Sunday, 7 November 2021

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

from DailyFX - Market News https://ift.tt/325Ivoz
via IFTTT

Australian Dollar Forecast: AUD/USD May Climb After China Smashes Trade Surplus Record

The Australian Dollar may move higher to kick off the Asia-Pacific trading week after China posted a better-than-expected trade surplus over the weekend.

from DailyFX - Market News https://ift.tt/3o9ULPg
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3Gn2G43
via IFTTT

Markets Week Ahead: US Dollar, British Pound, Treasury Yields, Australian Jobs Report, UK GDP

US stocks rose last week despite the long-awaited taper announcement from the Federal Reserve. The US Dollar, British Pound, government bond yields, and the Australian Dollar are in focus as the tr...

from DailyFX - Market News https://ift.tt/3o8SBzl
via IFTTT

Weekly Fundamental US Dollar Forecast: What’s Next for USD After Fed Meeting, NFP?

The US Dollar (via the DXY Index) hit a fresh yearly high by the end of the week, but the outlook moving forward is a bit more complicated than it appears on the surface.

from DailyFX - Market News https://ift.tt/3H2mrhC
via IFTTT

S&P 500 & FTSE 100 Forecasts for the Week Ahead

US equities back to record highs, seasonality signals short term pullback risk. UK banks pressured.

from DailyFX - Market News https://ift.tt/3GWw9SJ
via IFTTT

Saturday, 6 November 2021

Mexican Peso Forecast: USD/MXN to Retain Bearish Bias Post-Fed Ahead of Banxico

Widespread bullish sentiment and monetary policy divergence between Banxico and the Fed may create an ideal scenario for the Mexican peso to appreciate against the U.S. dollar in the short term.

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

Euro Forecast for the Week Ahead: EUR/USD Outlook Turns Bearish Again

EUR/USD began last week brightly enough but fell sharply Thursday and now looks likely to drop further as the markets begin to believe ECB President Lagarde that Eurozone rate hikes are not on the ...

from DailyFX - Market News https://ift.tt/3mS2T7L
via IFTTT

Gold Price Outlook: XAU/USD Turns to US Inflation and Fed Chair Jerome Powell

Gold prices turn to US CPI data in the week ahead as elevated global bond yields continue to make a tough road ahead for XAU/USD. Fed Chair Jerome Powell commentary eyed.

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

Friday, 5 November 2021

Bitcoin (BTC) and Ethereum (ETH) Setting Up For The Next Leg Higher

The bullish channels that have been guiding Bitcoin and Ethereum higher over the past months are coming under pressure.

from DailyFX - Market News https://ift.tt/3C1Y8Nr
via IFTTT

Altcoin Crypto Currency Shiba Inu Faces Off Against Dogecoin

The latest entry into the altcoin field, Shiba Inu, sees volatility after a brief overtaking of Dogecoin's market cap. What does the massive rise and fall of $SHIBUSD in the past week say about the...

from DailyFX - Market News https://ift.tt/3q9MzRI
via IFTTT

Australian Dollar Outlook: Commodities, US Dollar and RBA Weigh. Can AUD/USD Hold?

The Australian Dollar weakened during the week as the RBA under-delivered and commodities continued lower. Will AUD/USD catch a bid?

from DailyFX - Market News https://ift.tt/3BP3Thc
via IFTTT

GBP/USD Rate Eyes Yearly Low Ahead of UK GDP Report

GBP/USD is on the verge of testing the yearly low (1.3509) ahead of the UK GDP report as the BoE keeps the benchmark interest rate at the record low of 0.10% in November.

from DailyFX - Market News https://ift.tt/3o572o8
via IFTTT

Spot Gold (XAU/USD), Natural Gas (LNG) & Nasdaq (NDX) – FinTwit Trends to Watch

Fintwit has come alive this week after central banks took center stage causing unease across financial markets. Spot gold (XAU) pushed higher, natural gas (LNG) remains impressive while NDX defies ...

from DailyFX - Market News https://ift.tt/3EIsZ2Y
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, AUD/USD

It was a big week for the USD, but bulls were unable to do much on this morning's test of a fresh yearly high. The focus now moves to next week's CPI.

from DailyFX - Market News https://ift.tt/3k7N8Yu
via IFTTT

USD, Gold, US Rates Show Tepid Reaction to Strong US Nonfarm Payrolls

NFP headline beats provides brief USD bid, however, overall reaction is tepid given Fed meeting in the week.

from DailyFX - Market News https://ift.tt/2YhhT5w
via IFTTT

USD, GBP/USD, EUR/GBP Price Action Set-Up

NFP impact reduced. GBP underperforms after BoE shock. EUR/GBP better avenue to fade GBP weakness.

from DailyFX - Market News https://ift.tt/300YDKv
via IFTTT

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

EUR/USD Testing Support Ahead of the Latest US Jobs Report (NFP)

EUR/USD traders have made repeated attempts to force the pair lower over the past 5-6 weeks, but support remains. Today's NFP report may well provide another stern test.

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

Thursday, 4 November 2021

US Dollar Soars on Higher Yields and Bank of England No-Go. Where to for USD?

The US Dollar rallied with Treasuries after the Bank of England surprised markets by leaving rates unchanged. Can the USD make new highs?

from DailyFX - Market News https://ift.tt/3EJp4Dh
via IFTTT

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...