USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook

The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical breakout.

from DailyFX - Market News https://ift.tt/DgeCF6Y
via IFTTT

USD/JPY Outlook Mired by Failure to Defend Monthly Opening Range

USD/JPY may face a further decline over the coming days as it fails to defend the opening range for November.

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

S&P 500 Rises for Third Straight Day ahead of Midterm Election Results, CPI Data Next

The S&P 500 rose for a third consecutive session amid positive sentiment on Wall Street, but the sell-off in the cryptocurrency space likely limited risk appetite

from DailyFX - Market News https://ift.tt/Qu0wKoC
via IFTTT

FX Week Ahead - Top 5 Events: China, Germany, US Inflation Rates; US Midterm Elections; UK GDP

The first week of November is all about central banks.

from DailyFX - Market News https://ift.tt/jJ1mu20
via IFTTT

Fedspeak for the Week Ahead

Fedspeakers are back out in force this week following last week’s policy meeting. Here’s what to watch.

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

EUR/USD Bounces of 50-SMA, Sustained Break Above Parity May Remain Elusive

The pair has returned to parity buoyed by continued dollar weakness. Have we already seen the YTD low?

from DailyFX - Market News https://ift.tt/i1Ald2h
via IFTTT

GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues

GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-lived

from DailyFX - Market News https://ift.tt/y86omPT
via IFTTT

Forex Trading: What is Forex? FX Trading Explained

Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.

from DailyFX - Market News https://ift.tt/5iw4SAO
via IFTTT

Gold Price Forecast: XAU/USD Pares Back, Focus on Fed Speakers Ahead of CPI

Spot gold looks forward to Wednesday’s inflation print while XAU/USD hovers around key resistance.

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

Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on news around China’s potential reopening.

from DailyFX - Market News https://ift.tt/Rx7F9Uh
via IFTTT

Euro Ran Higher on Chine Re-opening Rumours but Turns on Denial. Where to for EUR/USD?

The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD lower?

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

Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders.

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

Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US CPI report is on tap this week.

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

S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market

The U.S. inflation report will be the main catalyst for stocks next week. For the S&P and Nasdaq 100 to have a meaningful chance to move higher, the CPI data must show a significant slowdown.

from DailyFX - Market News https://ift.tt/QH0yTl9
via IFTTT

Canadian Dollar (CAD) Forecast: Hawkish BoC and Strong Jobs Data Should Keep the Loonie on the Front Foot

Canadian dollar looks set to enjoy a bullish week thanks to a host of confluences. Will the US inflation print scupper CAD gains against the Dollar?

from DailyFX - Market News https://ift.tt/eb1AU8h
via IFTTT

Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

The Japanese Yen is trading at or near notable technical levels against the US Dollar, Swiss Franc and Australian Dollar. Here are the charts to watch for USD/JPY, CHF/JPY and AUD/JPY.

from DailyFX - Market News https://ift.tt/h5TNPCz
via IFTTT

Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report

The Japanese Yen gained against the US Dollar last week. Still, it remains a tough road ahead for the currency. All eyes turn to the next US inflation report.

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

Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week

Teaser: EUR/USD begins the week on the front foot post-NFP but key inflation releases this week could turn the tide.

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

Gold Price Defends Yearly Low with US CPI on Tap

The update to the US Consumer Price Index (CPI) may prop up the price of gold as the report is anticipated to show easing price pressures.

from DailyFX - Market News https://ift.tt/JFX0cyE
via IFTTT

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum post strong sessions following NFPs. Higher prices ahead?

from DailyFX - Market News https://ift.tt/S8jlaMY
via IFTTT