Sunday, 24 October 2021

US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

USD faces headwinds as the combination of fundamental and technical levels push the dollar to key levels against major currency pairs

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Saturday, 23 October 2021

Canadian Dollar Forecast: USD/CAD Drop Supported by Crude Oil, Will BoC Disappoint?

The Canadian Dollar remains supported amid elevated crude oil prices. Don't be surprised if the Bank of Canada disappoints aggressive hawkish expectations. Earnings season is a wildcard.

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Euro Forecast: ECB Meeting Will Aim to Keep EUR/USD Stable, All Settings Unchanged

The European Central Bank will consider it a job well done if there is no movement in EUR/USD or the Euro crosses before, during or after Thursday’s policy announcements by its Governing Council.

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US Dollar Forecast: Greenback Vulnerable to Slowdown in US GDP

The update to the US GDP report may keep the Greenback under pressure as signs of a slowing recovery undermines speculation for an imminent shift in Fed policy.

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Friday, 22 October 2021

Bitcoin (BTC), Ethereum (ETH) Pare Recent Heavy Gains, Solana (SOL) Keeps on Rallying

The cryptocurrency market is ending the week on a mildly cautious note but the outlook remains positive.

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Why COP26 Matters for Markets

Against the backdrop of rising energy prices leading to economic fallout for economies in Asia, Europe, and North America, COP26 is set to begin on October 31.

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Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

The Australian Dollar ran up on widening yield differentials and commodity tailwinds. If those conditions ease, where will that leave AUD/USD?

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British Pound Weekly Forecast: Inflation Expectations and New Covid Cases; Poor Retail Data

November rate hike odds around 50% and a rise in new Covid cases threatens to dampen the services sector as the UK braces for winter.

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British Pound Weekly Forecast: Inflation Expectations and New Covid Cases; Poor Retail Data

November rate hike odds around 50% and a rise in new Covid cases threatens to dampen the services sector as the UK braces for winter.

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Spot Gold (XAU/USD), ECB & S&P 500 INDEX (SPX) – FinTwit Trends to Watch

Key levels are being tested across financial markets as Fintwit focusses on spot gold, the upcoming ECB rate decision and record highs displaying on the S&P 500 index with earnings season in full s...

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USD/JPY Rate on Track for Three-Day Decline as RSI Sell Signal Emerges

USD/JPY may face a larger pullback over the remainder of the month as the Relative Strength Index (RSI) offers a textbook sell signal.

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US Dollar Correction Persists, US PMIs Mixed

US Dollar Hovers Over Weekly Lows as Selling Persists.

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South African Rand Dollar Update: Evergrande, Commodities & Key Levels for USD/ZAR

USD/ZAR falls to critical support after Evergrande payment and commodity prices boost demand for the South African Rand

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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British Pound Outlook Undecided after BoE’s Inflation Warning and Mixed UK Data

The Bank of England's chief economist Huw Pill has warned that inflation could hit 5% in the coming months, leaving the UK rates markets on edge

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EUR/USD Eyeing Former YTD Low, EUR/GBP Maintains Range, EU PMIs Mixed

USD softness taking EUR/USD back to former YTD low. EUR/GBP rises on receding tightening BoE bets

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Australian Dollar Holds Ground as Evergrande Makes a Payment. Can AUD/USD Move Up?

The Australian Dollar found support after Evergrande made a coupon payment to turn market sentiment more positive. Will AUD/USD make a new high?

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Thursday, 21 October 2021

Gold Prices Look to Real Rates as November FOMC Nears, PMI Data Due

Gold prices are looking to real interest rates for direction as markets weigh the rise in nominal yields and inflation expectations ahead of November’s FOMC meeting. PMI data is due.

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Japanese Yen, US Dollar Gain Amid Inflation Woes. Will USD/JPY, AUD/JPY Reverse?

The Japanese Yen and US Dollar gained as inflation woes dampened risk appetite. Soft Snap Inc. and Intel earnings weakened the Nasdaq 100. Are USD/JPY and AUD/JPY reversing?

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S&P 500 Notches Fresh Record Close, Snapchat & Intel Retreat on Earnings Disappointments

The S&P 500 tallied its first record close since September 2nd, with the index currently on a seven day streak of gains.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...