Gold (XAU/USD) Forecast: Recent Gains May Come Under Pressure as US Data Takes Center Stage

Gold has struggled to find acceptance above the 200-day MA and $1800 key level. Next week’s data releases are likely to define the medium-term direction for the precious metal.

from DailyFX - Market News https://ift.tt/1ryx2Go
via IFTTT

Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend?

The week ahead is jam-packed with high profile US event risk – anchored by the top listing of a FOMC rate decision. The Dollar is significantly off its multi-decade highs after two months of choppy retreat, but is there enough oomph in what’s ahead to produce an outright bear trend…or perhaps spur recovery?

from DailyFX - Market News https://ift.tt/Nrom2Q3
via IFTTT

GBP Weekly Outlook: Resilient Pound Prepares for Data Heavy Week

GBP/USD trades on the precipice of a key technical pattern that could be prompted by next week’s Fed and Bank of England (BoE) rate decisions.

from DailyFX - Market News https://ift.tt/0S4XQVq
via IFTTT

US Dollar (DXY) Outlook – One Last US Data Drop Before CPI and FOMC Next Week

With traders already looking ahead to next week’s all-important CPI number and FOMC decision, today’s PPI and Michigan Confidence releases should not be disregarded.

from DailyFX - Market News https://ift.tt/U7mbTWe
via IFTTT

A Guide to Trading Psychology

The psychology of trading is often overlooked but is a key part of a professional trader’s skillset.

from DailyFX - Market News https://ift.tt/C8pjEyR
via IFTTT

Crude Oil Forecast: Brent Overcome by Recessionary Pressures Despite Several Fundamental Tailwinds

Brent crude oil looks to further clarity around supply and demand factors while the USD looks to push higher ahead of FOMC next week.

from DailyFX - Market News https://ift.tt/xlNXZd4
via IFTTT

EUR/USD at Key Inflection Point Ahead of US PPI Data

EUR/USD looks to break the 1.0600 level for the second time this week. A break higher does not seem sustainable given what lies ahead next week.

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

What’s the Probability of an End of Week S&P 500 or GBPUSD Break?

We are coming to the end of the week and a bookend of notable event risk stands between us and the weekend. With the S&P 500 and Dollar based majors carving out historically narrow ranges, there is some potential for breakouts. However, look closely at the statistical ranges and think hard on the weight of the FOMC.

from DailyFX - Market News https://ift.tt/ZHRm4ih
via IFTTT

Gold Prices and US Dollar Turn to PPI and Sentiment Data Before the Weekend

Gold prices marked time as the US Dollar and Treasury yields diverged on Thursday. Ahead, XAU/USD and DXY face US PPI and consumer sentiment data before the weekend.

from DailyFX - Market News https://ift.tt/hjp3xgD
via IFTTT

AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk

AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.

from DailyFX - Market News https://ift.tt/9DYuk46
via IFTTT

Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?

The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?

from DailyFX - Market News https://ift.tt/3C6xlQI
via IFTTT

Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?

The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?

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

Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus

Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.

from DailyFX - Market News https://ift.tt/v6rI5KF
via IFTTT

S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow

The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 and USDJPY.

from DailyFX - Market News https://ift.tt/AYqmef0
via IFTTT

Bitcoin Falling Wedge, Ethereum Triangle: Continued Consolidation

Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks.

from DailyFX - Market News https://ift.tt/DL6lwps
via IFTTT

WTI Crude Oil Slumps to Fresh Yearly Low amid Recessionary Fears

WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses.

from DailyFX - Market News https://ift.tt/o6YNMP5
via IFTTT

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