Monday, 21 November 2022

Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

Gold prices have continued to fall leaving XAU/USD trading below 1750, while markets look ahead to Wednesdays FOMC minutes.

from DailyFX - Market News https://ift.tt/K6yVPhd
via IFTTT

Sunday, 20 November 2022

US Dollar Finds Firmer Footing as Treasury Yields Lift and China Locks Down

The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?

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

Crude Oil Prices Crushed on Market Imbalances, WTI at Risk as Asia-Pacific Markets Open

Crude oil prices were crushed on Friday as the futures market entered contango. Wall Street risk aversion may set a sour tone for Asia-Pacific markets to start the week.

from DailyFX - Market News https://ift.tt/tET46li
via IFTTT

Markets Week Ahead: Nasdaq 100, S&P 500, Gold, US Dollar, NZD/USD, RBNZ, Thanksgiving

The Nasdaq 100 and S&P 500 fell last week amid hawkish Fedspeak, boosting the US Dollar at the cost of gold and crude oil prices. Ahead, all eyes are on the FOMC minutes and the RBNZ for the NZD/USD amid a holiday-shortened week due to Thanksgiving in the US.

from DailyFX - Market News https://ift.tt/Jbm9uPe
via IFTTT

Dow Jones, Nasdaq 100, S&P 500 Forecast: Thanksgiving Means Illiquidity, But Volatility?

The Dow Jones, Nasdaq 100 and S&P 500 took steps back last week as Fedspeak and retail sales underscored a hawkish central bank. Thanksgiving brings illiquidity, but what about volatility?

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

Saturday, 19 November 2022

Euro Price Forecast: ECB Ponders QT vs Rate Hikes, EUR/USD Unmoved

Bleak week ahead for the euro as EUR/USD seeks fundamental catalyst, while ECB tug of war continues between doves and hawks.

from DailyFX - Market News https://ift.tt/2tY6Wof
via IFTTT

Friday, 18 November 2022

Australian Dollar Outlook: Caught in the US Dollar Vortex

The Australian Dollar was rag-dolled by US Dollar gyrations last week as data and geopolitics had markets running from pillar to post, second-guessing where the Fed is headed.

from DailyFX - Market News https://ift.tt/XPwuG8S
via IFTTT

Expect S&P 500 and Dollar Volatility to Be Charged by Uneven Liquidity Next Week

The post-CPI swell in volatility seems to have settled and there is a known liquidity drain in the week ahead. While that may go a long way to capping any serious attempts at forging a Dollar or ‘risk’ asset trend, it doesn’t preclude volatility. In fact, it could amplify it.

from DailyFX - Market News https://ift.tt/2r68vuP
via IFTTT

USD Forecast: Fed Speakers Stoking Volatility While DXY Consolidates

The U.S. dollar now looks to fundamental catalysts for short-term directional bias while technical analysis points to a fading bearish move on DXY.

from DailyFX - Market News https://ift.tt/5Znmrf7
via IFTTT

GBP/USD Latest: Sterling Resolute After Fiscal Statement, UK Retail Sales

Cable weathered a volatile session after yesterday’s UK fiscal statement and trades marginally higher after the UK retail figures. Bullish continuation test at 1.2000

from DailyFX - Market News https://ift.tt/ytCS3bT
via IFTTT

Thursday, 17 November 2022

Australian Dollar Filleted by Fed Speak as US Dollar Resumes Ascendency

The Australian Dollar came under pressure today after the US Dollar got a boost from Fed speakers reminding markets of their intentions for rates. Will a strong USD send AUD lower?

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

Gold and Crude Oil Prices Sink as US Dollar Rallies, WTI Triangle Breakout in Focus

Gold and crude oil prices fell on Thursday as UK fiscal tightening and US initial jobless claims data soured markets, boosting the US Dollar. What are key levels to watch ahead?

from DailyFX - Market News https://ift.tt/7YRMUna
via IFTTT

USDJPY May Be Building Up to a Break and Fed Warnings May Decide the Direction

Congestion remains the most prevalent chart pattern, but there are still the foundations of volatility flare ups in the open market. The S&P 500 showed how a fundamental spark on a tight trading range can resolve. USDJPY may be in store for similar if market’s take Fed remarks seriously.

from DailyFX - Market News https://ift.tt/jF3tTRr
via IFTTT

S&P 500 Holds Support, Builds Wedge Ahead of OpEx

The S&P 500 continues to operate within prior structure and tomorrow brings monthly options expiration which can spell more volatility.

from DailyFX - Market News https://ift.tt/tGZXb5R
via IFTTT

Gold Remains Vulnerable Below $1800 Key Level and 200-Day MA

Spot gold’s recent rally appears to have run out of steam as markets shift between risk-on and risk-off sentiment. A test of $1800 remains a possibility.

from DailyFX - Market News https://ift.tt/Ab8KBUI
via IFTTT

Crude Oil Forecast: Letup in Geopolitics Weighs on Brent

Brent crude unmoved today but rising wedge breakout potential looms, exposing further downside.

from DailyFX - Market News https://ift.tt/6o1MVTX
via IFTTT

Wednesday, 16 November 2022

Euro Pauses as US Dollar Underpinned by Fed on Sturdy Data Ahead of EU CPI

The Euro made a 4-month high earlier in the week against the US Dollar on a soft US PPI, but overnight data and Fed rhetoric has seen a pause in the meteoric rise. Will EUR/USD go higher?

from DailyFX - Market News https://ift.tt/XSvxcF6
via IFTTT

Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

The Nasdaq 100 slipped overnight after solid retail sales data that saw long-end Treasury yields move lower again to invert the curve. What is that saying about NDX?

from DailyFX - Market News https://ift.tt/Y2XBygC
via IFTTT

Australian Dollar Looks Past Jobs Report as Doji Emerges, Will AUD/USD Reverse?

AUD/USD looked past a solid October Australian jobs report. Sentiment remains a key driver for the Australian Dollar after a Doji candlestick showed signs of indecision.

from DailyFX - Market News https://ift.tt/y9FhMjw
via IFTTT

S&P 500 Retreats to Key Support Following Retail Sales Data

Retail sales data and weak guidance from Target takes the S&P 500 back below 4000.

from DailyFX - Market News https://ift.tt/R2IM0U6
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...