Thursday, 4 April 2024

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.

from DailyFX - Market News https://ift.tt/21FSDNv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/zFPJk9H
via IFTTT

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

from DailyFX - Market News https://ift.tt/MPSYyR2
via IFTTT

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

from DailyFX - Market News https://ift.tt/wOna4Pl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/S12Y7dD
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/AT7dKt6
via IFTTT

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.

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

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

from DailyFX - Market News https://ift.tt/O6sutlU
via IFTTT

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.

from DailyFX - Market News https://ift.tt/nbrLj3h
via IFTTT

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

from DailyFX - Market News https://ift.tt/vuZFs9m
via IFTTT

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.

from DailyFX - Market News https://ift.tt/xQ4pck2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/nragb04
via IFTTT

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.

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

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.

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

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.

from DailyFX - Market News https://ift.tt/XhI5NZB
via IFTTT

Sunday, 31 March 2024

Top Trading Idea Q2 2024: Long USD/CHF

In Q1 the Swiss National Bank fired the starting pistol for rate cuts while robust US data suggests the dollar will remain well supported in Q2

from DailyFX - Market News https://ift.tt/gyhY6cd
via IFTTT

Markets Q2 Outlook: Gold, Stocks, Bitcoin, US Dollar, Euro, Pound, Yen. What’s Ahead?

The second quarter is gearing up to be an eventful period for central banks and promises a whirlwind of market forces, setting the stage for exciting trading opportunities across currencies, stocks, commodities, and cryptos.

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

US Dollar Q2 Forecast: Dollar to Push Forward as Major Central Banks Eye Rate Cuts

The US dollar performed phenomenally in Q1 - something that is likely to continue but perhaps to a lesser degree now that growth is moderating and rate cuts come into focus

from DailyFX - Market News https://ift.tt/6QZqOIt
via IFTTT

Saturday, 30 March 2024

Gold Q2 Fundamental Forecast: In Neutral Waters - Neither Bullish nor Bearish

This article provides an in-depth analysis of the fundamental outlook for gold prices in the second quarter, examining critical market themes and key drivers that could play a pivotal role in shaping the precious metal's trajectory.

from DailyFX - Market News https://ift.tt/QcVUDA7
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...