Wednesday, 28 June 2023

Gold Price Forecast: XAU/USD Breakdown Levels Identified

Gold has broken below the longer-term ascending channel, pointing to continued selling despite short-lived geopolitical tensions providing a lift to the precious metal

from DailyFX - Market News https://ift.tt/g5YfK1l
via IFTTT

FTSE 100 DAX 40 and S&P 500 recover

Outlook on FTSE 100, DAX 40 and S&P 500 as they bounce off this week’s lows on solid US data

from DailyFX - Market News https://ift.tt/IgiyLx7
via IFTTT

EUR/USD to Remain Supported by Hawkish ECB as Sintra Meeting Heats Up

EUR/USD is likely to remain rangebound as Central Bankers share their thoughts at the ECB Forum. The tussle for superiority between bulls and bears looks set to rumble on.

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

Tuesday, 27 June 2023

New Zealand Dollar Ahead of US PCE Data; NZD/USD AUD/NZD GBP/NZD Price Setups

The New Zealand dollar is maintaining a weak bias against most of its peers ahead of the key US PCE price data due Friday, on diverging monetary policy outlooks. What’s next for NZD/USD, AUD/NZD, and GBP/NZD?

from DailyFX - Market News https://ift.tt/rwlRAy3
via IFTTT

Australian Dollar Slides After CPI Data; How Much More Downside in AUD/USD?

AUD dropped after Australia's monthly CPI indicator showed price pressures moderated more than expected last month. What is the outlook for AUD/USD ahead of Australia retail sales (Thursday) and US PCE data (Friday)?

from DailyFX - Market News https://ift.tt/H27L5zO
via IFTTT

Bank of Japan (BoJ) - Foreign Exchange Market Intervention

As interest rate differentials widen between Japan and other major economies, the Japanese Yen continues to weaken.

from DailyFX - Market News https://ift.tt/Bmp90FI
via IFTTT

Japanese Yen Weakens Further: USD/JPY GBP/JPY and CAD/JPY Latest

Japanese officials are voicing their concerns over the latest bout of JPY weakness, but will jaw-boning be enough to stop the Japanese Yen from falling further.

from DailyFX - Market News https://ift.tt/Htv2k5G
via IFTTT

ECB Hawks Propel the Euro Higher: EUR/USD EUR/GBP and EUR/JPY Setups

The ECB’s Forum on Central Banking has provided a platform for hawkish officials this morning ahead of tomorrow’s panel discussion including heads of the Fed, BoE and ECB

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

FTSE 100 and Dow see rebounds stumble while Nasdaq 100 claws back some losses

​​Tech stocks dropped sharply yesterday, but the Nasdaq 100 has tiptoed higher this morning, while the rebounds in the FTSE 100 and Dow have struggled. ​

from DailyFX - Market News https://ift.tt/GxnuL8D
via IFTTT

GBP/USD Price Forecast: Cable Eyes Recent Highs as Central Bankers Gather in Sintra for the ECB Forum

The ECB Forum is set to start in Sintra today as Central Bankers discuss monetary policy. No real material change is expected as GBPUSD rises ahead of the meeting. Further gains in store?

from DailyFX - Market News https://ift.tt/fu8ap9R
via IFTTT

Monday, 26 June 2023

Australian Dollar Boosted by Soft US Dollar and Rosy China Outlook. Higher AUD/USD?

The Australian Dollar jumped on a weaker US Dollar undermined by lower Treasury yields and China looking to new efforts to provide impetus to its economy. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/JQvl5jn
via IFTTT

Gold Price Latest: XAU/USD Nudges Higher as US Bond Yields Turn Lower

The price of gold is testing an old area of support turned resistance but the move currently lacks conviction.

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

FTSE 100 DAX and S&P 500 try to find support

​​Outlook on FTSE 100, DAX 40 and S&P 500 following a week of losses and a short-lived military coup in Russia.

from DailyFX - Market News https://ift.tt/VMCd4vN
via IFTTT

EUR/USD Price Forecast: EUR/USD Looks to ECB Forum for Guidance

EUR/USD looks to continue its recovery following a late week selloff. Will Geopolitical tension weigh or will ECB President Lagarde be the catalyst for another bullish run?

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

Sunday, 25 June 2023

Japanese Yen on Intervention Watch: USD/JPY EUR/JPY GBP/JPY Price Setups

JPY gained slightly after Japan’s top diplomat said authorities will respond to excessive moves in the currency market. What is the outlook for USD/JPY, EUR/JPY, and GBP/JPY?

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

British Pound After BoE Rate Hike: GBP/USD EUR/GBP GBP/AUD Price Action

The subdued reaction to the surprise interest rate hike by BoE last week could be a sign that the British pound’s rally could be due for a minor setback against some of its peers. How do GBP/USD, GBP/AUD, and EUR/GBP look?

from DailyFX - Market News https://ift.tt/M2zbHFy
via IFTTT

Asia Day Ahead: Subdued Start to the Week Amid Light Calendar in the Region

Last Friday brought another downbeat session in Wall Street, with the S&P 500 adding to recent losses to close 1.4% lower for the week.

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

Markets Week Ahead: Nasdaq Gold USD Powell US PCE Germany Ifo China PMI Australia Retail Sales

The week’s calendar looks busy with central bank officials’ speeches, including Fed Chair Powell and ECB President Lagarde, as risk appetite has taken a back seat following aggressive tightening by global central banks. Key focus will be on US PCE Price Index data, Germany Ifo and China PMI data.

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

Saturday, 24 June 2023

USD/JPY Price Forecast: More Misery to Come for Japanese Yen?

The Japanese Yen heads into a US data filled week on the backfoot as the Fed and BoJ look to be diverging once more.

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

Friday, 23 June 2023

Euro Outlook: EUR/USD Veers Off Bullish Path after Rejection at 1.1000. Now What?

EUR/USD fails to hold above 1.1000 and turns lower heading into the weekend, dropping below the 1.0900 handle and challenging a key trendline support. Will the bears be rebuffed?

from DailyFX - Market News https://ift.tt/8st6T3S
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...