The Euro enjoyed a productive day despite poor fundamental data. Can the gains continue heading into next week's ECB meeting?
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Thursday, 7 December 2023
Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand Concerns
Oil prices continue to slide on Chinese demand and import concerns. Is the YTD low at risk of a retest?
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GBP Price Forecast: UK House Price Index Rises for 2nd Consecutive Month
GBP/USD prices are attempting a pullback as UK house prices surprised to the upside as US labor markets come under the spotlight later today.
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Wednesday, 6 December 2023
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.
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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?
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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?
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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
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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.
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Tuesday, 5 December 2023
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.
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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.
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Monday, 4 December 2023
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.
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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.
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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.
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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.
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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.
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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.
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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.
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Sunday, 3 December 2023
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.
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Saturday, 2 December 2023
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.
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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.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...