Thursday, 28 March 2024

Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last

This article concentrates on the fundamental outlook for the Australian dollar, analyzing market catalysts and key drivers that are expected to exert significant influence on the currency's dynamics in the second quarter.

from DailyFX - Market News https://ift.tt/CuLsHm1
via IFTTT

Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

The Office for National Statistics confirmed that the UK entered into a recession in Q4. GBP held up in Q1 but the threat of sharp declines in inflation may weaken the currency

from DailyFX - Market News https://ift.tt/E4ykhDC
via IFTTT

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure.

from DailyFX - Market News https://ift.tt/X3BM81q
via IFTTT

Wednesday, 27 March 2024

Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts.

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

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter

from DailyFX - Market News https://ift.tt/lKr2Fpi
via IFTTT

FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric was before prior FX intervention

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

Tuesday, 26 March 2024

US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD

The article explores the near-term outlook for the U.S. dollar, focusing on three of the most popular and liquid FX pairs: EUR/USD, USD/JPY and GBP/USD.

from DailyFX - Market News https://ift.tt/C6fjFgk
via IFTTT

Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers

Gold appears upbeat at the start of the week, although, the current move higher is already showing signs of slowing. Silver continues to trade lower, testing a well-known level

from DailyFX - Market News https://ift.tt/0T4PCz2
via IFTTT

Euro Gains Again Despite More Dovish ECB Commentary

The Euro has bounced despite a clear rethink of the once-broadly-held idea that the US will see earlier, deeper rate cuts than the Eurozone

from DailyFX - Market News https://ift.tt/aF7dRBg
via IFTTT

Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off

Cable attempts to claw back losses that ensued after the Fed meeting. Catherine Mann, a more hawkish member of the MPC, detailed why she no longer voted to hike

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

Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies

Bitcoin is back above $70k after rallying sharply over the last three sessions. A fresh attempt at a new ATH is likely ahead of April’s halving event.

from DailyFX - Market News https://ift.tt/8idBh3G
via IFTTT

Monday, 25 March 2024

Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

The price of gold has pushed higher today after last Thursday’s sharp sell-off. Sentiment remains positive and a new ATH is not too far away.

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

British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts

GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.

from DailyFX - Market News https://ift.tt/7v4MgyO
via IFTTT

Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves

The minutes from Tuesday’s BoJ meeting confirmed that the inflation target has not been achieved and that hikes will be measured. FX official unimpressed by volatile yen

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

Sunday, 24 March 2024

Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances

It was a busy week for major central bankers with two major banks altering interest rates. Gold issues a bearish warning, sterling appears deflated and USD reclaims losses

from DailyFX - Market News https://ift.tt/1yCp8sc
via IFTTT

Saturday, 23 March 2024

US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups

This article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth.

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

Friday, 22 March 2024

Oil Update: Russia-Ukraine War Targets Energy Infrastructure

US president Joe Biden has urged Ukraine not to target Russia’s oil infrastructure as it risks sending prices higher. Brent prices appear largely unshaken

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

US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift

The US dollar is pushing higher, helped by Euro and Sterling weakness after Thursday’s BoE rate meeting. Short-dated US Treasury yields though remain anchored.

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

Thursday, 21 March 2024

US Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF

This article delves into retail sentiment on the U.S. dollar across three key FX pairs: USD/JPY, USD/CAD and USD/CHF, exploring current market positioning and potential scenarios based on contrarian signals.

from DailyFX - Market News https://ift.tt/la2b7pz
via IFTTT

Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips

The Bank of England left rates unchanged at today’s meeting but the closely watched vote split turned dovish, sending UK Gilt yields and GBP lower.

from DailyFX - Market News https://ift.tt/UiCme8X
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...