Australian Dollar Fails To Hold China-Data Gains, Looks to RBA

AUD/USD has faltered ahead of key resistance and returned its data driven gains of the previous session

from DailyFX - Market News https://ift.tt/x2WYcqf
via IFTTT

Euro Area Core Inflation Prints Fresh Record High, EUR/USD Steady

Euro Area annual inflation rate came in above forecasts as core inflation rose for a third month in succession adding to the ECB conundrum.

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

USD/JPY Retains Bullish Outlook, Fundamentals Undermine the Japanese Yen

The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.

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

Manufacturing PMI Rises but Stays in Contractionary Territory, US Dollar Pares Drop

The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal.

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

Breaking News: German CPI Misses Forecasts - Inflation Remains ‘Sticky’

German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.

from DailyFX - Market News https://ift.tt/fr6EGR7
via IFTTT

FTSE 100 Gains As Miners Surge On Strong China Data

The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up

from DailyFX - Market News https://ift.tt/73hqrje
via IFTTT

GBP/USD Price Forecast: Grinds Higher but Acceptance Above 1.2100 Remains Elusive

GBP/USD remains caught between significant areas of support and resistance. Meanwhile UK mortgage data continues to struggle declining for a 5th consecutive month.

from DailyFX - Market News https://ift.tt/Z21SQgj
via IFTTT

Crude Oil Price Forecast: Chinese PMI’s & Weaker USD Offer a Lift for Crude Oil

Brent crude and WTI crude oil have benefitted from a risk on sentiment through positive Chinese manufacturing PMI data alongside a softer US dollar.

from DailyFX - Market News https://ift.tt/DyWC1ou
via IFTTT

US Dollar Extends Losses as Consumer Confidence Sours. What’s Next for the USD?

The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their daily advance.

from DailyFX - Market News https://ift.tt/QGT2cnA
via IFTTT

Pound Sterling Reacts Favorably to NI Protocol - GBP/USD, GBP/JPY Rise

News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the Democratic Unionist Party (DUP)

from DailyFX - Market News https://ift.tt/N13doFC
via IFTTT

Crude Oil Market Looks Nervously To PMIs, Inventory Data

A nervy oil market awaits a slew of both energy-specific and general economic numbers

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

USD/JPY Facing Strong Technical Hurdle at the 137.00 Level

The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technical hurdles ahead keep USDJPY in check?

from DailyFX - Market News https://ift.tt/KZLUm5S
via IFTTT

Canadian Dollar Outlook: USD/CAD Price Seeks Breakout Ahead of Canadian GDP

USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the spotlight today.

from DailyFX - Market News https://ift.tt/W0wQFaC
via IFTTT

Gold Prices at Risk Heading into US Consumer Confidence Data, Death Cross Eyed

Gold prices appear at risk as traders turn their attention to US Consumer Confidence data next. Meanwhile, a bearish Death Cross is in focus on the daily chart.

from DailyFX - Market News https://ift.tt/Wa4uOqY
via IFTTT

USD Breaking News: US Dollar Index (DXY) Retreats as Durable Goods Data Disappoints

US durable goods orders fell more than expected in January, reflecting a decline in 2 of the last 3 months according to data from the US Census Bureau.

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

EURUSD Limps Into New Week, Looks Ahead To Eurozone CPI

The Euro has been battered like many other currencies by Dollar-supporting suspicions that US interest rates will be staying higher for longer.

from DailyFX - Market News https://ift.tt/iF1QmPq
via IFTTT

Higher Inflation Will Change the Trading and Investment Landscape

The markets and assets that do well when price growth is cowed might not be such great investments when it is more vigorous.

from DailyFX - Market News https://ift.tt/bJhR6QH
via IFTTT

Gold Price Forecast: Short-Term Bounce Potential at $1800 Psychological Level

Spot gold continues to make its way toward the $1800 level as the Dollar remains bid following US PCE Data. Can the precious metal catch a short-term bounce as the RSI enters oversold territory?

from DailyFX - Market News https://ift.tt/Z2mktMs
via IFTTT

GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

GBP/USD price action has the pound testing the key 200-day MA ahead of the US durable goods orders release later today.

from DailyFX - Market News https://ift.tt/K1IFsg8
via IFTTT

US Dollar Holds the High Ground as Inflation Haunts Markets. Where to for USD?

The US Dollar ascendency got back on track last week after strong core US PCE data triggered fears of an even more aggressive Fed tightening phaser. Will the DXY index make a new high?

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