GBP/USD has not been able to reverse recent losses while fundamental and technical analysis may suggest further hardship for the pound.
from DailyFX - Market News https://ift.tt/khRa26L
via IFTTT
Tuesday, 30 May 2023
Monday, 29 May 2023
Bitcoin & Ethereum Week Ahead: Upside Capped For Now?
Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend. Indeed, chances are that cryptocurrencies could be settling in a range in the interim.
from DailyFX - Market News https://ift.tt/MvFBam9
via IFTTT
from DailyFX - Market News https://ift.tt/MvFBam9
via IFTTT
Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?
The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the debt deal faces an imminent vote.
from DailyFX - Market News https://ift.tt/RnD95jY
via IFTTT
from DailyFX - Market News https://ift.tt/RnD95jY
via IFTTT
Ahead of Euro Area Inflation: EUR/USD, EUR/GBP, EUR/AUD Price Setups
The euro is beginning to look a bit oversold at least against the US dollar ahead of key Euro area inflation data, opening the door for a minor rebound. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?
from DailyFX - Market News https://ift.tt/fTabUEd
via IFTTT
from DailyFX - Market News https://ift.tt/fTabUEd
via IFTTT
EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal
The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?
from DailyFX - Market News https://ift.tt/DUe7qov
via IFTTT
from DailyFX - Market News https://ift.tt/DUe7qov
via IFTTT
Sunday, 28 May 2023
Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?
Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crude oil and natural gas?
from DailyFX - Market News https://ift.tt/9Lu7hFa
via IFTTT
from DailyFX - Market News https://ift.tt/9Lu7hFa
via IFTTT
US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?
The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. Will USD slide on a resolution?
from DailyFX - Market News https://ift.tt/rcmAEYT
via IFTTT
from DailyFX - Market News https://ift.tt/rcmAEYT
via IFTTT
Japanese Yen After US Debt Deal: USD/JPY, EUR/JPY, GBP/JPY
The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US Fed rate hike grow. Against its peers, however, the outlook differs.
from DailyFX - Market News https://ift.tt/HUC4nOs
via IFTTT
from DailyFX - Market News https://ift.tt/HUC4nOs
via IFTTT
Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede
The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling resolution.
from DailyFX - Market News https://ift.tt/9Y7VMqU
via IFTTT
from DailyFX - Market News https://ift.tt/9Y7VMqU
via IFTTT
Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Debt Ceiling, NFPs, AI Frenzy
An AI-fueled frenzy drove the Nasdaq Composite higher as the Dow Jones sank. In the background, solid economic data is feeling Fed rate hikes again, sinking gold and boosting the US Dollar. What is in store for markets ahead?
from DailyFX - Market News https://ift.tt/qFERAmP
via IFTTT
from DailyFX - Market News https://ift.tt/qFERAmP
via IFTTT
Saturday, 27 May 2023
Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal
A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?
from DailyFX - Market News https://ift.tt/x12dfjO
via IFTTT
from DailyFX - Market News https://ift.tt/x12dfjO
via IFTTT
Friday, 26 May 2023
EUR/USD Inches Up Despite Stronger US PCE Inflation Numbers
The Euro made some gains in European trading on Friday, but remains set for another week of losses against the US Dollar.
from DailyFX - Market News https://ift.tt/H5MPjZT
via IFTTT
from DailyFX - Market News https://ift.tt/H5MPjZT
via IFTTT
US Dollar Perks Up While Gold Turns Lower Following Strong Core PCE Data
Gold prices turned lower and retraced session gains after U.S. PCE data showed that consumer spending and inflation grew more than expected in April, a sign that the Fed may be reluctant to hit the pause button.
from DailyFX - Market News https://ift.tt/fCJ7y5K
via IFTTT
from DailyFX - Market News https://ift.tt/fCJ7y5K
via IFTTT
Japanese Yen (JPY) Latest: USD/JPY Toying With 140.00 on Supportive US Yields
USD/JPY is taking a break after its recent rally with US dollar strength priming the pair for a fresh test of Thursday’s multi-month high
from DailyFX - Market News https://ift.tt/XvixjUt
via IFTTT
from DailyFX - Market News https://ift.tt/XvixjUt
via IFTTT
Gold Recoups Some Losses, US Debt Ceiling, Inflation In Focus
Gold Prices rose a little on Friday, as the United States’ Dollar gave back some ground, but are nonetheless set for their third straight weekly fall.
from DailyFX - Market News https://ift.tt/z2du7LA
via IFTTT
from DailyFX - Market News https://ift.tt/z2du7LA
via IFTTT
FTSE 100, DAX 40 and S&P 500 Try to Stabilise Despite Ongoing US Debt Ceiling Woes
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
from DailyFX - Market News https://ift.tt/7z5FvOl
via IFTTT
from DailyFX - Market News https://ift.tt/7z5FvOl
via IFTTT
GBP/USD Price Forecast: Cable Bounces from Oversold Territory as UK Retail Sales Recover
Cable eyeing a short-term bounce helped by technicals and a resurgent retail sector. Can Cable hold onto its gains ahead of US data later today?
from DailyFX - Market News https://ift.tt/Eh4SZM3
via IFTTT
from DailyFX - Market News https://ift.tt/Eh4SZM3
via IFTTT
Thursday, 25 May 2023
Gold Price Forecast: $1950 Level Holds Key for Bearish Momentum to Continue
Spot Gold continues to struggle against a rising Dollar index and US Yields. Will the bears finally assume control?
from DailyFX - Market News https://ift.tt/QijFJrS
via IFTTT
from DailyFX - Market News https://ift.tt/QijFJrS
via IFTTT
Dow and Hang Seng Fall Sharply, but Nasdaq 100 Supported by Nvidia
The US debt ceiling continues to hang over markets, though Nvidia’s numbers have provided yet another reason for the Nasdaq 100 to move higher.
from DailyFX - Market News https://ift.tt/gVnqQJX
via IFTTT
from DailyFX - Market News https://ift.tt/gVnqQJX
via IFTTT
EUR/USD Outlook: Euro Tumbles as Germany Enters Recession
EUR/USD down 0.3% in early trade as multiple factors weigh on the euro including German recession, US debt ceiling, US downgrade and souring risk sentiment.
from DailyFX - Market News https://ift.tt/cXulaOk
via IFTTT
from DailyFX - Market News https://ift.tt/cXulaOk
via IFTTT
Subscribe to:
Comments (Atom)
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...
-
Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
-
Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...