Tuesday, 4 July 2023

Q3 Top Trade: Short EUR/GBP as A Hawkish BoE and Price Action Support Further Downside

EURGBP looks well on its way to print fresh lows in Q3 as the Bank of England faces the toughest challenge out of all the major Central Banks. 0.8200 incoming?

from DailyFX - Market News https://ift.tt/Uqz7It8
via IFTTT

Gold Price Steadies with US Dollar Sidelined but an RBA Pause Sinks AUD/USD

The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not to hike rates.

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

Monday, 3 July 2023

Australian Dollar Dips After RBA Pause on Hike Cycle. Will AUD/USD Go Lower?

The Australian Dollar collapsed after the RBA decided to keep the cash rate unchanged at 4.10%. The inflation gauges are now on centre stage for future rate moves. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/LfNQ3Kd
via IFTTT

Euro Ahead of US Jobs Data: EUR/USD EUR/AUD EUR/GBP Price Setups

The euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?

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

Asia Day Ahead: Soft Start to the New Quarter; Key Focus on RBA Rate Decision

Major US indices drifted higher on lighter volume to deliver a positive start to the new quarter, as we head into the Independence Day holiday.

from DailyFX - Market News https://ift.tt/OY14fsg
via IFTTT

Q3 Top Trade Opportunity: US Dollar May Extend its Rally Against the Chinese Yuan in the Third Quarter

The US Dollar may continue pressuring the Chinese Yuan in the third quarter with global growth still vulnerable to central banks that are keeping monetary policy tight

from DailyFX - Market News https://ift.tt/DenwP60
via IFTTT

Q3 Top Trade: S&P 500 Vulnerable to Pullback on Weak Fundamentals and Frothy Markets

The S&P 500 has rallied significantly in recent months, but could face serious challenges in the third quarter, especially if fundamentals worsen on hawkish monetary policy.

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

USD/JPY Price Outlook: Carry Trade Continues Despite Intervention Talk

The Japanese yen remains an outlier within the G7 FX space as long as ultra-loose monetary policy appears to have no end in sight. Japan officials talk up ‘intervention’

from DailyFX - Market News https://ift.tt/Q1NJpHs
via IFTTT

FTSE 100 DAX 40 and S&P 500 begin new quarter on positive footing

​​Outlook on FTSE 100, DAX 40 and S&P 500 as a new month and quarter begin.

from DailyFX - Market News https://ift.tt/3P7hiW8
via IFTTT

XAU/USD Price Forecast: Quiet Start for Gold Manufacturing PMI in Focus

Gold prices trade slightly lower this morning as markets keenly await key US economic data throughout the week.

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

Sunday, 2 July 2023

Australian Dollar Buoyed by Solid Data Locally and in China. Higher AUD/USD?

The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays may see skittish trading conditions.

from DailyFX - Market News https://ift.tt/GqA79ct
via IFTTT

S&P 500 Nasdaq Ahead of US Jobs Data: No Sign of a Reversal

The uptrend in the S&P 500 and the Nasdaq 100 index is intact. However, there are some signs of fatigue emerging, especially on the technology-heavy index. What is the outlook and what are the key levels to watch?

from DailyFX - Market News https://ift.tt/b8ahDwv
via IFTTT

Asia Day Ahead: Lighter Start to the Week but Risk-On Prevails

The second quarter has concluded with a further pull-ahead in risk sentiments last Friday, with the S&P 500 closing at its highest level in 14 months.

from DailyFX - Market News https://ift.tt/P2ch9Cu
via IFTTT

Markets Q3 Outlook: Gold Oil S&P 500 US Dollar Euro Pound Yen AUD BTC

Market dynamics could change and become hostile for some assets and friendlier for others in the coming months as major central banks extend their tightening campaign. Check out DailyFX team's trading forecasts for the third quarter.

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

Friday, 30 June 2023

US Dollar Slides as Feds Favorite Inflation Gauge Comes Below Expectations

The U.S. dollar, as measured by the DXY index, fell on Friday after U.S. PCE data showed that consumer spending and core inflation rose less than expected in May, giving the Fed cover to be less hawkish.

from DailyFX - Market News https://ift.tt/r5XT1Ww
via IFTTT

Gold Price Latest: Testing Support as US Inflation Data Nears

Markets are in wait-and-see mode ahead of the latest US inflation print out later today.

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

Euro Breaking News: Core Inflation Rises in Europe Headline Declines

The stickier, core measure of inflation in the Euro Area rose during the month of June but less than expected. Headline inflation continues to make progress

from DailyFX - Market News https://ift.tt/f97p6qa
via IFTTT

FTSE 100 DAX 40 and S&P 500 try to end month and quarter on a high

​​Outlook on FTSE 100, DAX 40, and S&P 500 as month and quarter end may generate volatility.

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

Thursday, 29 June 2023

Japanese Yen Setups: USD/JPY Buoyed by US Data GBP/JPY Wavers at Resistance

This article examines USD/JPY and GBP/JPY from a technical analysis perspective, analyzing possible scenarios in the event that key price levels are invalidated or maintained.

from DailyFX - Market News https://ift.tt/8GAr6LY
via IFTTT

Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US Data

Gold prices could head lower in the near term if strong U.S. economic data lead the Fed to deliver additional monetary tightening in the coming months.

from DailyFX - Market News https://ift.tt/o5LkEbP
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...