Monday, 21 August 2023

GBP/USD with Modest Gains but Remains at the Mercy of the DXY

Cable puts in modest gains to start the week buoyed by a weaker Dollar Index (DXY). Will Central Bankers at Jackson Hole provide a catalyst for a breakout?

from DailyFX - Market News https://ift.tt/6XZQ0Ke
via IFTTT

Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low

Outlook on FTSE 100, CAC 40 and Nasdaq 100 as the People’s Bank of China seeks to strike a balance between helping the faltering economy and stemming further weakness in the yuan

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

Sunday, 20 August 2023

Euro Steadies as Hang Seng Tanks on PBOC’s Shallow Cut. Lower EUR/USD?

The Euro eked out small gains to start the week as the US Dollar adjourns it bull run while China’s stimulus measures fall short of expectations. Will EUR/USD support hold?

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

New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups

NZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlook for NZD/USD, AUD/NZD, and GBP/NZD?

from DailyFX - Market News https://ift.tt/4nb0Ucg
via IFTTT

US indices attempt to stabilise, while China’s loan prime rates delivered more modest response: Nasdaq 100, Hang Seng Index, US dollar

Major US indices were subdued to end last Friday, but nevertheless, it reflected an attempt to stabilise following three straight days of heavy losses.

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

Crude Oil Price Wanes with a Higher US Dollar and Treasury Yields. Where to for WTI?

Crude oil prices are slightly softer to start the week with the market looking for a rate cut from the PBOC today to boost China’s economic prospects. Will WTI steady on a better outlook?

from DailyFX - Market News https://ift.tt/bXDwg7W
via IFTTT

Markets Week Ahead: Gold, US Dollar, Nasdaq 100, Treasury Yields, Jackson Hole, China

Surging Treasury yields pushed down gold prices as the US Dollar outperformed and equity markets wobbled. Ahead, all eyes are on the Fed’s Jackson Hole Symposium as markets continue watching economic developments out of China.

from DailyFX - Market News https://ift.tt/Tc8yIzU
via IFTTT

XAU/USD Price Forecast: Is the Tide Turning for Gold?

Gold prices looks to a big data week that includes the Jackson Hole Economic Symposium as XAU/USD bulls look to find some respite.

from DailyFX - Market News https://ift.tt/KnmUX2R
via IFTTT

Friday, 18 August 2023

EUR/USD Price Forecast: Battered Euro May Be in for More Pain

The euro has slumped further ahead of a massive data week next week. EUR/USD now eyes channel support around the 1.0834 handle.

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

Bitcoin (BTC), Ethereum (ETH) Slump to Multi-Month Lows, Volatility Back With a Vengeance

After weeks of sideways, low vol trade, Bitcoin and Ethereum slumped 8%+ in minutes as sellers took complete control of the market

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

EUR/GBP, GBP/USD Update: GBP Slides as UK Retail Sales Disappoints

UK retail sales disappoints following a wet July dragging the British Pound lower in early European trade. More gains in store for the GBP against the Euro and Greenback?

from DailyFX - Market News https://ift.tt/2KMt6yn
via IFTTT

Stock Indices Hit by More China Property Woes​​​

​​Outlook on FTSE 100, CAC 40 and Nasdaq 100 as Evergrande files for bankruptcy protection in the US as the real estate crisis in China deepens.

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

USD/JPY Drops as Evergrande Bankruptcy Application Spurs Safety Bid

Japanese inflation remained elevated but broadly inline with consensus. However, news out of China sees a lift in the yen as investors tap into US treasuries as sentiment sours

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

Thursday, 17 August 2023

US Indices’ Rally is Cracking: S&P 500, Nasdaq Price Action

The upward pressure in the S&P 500 and the Nasdaq 100 index is finally fading -- at least for now. How much more downside for US indices?

from DailyFX - Market News https://ift.tt/Hm3lvhM
via IFTTT

Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?

The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower XAU/USD?

from DailyFX - Market News https://ift.tt/qGydo3r
via IFTTT

British Pound (GBP) Strength Seen in Latest GBP/USD and EUR/GBP Price Action

The British Pound is holding its own against a resurgent US dollar and is pushing ahead against the Euro. Higher UK bond yields underpin the move.

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

USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation?

The Yen continues to struggle with the FOMC minutes leaning on the hawkish side. USD/JPY and EUR/JPY bulls remain firmly in control despite the potential for short-term pullbacks.

from DailyFX - Market News https://ift.tt/9lyI2JR
via IFTTT

Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify

​​Indices have seen further selling, with no end to the pullback yet in sight. ​

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

XAU/USD Forecast: Real Yields Continue to Suppress Gold Prices

Gold prices look to recover after the recent sharp selloff but will need real yields to provide some assistance by pushing lower.

from DailyFX - Market News https://ift.tt/JqP2VBN
via IFTTT

Wednesday, 16 August 2023

HK/China Equities Test the Line in the Sand; Hang Seng, CSI 300 Price Setups

China/Hong Kong equities are testing crucial support areas that could define the trend for the next few weeks, possibly months. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?

from DailyFX - Market News https://ift.tt/AD2alIs
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...