Gold is pushing gently higher and testing old resistance levels ahead of the last major data release of the year, US PCE. Will a benign number give gold another push higher?
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Wednesday, 20 December 2023
FTSE 100 Rallies on Softer Inflation, Dax 40 and S&P 500 Grind Higher Still
Outlook on FTSE 100, DAX 40 and S&P 500 as UK inflations surprises to the downside.
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GBP Breaking News: CPI Miss Aligns UK With Other Economies
GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.
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Tuesday, 19 December 2023
Gold Price Forecast: Bulls Seize Control on Growing Safe Haven Appeal, $2050 Up Next
Gold enjoyed a rally toward the $2050/Oz mark before facing some selling pressure as Fed rate cut expectations continue to sway back and forth. PCE data later in the week could prove key to where Gold prices end the week.
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Dow and Nasdaq 100 hold firm, while Nikkei 225 Rallies
US indices continue to consolidate, but the Bank of Japan’s (BoJ) decision to leave policy unchanged has given the Nikkei 225 a boost.
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Monday, 18 December 2023
AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?
Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.
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Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify
Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?
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USD/JPY Setup Ahead of the Final Bank of Japan Meeting for 2023
Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up
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Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback
German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.
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FTSE 100, Dax 40 and S&P 500 Flatline
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of German Ifo business climate
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British Pound (GBP) Latest: GBP/USD on Hold Ahead of Inflation Report
Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.
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Sunday, 17 December 2023
Market Week Ahead: Gold Regains $2k, GBP/USD, EUR/USD Rally as USD Slides
Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.
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Saturday, 16 December 2023
US Dollar in Peril with Core PCE on Deck, Setups on EUR/USD, GBP/USD, USD/JPY
The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback's recent decline, but strong numbers could trigger a bullish reversal.
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Friday, 15 December 2023
FTSE 100, Dax 40 and S&P 500 Lose Upside Momentum
Outlook on FTSE 100, DAX 40 and S&P 500 amid $5 trillion triple witching
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Cable on Track for Remarkable Recovery after Hawkish BoE Messaging
Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week
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Thursday, 14 December 2023
Gold Price Forecast: Fed Pivot Opens Pathway for New Fresh Record, XAU/USD Levels
Gold prices push higher and defy key technical resistance, driven by falling yields and a weaker U.S. dollar following the Fed's dovish pivot at its December policy meeting.
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US Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPY
This article focuses on the technical outlook for EUR/USD and USD/JPY, examining critical price levels that can act as support or resistance following the recent increase in volatility.
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Wednesday, 13 December 2023
US Dollar Sinks on Fed Dovish Pivot, 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, examining key price levels after the Fed’s dovish pivot.
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GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD
GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?
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Fed Stays Put, Sees Three Cuts in 2024; Gold and US Dollar Take Split Paths
The Fed held interest rates unchanged for the third straight meeting and signaled that it may deliver 75 basis points of easing in 2024, a dovish outcome for U.S. yields and the dollar.
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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 -...