Gold Prices Remain Weak, US Treasury Yields Test Multi-Week Highs

US Treasury yields have re-priced sharply higher after last Friday’s NFP report and this has left gold vulnerable to further losses in the short term.

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

Brent Crude Oil Taking Advantage of Weaker USD, IEA Outlook & Supply Interruptions

Brent crude oil opens the European session on the front foot but markets are wary in anticipation of Fed Chair Jerome Powell’s speech later today.

from DailyFX - Market News https://ift.tt/ZTylVn1
via IFTTT

US Dollar Bumped by Hawkish Fed and the RBA Joins the Rate Hike Party. Higher USD?

The US Dollar gave up some ground today after reclaiming the ascendency with the Federal Reserve picking up the hawkish message ahead of Powell’s speech today. Where to for DXY (USD) Index?

from DailyFX - Market News https://ift.tt/Iu2Z7tN
via IFTTT

Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?

The Australian Dollar skipped north after the RBA raised the cash rate target by 25 basis points to 3.35% as the central bank tries to rein in eye watering inflation. Will AUD/USD go higher?

from DailyFX - Market News https://ift.tt/axuG0eo
via IFTTT

Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent

The strong trends of risk aversion and Dollar recovery at the end of last week have survived the weekend. EURUSD and USDJPY won significant technical progress as the market’s Fed rate forecast has jumped, but how far can this momentum carry? Meanwhile, will meme stock volatility unsettle the S&P 500 and core market?

from DailyFX - Market News https://ift.tt/R3dqY9j
via IFTTT

Dollar Advance and Uneven Risk Trends Amplify USDMXN, USDHKD, USDINR and USDTRY

There has been a notable swoon in risk-leaning assets that has also provided some predictable lift to the US Dollar. Combined, these forces have created some unique pressure on some of the more pressurized emerging market currencies. We look at the Dollar cross with the Mexican Peso, Hong Kong Dollar, Indian Rupee and Turkish Lira.

from DailyFX - Market News https://ift.tt/TdiEu5l
via IFTTT

Bank of Japan (BoJ) - Foreign Exchange Market Intervention

As interest rate differentials widen between Japan and other major economies, the Japanese Yen continues to weaken.

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

How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

from DailyFX - Market News https://ift.tt/7EWN8Oz
via IFTTT

EUR/USD Forecast: No Let Up for Euro Post-NFP, What Fed Pivot?

EUR/USD bears have capitalized on fading Fed pivot bets but have a lot to look forward to this week from both ECB and Fed officials.

from DailyFX - Market News https://ift.tt/vnI3asi
via IFTTT

US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?

The US Dollar jumped back in the driver’s seat after jobs data unveiled an economy that remains robust despite the Federal Reserve hiking rates. Will the DXY (USD) Index go higher?

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

Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower AUD/USD?

The Australian Dollar ran out of puff after making a seven-month high last week before the US Dollar regained traction and claimed the ascendency. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/4bVvRK6
via IFTTT

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Jerome Powell, RBA

The Nasdaq 100 and Dow Jones reversed lower after a blowout jobs report last week. The US Dollar rallied at the expense of gold. All eyes turn to Fedspeak, the RBA rate decision and Canadian employment figures.

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

Dow’s Skepticism Anchors Nasdaq Volatility, Dollar Charged by NFPs and Rate Forecasts

What matters more to the markets: that the US economy looks less at risk of a recession or that the Fed will be able to fulfill its rate hike forecast? The volatile reaction to this past week’s rate decisions, NFPs and US growth data leaves the markets evaluating what trends lie ahead.

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

Breaking News - US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%

The US jobs market enjoyed a red hot January with 517k new jobs added, with job growth widespread.

from DailyFX - Market News https://ift.tt/4BM1NO0
via IFTTT

Central Bank Recap: Crucial Takeaways from the FED, BoE and ECB

Find out what major developments took place in a week consisting of three major central bank meetings and what it means for markets going forward

from DailyFX - Market News https://ift.tt/eYrv9dF
via IFTTT

WTI Oil Update: Delicately Poised Ahead of NFP Release

WTI Oil has come in for a battering this week as fading optimism around China and a buildup in inventories weigh heavily on the commodity.

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

Gold Price Forecast: XAU/USD on the Precipice

Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling.

from DailyFX - Market News https://ift.tt/CoB78Wm
via IFTTT

Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?

Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?

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

USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move

Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower

from DailyFX - Market News https://ift.tt/mjByF1L
via IFTTT

US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling

The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low

from DailyFX - Market News https://ift.tt/FVIGp7c
via IFTTT