British Pound Latest – GBP/USD Pushes Higher on UK Jobs Data

UK wages are continuing to rise at a rapid rate but persistently high inflation means consumers continue to see their real wages fall.

from DailyFX - Market News https://ift.tt/4yLOwDR
via IFTTT

Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?

The Japanese Yen went lower again today as the market eyes the Bank of Japan meeting tomorrow where further tightening cannot be ruled out. Will a tilt see USD/JPY make new lows?

from DailyFX - Market News https://ift.tt/4rANSZ3
via IFTTT

Bitcoin Outlook: BTC/USD Bullish Breakout Drives Crypto Recovery

Bitcoin prices have continued to trade higher after a 26% rise in BTC/USD fueled a bullish breakout above $19,666, the December 2017 high now holds as support for the short-term move.

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

EURUSD Hits New 9-Month High But Bulls May Be Out of Puff

There wasn’t much data for traders to digest on Monday, but suspicions that Eurozone borrowing costs will rise sharply keep the Euro supported

from DailyFX - Market News https://ift.tt/AxVfmn8
via IFTTT

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

from DailyFX - Market News https://ift.tt/Xu75JQ4
via IFTTT

Crude Oil Forecast: Brent Tests Key $85 Handle Ahead of Data Heavy Week

Brent crude begins the week on the back foot while markets look forward to key crude oil data.

from DailyFX - Market News https://ift.tt/DqAg2ir
via IFTTT

Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?

The Australian Dollar continued to climb at the start of the week with hopes of China’s re-opening lifting base metals and sinking the US Dollar. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/THmABI6
via IFTTT

Japanese Yen Appreciation Intact After PPI Data Ahead of BoJ Meeting. Lower USD/JPY?

The Japanese Yen is holding onto last week’s gains after a red-hot PPI number presents a dilemma for the Bank of Japan and its monetary policy posture. Is USD/JPY heading south?

from DailyFX - Market News https://ift.tt/CHaENi3
via IFTTT

Markets Week Ahead: S&P 500, Nasdaq 100, US Dollar, Gold, Japanese Yen, BoJ

The S&P 500, Nasdaq 100 and gold gained as the US Dollar fell after CPI data last week. Ahead, the Japanese Yen will be eyeing the BoJ. AUD/USD turns to Chinese GDP data. What else?

from DailyFX - Market News https://ift.tt/4k5G6xF
via IFTTT

Japanese Yen Weekly Forecast: Optimism Around BoJ Shift Lifts JPY

The Japanese Yen enters the week on a positive note ahead of the highly anticipated BoJ rate decision that could bring about a change to a longstanding policy outlook.

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

S&P 500 Toes Technical Cliff, Dollar Has Lost Half of its Rate Era Climb, Event Risk Uneven

Both the benchmark for global equities and the world’s most liquid currency registered meaningful progress this past week while still standing firmly in a shadow of doubt around commitment. On the cusp of ‘risk on’ breaks, how will holiday liquidity and an eclectic mix of top event risk steer conviction?

from DailyFX - Market News https://ift.tt/Ec6L15A
via IFTTT

Michigan Consumer Sentiment Beats Across the Board, US Dollar Unmoved

The US dollar is little changed after the release of the latest Uni of Michigan Consumer Sentiment report showed consumer sentiment picking up sharply.

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

GBP/USD Gains On US Inflation, Surprise Sign of UK Growth

The Pound got some rare support from its domestic economy, but US Inflation is doing the heavy lifting here

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

U.S Banks BAC, WFC and JPM Launch Earnings Season

Q4 earnings commenced with Bank of America (BAC), JP Morgan (JPM) and Wells Fargo (WFC) all showing similar trends across financial metrics.

from DailyFX - Market News https://ift.tt/SIhkp61
via IFTTT

Gold Outlook: XAU/USD Soars but Overbought Signals Flash Red

Gold has enjoyed a prolonged bullish run with little indication of a deep pullback until now. The yellow metal faces the next zone of resistance above 1900

from DailyFX - Market News https://ift.tt/z8nKI0d
via IFTTT

S&P 500, Nasdaq 100 Latest – Focus Now Turns to US Earnings Season

US equity markets have enjoyed a positive week on benign economic data. Ahead, the latest look at US corporate earnings may add a dose of volatility to a range of indices.

from DailyFX - Market News https://ift.tt/AZmOlb8
via IFTTT

Dollar Breaks But S&P 500 Can’t Overcome 200-Day Average After CPI, Bank Earnings Ahead

US inflation continued its slide back towards earth, but the market struggled to muster a clear ‘risk appetite’ response. Whether the markets are starting to fully discount a steady CPI retreat or the report was just undermined by its ‘in-line’ print, we have another spark to push the S&P 500 ahead: bank earnings…

from DailyFX - Market News https://ift.tt/xqKgm1V
via IFTTT

Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?

Gold prices roared higher after an in-line US CPI report sank the US Dollar and Treasury yields. XAU/USD broke higher, restoring momentum. Where to from here?

from DailyFX - Market News https://ift.tt/aKCrLY7
via IFTTT

US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY

The US Dollar sold-off after an in-line CPI print, dropping down to a Fibonacci level and trendline for a support test.

from DailyFX - Market News https://ift.tt/F4vHBjb
via IFTTT

S&P 500 Post CPI Rally Muted by Technical Resistance

US CPI data for the month of December fell in-line with expectations in anticipation of bank earnings, providing an initial lift to S&P 500. Can SPX clear 4000 to move higher?

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