British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness

The UK is likely to avoid a technical recession this year, according to the NIESR, but with growth expected close to zero, it may be a close-run thing.

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WTI Oil Hits Fresh Weekly High, Retracement Before Continuation?

WTI Oil has posted 3 successive days of gains following a double bottom pattern and renewed optimism around China’s growth prospects.

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AUD Price Forecast: RBA Shielding Aussie Dollar Against Hawkish Fed

The Australian dollar awaits key economic data for some short-term directional partiality. AUD/USD will break a key level soon.

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US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?

The US Dollar reclaimed the ascendency overnight after the Federal Reserve got its message across loud and clear and the markets believed them this time. Where to for USD/JPY?

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S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?

The S&P has pulled back from last week’s 2023 peak as Federal Reserve tightening concerns continue to plague equity markets. If interest rates go higher for longer as promised, where does that leave Wall Street?

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S&P 500 Winds Up Without a Clear Catalyst, Dollar Needs a Stronger Shove

The markets have downshifted this week with the lighter economic docket giving greater weight to the technical barriers that are prevalent across the benchmarks. Will the S&P 500 and Dollar be able to earn a break and traction before next week’s US CPI stirs the speculative waters again?

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Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric

Spot gold’s rally has seen it take out the weekly high at $1885 with $1900 now in sight. Will Fed speakers spoil the party?

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USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ Head

Japan’s PM Kishida is to submit his candidate for Bank of Japan Governor to parliament next week. Will the new incumbent normalize current ultra-dovish policy?

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British Pound (GBP) Forecast: Cable Shaped by USD Factors

GBP/USD is at the mercy of the Fed and U.S. centric information as markets reprice their rate expectations higher weighing negatively on the pound.

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Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?

The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.

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Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?

The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.

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Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing

Did Powell cap interest rate expectations and in turn revive the Dow and other risk benchmarks? More likely, fed rate expectations fueled by last week’s strong data run has likely find a natural equilibrium; but that means risk trends and the Dollar need a new guiding fundamental light to render tentative breaks into viable trends.

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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.

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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.

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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?

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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?

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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?

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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.

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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.

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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...

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