EUR/USD Rate Rally Responds to Former Support Zone

EUR/USD appears to be responding to the former support zone around the May low (1.0349) as it fails to extend the series of higher highs and lows from earlier this week.

from DailyFX - Market News https://ift.tt/P1T7KxN
via IFTTT

AUD/USD Targets 200-Day SMA as Copper and Coal Prices Surge Amid USD Pullback

AUD/USD neared its 200-day SMA on supportive moves higher in copper, coal and iron ore prices. A weaker US Dollar and a worsening energy crisis in Europe provided another tailwind to the Aussie Dol...

from DailyFX - Market News https://ift.tt/GwR2BFr
via IFTTT

USD/JPY Eyes Monthly Low After Failing to Push Back Above 50-Day SMA

USD/JPY appears to be on track to test the monthly low (130.39) after struggling to push back above the 50-Day SMA (135.24).

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

S&P 500 and Nasdaq 100 Lose Bullish Steam, but Rally May Still Have Legs to Run

The S&P 500 and Nasdaq 100 record modest losses on Thursday, reversing a positive market open, as traders take profits on fears that the recent rally had gotten ahead of fundamentals

from DailyFX - Market News https://ift.tt/vjXeHw9
via IFTTT

USD/MXN Muted After Banxico Meets Expectations with 75 bp Hike

The Central Bank of Mexico raises 75bp after July inflation number reach its fastest pace in more than two decades

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

BTC/USD Outlook: US CPI Overshadows Coinbase - Bitcoin, Ethereum Rise

Bitcoin, Ethereum, Solana and alt coins rose sharply despite shocking results for Coinbase. Can the uptrend hold along with US stocks?

from DailyFX - Market News https://ift.tt/1VxctHg
via IFTTT

GBP/USD Forecast: Pound Grapples With U.S. CPI, UK Politics and Potential Blackouts

GBP/USD expresses caution ahead of U.S. inflation data later today, while UK politics and energy concerns linger in the background.

from DailyFX - Market News https://ift.tt/THI3Oy0
via IFTTT

Crude Oil Price Anchored Ahead of US CPI Despite Disruptions. Will Data Drive WTI?

The crude oil price has been stable as the market braces itself for the crucial US CPI number later today. If inflation misbehaves, will a Treasury rout hit WTI?

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

Gold Prices May Run Higher but US CPI Poses Risks to Bullish Narrative

Gold prices look ready to continue rising amid a potential short squeeze induced by a drop in real yields and the US Dollar after Fed bets eased in July. The US CPI tonight may spoil the bullish na...

from DailyFX - Market News https://ift.tt/2i8Ik5j
via IFTTT

Australian Dollar Steady as China CPI Comes in Cool Ahead of US CPI. Will it Hit AUD/USD?

The Australian Dollar appears range bound after China's CPI and PPI were slightly lower than forecast while all eyes turn toward US CPI later today. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/X5FwATc
via IFTTT

What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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

Ethereum (ETH) Price Outlook: The Most Important Week for Ethereum Merge Test

Final Merge Test Before September Launch. Another Buy the Rumour, Sell the Fact in the Making?

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

Euro Caught in the Range as US Dollar Sidelined Ahead of CPI. Will EUR/USD Breakout?

Euro continues to remain anchored to recent ranges while commodity prices lifting gave related currencies a boost. Will US CPI be the trigger for EUR/USD to get a move on?

from DailyFX - Market News https://ift.tt/4eYEf9P
via IFTTT

Crude Oil Prices Fall as Market Backwardation Weakens Ahead of OPEC Report, EIA Data

Crude oil prices are weaker in APAC trading hours as traders eye OPEC's MOMR and EIA inventory data. Meanwhile, key oil spreads are weakening, suggesting more losses lie ahead.

from DailyFX - Market News https://ift.tt/pCSKdA5
via IFTTT

Gold Price to Track 50-Day SMA on Failure to Clear August Opening Range

The price of gold may continue to track the negative slope in the 50-Day SMA ($1786) if it fails to clear the opening range for August.

from DailyFX - Market News https://ift.tt/i0E6swp
via IFTTT

AUD/USD Buoyed by Rising Iron Ore Prices as Traders Eye Westpac Consumer Confidence

The Australian Dollar rose against the US Dollar overnight, supported by higher iron ore and copper prices. The incoming August consumer confidence data from Westpac presents a risk to AUD.

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

USD/JPY Rate Struggles to Hold Above 50-Day SMA Ahead of US CPI

USD/JPY may face a larger pullback ahead of the update to the US Consumer Price Index (CPI) as the exchange rate struggles to hold above the 50-Day SMA (134.99).

from DailyFX - Market News https://ift.tt/9sHCjoB
via IFTTT

Gold Price Forecast - Double-Top May Hold Further Upside For Now

A quiet start to the week for gold with little in the way of drivers until Wednesday's latest US inflation print.

from DailyFX - Market News https://ift.tt/mA1T6bp
via IFTTT

Breaking News: EU Sentix Investor Confidence Rises but Outlook Remains Bleak

The slightly better data print masks a rather dire situation in the euro zone as Germany’s outlook reaches levels last seen around peak lockdown in 2020

from DailyFX - Market News https://ift.tt/uM1yn9m
via IFTTT