Crude Oil prices retreated a little on Monday after a string of gains last week took them back to highs not seen for twelve weeks.
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Monday, 29 January 2024
Gold and Silver Push Higher as Middle East Tensions Escalate, FOMC and US NFPs Near
Gold and silver grab a bid after Iranian drone strikes on US service personnel over the weekend, while later this week the latest FOMC decision and US Jobs Report will drive rate cut expectations.
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Asia Update: Evergrande Liquidation Order Fails to Sour the Mood - AUD, CNH
The Australian Dollar and offshore Chinese Yuan saw little impact after a Hong Kong court ruled to liquidate the ailing property giant Evergrande
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Sunday, 28 January 2024
Markets Week Ahead: Fed and BoE Decisions, US Jobs Data, Microsoft, Apple, Amazon Report
A huge week ahead for headline economic data, events, and big tech earnings reports. Volatility is likely to pick up across a range of assets classes.
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Saturday, 27 January 2024
Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USD
This article focuses on gold’s technical outlook, examining important price thresholds that traders may find relevant in the coming days.
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Friday, 26 January 2024
US Breaking News: PCE Reveals Steady Progress Towards Fed’s 2% Target
Core US PCE data made progress but the PCE Price Index remained at 2.6%. USD price action has been contained ahead of a massive week on the economic calendar front
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Euro (EUR/USD) Under Pressure as Markets Push the ECB to Start Cutting Rates Earlier
The ECB left its monetary policy unchanged yesterday, and reiterated that rates cuts were data dependent, but the market seems to have different ideas.
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Thursday, 25 January 2024
US Dollar Forecast: Core PCE to Set Tone, Setups on EUR/USD, GBP/USD and Gold
This article delves into the technical prospects of the U.S. dollar, with a specific focus on analyzing price action dynamics for EUR/USD and GBP/USD. Additionally, the technical outlook for gold is thoroughly examined.
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Gold Price Forecast: Core PCE Data to Guide Markets ahead of Fed Decision
This article focuses on gold’s outlook, analyzing important price levels that could serve as technical resistance or support in the coming trading sessions ahead of the Fed decision next week.
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US Dollar Mixed As GDP Data Smash Forecasts, Gloomy ECB Stands Pat
The United States Dollar was remarkably steady through a fascinating session of economic data on Thursday, suggesting perhaps that all the market cares about at this point is what the Federal Reserve will make of it all.
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ECB Leaves Interest Rates Unchanged, EUR/USD Listless Ahead of Press Conference and US Q4 GDP
The European Central Bank (ECB) played a straight bat at today’s policy announcement, leaving all rates unchanged and giving little away. A currently lackluster EUR/USD needs another driver.
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USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain
The Bank of Canada expressed that interest rates have most likely plateaued but tempered expectations of aggressive cuts by highlighting remaining core price pressures
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Wednesday, 24 January 2024
US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD
This article examines the U.S. dollar technical outlook, with a focus on three major FX pairs: EUR/USD, USD/JPY and GBP/USD.
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US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next
The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days.
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British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest
UK services activity continues to pick up, according to the latest S&P Global PMIs, and that is giving Sterling a boost in the FX market
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Euro Holds Up Despite More Shaky PMIs, ECB Rate Decision Up Next
The Euro managed to hold gains against the United States Dollar on Wednesday despite more worrying news from the Eurozone economy.
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AUD Price Update: Aussie Mulling Latest Chinese Stimulus, AUD Contained
The latest stimulus measure out of China aims to free up bank reserves amid a rout in the local stock market. Aussie dollar contained after the Netflix miss as S&P 500 holds up
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Tuesday, 23 January 2024
Pound Sterling Price Action Setups: GBP/USD, EUR/GBP, GBP/JPY
Reduced budget deficit in December puts tax cuts back on the agenda before the Spring Statement. Sterling could continue its rise with the help of improving PMI data
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Dow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound
US markets are in solid form ahead of major tech earnings this week, and even the Russell 2000 has rediscovered its bullish momentum.
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USD/JPY Slips Lower After BoJ Stands Pat but Hints on Improving Inflation Outlook
USD/JPY is trading around 147.50 in early European trade after the Bank of Japan left all policy dials untouched at its latest meeting but gave a slight hint that inflation may be moving higher.
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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 -...