Tuesday, 31 October 2023

Nasdaq 100, EUR/USD Forecast: Fed Policy Outlook to Dictate Market Trend

The Fed's monetary policy guidance at its penultimate meeting of the year will help determine the short-term outlook for the Nasdaq 100 and EUR/USD. For this reason, traders should pay close attention to Powell's press conference on Wednesday.

from DailyFX - Market News https://ift.tt/zPTtm0R
via IFTTT

Bitcoin (BTC/USD) Technical Outlook: Golden Cross Pattern Fails to Inspire Higher Prices, What Next?

Bitcoin takes a breath but remains underpinned by Spot ETF hope. Will we remain rangebound ahead if news on the Spot ETF application?

from DailyFX - Market News https://ift.tt/wZJ5pK7
via IFTTT

Nasdaq 100, Dow and Nikkei 225 Make Headway in Morning Trading

Indices appear to have stabilised for now, with gains in both US futures and in the Nikkei 225.

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

AUD/USD Price Forecast: Aussie Dollar Bruised by Chinese PMI’s

AUD prices fell after Chinese manufacturing PMI’s slipped back into contractionary territory as markets look ahead to US CB consumer confidence.

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

Monday, 30 October 2023

USD/JPY Price Forecast: BoJ Meeting to Deliver Another Tweak to YCC Policy? 145.00 Incoming?

The Yen enjoyed some strength today as Nikkei Asia broke a story that the BoJ are debating a further tweak to YCC policy. Will the BoJ follow through and what does that mean for USD/JPY?

from DailyFX - Market News https://ift.tt/DC8UyRO
via IFTTT

S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data Releases

Sentiment has seen a slight improvement to start the week helping risk assets rise. Safe havens on the other hand are experiencing a pullback. Given the risks ahead will the moves prove sustainable?

from DailyFX - Market News https://ift.tt/vG7UNnc
via IFTTT

Pound Price Forecast: Upcoming BoE Expectations Keep GBP Subdued

GBP prices stay suppressed ahead of both the Fed and BoE interest rate decisions later this week.

from DailyFX - Market News https://ift.tt/OIMJyB1
via IFTTT

Sunday, 29 October 2023

Crude Oil Steadies After as Markets Assess Middle East Risks Ahead of the Fed

The crude oil price is struggling for direction as the uncertainty for energy supply going forward weighs on sentiment. US Dollar gyrations are also dominating markets as the Fed decision looms.

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

Canadian Dollar Outlook After BoC Stands Pat: USD/CAD, EUR/CAD, AUD/CAD

CAD is testing the lower end of the past one-year range against USD after BoC governor last week indicated that interest rates may have peaked. What is the outlook for USD/CAD, AUD/CAD, and EUR/CAD?

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

Gold Price Jumps Hurdles Ahead of Fed and Despite a USD Rally. Higher XAU/USD?

The gold price steadied to start the week after climbing to a five-month peak last Friday. The precious metal has overcome higher Treasury yields and a solid US Dollar.

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

Markets Week Ahead: Nasdaq, Gold, US Dollar; FOMC, BOJ, BoE, China PMI, Euro Area Inflation, US Jobs

Key focus in the coming week will be on the Q3 earning season, the Fed, the BOJ, and the BoE interest rate decisions. In addition, geopolitical developments in the Middle East and global manufacturing activity data will be closely watched.

from DailyFX - Market News https://ift.tt/nqzyOZ4
via IFTTT

Friday, 27 October 2023

Japanese Yen (USD/JPY) Testing 150 Resistance Ahead of Bank of Japan Policy Decision

Next week’s Bank of Japan meeting is likely to be one of the most interesting meetings in years as the Japanese central bank mulls tightening monetary policy

from DailyFX - Market News https://ift.tt/m2uyeZD
via IFTTT

Thursday, 26 October 2023

Asian Indices Test Support Ahead of FOMC: Hang Seng, Kospi, Topix Price Setups

Asian equities indices are testing key support ahead of next week’s US FOMC meeting. What is the outlook for the Hang Seng Index, Kospi, and Topix and what are the key levels to watch?

from DailyFX - Market News https://ift.tt/rowe6Kn
via IFTTT

Nasdaq 100 Forecast: Cluster Support in Play after Breakdown. More Pain Ahead?

The Nasdaq 100 broke down after breaching a key technical floor, hitting its lowest level since late May. More pain could be ahead for the technology index if the bulls are unable to defend cluster support in the 14,150/13,930 range.

from DailyFX - Market News https://ift.tt/BeY8JrC
via IFTTT

Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?

Oil prices failed to maintain yesterday's bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?

from DailyFX - Market News https://ift.tt/AIqsN7b
via IFTTT

Wednesday, 25 October 2023

Gold Price Ignores Rising Treasury Yields and a US Dollar Rally. Higher XAU/USD?

The gold price surged toward recent peaks today despite the US Dollar reasserting its ascendency and Treasury yields back on the march higher. Where to for XAU/USD?

from DailyFX - Market News https://ift.tt/C6Agqyv
via IFTTT

Japanese Yen Retests 150 Ahead of BOJ; USD/JPY, GBP/JPY, EUR/JPY Setups

JPY is retesting the psychological 150 mark against the USD ahead of the BOJ’s policy meeting next week. What is the outlook and what are the key levels to watch in USD/JPY, GBP/JPY, and EUR/JPY?

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

US Dollar Forecast: EUR/USD, AUD/USD on Shaky Ground Ahead of US GDP Data

U.S. GDP data will steal some of the limelight on Thursday. A strong report could put upward pressure on bond yields, boosting the U.S. dollar against its major peers, such as the euro and the Australian dollar.

from DailyFX - Market News https://ift.tt/w3BVr7e
via IFTTT

GBP/USD At Risk of Freefall if 1.2000 Psychological Level is Broken

GBP/USD faced a trendline rejection and renewed selling pressure making a return to recent lows. Are we in for fresh lows or a period of consolidation ahead of Central Bank Meetings?

from DailyFX - Market News https://ift.tt/Z9rt4Qo
via IFTTT

Tuesday, 24 October 2023

Australian Dollar Jumps on Shocker CPI Data. If RBA Hike, Higher AUD/USD?

The Australian Dollar leapt higher immediately after headline CPI printed at 5.4% year-on-year to the end of September, adding to potential hike or hikes by the RBA. Will AUD/USD rally?

from DailyFX - Market News https://ift.tt/x7Y9fmu
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...