Sterling is trading back below 1.2700 after the release of the latest UK jobs and wages data. The US dollar has also picked up an early bid, putting pressure on the GBP/USD.
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Tuesday, 16 January 2024
Monday, 15 January 2024
Gold Price Outlook: XAU/USD Eyes Prior All-Time High Amid Elevated Tensions
Gold continues to build on Friday’s safe haven bid while US yields look to extend the multi-day decline. Lower volume trading expected during Martin Luther King Day in the US
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Euro (EUR) Picking Up a Small Bid in Quiet Trade, US Markets Closed
With US markets closed for the Martin Luther King Jr. Federal Bank Holiday, the Euro is picking up a small bid against a range of currencies.
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FTSE 100, DAX 40 stable as Nikkei 225 Surges Ahead
Outlook on FTSE 100, DAX 40 and Nikkei 225 as the US is shut for Martin Luther King Jn. Day.
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FX Week Ahead: GBP/USD, AUD/USD and USD/JPY
Main considerations for FX markets this week include UK jobs and inflation data, markets just about expecting successive 25 bps cuts from March, and Chinese Q4 GDP
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Sunday, 14 January 2024
Markets Week Ahead: Gold Bid, US Dollar Struggles, US Equities Eye Fresh Highs
A mixed week with US equities continuing to push towards multi-year highs, while oil and gold are bid on escalating geopolitical risk. In the background, the US dollar treads water.
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Saturday, 13 January 2024
US Dollar Forecast: Reversal Possible; Setups on EUR/USD, USD/JPY, GBP/USD
This article explores the week-ahead outlook for the U.S. dollar, examining important catalysts that could guide the performance of key currency pairs such as EUR/USD, GBP/USD and USD/JPY.
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Friday, 12 January 2024
FTSE 100, CAC 40 and Russell 2000 Remain under Pressure following Higher US Inflation Print
Outlook on FTSE 100, CAC 40 and Russell 2000 ahead of US PPI and start of Q4 earnings season.
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Pound Sterling Latest: UK GDP Rose in November but Remains Lacklustre
The pound rose modestly in the moments after November’s GDP data edged expectations to the upside. Longer-term growth trends continue to be a drag
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Thursday, 11 January 2024
Gold Price, Nasdaq 100 at Risk of Larger Correction after Hot US CPI Data. Why?
Gold and the Nasdaq 100 present an unattractive risk-reward profile at present, as sticky U.S. inflation and resilient labor markets could prevent the Fed from delivering the aggressive rate cuts Wall Street is discounting for this year.
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US banks 4Q earnings preview: What to Expect
As per tradition, the 4Q 2023 earnings parade will kick off with the major US banks, starting with JPMorgan, Citigroup, Wells Fargo and Bank of America this Friday.
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Pound Sterling Price Action Setups: GBP/JPY, GBP/USD, EUR/GBP
Sterling is in focus this week as UK GDP data for November is due to be released on Friday and US CPI comes out at 13;30 GMT today. GBP price action setups analysed
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Euro (EUR) Outlook: EUR/USD Remains in Thrall to Upcoming US Inflation Data
With little Euro Area data out for the rest of the week, Euro pairs will be driven by external influences, including today’s US inflation report.
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Wednesday, 10 January 2024
US Inflation Preview: How Will Gold Prices, Nasdaq 100 and the US Dollar React?
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the December U.S. inflation report, as consumer price data can guide the Fed's next policy moves and the timing of the first interest rate cut.
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US Dollar, Yields Mixed Before US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100
This article focuses on the technical outlook for EUR/USD, GBP/USD and the Nasdaq 100, analyzing market sentiment and price action dynamics ahead of upcoming U.S. inflation data.
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Aussie Dollar Rises Despite Second Consecutive Monthly Drop in Inflation
The Australian dollar rose after the monthly CPI indicator revealed lower then expected inflation for November. However, services inflation remains a concern for the RBA
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US Dollar (DXY) Latest: EUR/USD and GBP/USD on Hold Ahead of US CPI
With little of note on the economic calendar today, the US dollar is in a holding pattern ahead of Thursday’s US inflation report. USD-pairs remain listless ahead of the data.
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Tuesday, 9 January 2024
Gold Price and USD/JPY Forecast: US Inflation Outcome to Drive Market Direction
The December U.S. inflation report, due for release on Thursday, is poised to provide clarity on the Fed's monetary policy outlook, helping guide the near-term trajectory of both gold prices and USD/JPY
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EUR/JPY and GBP/JPY Veer Off Bullish Path after Hitting Resistance. What Now?
This article focuses on the technical outlook for EUR/JPY and GBP/JPY, examining critical price thresholds that could act as support or resistance in the coming trading sessions.
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Dow and Nikkei 225 rally, but Hang Seng Slips Lower Again
Falling inflation expectations and Saudi Arabia’s move to cut export prices for oil meant that equities have finally found their footing after a difficult start to the year. However the Hang Seng is once again an outlier, as it falls once again
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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 -...