USD Price Forecast: DXY Holds its Breath Ahead of Big Data Week

The U.S. dollar found some backing this morning while trading within a bull flag pattern; however, US CPI and the FOMC will ultimately decide on investor sentiment.

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

New Zealand Dollar Boosted by Low Volatility; What’s Next for NZD/USD, AUD/NZD, EUR/NZD?

The suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest rates are peaking have boosted risk-sensitive currencies, including the New Zealand dollar. What is the outlook for NZD/USD, AUD/NZD, and EUR/NZD?

from DailyFX - Market News https://ift.tt/n0BXd31
via IFTTT

Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory

The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.

from DailyFX - Market News https://ift.tt/ktx7GhJ
via IFTTT

Crude Oil Price Bounces Around but is Unable to Break the Range Where to for WTI?

Crude oil prices regained traction going into Friday after testing the downside overnight as potentially more supply coming online before USD tanked. Will the range break for WTI?

from DailyFX - Market News https://ift.tt/tkFlg7T
via IFTTT

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