Wednesday, 3 May 2023

Gold Eyes YTD High Following Triangle Breakout, FOMC and Overall Sentiment Remain Key

Spot Gold Benefits as Safe Haven Appeal Returns. Will the FOMC meeting provide the catalyst for fresh highs?

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

USD/JPY Price Forecast: Japanese Yen Set for Safe Haven vs FOMC Battle

USD/JPY now looks to key US economic data and the FOMC for guidance while keeping a close eye on the developing banking crisis. Yen sandwiched between 135 and 140.

from DailyFX - Market News https://ift.tt/f7WzaAk
via IFTTT

Tuesday, 2 May 2023

Crude Oil Price Punished Ahead of Fed on Recession Fears. Will WTI Push Lower?

Crude oil is on the back foot as recession alarm bells are ringing with US banks and data undermining confidence. If the Fed turns more hawkish, will it stoke more slowdown fears?

from DailyFX - Market News https://ift.tt/FHogfU1
via IFTTT

Gold Price Holds the High Ground as Treasury Yields Retreat. Where to for XAU/USD?

The gold price found support overnight with concerns around the US banking sector undermining sentiment and perceived haven assets gaining lustre. Will XAU/USD make a new peak?

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

Nasdaq Price Update: Apple Earnings, FOMC, NFP to Provide Volatility

The largest company by market cap reports its Q2 earnings in a week comprising of a Fed rate decision, services PMI and US non-farm payroll data. Volatility lift expected

from DailyFX - Market News https://ift.tt/YzP5NeE
via IFTTT

Japanese Yen Price Action Update: EUR/JPY, USD/JPY. AUD/JPY

Concern around diverging Central Bank policies and improving sentiment sees the Euro hit 15-year high to the Yen. Where to next for Yen pairs?

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

Gold Price (XAU/USD), Silver Price (XAG/USD): Attention Now Turns to the Federal Reserve

The Fed will announce its latest monetary policy decision on Wednesday with a 25 basis point rate hike now fully priced-in.

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

Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower

Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps hike from the ECB now a certainty on Thursday?

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

GBP/USD Price Forecast: Pound Resilient Ahead of Fed

GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25.

from DailyFX - Market News https://ift.tt/jMFgA3T
via IFTTT

Monday, 1 May 2023

Australian Dollar Spike After RBA Hikes. Will AUD/USD Find Higher Ground?

The Australian Dollar shot higher after the RBA raised the cash rate to 3.85% surprising markets. The bank cited inflation as being too high. If they hike again, will AUD/USD go higher?

from DailyFX - Market News https://ift.tt/cOJKsH3
via IFTTT

Crude Oil Steadies as Markets Eye Fed and ECB Rate Decisions. Where to for WTI?

Crude oil prices consolidated into Tuesday as markets digest data ahead of monetary policy meetings from the Federal Reserve and the ECB. If both banks tighten, will WTI go lower?

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

USD/JPY Goes Ballistic, Pulverizes Key Fib Resistance, S&P 500 Wavers at 4,200

USD/JPY breaks above confluence resistance on Monday, bolstered by higher U.S. yields. Meanwhile, the S&P 500 struggles at the 4,200 level, with bulls and bears battling for control of the market.

from DailyFX - Market News https://ift.tt/l4uKjW8
via IFTTT

Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause

Gold prices retreat as U.S. ISM manufacturing data weakens the case for a Fed pause, triggering a sharp rally in U.S. Treasury yields.

from DailyFX - Market News https://ift.tt/dxqNn1g
via IFTTT

Sunday, 30 April 2023

Crude Oil Slip on Soft Data Ahead of Fed and ECB Decisions. Where to for WTI?

The crude oil price gave up some of Friday’s gain to start the week after Chinese PMI data missed forecasts and several markets are closed for holidays. Will crude resume the recovery?

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

Gold Price Trapped Ahead of a Busy Week as US Dollar Pauses. Where to for XAU/USD?

The gold price slipped at the open on Monday as traders prepare for the Fed’s interest rate decision and the potential for impact across the yield curve and on the US Dollar.

from DailyFX - Market News https://ift.tt/8STXGnJ
via IFTTT

Markets Week Ahead: Fed, ECB, RBA, S&P 500, Gold, US Dollar

Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. Key focus in the coming week is on the Fed, ECB and RBA rate decisions, global manufacturing and services PMI data and earnings of around 160 companies in the S&P 500 index.

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

US Dollar’s Direction Hinges on Fed’s Policy Outlook, US Labor Market Data

The Fed's policy decision at its May meeting and the April nonfarm payrolls report will steal the spotlight next week and will be key in determining the direction of the U.S. dollar going forward.

from DailyFX - Market News https://ift.tt/9eXBmCt
via IFTTT

Crude Oil Weekly Forecast: OPEC+ Production Gains Wiped Out Ahead of Pivotal Week for Oil Prices

Oil fluctuated between losses and gains this past week as recession fears continue to weigh on prices. Will huge swathes of data this week be pivotal in providing Oil with a medium-term direction?

from DailyFX - Market News https://ift.tt/hRiNP69
via IFTTT

Saturday, 29 April 2023

British Pound Week Ahead: GBP/USD and EUR/GBP Will Dance to Different Music

The latest Fed and ECB monetary policy decisions next week will steer GBP/USD and EUR/GBP in the short-term.

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

Friday, 28 April 2023

S&P 500, Nasdaq Weekly Forecast: Climbing the Wall of Worry

Earnings from the big technology companies may have boosted US equity indices but the bar for further gains is rising ahead of the US FOMC meeting next week. That said, the trend remains up and so far, there are no signs of a reversal of the uptrend on technical charts.

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