The drastic drop in the US services ISM report brought an end to the recent USD/JPY lift. Now the pair has to contend with the 200 SMA and channel support ahead of US CPI
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Tuesday, 9 January 2024
Monday, 8 January 2024
Gold Price Forecast: XAU/USD’s Trend Hinges on US Inflation Data. What Now?
This article focuses on gold’s near-term outlook, analyzing closely the fundamental and technical factors underlying recent market moves for the precious metal.
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US Dollar Reverses Lower Before US CPI, Setups on EUR/USD, GBP/USD, USD/JPY
This article focuses on the technical outlook for EUR/USD, GBP/USD and USD/JPY, examining major price thresholds that could act as support or resistance in the coming days ahead of U.S. inflation data.
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FX Focus: DXY and GBP/USD in the Spotlight Ahead of CPI and GDP Prints
The US dollar index and particularly cable demand attention this week ahead of US inflation and UK GDP data. The greenback’s sluggish start to the week entertains bearish potential
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FTSE 100, DAX 40 and Nasdaq 100 Hold above Last Week’s Lows
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of US CPI and start of earnings season.
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Gold Price Update: XAU/USD Testing Recent Lows, Geopolitical Tensions Remain
Gold starts the week on the backfoot despite ongoing tensions in the Red Sea. US rate expectations still suggest six cuts this year but Thursday’s US inflation report may test this forecast.
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Sunday, 7 January 2024
Markets Q1 Outlook: Gold, Stocks, EUR/USD, GBP/USD & USD/JPY Eye Fed, US Yields
Different and complex market dynamics are likely to play out in the first quarter of the new year, creating attractive trade opportunities and setups for key assets, including gold, stocks and the U.S. dollar.
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US Dollar Q1 Technical Forecast – Setups on DXY, EUR/USD, USD/JPY, GBP/USD
This article centers on the Q1 technical outlook for the U.S. dollar, delving into key FX pairs like EUR/USD, USD/JPY, and GBP/USD while dissecting price action dynamics that may provide insight into the market trajectory.
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Equities Q1 Fundamental Outlook: Rate Cuts and Geopolitics in Focus
This article focuses on analyzing the Q1 fundamental outlook for U.S. equity indices, delving into crucial catalysts that may spur volatility and determine the stock market trajectory in the coming months.
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Saturday, 6 January 2024
Gold, Silver Q1 Technical Forecast: Price Action Setups for the Near Term
The article focuses on the technical outlook for gold and silver in the first quarter, analyzing price action dynamics and interesting trading setups that could signal bullish continuation patterns.
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Japanese Yen Q1 Fundamental Forecast: Yen Likely to Gain, But Thanks to Fed, Not BoJ
This article places its focus on the Q1 fundamental outlook for the Japanese yen, examining pivotal catalysts that could mold the currency's trajectory over the next three months.
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Crude Oil Q1 Technical Forecast: Broad Trading Range Looks Set to Stick
This article centers on the Q1 technical outlook for oil, closely scrutinizing both price action dynamics and market sentiment to unveil insights into the next big possible moves.
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Euro Q1 Fundamental Forecast: Euro Reveals Green Shoots of Optimism
This article concentrates on the Q1 fundamental outlook for the euro, delving into pivotal catalysts that may shape the currency's trajectory in the upcoming months.
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Friday, 5 January 2024
Bitcoin Q1 Technical Outlook: Chart Signals Remain Constructive
Bitcoin had a strong performance in 2023, with the bottoming-out pattern between November 2022 and January 2023 prompting a wave of higher lows and higher highs. This trend may extend into Q1, 2024.
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Australian Dollar Q1 Fundamental Forecast: Monetary Policy Will Take Center Stage
This article zeroes in on the Q1 fundamental outlook for the Australian dollar, investigating key catalysts that could serve as guiding forces for the currency in the months to come.
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FTSE 100, CAC 40 and Nasdaq 100 Remain under Pressure
Outlook on FTSE 100, CAC 40, Nasdaq 100 ahead of US Non-Farm payrolls.
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Gold Price Latest: XAU/USD Seeks Guidance from US NFP Release
Gold is ignoring ongoing geopolitical threats and market de-risking and is waiting for the monthly US Jobs Report later in the session
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Thursday, 4 January 2024
US Jobs Report Preview: What’s in Store for Gold, the US Dollar and Stocks?
Gold prices, Treasury yields, the U.S. dollar and stocks will be quite sensitive to the December U.S. nonfarm payrolls report, as jobs data can have a direct impact on the Fed's monetary policy outlook and the timing of the first rate cut.
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US Dollar Wavers Ahead of US Jobs Data, Tech Setups on USD/JPY, AUD/USD, Gold
This article analyzes the near-term outlook for the U.S. dollar, examining major FX pairs such as USD/JPY and AUD/USD. The piece also scrutinizes the technical profile for XAU/USD
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Euro (EUR) Latest: EUR/USD Picks Up a Small Bid After German Inflation Data
German inflation rose in December on base effects, Destatis data showed today, leaving EUR/USD a touch firmer ahead of tomorrow’s US NFP release.
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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 -...