Euro Price Forecast: EUR/USD Below 1.05 After ECB’s Sintra Forum Spells Uncertainty

EUR/USD is testing two-week lows after a hawkish Fed and hesitant ECB yesterday. U.S. inflation will be back under the microscope today along with the ECB’s Lagarde. Via DailyFX - Market News https://ift.tt/KjaOn4e

Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'. Via DailyFX - Market News https://ift.tt/Dd8WJlf

Crude Oil Price Slips as ECB Forum Fallout Continues While China Data Beats Forecasts

Crude oil managed to hold ground today after sliding in the previous session as China PMI figures gave the market some good news. Will WTI resume trending up? Via DailyFX - Market News https://ift.tt/Dd8WJlf

Gold Prices Unlikely to Find Support from US PCE Data

Gold prices are nearly unchanged after three days of losses as inflation bets fall. Tonight's PCE inflation data out of the US is unlikely to provide a boost as central bankers look committed to ba... Via DailyFX - Market News https://ift.tt/Dd8WJlf

AUD/USD Bumps Around on China PMI and Good Domestic Data. Where to for AUD/USD?

The Australian Dollar nudged higher on mediocre China PMI data and strong domestic private sector credit growth. Will AUD/USD remain under the pump? Via DailyFX - Market News https://ift.tt/Dd8WJlf

Australian Dollar Faces China PMI Data as Iron Ore Prices Plummet

The Australian Dollar was weighed down by a stronger Dollar and falling iron ore prices. Today's PMI data out of China offers a chance for the Aussie Dollar to recover if the data impresses. Via DailyFX - Market News https://ift.tt/Dd8WJlf

Euro Breaking News: EUR/USD Gains on Positive EZ Consumer Confidence

EUR/USD pushed higher after beating estimates on both the economic and industrial fronts. Euro now eyes the ECB’s Sintra Forum panel later today. Via DailyFX - Market News https://ift.tt/Dd8WJlf

Gold Price Update – Grinding Into Multi-Week Support

Gold is moving lower in early turnover and looks set to test multi-week support in the near future. Via DailyFX - Market News https://ift.tt/Dd8WJlf

Euro Scopes ECB Forum as Risk Appetite Takes a Hit. Where to for EUR/USD?

The Euro continued to slide today ahead of the ECB forum that will see a star-studded line up from the ECB, Fed and BoE. Will they deliver anything for EUR/USD? Via DailyFX - Market News https://ift.tt/ncpM48o

Gold Prices Fall with US Consumer Confidence as Crude Oil Gains on OPEC+ Output Woes

Gold prices fell as crude oil climbed over the past 24 hours. Softer US consumer confidence and OPEC+ output woes were key factors. What is next for XAU/USD and WTI? Via DailyFX - Market News https://ift.tt/ncpM48o

AUD/USD Outlook Mired by Waning Bets for RBA Rate Hike in July

AUD/USD may face headwinds ahead of the Reserve Bank of Australia interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike. Via DailyFX - Market News https://ift.tt/ncpM48o

Bitcoin Prices Tied to Sentiment as APAC Eyes Retail Sales Data

Bitcoin fell overnight alongside US stocks as traders hit the sell button. Market sentiment may rebound in APAC trading, particularly if retail sales data out of Japan and Australia impresses. Via DailyFX - Market News https://ift.tt/ncpM48o

US Dollar Slips Despite Treasury Yield Bump and Crude Oil Jumps on Supply Woes

The US Dollar has eased from its recent peak as gyrations in risk sentiment cut a swath through markets. If the Fed targets inflation and it hits growth, will USD trend up again? Via DailyFX - Market News https://ift.tt/wROGzHy

Crude Oil Forecast: API Data Eyed as Energy Traders Fly at Night Amid EIA Debacle

Oil prices shifted higher through APAC trading after positive economic signs. API data due out tonight may have an outsized impact on prices amid the EIA's technical issues. Via DailyFX - Market News https://ift.tt/wROGzHy

Australian Dollar Hostage to External Factors but RBA Might Have More Work to Do

The Australian Dollar has consolidated as global machinations play out before domestic factors have any say in direction. Will AUD/USD get a lift from a more hawkish RBA? Via DailyFX - Market News https://ift.tt/wROGzHy

USD/JPY Rate to Track Treasury Yields Ahead of US PCE Report

USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71). Via DailyFX - Market News https://ift.tt/wROGzHy

BTC/USD Prices Fall into APAC Trade as Oil and Metals Catch a Bid

Bitcoin prices fell alongside a move lower in US stocks overnight despite encouraging manufacturing data. Asia-Pacific markets may see the risk-off tone carry over today. Via DailyFX - Market News https://ift.tt/wROGzHy

The Bond Market as a Forecasting Tool for Stocks: Four Key Yield Curve Regimes

Traders often use the shape of the yield curve as a leading indicator of the economy and a forecasting tool for equity performance. Here are four key yield curve regimes to know. Via DailyFX - Market News https://ift.tt/wROGzHy

Weekly Fundamental US Dollar Forecast: Fading Rate Hike Odds Bode Poorly

The US Dollar (via the DXY Index) will likely be reminded of the US economy’s weak growth environment in the coming days. Via DailyFX - Market News https://ift.tt/UYWnD0e

Markets Week Ahead: Nasdaq 100, US Dollar, BTC/USD, Crude Oil, PCE Data, Growth Woes

The Nasdaq 100 soared as the US Dollar weakened alongside Treasury yields and Bitcoin stabilized amid early hope that US inflation might be peaking. Crude oil prices retreated amid rising growth wo...

Markets Week Ahead: Nasdaq 100, US Dollar, BTC/USD, Crude Oil, PCE Data, Growth Woes

The Nasdaq 100 soared as the US Dollar weakened alongside Treasury yields and Bitcoin stabilized amid early hope that US inflation might be peaking. Crude oil prices retreated amid rising growth wo... Via DailyFX - Market News https://ift.tt/UYWnD0e

Stock Market Week Ahead: S&P 500 & FTSE 100 Forecast

Global central bank repricing prompts a bear-market rally. Downside risks remain, however.

Stock Market Week Ahead: S&P 500 & FTSE 100 Forecast

Global central bank repricing prompts a bear-market rally. Downside risks remain, however. Via DailyFX - Market News https://ift.tt/UYWnD0e

Bitcoin (BTC/USD) Latest – Mini Bull Rallies in a Bigger Bear Market

Bitcoin is flatlining around the $21k level continuing a muted week of price action. Will the weekend bring a break in the current market lethargy? Via DailyFX - Market News https://ift.tt/UYWnD0e

Euro Weekly Forecast: EUR/USD in Need of a Nudge Ahead of Next Week’s Key Economic Data

The euro came out of the intense week relatively unscathed as it heads into another stacked week full of key economic data while EUR/USD holds above 1.05.

Euro Weekly Forecast: EUR/USD in Need of a Nudge Ahead of Next Week’s Key Economic Data

The euro came out of the intense week relatively unscathed as it heads into another stacked week full of key economic data while EUR/USD holds above 1.05. Via DailyFX - Market News https://ift.tt/UYWnD0e

Australian Dollar May Fall as Global Growth Fears Fester

The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester. Via DailyFX - Market News https://ift.tt/Mb1epah

Australian Dollar May Fall as Global Growth Fears Fester

The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.

Crude Oil Update: Brent Finds Support as Focus Shifts to OPEC+ Next Week

Brent crude prices look to be making a comeback as the OPEC+ meeting looms. Crude oil conditions remains tight in spite of recent downside. Via DailyFX - Market News https://ift.tt/TiUD71e

Japanese Yen Forecast: USD/JPY Bearish as Yields and Oil Drops

Japanese Yen Rises Across the Board as Softer Yields and Oil Prices Underpin. Via DailyFX - Market News https://ift.tt/TiUD71e

4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI. Via DailyFX - Market News https://ift.tt/TiUD71e

The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility. Via DailyFX - Market News https://ift.tt/TiUD71e

When Can S&P 500 Volatility Break a Stock Diversification Strategy? Analyzing the VIX

When S&P 500 volatility is too high, a stock sector diversification strategy can fail. Using the VIX, what levels should traders watch for to identify this risk and what can be done about it? Via DailyFX - Market News https://ift.tt/TiUD71e

AUD/USD Eyes Rebound After Iron Ore Catches Bid on President Xi Commentary

The risk-sensitive Australian Dollar fell overnight despite a rebound on Wall Street and higher iron ore prices. Japan's CPI print is in focus as the APAC session wraps up the trading week. Via DailyFX - Market News https://ift.tt/TiUD71e

How to Control Greed When Trading

Greed can turn good trades into bad ones and bad trades into worse trades. Learn how to manage it. Via DailyFX - Market News https://ift.tt/lCx3H79

EUR/USD Tanks as Shocking PMIs Signal Rising Recession Risks

Notably weak French and German PMIs pressure Euro back to 1.05 Via DailyFX - Market News https://ift.tt/lCx3H79

How to Manage Fear and Greed in Trading

Fear and greed, two drivers that influence our lives, can carry over to trading and be detrimental. Via DailyFX - Market News https://ift.tt/lCx3H79

US Dollar Firms Despite Recession Chat from Fed Chair Powell. Will USD Go Higher?

The US Dollar rose despite Federal Reserve Chair Powell seeing the possibility of a US recession due to rate hikes. If he mentions recession again, will it impact USD? Via DailyFX - Market News https://ift.tt/lCx3H79

May Inflation at 7.7% in Canada, Highest Level Since 1983; USD/CAD Holds Gains

Canada’s annual inflation accelerated to 7.7% in May, the highest level since 1983, raising expectations that the BoC will have to tighten monetary policy aggressively in the coming months. Via DailyFX - Market News https://ift.tt/lhfMRTL

SA40 Forecast: Softer Commodity Prices Weigh on the Index, CPI Breaches 6%

A steady decline in oil, gold and platinum prices weighed on the index as global equities struggle. SA inflation breaches the 6% target, with implications for the ZAR Via DailyFX - Market News https://ift.tt/KOM61uI

Gold Price Update – Sellers in Short-Term Control of XAU/USD

Gold is looking increasingly likely to re-test recent support but traders should be wary of Fed chair Jerome Powell's upcoming testimony on Capitol Hill. Via DailyFX - Market News https://ift.tt/KOM61uI

Canadian Dollar Forecast: USD/CAD Awaits Inflaton and Chair Powell’s Testimony

USD/CAD testing key pivot at 1.30 as traders focus on Canadian CPI and Fed Chair Powell’s speech Via DailyFX - Market News https://ift.tt/KOM61uI

AUD/USD Forecast: Weaker Commodities and Stronger USD Weigh on Australian Dollar

AUD/USD begins the European session on the backfoot with several headwinds suppressing the commodity linked currency as we look forward to Fed Chair Powell’s testimony. Via DailyFX - Market News https://ift.tt/KOM61uI

British Pound: UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher

UK inflation nudged higher in May, keeping the pressure on the Bank of England to take a more aggressive stance on hiking interest rates. Via DailyFX - Market News https://ift.tt/KOM61uI

Crude Oil Price Tanks as Recession Fears Grow Ahead of Fed Chair Powell’s Testimony

Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell's testimony before Congress later today. Will WTI break lower? Via DailyFX - Market News https://ift.tt/KOM61uI

EUR/USD Price Forecast: Will Loose Fiscal Policy + Hawkish Fed Cap Euro Gains?

Potential gas tax relief from the U.S. could aid dollar gains while the EU current account sinks to yearly lows. EUR/USD now braces for Fed Chair Powell’s testimony. Via DailyFX - Market News https://ift.tt/GZB8HpT

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions. Via DailyFX - Market News https://ift.tt/GZB8HpT

British Pound Latest: Inflation, Recession Fears and Strikes Cap GBP/USD Upside

Sterling is fighting against a raft of negative economic scenarios and just for good measure the UK today faces the biggest rail strike in 30 years. Via DailyFX - Market News https://ift.tt/GZB8HpT

Crude Oil Halts Slide as Risk Assets get Amnesty on Biden’s Assessment. Higher WTI?

Crude oil enjoyed some respite today after risk assets found some support after recent turmoil. Is this simply a reprieve or pause in the uptrend for WTI? Via DailyFX - Market News https://ift.tt/GZB8HpT

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important. Via DailyFX - Market News https://ift.tt/GZB8HpT

Australian Dollar Bounces on Hawkish RBA but Iron Ore Weighs Where to for AUD/USD?

The Australian Dollar has drifted higher after the RBA's PR department went into overdrive to justify YCC and explain coming rate hikes. Will AUD/USD grind higher? Via DailyFX - Market News https://ift.tt/GZB8HpT

DAX, DJI and FTSE Push Higher as Risk Assets Catch a Breather

Indices gain on the session,recession fears are still around the corner. Via DailyFX - Market News https://ift.tt/GZB8HpT

Euro Latest – US Dollar Weakness Helps EUR/USD Stabilize

The US dollar is drifting lower in European turnover, helping underpin EUR/USD ahead of Fed chair Powell's testimony later this week. Via DailyFX - Market News https://ift.tt/GZB8HpT

WTI Crude Update: EIA See Demand Growth Return in 2023, Oil Sharply Lower

WTI crude continues last weeks sharp decline as risks of a US recession filter through markets after the Feds 75 bps hike. EIA report sees return to demand growth in 2023 Via DailyFX - Market News https://ift.tt/rEljhxm

S&P 500 Forecast: Rare Occurrence in S&P 500, Peak in Bond Yields?

Outlook becoming a little less bearish for stocks and bonds as oil slides Via DailyFX - Market News https://ift.tt/rEljhxm

British Pound (GBP) Forecast: GBP/USD Unmoved in Early Trade as U.S. Celebrates Juneteenth

Little has changed in GBP/USD price action since last week as traders look ahead to key economic data later this week. Via DailyFX - Market News https://ift.tt/rEljhxm

Bitcoin Breaks Below 20,000 as Fed Hikes Bite Risk Assets. Will BTC/USD Recover?

Bitcoin has come under further pressure as rate rises from the Fed, BoE and SNB last week are starting to add up to a risk asset rout. What will turn BTC/USD around? Via DailyFX - Market News https://ift.tt/rEljhxm

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success. Via DailyFX - Market News https://ift.tt/rEljhxm

Crude Oil Trading Strategies and Tips

Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil? Via DailyFX - Market News https://ift.tt/rEljhxm

Dow Jones, S&P 500 and Nasdaq 100 Outlook for the Week Ahead – Not Looking Good

The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Federal Reserve stepped up efforts tame runaway inflation with a 75bps rate hike. The economic docket is light, but volatility remains ripe.

Dow Jones, S&P 500 and Nasdaq 100 Outlook for the Week Ahead – Not Looking Good

The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Federal Reserve stepped up efforts tame runaway inflation with a 75bps rate hike. The economic docket is light, but volatility remains ripe. Via DailyFX - Market News https://ift.tt/rEljhxm

USD/JPY Outlook: All Eyes on Fed Testimony as BoJ Sticks to Easing Cycle

Developments coming out of the US may influence USD/JPY over the coming days as Chairman Jerome Powell is scheduled to testify in front of Congress.

USD/JPY Outlook: All Eyes on Fed Testimony as BoJ Sticks to Easing Cycle

Developments coming out of the US may influence USD/JPY over the coming days as Chairman Jerome Powell is scheduled to testify in front of Congress. Via DailyFX - Market News https://ift.tt/QRhlxbK

US Dollar Fundamental Forecast: DXY Eyes Powell Testimony, Economic Data

The US Dollar is coming off a busy week of FOMC-filled action, but the economic docket remains full of event risks. Mr. Powell's testimony is among the most important.

US Dollar Fundamental Forecast: DXY Eyes Powell Testimony, Economic Data

The US Dollar is coming off a busy week of FOMC-filled action, but the economic docket remains full of event risks. Mr. Powell's testimony is among the most important. Via DailyFX - Market News https://ift.tt/QRhlxbK

Oil Price Forecast: Sell-Off Looks Overdone, Tight Energy Market Supports Rebound

Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets.

Oil Price Forecast: Sell-Off Looks Overdone, Tight Energy Market Supports Rebound

Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets. Via DailyFX - Market News https://ift.tt/QRhlxbK

Australian Dollar Outlook: Hawkish RBA Underpins AUD for Now

The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher?

Australian Dollar Outlook: Hawkish RBA Underpins AUD for Now

The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher? Via DailyFX - Market News https://ift.tt/VwUg6Kr

Euro Price Forecast: Some Respite for EUR/USD as EU Core Inflation Remains Elevated at 3.8%

The euro received some support after eurozone CPI showed no relief for the region but helped push EUR/USD above 1.05 as we look ahead to U.S. data later today. Via DailyFX - Market News https://ift.tt/VwUg6Kr

USD/JPY Latest: Yen Plummets on BoJ Dovish Stance, Carry Trades Thrive

BoJ concerned by sharp FX moves but not enough to alter monetary policy. The yen appears even more susceptible in the wake of widening interest rate differentials Via DailyFX - Market News https://ift.tt/VwUg6Kr

Swiss Franc Bolts Higher as the SNB, BoE Join the Rate Hike Party While BoJ Dances Alone

The Swiss Franc has mostly held gains resulting from the SNB surprise hike, joining BoE tightening and leaving a dovish BoJ behind. Where to EUR/CHF? Via DailyFX - Market News https://ift.tt/VwUg6Kr

USD/JPY Soars as Bank of Japan Defends Ultra-Loose Policy and Not the Yen, Where to?

The Japanese Yen is being hammered by markets as the Bank of Japan held policy unchanged in June, committing to continue ultra-loose policy despite a tumbling currency. Where to for USD/JPY? Via DailyFX - Market News https://ift.tt/VwUg6Kr

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies Via DailyFX - Market News https://ift.tt/Pnusyvm

Gold Prices Rise as US Dollar Falls on Economic Woes, Where to for XAU/USD?

Gold prices rallied as the US Dollar sank with Treasury yields after disappointing US housing data fueled broader economic woes. Ahead, XAU/USD is eyeing industrial production data. Via DailyFX - Market News https://ift.tt/Pnusyvm

Bank of England Preview: How Will the Pound (GBP) React?

Bank of England seen raising rates by 25bps, GBP remains at risk of a dovish hike given weaker growth outlook. Via DailyFX - Market News https://ift.tt/Pnusyvm

Swiss Franc (CHF) Spikes on Shock SNB Rate Hike, EUR/CHF Heading to Parity?

Swiss Franc Soars as the SNB Delivers First Hike in 15 Years Via DailyFX - Market News https://ift.tt/Pnusyvm

Euro Fails Dithers Despite Weaker US Dollar Post Fed Hike. Where to for EUR/USD?

The Euro gave up some ground despite a softer US Dollar in the wake of the Fed's 0.75% hike ahead of the BoE and SNB decisions. Will EUR/USD resume its downtrend? Via DailyFX - Market News https://ift.tt/Pnusyvm

Gold Price Forecast: XAU/USD May Surrender FOMC Gains on Return of Bond Bears

Gold prices may surrender gains made after the Federal Reserve's rate decision sent Treasury yields lower. However, with more rate hikes ahead, bond bears may return to gold's detriment. Via DailyFX - Market News https://ift.tt/Pnusyvm

Australian Dollar Slips Despite Jobs Data Adding to RBA Hawkish Stance. Will AUD/USD Rally?

The Australian Dollar was relatively unchanged after a low unemployment reading did little to change perceptions. What lies ahead for AUD/USD? Via DailyFX - Market News https://ift.tt/CIZKGbO

Crude Oil Price Eyes June Low amid Rise in US Inventory & Production

The price of crude oil may face a further decline over the coming days if it fails to defend the opening range for June. Via DailyFX - Market News https://ift.tt/CIZKGbO

NZD/USD Price Forecast: Post-FOMC Bounce Hits Snag on Downbeat GDP Data

The New Zealand Dollar rallied overnight against the Dollar following the FOMC decision. However, a downbeat GDP print out of New Zealand may see the rally fade. Via DailyFX - Market News https://ift.tt/CIZKGbO

GBP/USD Price Setup Ahead of Crucial FOMC and BoE Rate Meetings

Later today we could see an aggressive 75 bps hike from the FOMC followed by the reluctant hikers at the BoE on Thursday, as the respective rate hike paths diverge Via DailyFX - Market News https://ift.tt/CIZKGbO

XAU/USD Price Forecast: Tipping Point for Gold as FOMC Looms? Recession Talk and USD in Focus

Spot gold is in for a rollercoaster ride today as the Fed rate decision approaches. A breakout for XAU/USD is also on the cards depending on the FOMC outcome. Via DailyFX - Market News https://ift.tt/CIZKGbO

EUR/USD Spikes on Surprise ECB Meeting to Address Bond Market Rout

ECB calls an ad-hoc meeting to address soaring global bond yields Via DailyFX - Market News https://ift.tt/CIZKGbO

Crude Oil Price Slips but Structurally Supported Ahead of the Fed. Where to for WTI?

Crude oil went a touch lower in Asia today as the US Dollar remains well supported ahead of a Fed meeting that could provide fireworks. Will WTI make a new high? Via DailyFX - Market News https://ift.tt/CIZKGbO

Natural Gas Forecast: LNG Terminal Outage Pressures US Prices, Bolsters EU Prices

US natural gas prices fell while EU prices surged on news that a Texas LNG facility's damage will take months to repair. The 2022 hurricane season poses further potential complications. Via DailyFX - Market News https://ift.tt/CIZKGbO

US Dollar Hardens Up Ahead of the Fed After CPI Headaches Boost Treasury Yields

The US Dollar remains sought after with Fed rate hikes being eyed for extra hawkishness to combat runaway inflation. Will momentum punch US Dollar higher? Via DailyFX - Market News https://ift.tt/OFIqjws

Dow Jones, Nasdaq 100 Forecast: Will a 75bps Fed Rate Hike Restore Market Confidence?

The Dow Jones and Nasdaq 100 are in a precarious state as the Federal Reserve faces a credibility test this week. Will a 75-basis point hike, or more, end up boosting Wall Street? Via DailyFX - Market News https://ift.tt/OFIqjws

Gold Price Approaches May Low After Reversing Ahead of 50-Day SMA

The Federal Reserve rate decision may push the price of gold toward the May low ($1787) if the central bank shows a greater willingness to carry out a restrictive policy. Via DailyFX - Market News https://ift.tt/OFIqjws

British Pound (GBP) Forecast: 50bps Rate Hike Off the Table as UK Unemployment Rises?

The UK’s unemployment miss may hold sway over the upcoming BoE rate decision to maintain a 25bps hike while GBP/USD looks prepared for a push lower. Via DailyFX - Market News https://ift.tt/OFIqjws

US Dollar Rock Solid Amid Market Mayhem Ahead of the Fed, BoE and BoJ

The US Dollar remains in demand despite a soft day in Asia as markets await meetings from the Fed, BoE and BoJ.Will bullish momentum continue for USD? Via DailyFX - Market News https://ift.tt/OFIqjws

Gold Price Forecast: XAUUSD May Break 1,800 on FOMC

Gold prices sank nearly 3% as traders priced in the chance for a 75-basis-point Fed rate hike following Friday's red-hot CPI data. Surging real yields spell more trouble for bullion prices. Via DailyFX - Market News https://ift.tt/OFIqjws

Japanese Yen Steadies Against USD as Bank of Japan is in Focus. Has USD/JPY Peaked?

The Japanese Yen has been weakening since March but looks to be at a crossroads ahead of the Bank of Japan meeting. Will bullish momentum return to USD/JPY? Via DailyFX - Market News https://ift.tt/XVjvDe1

EUR/USD Rate Approaches Yearly Low with Fed Rate Hike on Tap

EUR/USD appears to be on track to test the yearly low (1.0349) as the Federal Reserve is widely expected to implement higher interest rates on June 15. Via DailyFX - Market News https://ift.tt/XVjvDe1

BTC/USD, Australian Dollar Dive as Chance for 75-BPS Fed Hike Spooks Market

Bitcoin prices collapsed overnight alongside US stocks as Federal Reserve rate hike bets started to price in a 75-bps rate hike. The intense risk-off move is likely to bleed over into today's APAC ... Via DailyFX - Market News https://ift.tt/XVjvDe1

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions. Via DailyFX - Market News https://ift.tt/XVjvDe1

Gold Price Hangs Tough as Markets are Pummelled After Shocking US CPI. Higher XAU/USD Ahead?

The gold price got an initial boost from US CPI carnage, but rising yields have taken the shine off it, and the US Dollar is soaring. More consolidation for XAU/USD? Via DailyFX - Market News https://ift.tt/XVjvDe1

Euro Technical Outlook - EUR/USD and EUR/JPY Have Lost Ground but Have Trend Lines Intact. Will They Hold?

The Euro has been slammed against the US Dollar and the Japanese Yen but underlying momentum could resume. Can the Euro find firmer footing? Via DailyFX - Market News https://ift.tt/XVjvDe1

The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions. Via DailyFX - Market News https://ift.tt/kHIJndV

Australian Dollar Faces Chinese Lockdown Risk as Yen Preps for BOJ

The Australian Dollar may continue to decline against USD after China reinstated Covid lockdowns across Beijing and Shanghai over the weekend. The Japanese Yen faces a potentially noteworthy week. Via DailyFX - Market News https://ift.tt/kHIJndV

S&P 500 & FTSE 100 Forecast for the Week Ahead

Equities slump after Hot CPI. Rally Sellers Remain Dominant Via DailyFX - Market News https://ift.tt/kHIJndV

Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

The Japanese Yen's descent continued last week after an inflation print firmed up the US Dollar. A dovish Bank of Japan is unlikely to take action despite the extreme weakness. Will JPY fall further?

Euro Forecast: EUR/USD Now Turns to the Fed and BoE After a Hawkish ECB

The Euro is struggling to rise despite an increasingly hawkish European Central Bank as competition gets stiff between its major peers. Where to for EUR/USD with the Fed’s turn next? Via DailyFX - Market News https://ift.tt/kHIJndV

Swiss Franc Price Forecast: Parity on the Cards for USD/CHF Ahead of SNB Rates Decision

The Swiss Franc's rapid decline of late may be in for further weakness ahead of the SNB and Fed rate decisions respectively, while USD/CHF looks to test 1.00. Via DailyFX - Market News https://ift.tt/vjEIBy1

US Dollar Forecast: Bullish Bias Intact ahead of FOMC, Hawkish Guidance to Boost DXY

The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures.

US Dollar Forecast: Bullish Bias Intact ahead of FOMC, Hawkish Guidance to Boost DXY

The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures. Via DailyFX - Market News https://ift.tt/vjEIBy1

Bitcoin fails to recover as elevated inflation weighs on sentiment

Bitcoin prices suffered after US CPI rose to a four-decade high. With fundamentals currently driving price action, the economic calendar remains key for digital assets.

Bitcoin fails to recover as elevated inflation weighs on sentiment

Bitcoin prices suffered after US CPI rose to a four-decade high. With fundamentals currently driving price action, the economic calendar remains key for digital assets. Via DailyFX - Market News https://ift.tt/vjEIBy1

US Inflation at 8.6% in May, Blows Past Estimates and Hits Highest Level Since 1981

May U.S. CPI rose 1% on a seasonally adjusted basis and 8.6% over the last 12 months, a sign that the Fed has a long way to go to tame inflation and bring it back to the 2% target. Via DailyFX - Market News https://ift.tt/gFfnhU7

FTSE, DAX Price Forecast: Rate Hikes Take Center Stage as Equities Suffer

UK and European indices have taken a beating as rising inflation, yields and interest rates further complicate a low growth environment Via DailyFX - Market News https://ift.tt/gFfnhU7

US Dollar Gains Upside Momentum Ahead of US CPI Test

USD recovers, Euro breaking lower. CPI presents key risk to markets Via DailyFX - Market News https://ift.tt/gFfnhU7

Euro Price Forecast: Euro unable to Capitalize on Yesterday’s ECB, EUR/USD Tests 1.06

After markets hyped up the ECB meet yesterday, EUR/USD reacted negatively to the muted stance from the central bank and could be exacerbated by U.S. CPI later today. Via DailyFX - Market News https://ift.tt/gFfnhU7

Gold Prices at Risk as All Eyes Turn to US CPI Inflation Data

Gold prices appear to be vulnerable as Fed rate hike expectations firm and the US Dollar recovers ahead of May’s US CPI inflation data. It will set the stage for next week’s FOMC meeting. Via DailyFX - Market News https://ift.tt/gFfnhU7

US Dollar Takes Flight as Risk Assets Tank Ahead of US CPI Data. New Highs for DXY?

The US Dollar has gained traction as Treasury yields run higher with inflation concerns growing ahead of US CPI data. Will the USD (DXY) index keep ascending? Via DailyFX - Market News https://ift.tt/gFfnhU7

Nasdaq 100 Sinks as ECB Turns More Hawkish. ASX 200 at Risk, Eyeing China CPI Data

The Nasdaq 100 and tech stocks tumbled as the ECB, another major central bank, turned more hawkish. Australia’s ASX 200 is looking vulnerable, eyeing Chinese lockdowns and CPI data. Via DailyFX - Market News https://ift.tt/gFfnhU7

Australian Dollar Falls on Return of Chinese Lockdowns Ahead of US CPI

The risk-sensitive Australian Dollar fell against the US Dollar overnight after sentiment took a hit after China took a step back on its "Zero-Covid" policy. Traders are preparing for tonight's US ... Via DailyFX - Market News https://ift.tt/gFfnhU7

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX. Via DailyFX - Market News https://ift.tt/5WBPjHt

British Pound (GBP) Forecast: EUR/GBP at the Mercy of ECB

EUR/GBP awaits the ECB interest rate decision and press conference later today for directional bias, while key technical chart patterns unfold. Via DailyFX - Market News https://ift.tt/5WBPjHt

Crude Oil Price Punches Higher while Stocks, Bonds and Yen Suffer Ahead of ECB

Crude oil prices continue to hold the high ground and the Japanese Yen weakened further as the market awaits the ECB rates decision. Will WTI make a new high? Via DailyFX - Market News https://ift.tt/5WBPjHt

Gold Price Forecast: XAU May Fall on Rising Oil and US Dollar

Gold prices continue to languish as a strong US Dollar and rising oil prices weigh on the precious metal. The potential for further losses is on the table as prices near critical technical support. Via DailyFX - Market News https://ift.tt/5WBPjHt

Japanese Yen Sets Sail for New Lows and the Chinese Yuan May Ebb That Way as Well

The Japanese Yen has snapped out of the range against the US Dollar, and it could put pressure on USD/CNY. Will USD/JPY break above 135 and visit 150? Via DailyFX - Market News https://ift.tt/5WBPjHt

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips. Via DailyFX - Market News https://ift.tt/5WBPjHt

Euro Price Forecast: Hawkish ECB on the Cards for EUR/USD Tomorrow?

EUR/USD braces itself for tomorrow’s ECB rate decision as hawkish skepticism grows. Via DailyFX - Market News https://ift.tt/vBDPR5O

Japanese Yen Dives on Rising Rates and Oil Prices, USD/JPY Bullish

Japanese Yen Sell-Off Continues. BoJ Remains the Last of the Doves Via DailyFX - Market News https://ift.tt/vBDPR5O

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions. Via DailyFX - Market News https://ift.tt/vBDPR5O

US Dollar Firms as Favourite Against a Wilting Yen. Where To for USD/JPY?

The US Dollar is higher across the board today as Treasury yields tick up and the Japanese Yen comes under further pressure. How high can USD/JPY go? Via DailyFX - Market News https://ift.tt/vBDPR5O

Gold Price Forecast: US CPI Data Unlikely to Support XAU Prices

Gold prices are muted in APAC trading after pacing higher in overnight trading. Bullion traders eye US CPI data due out later this week. Via DailyFX - Market News https://ift.tt/vBDPR5O

Crude Oil Price Pumps Higher as China Eases Restrictions and Russia is Forced to the High Seas

Crude oil holds the high ground as Chinese lockdowns ease, while supply remains tight with Russian oil leaking out over the oceans. Will WTI hit new heights? Via DailyFX - Market News https://ift.tt/vBDPR5O

How to Be a Part Time Trader: Tips on Workflow and Strategy

The 24-hour FX market makes it easier for part time day traders to take advantage of trends. Via DailyFX - Market News https://ift.tt/AK86fLD

British Pound (GBP) Forecast: Political Uncertainty Adds to Gloomy UK Growth Outlook

GBP/USD continues to move sideways after Boris Johnson’s no-confidence vote enhances an already grim expectation of the pound. Via DailyFX - Market News https://ift.tt/AK86fLD

Australian Dollar Roars Higher After RBA Hike by 0.50%. Where to for AUD/USD?

The Australian Dollar spiked after the RBA surprisingly moved the cash rate target to 0.85%, an increase of 0.50%. Will AUD/USD rally from here? Via DailyFX - Market News https://ift.tt/AK86fLD

Crude Oil Price Forecast: Inventory Data in Focus as Demand Side Strengthens

Crude oil prices may rise further this week amid a healthy picture for global demand. Traders are eyeing API and EIA inventory data due out over the next couple of days. Via DailyFX - Market News https://ift.tt/AK86fLD

Gold Price to Eye May Low on Break of Monthly Opening Range

The price of gold may give back the rebound from the May low ($1787) if it snaps the opening range for June. Via DailyFX - Market News https://ift.tt/AK86fLD

Bitcoin Paces Higher Alongside Dollar Ahead of RBA Rate Decision

Bitcoin prices rose alongside US stocks as sentiment modestly rebounded. The Japanese Yen fell to a fresh multi-decade low against the Dollar. APAC traders have the RBA rate decision in their sights. Via DailyFX - Market News https://ift.tt/AK86fLD

Crude Oil Price Rally Plays Out as China Eases Covid Controls. Will WTI Make a New High?

Crude oil prices continued to press higher today as supply issues swirl and the US Dollar gave up some ground. Where to for WTI? Via DailyFX - Market News https://ift.tt/fjHTLpk

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks Via DailyFX - Market News https://ift.tt/fjHTLpk

Australian Dollar Eyes China PMI Amid Fragile Market Sentiment

The Australian Dollar is in focus to kick off the week ahead of today's PMI figures out of China. AUD/USD may rise if China's recent slowdown shows signs of dissipating as Covid restrictions loosen. Via DailyFX - Market News https://ift.tt/fjHTLpk

Markets Week Ahead: Dow Jones, US Dollar, USD/CAD, Euro, ECB, Inflation, Canadian Jobs Report

Markets face another busy week filled with event risks as traders gauge central bank policy and global inflationary pressures. Via DailyFX - Market News https://ift.tt/fjHTLpk

Weekly Fundamental Euro Forecast: June ECB Meeting in Focus

The ECB will likely take the first steps to pave the path towards rate hikes in the second half of 2022. Via DailyFX - Market News https://ift.tt/fjHTLpk

Weekly Fundamental Euro Forecast: June ECB Meeting in Focus

The ECB will likely take the first steps to pave the path towards rate hikes in the second half of 2022.

S&P 500 Forecast for the Week Ahead: Inflation Data to Make or Break the Market

The May U.S. inflation report will be key for the S&P 500 next week. For sentiment to improve meaningfully, the data will have to show that inflationary pressures are easing at a rapid pace.

S&P 500 Forecast for the Week Ahead: Inflation Data to Make or Break the Market

The May U.S. inflation report will be key for the S&P 500 next week. For sentiment to improve meaningfully, the data will have to show that inflationary pressures are easing at a rapid pace. Via DailyFX - Market News https://ift.tt/zsjSHrl

Gold Price Outlook: XAU/USD May Fall as Markets Pivot Back to Inflation Woes

Gold prices remain vulnerable after a solid US non-farm payrolls report underscored the Fed's confidence in the economic outlook. All eyes are on the next US inflation report.

Gold Price Outlook: XAU/USD May Fall as Markets Pivot Back to Inflation Woes

Gold prices remain vulnerable after a solid US non-farm payrolls report underscored the Fed's confidence in the economic outlook. All eyes are on the next US inflation report. Via DailyFX - Market News https://ift.tt/zsjSHrl

US Dollar Fundamental Forecast: USD May Rebound Despite Expected CPI Cooling

The US Dollar moderated following multi-week losses. Traders have US CPI data in focus, but a weaker-than-expected print is unlikely to cool Fed rate hike bets. That may keep the US Dollar firmly s...

US Dollar Fundamental Forecast: USD May Rebound Despite Expected CPI Cooling

The US Dollar moderated following multi-week losses. Traders have US CPI data in focus, but a weaker-than-expected print is unlikely to cool Fed rate hike bets. That may keep the US Dollar firmly s... Via DailyFX - Market News https://ift.tt/zsjSHrl

Weekly Crude Oil Forecast: OPEC+ Supply, U.S. Dollar and Economic Data in Focus

Crude oil has managed to end the week on high leaving next week open to fundamental forces from both supply and demand-side factors and a resurgent USD.

Weekly Crude Oil Forecast: OPEC+ Supply, U.S. Dollar and Economic Data in Focus

Crude oil has managed to end the week on high leaving next week open to fundamental forces from both supply and demand-side factors and a resurgent USD. Via DailyFX - Market News https://ift.tt/3HBOTA2

Gold Prices Fall as Yields Rise, S&P 500, Nasdaq 100 Pull Back After NFP

It was a positive NFP report but the item on everyone's mind is the FOMC rate decision, with the Fed moving into a 'blackout period' after this weekend. Via DailyFX - Market News https://ift.tt/3HBOTA2

U.S. Economy Adds 390,000 Jobs in May, Unemployment Rate Holds at 3.6%

US employers added 390,000 payrolls in May, versus expectations for a gain of 325,000 jobs, signaling that the labor market continues to tighten despite the Fed’s efforts to cool the economy. Via DailyFX - Market News https://ift.tt/3HBOTA2

EUR/USD Outlook: Record CPI, Declining German PMI Ahead of ECB Meeting

The ECB’s governing council is due to meet next week as inflation reached a 40-year high and German PMI data continues to trend lower. EUR/USD key levels assessed Via DailyFX - Market News https://ift.tt/3HBOTA2

Gold Price Forecast: XAU/USD Shadows Rise in Real Yields Ahead of NFP

Spot gold opened lower this morning as markets anticipate the upcoming NFP release. XAU/USD trades above $1850 for now but could flip dependent on U.S. data later today. Via DailyFX - Market News https://ift.tt/3HBOTA2

Crude Oil Prices May Rise on NFPs after OPEC+ Meeting Boosted WTI to Resistance

Crude oil prices may extend gains from the OPEC+ meeting and EIA inventory data if US non-farm payrolls data disappoints and boosts the S&P 500. Will WTI breach key resistance? Via DailyFX - Market News https://ift.tt/3HBOTA2

Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches. Via DailyFX - Market News https://ift.tt/3HBOTA2

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies Via DailyFX - Market News https://ift.tt/lBVDfvp

AUD/USD Seeks to Maintain Gains After Rosy US Session as NFPs Nears

The Australian Dollar paced higher versus the US Dollar as Wall Street rallied overnight. APAC traders may look to capitalize on that momentum into the weekend. Tonight's US NFP data is on the radar. Via DailyFX - Market News https://ift.tt/lBVDfvp

USD/JPY Price Forecast: BoJ Steadfast as USDJPY Rises Ahead of NFP

BoJ board member Seiji Adachi reaffirmed the Bank’s accommodative stance in light of above target inflation and a depreciating yen. Via DailyFX - Market News https://ift.tt/lBVDfvp

Euro Price Forecast: Euro Finds Support but Downside Risks Remain

A stronger euro does not take away from a more dovish ECB and a mismatch in money market pricing, while the spotlight shifts to U.S. jobs data. Via DailyFX - Market News https://ift.tt/lBVDfvp

Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy. Via DailyFX - Market News https://ift.tt/lBVDfvp

Bank of Canada Delivers Hawkish 50 bp Hike, Pledges to Act Forcefully; USD/CAD Subdued

Bank of Canada raises rates by 50 bp to 1.50% in bid to tackle inflation, signaling that borrowing costs will need to rise further and that the bank is prepared to act more forcefully if needed. Via DailyFX - Market News https://ift.tt/v78o3gs

NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading. Via DailyFX - Market News https://ift.tt/v78o3gs

The New York Session: Forex Trading Tips

When the US session overlaps with the London session it is considered the most liquid period of the day. Via DailyFX - Market News https://ift.tt/v78o3gs

Sterling Price Forecast: GBP/USD Bullish Momentum Stalls Ahead of NFP

In the absence of high impact UK data, we turn to the US for insight into GBP/USD price action. A whole host of Fed speakers, ISM data and NFP data ahead Via DailyFX - Market News https://ift.tt/v78o3gs

Euro Price Forecast: Is the EUR/USD Bear Market Rally Coming to an End?

EUR/USD may be making a turn lower after growth prospects were muted by the Russian oil embargo, while key ECB and Fed speeches are expected later today. Via DailyFX - Market News https://ift.tt/v78o3gs

Canadian Dollar Forecast: BoC to Hike, USD/CAD Falls into Support

BoC risks a hawkish disappointment. USD/CAD testing support Via DailyFX - Market News https://ift.tt/v78o3gs

Crude Oil Dips on OPEC Plans to Ditch Russia and US Dollar Firms. New Highs for WTI?

Crude oil prices tried higher but a report from OPEC saw it slip lower while the US Dollar caught an up draft on higher Treasury yields. Where to for WTI? Via DailyFX - Market News https://ift.tt/v78o3gs

Australian Dollar Slipped Post GDP Amid Rising Risks on Several Fronts. Lower AUD/USD?

The Australian Dollar failed to find support after GDP numbers showed solid growth domestically as risks from Ukraine war, China Covid policy and USD remain. Via DailyFX - Market News https://ift.tt/v78o3gs