Monday, 29 January 2024

Crude Oil Prices Slip After Strong Run, Market Awaits US’ Jordan Response

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.

from DailyFX - Market News https://ift.tt/rYB1lav
via IFTTT

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.

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

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

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

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.

from DailyFX - Market News https://ift.tt/wdSIN8j
via IFTTT

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.

from DailyFX - Market News https://ift.tt/9cnUO61
via IFTTT

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

from DailyFX - Market News https://ift.tt/P6T8Xei
via IFTTT

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.

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

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.

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

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.

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

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.

from DailyFX - Market News https://ift.tt/PsIOb4N
via IFTTT

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.

from DailyFX - Market News https://ift.tt/edQOm8I
via IFTTT

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

from DailyFX - Market News https://ift.tt/Q3wda8A
via IFTTT

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.

from DailyFX - Market News https://ift.tt/hP8oXJb
via IFTTT

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.

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

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

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

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.

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

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

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

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

from DailyFX - Market News https://ift.tt/7oFr5fw
via IFTTT

​​​​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.​

from DailyFX - Market News https://ift.tt/I8hgkxv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/mcJeBtl
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...