US Dollar (DXY) Struggles Continue as the Latest US Jobs Report (NFP) Nears

If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up, US NFPs.

from DailyFX - Market News https://ift.tt/Q4RtaL8
via IFTTT

GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP

GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback?

from DailyFX - Market News https://ift.tt/42oKrGC
via IFTTT

USD/CAD Price Forecast: Loonie Bid on Upbeat Canadian Balance of Trade Data

CAD is gaining ground on the US dollar but high impact economic data tomorrow will be in focus possibly resulting in a bull pennant break on USD/CAD daily chart.

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

ECB Delivers 25bps Hike Leaving the Door Open for Further Hikes, EUR/USD Slides

ECB hikes rates by 25bps while pledging that future decisions will make rates sufficiently restrictive. EURUSD heading toward the 1.1000 level

from DailyFX - Market News https://ift.tt/abNSM7T
via IFTTT

Gold (XAU/USD) Giving Back Post-FOMC Record Gains But The Future Seems Bright

A dovish interpretation of Jerome Powell’s FOMC statement on Wednesday sent gold spiking to a fresh all-time high before the precious metal retraced most of the move.

from DailyFX - Market News https://ift.tt/N7ln0vx
via IFTTT

British Pound Latest: GBP/USD Bid on FOMC Outlook, EUR/GBP Eyes the ECB

The Federal Reserve raised rates by 25 basis points as expected yesterday but the US hiking cycle may well be over. Next up the ECB.

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

AUD/USD Price Forecast: Pro-growth Aussie Struggles to Capitalize on Dovish Fed

AUD/USD is trading at a key inflection point as the Aussie dollar faces a weakening USD while risk aversion takes hold. Where to next?

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

US Dollar Crunched Post Fed Hike as Oil and Gold Rip Apart. New DXY Index Low?

The US Dollar descended again today after the market perceived the Fed to have delivered a dovish hike in rates. Crude went into a tailspin while gold found new legs. Will USD break lower?

from DailyFX - Market News https://ift.tt/M7WSaNw
via IFTTT

Dow Jones, S&P 500, Nasdaq 100 Sink after Fed, Powell, PacWest Woes Crush Sentiment

The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Fed rate decision, Powell’s press conference, and another troubled regional bank, PacWest, deteriorated sentiment. Where to?

from DailyFX - Market News https://ift.tt/bK7julO
via IFTTT

Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings

The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving forces behind FX

from DailyFX - Market News https://ift.tt/qvoUb7F
via IFTTT

Euro Latest: EUR/USD and EUR/JPY Prices and Outlooks

The Federal Reserve and the European Central Bank will announce their latest policy decisions in the next 24 hours and that makes trading EUR/USD a tricky proposition.

from DailyFX - Market News https://ift.tt/5BUV0Cv
via IFTTT

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

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