US Dollar (DXY) Remains Under Pressure Ahead of Important US Data

The US dollar trades just above a multi-month support level and with important US retail sales and PPI on deck, this zone may come under pressure.

from DailyFX - Market News https://ift.tt/NzE1i9d
via IFTTT

Gold Update: XAU/USD Eyes U.S. Economic Data for Guidance

Gold received support today from a weaker US dollar as markets keenly await U.S. PPI and retail sales figures for December. XAU/USD holding above $1900 for now.

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

EU Announces Support for Green Investment at Davos, EUR/USD Higher

EU delegates announced a response to the US Inflation Reduction Act to keep firms from heading abroad. Quieter calendar points to EUR/USD trend continuation

from DailyFX - Market News https://ift.tt/s5OreKy
via IFTTT

Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook

Oil rallies into an old level of resistance and looks set to press higher after this week’s positive Chinese growth data fuels sentiment.

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

Breaking News: Pound Bid After Core Inflation Beat, 50bps Secured?

GBP/USD reacted favorably to elevated UK inflation, placing the Bank of England in an interesting position ahead of next months interest rate decision.

from DailyFX - Market News https://ift.tt/L1i7etG
via IFTTT

German Dax Rally Remains Intact Despite Slowing Momentum

The German Dax 40 index has followed major stock indices higher, finding support above prior resistance the key psychological level of 15,000. Can bulls retest 15,400?

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

Gold Prices Slip But Bulls Still In Control, Eyeing $2000

Gold is probably due a little consolidation after a breakneck run higher since the end of 2022 as inflation worries have eased

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

FTSE Pauses Ahead of All-Time High as Solid Jobs Data Buoys Sterling

The FTSE index outperformed most major indices last year and continues that momentum in early 2023. However, early signs of slowing momentum have appeared

from DailyFX - Market News https://ift.tt/Rc90mo6
via IFTTT

How to use the PPI in Forex Trading

Inflation rate can determine the value of a country’s currency. Learn how the PPI impacts forex.

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

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