Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?

The precious metal is testing a new multi-month high and with little in the way of resistance on the charts, gold may soon challenge $2,000/oz.

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

UK PMIs Add to Disappointing Data Ahead of BoE Meeting, GBP Lower

UK services PMI data saw the fastest drop in business activity in the last 24 months while manufacturing beat estimates. The report compounds recent negative data prints

from DailyFX - Market News https://ift.tt/eh39vco
via IFTTT

Euro Breaking News: EURUSD Bid as PMI Data Continues Upward Trajectory

Euro Area PMI continues to improve adding further credence that the Eurozone may escape a recession.

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

Nasdaq, S&P 500 Breakout with Earnings in Focus

Both the Nasdaq and S&P 500 have broken out to fresh highs and earnings are very much in focus this week. But is this more driven by short cover ahead of earnings announcements or is this legitimate accumulation on the back of more dovish expectations around the Fed?

from DailyFX - Market News https://ift.tt/XYxdTh2
via IFTTT

DAX, FTSE Prices Muted in Narrow Range of Technical Support and Resistance

European equities continue to trade in a narrow range of support and resistance as bulls and bears struggle to break technical support and resistance.

from DailyFX - Market News https://ift.tt/qu0xVdT
via IFTTT

WTI Oil Advances to the 100-Day MA; Breakout or Retracement Imminent?

WTI looks on course for its third straight day of gains. Price action and a softer dollar hints at further upside ahead.

from DailyFX - Market News https://ift.tt/vEiy13q
via IFTTT

Gamma Squeeze Explained: Basic Options Theory and How it Works

Demystify the concept of the gamma squeeze by uncovering its foundations, causes and examples in this practical article.

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

British Pound (GBP/USD) Latest: Fresh Multi-Month High in Sight

Cable is pushing higher again in early European turnover, boosted by a weaker US dollar. Can the British Pound help push the pair even higher?

from DailyFX - Market News https://ift.tt/mH2dEGX
via IFTTT

Quantitative Tightening: What is it and How Does it Work?

Quantitative tightening is a policy tool used by central banks to moderate an overheating economy. Find out how it is implemented and uncover its potential drawbacks

from DailyFX - Market News https://ift.tt/v8JMUwy
via IFTTT

AUD/USD Forecast: Higher Australian Inflation Expectations Keep Aussie Bid

AUD/USD market participants exhibit hesitancy ahead of some key AUD and USD economic data.

from DailyFX - Market News https://ift.tt/iFnV4ep
via IFTTT

US Dollar Slips as Markets Weigh Fed Perspectives in Thin Trade. Lower USD?

The US Dollar has given ground on Monday after the Federal Reserve hinted toward a less hawkish stance at their meeting next week. Where to for the DXY (USD) index?

from DailyFX - Market News https://ift.tt/oGSux5c
via IFTTT

Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD

The Dow Jones fell as the Nasdaq 100 rose in a tech-fueled rally last week. Ahead, the Canadian Dollar is eyeing the BoC, with AUD/USD and NZD/USD facing inflation data.

from DailyFX - Market News https://ift.tt/8CPX9Vv
via IFTTT

Euro Weekly Outlook: ECB vs Fed Continues Next Week, EUR/USD Seeks Breakout

EUR/USD has been on a one-way street but may be in for a change in fortunes with key U.S. data and ECB speakers programmed throughout the week.

from DailyFX - Market News https://ift.tt/Azuyik1
via IFTTT

What Leads Dollar and S&P 500 to Stop Flirting With Volatility and Break Congestion?

A week of potential that never come to fruition has come to a close. Risk assets led by the S&P 500 broke off from the immediate pressure of a full bullish reversal while the prevailing winds of a Dollar breakdown died down on the other side of key technical progress. With more serious event risk ahead, can volatility turn into trend?

from DailyFX - Market News https://ift.tt/ldp8U7f
via IFTTT

Bitcoin (BTC) Flirts with $21000 While ETH/USD Dips Below $1600.

Bitcoin and Ethereum have snapped back after two-weeks of gains pushing BTC and ETH to key psychological levels of support and resistance.

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

Crude Oil Holds Gains On Hopes For China Demand Rebound

Crude Oil prices have shrugged off news of a large US stock build as the market remains China focused

from DailyFX - Market News https://ift.tt/1ZqxR5r
via IFTTT

Euro (EUR/USD) Latest – The Bullish Trend Remains in Place as the ECB Talks Tough

ECB President Christine Lagarde recently said that the financial markets are underpricing future interest rate hikes, but are the markets listening?

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

XAU/USD Forecast: Gold Elevated as Markets Continue to Dismiss Fed Guidance

Gold prices could be in for a pullback should markets underestimate the Fed after what has been a positive year thus far for XAU/USD.

from DailyFX - Market News https://ift.tt/Gn5Kqvi
via IFTTT

GBP/USD Forecast: Dismal December Retail Sales Leads Cable Lower

Cable has enjoyed a decent run to the upside, fueled by dollar weakness. December strikes take a toll on retail sales data, leading GBP/USD lower in early London trading

from DailyFX - Market News https://ift.tt/gGl3joU
via IFTTT

Netflix Earnings Mixed, Don’t Offer Nasdaq 100 and Tech a Clear Path to Recovery

Netflix was the first of the FAANG members and non-blue chip tech companies to report its earnings afterhours Thursday. The streaming media company reported a significant miss on earnings per share (EPS) but the increase in paid membership seemed to soften the blow.

from DailyFX - Market News https://ift.tt/PxYsA9u
via IFTTT