Saturday, 22 April 2023

Euro Week Ahead: Will Heavyweight Data Breathe Life Back Into a Lethargic EUR/USD?

EUR/USD volatility is at a two-month low with the pair stuck in a 90 pip range this week. Next week’s data releases look set to challenge this range.

from DailyFX - Market News https://ift.tt/kE6TMz7
via IFTTT

Friday, 21 April 2023

AUD/USD Weekly Forecast: Ominous Signs for Aussie Dollar

AUD/USD looks to a US dominated week while technical analysis favors more pain for the Aussie dollar.

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

Sterling Price Outlook: Signs of Bullish Impetus Reverse Ahead of a Busy Week

Sterling showed some signs of promise earlier this week on the back of another stubbornly hot inflation number which dragged rate expectations higher. Momentum Fades

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

EUR/USD Remains Listless Despite Improving Euro Area Business Activity

The latest Euro Area PMIs show business activity in the single block at an 11-month high, driven by an increasingly robust service sector.

from DailyFX - Market News https://ift.tt/L8aMEAR
via IFTTT

USD Price Forecast: Dollar Index (DXY) Bid on Fed Speak

The U.S. dollar looks towards additional Fed speak and US PMI data in what is a relatively lackluster economic trading day. DXY pushing 102.

from DailyFX - Market News https://ift.tt/flRYz1a
via IFTTT

Thursday, 20 April 2023

Canadian Dollar Falls With Crude Oil Prices, Will USD/CAD Break Higher Next?

The Canadian Dollar continues to weaken alongside crude oil prices. USD/CAD is facing a key moving average, will it be able to, or will prices break higher?

from DailyFX - Market News https://ift.tt/NFsfoQ0
via IFTTT

Gold Prices Fly as Treasury Yields Dive, S&P 500 at Risk of Breaking Down

Gold prices resume their advance, supported by falling US Treasury rates. Meanwhile, the S&P 500 fails to extinguish bearish pressure despite the move in bond markets, a sign bulls may be bailing.

from DailyFX - Market News https://ift.tt/2oH7jqn
via IFTTT

Euro Forecast - EUR/USD Rebounds as Trendline Support Holds Bears at Bay. What Now?

EUR/USD gains after a subdued performance on Wednesday, as prices encounter support at a key technical trendline, setting the stage for a modest rebound in the FX space.

from DailyFX - Market News https://ift.tt/CqVGe2r
via IFTTT

South African Rand Forecast: ZAR Bid on Sticky Inflation and Weaker USD

USD/ZAR has pushed off the 50-day moving average today as a weaker USD takes hold ahead of key US releases later today.

from DailyFX - Market News https://ift.tt/nPEMD9b
via IFTTT

EUR/USD Unchanged After ECB Minutes, Heavy Data Calendar Next Week

The single currency is barely changed after the release of the latest ECB minutes showed that a majority of members agreed with a 50bp rate hike, although others preferred to keep rates unchanged.

from DailyFX - Market News https://ift.tt/Fs648zL
via IFTTT

Oil Price Forecast: WTI Enters Fourth Straight Day of Declines on Demand Concerns

A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question

from DailyFX - Market News https://ift.tt/uEwXYC7
via IFTTT

XAU/USD Forecast: Fed Beige Book Provides Support for Gold Prices

Gold prices look to push back above the $2000 mark but could be hampered by Fed speakers later today.

from DailyFX - Market News https://ift.tt/Jm96FHZ
via IFTTT

Wednesday, 19 April 2023

GBP/USD Capped by Cluster Resistance, USD/JPY Blasts Off after Bullish Breakout

GBP/USD rises, but bullish momentum wanes as prices approach cluster resistance. Meanwhile, USD/JPY extends its advance after clearing a key trendline late last week.

from DailyFX - Market News https://ift.tt/IEJ3akm
via IFTTT

Silver Price Forecast: XAG/USD Bullish Continuation Remains Constructive

The broader dollar downtrend combined with lower interest rate expectations continue to buoy non-interest-bearing commodities like silver

from DailyFX - Market News https://ift.tt/eSd0XRC
via IFTTT

FTSE, S&P 500 Latest: Inflation Concerns Weigh on Risk Appetite

UK CPI has led markets to anticipate a further 75 basis points of hikes to year end - weighing on the FTSE. Prominent Fed hawks have their say as S&P 500 finds resistance

from DailyFX - Market News https://ift.tt/z4pwd16
via IFTTT

Gold (XAU/USD) Price Under Yield Pressure, Support Level Nears

The precious metal is testing near-term support as short-dated US Treasury yields press higher.

from DailyFX - Market News https://ift.tt/2oZW0cd
via IFTTT

Breaking News: UK Inflation Holds Above 10% for the 7th Consecutive Month

GBP/USD remained quietly cautious after elevated inflation data ‘hawkishly’ re-priced the BoE’s interest rate path.

from DailyFX - Market News https://ift.tt/0jK5dqb
via IFTTT

Tuesday, 18 April 2023

Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing emerged. How have retail traders changed their exposure?

from DailyFX - Market News https://ift.tt/Wx32Bte
via IFTTT

EUR/USD Bounces Off Confluence Support as Bulls Reemerge to Assert Market Control

EUR/USD pivots higher after two consecutive days of declines, with bulls swooping in to defend technical support and to spark a rebound off the psychological 1.0900 level.

from DailyFX - Market News https://ift.tt/n3K2DAc
via IFTTT

Gold Prices Gain as US Dollar Resumes Drop, XAU/USD Bounces off Channel Support

Gold regains ground after a subdued performance on Monday, with prices rebounding off channel support near the psychological $2000 level.

from DailyFX - Market News https://ift.tt/lixQMqz
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...