Euro Forecast: EUR/USD Sinks Further, 20-Year Low Back in Play

The latest round of Russian missile strikes in Ukraine has driven risk-averse investors back into the arms of the US dollar, and that is sending EUR/USD ever lower.

from DailyFX - Market News https://ift.tt/t4p9zGq
via IFTTT

Gold Outlook: XAU/USD Facing Strong Fundamental Headwinds, YTD Lows in Sight Once More

The precious metal has come under renewed pressure as it trades back below the key $1700 level. Will we see a new YTD low?

from DailyFX - Market News https://ift.tt/Y8H5lIZ
via IFTTT

British Pound Latest: GBP/USD Rallies as BoE Boosts Gilt Market Liquidity

The Bank of England (BoE) ramped up its gilt market liquidity program today giving a tepid Sterling an early morning boost.

from DailyFX - Market News https://ift.tt/oG1FvuU
via IFTTT

Japanese Yen Nears Record Low as US Dollar Soars on Higher Treasury Yields

The Japanese Yen drifted lower again today after the US Dollar re-asserts its ascendency on strong economic data and a hawkish Federal Reserve. New highs for USD/JPY?

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

Gold Price Slips on Higher Treasury Yields Boosting the US Dollar Ahead of US CPI

Gold has braced itself in Asia today after sliding on Friday with solid US jobs data handing the Fed more ammunition to keep rates higher for longer. Where to for XAU/USD?

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

AUD/USD Eyes Consumer Confidence Data Ahead of US CPI

The risk-sensitive Australian Dollar fell last week amid a broader risk-off move, with sentiment deteriorating on Friday after a largely in-line US jobs report crossed the wire. Westpac consumer confidence is ahead.

from DailyFX - Market News https://ift.tt/1RCBQN2
via IFTTT

Markets Week Ahead: Nasdaq 100, S&P 500, Gold Prices, US Dollar, US CPI, Earnings Season

The Nasdaq 100 and S&P 500 trimmed most gains last week after another solid US jobs report. The US Dollar and gold prices now face the next American inflation report. Will another strong CPI print plunge financial markets? The earnings season kicks off with banks reporting.

from DailyFX - Market News https://ift.tt/InuT6pX
via IFTTT

S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff

US equity indexes sold off on Friday after the US jobs report solidified the chances for a 75-basis point FOMC rate hike. The market’s direction in the week ahead hinges on the US consumer price index (CPI).

from DailyFX - Market News https://ift.tt/0LMtJwl
via IFTTT

Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD

The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.

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

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum continue to hold above YTD lows as the picture becomes more bleak for risk assets.

from DailyFX - Market News https://ift.tt/ZJQ78GH
via IFTTT

Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings

The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope. Ahead, the focus will turn back onto ‘traditional’ fundamental themes that are darkening significantly: growth forecasts and financial stability. And there are events ahead that will charge both worries.

from DailyFX - Market News https://ift.tt/aqd9ogw
via IFTTT

$100 Million Stolen From Binance in Hack, Bitcoin Brushes Off the News

Hacks and exploits in the crypto arena have been occurring with troubling frequency. Yesterday, another large theft occurred at the world’s largest cryptocurrency exchange; and yet the stalwart coins hardly blinked.

from DailyFX - Market News https://ift.tt/xrl6CzV
via IFTTT

Australian Dollar Outlook: Dovish RBA Sinks Currency

The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.

from DailyFX - Market News https://ift.tt/rxk7e5i
via IFTTT

Gold Prices Nervously Await Non-Farm Payrolls Data and the Impact on the Fed

Gold’s rally noticeably slowed heading into the US non-farm payrolls report. A lot is hinging on the jobs report, namely its impact on the Federal Reserve. Expect heightened volatility risk.

from DailyFX - Market News https://ift.tt/1C3hmeU
via IFTTT

NFPs Can be the Dollar and Stock Spark But Financial Instability is the Fire

We are moving into ‘nonfarm payrolls Friday’ and the potential for volatility is significant after a broad mix of preceding employment statistics. While the employment report can certainly spur the markets like the S&P 500 and Dollar to action, traders should keep tabs on growing warnings from the IMF and Fed officials.

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

AUD/USD Rate Eyes September Low with US NFP Report on Tap

AUD/USD may fail to defend the September low (0.6363) as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

from DailyFX - Market News https://ift.tt/ft0iaFd
via IFTTT

USD/JPY Above 145 to Test MOF, BoJ’s Mettle After Yield Surge Charges the US Dollar

USD/JPY is above the 145—“line in the sand”—level, which puts Japan’s Ministry of Finance and Bank of Japan up against short traders. Asia-Pacific markets look set to close the week lower after overnight USD strength.

from DailyFX - Market News https://ift.tt/z86gKqd
via IFTTT

Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA

The price of oil may mirror the price action from August if crude struggles to hold above the 50-Day SMA ($88.08).

from DailyFX - Market News https://ift.tt/H9NhYDf
via IFTTT

S&P 500, Dow and Nasdaq Under Pressure, USD Stands Tall as Sentiment Sours

Major U.S. stock indices end in negative territory as investors focus on gloomy economic outlook amid high inflation and worries about further rate hikes

from DailyFX - Market News https://ift.tt/tu96Q41
via IFTTT

Gold Price Outlook: Fed Speakers and NFP Report Eyed as XAU Takes Cues from Equity Market

Gold prices are modestly higher in Asia-Pacific trading after an overnight drop that halted a multi-day rally. Prices are trading at key technical levels ahead of Fed speakers and the US jobs report.

from DailyFX - Market News https://ift.tt/ZCpew4u
via IFTTT