US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is starting the week with a bounce and the FOMC is in the blackout period ahead of the next rate decision.

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

EUR/USD Price Forecast: Fewer Risk Events Favors EURUSD Rise

EURUSD continues to grind higher as hopes of US peak inflation adds to USD selloff. The current move higher sees little in the way of economic data to reverse course

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

Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

from DailyFX - Market News https://ift.tt/dGps5yL
via IFTTT

Crude Oil Forecast: EU Sets Russian Oil Price Cap at $60, OPEC+ Unchanged

Brent crude oil is trading marginally higher this Monday after the EU decided on a Russian oil price cap of $60 per barrel.

from DailyFX - Market News https://ift.tt/o6UfbiL
via IFTTT

Euro Hits a High Note Amid China Re-opening Hopes and OPEC+. Where to for EUR/USD?

The Euro has run higher after the US Dollar collapsed again today amid a strong jobs number, OPEC+ news and China potentially re-opening. Will this drive EUR/USD higher?

from DailyFX - Market News https://ift.tt/xl9gKdQ
via IFTTT

Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY Setups

The Japanese Yen has held firm against major counterparts as the safe-haven currency stabilizes around technical levels. USD/JPY, EUR/JPY, GBP/JPY price action.

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

Markets Week Ahead: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

The Dow Jones and S&P 500 have been benefiting from dovish Fed bets. Gold soared as the US Dollar sank. Ahead, crude oil prices face the OPEC+ meeting. AUD/USD awaits the RBA.

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

Canadian Dollar Forecast: USD/CAD Looks Poised for Further Upside, BoC Rate Decision Holds the Key

The Canadian dollar looks set to continue its recent struggles. Will the Bank of Canada spring another surprise at next week’s policy meeting?

from DailyFX - Market News https://ift.tt/9JvS0IF
via IFTTT

Euro Weekly Outlook: EUR/USD at the Dollar’s Mercy, 1.05 Still Key

The euro was unable to hold above 1.05 after NFP data bolstered the USD ahead of a relatively quiet week.

from DailyFX - Market News https://ift.tt/Xf6MiaF
via IFTTT

Weekly Fundamental US Dollar Forecast: Worst Month Since 2010, Was it Overdone?

The US Dollar saw its worst month since September 2010 as the markets aggressively priced in a dovish Federal Reserve down the road. A tight US jobs report hints that USD’s move might be overdone.

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

Australian Dollar Outlook: US Dollar Beat-up Boosts AUD/USD

The Australian Dollar stretched higher with the US Dollar copping a flogging following not hawkish enough comments from Fed Chief Powell. Will AUD/USD make a new peak?

from DailyFX - Market News https://ift.tt/izYe9KU
via IFTTT

Keeping Up Dow Rally and Dollar Tumble Momentum May Be Difficult Next Week

Capital markets attempted to retake control this past week on a Fed-driven charge, but the effort fell apart before hitting critical moment. The Dollar’s slide on the other hand is still on the verge of technical progression. Yet, momentum will compete with distraction around the following week’s Fed and ECB rate decisions.

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

S&P 500, DAX 40 and ASX 200 Fundamental Forecast for the Week Ahead

Global indices made a bid to charge the holiday rally early this year with a US-led break higher this past week. Yet, follow through is starting flag even as we move into December trade. With expected activity levels sinking but anticipation for key event risk rising, volatility is a high risk and trends are in jeopardy.

from DailyFX - Market News https://ift.tt/ZsQq9Rh
via IFTTT

NFP Posts Yet Another Beat as US Job Market Proves Resilient, USD Rises

Early effects of tighter policy were revealed in the lower October CPI print are not at odds of a stubbornly resilient job market and signs of increasing wage growth inflation

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

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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

USD/JPY Slumps Further Ahead of a Key US Jobs Report

The US dollar’s spectacular fall from grace continues with the greenback shedding 12% against the Japanese Yen in just over five weeks.

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

Crude Oil Update: Brent Eyes OPEC+ and Russian Oil Price Cap

Brent crude oil looks ahead to NFP data later today but remains focused on OPEC+ and the EU cap on Russian seaborne oil.

from DailyFX - Market News https://ift.tt/eEu3t82
via IFTTT

USD/JPY Update: BoJ and Fed Chair Powell’s Comments Form Perfect Cocktail for Yen Gains

USD/JPY picked up steam yesterday as the dollar index recorded its worst month of losses in 12 years. Further downside ahead or time for a retracement?

from DailyFX - Market News https://ift.tt/uF9dvNY
via IFTTT

Euro (EUR) Latest: EUR/USD Set For Further Gains After Fed Powell’s Dovish Nudge

Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to be held higher for longer.

from DailyFX - Market News https://ift.tt/7K9Plzi
via IFTTT

AUD/USD Forecast: Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

The Australian dollar pushed higher on the back of a weaker USD and an improving Chinese COVID situation leaving AUD/USD above 0.68.

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