Wednesday, 11 October 2023

USD/CAD Looks Set to Arrest 4-Day Slump, Finding Support at the 20-Day MA

USD/CAD on course to snap a four-day losing streak ahead of US inflation data. Will US Inflation provide fresh impetus for the DXY with another increase or is a drop on the cards?

from DailyFX - Market News https://ift.tt/yGpz3Cj
via IFTTT

Tuesday, 10 October 2023

British Pound Ahead of US CPI: GBP/USD, EUR/GBP, GBP/AUD Price Setups

After weeks of losses, GBP is attempting to rebound as Fed rate hike expectations scale back ahead of the key US inflation and UK GDP data. What is the trend in GBP/USD, EUR/GBP and GBP/AUD?

from DailyFX - Market News https://ift.tt/4DqEg7S
via IFTTT

Australian Dollar Pauses as US Dollar Sinks on a Dovish Fed. Will AUD/USD Reverse?

The Australian Dollar might be at a crossroads after more Fed commentary reiterated the case for a less hawkish stance. Equity markets got a boost, but uncertainty lingers. Lower AUD/USD?

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

Japanese Yen Aided by Fed Pause View, Geopolitics; USD/JPY, GBP/JPY, AUD/JPY

Dovish comments from Fed officials coupled with the violence in Israel and Gaza have put a lid on US Treasury yields, boosting JPY. What is the outlook and what are the key levels to watch in USD/JPY, AUD/JPY and GBP/JPY?

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

US Dollar Faces Reversal Risk Ahead of Inflation Report as DXY Breaks Key Trendline

The US Dollar is not off to a great start this week so far ahead of the highly anticipated inflation report. Will CPI data add further fuel to what appears to be a brewing reversal unfolding in DXY?

from DailyFX - Market News https://ift.tt/lbC7w04
via IFTTT

Australian Dollar Forecast: AUD/USD Takes on Trendline Resistance. What’s Next?

This article focuses on AUD/USD’s near-term outlook from a technical standpoint, dissecting vital price levels that might function as resistance or support in the coming trading sessions.

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

Bitcoin Faces Death Cross as XRP Fails to Capitalize on Appeal Ruling

Bitcoin and Ripple both under selling pressure despite the positive news on multiple fronts for Ripple. Is XRPUSD destined to return to its YTD low?

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

Dow, Nasdaq 100 and Nikkei 225 March Higher

​​Indices have extended their rebound from last week’s lows, and enjoyed a strong session on Monday. Further gains seem likely as the positive seasonality of the fourth quarter begins to take hold. ​

from DailyFX - Market News https://ift.tt/4CQ2IBW
via IFTTT

USD/JPY Price Outlook: Yen Fails to Capitalise on Safe-Haven Appeal

The war in the Middle East prompted a wider flight towards traditional safe-haven assets like gold and US Treasuries but there has been little impact on the yen

from DailyFX - Market News https://ift.tt/rCby5gc
via IFTTT

Monday, 9 October 2023

Euro Holds Ground as US Dollar Faces Headwinds on a Dovish Fed. Higher EUR/USD?

The Euro is little changed today despite the US Dollar sliding after Federal Reserve speakers stoked a less hawkish path citing higher Treasury yields. Where to for EUR/USD?

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

S&P 500 & Nasdaq Rebound from Key Support; How Much More Upside?

Despite the escalation in geopolitical tensions, US indices have rebounded from key support after an apparent dovish shift by Fed officials. However, rising US real yields/cost of borrowing pose constraints on the upside.

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

Gold Price Rallies as US Dollar Slips and Volatility Ticks Up. Higher XAU/USD?

The gold price leapt higher again overnight as the markets contemplate the ramifications of increasing conflict in the Middle East and a US Dollar under pressure. Will XAU/USD gain further?

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

Crude Oil Price Surge in Focus After Hamas Attacked Israel, Retail Bets Remain Bullish

Crude oil prices gapped and finished Monday 4.35% higher after Hamas’s attack on Israel generated potential supply disruption woes. Retail bets remain net-long. What are key levels to watch?

from DailyFX - Market News https://ift.tt/AN239BR
via IFTTT

Dollar Index (DXY) Retreats Helping USD/JPY Tick Lower, 145.00 Incoming?

USD/JPY Continues to edge lower as last week's bond buying spree from the BoJ appears to have run its course. Are we finally in for a retracement?

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

OPEC Raises Demand Forecast as Middle East Tensions Boost WTI/Oil Prices, What Now?

Oil prices have risen on concerns of supply disruptions as tensions in the Middle East continue to roil markets. Is an Oil Embargo akin to 1973 a possibility?

from DailyFX - Market News https://ift.tt/Pds5RqX
via IFTTT

Gold (XAU/USD) Jumps on Safe Haven Bid as Middle East Conflict Intensifies

Gold is being pushed higher, boosted by a strong safe haven bid, after the surprise Hamas attack on Israel over the weekend.

from DailyFX - Market News https://ift.tt/d4xFuPT
via IFTTT

FTSE 100, DAX 40 and S&P 500 Gap Lower on Middle East Conflict​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as military conflict plagues Israel and the Gaza strip 50 years after the fourth Israel-Arab war.

from DailyFX - Market News https://ift.tt/7RKS4er
via IFTTT

GBP/USD Price Forecast: Souring Risk Sentiment Shackles Pound

The pound trades on the backfoot as safe haven demand sees the USD bid as tensions in the Middle East rise. UK GDP and US CPI inf focus later this week.

from DailyFX - Market News https://ift.tt/ILX1qjP
via IFTTT

Crude Oil Reverses Recent Losses as Markets Recalibrate after Israeli Invasion

WTI crude oil ran higher today along with the US Dollar as markets contemplate the consequences of the hostilities toward Israel over the weekend. Will it drive WTI higher?

from DailyFX - Market News https://ift.tt/46hkMZ1
via IFTTT

Sunday, 8 October 2023

Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

The Australian Dollar slipped to start this week after the US Dollar bounced on haven status and higher Treasury yields and bond spreads might impact further. Will AUD/USD?

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