British Pound (GBP) Latest – GBP/USD Steered by Renewed Dollar Strength

The US dollar is pushing higher ahead of next week’s FOMC meeting, leaving a range of major currencies, including Sterling, struggling in its wake.

from DailyFX - Market News https://ift.tt/9c2K5Lb
via IFTTT

The US Dollar Gripped the Ascendency as Risks of Recession Swirl. Will USD go Higher?

The US Dollar held on to overnight gains as markets recalibrate risks of an economic slowdown in the West against a re-opening of China. Will the DXY index (USD) rally?

from DailyFX - Market News https://ift.tt/BidjY8F
via IFTTT

Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?

The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous quarters. Will AUD/USD sink?

from DailyFX - Market News https://ift.tt/il1g4M6
via IFTTT

A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals

The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still be difficult to form from here. Yet, that doesn’t preclude volatility in ranges like the Dollar-majors or from event risk like a BOC hike.

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

S&P 500, Nasdaq, Dow: Key Support Zones Now in Play

The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.

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

USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision

The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.

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

Gold Price Sinks on ISM Services Surprise, XAU/USD Bearish Technical Warning Eyed

Gold prices sank on Monday as the US Dollar gained after an unexpectedly strong ISM Services print. XAU/USD left behind a bearish Evening Star, will that spell trouble ahead?

from DailyFX - Market News https://ift.tt/liG3SmW
via IFTTT

Japanese Yen Tumbles as US Dollar Soars, Australian Dollar Turns to the RBA Next

The Japanese Yen slumped, sending USD/JPY higher in a very rare move as the US Dollar gained and stocks dropped. Ahead, the Australian Dollar is eyeing a likely RBA rate hike.

from DailyFX - Market News https://ift.tt/Yl3FBbR
via IFTTT

Dollar and Risk Asset Reversals Throw Off Anticipation of Major Tend Developments

There was some exceptional volatility last week and the hints of tentative trend developments – most notably a breakdown of the Dollar and attempted rally for US indices. Yet, those moves have abated to start the new week with data and technical levels playing a bigger role in market conviction.

from DailyFX - Market News https://ift.tt/yqxwdj8
via IFTTT

S&P 500 Technical Analysis: Trendline Resistance, 4k Support Test

The S&P 500 found resistance last week at a key spot, but is this a mere speed bump for bulls on the way to a Santa rally? Or are bears gearing up for another downside push?

from DailyFX - Market News https://ift.tt/I0g25yS
via IFTTT

USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long

The Dollar has enjoyed a broad bounce to start the week and USDJPY is one key pair that is seeing the turn work around major technical levels. There is technical precedence from earlier this year that suggests such a large jump can revive bulls – but is the prevailing trend still bullish?

from DailyFX - Market News https://ift.tt/7dlQ1xw
via IFTTT

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