Gold Prices at Risk of Freefall Below the 100-Day MA

Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?

from DailyFX - Market News https://ift.tt/25XP91I
via IFTTT

Dow and CAC40 Move up, but Nasdaq 100 Struggles

After its huge run higher, the Nasdaq 100 has faltered, but the Dow and CAC40 are showing signs of strength

from DailyFX - Market News https://ift.tt/fb47wzU
via IFTTT

GBP/USD Price Forecast: UK Housing Prices a Sign of Future Pound Weakness?

GBP/USD is looking for a fundamental catalyst as it wades within a symmetrical triangle formation.

from DailyFX - Market News https://ift.tt/3cZvkiA
via IFTTT

Australian Dollar Holds Ground as Market Look to the Fed after BoC Hike

The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.

from DailyFX - Market News https://ift.tt/ru5lpcU
via IFTTT

Asia Day Ahead: Higher Treasury yields triggered profit-taking in Nasdaq overnight

A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver a hawkish surprise this week.

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

Crude Oil Outlook Muddied by Interference and Low Vol. Where to for WTI?

Crude oil prices consolidated going into Thursday after a bumpy start to the week as markets reassess the outlook when monetary policy is stagnant. Will the range break for WTI?

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

Outlook on FTSE 100, DAX 40 and S&P 500 as expectations of a Fed hike in June diminish.

Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context

from DailyFX - Market News https://ift.tt/Ce5SQYP
via IFTTT

EUR/USD Outlook: Euro Breakout Imminent, ECB Officials in Focus

EUR/USD fades as economic data and risk sentiment dwindles. ECB speakers will likely look to maintain the hawkish rhetoric today.

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

British Pound at Mercy of Peers in Light Data Week: GBP/USD, GBP/JPY, GBP/AUD Price Setups

In a relatively light week regarding UK macro data, the British pound could be at the mercy of some of its peers. What is the outlook for GBP/USD, GBP/JPY, and GBP/AUD?

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

Gold Gets its Groove as Markets Consolidate across the Board. Where to for XAU/USD?

The gold price shrugged off a press lower earlier this week with key macro events out of the way, attention might turn toward what the Federal Reserve will do next week. Higher XAU/USD?

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

Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in Asia

Wall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.

from DailyFX - Market News https://ift.tt/Fadef4t
via IFTTT

Australian Dollar Tad Softer After GDP; Is AUD/USD About to Reverse This Week's Gains?

The Australian dollar was mostly softer against the US dollar after the Australian economy grew slower than expected in the first quarter of the year. What’s next for AUD/USD?

from DailyFX - Market News https://ift.tt/1joICpc
via IFTTT

Cable (GBP/USD) Settles into Consolidation Channel – Breakout Levels Analysed

Cable trades within a broader consolidation channel, lacking a bullish catalyst while at the same time finding support via elevated interest rate expectations

from DailyFX - Market News https://ift.tt/xbhV8P4
via IFTTT

​​Dow and Nasdaq 100 Look to Move Higher but Hang Seng Struggles​

​​After Friday’s bounce, some of the bullish momentum has faded, but the Nasdaq 100 continues to make headway. ​

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

XAU/USD Price Forecast: Gold Tame in Low Vol Environment

Gold prices managed to stay afloat above the $1950/oz level as the dollar gives back some of its recent gains.

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

Australian Dollar Jumps as RBA Hikes; How Much More to Go For AUD/USD?

The AUD jumped after the RBA surprisingly hiked interest rates by 25 basis points and said some further tightening may be required in its determination to return inflation to its target.

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

US Dollar Pauses as Cross Market Volatility Rolls Over. Will Markets be Data Dependent?

The US Dollar recalibrated after data disappointed and may give the Federal Reserve room to skip a hike at their next gathering. Volatility has eased across markets. Will they spike again?

from DailyFX - Market News https://ift.tt/yieL3sS
via IFTTT

Asia Day Ahead: Wall Street on a breather as Apple failed to commit to all-time high

A mixed showing in Wall Street eventually saw the Nasdaq pare its initial gains by the close, partly as optimism around Apple’s share price fizzled.

from DailyFX - Market News https://ift.tt/xiNfO2t
via IFTTT

USD/CAD Price Forecast: Loonie to Exploit Death Cross Formation?

CAD is poised for further upside ahead of the upcoming Bank of Canada rate decision.

from DailyFX - Market News https://ift.tt/IwE08nB
via IFTTT

Australian Dollar Ahead Of RBA: AUD/USD, AUD/NZD, EUR/AUD Price Setups

The Australian dollar has recouped some losses against some of its peers as the Reserve Bank of Australia interest rate pause doubts grow following the hike in the minimum wage. What is the outlook for AUD/USD, AUD/NZD, and EUR/AUD?

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