GBP Price Forecast: Pound Tentative as Key UK & US Data Looms

GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.

from DailyFX - Market News https://ift.tt/540Ybht
via IFTTT

Market Week Ahead: Gold Slides, Markets Turn Risk-On, GBP/USD, EUR/USD, Cryptos Jump

A strong end to the week with risk markets popping higher going into the weekend. The VIX ‘fear gauge’ fell by over 7% on Friday and is back testing lows last see in mid-September.

from DailyFX - Market News https://ift.tt/eVsQy5z
via IFTTT

EUR/USD Weekly Forecast: Stern Powell Keeps Pressure on Euro

EUR/USD prices enter the week facing multiple economic data reports including US and euro area CPI.

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

Crude Oil, Mexican Peso Forecast: WTI Eyes $75 Level, Banxico Pivots

WTI crude oil prices are edging toward the $75.00 level.. Israel's decision to enact a cease fire for humanitarian aid has reduced geopolitical risks in the Middle East, exacerbating downward pressure in the energy market.

from DailyFX - Market News https://ift.tt/sTZojM7
via IFTTT

US Dollar Flies on Hawkish Powell - Setups on EUR/USD, USD/JPY, AUD/USD, Gold

The U.S. dollar rallies on rising U.S. yields and hawkish comments from the Federal Reserve chairman, complicating the outlook for the euro, Japanese yen and Australian dollar.

from DailyFX - Market News https://ift.tt/SN1A34L
via IFTTT

Gold, Silver Prices Perk Up, Palladium in Freefall, Key Levels for XAU/USD, XAG/USD

This article examines the near-term outlook for gold and silver prices, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

from DailyFX - Market News https://ift.tt/e7FlGuM
via IFTTT

Canadian Dollar Outlook: BoC Minutes Unable to Propel CAD Ahead of Powell

CAD prices look hesitant despite an aggressive tone shown via the BoC summary of deliberations last night. USD/CAD preps for Fed speak at key resistance level.

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

Australian Dollar Forecast: AUD/USD Extends Bearish Reversal in Fakeout Fallout

AUD/USD rallied strongly last week, clearing key resistance levels, but the breakout appears to have been a fakeout, as the move has led to a sharp bearish reversal.

from DailyFX - Market News https://ift.tt/C7aDgTE
via IFTTT

S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?

US Indices have run into resistance but with a spate of earnings after market close can the rally continue?

from DailyFX - Market News https://ift.tt/F53ZKbf
via IFTTT

Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside

Gold continued its struggle today as the $1950 support area beckons. Will the Bearish momentum continue?

from DailyFX - Market News https://ift.tt/YySic31
via IFTTT

EUR/USD Price Forecast: German Inflation Aggravates Euro Drawback

Euro prices slumped in early European trade after German inflation fell sharply. EUR/USD now looks to Fed Chair Jerome Powell for guidance.

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

Gold, Silver Price Forecast: XAU/USD & XAG/USD May Get Boost from Macro Trends

This article examines the outlook for gold and silver for the coming days, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

from DailyFX - Market News https://ift.tt/kw961GF
via IFTTT

Australian Dollar Price Action Setups: AUD/USD, GBP/AUD Post RBA Hike

The RBA followed through with a rate hike this morning and yet the Aussie Dollar weakened. Where to next for GBP/AUD and AUD/USD?

from DailyFX - Market News https://ift.tt/PwoR9ED
via IFTTT

US Dollar Setups: EUR/USD Defies Support After Pullback, USD/JPY Stands Tall

This article analyzes EUR/USD and USD/JPY from a technical perspective, examining recent price action dynamics and important price levels that deserve attention in the short term.

from DailyFX - Market News https://ift.tt/vgShN6M
via IFTTT

Reserve Bank of Australia (RBA) Hikes Rates by 25bps, AUD/USD Slides Lower

The Australian central bank increased its official borrowing rate by 25 basis points, in line with recent expectations

from DailyFX - Market News https://ift.tt/4U8ktPp
via IFTTT

Nasdaq 100 Goes on Bullish Tear, USD/JPY Perks Up as US Yields Resume Rebound

This article focuses on the Nasdaq 100 and USD/JPY from a technical standpoint, analyzing major price levels that could act as support or resistance in the coming trading sessions.

from DailyFX - Market News https://ift.tt/oKfji2U
via IFTTT

Oil Price Forecast: WTI Remains Vulnerable Below the 100-Day MA

Oil prices failed to hold onto early session gains to fall into red for the day. Further downside looks likely below the 100-day MA

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

Gold Price Forecast: $1980 Support Break Eyed, Do Bears Have the Momentum?

Gold consolidates above a key support area as market participants await further clues. DXY remains key as we have a host of Fed Speakers on the docket which could provide some volatility as the week progresses.

from DailyFX - Market News https://ift.tt/PRt7ndg
via IFTTT

USD/ZAR Price Forecast: Is the Rand Rally Over?

Rand prices faces firm opposition at a key support zone after a sharp appreciation against the USD.

from DailyFX - Market News https://ift.tt/5rl9HUu
via IFTTT

US Dollar (DXY) Sell-Off Continues after US Treasury Yields Collapse

The US dollar continues to move lower and eyes levels last seen nearly two months ago, as rate traders price in 100 basis points of rate cuts in the US next year.

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