Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In

This article delves into the reasons behind oil’s recent selloff. The piece also examines the commodity’s technical outlook, analyzing critical price thresholds that should be on every trader's radar in the coming days and weeks.

from DailyFX - Market News https://ift.tt/U3tBLhd
via IFTTT

Bitcoin (BTC/USD) Price Forecast: On the Way to $50K or Retracement First?

Bitcoin takes a breather with key resistance resting at the $45k mark. Will Bitcoin experience a significant pullback as option markets hint at a push toward the $50k handle?

from DailyFX - Market News https://ift.tt/tZKCg9x
via IFTTT

Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support

Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?

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

Yen Price Update: Officials Mum on Policy Overhaul, USD/JPY Consolidates

BoJ officials aren’t prepared to commit to a timeframe when negative interest rates will come to an end. Data is yet to convince the committee to end decades long stimulus and USD/JPY consolidates ahead of NFP

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

Euro Price Forecast: EUR Threatened by Dovish ECB & Bleak Forecasts

EUR prices stay depressed as markets digest less aggressive commentary from ECB officials as rate expectations see cuts in the first quarter of 2024.

from DailyFX - Market News https://ift.tt/Fl83mja
via IFTTT

Nasdaq 100 Up After Support Rejection, Gold Down Despite Collapse in US Yields

In this article, we analyze the technical outlook for the Nasdaq 100 and gold prices, examining major price levels that could act as support and resistance later this week.

from DailyFX - Market News https://ift.tt/Uqp5uEe
via IFTTT

US Dollar Setups: USD/JPY Gains as GBP/USD Trends Lower, AUD/USD Hammered

This article focuses on the technical outlook for USD/JPY, GBP/USD and AUD/USD, taking into account recent price action dynamics as well as prevailing market sentiment.

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

AUD Breaking News: RBA Holds Rates, Aussie Dollar Slips

AUD prices weakened against the USD after the RBA decided to maintain current rates as inflation and wage growth looks to be softening.

from DailyFX - Market News https://ift.tt/eJYi1ka
via IFTTT

Gold Clobbered after Fakeout; EUR/USD, Nasdaq 100 Hit by Rebound in US Yields

In this article, we scrutinize the technical outlook for gold, EUR/USD and the Nasdaq 100, analyzing major price levels that could come into play throughout the week.

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

GBP/USD Price Forecast: Mixed Technical Signals and a Stronger US Dollar Weigh on Cable

Cable faced selling pressure today thanks to a revival in the US Dollars haven appeal. Looking ahead and developments around the US Dollar is likely to be the major driving force of GBPUSD for the rest of the week.

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

US Dollar Flies as US Yields Spring Back to Life, Setups on USD/JPY, AUD/USD

In this article, we analyze the technical outlook for USD/JPY and AUD/USD, taking into account market sentiment and price action dynamics. We also examine key levels that may act as support or resistance later this week.

from DailyFX - Market News https://ift.tt/iOX8ouR
via IFTTT

CAD Price Forecast: Loonie Stalls Ahead of BoC

USD/CAD prices are cautious ahead of US and Canadian economic data with the US dollar possibly looking to make a comeback.

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

Bitcoin (BTC), Ethereum (ETH) Surge to Fresh 18-Month Highs

Bitcoin and Ethereum have broken through prior areas of resistance and are back at levels last seen 18 months ago.

from DailyFX - Market News https://ift.tt/A8gQsf7
via IFTTT

XAU/USD Breaking News: Gold Reaches All-Time Highs

Gold prices almost hit the $2150 level as safe haven demand from increasing tensions in the Middle East. XAU/USD now looks to be in for a breakdown lower.

from DailyFX - Market News https://ift.tt/4NjWu8k
via IFTTT

Markets Week Ahead: Gold in Record Zone as Dow Breaks Out; EUR/USD, USD/JPY Eye NFP

The U.S. ISM services PMI and November U.S. employment data will take center stage this week. These reports are likely to offer invaluable clues about the health of the U.S. economy, which could set the tone for financial markets.

from DailyFX - Market News https://ift.tt/7qOeEs5
via IFTTT

US Dollar’s Trend Hinges on US Jobs Data, Setups on EUR/USD, USD/JPY, GBP/USD

This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD. It also examines key price levels that could come into play ahead of the November U.S. jobs report.

from DailyFX - Market News https://ift.tt/nIo5KXw
via IFTTT

Oil Weekly Forecast: Crude Oil Markets Dissatisfied by OPEC+

Crude oil prices slumped last week after OPEC+ announced voluntary cuts into 2024 as US factors play an important role in short-term guidance this week.

from DailyFX - Market News https://ift.tt/ksfP04o
via IFTTT

Gold Weekly Forecast: XAU Eyes NFP After Powell

Gold prices rallied to end the week well above the $2000 mark as XAU/USD heads into the overbought zone.

from DailyFX - Market News https://ift.tt/Vb9e6fX
via IFTTT

FTSE 100, Dax 40 and S&P 500 Remain Bid as Inflation Slows

​​Outlook on FTSE 100, DAX 40 and S&P 500 following a strong November.

from DailyFX - Market News https://ift.tt/ro6XcAV
via IFTTT

CAD Price Forecast: Loonie Susceptible to Canadian Jobs Report & Fed Chair Powell

USD/CAD prices have reached a key inflection point with a possible upside reversal looming. Canadian employment and Fed speak crucial for short-term guidance.

from DailyFX - Market News https://ift.tt/9ex1DAQ
via IFTTT