USD/JPY Price Forecast: Yen Faces Short-Term Pressure Following Ueda Inauguration

USD/JPY looks to rise as the new BoJ Governor vows to stick with easing monetary policy for now with price action and technicals also supporting further short-term gains.

from DailyFX - Market News https://ift.tt/MbleC6q
via IFTTT

British Pound Latest – GBP/USD Starts the Week on a Positive Note

GBP/USD starts the session on the front foot and back above 1.2400. Early US dollar weakness is helping the move ahead of important US releases on Wednesday.

from DailyFX - Market News https://ift.tt/xYSQ3qz
via IFTTT

AUD/USD Price Forecast: Consumer Confidence Hits Fresh Yearly Highs, Aussie Bid

The AUD is trading higher this morning after a positive China/Australia deal may remove tariffs on local barley while Westpac consumer confidence beat estimates.

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

US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?

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

Gold Prices Fall as Traders Raise Odds of More Fed Tightening after Solid Jobs Data

Gold begins the week on the back foot, dragged down by the rally in the U.S. dollar and the increased likelihood of a May FOMC rate hike, but maintains a bullish medium-term outlook.

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

Q2 Top Trade Idea: Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal

USD rate expectations price in multiple rate cuts for 2023 while the yen appears poised to capitalise on its safe-haven appeal and possible policy normalisation

from DailyFX - Market News https://ift.tt/it9URbP
via IFTTT

Q2 Top Trade Idea: Long USD/CAD, Rate Differential and Price Action Support Further Upside

USDCAD remains on course for higher prices despite a recent pullback. Is 1.4000 still possible?

from DailyFX - Market News https://ift.tt/O9X8nYQ
via IFTTT

Can the Japanese Yen rely on its safe-haven appeal in Q2 - Will USD retaliate?

While the BoJ is expected to maintain the current status quo throughout Q2, the focus remains on the Fed's next move.

from DailyFX - Market News https://ift.tt/Y9eGl1M
via IFTTT

Will Systemic Risks Make or Break Bitcoin in Q2?

As fears of financial instability continue to drive risk sentiment, Bitcoin prices have surged and could continue to be driven by the same systemic risks in the second quarter.

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

US Dollar May Keep Weighing on the Chinese Yuan if Exports Soften

An anticipated weakening in Chinese exports for the second quarter y/y could keep the US Dollar pressuring the Yuan. USD/CNH may be eyeing a 7.08 – 7.52 zone in the coming months.

from DailyFX - Market News https://ift.tt/Y59jOys
via IFTTT

Volatility May See Range Breaks across Markets but Trends Might be Short-Lived

Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and an evolving banking crisis. Will volatility continue to evolve?

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

Markets in the Second Quarter: S&P 500, US Dollar, Gold, Crude Oil, Euro, Recession Woes

To some, how markets performed in the first quarter might have come as a surprise. But, is price action deviating away from the fundamentals? What are the key markets to watch in Q2?

from DailyFX - Market News https://ift.tt/pEc8awQ
via IFTTT

US Dollar Q2 Fundamental Forecast: USD Weakness to Make Headway as Fed Abandons Hawkish Pledge

The U.S. dollar is likely to have a challenging second quarter as the Fed’s tightening campaign comes to an end and markets begin to price in rate cuts for the second half of the year.

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

Oil Fundamental Forecast: WTI to Head Lower in Q2 as Fundamentals Weaken

OPEC forecasts a drop in global oil demand in Q2 as the Biden administration backtracks on SPR refills, effectively removing a zone of support

from DailyFX - Market News https://ift.tt/xf0oZWV
via IFTTT

Euro Q2 Technical Forecast: EUR/USD Presents Attractive Price Action for Now

Despite retaining a positive bias in early 2023, EUR/USD has lacked strong bullish conviction. The outlook, however, could change if prices break out of recent ranges.

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

Japanese Yen Q2 2023 Fundamental Forecast: Safe Haven Appeal to Keep Yen Supported

The Yen looks set to benefit from its safe-haven appeal, while the incoming BoJ Governor Ueda is likely to keep policy unchanged in the short-term.

from DailyFX - Market News https://ift.tt/BKxJ8Nt
via IFTTT

British Pound Q2 2023 Technical Forecast: GBP/USD and EUR/GBP

Are there any attractive Q2 set-ups against Sterling? Two currencies spring to mind.

from DailyFX - Market News https://ift.tt/M1e3vhu
via IFTTT

Gold Q2 2023 Technical Forecast: Uncertainty Lies Ahead for XAU/USD

Spot gold looks to the upside at the start of Q2 2023 from a technical perspective as XAU/USD eyes the $2000 resistance handle, but how long will this last?

from DailyFX - Market News https://ift.tt/mU8ElCR
via IFTTT

US Dollar Outlook – Direction of Travel May Be Lower as Jobs Data Overstates Strength

The U.S. dollar traded slightly higher heading into the weekend following the release of the March U.S. jobs report, but is likely to head lower if the Fed embraces a more cautious approach.

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

March Jobs Report: Nonfarm Payrolls Rise by 236,000, Wage Growth Cools to 4.2%

The U.S. economy added 236,000 jobs in March, a healthy but slower pace of hiring than seen earlier in the year. Meanwhile, the unemployment rate fell to 3.5% from 3.6% previously.

from DailyFX - Market News https://ift.tt/eiF0sgw
via IFTTT