USD Price Forecast: DXY Faces Barrage of US Data

USD prices trade at a major area of confluence that has held firm since May 2021 as core PCE deflator, durable goods orders and Michigan consumer sentiment looms.

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US Dollar Sinks, Holds on For Dear Life, Setups on Gold, EUR/USD, GBP/USD

This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day

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USD/JPY Price Forecast: USD/JPY May Struggle to Find Acceptance Below the 142.00 mark

USD/JPY tested key support today at 142.00 but a failure to break this level tomorrow could lead to a recovery. Will US PCE data prove to be a much-needed catalyst?

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US Q3 GDP Revised Lower Dragging the Dollar Index Along, Gold Rises

Final reading of Q3 2023 GDP shows US economy grew by 4.9%, downwardly revised from the 2nd estimate of 5.2%. Another positive which adds to rate cut expectations but PCE data tomorrow holds the key.

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Bitcoin (BTC) Eyes a Fresh Multi-Month High, Solana (SOL) Continues to Outperform

Bitcoin is pushing higher again and is close to printing a fresh multi-month high as the cryptocurrency risk on rally continues.

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Dow, Nasdaq 100 and Nikkei 225 Steady after Wednesday’s Losses

Indices hit a brief bout of volatility yesterday, jolting them out of their quiet move higher for a time.

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CAD Price Forecast: Loonie Flirts With Key Support

USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.

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Gold (XAU/USD) Price – Lining Up for a Year-End Rally if US Inflation Cooperates?

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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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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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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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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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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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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