This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date
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Sunday, 7 April 2024
Saturday, 6 April 2024
US Dollar’s Outlook Rides on US Inflation Data - EUR/USD, USD/JPY, GBP/USD
The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations.
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Friday, 5 April 2024
Japanese Yen (USD/JPY) On Edge After Official Verbal Intervention, NFPs Next
Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen.
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Thursday, 4 April 2024
EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation
This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in the coming days.
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Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs
EUR/USD, USD/JPY, and GBP/USD are among the most heavily traded currency pairs in the forex market. Each pair boasts unique characteristics and dynamics, demanding tailored trading approaches.
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Common Mistakes to Avoid when Trading Forex or Any Other Assets
Trading in financial markets can be rewarding, but it's also fraught with risks. Many beginners, and even experienced traders, often fall into common traps that can lead to losses. Understanding and avoiding these mistakes is crucial for long-term success and consistency.
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Dow, Nasdaq 100 and Hang Seng Look to Push Higher
Indices have recovered from their lows of the week, with US indices potentially looking at fresh record highs in the near future
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Euro Update: Weaker US Activity Data Helps the Euro Reclaim Lost Ground
The euro has found its feet after slower US PMI data and a more dovish message from the Fed resulted in higher moves for both EUR/USD and EUR/CHF
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Wednesday, 3 April 2024
Decoding Fedspeak: How Central Banker Comments Move Markets – Gold & US Dollar
In the world of finance, words can sometimes be as powerful as actions. Known as "Fedspeak", the speeches, statements, and even subtle remarks made by key figures within the Federal Reserve can cause significant ripples or even tidal waves across global markets.
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US Dollar Sinks on Weak Data & Powell’s Remarks, Jobless Claims Eyed Before NFP
The U.S. dollar moved lower on Wednesday, pressured by a combination of weaker-than-expected economic figures and dovish signals from Federal Reserve Chair Jerome Powell.
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US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put
The oil market is on a tear this year, but prices’ long rally is starting to look as if it might need a rest.
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Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks
The second quarter of the year looks set to bring renewed volatility to a wide range of assets classes as a slew of central banks look set to pull the trigger on interest rate cuts.
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Gold Price Achieves Another All-Time High as Safe Haven Appeal Ramps up
Gold volatility has been on the rise, buoyed further by the recent escalations in Russia and the Middle East adding to the metal’s safe haven appeal
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Tuesday, 2 April 2024
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD
The upcoming release of the March U.S. jobs report is set to inject considerable volatility into financial markets and could have a decisive impact on the performance of the U.S. dollar in the near future.
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Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East
A drone strike on Russian oil infrastructure and Israel’s targeted attack on the Iranian embassy in Damascus helped maintain oil’s recent rise ahead of the OPEC meeting
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British Pound Bounces As Manufacturing Scrapes Back Into Growth
Sterling was knocked by some surprise strength in US output and remains under pressure despite some domestic expansion.
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US Dollar Rallies, EUR/USD Slumps, Gold Continues to Push Ever Higher
The US dollar is trading at a multi-month high after data showed that inflation in the US is creeping higher. Despite higher US Treasury yields, gold continues to eye a fresh record high.
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Monday, 1 April 2024
Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD, NZD/USD Biased Lower
This article meticulously examines retail sentiment on gold, AUD/USD, and NZD/USD, analyzing potential outcomes using contrarian indicators.
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SPY and QQQ Seem Overbought but RSP Looks Attractive
After a blazing start to 2024, led by AI-fueled tech enthusiasm and the Fed's dovish pivot, U.S. stocks might have further room to run. However, high valuations demand that traders and investors alike become more selective.
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Q2 Top Trade - Sell 10 Year UK Gilt Yields
The Bank of England (BoE) turned dovish in the past few days and this means that a UK interest rate cutting cycle is on the way, and perhaps sooner than financial markets originally anticipated.
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...