Sunday, 30 January 2022

Euro Weekly Fundamental Forecast: EUR/USD Slide to Continue

The Euro has taken a beating this week after markets received confirmation of the new hawkish Fed. High impact data next week: GDP, inflation and the ECB rate decision

from DailyFX - Market News https://ift.tt/5DAimcndE
via IFTTT

Saturday, 29 January 2022

Gold Price Snaps January Opening Range Amid Detailed Fed Exit Strategy

Fresh data prints coming out of the US may keep the price of gold under pressure as the NFP report is anticipated to show a further improvement in the labor market.

from DailyFX - Market News https://ift.tt/iLJGuqxo7
via IFTTT

US Dollar Outlook: Hawkish Fed Has Markets Eyeing NFPs, RBA, ECB and BoE

The US Dollar may remain on the offensive next week. The RBA, ECB and BoE may offer hawkish tilts, risking further market volatility. Then, all eyes are on non-farm payrolls.

from DailyFX - Market News https://bit.ly/3KTtgnE
via IFTTT

Bitcoin (BTC) Outlook – Buy the Dip or Sell the Bounce?

Bitcoin's latest recovery is looking increasingly tired as it nears a zone of important resistance.

from DailyFX - Market News https://bit.ly/3KWce8H
via IFTTT

Friday, 28 January 2022

Crude Oil Forecast: Russia-Ukraine Crisis Creates Upside Risks for WTI & Brent Prices

Oil has rallied sharply over the past two months and appears overbought by some metrics, but prices may remain supported over the short term on rising geopolitical tensions in Eastern Europe.

from DailyFX - Market News https://bit.ly/3r9Z28c
via IFTTT

Australian Dollar Outlook: All Eyes on the RBA as Fed Fallout Continues

The Australian Dollar is under the pump despite favourable fundamentals as the US Dollar surges on the back of a hawkish Fed.

from DailyFX - Market News https://ift.tt/3rZQ2BL
via IFTTT

Thursday, 27 January 2022

NZD/USD Rate Eyes September 2020 Low as RSI Sits in Oversold Territory

NZD/USD may attempt to test the September 2020 low (0.6512) as the Relative Strength Index (RSI) sits in oversold territory.

from DailyFX - Market News https://ift.tt/3u6WauB
via IFTTT

Bitcoin Selloff Eases Amid Broader Weakness, but Bear Flag Forms Casting Doubt on Recovery

Bitcoin is struggling to gain ground after Wall Street surrendered early gains, which pushed haven flows into the US Dollar. The APAC session may see another risk-off move to end the week.

from DailyFX - Market News https://ift.tt/33W94Ry
via IFTTT

S&P 500 Gives Back Premarket Gains in Choppy Session, Apple Earnings Beat

The S&P 500 gave back overnight gains in a choppy session as market participants looked to Apple earnings after the closing bell.

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

Nasdaq 100 Sheds Gains as Traders Sell the Rip amid Hawkish Fed Policy Outlook

The Nasdaq 100 gives up gains and ends the day sharply lower as traders become increasingly concerned about the Fed policy outlook and its implications for valuations and the economy

from DailyFX - Market News https://ift.tt/3KOhD1m
via IFTTT

USD/CAD Rallies Toward Monthly High Ahead of US PCE Report

Fresh data prints coming out of the US economy may push USD/CAD towards the monthly high (1.2814) as inflation is expected to increase for the fourth consecutive month.

from DailyFX - Market News https://ift.tt/3o601nR
via IFTTT

Bitcoin Setup – BTC/USD Crawls Along Support After Hawkish Fed

Bitcoin (BTC) prices have recovered slightly after failing to breach $32,000. With the Fed rate decision on the horizon, key technical levels remain intact.

from DailyFX - Market News https://ift.tt/33UGujm
via IFTTT

Wednesday, 26 January 2022

British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?

The British Pound has slid lower again today as the Fed delivered on expectations, lifting the US Dollar. Will GBP/USD continue lower?

from DailyFX - Market News https://ift.tt/3G6cmij
via IFTTT

Crude Oil Prices Near 7-Year High on Ukraine Standoff, Falling Cushing Stockpiles

WTI crude oil prices are hovering at 7-year highs on Thursday as investors mull rising Russia-Ukraine tensions amid a tight market. The EIA reported a decent drop in Cushing inventories, supporting...

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

Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?

Gold fell back into a trend channel after the Federal Reserve signalled ceasing asset purchases and hiking rates at their March meeting. Will XAU/USD go lower?

from DailyFX - Market News https://ift.tt/3KIL0Cp
via IFTTT

Dow Jones Wobbles as the FOMC Signals March Rate Hike, Hang Seng Index May Follow

Dow Jones erased earlier gains and ended lower after Powell said he won’t rule out raising rates at every FOMC meeting this year. Tesla earnings beat. Asia-Pacific markets opened cautiously.

from DailyFX - Market News https://ift.tt/3u7KKXx
via IFTTT

EUR/USD Nears 2021 Low as FOMC Unveils More Detailed Exit Strategy

EUR/USD may attempt to test the 2021 low (1.1186) as the exchange rate extends the series of lower highs and lows from the start of the week.

from DailyFX - Market News https://ift.tt/3o3OUff
via IFTTT

S&P 500 Falls as Fed Fails to Rule Out Steep Hiking Path, Growth & Tech Stocks at Risk

The S&P 500 erases gains and posts small losses after Powell admits there is plenty of room to raise borrowing costs and fails to rule out hiking rates at every meeting after liftoff starts.

from DailyFX - Market News https://ift.tt/3rcZ4wh
via IFTTT

Nasdaq 100 Pares Gains During Volatile Fed Day, Tesla Falls on Earnings

The Nasdaq 100 whipsawed in a volatile session as market participants digested the outcome of the January FOMC policy meeting.

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

Crude Oil Forecast: Overbought RSI to Accompany Higher Crude Prices

An overbought reading in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this month.

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