Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI and ZEW Data

EUR/USD slipped despite better than expected PMI and economic sentiment data on the back of souring political instability.

from DailyFX - Market News https://ift.tt/G9gXdLI
via IFTTT

GBP/USD Rallies as UK PMI Points to a Solid Recovery

The UK Private sector returned to growth in February following a sharp rebound in the service sector in particular.

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

US Dollar (DXY) Grabs a Small Bid Ahead of Important US Data

The US dollar is back up and running after a long weekend and is edging higher, aided by a firm US Treasury complex. US PMIs out this afternoon will give the greenback short-term direction.

from DailyFX - Market News https://ift.tt/2vozIfH
via IFTTT

Swedish Krona Holds the High Ground as US Return from Holidays. Lower EUR/SEK?

The Swedish Krona has paused after massive gains from a more hawkish Riksbank tackling swelling inflation. The US will return from a long weekend today, will USD trend resume?

from DailyFX - Market News https://ift.tt/kerJ4q8
via IFTTT

Australian Dollar Steadies as Trends Get Tested. Where to for AUD/USD?

The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact for AUD/USD?

from DailyFX - Market News https://ift.tt/abBX4m1
via IFTTT

Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light

EUR/USD has risen to another zone of technical resistance, driving Euro Dollar into another tight range. As volatility remains light, fundamentals could drive the next move.

from DailyFX - Market News https://ift.tt/wkKTRi3
via IFTTT

Gold Prices (XAU/USD) Nudge Higher But Bigger Tests Lie Ahead

The precious metal has regained the $1840 level but with the US closed and with heavyweight data and event risk looming this week, volatility is likely in the coming days

from DailyFX - Market News https://ift.tt/Vw8vgzr
via IFTTT

USD/JPY Update: Signs of Exhaustion, Acceptance Above 134.50 Needed for Bullish Rally to Continue.

USD/JPY has stalled following last week’s 300-pip rally. Retracement is looking more likely before further upside.

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

GBP Price Forecast: Pound Flat Against Peers, Dovish Pressure on BoE Mounting

EUR/GBP & GBP/USD price action shows minimal changes to last week’s close as markets prepare for a slew of UK, US and eurozone fundamental data throughout the week.

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

US Dollar Holds Gains as Markets Weigh Fed Moves. Will Yields Boost USD?

The US Dollar has solidified recent gains on a quiet start to the week with a US holiday giving the market time to consider the Fed’s rate path compared to other central banks.

from DailyFX - Market News https://ift.tt/5XTon8f
via IFTTT

Japanese Yen Dips as Treasury Yields Climb Ahead of Ueda Testimony. Higher USD/JPY?

The Japanese Yen has lost ground against the US Dollar as the threat of a re-acceleration of Fed rate hikes lifted Treasury yields and ahead of the nominee for BoJ Governor address.

from DailyFX - Market News https://ift.tt/GSkjWm9
via IFTTT

Markets Week Ahead: US Dollar, Gold, Dow Jones, FOMC Minutes, PCE, NZD/USD, RBNZ

The US Dollar outperformed as stronger CPI data bolsters hawkish Fed bets last week. Gold prices fell. Ahead, all eyes are on FOMC minutes, PCE data and another RBNZ rate hike. What else is due?

from DailyFX - Market News https://ift.tt/EDdy4c2
via IFTTT

Gold Price Fundamental Forecast: XAU/USD Tentative Awaiting Fundamental Catalyst

Gold prices look to upcoming fundamental data next week while XAU/USD holds above 1830 for now.

from DailyFX - Market News https://ift.tt/gCJPKQ4
via IFTTT

Oil Forecast: Crude Prices Sink on Rising Rates & China’s Slow Demand Recovery

Oil prices slumped this week as rising rates raised fears of an economic downturn. China’s slow fuel demand recovery following the reopening of its economy also weighed on sentiment.

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

Canadian Dollar Outlook: Canada’s CPI Eyed as USD/CAD Challenges Key Resistance

Canada’s January inflation report and broad market sentiment following the hawkish repricing of the Fed’s policy outlook will be key catalyst for USD/CAD in the coming days.

from DailyFX - Market News https://ift.tt/TI4k7Si
via IFTTT

Dollar Breakout and S&P 500 Breakdown Don’t Project Conviction Into Next Week

The technical levels were clear for the US-based S&P 500 and Dollar through the end of last week, and both tentatively earned a ‘break’ Friday. That said, follow through was clearly under scrutiny by the time liquidity drained. Have we already cleared the sentiment hurdle or do we need a more robust push next week for trends?

from DailyFX - Market News https://ift.tt/Cpun9gf
via IFTTT

What Past Global Recessions Can Teach Us About the Next One

The second global economic downturn in a decade could be the dark legacy of 2023. What can we learn about what’s to come from past recessions?

from DailyFX - Market News https://ift.tt/ChGLu51
via IFTTT

Gold Prices Remain Vulnerable Amid Hawkish Fedspeak and Further Hike Odds

Gold prices extended losses during Friday’s Asia-Pacific trading session. Hawkish Fedspeak further pushed up bond yields, denting XAU/USD as it broke key technical levels.

from DailyFX - Market News https://ift.tt/NEtWsn0
via IFTTT

US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?

The US Dollar regained the ascendency after Federal Reserve speakers Mester and Bullard cited potential 50 basis points hikes in the pipeline. Will the DXY index keep going north?

from DailyFX - Market News https://ift.tt/XSnOoh6
via IFTTT

Dollar’s Friday Breakout Potential: EURUSD, GBPUSD, AUDUSD and USDJPY

Risk assets were under pressure through the close of the New York session, but critical technical were still in place for benchmarks like the S&P 500. Could the market overcome a quiet Friday to produce an unusual week-ending break? If so, the Dollar is ready to leverage its safe haven status against EURUSD, GBPUSD and AUDUSD.

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