Tuesday, 28 March 2023

Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher

Gold is losing some of its safe-haven premium as the recent banking turmoil continues to calm down. Risk may be back on the table but for how long?

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

GBPUSD Gains Again, BoE Bailey Says Inflation Fight Comes First

The British Pound Continued its run as the BoE Governor said banking worries won’t stop rate rises

from DailyFX - Market News https://ift.tt/Bkp4EcQ
via IFTTT

EUR/USD Price Forecast: US and EU Banking Supervisors Provide Updates

With a sizeable downshift in high importance data this week, markets are left to assess respective rate differentials and comments from banking supervisors

from DailyFX - Market News https://ift.tt/CI5Hi2S
via IFTTT

AUD/USD Rises on Positive Retail Sales Data, CPI Ahead

AUDUSD rallied into key resistance around the 0.6700 level. Will we see a break higher with momentum or are we in for another rejection?

from DailyFX - Market News https://ift.tt/tez6TUi
via IFTTT

Monday, 27 March 2023

US Dollar (DXY) Subdued, Banks Gain, US Treasury Yields Move Higher

The US dollar is unchanged to start the US session after US bank First Citizen steps in to buy failed lender Silicon Valley Bank

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

Crude Oil Outlook: Oil Prices Bounce off Support as Bank Jitters Ease

Crude oil has extended last week’s gains, pushing prices toward technical resistance. As bank jitters ease, oil has received a positive boost in sentiment.

from DailyFX - Market News https://ift.tt/QLqBc6P
via IFTTT

British Pound Latest: GBP/USD Squeezes Higher as Risk Sentiment Improves

A range of asset classes open the week with a mild risk-on bid after a takeover of failed lender SVB boosts market sentiment

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

USD/JPY Bounce Looks Corrective, Lacks News Backing

The US Dollar made modest gains on the Japanese Yen but the Charts don’t look great for Dollar Bulls

from DailyFX - Market News https://ift.tt/cUNO4eS
via IFTTT

Gold Price Trickles Lower as Acceptance Above the $2000 Level Remains Elusive

Spot Gold continued to decline in European trade as sentiment shows modest improvement. Key risks still in play and could drive gold prices in the early part of the week.

from DailyFX - Market News https://ift.tt/T3uyngG
via IFTTT

Sunday, 26 March 2023

US Dollar Slides as Banking Woes Continue and Treasury Yield Sink. Where to for USD?

The US Dollar dipped today as markets take stock of where the banking crisis is headed and Treasury yields search for direction. Will the USD reclaim the ascendency?

from DailyFX - Market News https://ift.tt/04SiNRb
via IFTTT

Friday, 24 March 2023

US Dollar Outlook: Path of Least Resistance is Lower after Fed Ditches Hawkish View

The U.S. dollar is likely to come under selling pressure in the near term as markets price in rate cuts after Fed abandons hawkish guidance in order to preserve financial stability.

from DailyFX - Market News https://ift.tt/KfOo8FG
via IFTTT

Euro Dollar Outlook: EUR/USD Takes a Breather as Prices Test Support

The Euro has held its ground against the US Dollar, allowing prices to recover from February’s losses. Can EUR/USD break free from the current zone of support?

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

Gold Prices Cool Slightly After Fed’s Dovish Hike Puts $2000 Back in Play

Gold has been boosted consistently by hopes that the rate-hike cycle could be nearing an end

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

British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down

UK retail sales beat expectations data showed earlier today, helping to support the recent move higher in GBP/USD

from DailyFX - Market News https://ift.tt/jUD0fKN
via IFTTT

USD/JPY Eyeing a Break of the 130.000 Handle Following Mixed Inflation Data

USD/JPY looks to continue its downside momentum this morning. Mixed inflation data has reignited hope of further tweaks to the yield control policy.

from DailyFX - Market News https://ift.tt/NzRa7vF
via IFTTT

Thursday, 23 March 2023

Gold Gains After Fed’s Dovish Hike Reinforces Bullish Trend, Breakout in Play

Gold prices rise after the Fed signals that its hiking cycle in nearing its end considering recent banking sector turmoil, an outcome that would stand to benefit non-yielding precious metals.

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

BoE Raise Rates by 25bps, Expecting Inflation to Cool, GBP Edged Higher

BoE raised rates by 25bps as expected to fresh highs last seen in 2008. The vote was split 7-2 with policymakers Tenreyro and Dhingra voting to keep rates on hold.

from DailyFX - Market News https://www.dailyfx.com/news/boe-raise-rates-by-25bps-expecting-inflation-to-cool-gbp-edged-higher-20230323.html
via IFTTT

USDJPY Heads Lower as Market Digests a More Dovish Fed

The US Dollar has seen broad weakness after the Federal Reserve moderated forward policy guidance.

from DailyFX - Market News https://ift.tt/vwPm76y
via IFTTT

US Dollar (DXY) Touches a Fresh 7-Week Low Despite a 25bp Fed Rate Hike

The US dollar is seemingly disregarding another US interest rate hike and is turning lower as traders weigh up the odds for any further increases

from DailyFX - Market News https://ift.tt/3QAiFs8
via IFTTT

Wednesday, 22 March 2023

Gold Prices Turn to US Initial Jobless Claims to Gauge SVB Economic Shock

Gold prices gained as the US Dollar and Treasury yields fell after the Federal Reserve rate decision. All eyes turn to US initial jobless claims to gauge the economic impact of SVB’s collapse.

from DailyFX - Market News https://ift.tt/nehv7Lf
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...