British Pound Latest: GBP/USD Caught Between The Fed and The BoE

A quiet start to what will be a busy week with three major central bank decisions and the monthly US jobs report. Via DailyFX - Market News https://ift.tt/1H04vSn

The Russell 2000 Index Explained for Traders

Read our article to learn more about the Russell 2000 Index Via DailyFX - Market News https://ift.tt/1H04vSn

AUD/USD Forecast: Aussie Inflationary Landscape A Cause for Concern

The Australian dollar is trading marginally stronger this morning after solid retails sales numbers complicate the RBA’s rate decision tomorrow. Via DailyFX - Market News https://ift.tt/1H04vSn

Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions

Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI? Via DailyFX - Market News https://ift.tt/1H04vSn

Japanese Yen in Flux on Data and the Chinese Yuan Battles Soft Sentiment

The Japanese Yen edged lower against the US Dollar on mixed retail sales and industrial production data while Chinese PMI disappointed. Will a higher USD/JPY lift USD/CNY? Via DailyFX - Market News https://ift.tt/1H04vSn

AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind

The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufacturing PMI data could set the tone for the Australian Dollar. Via DailyFX - Market News https://ift.tt/1H04vSn

Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE

Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar and British Pound are eyeing the Fed, RBA and BoE, respectively. What else is due? Via DailyFX - Market News https://ift.tt/1H04vSn

S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment

This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard. Via DailyFX - Market News https://ift.tt/1H04vSn

Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock

Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential. Via DailyFX - Market News https://ift.tt/15EuX2b

Weekly Fundamental Japanese Yen Forecast: Intervention Matters Little

Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.

EUR/USD Rate Outlook Hinges on Fed Rate Decision

EUR/USD may struggle to retain the advance from the monthly low (0.9632) as the Federal Reserve is expected to implement another 75bp rate hike. Via DailyFX - Market News https://ift.tt/15EuX2b

Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

Gold prices could recover in the near term if the Federal Reserve embraces a less hawkish posture and signals that it will raises rates less forcefully in the future amid growing economic risks. Via DailyFX - Market News https://ift.tt/15EuX2b

US Dollar Forecast: Another Fed Jumbo Hike in Focus as Markets Bet on Policy Moderation

The US Dollar faces another 75-basis point rate hike from the Federal Reserve in the week ahead. Lately, more attention has been placed on a moderating central bank. Will NFPs support that? Via DailyFX - Market News https://ift.tt/15EuX2b

Bitcoin Price Outlook: BTC, ETH, Dogecoin Upside Face Risky Week Ahead

With the Fed, Bank of England (BoE) and NFP on the economic agenda, can Bitcoin, Ethereum and Dogecoin maintain bullish momentum? Via DailyFX - Market News https://ift.tt/15EuX2b

Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has found higher ground over the past week on a strong CPI read and a weaker US Dollar while the RBA rate decision lies ahead. Will it boost AUD/USD? Via DailyFX - Market News https://ift.tt/RfDGMKF

US Dollar Retains Gains Despite Softer-than-Expected Core PCE Inflation

September U.S. Core PCE rises to 5.1% y-o-y, one-tenth of a percent below expectations, a sign that inflationary pressures remain elevated but are growing less aggressively than in previous months. Via DailyFX - Market News https://ift.tt/RfDGMKF

USD/JPY Yielding to a Revitalized Dollar as the BoJ Offers No Help

The Bank of Japan today left all monetary policy settings untouched and said that they don’t plan to raise interest rates any time soon. Via DailyFX - Market News https://ift.tt/RfDGMKF

Euro Breaking News: Inflation in Focus After German GDP Surprises Higher

EUR/USD gained support after positive German GDP data while markets turn their attention over to German and U.S. inflation. Via DailyFX - Market News https://ift.tt/RfDGMKF

US Dollar Strikes Back as the ECB Takes a Dovish Tilt. Will the DXY index recover?

The US Dollar ascendency might be resuming after the ECB hiked by 75 basis points but then talked down further hawkishness. Will the DXY Index reclaim new highs? Via DailyFX - Market News https://ift.tt/RfDGMKF

Japanese Yen Awaits Kuroda, Intervention Threat, Key US Inflation Data After Dovish BoJ

The Japanese Yen marked time after a still dovish Bank of Japan. USD/JPY is now eyeing Governor Kuroda’s speech and the Fed’s preferred inflation gauge before the weekend. Via DailyFX - Market News https://ift.tt/RfDGMKF

Nasdaq and Dow Ratio Highlight FAANG Collapse, Fed and Recession Top Themes Next Week

Peak US earnings season and the serious hit to FAANG members proved one of this past week’s top fundamental themes. Next week, the volatility looks to continue; but the motivations for that activity are likely to shift dramatically between the FOMC rate decision and key economic measures including NFPs. Via DailyFX - Market News https://ift.tt/RfDGMKF

EUR/USD Rate Vulnerable to Another Rise in US PCE

Data prints coming out of the US may fuel the recent decline in EUR/USD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show sticky inflation. Via DailyFX - Market News https://ift.tt/eN0ZaQ7

British Pound Latest: GBP/USD and EUR/GBP Eye US Data and ECB Meeting

The recent rally in the British Pound has slowed today as traders wait for the latest ECB policy decision and the first look at US Q3 GDP Via DailyFX - Market News https://ift.tt/eN0ZaQ7

US Dollar Pummelled as ECB and Fed Rate Hikes Loom Amid Tech Frailties

The US Dollar ascendency has been broken as hopes are raised of an easing Federal Reserve hawkishness ahead of anticipated rate hikes by the ECB and the Fed. Will the DXY Index sink? Via DailyFX - Market News https://ift.tt/eN0ZaQ7

Crude Oil Forecast: WTI Aims for October High as US Exports Surge Ahead of Russian Fuel Ban

WTI and Brent crude oil prices are little changed after US inventory data revealed record high exports. An upcoming Russian fuel ban by the EU is disrupting international flows and supply lines. Via DailyFX - Market News https://ift.tt/eN0ZaQ7

Euro Shoots Higher as US Dollar Drops Ahead of ECB Rate Decision. Where to for EUR/USD?

The Euro has rallied hard against the US Dollar as central bank policy moves are in focus with the ECb meeting today and the Federal Reserve next week. Will EUR/USD go higher? Via DailyFX - Market News https://ift.tt/eN0ZaQ7

AUD/USD to Test 50-Day SMA on Break Above Monthly Opening Range

AUD/USD may attempt to test the 50-Day SMA (0.6593) if the exchange rate clears the opening range for October. Via DailyFX - Market News https://ift.tt/eN0ZaQ7

Chinese Yuan Sees Record One-Day Move on US Dollar Selling as Industrial Profits Near

The Chinese Yuan soared against the US Dollar as US stocks plummeted on weak tech earnings. Chinese industrial profits are in focus as Asia-Pacific traders look to take advantage of the weaker Greenback. Via DailyFX - Market News https://ift.tt/WVDdu4P

Gold Price on Track to Test 50-Day SMA Ahead of US PCE Report

The price of gold may continue to retrace the decline from the monthly high ($1730) as it appears to be on track to test the 50-Day SMA ($1689). Via DailyFX - Market News https://ift.tt/WVDdu4P

Gold Price Running Back Into Resistance as the US Dollar Slides

Gold is pushing back into a familiar area of resistance, boosted by a weaker US dollar. The greenback is sitting on support, will it hold? Via DailyFX - Market News https://ift.tt/WVDdu4P

Trading Economic Data Means Looking Past the Numbers

The monthly global round of economic data releases is crucial to the foreign exchange market, but reaction to the numbers is often complex. Via DailyFX - Market News https://ift.tt/WVDdu4P

Euro Price Forecast: Descending Channel Breakout Potential for EUR/USD

EUR/USD braces ahead of tomorrow’s ECB interest rate decision with parity under consideration for the first time since September. Via DailyFX - Market News https://ift.tt/WVDdu4P

Crude Oil Holds Ground as Inventory Data Builds and US Dollar Dips. Will WTI go Higher?

The crude oil price has steadied despite data revealing an increase in US inventory, perhaps aided by a weaker US Dollar as Treasury yields soften. If stockpiles swell again, will WTI sink? Via DailyFX - Market News https://ift.tt/WVDdu4P

Will Google Earnings Cut Down S&P 500 Recovery and How Serious is the Event Risk Ahead?

Risk appetite has been on a slow trajectory of recovery in the quiet between major event risk, but confidence for the Nasdaq 100 and S&P 500 may have been shaken by Google’s earnings miss. With a heavy macro docket ahead, volatility risks are high – as is the threshold to commitment to a clear trend. Via DailyFX - Market News https://ift.tt/WVDdu4P

Gold Price Forecast: XAU Eyes BoC Rate Decision as Speculator Confidence Wanes

Gold prices are nearly unchanged in Asia-Pacific trading as investors prepare for the Bank of Canada’s rate decision. A loss of confidence among speculators bodes poorly for bullion’s short-term outlook. Via DailyFX - Market News https://ift.tt/WVDdu4P

Australian Dollar Snubs Red Hot CPI that Takes Puts the RBA on Notice. Where to for AUD/USD

The Australian Dollar ignored the much-anticipated Q3 CPI that came in above expectations at 7.3% ahead of next Tuesday’s RBA rate decision. Will an RBA hike do anything for AUD/USD? Via DailyFX - Market News https://ift.tt/WVDdu4P

Japanese Yen Latest: USD/JPY Consolidating, Further Volatility Ahead

USD/JPY is trading in an extremely tight range after the wild swings of the last few days. Another bout of volatility is likely in the near term. Via DailyFX - Market News https://ift.tt/5y8ISOi

British Pound News: GBP Keenly Awaits Rishi Sunak Official Appointment and Address, Possible Cabinet Reshuffle on the Cards?

GBP/USD is now testing key technical zones ahead of Rishi Sunak’s formal appointment this morning. Via DailyFX - Market News https://ift.tt/5y8ISOi

Euro at Crossroads as ECB Rate Hike Looms While Crude Ponders China’s Growth Outlook

The Euro inched higher against the US Dollar in anticipation of higher European rates while China’s growth prospects have been mired by policy uncertainty. Where to for EUR/USD? Via DailyFX - Market News https://ift.tt/5y8ISOi

USDCNH Soars, S&P 500 Diverges from Chinese Markets, USDJPY Falls Short Again

A fundamentally packed week has already opened to significant volatility. Yet, the activity of the S&P 500 and Dollar have bowed to the volatility of the USDJPY and Chinese equity markets. That skew in activity may not last for long with FAANG earnings, key economy growth readings and ECB rate decision ahead. Via DailyFX - Market News https://ift.tt/vYhL8k1

Copper Price Outlook: US PMI Miss, China Government Shakeup Bode Poorly for the Red Metal

Copper prices are moving lower in Asia-Pacific trading as traders weigh contrasting economic data and a shakeup in President Xi Jinping’s newly formed government. Meanwhile, a potential breakout is on the horizon. Via DailyFX - Market News https://ift.tt/vYhL8k1

Japanese Yen Subdued Against US Dollar After a Whippy Start to the Week

The Japanese Yen consolidated on Tuesday after a hectic start to the week and following on from Friday where wide ranges dominated proceedings. Will the BoJ win in the USD/JPY battle? Via DailyFX - Market News https://ift.tt/vYhL8k1

Gold Price Reverses Ahead of Yearly Low to Eye 50-Day SMA

The price of gold may attempt to test the 50-Day SMA ($1691) as it reverses ahead of the yearly low ($1615). Via DailyFX - Market News https://ift.tt/vYhL8k1

FTSE 100 Outlook: UK Equities Slump Despite New PM Vote and Weaker GBP

Terrible PMI data overshadows news that Rishi Sunak could be announced as the new prime minister at 14:00 (UK time). Weaker pound fails to lift UK equites Via DailyFX - Market News https://ift.tt/MXsovVy

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings. Via DailyFX - Market News https://ift.tt/MXsovVy

Crude Oil Forecast: Brent Hurt as Global Recessionary Fears Ramp Up, USD Bid

Brent crude oil has slipped below $90 per barrel after poor PMI releases from Europe as markets keenly anticipate the U.S. print later today. Via DailyFX - Market News https://ift.tt/MXsovVy

Euro Breaking News: Lackluster Eurozone PMI Adds to the ECBs Woes

The Eurozone continued its downturn to start Q4 with the ECB facing a host of challenges. Will further hikes push the zone into a recession? Via DailyFX - Market News https://ift.tt/MXsovVy

British Pound Bounces After Boris Backdown Amid US Dollar Strengthening

The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge. Via DailyFX - Market News https://ift.tt/BCNvOu9

Japanese Yen Whipsawed Against US Dollar on Intervention Speculation

The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY? Via DailyFX - Market News https://ift.tt/BCNvOu9

Weekly Fundamental US Dollar Forecast: 3Q’22 US GDP Report in Focus

After a quiet economic calendar last week, the coming days will see several important US data releases.

AUD/USD Eyes Chinese GDP After Dow Jones Surged Amid Risk-On Move

The Australian Dollar is likely at the mercy of Chinese economic data, which includes the previously delayed third-quarter GDP growth rate. Via DailyFX - Market News https://ift.tt/BCNvOu9

Markets Week Ahead: Dow Jones, Yields, US Dollar, USD/JPY, EUR/USD, USD/CAD, China GDP, ECB, BoC

An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility elevated. Via DailyFX - Market News https://ift.tt/BCNvOu9

S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout

Quarterly results from Alphabet, Microsoft, Meta Platforms, Apple and Amazon will take center stage next week as the Fed's blackout period temporarily reduces attention on monetary policy. Via DailyFX - Market News https://ift.tt/BCNvOu9

USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC) is expected to deliver a smaller rate hike. Via DailyFX - Market News https://ift.tt/BCNvOu9

Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

The Euro is facing an anticipated 75-basis point rate hike from the European Central Bank in the week ahead. Despite recession woes, the ECB will likely press on to fight persistent inflation. Via DailyFX - Market News https://ift.tt/MBL68lq

Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Gold prices fell last week as Treasury yields rose amid hawkish Fedspeak. With a FOMC blackout period among us, traders’ focus turns to economic data. US PMI data is front and center for gold and rate hike bets. Via DailyFX - Market News https://ift.tt/MBL68lq

Crude Oil Technical Forecast: Breakout on the Cards?

An ascending triangle continues to form on the WTI chart, could a breakout materialize in the near future? Via DailyFX - Market News https://ift.tt/MBL68lq

BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

In an environment where persistent inflation, hawkish central banks and economic uncertainty continue to drive sentiment, cryptocurrency and stocks remain vulnerable to geopolitical risks. Via DailyFX - Market News https://ift.tt/MBL68lq

Volatility Ahead with USDJPY Intervention, US GDP for S&P 500, ECB Rate Decision for EURUSD

A listless week punctuated by an opportunistic and desperate intervention by the Bank of Japan will transition into a heavier bout of trading conditions ahead. Technical boundaries will strain against heavy event risk including US 3Q GDP, the ECB and BOJ rate decisions, FAANG earnings and much more. Via DailyFX - Market News https://ift.tt/MBL68lq

Japanese Yen Explodes Higher, Bank of Japan Meeting Up Ahead

The Japanese Yen exploded higher as local officials appeared to intervene after the currency touched a 32-year low. An upcoming Bank of Japan policy meeting is now in focus.

Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has been chopped up of late as the global macro environment has created a high degree of uncertainty, but domestic CPI will be the focus in the week ahead. Via DailyFX - Market News https://ift.tt/qR7C3mk

How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading Via DailyFX - Market News https://ift.tt/qR7C3mk

Hong Kong Dollar Peg Will Survive Stern Test by Rampant Greenback

The Hong Kong Dollar is being hammered like many other currencies by its US cousin’s surging popularity, but there seems little sign that its venerable ‘peg’ is under threat. Via DailyFX - Market News https://ift.tt/qR7C3mk

The US Dollar Edged Higher Along with Treasury Yields as USD/JPY Scopes 150+

The US Dollar gravitated to higher ground again today as markets watch Treasury yields march north and Japanese officials stand aside. Will the USD (DXY) index make a new peak? Via DailyFX - Market News https://ift.tt/qR7C3mk

Serious S&P 500 Trends May Wait for Next Week’s Heavy Docket, USDJPY Keeps Climbing

The recovery effort from the S&P 500 and risk assets to start the week seems to have fallen apart these past two sessions. With a docket next week that includes US GDP, FAANG earnings and the ECB rate decision commitment may be hard to generate. However, volatility for the likes of USDJPY and GBPUSD is still very much possible. Via DailyFX - Market News https://ift.tt/qR7C3mk

Gold Price Outlook Looks Grim as the Weekend Nears, Eyes on Fed’s Williams and Evans

Gold prices look vulnerable heading into the weekend with XAU/USD nervously eyeing Fedspeak from policymakers John Williams and Charles Evans. What are key levels to watch? Via DailyFX - Market News https://ift.tt/qR7C3mk

EUR/USD Rebound Fizzles Ahead of 50-Day SMA

EUR/USD may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902). Via DailyFX - Market News https://ift.tt/rMIjk7b

USD/JPY Trades Above Key Level as Investors Await BoJ Intervention: Asia-Pacific Outlook

The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open. Via DailyFX - Market News https://ift.tt/rMIjk7b

Hang Seng Index Sinks to New Lows While the Fed Maintains Hawkishness

The Hang Seng index continues to struggle under the weight of zero-case Covid-19 policy and a lack incentives for investment in Hong Kong. Via DailyFX - Market News https://ift.tt/rMIjk7b

S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility. Via DailyFX - Market News https://ift.tt/rMIjk7b

Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices. Via DailyFX - Market News https://ift.tt/rMIjk7b

Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications. Via DailyFX - Market News https://ift.tt/rMIjk7b

Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87). Via DailyFX - Market News https://ift.tt/IVQOfSr

Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders. Via DailyFX - Market News https://ift.tt/IVQOfSr

GBP Breaking News: GBP/USD Dips as UK Inflation Rises Beyond 10%

UK inflation is back at 40-year highs. Will the BoE respond with a 75bp or 100bp hike? Via DailyFX - Market News https://ift.tt/IVQOfSr

DAX 40 Buoyed by Solid US Earnings Results Despite Pervasive Fed Hawkishness

The DAX 40 has climbed on diminishing energy woes and a generally upbeat market on the back of solid US earnings. If the Fed maintains their tightening, will the DAX make new highs? Via DailyFX - Market News https://ift.tt/IVQOfSr

Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional measures to cool prices. Via DailyFX - Market News https://ift.tt/IVQOfSr

Japanese Yen Marches Lower to the US Dollar but Less so Against Chinese Yuan and Oil

The Japanese Yen continues to lose ground against the US Dollar but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the market thinks? Via DailyFX - Market News https://ift.tt/IVQOfSr

EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD appears to be on track to test the 50-Day SMA (0.9924) as it reverses course ahead of the yearly low (0.9536). Via DailyFX - Market News https://ift.tt/IVQOfSr

Asia-Pacific Markets Look Higher After Dow Jones Gains as Chinese Yuan Underperforms

The Chinese Yuan weakened against the US Dollar despite a pullback in the DXY Index. Asia-Pacific markets look primed to gain after the second day of Wall Street gains amid a sparse economic docket. Via DailyFX - Market News https://ift.tt/sF6RIA7

Natural Gas Forecast: EU Storage Progress, Warm Weather Deal Blows to US, EU Prices

Natural gas prices fell sharply in the United States and Europe on Monday as warm weather, improving stockpiles, and proposed action by the EU dragged on the commodity’s fundamental drivers. Via DailyFX - Market News https://ift.tt/sF6RIA7

New Zealand Dollar Elevated by Rate Hike Risk. Will NZD/USD Rally Continue?

The New Zealand Dollar continued to firm after a scorching third quarter CPI number saw expectations of the RBNZ lifting rates higher for longer. Where to for NZD/USD? Via DailyFX - Market News https://ift.tt/sF6RIA7

USD/JPY Rally Pushes RSI Into Overbought Territory

USD/JPY may continue to appreciate over the coming days as the Relative Strength Index (RSI) climbs back into overbought territory. Via DailyFX - Market News https://ift.tt/sF6RIA7

Dow Jones Soars, Bank of America Undermines Recession Woes. ASX 200 May Rise

Dow Jones futures soared as Bank of America earnings undermined US recession fears, boosting risk appetite. Australia’s ASX 200 could be looking forward to a rosy day ahead. Via DailyFX - Market News https://ift.tt/sF6RIA7

AUD/USD Rises From Oversold Levels Ahead of RBA Minutes

The risk-sensitive Australian Dollar is trading higher ahead of the RBA’s policy minutes, which may set the tone for AUD/USD over the next 24 hours. China’s GDP data was delayed in a surprise move. Via DailyFX - Market News https://ift.tt/r1Jnueq

Fedspeak Schedule for the Week Ahead

FOMC speakers are back as markets yearn for information following last week’s hot CPI print. Via DailyFX - Market News https://ift.tt/r1Jnueq

Crude Oil Forecast: Brent Softened by Global Slowdown & Chinese Policies

Brent crude oil prices are indicative of an uncertain market due to conflicting supply and demand factors as we look to close out 2022. Via DailyFX - Market News https://ift.tt/r1Jnueq

USD/JPY Soars after G7 Nations Sidestep Coordinated FX Intervention

USD/JPY remains elevated after Friday’s advance as G7 nations remain attentive to spillover effects of the dollar but are yet to consider coordinated intervention Via DailyFX - Market News https://ift.tt/r1Jnueq

British Pound Respite as US Dollar Weakens and a Possible Policy Backflip

The British Pound found something of a pardon to start the week with market hopes of change in tack from the new Chancellor and a moderating US Dollar. Where to for GBP/USD? Via DailyFX - Market News https://ift.tt/r1Jnueq

Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?

The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a hawkish Fed. Higher USD/JPY? Via DailyFX - Market News https://ift.tt/r1Jnueq

Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat

The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again? Via DailyFX - Market News https://ift.tt/r1Jnueq

Weekly Fundamental Euro Forecast: Inflation Data on Deck

Eurozone price pressures are continuing to rise, complicating the ECB’s efforts.

Markets Week Ahead: Dow Jones, Nasdaq 100, British Pound, Japanese Yen, Earnings Season Continues

The Dow Jones pulled off a gain as the tech-heavy Nasdaq 100 sank alongside Tesla. British political turmoil continues to be a threat to the FTSE 100 and the Sterling. Will Japan intervene again after the Yen plunged to a 32-year low? Via DailyFX - Market News https://ift.tt/FxYMDuU

S&P 500, Nasdaq 100, Dow Jones – Q3 Earnings Will Drive Market Action

After Thursday’s slump and rally, US equity markets will be looking at a cluster of important Q3 earnings next week, including Tesla, Goldman Sachs, J&J, and Netflix. Via DailyFX - Market News https://ift.tt/FxYMDuU

USD/CAD Forecast: BoC Hike Odds Dip While the Fed’s Rises, Bullish USDCAD

Markets anticipate a slower rate of hikes between the Fed and Bank of Canada going into year end. Policy divergence highlights bullish continuation themes in USD/CAD Via DailyFX - Market News https://ift.tt/FxYMDuU

Gold Price Outlook: Another Raging Inflation Print Dims XAU/USD’s Trajectory

Gold prices fell 3 percent last week. Another strong US inflation print means that the Federal Reserve will have to step up its fight against raging CPI. XAU/USD remains at risk. Via DailyFX - Market News https://ift.tt/FxYMDuU

US Dollar Forecast: Bullish Bias Intact as Hot CPI Will Keep Fed on Hawkish Path

The U.S. dollar is likely to remain supported in the near term on bets that persistently high inflation in the U.S. economy will keep the Fed on a hawkish tightening course over the forecast horizon. Via DailyFX - Market News https://ift.tt/gJ3KNcH

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum remain rangebound following CPI as other risk assets continue to sink. More chop ahead? Via DailyFX - Market News https://ift.tt/gJ3KNcH

S&P 500 Faces Key Technical Breaks but GBPUSD, USDJPY and USDCNH the True Risk Measures

While there are key events (like Chinese 3Q GDP and earnings) and high-profile technical levels (the midpoint of the S&P 500’s post-pandemic range) ahead, my focus moving forward is the health of the underlying financial system. The IMF’s warnings around exchange rate volatility, the need of UK stimulus and Japanese intervention speak to the cracks. Via DailyFX - Market News https://ift.tt/gJ3KNcH

JPMorgan Chase Earnings Review: Pre-market Shares Jump on Q3 Revenue Beat

Revenue and net interest income growth saw the share price jump 2.7% in premarket trade. Via DailyFX - Market News https://ift.tt/T64kQ3L

September US Inflation Report Explained In 60 Seconds

September US Inflation Report Explained In 60 Seconds Via DailyFX - Market News https://ift.tt/T64kQ3L

Bitcoin (BTC) Latest – A False Break or a Reason to be Optimistic?

Bitcoin (BTCUSD) remains stuck in a multi-week trading range but Thursday’s post-US CPI price action may be threatening a longer-term downtrend. Via DailyFX - Market News https://ift.tt/T64kQ3L

US Dollar Price Outlook: DXY Drops, Equities Rally in Unusual Post CPI Trade

The post CPI rollercoaster has many people scratching their heads however, fundamental challenges remain. Inflation is too high and markets ramp up rate hike odds Via DailyFX - Market News https://ift.tt/T64kQ3L

S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket

US core inflation accelerated to its fastest pace of growth in four decades and the market’s expectations for a fourth consecutive 75bp rate hike moved to ‘certainty’ territory. Despite that, the S&P 500 rallied while the Dollar lost ground this past session. Volatility is the common thread and there is plenty of risk of more for Friday. Via DailyFX - Market News https://ift.tt/T64kQ3L

Gold Price Vulnerable After Failing to Defend Monthly Opening Range

The price of gold may struggle to retain the rebound from the yearly low ($1615) as it fails to defend the opening range for October. Via DailyFX - Market News https://ift.tt/T64kQ3L

Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls

The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs past levels where Japan intervened. Via DailyFX - Market News https://ift.tt/T64kQ3L

EUR/USD Outlook: EURUSD Consolidates Ahead of US CPI, German Inflation

German inflation printed in line but the lead up to the US CPI will be followed closely given last month’s sharp reversal after inflation proved stubborn. EUR/USD setup Via DailyFX - Market News https://ift.tt/bmZ4N1X

Crude Oil Edges Higher But Remains Pressured By Demand Weakness

Brent Crude steadied after recent falls but worries over end-user demand seem to be outweighing the supportive effects of production cuts. Via DailyFX - Market News https://ift.tt/bmZ4N1X

GBP/USD Outlook: GBP Snaps Five-Day Losing Streak Against the Greenback, UK Policy Uncertainty Remains

Sterling’s recent rally against the greenback may prove short lived with US CPI and continued policy uncertainty to potentially cap any further gains. Via DailyFX - Market News https://ift.tt/bmZ4N1X

EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range

Failure to defend the opening range for October may lead to a further decline in EUR/USD as it appears to be tracking the negative slope in the 50-Day SMA (0.9965). Via DailyFX - Market News https://ift.tt/bmZ4N1X

Gold Prices Find Optimism Before US CPI Report, That May Be Wishful Thinking

Gold prices traded rather optimistically ahead of the highly anticipated US CPI report. An upward push in core inflation would likely bode ill for XAU/USD. What are key levels to watch? Via DailyFX - Market News https://ift.tt/bmZ4N1X

US Dollar Stalls Ahead of CPI as Markets Brace for US Inflation Data

The US Dollar moderated overnight as markets prepare for tomorrow’s US inflation report. Asia Pacific markets look ready for a mixed open ahead of Japanese economic data. Via DailyFX - Market News https://ift.tt/bmZ4N1X

FSTE 100 Plagued by Weak GDP Data, Political Missteps and Rising Yields

UK equities continue lower as GDP disappoints, BoE rate hike odds reach 100 bps and political missteps result in a UK premium. UK Earnings season picks up. Via DailyFX - Market News https://ift.tt/7rkadGz

EUR/USD Struggles as Markets Look To EU Energy Meet

The Euro's modest fightback already appears to be faltering as economic headwinds gather and European Union ministers meet to discuss energy prices. Via DailyFX - Market News https://ift.tt/7rkadGz

USD/JPY Rallies to Print New YTD High, Intervention Fears Could Halt Gains

The pair has now surpassed last month intervention price. Will we see a second round of FX intervention by the BoJ? Via DailyFX - Market News https://ift.tt/7rkadGz

What is a Short Squeeze and How to Trade It?

The short squeeze has surprised markets on many occasions. Learn more about what it is, its causes and the effects on traders. Via DailyFX - Market News https://ift.tt/7rkadGz

New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns

The New Zealand Dollar managed to rise against a broadly stronger US Dollar. However, Asia-Pacific market sentiment remains at risk as China sees Covid restrictions increasing. Via DailyFX - Market News https://ift.tt/7rkadGz

Gold Price Forecast: Gold Bounces Back into 1680 After Trendline Rejection

The bounce in Gold ran into trendline resistance last week which led to another push down to 1680; can bulls force a deeper pullback or will bears drive the bigger-picture trend? Via DailyFX - Market News https://ift.tt/7rkadGz

South African Rand Forecast: Global Risk Sentiment Dictating ZAR Flows

USD/ZAR hovers around key resistance as the dollar takes center stage. Via DailyFX - Market News https://ift.tt/Nx5AUQT

US Equities: S&P 500 Tests Yearly Low Ahead of Earnings Season

US equities approach a significant level of support ahead of earnings from prominent banking stocks on Friday Via DailyFX - Market News https://ift.tt/Nx5AUQT

EUR/USD Outlook: Euro Under Pressure as Geopolitical Tensions Intensify, Dollar Bid

The Euro is on a four-day losing streak against the greenback. Can the Geopolitical situation and the IMF outlook result in a new YTD low? Via DailyFX - Market News https://ift.tt/Nx5AUQT

USD/JPY Battles a Fresh 24-Year High as the Japanese Yen Continues to Slump

The Japanese Yen is pressing against an important 24-year resistance level against the US dollar, a level that last saw the BoJ in action. Will the Japanese central bank step in again? Via DailyFX - Market News https://ift.tt/Nx5AUQT

AUD/USD Breaks Lower as Global Sentiment Deteriorates on Geopolitical Tensions

Asia-Pacific markets look ready to extend an overnight slide on Wall Street as market sentiment degraded amid rising geopolitical tensions. Via DailyFX - Market News https://ift.tt/Nx5AUQT

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/Nx5AUQT

AUD, NZD Outlook: Weak Chinese Data Weighs on Aussie and Kiwi Dollar

Weak Chinese data plagues AUD and NZD as the FED continues to hike aggressively. Proximity to China and higher US rates/USD weigh on the currencies Via DailyFX - Market News https://ift.tt/Nx5AUQT

Euro Forecast: EUR/USD Sinks Further, 20-Year Low Back in Play

The latest round of Russian missile strikes in Ukraine has driven risk-averse investors back into the arms of the US dollar, and that is sending EUR/USD ever lower. Via DailyFX - Market News https://ift.tt/CbneBrY

Gold Outlook: XAU/USD Facing Strong Fundamental Headwinds, YTD Lows in Sight Once More

The precious metal has come under renewed pressure as it trades back below the key $1700 level. Will we see a new YTD low? Via DailyFX - Market News https://ift.tt/CbneBrY

Crude Oil Forecast: CFTC Data Points to Supportive Environment for Brent

Despite USD strength, Brent crude oil is trading higher this Monday on positive trader positioning and OPEC+ output remnants. Via DailyFX - Market News https://ift.tt/CbneBrY

Japanese Yen Nears Record Low as US Dollar Soars on Higher Treasury Yields

The Japanese Yen drifted lower again today after the US Dollar re-asserts its ascendency on strong economic data and a hawkish Federal Reserve. New highs for USD/JPY? Via DailyFX - Market News https://ift.tt/CbneBrY

Gold Price Slips on Higher Treasury Yields Boosting the US Dollar Ahead of US CPI

Gold has braced itself in Asia today after sliding on Friday with solid US jobs data handing the Fed more ammunition to keep rates higher for longer. Where to for XAU/USD? Via DailyFX - Market News https://ift.tt/CbneBrY

AUD/USD Eyes Consumer Confidence Data Ahead of US CPI

The risk-sensitive Australian Dollar fell last week amid a broader risk-off move, with sentiment deteriorating on Friday after a largely in-line US jobs report crossed the wire. Westpac consumer confidence is ahead. Via DailyFX - Market News https://ift.tt/CbneBrY

Weekly Fundamental US Dollar Forecast: All Eyes on Inflation Data

No data release matters more this week – and perhaps this month – than the September US consumer price index on Thursday.

Markets Week Ahead: Nasdaq 100, S&P 500, Gold Prices, US Dollar, US CPI, Earnings Season

The Nasdaq 100 and S&P 500 trimmed most gains last week after another solid US jobs report. The US Dollar and gold prices now face the next American inflation report. Will another strong CPI print plunge financial markets? The earnings season kicks off with banks reporting. Via DailyFX - Market News https://ift.tt/CbneBrY

S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff

US equity indexes sold off on Friday after the US jobs report solidified the chances for a 75-basis point FOMC rate hike. The market’s direction in the week ahead hinges on the US consumer price index (CPI). Via DailyFX - Market News https://ift.tt/CbneBrY

US Dollar Technical Forecast: USD October Battle Lines Set- DXY Levels

Is the US Dollar correction over? The stage is set and its decision time for the bulls in the days ahead. The levels that matter on the DXY weekly technical chart.

EUR/USD Rate Susceptible to Another Rise in US Core CPI

Data prints coming out the US may continue to sway EUR/USD as the Consumer Price Index (CPI) is anticipated to show sticky inflation

Gold Price (XAU/USD) Slammed by Hawkish Fed and Strong NFP Report

Gold remains a US interest rate play for now with rising US Treasury yields sending the precious metal lower after a robust US Jobs Report.

US Crude Oil Technical Forecast: OPEC+ Sets up Major Trend Reversal

US crude is on track for five straight days of advances after OPEC+ decided to cut output from in November. Aggressive rise highlights $93 and $100 as key levels

Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD

The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction. Via DailyFX - Market News https://ift.tt/3rULjAF

Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum continue to hold above YTD lows as the picture becomes more bleak for risk assets. Via DailyFX - Market News https://ift.tt/3rULjAF

$100 Million Stolen From Binance in Hack, Bitcoin Brushes Off the News

Hacks and exploits in the crypto arena have been occurring with troubling frequency. Yesterday, another large theft occurred at the world’s largest cryptocurrency exchange; and yet the stalwart coins hardly blinked. Via DailyFX - Market News https://ift.tt/3rULjAF

Australian Dollar Outlook: Dovish RBA Sinks Currency

The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower. Via DailyFX - Market News https://ift.tt/3rULjAF

WTI Oil Forecast: Sustained Break Above $90 Psychological Level Needed for Rally to Continue

WTI rally puts its back on course for a $100 a barrel in Q4. Will Fed rate hikes be able to stem the tide? Via DailyFX - Market News https://ift.tt/bTvIYNA

US Dollar (DXY) Reinforced by Sustained Hawkish Fed Speak and US NFP Bets

A constant stream of hawkish Fed speak is keeping the US dollar within striking distance of a fresh two-decade high. Will it be enough? Via DailyFX - Market News https://ift.tt/bTvIYNA

Euro Price Forecast: EUR/USD Trades Watchfully Ahead of NFP

EUR/USD has retraced much of its gains earlier in the week with NFP data in focus this afternoon. Via DailyFX - Market News https://ift.tt/bTvIYNA

USD/JPY Latest: Jitters Around Intervention at the 145 Level, NFP Next

USD/JPY trades around 145 this morning attracting further jawboning from PM Kishida and the possibility of another round of FX intervention. Focus turn to NFP Via DailyFX - Market News https://ift.tt/bTvIYNA

Crude Oil Holds the High Ground Despite US Dollar Strength on Hawkish Fed

Crude oil has maintained recent gains even though US Dollar ascendency got back on track after a plethora of Federal Reserve speakers talked the talk. How high can WTI go? Via DailyFX - Market News https://ift.tt/bTvIYNA

AUD/USD Rate Eyes September Low with US NFP Report on Tap

AUD/USD may fail to defend the September low (0.6363) as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market. Via DailyFX - Market News https://ift.tt/bTvIYNA

USD/JPY Above 145 to Test MOF, BoJ’s Mettle After Yield Surge Charges the US Dollar

USD/JPY is above the 145—“line in the sand”—level, which puts Japan’s Ministry of Finance and Bank of Japan up against short traders. Asia-Pacific markets look set to close the week lower after overnight USD strength. Via DailyFX - Market News https://ift.tt/bTvIYNA

Euro Forecast: EUR/USD Driven Lower as Parity Wall Continues to Hold

The Euro is struggling against the US dollar as parity (1.0000) once again provides stout resistance for the pair Via DailyFX - Market News https://ift.tt/Ume0awz

British Pound Forecast: GBP/USD May Probe Higher Near-Term, Significant Headwinds Lie in Wait

The Pound remains under pressure as dollar bulls stage a comeback. Key technical levels and economic factors to keep markets on the edge. Via DailyFX - Market News https://ift.tt/Ume0awz

Crude Oil Forecast: OPEC+ Supply Cut Outweighs USD Strength, Brent Bid

Brent crude oil trades higher this morning, backed by curtailed supply through to 2023 despite a stronger U.S. dollar. Via DailyFX - Market News https://ift.tt/Ume0awz

US Dollar Gives up Some Ground After Fed Hawk Boost. Will the DXY Trend Higher?

The US Dollar drifted lower today but, still remains at elevated levels as the Fed have made it clear that inflation is enemy number one. If the Fed stays on track, will the uptrend continue? Via DailyFX - Market News https://ift.tt/Ume0awz

S&P 500 Rally Stalls and Dollar Stems the Bleeding, Now for Fundamentals

October trade was off to a roaring start until the speculative charge hit the skids this past session. We could try to connect the stumble to US data or Fed speculation, but the math doesn’t work out. More likely, seasonal positioning has worked through and now the markets are tuned back into tangible fundamentals. What does that mean? Via DailyFX - Market News https://ift.tt/Ume0awz

Euro Slides as US Dollar Regains the Upper Hand on a Consistently Hawkish Fed

The Euro backed away from parity again after US Dollar ascendency got back on track after the Federal Reserve got their message across loud and clear. Where to for EUR/USD? Via DailyFX - Market News https://ift.tt/Ume0awz

Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude oil prices are heading for the best week since Russia Invaded Ukraine. OPEC+ output cuts and an unexpected drop in US inventories boosted WTI on Wednesday before NFPs on Friday. Via DailyFX - Market News https://ift.tt/Ume0awz

AUD/USD Chart Points to More Losses as APAC Markets Eye Australian Trade Data

The Australian Dollar looks primed to fall against the US Dollar on technical and fundamental grounds. AUD/USD is in focus as APAC traders eye Australia’s trade data due out today. Via DailyFX - Market News https://ift.tt/Ume0awz

Gold Price Rally Blocked by Resistance, Key US Jobs Report Nears

The precious metal has been on a strong run of late, fueled by lower US rate expectations. Traders are now looking ahead to the latest US jobs report. Via DailyFX - Market News https://ift.tt/bL8uHYf

British Pound (GBP/USD) Forecast: PM Truss in Focus Ahead of UK and U.S. Services PMI’s

Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15. Via DailyFX - Market News https://ift.tt/bL8uHYf

Euro Holds High Ground as US Dollar Subdued on Market Optimism. Where to for EUR/USD?

The Euro is approaching parity again after US Dollar gave up some ground in light of a rosier outlook on the back of a perceived peak in hawkishness. If the Fed talks tough again, will EUR/USD head lower? Via DailyFX - Market News https://ift.tt/bL8uHYf

New Zealand Dollar Surges Against US Dollar, Australian Dollar After RBNZ Delivers 50-Basis Point Rate Hike

The New Zealand Dollar rose in immediate reaction to the Reserve Bank of New Zealand hiking its official cash rate (OCR) by 50-basis points, as expected. Via DailyFX - Market News https://ift.tt/bL8uHYf

Gold Price Climbs Above 50-Day SMA to Approach September High

The price of gold is on the cusp of testing the September high ($1735) as it trades above the 50-Day SMA ($1724). Via DailyFX - Market News https://ift.tt/bL8uHYf

APAC Markets Eye RBNZ as AUD Struggles Despite a Softer US Dollar

The Australian Dollar is struggling despite a risk-on tone across markets ahead of today’s rate decision from the Reserve Bank of New Zealand. Elsewhere, oil prices are climbing as OPEC meets. Via DailyFX - Market News https://ift.tt/bL8uHYf

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/u8w2nrq

Japanese Yen Forecast: Fed Rate Repricing Softens Dollar Sustaining USD/JPY Below 145

USD/JPY continues to test the 145 psychological barrier ahead of several large option expiries and Fed speakers. Via DailyFX - Market News https://ift.tt/u8w2nrq

Japanese Yen Withstands Attacks as a Rosier Outlook Boosts Equities. Will USD/JPY crack 145?

The Japanese Yen hardly blipped despite a missile flying overhead and the US Dollar sliding elsewhere to start the week and the RBA delivered a dovish hike. Where to for USD/JPY? Via DailyFX - Market News https://ift.tt/u8w2nrq

Australian Dollar Tanks After RBA Hike by Only 0.25%. Where to for AUD/USD?

The Australian Dollar has dived after the RBA raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected. Via DailyFX - Market News https://ift.tt/u8w2nrq

Crude Oil Prices Eye OPEC Meeting as Markets Weigh Rising Rates

Crude oil prices are extending gains made during Wall Street trading even as the RBA and RBNZ ready higher rates. Speculators grew more bearish ahead of a potential OPEC production cut due Wednesday. Via DailyFX - Market News https://ift.tt/u8w2nrq

Bitcoin Aims at 20,000 After Risk-On Move Weighs on US Dollar

Bitcoin prices are targeting the 20,000 psychological level after an overnight risk-on move that weighed on the US Dollar and supported equity indexes. That move may extendi into today’s APAC trading. Via DailyFX - Market News https://ift.tt/u8w2nrq

DAX 40 Rallies to Reclaim 12000 Level, Downside Potential Intact

The Index rallied despite a host of concerns ranging from geopolitics to rate hikes. As the economic concerns grow, can the rally last? Via DailyFX - Market News https://ift.tt/hgp8Re7

Crude Oil Price Rallies as Traders Mull Sizeable OPEC+ Cuts This Week

Crude oil has started the session around 3% higher as talk continues to swirl that OPEC+ will announce a hefty production cut this week. Via DailyFX - Market News https://ift.tt/hgp8Re7

Euro Price Forecast: EUR/USD Rally Looks Short-lived, Key Resistance Being Tested After Dismal PMI’s

EUR/USD has found some support this Monday as markets await U.S. PMI data for further directional guidance. Via DailyFX - Market News https://ift.tt/hgp8Re7

7 Step Trading Checklist Before Entering Any Trade

A checklist is a vital part of the trading process; helping traders to be disciplined and confident. Via DailyFX - Market News https://ift.tt/hgp8Re7

Sterling Latest: Kwarteng Announces Tax Cut U-Turn, GBP Turns Higher

Chancellor Kwasi Kwarteng announced a U-turn of his controversial tax cut for the UK’s highest earners this morning at the Tory party conference. GBP lifted Via DailyFX - Market News https://ift.tt/hgp8Re7

GBP/USD Technical Outlook: Forming an Interim Base?

Technical charts, sentiment and positioning suggest GBP/USD’s slide is losing steam. Is it forming a base and what are the key levels to watch? Via DailyFX - Market News https://ift.tt/hgp8Re7

Oil Q4 2022 Technical Forecast: WTI Breakdown Underway

Crude oil prices plunged a staggering 25% in the third quarter as WTI fell towards its yearly lows in late September.

GBP Q4 2022 Fundamental Forecast: A Whole Heap of Problems for the New Prime Minister

The cost of covid, soaring energy prices, rampant inflation, insipid growth and the ongoing Brexit rancour are just some of the problems the new PM must solve quickly.

Euro Q4 2022 Technical Forecast: EUR/USD Bearish Continuation

Not too long ago 'parity' appeared unlikely. Now, it represents a rather ambitious level. Key levels to consider for a bearish continuation

Bitcoin Q4 2022 Fundamental Forecast: It’s Still One Trade

All things considered, 3Q’22 wasn’t that bad for cryptocurrency markets and Bitcoin prices in particular, which fell by around -4.5% over the past three months.

AUD Q4 2022 Technical Forecast: AUD/USD Falling Wedge and Inverse H&S in Focus

Despite a strong start in July, the Australian Dollar fell against the US Dollar in August and September, extending the downward trend established in April when prices hit the highest level since June 2021 before selling off.

JPY Q4 2022 Fundamental Forecast: Japanese Yen Susceptible to Bank of Japan (BoJ) Policy

The Japanese Yen may continue to underperform against its US counterpart as the Bank of Japan (BoJ) votes unanimously to maintain its easing program.

USD Q4 2022 Technical Forecast: Still Bullish on the US Dollar

USD has both the rate advantage while also being the safe-haven, positioning the Greenback for continued gains into the end of the year.

GBP Q4 2022 Technical Forecast: Still Bearish GBP

Downside pressure remains, parity to the US Dollar still in play.

Euro Q4 2022 Fundamental Forecast: Euro Faces a Storm Into Year-End

Coming into 3Q’22, the Euro was facing a litany of issues that prevented any sort of significant rebound: slowing economic growth; the Russian invasion of Ukraine; energy inventories; and concerns around a potential fragmentation of European bond markets..

Bitcoin Q4 2022 Technical Forecast: Lower Before Higher

The outlook for BTC/USD this coming quarter to put simply is, lower before higher. As it currently stands there is the dollar and everything else, meaning that as the dollar propels higher just about everything else suffers, except volatility.

S&P 500: Risk, Market Depth and Volatility Into October as Financial Conditions Strain

We have brought to a close the month of September and in turn the third quarter of the year. Moving into the new week, month and quarter; sentiment will be particularly sensitive with the course of monetary policy tightening meeting a swell in recession risk. If any of sparks from financial stability catch, our course can worsen materially. Via DailyFX - Market News https://ift.tt/8NWzGpR

AUD Q4 2022 Fundamental Forecast: Australian Dollar Outlook Sees the Fed Running Harder and Faster than the RBA

The Australian Dollar appears vulnerable going into the end of the year with the rate paths of the RBA and the Federal Reserve set to diverge. Will monetary policy drive AUD/USD?

JPY Q4 2022 Technical Forecast: Yen at the Mercy of BoJ and FX Intervention as Fed Remains Hawkish

Not much has changed from Q3 with the Japanese Yen extending its weakness against the U.S. dollar as the Bank of Japan (BoJ) continues its dovish stance on monetary policy to stimulate economic growth.