bank says progress toward goals have been made for tapering.

from DailyFX - Market News https://ift.tt/2UVSX1K
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD

The USD set a fresh three-month-high and then spent the next week pulling back. Today brings the Fed - will USD bulls get back to work?

from DailyFX - Market News https://ift.tt/3f0VXkr
via IFTTT

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

from DailyFX - Market News https://ift.tt/3qAG5Jo
via IFTTT

NZD/USD Rate Rebound Unravels Ahead of Federal Reserve Rate Decision

NZD/USD gives back the advance from the monthly low (0.6881) as the US Dollar outperforms against the commodity bloc currencies ahead of the Fed rate decision.

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

Canadian Dollar Forecast: USD/CAD Drop on the Horizon

USD/CAD raising the risk of a pullback as eyes shift to CPI and FOMC.

from DailyFX - Market News https://ift.tt/3ybZOCP
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

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

The US Dollar is holding range as investors await Fed’s views on recent economic data

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

Gold Latest - Price Action on Hold as Traders Wait for the Latest FOMC Announcement

In a week packed full of risk events, today’s FOMC decision and press conference stand out for their overarching significance

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

British Pound (GBP) Price Outlook: GBP/USD March Higher Halts Pre-Fed

GBP/USD has continued to climb this week, topping both trendline resistance and the 200-dma, but will likely be little changed this session ahead of the Fed's announcement on US monetary policy.

from DailyFX - Market News https://ift.tt/3y9tH6N
via IFTTT

Gold Prices Climb Ahead of FOMC as Traders Anticipate Status Quo, USD Falls

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

Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall

from DailyFX - Market News https://ift.tt/3BLd1od
via IFTTT

Australian Dollar Outlook: AUD/USD Snubs Hot Q2 CPI as Sydney Lockdown Extends

The Australian Dollar is largely unchanged following a hotter-than-expected Q2 CPI print. Next week's RBA decision will be key to AUD/USD's direction, but lockdowns weigh on the economic outlook.

from DailyFX - Market News https://ift.tt/376Nxn2
via IFTTT