This article examines the technical outlook for major US dollar FX pairs such as EUR/USD, USD/JPY and GBP/USD, dissecting the critical price thresholds that could come into play this week ahead of US inflation data and the Fed’s decision.
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Saturday, 9 December 2023
Friday, 8 December 2023
USD/JPY Weekly Forecast: Markets Peel Back Hopes for BoJ Policy Change
JPY upside may be slowing as NFPs showed a robust US labor market. This week sees the FOMC in action and US inflation to drive volatility.
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Thursday, 7 December 2023
AUD Forecast: Australian Households Managing Tough Financial Conditions, RBA’s Brischetto
AUD prices held onto yesterday’s gains after the RBA’s Brischetto praised the ability of Australian households to meet financial obligations in difficult circumstances.
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US Jobs Report Preview: What’s Next for Gold, US Dollar, Yields & Nasdaq 100?
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the November U.S. nonfarm payrolls report, as the employment data can have a direct impact on the market's assessment of the Federal Reserve's monetary policy path.
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Euro Price Action Setups: EUR/USD, EUR/GBP Post GDP Revision
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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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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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 -...