Friday, 19 January 2024

Japanese Yen Latest – BoJ Is Watching the Latest USD/JPY Rally with Interest

USD/JPY is a nearing levels that may prompt the Bank of Japan to start talking intervention. Tuesday’s rate decision and the Quarterly Outlook Report remain key for the Yen’s next move.

from DailyFX - Market News https://ift.tt/p7BVM42
via IFTTT

Pound Sterling Latest: UK Retail Sales Contracted in December, GBP/USD Drops

Retail sales volumes fell over the festive period just one month after Black Friday sales prompted a 1.4% rise in November. Full year volumes declined 2.8% - GBP/USD lower

from DailyFX - Market News https://ift.tt/9Ql0bFm
via IFTTT

Thursday, 18 January 2024

US Dollar Stands Tall, Technical Setups on USD/CAD and AUD/USD

This article will explore the technical outlook for USD/CAD and AUD/USD, analyzing important price thresholds that should be on every trader's radar in the coming days and weeks.

from DailyFX - Market News https://ift.tt/JL7lh62
via IFTTT

Yen Scores Small, Nervous Gains On US Dollar In Wait For Japan CPI

The Japanese Yen remains under severe fundamental pressure against its US rival, but got some respite on Thursday

from DailyFX - Market News https://ift.tt/VlItXz8
via IFTTT

ECB Minutes Shift Focus to Wages: EUR/USD, EUR/GBP, EUR/JPY Setups

ECB highlights wage pressures as the next challenge to price stability as workers look to recover from a drop in real wages. EUR/USD, EUR/GBP and EUR/JPY price action setups explored

from DailyFX - Market News https://ift.tt/bcgQ4EZ
via IFTTT

Gold and Silver Under Pressure From Pared Back Interest Rate Cut Expectations

Fed and ECB board members have been on the wires this week trying to temper elevated market rate cut expectations, and this is hitting the price of gold and silver.

from DailyFX - Market News https://ift.tt/WOTm1dY
via IFTTT

Sterling Attempts to Build on Yesterday’s Advance as Data Schedule Cools

Sterling caught a bid yesterday after headline and core measures of inflation beat estimates, forcing a downward revision in rate cut expectations. Monitoring GBP/JPY

from DailyFX - Market News https://ift.tt/5Qzx736
via IFTTT

Wednesday, 17 January 2024

​​​FTSE 100, DAX 40 and Nasdaq 100 Slide amid Pared Back Rate Cut Expectations

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 as US earnings season continues and UK inflation comes in higher-than-expected.

from DailyFX - Market News https://ift.tt/MPLFaAf
via IFTTT

UK Breaking News: CPI Surprises to the Upside, Lifts Sterling

UK CPI rose for the first time since February 2023 with ‘alcohol and tobacco’ contributing the most to the elevated print for December. Services inflation fails to ease

from DailyFX - Market News https://ift.tt/WrBawHm
via IFTTT

Tuesday, 16 January 2024

Gold Prices in Turmoil as Treasury Yields Rebound and US Dollar Dominates

This article delves into the fundamental and technical outlook for gold prices, shedding light on the critical levels to monitor on XAU/USD in the upcoming trading sessions.

from DailyFX - Market News https://ift.tt/AKuDC3B
via IFTTT

US Dollar Reclaims Throne; EUR/USD, GBP/USD, AUD/USD Tank as Sentiment Sours

This article focuses on the technical outlook for EUR/USD, GBP/USD and AUD/USD, analyzing market sentiment and price action dynamics for the upcoming trading sessions.

from DailyFX - Market News https://ift.tt/t4namoT
via IFTTT

Dow & Nasdaq 100 edge lower while Hang Seng hits new 14-month low

While US markets have seen some more small losses, the Hang Seng has lurched to its lowest level since November 2022

from DailyFX - Market News https://ift.tt/1YDfkWi
via IFTTT

EU Breaking News: German Inflation Rises While Sentiment Improves

German inflation rose in December while general economic sentiment continues to make small strides in the right direction despite stagnant growth in Europe

from DailyFX - Market News https://ift.tt/E5PCNyw
via IFTTT

British Pound Update: GBP/USD Edges Lower After Jobs Data, USD Strength

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.

from DailyFX - Market News https://ift.tt/VxNJtuv
via IFTTT

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

from DailyFX - Market News https://ift.tt/7UaVLkK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/7fXyNjv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2gUOByR
via IFTTT

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

from DailyFX - Market News https://ift.tt/fDnk7iS
via IFTTT

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.

from DailyFX - Market News https://ift.tt/ptzh5mJ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/XDO1uGR
via IFTTT

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...