How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

from DailyFX - Market News https://ift.tt/6P2Rcj7
via IFTTT

AUD/USD Eyes Chinese Trade Data as APAC Traders Weigh RBNZ Bets

The Australian Dollar may react to today's trade data out of China where a Covid outbreak is ongoing. APAC traders are also weighing the chance for a 50-basis point rate hike from the RBNZ today.

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

Nasdaq 100 Outlook: Traders Sell the Rip as Inflation Remains a Headwind

U.S. stocks rose earlier in the day after core CPI grew less than expected, but gave up all gains and finished lower as the macroeconomic environment remains challenging for risk assets.

from DailyFX - Market News https://ift.tt/XlJF4uc
via IFTTT

Using Stop Loss Orders in Forex Trading

Market movements can be unpredictable. The stop loss can provide protection against losses.

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

USD/CAD Rate Pulls Back from 50-Day SMA Ahead of BoC Rate Hike

The Bank of Canada (BoC) interest rate decision may drag on USD/CAD as the central bank is expected to deliver its third rate hike in 2022.

from DailyFX - Market News https://ift.tt/vwl3ZHu
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/UHKv6tZ
via IFTTT

GBP Forecast Q2 2022: The Bank of England's Inflation and Growth Puzzle

The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already lifted the ...

from DailyFX - Market News https://ift.tt/v7BeVa6
via IFTTT

EUR/USD Price Outlook: EUR Receives a Lift after Macron’s First Round Victory

The euro starts the week higher as Macron takes the lead in the French elections. All eyes on the ECB for hawkish clues as rate differentials weigh on the currency

from DailyFX - Market News https://ift.tt/NqmRA1B
via IFTTT

British Pound (GBP) Technical Outlook: Cable Revisits 1.30 After Soft Economic Data Release

GBP/USD price action shows traders flirting with the significant 1.30 level for a second time in 2022, while focus shifts to key US and UK economic data tomorrow.

from DailyFX - Market News https://ift.tt/seq0Jc8
via IFTTT

Japanese Yen Forecast: USD/JPY Surge Persists As Bond Yields Hit Fresh Highs

Firmer bond yields and BoJ calm over weaker Yen keeps USD/JPY bullish.

from DailyFX - Market News https://ift.tt/kcqDE2g
via IFTTT

Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply

The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo...

from DailyFX - Market News https://ift.tt/aUIn5bF
via IFTTT

Euro Challenged as US Dollar Skips Up on Higher Treasury Yields. Where to For EUR/USD?

The Euro may have got a reprieve from the French election potentially being resolved, but a strong US Dollar has dominated. Will EUR/USD break lower?

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

Markets Week Ahead: Dow Jones, USD, Euro, Canadian Dollar, CPI, ECB, BoC, French Election

A busy week is ahead for the Dow Jones, US Dollar, Euro, Canadian Dollar, gold and crude oil. US inflation, the ECB and BoC rate decisions, as well as the French Presidential Election are on tap. W...

from DailyFX - Market News https://ift.tt/34Qe5pL
via IFTTT

Australian Dollar Forecast: AUD/USD Eyes China CPI Ahead of Event-Heavy Week

AUD/USD is in focus as Asia-Pacific trading kicks off for the week. The lockdowns in Shanghai are under watch as traders prep for several potential high-impact events, including Chinese CPI due out...

from DailyFX - Market News https://ift.tt/JyFB9wp
via IFTTT

S&P 500 Forecast: Rising US Consumer Prices to Drag on Risk Appetite

Fresh data prints coming out of the US may drag on the S&P 500 index as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month.

from DailyFX - Market News https://ift.tt/xwm1Jqh
via IFTTT

Crude Oil Fundamental Forecast: US-IEA Release, Shanghai Woes to Weigh as Inventories Rise

Crude oil prices dropped for a second week amid Chinese Covid woes and increasing US production and inventory levels. Along with headwinds from a coordinated IEA release, prices may drag.

from DailyFX - Market News https://ift.tt/CQLJ1ft
via IFTTT

Euro Weekly Forecast – Will the ECB Disappoint the Hawks Next Week?

Next week's ECB monetary policy meeting will test President Christine Lagarde's ability to manage market expectations while at the same time proving that the central bank remains in control.

from DailyFX - Market News https://ift.tt/4jcaegS
via IFTTT

Gold Price Forecast: XAU/USD Lacks Directional Conviction on Conflicting Market Forces

Gold prices may lack directional conviction and chop around current levels in the coming days as U.S. dollar strength and rising yields are offset by elevated geopolitical risk premium and recessio...

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

GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling

Fed hawks keep the USD on the front-front. Lack of alternatives sees USD remaining as king.

from DailyFX - Market News https://ift.tt/5LTF4rl
via IFTTT

Bitcoin Treads Cautiously Along Key Technical Levels

Bitcoin prices have stabilized above the key psychological level of $45,000 but can technical remain as prominent drivers of price action?

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