Dollar Tight Range to Be Tested by GDP and Fed’s Preferred Inflation Read

Risk trends continue to exhibit anxiety amid chop that fully undermining major technical levels. Meanwhile, the Dollar has been remarkably stoic with a 9-day range that rivals the year-end holiday trade. Will the forthcoming US GDP and PCE readings earn a breakout? What’s more, could a break turn to a trend with FOMC and NFPs on deck next week?

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USDJPY Outlook: A Break Decided Between Rate Forecasts and Risk Trends

There are competing forces on Dollar, which have prevented the benchmark currency from developing a clear trend. Those competing fundamental winds are even more severe when it comes to USDJPY, which has further developed the month’s long channel. What could push this cross to break?

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Bitcoin Price Forecast: BTC/USD Hesitant as Bullish Momentum Fades

Bitcoin prices have fallen back into a narrow range that has formed around the September high of $22,781. Will a break of this zone determine the next move for BTC?

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Euro Latest: EUR/USD Steady Near its Multi-Month High, German Ifo Report Cheers

Sentiment in the German economy ‘has brightened’ according to the latest Ifo report and this may give ECB a bit more ammunition as they continue to push for multiple rate hikes

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WTI Oil Prints Evening Star Pattern; Further Downside Ahead?

WTI has found resistance at the 100-day MA as Chinese Holidays, inventory buildup and economic concerns weigh on prices.

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Austrian Dollar Update: CPI Beat Reveals Worrying Trend for the RBA

The Australian dollar benefitted from higher-than-expected inflation data which turns the focus to the RBA early next month. Aus inflation data diverges from the US

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US Dollar Grasps for Support at Eight Month Lows

The US Dollar continues to hold very near eight-month-lows and Friday brings a key inflation print to markets with the release of Core PCE.

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USD Breaking News: Dollar Index (DXY) Pops on U.S. PMI Beat

The U.S. dollar found some bullish support post-PMI data which maintained its contractionary outcome but at a slower rate than previous prints.

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Silver Price Outlook: XAG/USD Relief Rally Buoyed by Dollar Weakness

Silver prices have recovered a large portion of yesterday’s losses after testing psychological support at $23.00. With USD weakness driving gains, economic data could boost gains.

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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.

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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

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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.

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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?

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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.

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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.

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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.

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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?

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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

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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.

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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?

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