3 Trading Exit Strategies – How to Exit a Profitable Trade

Explore 3 trading exit strategies that traders should consider when looking to get out of a trade. Via DailyFX - Market News https://ift.tt/VYDPgI5

Euro Breaking News: Inflation Hits Double Digits as ECB Run Out of Options

Inflation in the Euro Area accelerated with unemployment steady. Can the ECB afford anything less than a 75bp hike? Via DailyFX - Market News https://ift.tt/VYDPgI5

Cable Recovers as Truss, Kwarteng Meet with Fiscal Watchdog. Massive UK GDP Beat

Cable claws back losses ahead of Truss, Kwarteng meeting with the Office for Budget Responsibility (UK fiscal watchdog). UK sentiment improves, gilts stabilize Via DailyFX - Market News https://ift.tt/VYDPgI5

British Pound Back to Breakdown Levels as PM Doubles Down. Will GBP/USD go Lower?

The British Pound made a new weekly high today as markets recalibrate after Bank of England bond buying allayed some anxiety. If UK fundamentals deteriorate, will it sink GBP/USD? Via DailyFX - Market News https://ift.tt/VYDPgI5

Gold Prices Anxiously Await the Fed’s Preferred Inflation Gauge, Will XAU/USD Fall?

Gold prices anxiously await the Fed’s preferred inflation gauge, which could bolster hawkish 2023 policy expectations. This would likely damage XAU/USD. Via DailyFX - Market News https://ift.tt/VYDPgI5

Crude Oil Price Recovery Takes Shape amid Failure to Test January Low

The price of oil may stage a larger recovery over the coming days as crude reverses ahead of the January low ($74.27). Via DailyFX - Market News https://ift.tt/ACKvgxR

AUD/USD Eyes Chinese PMI Data as Prices Approach Recently Surrendered Channel

The Australian Dollar is in focus ahead of Chinese PMI data following a downbeat session on Wall Street. A beat on the data may help revive sentiment. The Reserve Bank of India is also in focus to close out the week. Via DailyFX - Market News https://ift.tt/ACKvgxR

Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets. Via DailyFX - Market News https://ift.tt/ACKvgxR

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA. Via DailyFX - Market News https://ift.tt/ACKvgxR

Crude Oil Forecast: Brent in Limbo as OPEC Meeting Draws Near

Brent crude oil is trading in the red once again this Thursday as a stronger dollar weighs on crude prices. Via DailyFX - Market News https://ift.tt/ACKvgxR

Gold Price Holds High Ground Post BoE Upending Markets. Where to for XAU/USD?

Gold has abated in Asia after a stellar day prior on the back of a deteriorating US Dollar and a drop in yields as the markets recoiled at Bank of England intervention. Will XAU/USD rally? Via DailyFX - Market News https://ift.tt/ACKvgxR

S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable

The S&P 500 managed to end a six-day slide – its worst since the height of the 2020 pandemic – before the index marked another high profile technical break. Seemingly, all it took was a massive stimulus aimed at stabilizing a financial crisis in the UK. But is that the backdrop for a broader recovery? Via DailyFX - Market News https://ift.tt/ACKvgxR

British Pound Bounces as BoE Buying Gilts Stems Havoc for Now. Where to for GBP/USD?

The British Pound is remains under siege despite the Bank of England rolling up their sleeves and buying long-dated bonds to mitigate monetary and fiscal policy disparity. Via DailyFX - Market News https://ift.tt/ACKvgxR

USD/CAD Reveres from Fresh Yearly High Ahead of US PCE Report

An uptick in the US Personal Consumption Expenditure (PCE) Price Index may keep USD/CAD afloat as the Federal Reserve pursues a restrictive policy. Via DailyFX - Market News https://ift.tt/EhwgQxs

Crude Oil Rallies with Gold Prices as Markets Entertain a Less Hawkish Fed After BoE QE

Crude oil prices rallied with gold and the S&P 500 after the Bank of England temporarily restarted quantitative easing. Markets eye a less-hawkish Fed. Are traders setting up for disappointment? Via DailyFX - Market News https://ift.tt/EhwgQxs

British Pound Latest: BoE Announces New Bond Buying Program, Sterling Stutters Then Slumps

The Bank of England blindsided the UK gilt market today by announcing a temporary bond-buying program (QE) designed to keep longer-dated bond yields in check. Via DailyFX - Market News https://ift.tt/EhwgQxs

US Dollar (DXY) Soars on Hawkish Fed Commentary and Rising US Treasury Yields

The US dollar, buoyed by hawkish Fed speak and rising US Treasury yields, is cutting a swathe through the FX markets again. Via DailyFX - Market News https://ift.tt/EhwgQxs

Euro Punches Lower as US Dollar Drives Markets on No Intervention and Fed Hawks

The US Dollar is again off and running after a pause on Tuesday as the Fed states the case for higher rates ad the White House leaves markets to themselves. How low will EUR/USD go? Via DailyFX - Market News https://ift.tt/EhwgQxs

S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’

Markets are still firmly seated in a ‘risk aversion’ trajectory, but the progress for that slide has ebbed – perhaps owing to the absence of a dominant fundamental event risk in the foreground. Meanwhile, the pressure from inflation, recession risks and the Dollar’s extreme pressure are unrelenting. Via DailyFX - Market News https://ift.tt/EhwgQxs

Gold Price Action Echoes Bearish Behavior as APAC Markets Fall

Gold prices are down modestly as APAC markets sell-off. A lull in XAU volatility is unnervingly similar to price action seen over the last few months, setting gold prices up for a potential leg lower soon. Via DailyFX - Market News https://ift.tt/EhwgQxs

Australian Dollar Scuppered as US Dollar Takes the Throne as King of Currency

The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south?The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD south? Via DailyFX - Market News https://ift.tt/EhwgQxs

USD/JPY Rate Approaches Yearly High Ahead of US PCE Report

Fresh data prints coming out of the US may prop up USD/JPY as the Personal Consumption Expenditure (PCE) Price Index is expected to show sticky inflation. Via DailyFX - Market News https://ift.tt/EhwgQxs

Euro Price Forecast: EUR/USD Looks to Test 20-Year Lows, Central Bank Speakers in Focus

EUR/USD looks higher ahead of central bank speakers and U.S. economic data. Via DailyFX - Market News https://ift.tt/9WvPZ2d

Crude Oil Gains Reprieve on US Dollar Pause as Yields Soar. Where to for WTI?

Crude oil steadied today as the US Dollar gave up some ground despite Treasury yields climbing amid market chaos across currencies and bonds. Will WTI find a base? Via DailyFX - Market News https://ift.tt/9WvPZ2d

Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’

The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm. Via DailyFX - Market News https://ift.tt/9WvPZ2d

British Pound on Edge as BoE Does Little to Allay Concerns. Where to for GBP/USD?

The British Pound is under siege as the Bank of England signals no action for now despite fiscal and monetary policy disparity undermining them. Will make GBP/USD make new lows? Via DailyFX - Market News https://ift.tt/9WvPZ2d

Dow Jones Sinks after Sterling Hit Record Low, KOSPI and Hang Seng Index at Risk Ahead

Dow Jones futures slumped as Sterling’s record low further boosted global monetary tightening expectations. The KOSPI and Hang Seng indices are at risk after Wall Street’s plunge. Via DailyFX - Market News https://ift.tt/9WvPZ2d

Chinese Yuan Faces Another Big Test as US Dollar Surge Goes Unchecked

The Chinese Yuan faces another big technical test as the US Dollar continues to cause havoc across the FX space. China’s industrial profits are in focus for today amid a commodity selloff. Via DailyFX - Market News https://ift.tt/9WvPZ2d

S&P 500 Chops Around Following Volatile Overnight Session

US equity markets are choppy on Monday as traders digest cross asset volatility. Via DailyFX - Market News https://ift.tt/uvwepnJ

Gold Price Forecast: Gold Breaks Double Top – Can XAU Bears Run?

Panic has started to show in global markets after last week’s FOMC rate decision and gold price action has went from bad to worse for gold bulls. Via DailyFX - Market News https://ift.tt/uvwepnJ

OECD Interim Report Highlights Persistent Inflation and Higher Rates

The Organization for Economic Cooperation and Development (OECD) released its interim report flagging stubborn inflation, lower growth and higher rates Via DailyFX - Market News https://ift.tt/uvwepnJ

Euro (EUR) Forecast – EUR/USD Slumps to a Fresh 20-Year Low, Ifo Warns of a Recession

‘A bleak mood hangs over Germany’ according to the latest Ifo business climate index with the economy expected to shrink in Q3. Via DailyFX - Market News https://ift.tt/uvwepnJ

GBP Breaking News: Pound Slammed in Asian Session, Markets Look to BoE to Restore Creditability

GBP extended losses from last week in what has been an unusual spate of selling during the Asian session as markets mull over loose fiscal policy and GBP/USD tests 1.00. Via DailyFX - Market News https://ift.tt/uvwepnJ

British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for GBP/USD?

The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything to save GBP/USD? Via DailyFX - Market News https://ift.tt/uvwepnJ

Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

The Japanese Yen lost ground against the US Dollar to start the week as the market questions the ability of the Bank of Japan to hold down rates at the same time as supporting the Yen. Via DailyFX - Market News https://ift.tt/uvwepnJ

Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today. Via DailyFX - Market News https://ift.tt/uvwepnJ

Weekly Fundamental Japanese Yen Forecast: An Uphill Climb

The Ministry of Finance’s efforts are unlikely to produce a lasting reversal in the Yen, so long as the Bank of Japan’s QQE with yield curve control policy remains in place.

Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold Prices, Japanese Yen, British Pound

The Dow Jones and S&P 500 plunged on a still-hawkish Fed last week. The US Dollar roared as Japan had to intervene in the Yen as Sterling dropped to a 1985-low. Gold prices continued lower. Ahead, all eyes turn to the Fed’s preferred gauge of inflation.

US Dollar Roars to New Highs Since 2002 in a Crushing Winning Streak, Where to?

The odds that the US Dollar gained the most since March 2020 last Friday, the odds of that happening were about 0.1%. With new 2002 highs in sight, where too for DXY next?

S&P 500 and Nasdaq 100 Week Ahead Forecast: Stock Market Selloff May Get Uglier

Growing recession fears and rising interest rates are likely to keep sentiment depressed, paving the way for the S&P 500, Nasdaq 100 and Dow to retain a negative bias in the near term.

Euro (EUR) Forecast – EUR/USD Bearish Trend Remains in Complete Control

The Euro’s slide against the US dollar continues and unless data out next week surprises to the upside, EUR/USD will continue to make fresh two-decade lows.

Gold Fundamental Forecast: S&P 500 Direction May Influence XAU Amid Gold-ETF Selling

Gold prices were little changed last week despite surging Treasury yields and a stronger US Dollar. The weekly outlook for bullion may depend on the stock market.

S&P 500, FTSE 100, DAX 40 and Hang Seng Forecast for the Week Ahead

Global equities were a sea of red this past week, but the major indices are in varying states of technical retreat. Where the FTSE 100 is only starting to break lower from persistent congestion, the DAX 40 is at the midpoint of its post pandemic bull trend. Yet, how the S&P 500 fairs ahead may override all other concerns.

Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

Volatility rippled through the financial system this past week with global indices tumbling and the Dollar’s rally amplified through counter-currency struggles. While conditions were still orderly through Friday, we may find financial stability at risk in the week ahead with the wrong prompts. Via DailyFX - Market News https://ift.tt/jKOJnid

Crude Oil Weekly Forecast: $90 the New Resistance for Brent?

Technical analysis shows brent crude possibly in for further downside as $90 looks to trade support for resistance.

US Dollar Strength to Persist with US PCE to Show Sticky Inflation

The update to the US Personal Consumption Expenditure (PCE) Price Index may keep the US Dollar afloat as the report is anticipated to show sticky inflation.

Bitcoin and Ethereum Forecast for the Week Ahead

The post-Fed macro environment continues to be challenging for risk as Bitcoin slips back below $20,000.

Australian Dollar Outlook: Fed Decision Rocks Currency Markets

The Australian Dollar movements remain dependent on US Dollar fluctuations as the Fed’s decision to hike by 75 basis points illustrates the impact of the world’s largest central bank

Crude Oil Update: Central Bank Hikes Weigh on Brent Ahead of Baker Hughes

Brent crude oil continues to fall as fundamental headwinds gain traction. Via DailyFX - Market News https://ift.tt/eixM3gz

Gold Price Outlook – Struggling to Make Any Headway, Further Downside Beckons

US Treasury yields have risen further over the last week as markets price in higher interest rates for longer in the US. And that's not good news for gold. Via DailyFX - Market News https://ift.tt/eixM3gz

Australian Dollar Floored by Booming US Dollar as Rate Hikes Ricochet Through Markets

The Australian Dollar has been hammered in the maelstrom running through markets this week as several central banks make their moves on interest rates. Will AUD/USD hit new lows? Via DailyFX - Market News https://ift.tt/eixM3gz

Japanese Yen Intervention Brings Most Volatile Day Since 2016, Where to for USD/JPY?

The Japanese Yen gained against the US Dollar as USD/JPY saw its most volatile day in over 6 years due to government intervention. What are key levels of support to watch ahead? Via DailyFX - Market News https://ift.tt/eixM3gz

Would a Louder Recession Signal Push the Dow Over the Ledge, Reverse the Dollar?

We have come through a flood of monetary policy from the Fed, BOE, BOJ and others. While the general trend is towards tightening, there is just as much disparity contributing to instability. The fallout I am most concerned over is an indeterminant recession. Our economic status is the primary fundamental focus Friday. Via DailyFX - Market News https://ift.tt/eixM3gz

US Dollar Rally Pauses as Japanese Yen Finds Respite: Asia-Pacific Outlook

Asia-Pacific markets face a risk-off day despite a US Dollar pullback driven mainly by Japanese Yen strength following an intervention in FX markets. Via DailyFX - Market News https://ift.tt/eixM3gz

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CHF, USD/JPY

The US Dollar has had a big week so far and it isn’t over yet as price action is still absorbing the plethora of data that’s come into the picture. Via DailyFX - Market News https://ift.tt/jvQcgNw

GBP Breaking News: BoE Defies Market Estimates with 50bps Rate Hike

The Bank of England unpredictably raised rates by 50bps to 2.25% after an aggressive Fed yesterday. Via DailyFX - Market News https://ift.tt/jvQcgNw

USD/JPY Whipsaws Then Slumps on Official FX Intervention Reports

The Japanese Yen is whipping around in early trade against the US dollar as talk permeates the market of official currency intervention. Via DailyFX - Market News https://ift.tt/jvQcgNw

Swiss National Bank Hikes by 75 Basis Points, EUR/CHF Pops Higher

The Swiss National Bank (SNB) raised interest rates by more than expected today and reiterated that rates could be raised further to ensure price stability. Via DailyFX - Market News https://ift.tt/jvQcgNw

Japanese Yen Spikes Lower as the BOJ Holds Back FX Intervention Threat. Where to Next for USD/JPY?

The Japanese Yen spiked lower as the Bank of Japan stuck close to a familiar script with its monetary policy announcement, cooling worries about FX intervention. Via DailyFX - Market News https://ift.tt/jvQcgNw

Will Dollar and Risk Assets Sift Through the Fed Decision to the Recession Warning?

The Federal Reserve pulled the trigger on a third consecutive, 75 basis point rate hike Wednesday afternoon. After considerable intraday volatility, the implications for high rates and economic troubled settled in for the Dollar and S&P 500. Will the coming wave of central bank updates emphasize the recession threat ahead? Via DailyFX - Market News https://ift.tt/jvQcgNw

Gold Price Defends September Range as RSI Holds Above Oversold Zone

The price of gold may continue to defend the September range as the Relative Strength Index (RSI) appears to be reversing ahead of oversold territory. Via DailyFX - Market News https://ift.tt/jvQcgNw

NZD/USD Trades at Critical Support as APAC Traders Prepare for Bank of Japan

The New Zealand Dollar is trading at a critical support level against the US Dollar after the FOMC decision. Asia-Pacific markets may fall as traders prepare for the Bank of Japan. Via DailyFX - Market News https://ift.tt/jvQcgNw

Breaking News: Mobilization Declaration by President Putin Spooks Markets, Risk Off

President Putin has issued warnings to the West while announcing the deployment of additional troops to Ukraine, resulting in investors fleeing for safety. Via DailyFX - Market News https://ift.tt/rpT8JP6

Canadian Dollar Sinks as US Dollar Climbs Ahead of Fed Conclave. Where to for USD/CAD?

The Canadian Dollar continues to slide as the market prepares for a Fed hike in rates later today that has already boosted Treasury yields and the US Dollar. New highs for USD/CAD? Via DailyFX - Market News https://ift.tt/rpT8JP6

Crude Oil Price Forecast: FOMC, Putin Speech, Inventory Data in Focus

The FOMC is in focus for crude oil traders as markets digest inventory data and prepare for a speech by Russian President Vladimir Putin. Via DailyFX - Market News https://ift.tt/rpT8JP6

FOMC Decision Scenarios and Potential S&P 500, Dollar Impact

We are heading into a trading session principally defined by a heavily weighted event risk: the FOMC rate decision. Whether the central bank hikes 75 or 100 basis points matters for volatility, but the market’s course and tempo moving forward will depend heavily on the Fed’s forecasts and subsequent fundamental focus. Via DailyFX - Market News https://ift.tt/rpT8JP6

USD/JPY Recovery Emerges Ahead of Federal Reserve Rate Decision

USD/JPY may continue to retrace the decline from the yearly high (144.99) as the Federal Reserve is expected to deliver another 75bp rate hike. Via DailyFX - Market News https://ift.tt/rpT8JP6

Gold Prices Brace for the Federal Reserve, Will Chair Jerome Powell Damage XAU/USD?

Gold prices fell alongside the S&P 500 as the US Dollar outperformed. Traders are positioning themselves for the Federal Reserve. Will Chair Jerome Powell cause gold some damage? Via DailyFX - Market News https://ift.tt/rpT8JP6

Euro Goes 1-on-1 with US Dollar as Markets Prep for Rate Hikes from Fed and Elsewhere

The Euro is equal to 1 US Dollar as markets strap in for an abundance of central bank action this week with the Fed being the headline act. Will a Fed hike sink EUR/USD? Via DailyFX - Market News https://ift.tt/uW5YHyh

S&P 500 Volatility, Rising US Yields and Deepening Housing Recession Overshadowed by Fed Wait

There were a few market holidays to start this week, but the fundamental wheels have not stopped turning. With rate speculation and recession fears swelling, the only thing keeping volatility from turning into something bigger may be anticipation for Wednesday’s FOMC rate decision. Via DailyFX - Market News https://ift.tt/uW5YHyh

Gold Prices Hinge on FOMC Decision as Speculators and ETF Traders Sour on XAU

Gold prices are little changed ahead of the Federal Reserve’s interest rate decision. Speculators and ETF traders are losing confidence in the XAU trade as global rates tighten. The BoE and SNB are also on tap. Via DailyFX - Market News https://ift.tt/uW5YHyh

Australian Dollar Steady After RBA Meeting Minutes Ahead of Fed and BoJ

The Australian Dollar is caught up in the whirlwind of central bank actions this week as the RBA meeting minutes support higher domestic rates. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/uW5YHyh

USD/CAD Struggles to Test November 2020 High Ahead of Canada CPI

The update to Canada’s Consumer Price Index (CPI) may keep USD/CAD afloat as inflation is expected to slow for the second month. Via DailyFX - Market News https://ift.tt/uW5YHyh

Nasdaq 100 Manages to Climb Out of a Hole, Will the Nikkei 225 and ASX 200 Follow?

The Nasdaq 100 managed to climb out of a hole to finish in the green on Monday, possibly setting up the Nikkei 225 and ASX 200 for a rosy session. But, will their downside bias persist? Via DailyFX - Market News https://ift.tt/uW5YHyh

EURUSD Dips Below Parity with Dollar Index Leading the Way

Euro remains under pressure as ECB members call for further rate hikes could be in vain with the Fed meeting coming into focus. Via DailyFX - Market News https://ift.tt/ZzEuLyk

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/ZzEuLyk

British Pound Forecast: GBP Trending Lower on UK Bank Holiday

GBP/USD looks to re-test last weeks lows ahead of a key central bank week. Via DailyFX - Market News https://ift.tt/ZzEuLyk

Gold Price Softens Ahead of a Busy Week with Fed, BoE, SNB and BoJ Meetings

The gold price slipped today as the US Dollar firmed ahead of several crucial central bank gatherings this week. If the Fed raise by 75 basis points, where will XAU/USD go? Via DailyFX - Market News https://ift.tt/ZzEuLyk

NIFTY 50 and KOSPI Technical Outlook: Is there more downside?

KOSPI’s downside is getting reaffirmed, while the NIFTY 50 is losing upward momentum. What are the key levels to watch in the short term? Via DailyFX - Market News https://ift.tt/ZzEuLyk

AUD/USD May Rebound as Chinese Lockdowns Ease Ahead of FOMC, BoJ

The Australian Dollar may rebound against the US Dollar this week as lockdowns in China ease, but the upcoming FOMC rate decision will likely dictate broader risk trends. Via DailyFX - Market News https://ift.tt/ZzEuLyk

Markets Week Ahead: Dow Jones, US Dollar, Gold, USD/JPY, GBP/USD, FOMC, BoJ, BoE, SNB

Global equity markets fell last week after a US CPI report boosted FOMC bets. A potentially volatile week lies ahead, with rate decisions from the Fed, BoJ, BoE and SNB due out. Via DailyFX - Market News https://ift.tt/ZzEuLyk

Weekly Fundamental US Dollar Forecast: September Fed Meeting on Tap

Fed Chair Powell may need to deploy an aggressive tone this week to help the US Dollar.

Global Equity Market Outlook: FOMC to Drive Market Sentiment in Week Ahead

Equity markets across the globe plunged last week as Fed rate hike bets drove recession fears. Market sentiment hinges on this week’s FOMC decision. Via DailyFX - Market News https://ift.tt/ZzEuLyk

Japanese Yen Forecast: USD/JPY at Pivotal Point Ahead of Fed, BoJ Rate Decision

USD/JPY volatility is likely to jump in the coming week in response to two high-impact events on the calendar: the monetary policy decision of the Fed and the Bank of Japan. Via DailyFX - Market News https://ift.tt/8lzIfJa

Australian Dollar Outlook: Fed Knights US Dollar King of the World

The Australian Dollar remains hostage to the machinations of the US Dollar as the RBA and the Fed are on similar but slightly different paths. Will rate differentials hit AUD/USD? Via DailyFX - Market News https://ift.tt/8lzIfJa

The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar. Via DailyFX - Market News https://ift.tt/8lzIfJa

Gold Price Forecast Continues to Be Bearish

The same factors continue to drive gold lower, and with it looking to trade below major support it’s poised to continue falling. Via DailyFX - Market News https://ift.tt/8lzIfJa

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum were put through the woodchipper following this week’s hot CPI print. FOMC meeting comes into focus for markets.

How Record Inflation Will Impact the US Midterm Elections

Americans are deeply unhappy with the state of the US economy ahead of midterm elections. Via DailyFX - Market News https://ift.tt/8lzIfJa

Oil Price Forecast: WTI at Major Support- Crude Break Could Fuel Collapse

Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart. Via DailyFX - Market News https://ift.tt/8lzIfJa

S&P 500 and Dollar Could Be Rocked by More than a Big Fed Hike

While I would not argue with the sentiment that the top, singular scheduled event risk on deck for the coming week is the FOMC rate decision, the course of markets like the major indices and US Dollar will likely draw on something more deeply fundamental and visceral. Via DailyFX - Market News https://ift.tt/8lzIfJa

British Pound Weekly Forecast: GBP/USD Could Slump to Multi-Decade Lows

GBP/USD is crumbling under the strength of the U.S. dollar as markets look forward to the upcoming BoE and Fed interest rate decisions Via DailyFX - Market News https://ift.tt/czW0Fkj

WTI Crude Oil Looks to Recover as Strong Dollar and Demand Concerns Weigh; 90.00 Level is Key

WTI Prices could see a rebound heading into the FOMC meeting while demand concerns and persistent US dollar strength could cap gains. Via DailyFX - Market News https://ift.tt/czW0Fkj

GBP Price Forecast: Sterling Slumps Ahead of BoE, Fed and SNB Meetings

The pound struggles to halt recent selling ahead of a week dominated by major central bank meetings. Institutional sentiment reveals continued bearish GBP bets Via DailyFX - Market News https://ift.tt/czW0Fkj

AUD/USD Forecast: Chinese Data Helps Aussie Dollar Stay Afloat

A beleaguered Aussie manages to keep its head above water on the back of Chinese data this morning, while AUD/USD tests the 0.67 support zone. Via DailyFX - Market News https://ift.tt/czW0Fkj

US Dollar Grinds Higher as the Canadian Dollar Drops. Where to for USD/CAD?

The US Dollar held the high ground across the board today, supported by a lift in Treasury yields as markets eye off a jumbo hike from the Fed next week. Further peaks for USD/CAD? Via DailyFX - Market News https://ift.tt/czW0Fkj

Crude Oil and Gold Prices Sink to Support as US Data Keeps a Hawkish Fed in Focus

Crude oil and gold prices fell sharply on Thursday as solid US economic data bolstered the case for a hawkish Fed. Heading into the weekend, traders are eyeing University of Michigan Sentiment. Via DailyFX - Market News https://ift.tt/czW0Fkj

USD/CAD Rebound from 50-Day SMA to Clear September Opening Range

USD/CAD may push towards the November 2020 high (1.3371) as the exchange rate clears the opening range for September. Via DailyFX - Market News https://ift.tt/oUBaOAP

Chinese Yuan Eyes Economic Data as USD/CNH Rises Above Key Level

The Chinese Yuan slipped below the critical 7 level versus the US Dollar, and USD/CNH looks ready for more upside. Chinese economic data is in focus as a risk-off move on Wall Street weighs on APAC markets. Via DailyFX - Market News https://ift.tt/oUBaOAP

British Pound (GBP/USD) Remains Pressured as Key Central Bank Decisions Near

The Federal Reserve and the Bank of England will announce their latest monetary policy decisions next week, and that will ramp up volatility in GBP/USD. Via DailyFX - Market News https://ift.tt/oUBaOAP

Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations

Spot gold is on the backfoot this morning ahead of U.S. retail sales data leaving XAU/USD trading below the key $1700 level. Via DailyFX - Market News https://ift.tt/oUBaOAP

US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention

The US Dollar's robustness remains intact as the market recalibrates Fed rate hike expectations ahead of their meeting next week. Will data later today move get the USD rally going again? Via DailyFX - Market News https://ift.tt/oUBaOAP

S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

Despite the extraordinary volatility - and risk aversion move - that immediately followed the US CPI release, there was little follow through to be found this past session. While we can still navigate into significant activity for risk asset and Dollar-based majors through the immediate future, the market's attention will be anchored on next week's FOMC decision. Via DailyFX - Market News https://ift.tt/oUBaOAP

Gold Prices at Risk as FOMC Bets Firm Up. US Retail Sales May Trigger a Crash

Gold is at risk of crashing with prices below 1,700 as FOMC bets for a 100-basis point rate hike rise. XAU may crash if those bets increase further, with US retail sales providing a possible catalyst. Via DailyFX - Market News https://ift.tt/oUBaOAP

Australian Dollar Chopped Up on Jobs Data as Market Eyes RBA Action. Will AUD/USD Rally?

The Australian Dollar eventually gained traction after jobs data revealed a healthy economy despite an uptick in the unemployment rate. Can AUD/USD continue higher? Via DailyFX - Market News https://ift.tt/oUBaOAP

Crude Oil Price to Test 50-Day SMA on Break Above Monthly Opening Range

The price of oil may push towards the 50-Day SMA ($92.76) if it clears the opening range for September. Via DailyFX - Market News https://ift.tt/3kRuc4C

Japanese Yen Gained After BoJ Hinted Intervention, What Could this Mean for USD/JPY?

The Japanese Yen gained on Wednesday as the Bank of Japan hinted at currency intervention. Will the BoJ keep policy loose in the interim? USD/JPY is eyeing a key trendline. Via DailyFX - Market News https://ift.tt/3kRuc4C

New Zealand Dollar Aims Higher on GDP Surprise as China Eases Lockdowns

The New Zealand Dollar paced higher against the US Dollar after the island nation posted surprisingly strong second-quarter GDP numbers. An easing in Chinese Covid lockdowns is supporting risk taking. Via DailyFX - Market News https://ift.tt/3kRuc4C

Crude Oil Price Dodges US Dollar Strength Post US CPI Surprise. Will WTI Rally?

Crude oil held steady despite the US Dollar gaining strongly after US CPI put any notion of a slowing in the Fed's rate hike path to the sword. Where to for WTI as markets recalibrate? Via DailyFX - Market News https://ift.tt/3kRuc4C

Gold Prices Eye US PPI Data. Is a Big Breakdown Afoot?

Gold prices are steady in Asia-Pacific trading after a sharp overnight drop following US CPI data. Prices are at the long-defended 1,700 level, but a big breakdown is on the cards if US producer prices surprise estimates. Via DailyFX - Market News https://ift.tt/3kRuc4C

Despite S&P 500’s Worst Day in 2 Years, VIX Doesn’t Signal Capitulation

The unexpectedly robust US CPI reading this past session triggered the biggest plunge from the S&P 500 in over two years while the Dollar rallied right back towards its extreme highs. While the data was a surprise, this move speaks more to the market's bias. Further, VIX says the point of capitulation isn't close. Via DailyFX - Market News https://ift.tt/3kRuc4C

ASX 200 Tanks on Tempestuous US CPI Punching Treasury Yields Higher

The ASX 200 has been hammered by a global risk-off storm sweeping markets in the aftermath of a higher than anticipated US CPI that has the Fed in jumbo hike mode. Via DailyFX - Market News https://ift.tt/3kRuc4C

AUD/USD Approaches Monthly Low Ahead of Australia Employment Report

Data prints coming out of Australia may curb the recent decline in AUD/USD as job growth is expected to recover in August. Via DailyFX - Market News https://ift.tt/3kRuc4C

Bitcoin Prices Plummet against CPI-Charged USD as Asia-Pacific Traders Brace for Impact

Asia-Pacific markets are set to fall after Wall Street suffered heavy losses following a hotter-than-expected CPI report. Bitcoin prices may fall more against a strong Dollar as sentiment sours. Via DailyFX - Market News https://ift.tt/rwisRQ1

Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading. Via DailyFX - Market News https://ift.tt/rwisRQ1

Dollar Reversal and S&P 500 Rally Amplify the Focus on Today’s US CPI Release

There is plenty of fundamental trouble under the market's surface, but you wouldn't know it from the S&P 500. The benchmark index has advanced four straight sessions - there are no 5-day moves since November - but VIX was also up on the day. With US CPI on tap, will this move and the Dollar's retreat from two-decade highs find sustainable fuel? Via DailyFX - Market News https://ift.tt/rwisRQ1

Crude Oil Prices Retreat Ahead of Inventory Reports as China Virus Cases Stay High

Crude oil prices are retreating after rising on Monday. China's battle against Covid remains a bearish drag despite a breakdown in talks between Tehran and Washington. US inventory reports are in focus. Via DailyFX - Market News https://ift.tt/rwisRQ1

Gold Price Gains on US Dollar Weakness Ahead of US CPI. Where to for XAU/USD?

Gold has inched higher in a period of US Dollar weakness as the market assesses the prospects of the Fed's rates path ahead of today's all-important US CPI. Higher XAU/USD? Via DailyFX - Market News https://ift.tt/rwisRQ1

USD/JPY Susceptible to Larger Pullback as RSI Sell Signal Emerges

Recent developments in the RSI raises the scope for a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal. Via DailyFX - Market News https://ift.tt/rwisRQ1

Dow Jones Propels Higher Before CPI, Nikkei 225 and Hang Seng Index May Follow

The Dow Jones soared ahead of the US CPI report, opening the door for the Nikkei 225 and Hang Seng Index to start Tuesday’s trading session on an upbeat. Via DailyFX - Market News https://ift.tt/rwisRQ1

AUD/USD Rises on Softer USD as Australian Consumer Confidence Nears

The risk-sensitive Australian Dollar rose against a broadly weaker US Dollar as traders prepared for a decline in US CPI. Australia's consumer confidence data poses a risk to APAC sentiment. Via DailyFX - Market News https://ift.tt/vt9Oxmz

Gold Ootlook: XAUUSD Moves Higher as Dollar Index Continues its Retreat

The precious metal rallied higher in early European trade as the Dollar continued its retreat. Technical roadblocks and US CPI lie in wait Via DailyFX - Market News https://ift.tt/vt9Oxmz

GBP/USD Still Pressured Despite Pullback As USD Markets Look To Fed

The pound has seen modest respite from historic lows as the market focuses on US inflation numbers and what they will mean for the Federal Reserve Via DailyFX - Market News https://ift.tt/vt9Oxmz

AUD/USD Forecast: Aussie Dollar Buoyed on U.S. CPI Expectations, USD on Offer

The Australian dollar begins the week on the front foot as focus shifts to U.S. inflation tomorrow, potentially exposing 0.69 on AUD/USD. Via DailyFX - Market News https://ift.tt/vt9Oxmz

Debt to GDP Ratio by Country: State of Global Debt 2022

The COVID-19 pandemic led governments to spend massively in emergency support, forcing them to run big deficits that have resulted in historically and rising high debt. Via DailyFX - Market News https://ift.tt/vt9Oxmz

Euro Soars: Buoyed by Ukrainian Advance and the Mention of QT from the ECB

The euro surged higher on Monday, extending the recent bullish impetus after last week's post-ECB low. Ukrainian counter offensive & mentions of QT support EUR for now Via DailyFX - Market News https://ift.tt/vt9Oxmz

Crude Oil Drops as Hawkish Fed and ECB Erode Growth Prospects. Where to for WTI?

Crude oil prices fell on Monday as tighter monetary policy lies ahead and geo-political woes continue to plague the outlook for energy while China lockdowns roll on. Can crude recover? Via DailyFX - Market News https://ift.tt/vt9Oxmz

Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs

This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing a multi-decade high. The expectations of historical averages will charge serious anticipation, but our current conditions can result in substantially different market developments. Via DailyFX - Market News https://ift.tt/vt9Oxmz

US Dollar Direction to Dictate Market Sentiment as APAC Markets Eye a Green Open

Asia-Pacific markets look set to trade higher to kick off the week after market sentiment brightened last week on a falling USD. China and central bank rate bets are in focus. Via DailyFX - Market News https://ift.tt/vt9Oxmz

Markets Week Ahead: Nasdaq 100, S&P 500, Gold, US Dollar, British Pound, CPI Data

The Nasdaq 100 and S&P 500 set a rosy tone for the first full trading week of September. The rosy sentiment damaged the US Dollar as the Euro gained following a 75-basis point hike from the ECB. Ahead, gold traders are eyeing the US CPI report as the Sterling awaits UK CPI.

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

US markets are set for a bumpy ride next week with the latest look at inflation and the quarterly triple witching Friday the standout events

Canadian Dollar Forecast: USD/CAD Hinges on US Inflation Data as Fed Weighs Path

USD/CAD will likely track the broader U.S. dollar trend in the coming days, which will undoubtedly be influenced by the August U.S. inflation report due for release on Tuesday.

Euro Fundamental Forecast: EU Emergency Energy Meeting, ECB Aftermath & HICP

The eurozone’s woes continue despite an attempt by the ECB to realign medium-term inflation expectations and boost confidence in the euro. EU sentiment and HICP next week

Gold Price Rebound Vulnerable to Sticky US Inflation

Fresh data prints coming out of the US may curb the recent rebound in the price of gold as the Consumer Price Index (CPI) is anticipated to show sticky inflation.

US Dollar Eyes CPI Data as FOMC Members Go Dark: DXY Weekly Outlook

The US Dollar cooled last week, largely due to Euro strength following a 75-bps ECB rate hike. Traders are watching the US consumer price index (CPI) amid the FOMC blackout period.

Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs

This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing a multi-decade high. The expectations of historical averages will charge serious anticipation, but our current conditions can result in substantially different market developments. Via DailyFX - Market News https://ift.tt/N94T6YO

Bitcoin & Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum continue to benefit from upbeat market sentiment as key hurdles come into view.

Australian Dollar Outlook: RBA Hikes are Lost in Global Turmoil

The Australian Dollar was unable to gain traction despite a lift in rates from the RBA as the Fed and ECB remain hawkish and Chinese growth is mired in lockdowns.

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/jq6hMCE

10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10. Via DailyFX - Market News https://ift.tt/jq6hMCE

Euro Boosted as US Dollar Slips Post ECB and Fed Manoeuvring. Will EUR/USD Break Up?

The Euro has found solid ground while the US Dollar eroded recent gains in the aftermath of an ECB rate hike amid the Fed and BoJ messaging the markets. Will EUR/USD rally? Via DailyFX - Market News https://ift.tt/jq6hMCE

Dollar Strength Adding to Economic Pain, Bolstering Intervention Risk for USDJPY and USDCN

A hefty 75 basis point rate hike from the ECB this past session didn't elicit the textbook response from EURUSD. The unrelenting pressure system supporting the Dollar between risk trends, monetary policy commitment and relative economic performance is building serious downstream fundamental risks. Via DailyFX - Market News https://ift.tt/jq6hMCE

Chinese Yuan Weakens as Inflationary Metrics Soften, Will USD/CNH Resume Higher?

The Chinese Yuan weakened as China reported softer CPI and PPI data for August. This is opening the door to more economic stimulus. Will USD/CNH resume the broader uptrend? Via DailyFX - Market News https://ift.tt/jq6hMCE

Crude Oil Price Outlook Mired by Failure to Defend August Low

Failure to defend the defend the August low ($85.73) may lead to a further decline in the price of oil as it extends the series of lower highs and lows from earlier this week. Via DailyFX - Market News https://ift.tt/jq6hMCE

NZD/USD Eyes Potential Relief Rally but China CPI Data May Threaten APAC Sentiment

The New Zealand Dollar fell alongside its APAC peers during a volatile US trading session. A relief rally may be in the cards soon. APAC market sentiment may shift on China's CPI data to close out the week. Via DailyFX - Market News https://ift.tt/jq6hMCE

Gold Price Gets Reprieve on US Dollar Pause Ahead of ECB. Will XAU/USD Turn?

Gold has held onto overnight gains as the US Dollar took a breather from rallying despite hawkish Fed speakers. The ECB meet later today. Will higher rates there undermine XAU/USD? Via DailyFX - Market News https://ift.tt/y7WQRws

Crude Oil Prices May Fall as EIA Report Nears Amid China Lockdown Woes

Crude oil prices are staging a recovery in Asia-Pacific trading after a sharp drop on Wednesday amid broadening Chinese Covid lockdowns. US inventory data from the EIA is in focus. Via DailyFX - Market News https://ift.tt/y7WQRws

Dollar Relative Risk, Rates and Growth Extends Extreme GBPUSD, USDJPY and EURUSD levels

The S&P 500 and other risk-leaning assets took a jog higher this past session without much support from growth nor monetary policy outlook. That said, the more remarkable fundamental pressure gauge may be the Dollar pushing counterparts to multi-decade lows between risk trends, rate forecasts and growth imbalances. Via DailyFX - Market News https://ift.tt/y7WQRws

Euro Gains Some Traction on US Dollar Lull Ahead of the ECB. Where to for EUR/USD?

The Euro held onto the overnight rally against the US Dollar despite Fed speakers restating their hawkish stance ahead of the ECB meeting today. Will a rate rise boost EUR/USD? Via DailyFX - Market News https://ift.tt/y7WQRws

USD/JPY Rate Rally to Persist as RSI Holds in Overbought Territory

The overbought reading in the Relative Strength Index (RSI) likely to be accompanied by a further advance in USD/JPY like the price action from earlier this year. Via DailyFX - Market News https://ift.tt/y7WQRws

Dow Jones Soars as Fed Blackout Period Starts, ASX 200 at Risk Due to China Economic Woes

The Dow Jones soared the most in almost one month, setting the stage for gains in Asia. But, the ASX 200 may struggle to find follow-through due to economic risks brewing in China. Via DailyFX - Market News https://ift.tt/y7WQRws

AUD/USD Gains Appear Untenable Amid China Lockdown Woes Ahead of Australian Trade Data

AUD/USD rose overnight as markets shifted into risk assets. However, China's Covid lockdowns make an Australian Dollar rally unlikely. APAC traders have Australia's trade data in focus. Via DailyFX - Market News https://ift.tt/y7WQRws

Dollar Charges and S&P 500 Slides Out of the Seasonal Gate with Fed, BOC and ECB Ahea

The US markets were back online after the long holiday weekend; and with their return to the market, we are wading into expectations for more active fall trading conditions. Does liquidity have to fill out and what does the perpetual pressure on growth and rate forecasts translate into for the already unsteady markets? Via DailyFX - Market News https://ift.tt/1JM3PH2

Forex Trading Journal: A How-To and other Forex Trading Tips

Log your trades and refine your strategies based on learning from previous experiences. Via DailyFX - Market News https://ift.tt/1JM3PH2

Japanese Yen Crumbles Under the Weight of a Robust US Dollar. New Peaks for USD/JPY?

The Japanese Yen made historic lows today as the US Dollar was boosted by Treasury yields marching ever higher, undermining equities and commodities. Where will USD/JPY go next? Via DailyFX - Market News https://ift.tt/1JM3PH2

Gold Prices Under Pressure as Traders Eye Fedspeak Ahead of FOMC Blackout

Gold prices are moving lower as the US Dollar and Treasury yields rise amid firm Fed rate hike bets. Traders have commentary from Fed Chair Powell and Vice Chair Brainard in focus as the FOMC black... Via DailyFX - Market News https://ift.tt/1JM3PH2

Australian Dollar Eyes a 2-Year Low Despite Good GDP Figures as US Dollar Rallies

The Australian Dollar dipped in the aftermath of domestic GDP data illustrating a healthy economic environment and justifies the RBA's move yesterday. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/1JM3PH2

Crude Oil to Stage Near-Term Rebound on Failure to Test August Low

Failure to test the August low ($85.73) may foster a near-term rebound in the price of crude oil as it snaps series of lower highs and lows from last week. Via DailyFX - Market News https://ift.tt/1JM3PH2

US Dollar Surge Threatens APAC Trading as China Lockdowns Weigh on Risk Assets

The US Dollar surged after US economic data bolstered rate hike bets, sending stocks lower and Treasury yields higher. Traders have Australian GDP data and China's trade balance in focus. Via DailyFX - Market News https://ift.tt/1JM3PH2

Pound Forecast: GBP Buoyed by New Prime Minister Optimism

The pound is showing indications of a revival but long-term headwinds remain. Markets have taken kindly to the new PM as she gets to work on support packages Via DailyFX - Market News https://ift.tt/1SbpOrk

Japanese Yen Forecast: USD/JPY Rallies to Fresh Highs as Yields Surge

USD/JPY Upside Picking Up Fresh Momentum Via DailyFX - Market News https://ift.tt/1SbpOrk

Crude Oil Update: OPEC+ Output Cut Signals Price Floor Intentions, Brent Unchanged for Now

Brent crude oil could be heading lower despite efforts from OPEC+ to limit supply, as a global recession will hamper demand. Via DailyFX - Market News https://ift.tt/1SbpOrk

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events. Via DailyFX - Market News https://ift.tt/1SbpOrk

Australian Dollar Struggles After 50bps RBA Rate Hike, Stock Markets Eyed

The Australian Dollar struggled as the RBA issued a 50bps interest rate hike, as expected. Traders may now look to global stock market sentiment for a directional lead. Via DailyFX - Market News https://ift.tt/1SbpOrk

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/1SbpOrk

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/1SbpOrk

DAX 40 Struggles as Nord Stream Shutdown Deepens Energy Woes

The index shifted between gains and losses as sentiment suffered on the back of soaring European energy prices. Via DailyFX - Market News https://ift.tt/OpflZv2

Liz Truss Announced as Next UK Prime Minister, GBP Unchanged

Liz Truss to become the third UK Prime Minister in six years. Via DailyFX - Market News https://ift.tt/OpflZv2

How To Use Twitter For Traders

How can traders use Twitter as an efficient trading tool. Via DailyFX - Market News https://ift.tt/OpflZv2

Contractionary Monetary Policy: What is it and How Does it Work?

Contractionary monetary policy is utilized by central banks to reign in an overheating economy and surging inflation. Find out what tools are used and how they work Via DailyFX - Market News https://ift.tt/OpflZv2

Weekly Fundamental Crude Oil Price Forecast: Volatility to Remain

Net-long positioning in the oil futures market remains near its yearly low, and its lowest level since August 2016. Via DailyFX - Market News https://ift.tt/OpflZv2

Markets Week Ahead: Dow Jones, US Dollar, EUR/USD, USD/CAD, AUD/USD, Gold, ECB, BOC, RBA

Global equity markets tumbled last week, sending risk assets and gold prices lower. Central bank event risks fill the docket for the week, offering traders volatility.

Markets Week Ahead: Dow Jones, US Dollar, EUR/USD, USD/CAD, AUD/USD, Gold, ECB, BOC, RBA

Global equity markets tumbled last week, sending risk assets and gold prices lower. Central bank event risks fill the docket for the week, offering traders volatility. Via DailyFX - Market News https://ift.tt/OpflZv2

S&P 500, Nasdaq 100 Forecast for Week Ahead: Path Higher Difficult but Possible

The S&P 500 and Nasdaq 100 may find some support in the fact that the US economy remains resilient and that inflationary pressures are beginning to ease more quickly than initially expected.

USD/CAD Rate Outlook Hinges on BoC Interest Rate Decision

The Bank of Canada (BoC) interest rate decision may keep USD/CAD afloat as the central bank is expected to adjust its approach in combating inflation.

Euro ( EUR) Forecast – The ECB Needs to Ramp Up Interest Rates and Fast

The European Central Bank needs to hike interest rates by 75 basis points at next week's meeting and confirm that it will continue to tighten monetary policy to throttle back runaway inflation.

Euro ( EUR) Forecast – The ECB Needs to Ramp Up Interest Rates and Fast

The European Central Bank needs to hike interest rates by 75 basis points at next week's meeting and confirm that it will continue to tighten monetary policy to throttle back runaway inflation. Via DailyFX - Market News https://ift.tt/gb4kVCe

Gold Prices Set to Move Higher in the Week Ahead After NFP Data Cools FOMC Bets

Gold prices fell last week but managed to trim losses on Friday after the US jobs report cooled FOMC rate hike bets, pushing Treasury yields lower. A light economic docket may extend XAU's Friday g...

Gold Prices Set to Move Higher in the Week Ahead After NFP Data Cools FOMC Bets

Gold prices fell last week but managed to trim losses on Friday after the US jobs report cooled FOMC rate hike bets, pushing Treasury yields lower. A light economic docket may extend XAU's Friday g... Via DailyFX - Market News https://ift.tt/gb4kVCe

The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar. Via DailyFX - Market News https://ift.tt/gb4kVCe

USD Weekly Forecast: Solid Jobs Report Supportive of U.S. Dollar and 75bps Rate Hike

USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday.

USD Weekly Forecast: Solid Jobs Report Supportive of U.S. Dollar and 75bps Rate Hike

USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday. Via DailyFX - Market News https://ift.tt/gb4kVCe

Bitcoin & Ethereum Forecast for the Week Ahead

Bitcoin struggles to gain topside traction. Ethereum is vulnerable to a Merge buy the rumour, sell the fact Via DailyFX - Market News https://ift.tt/Yy6LPiq

Australian Dollar Outlook: Data is Mixed but Lead Looks Ominous

The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD?

Australian Dollar Outlook: Data is Mixed but Lead Looks Ominous

The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD? Via DailyFX - Market News https://ift.tt/Yy6LPiq

US Dollar Strength Persists Ahead of NFP

USD goes from strength to strength. Euro holds steady amid cross-Euro buying Via DailyFX - Market News https://ift.tt/Yy6LPiq

FTSE 100 Bounces but Gains are Capped by a Markdown in Housebuilding Stocks

The blue-chip index bounced off support in European trade only to see gains capped by a markdown to housebuilding stocks. Via DailyFX - Market News https://ift.tt/Yy6LPiq

EUR/USD Forecast: Nord Stream Gas Flows Set to Resume, Beleaguered ECB Turns Hawkish

EUR/USD now faces an increasingly hawkish ECB as markets await NFP data later today. What’s next for the euro? Via DailyFX - Market News https://ift.tt/Yy6LPiq

Japanese Yen Latest: USD/JPY Rallies to a New 24-Year High

The Bank of Japan (BoJ) has said that it is watching developments in the FX market carefully as the Japanese Yen weakens further against the US dollar. Via DailyFX - Market News https://ift.tt/fscHzYC

Gold Prices Take a Beating, but More Damage Might Come from the US Jobs Report

Gold prices sank ahead of a hotly anticipated US non-farm payrolls report. Further indications of a tight labor market will likely not bode well for gold if the US Dollar keeps rallying. Via DailyFX - Market News https://ift.tt/fscHzYC

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/fscHzYC

Japanese Yen Stumbles Against US Dollar as Japan Faces Higher Steel Prices

USD/JPY hit a fresh multi-decade high as the US Dollar surged despite a revival in US stock prices. Japan is facing higher steel prices that threaten to add more drag to its economic recovery. Via DailyFX - Market News https://ift.tt/fscHzYC

USD/JPY Outlook: USDJPY Briefly Marks New High Ahead of NFP

The path of global monetary policy continues to drive FX markets as USD/JPY tagged a new 24-year high this morning. Attention turns to Friday’s NFP print Via DailyFX - Market News https://ift.tt/fscHzYC

South African Rand Forecast: ZAR Suffers at the Hands of Global Risk Sentiment & Weak Chinese Data

USD/ZAR looks to test fresh 2022 highs as recessionary concerns grow amid a hawkish Fed and lesser demand for commodities. Via DailyFX - Market News https://ift.tt/fscHzYC

What Trading Style Best Suits Your Personality?

Trading style often aligns with personality and lifestyle and influences a trading strategy and plan. Via DailyFX - Market News https://ift.tt/fscHzYC

Gold Price Lurching Lower as US Dollar and Yields Gain. Where to for XAU/USD?

Gold has eased in the aftermath of the Federal Reserve's Jackson Hole meeting that sent Treasury yields and the US Dollar higher. Will the XAU/USD recover? Via DailyFX - Market News https://ift.tt/RPxQ6lY

AUD/USD Probes Fresh Multi-Month Lows to Kick Off September Trading

The Australian Dollar is moving lower against the US Dollar after US stocks fell for a fourth session. China's Caixin PMI data is in focus after Australian PMI data declined for August. Via DailyFX - Market News https://ift.tt/RPxQ6lY