All Market Live

Thursday, 23 June 2022

AUD/USD Eyes Rebound After Iron Ore Catches Bid on President Xi Commentary

The risk-sensitive Australian Dollar fell overnight despite a rebound on Wall Street and higher iron ore prices. Japan's CPI print is in focus as the APAC session wraps up the trading week.

from DailyFX - Market News https://ift.tt/YhS13rj
via IFTTT

Gold Price Outlook Mired by Failure to Test 50-Day SMA

Lack of momentum to test the 50-Day SMA ($1864) may undermine the recent rebound in the price of gold as the moving average reflects a negative slope.

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

S&P 500 Rises Despite Disastrous US Economic Data, but Recession Fears May Cap Gains

S&P 500 stages a late day rally, after a subdued performance for most of the session, but gains may be short-lived amid deteriorating U.S. economic data.

from DailyFX - Market News https://ift.tt/YzpmQ9e
via IFTTT

Wednesday, 22 June 2022

US Dollar Firms Despite Recession Chat from Fed Chair Powell. Will USD Go Higher?

The US Dollar rose despite Federal Reserve Chair Powell seeing the possibility of a US recession due to rate hikes. If he mentions recession again, will it impact USD?

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

Gold Price Forecast: XAU Coils as Inflation and Recession Odds Conflict

Gold prices have seen little movement this week as markets weigh commentary from the Federal Reserve Chair as inflation and recession odds conflict against gold's fundamental backdrop.

from DailyFX - Market News https://ift.tt/Qao5FBf
via IFTTT

EUR/USD on Cusp of Pushing Above 50-Day SMA Following Fed Testimony

A move above the 50-Day SMA (1.0607) may lead to a further advance in EUR/USD as the testimony from Fed Chairman Powell does little to curb the advance from the monthly low (1.0359).

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

Australian Dollar Eyes BRICS Summit After Mixed PMI Data

The Australian Dollar fell alongside US equities overnight after Fed Chair Jerome Powell's commentary before Congress spooked the market. The 2022 BRICS Summit is in focus for APAC traders.

from DailyFX - Market News https://ift.tt/fFV73PT
via IFTTT

USD/CAD Susceptible to Larger Correction as RSI Reverses Ahead of Oversold Zone

The limited reaction to the Fed’s semi-annual testimony may lead to a near-term correction in USD/CAD as the RSI reverses ahead of overbought territory.

from DailyFX - Market News https://ift.tt/gS8xqwo
via IFTTT

S&P 500 Falls on Recession Angst Following Powell’s Testimony, Bear Market Lives On

After trading higher for most of the day, the S&P 500 turns lower and notches a small loss, weighed down by fears that the Fed may spark a recession in the process to tame inflation.

from DailyFX - Market News https://ift.tt/vn45XJS
via IFTTT

AUD/USD Forecast: Weaker Commodities and Stronger USD Weigh on Australian Dollar

AUD/USD begins the European session on the backfoot with several headwinds suppressing the commodity linked currency as we look forward to Fed Chair Powell’s testimony.

from DailyFX - Market News https://ift.tt/eC7NOGP
via IFTTT

British Pound: UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher

UK inflation nudged higher in May, keeping the pressure on the Bank of England to take a more aggressive stance on hiking interest rates.

from DailyFX - Market News https://ift.tt/q43WmpB
via IFTTT

Tuesday, 21 June 2022

Crude Oil Price Tanks as Recession Fears Grow Ahead of Fed Chair Powell’s Testimony

Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell's testimony before Congress later today. Will WTI break lower?

from DailyFX - Market News https://ift.tt/5yDSJ1A
via IFTTT

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Each of the commodity currency central banks are expected to hike rates by at least 50-bps at their next meetings.

from DailyFX - Market News https://www.dailyfx.com/forex/fundamental/central_bank_watch/2022/06/21/central-bank-watch-boc-rba-rbnz-interest-rate-expectations-update-june-21.html
via IFTTT

S&P 500 Soars Ahead of Fed Powell’s Testimony. Is This Another Dead-Cat Bounce?

The S&P 500 rallies after last week’s massive sell-off as dip buyers rush to scoop up beaten-down shares in hopes that the worst may be over ahead of Fed Powell's congressional testimony.

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

British Pound Latest: Inflation, Recession Fears and Strikes Cap GBP/USD Upside

Sterling is fighting against a raft of negative economic scenarios and just for good measure the UK today faces the biggest rail strike in 30 years.

from DailyFX - Market News https://ift.tt/H8mPgz4
via IFTTT