GBP Forecast: British Pound Consolidates In Thin Liquidity

GBP/USD is seeking a catalyst to breakout of the emerging rectangle pattern.

from DailyFX - Market News https://ift.tt/VMTo5Ll
via IFTTT

EUR/USD Outlook: Doji Candlestick Highlights Messy Price Action

EUR/USD moves higher in European trade following hawkish ECB comments. Without a catalyst a sustained break above 1.07 remains unlikely.

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

Inflation, China Covid Response and Ukraine Top 2023 Risk Charts

2022 offered an awful array of geopolitical and economic problems, none of which are going to get better just because the calendar flips.

from DailyFX - Market News https://ift.tt/xd20pqo
via IFTTT

Tesla Market Cap Plunges 72% Since 2021 Peak, Nasdaq 100 Sinks on Fed Woes

Tesla’s market capitalization plunged 72% since last year’s peak, which means it no longer towers over competition like it used to. Meanwhile, the Nasdaq 100 sank with Fed woes.

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

Risk On or Risk Off in 2023: Looking to the Nasdaq - Dow Ratio

While most traders are focusing in on a single asset or perhaps market heading into the new trading year, I believe it pays to have a perspective on the broader system. And, for that fundamental backdrop, I believe the Nasdaq-Dow ratio offers interesting insight.

from DailyFX - Market News https://ift.tt/aGEofn0
via IFTTT

Top 3 FX Themes for 2023: USD, JPY, Euro

It was a big year for FX markets as the US Dollar jumped for the first three quarters of 2022 only to snap back with aggression in Q4. What’s in store for 2023?

from DailyFX - Market News https://ift.tt/ZIKp0tW
via IFTTT

EURUSD Left in a Technical Lurch as Markets In Full Holiday Liquidity

This past week ended with the Fed’s favorite inflation indicator addressing one of the top macroeconomic themes. The S&P 500 generated volatility but held to range, the VIX naturally deflated and most Dollar crosses disarmed key technical patterns. The exception remains EURUSD. Will pressure force this pair in the final week of 2022?

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

What to Expect from the S&P 500 In the Final Week of 2022?

There is only one week left in the trading year, and it will be contorted by holiday conditions. What should we expect from the S&P 500 (as a benchmark for ‘risk trends’) to close out 2023?

from DailyFX - Market News https://ift.tt/fyaZ9Wm
via IFTTT

USD/ZAR Outlook: ZAR Gains Continue as ANC NEC Announcement Keeps Markets Optimistic

ZAR on course for 5 consecutive days of gains against the greenback. Will we enter the New Year below the R17.00/$ mark?

from DailyFX - Market News https://ift.tt/3p7VA5U
via IFTTT

WTI Oil Eyeing Further Gains Following Yesterday’s Pause

WTI printed a 3-week high yesterday before being weighed down by changing sentiment and a stronger US dollar. Further gains or consolidation ahead for WTI Crude?

from DailyFX - Market News https://ift.tt/y4HOF3I
via IFTTT

Taking Your Trading International: Risks and Rewards

Resurgent inflation and a rethink of globalization will bring both challenges and opportunities for traders looking across borders for opportunities.

from DailyFX - Market News https://ift.tt/HR5rK0u
via IFTTT

Japanese Yen Slips on CPI Data but Bigger Storms Might be Brewing. Where to for USD/JPY?

The Japanese Yen is once again coming under scrutiny today after inflation data reveals the rationale for the Bank of Japan tilting toward a more hawkish stance earlier this week.

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

Gold Price, Dow Jones, US Dollar in Focus after Supportive US GDP Revisions

Gold prices and the Dow Jones sank as the US Dollar rallied. Supportive US GDP revisions bolstered hawkish Fed policy bets. Markets are vulnerable to thin trading conditions.

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

Will EURUSD Earn a Break with NZDUSD Sliding and S&P 500 Swinging?

We have seen some remarkable volatility from the markets heading into a known liquidity drain with the holiday weekend dead ahead. The volatility and breaks that we have seen from the likes of the S&P 500 and NZDUSD will likely struggle for follow through, but can EURUSD at least join in on the aimless tumult?

from DailyFX - Market News https://ift.tt/CPs3hno
via IFTTT

Stocks Slide into Support, PCE, Consumer Sentiment on Deck

A strong final reading of Q3 GDP gave bears some room to work today, but the S&P and the Dow put in strong bounces from key supports.

from DailyFX - Market News https://ift.tt/eCLZwI3
via IFTTT

GBP/USD Edges Higher Despite UK GDP Shrinking More than Expected in Q3

UK GDP Shrank more than expected in Q3 as recession fears received further validation. GBP/USD flirts with the 200-day MA, Break or Bounce…?

from DailyFX - Market News https://ift.tt/6i4CNnm
via IFTTT

US Dollar Slides As Markets Take Stock Ahead of Holidays. Where to for USD?

The US Dollar is weaker today as markets appear to be putting the cue back in the rack ahead of the holidays next week. Will thin trading conditions undermine the DXY (USD) Index?

from DailyFX - Market News https://ift.tt/IowD2Vu
via IFTTT

Japanese Yen Recoils Amid Recalibration After BoJ Shock. Will USD/JPY Go Lower?

The Japanese Yen appears perplexed against the US Dollar as markets try to decipher the implications of the Bank of Japan’s shift in yield curve control. Where to for USD/JPY?

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

Australian Dollar, S&P 500 Gain as Nike Earnings, Consumer Confidence Boost Markets

The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.

from DailyFX - Market News https://ift.tt/EjXD4vW
via IFTTT

VIX Collapse Lifts the Equities, EURUSD Extreme Range with Limited Time

We are feeling the effects of holiday liquidity expectations. While enthusiasts may consider the S&P 500’s rebound this past session a mark of conviction, it likely has more to do with the receding tide from the VIX. Meanwhile, there are extreme market measures like EURUSD’s range that are prone to volatility, but can they be tripped?

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