Australian Dollar Outlook: US Dollar Roars Back to Life

The Australian Dollar got dusted after the US Dollar regained its ascendency amid central bankers re-iterating their hawkish stance after a series of hikes. Will AUD/USD go lower?

from DailyFX - Market News https://ift.tt/oxNfa8r
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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

Euro (EUR/USD) Latest – ECB’s Hawkish Shift Boosts the Euro

The European Central Bank sent a strong hawkish signal to markets yesterday, propelling the single currency higher across the board.

from DailyFX - Market News https://ift.tt/bU6j4WS
via IFTTT

Crude Oil Caught in ECB Maelstrom After Rate Hikes and Hawkishness Prevails

Crude oil is slightly softer today after US Dollar ascendency got back on track and the ECB got their message across loud and clear. Will WTI crude oil head higher again?

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

Gold and Dow Jones Sink After ECB Spooked Markets, XAU/USD Reversal in Motion?

Gold prices sank the most in 3 months alongside the Dow Jones after a slew of rates hikes from central banks in Europe. Is more pain in store for XAU/USD after a wedge breakout?

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

SPX, Nasdaq Slide; USD, EUR/USD Tendencies of Turn After CB Onslaught

Markets remained on the move today through ECB and BoE rate decisions. A massive options expiry is on the calendar for tomorrow, which can keep equities on the move into the end of the week.

from DailyFX - Market News https://ift.tt/72WEHhO
via IFTTT

New Zealand Dollar Tops Yield Forecasts and Is Also Top Heavy…

There has been a lot of monetary policy activity the past 24 hours with serious scrutiny paid to the relative hawkishness/dovishness of the major central banks and their respective currencies as well as the implications for general risk trends. However, a remarkable trend that has stood out amid a lot of congestion comes from the New Zealand Dollar.

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

Australian Dollar Reversal Warnings Grow as AUD/USD Falls on Disappointing Chinese Data

The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing.

from DailyFX - Market News https://ift.tt/imAx2aw
via IFTTT

Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook

The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.

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

EURUSD Outlook Has Technical Pressure and the ECB Rate Decision

The FOMC decision has passed with a more hawkish message than the markets were expecting…and yet the market maintains its skepticism. That has kept the S&P 500 within its narrow range and leaves EURUSD’s technical congestion undetonated. Will the ECB decide the next move for the pair?

from DailyFX - Market News https://ift.tt/G2bfFPt
via IFTTT

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

The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the calendar for tomorrow.

from DailyFX - Market News https://ift.tt/pRJbg2P
via IFTTT

Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast

The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of 75bp through November, but that was expected. The real market impact is found in what the expectations are from the Fed heading into 2023.

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

EURO’s Bullish Cycle May be Coming to an End

EUR/USD has been on a fast track to fresh highs, but might it be nearing an important turning point?

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

US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?

The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for the DXY (USD) index?

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

Dow Jones, S&P 500, Nasdaq 100 Reverse CPI Rally as Traders Look Beyond the Fed Pivot

The Dow Jones, S&P 500 and Nasdaq 100 reversed a CPI-induced rally as traders seemingly looked beyond the Fed pivot and towards the next tightening cycle in the distant future.

from DailyFX - Market News https://ift.tt/2V36GvX
via IFTTT

EURUSD and VIX Exude Volatility But Not Conviction Heading into Fed Hike

The release of the US CPI update this past session proved as market-moving as could have been expected, but the volatility isn’t projecting trend. From a collapse in the VIX despite a massive intraday reversal from equities and EURUSD edging up to the next level of resistance, there are many different possible outcomes.

from DailyFX - Market News https://ift.tt/nfGEA7k
via IFTTT

Crude Oil Technical Analysis: Oil Bounces from Fibonacci Support

Oil has put in two days of gains to start this week, holding support above the 70 handle. But can bulls put in a larger reversal of trend?

from DailyFX - Market News https://ift.tt/yEpP0um
via IFTTT

Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC

Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.

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

S&P 500 Technical Analysis: SPX Slammed, Breakout Snaps Back

The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC.

from DailyFX - Market News https://ift.tt/mSrqNP7
via IFTTT

S&P 500 Technical Analysis: Falling Wedge into CPI, FOMC

CPI releases over the past two months have been massive bullish drivers for the S&P 500 – will tomorrow be the same?

from DailyFX - Market News https://ift.tt/sZjk6vB
via IFTTT