*South Korea Retail Sales -0.2% On Month In October

South Korea Retail Sales -0.2% On Month In October

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203498/

Australian Dollar Gains Despite Soft Chinese PMI and Mixed Domestic Data. Lower AUD/USD?

The Australian Dollar had a look lower after China’s PMI disappointed at 48, while local statistics showed an economy at a crossroads. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/0cUd34F

*New Zealand Building Permits -10.7% On Month In October

New Zealand Building Permits -10.7% On Month In October

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203494/

Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data. Via DailyFX - Market News https://ift.tt/0cUd34F

Gold Futures Settle Modestly Higher

Gold prices climbed higher on Tuesday, as the dollar languished in the red for most part of the session.

Gold prices had drifted lower in the previous session in the wake of hawkish comments from St. Louis Fed President James Bullard.

Fed officials Bullard and John Williams reiterated their hawkish stance on further rate hikes.

Also, optimism surrounding China's reopening offset rate-hike fears and weighed on the greenback.

China reported a slight dip in new COVID-19 infections and also stepped-up support for the country's property sector.

However, the dollar's recovery from lower levels capped gold's uptick. The dollar index, which dropped to 106.06 in the Asian session, climbed to 106.80 later in the day, gaining a marginal 0.1%.

Gold futures for February ended higher by $8.40 or about 0.5% at $1,763.70 an ounce.

Silver futures for March ended up $0.311 at $21.436 an ounce, while Copper futures for March settled at $3.6395 per pound, up $0.0240 from the previous close.

In U.S. economic news, the Conference Board released a report on Tuesday showing a modest decrease in U.S. consumer confidence in the month of November.

The Conference Board said its consumer confidence index dipped to 100.2 in November from a revised 102.2 in October. Economists had expected the index to slip to 100.0 from the 102.5 originally reported for the previous month.

The modest decrease by the headline index came as the present situation index edged down to 137.4 in November from 138.7 in October.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203491/

Japan Jobless Rate Steady At 2.6% In October

The unemployment rate in Japan came in at a seasonally adjusted 2.6 percent in October, the Ministry of Internal Affairs and Communications said on Tuesday.

That missed expectations for 2.5 percent, although it was unchanged from the September reading.

The job-to-applicant ratio was 1.35, in line with forecasts and up from 1.34 in the previous month.

The participation rate ticked down to 62.8 percent, shy of expectations for 63.0 percent - which would have been unchanged from the September reading.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203399/

Japan Data On Tap For Tuesday

Japan will on Tuesday release October figures for retail sales and unemployment, highlighting a light day for Asia-Pacific economic activity.

Retail sales are expected to rise 5.0 percent on year, up from 4.5 percent in September, while the jobless rate is tipped to ease to 2.5 percent from 2.6 percent a month earlier.

Singapore will provide annual October data for import, export and producer prices. In September, import prices were up 8.8 percent, export prices jumped 10.0 percent and producer prices climbed 12.7 percent.

Taiwan will see final Q3 figures for gross domestic product; in the three months prior, GDP was up 3.05 percent on year.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203397/

Treasuries Move Modestly Lower After Seeing Early Strength

After an early move to the upside, treasuries moved modestly lower over the course of the trading session on Monday.

Bond prices pulled back off their early highs and into negative territory, although selling pressure was somewhat subdued. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.2 basis points to 3.703 percent.

The downturn by treasuries came as traders kept an eye on the latest developments in China, as widespread protests against the Beijing's zero-Covid policy broke out over the weekend.

A recent surge in new Covid cases in China has led officials to impose new restrictions in several major cities, dashing hopes the world's second-largest economy was on the way toward easing curbs.

Craig Erlam, senior market analyst at OANDA, said the protests "highlight how increasingly frustrated the public is becoming with the leadership's zero-Covid policy."

"Record cases across multiple cities are putting the policy to the test and the unrest highlights the enormity of the challenge facing President Xi Jinping and his commitment to zero-Covid," Erlam said.

He added, "The combination of these creates huge uncertainty, both in terms of how the protests are handled and what the whole experience means for the future of the policy and the economy."

Traders were also looking to the release of some key economic data in the coming days, including the Labor Department's closely watched monthly jobs report on Friday.

Following a quiet day on the U.S. economic front, trading on Tuesday may be impacted by reaction to reports on home prices and consumer confidence.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203396/

Oil Futures Rebound To Close Higher As Focus Shifts To Upcoming OPEC Meet

After spending much of the day's session in the red, crude oil prices climbed higher past noon on Monday to eventually settle on a firm note.

Oil prices fell to an 11-month low earlier in the day, as worries about outlook for demand from China rose amid the growing unrest in the country due to widespread protests against Covid lockdowns in several cities.

However, oil prices surged higher amid speculation OPEC+ will seriously consider a new production cut at its meeting early next month.

Saudi Energy Minister Abdulaziz bin Salman had indicated last week that the OPEC+ will likely decide to increase output cut later this week.

West Texas Intermediate Crude oil futures for January settled with a gain of $0.96 or about 1.3% at $77.24 a barrel, well off the day's low of $73.60 a barrel.

Brent crude futures were up $0.15 or 0.12% at $83.86 a barrel a little while ago.

The Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, will meet on December 4 to discuss their production strategy. The group had last month agreed to reduce its output target by 2 million barrels per day through 2023.

Traders also continued keep traking news about the Group of Seven and European Union Diplomats' discussions regarding a price cap on Russian oil of between $65 and $70 a barrel.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203395/

*Finland Nov Business Confidence -7 Vs. -5 In October

Finland Nov Business Confidence -7 Vs. -5 In October

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203364/

*Australia October Retail Sales Up 12.5% On Year

Australia October Retail Sales Up 12.5% On Year

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203360/

*Australia Octpber Retail Sales Down 0.2% On Month, Consensus +0.5%

Australia Octpber Retail Sales Down 0.2% On Month, Consensus +0.5%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203359/

Crude Oil Weekly Forecast: Brent Dampened by China’s COVID, OPEC+ & U.S. Data to Follow

Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shifts to OPEC+ and US data. Via DailyFX - Market News https://ift.tt/Zkli8ns

Australian Dollar Blitzed by China Covid Concerns Souring Sentiment. Where to for AUD/USD?

The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat over continuing Covid-19 related lockdowns. Via DailyFX - Market News https://ift.tt/Zkli8ns

US Dollar Grabs the High Ground on Growth Risks. Will the USD (DXY) Index Bounce?

The US Dollar steadied into the trading week as global economic conditions continue to flag warnings for prospects going forward. Has the DXY put a bottom in place? Via DailyFX - Market News https://ift.tt/Zkli8ns

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

A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC. Via DailyFX - Market News https://ift.tt/JUgWoTe

Japanese Yen Weekly Forecast: 140 Key for USD/JPY Ahead of U.S. Economic Data

The Japanese Yen looks to face a week stacked with U.S. centric data which could give USD/JPY traders some guidance as we head into December. Via DailyFX - Market News https://ift.tt/JUgWoTe

Euro Week Ahead: EUR/USD Heading for Best Month Since 2010? Eyes on Eurozone CPI

The Euro is likely heading for its best month since September 2010 as the markets focus on relativity between the Fed and ECB. EUR/USD is eyeing Eurozone CPI and non-farm payrolls data next. Via DailyFX - Market News https://ift.tt/JUgWoTe

US Dollar Outlook – Will Heavyweight Data Stem the US Dollar’s Ongoing Decline?

The recent US dollar sell-off has seen the greenback fall by 8% since hitting a 20-year peak at the end of September. Next week’s data releases include high-importance inflation and job numbers. Via DailyFX - Market News https://ift.tt/JUgWoTe

German Consumer Confidence To Rise In December

German consumer confidence is set to rise moderately in December, survey results from the market research group GfK showed on Friday.

The forward-looking consumer confidence index rose to -40.2 in December from -41.9 in November. The reading was expected to improve to -39.6.

Consumers' long-standing fears of skyrocketing energy prices eased somewhat, which had a positive impact on consumer sentiment, Rolf B?rkl, GfK consumer expert said. Despite the improvement, the consumer climate situation remains tense. Both economic and income expectations increased moderately in November.

The economic expectations indicator climbed 4.3 points to -17.9 in November. Nonetheless, consumers expect that a recession is unavoidable in the near term. Gross domestic product is forecast to shrink around half a percent in the coming year.

Private consumption is unlikely to make a positive contribution to growth next year, the market research group said.

Benefiting from the fall in energy prices, income expectations gained strength. Consumers are also hoping that the real income losses will not be quite as severe as recently feared. The income expectations index rose 6.2 points to -54.3 in November.

Meanwhile, the propensity to buy index dropped 1.1 points to -18.6 as households still face sharp increase in energy bills.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203333/

Euro Price Forecast: EUR/USD Advances on German GDP and ECB Speakers

EUR/USD is trading higher given a boost from positive German GDP data and ECB officials. Via DailyFX - Market News https://ift.tt/qAZD2Hm

*Singapore Oct Industrial Production -0.8% On Year Vs. +1.9% In September

Singapore Oct Industrial Production -0.8% On Year Vs. +1.9% In September

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203320/

Crude Oil (WTI) Whipsaws Around Key Level as Fundamental Drivers Clash

Comments from the Saudi Energy Minister supporting supply cuts and increasing Chinese lockdowns results in choppy price action around a key long-term support level Via DailyFX - Market News https://ift.tt/qAZD2Hm

European Economics Preview: Germany GDP, Gfk Consumer Confidence Due

Quarterly national accounts and consumer sentiment survey results from Germany are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's statistical office Destatis is slated to issue detailed GDP data for the third quarter. According to preliminary estimate, the economy had expanded 0.3 percent sequentially.

In the meantime, the market research group GfK is set to release Germany's consumer sentiment survey results. The consumer sentiment index is forecast to rise to -39.6 in December from -41.9 in November.

At 2.30 am ET, employment data is due from Switzerland.

At 2.45 am ET, the French statistical office INSEE publishes consumer sentiment survey results. The consumer sentiment index is seen at 83 in November versus 82 in October.

At 3.00 am ET, October producer prices figures are due from Spain. Also, unemployment data is due from Hungary.

At 4.00 am ET, business and consumer sentiment survey results are due from Italy. The business confidence index is forecast to fall to 99.6 in November from 100.4 in October. Meanwhile, the consumer sentiment index is seen at 91.0 versus 90.1 a month ago.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203319/

*New Zealand Q3 Retail Sales Up 0.4% On Quarter Vs. -2.2% In Q2

New Zealand Q3 Retail Sales Up 0.4% On Quarter Vs. -2.2% In Q2

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203314/

*Japan Sep Coincident Index 101.4 Vs. 101.8 In August

Japan Sep Coincident Index 101.4 Vs. 101.8 In August

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203255/

*Japan Sep Leading Index 97.5 Vs. 101.3 In August

Japan Sep Leading Index 97.5 Vs. 101.3 In August

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203254/

*Bank Of Korea Lifts Key Base Rate By 25 Bps To 3.25% From 3.00%

Bank Of Korea Lifts Key Base Rate By 25 Bps To 3.25% From 3.00%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2203248/

US Dollar Nosedives Post Fed Meeting Minutes. Will the USD (DXY) Index Push Lower?

The US Dollar descended for the third day in a row after the Federal Reserve meeting minutes were interpreted as dovish by the market. Has the DXY lost its ascendency? Via DailyFX - Market News https://ift.tt/0z9u8MR

Euro (EUR) Latest: EUR/USD Treads Water Ahead of FOMC and US Data Releases

EUR/USD is trading on either side of unchanged today ahead of some important data releases and the latest FOMC minutes. Via DailyFX - Market News https://ift.tt/tP1uzs3

Durable Goods Orders: What are They and How Do They Affect Financial Markets?

Durable goods orders have an important place in the context of global financial markets and can be used as a gauge of economic health that impact several asset classes. Via DailyFX - Market News https://ift.tt/tP1uzs3

GBP Breaking News: UK PMI Reveals Fastest Drop in New Orders Since 2021

The flash estimate for November PMIs showed worsening new orders from abroad which added to the contraction in the manufacturing sector. GBP rises after the release Via DailyFX - Market News https://ift.tt/tP1uzs3

Euro Breaking News: EUR on Offer Despite EZ PMI Upside Surprise

EUR/USD dismissed better than expected eurozone PMI data ahead of today’s high impact US economic data. Via DailyFX - Market News https://ift.tt/tP1uzs3

Crude Oil Forecast: Brent Bid on API and OPEC+ Ahead of Key US Data

Stacked economic calendar for brent crude oil could dictate short-term directional bias ahead of U.S. holidays. Via DailyFX - Market News https://ift.tt/tP1uzs3

British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

The British Pound is anchored near the top end this week’s range after US Dollar gave some ground overnight with the focus on the Fed’s pace of tightening. Where to for GBP/USD? Via DailyFX - Market News https://ift.tt/tP1uzs3

Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts

Gold is guided heavily by the US dollar just as most traditional fiat currencies tend to be. That said, the driving fundamental motivations for the Greenback will have a greater weight over the precious metal. And, that puts the focus on Fed forecasts. Via DailyFX - Market News https://ift.tt/tP1uzs3

Gold Price Latest – FOMC Minutes and Data Key to Short-Term Price Action

The precious metal is trimming its recent losses as US Treasury yields steady ahead of the latest FOMC minutes. Via DailyFX - Market News https://ift.tt/Ng0dBTl

WTI Oil Eyeing Deeper Retracement, Downside Risks Remain in Play

WTI reclaimed the key $80 a barrel mark as OPEC+ rubbished claims of a potential production increase. A return of dollar strength could dampen the rally. Via DailyFX - Market News https://ift.tt/Ng0dBTl

The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility. Via DailyFX - Market News https://ift.tt/Ng0dBTl

GBP Forecast: UK Public Sector Debt the 4th Highest on Record for October, Pound Bid

The pound is trading in the green this Tuesday morning ahead of Fed speakers later today. Via DailyFX - Market News https://ift.tt/Ng0dBTl

Euro Firmed as the US Dollar Paused Amid Fed and China Factors. Where to for EUR/USD?

The Euro finally found some traction today after Monday’s rout that saw EUR/USD slide lower on comments from Fed speakers and China growth concerns. Will EUR/USD continue slipping? Via DailyFX - Market News https://ift.tt/Ng0dBTl

Bitcoin (BTC), Ethereum (ETH) Grind Lower as Grayscale Adds to Fears

Bitcoin and Ethereum have fallen after additional selling pressure drove the two largest digital assets lower. As Grayscale refuses to share proof of reserves, sentiment continues to dwindle. Via DailyFX - Market News https://ift.tt/Ng0dBTl

Is Yen Weakness on the Way Back? USD/JPY, GBP/JPY, EUR/JPY

USD/JPY broke out from an ascending triangle to start the week raising the possibility of a return of Yen-weakness. Via DailyFX - Market News https://ift.tt/Ng0dBTl

US Dollar (DXY) Opens the Week on a Positive Note

The US dollar is getting a risk-off push as a range of drivers see investors return to the safety of the greenback. Via DailyFX - Market News https://ift.tt/Ng0dBTl

S&P 500 Price Outlook: US Stocks Consolidate Around Key Level of Support

The S&P 500 consolidates above a key level of support ahead of the open. Will reports of additional Chinese lockdowns set the tone for the week ahead? Via DailyFX - Market News https://ift.tt/Ng0dBTl

EUR/USD Update: German PPI Surprise Fails to Arrest Slide as Risk-Off Mood Returns

The pair continues its decline with the macroeconomic outlook supporting lower prices. Is parity in danger once more? Via DailyFX - Market News https://ift.tt/meykhYz

Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

Gold prices have continued to fall leaving XAU/USD trading below 1750, while markets look ahead to Wednesdays FOMC minutes. Via DailyFX - Market News https://ift.tt/meykhYz

US Dollar Finds Firmer Footing as Treasury Yields Lift and China Locks Down

The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher? Via DailyFX - Market News https://ift.tt/meykhYz

Crude Oil Prices Crushed on Market Imbalances, WTI at Risk as Asia-Pacific Markets Open

Crude oil prices were crushed on Friday as the futures market entered contango. Wall Street risk aversion may set a sour tone for Asia-Pacific markets to start the week. Via DailyFX - Market News https://ift.tt/meykhYz

Markets Week Ahead: Nasdaq 100, S&P 500, Gold, US Dollar, NZD/USD, RBNZ, Thanksgiving

The Nasdaq 100 and S&P 500 fell last week amid hawkish Fedspeak, boosting the US Dollar at the cost of gold and crude oil prices. Ahead, all eyes are on the FOMC minutes and the RBNZ for the NZD/USD amid a holiday-shortened week due to Thanksgiving in the US. Via DailyFX - Market News https://ift.tt/meykhYz

Dow Jones, Nasdaq 100, S&P 500 Forecast: Thanksgiving Means Illiquidity, But Volatility?

The Dow Jones, Nasdaq 100 and S&P 500 took steps back last week as Fedspeak and retail sales underscored a hawkish central bank. Thanksgiving brings illiquidity, but what about volatility? Via DailyFX - Market News https://ift.tt/meykhYz

New Zealand Dollar Forecast: RBNZ Weighs Inflation vs Global Headwinds

Next week the RBNZ decides to hike by 50 or 75 bps where forward guidance remains key. Stubborn inflation and a worsening global outlook complicates the decision

Euro Price Forecast: ECB Ponders QT vs Rate Hikes, EUR/USD Unmoved

Bleak week ahead for the euro as EUR/USD seeks fundamental catalyst, while ECB tug of war continues between doves and hawks. Via DailyFX - Market News https://ift.tt/abYXSok

Australian Dollar Outlook: Caught in the US Dollar Vortex

The Australian Dollar was rag-dolled by US Dollar gyrations last week as data and geopolitics had markets running from pillar to post, second-guessing where the Fed is headed. Via DailyFX - Market News https://ift.tt/abYXSok

USD Forecast: Fed Speakers Stoking Volatility While DXY Consolidates

The U.S. dollar now looks to fundamental catalysts for short-term directional bias while technical analysis points to a fading bearish move on DXY. Via DailyFX - Market News https://ift.tt/HiBZRvG

The Basics of Technical Analysis

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

GBP/USD Latest: Sterling Resolute After Fiscal Statement, UK Retail Sales

Cable weathered a volatile session after yesterday’s UK fiscal statement and trades marginally higher after the UK retail figures. Bullish continuation test at 1.2000 Via DailyFX - Market News https://ift.tt/HiBZRvG

Australian Dollar Filleted by Fedspeak as US Dollar Resumes Ascendency

The Australian Dollar came under pressure today after the US Dollar got a boost from Fed speakers reminding markets of their intentions for rates. Will a strong USD send AUD lower? Via DailyFX - Market News https://ift.tt/HiBZRvG

Gold and Crude Oil Prices Sink as US Dollar Rallies, WTI Triangle Breakout in Focus

Gold and crude oil prices fell on Thursday as UK fiscal tightening and US initial jobless claims data soured markets, boosting the US Dollar. What are key levels to watch ahead? Via DailyFX - Market News https://ift.tt/HiBZRvG

USDJPY May Be Building Up to a Break and Fed Warnings May Decide the Direction

Congestion remains the most prevalent chart pattern, but there are still the foundations of volatility flare ups in the open market. The S&P 500 showed how a fundamental spark on a tight trading range can resolve. USDJPY may be in store for similar if market’s take Fed remarks seriously. Via DailyFX - Market News https://ift.tt/HiBZRvG

Euro (EUR) Latest: EUR/USD Finding Resistance Tough to Break

The final Euro Area inflation release showed headline price pressures in double-figures, albeit a fraction lower than originally forecast. EUR/USD’s battle with the 200-day moving average continues. Via DailyFX - Market News https://ift.tt/2g97GH8

Gold Remains Vulnerable Below $1800 Key Level and 200-Day MA

Spot gold’s recent rally appears to have run out of steam as markets shift between risk-on and risk-off sentiment. A test of $1800 remains a possibility. Via DailyFX - Market News https://ift.tt/2g97GH8

Crude Oil Forecast: Letup in Geopolitics Weighs on Brent

Brent crude unmoved today but rising wedge breakout potential looms, exposing further downside. Via DailyFX - Market News https://ift.tt/2g97GH8

Euro Pauses as US Dollar Underpinned by Fed on Sturdy Data Ahead of EU CPI

The Euro made a 4-month high earlier in the week against the US Dollar on a soft US PPI, but overnight data and Fed rhetoric has seen a pause in the meteoric rise. Will EUR/USD go higher? Via DailyFX - Market News https://ift.tt/2g97GH8

Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

The Nasdaq 100 slipped overnight after solid retail sales data that saw long-end Treasury yields move lower again to invert the curve. What is that saying about NDX? Via DailyFX - Market News https://ift.tt/2g97GH8

Australian Dollar Looks Past Jobs Report as Doji Emerges, Will AUD/USD Reverse?

AUD/USD looked past a solid October Australian jobs report. Sentiment remains a key driver for the Australian Dollar after a Doji candlestick showed signs of indecision. Via DailyFX - Market News https://ift.tt/2g97GH8

USD/JPY Update: Price Remains Below 100-Day MA Keeping Downside Risk in Play

The Yen has failed to capitalize on recent dollar weakness as lackluster data and geopolitical tensions cap gains. Via DailyFX - Market News https://ift.tt/zc83CUD

EUR/USD Latest: EURUSD Resilient Ahead of Inflation Print, NATO Meeting

EUR/USD attempts another move higher after yesterday’s late selloff on conflict fears. A fair amount of central bankers on the docket today with US retail sales Via DailyFX - Market News https://ift.tt/zc83CUD

GBP Breaking News: Energy Sources Sustain Extreme UK Inflation, Highest Since 1981

GBP/USD responded oddly, pushing lower after record levels of UK inflation were released by ONS. Via DailyFX - Market News https://ift.tt/zc83CUD

Japanese Yen Slides Despite Treasury Yield Dip on Soft PPI and Conflict Concerns

The Japanese Yen has dipped again after the US Dollar gained despite a soft PPI amid heightened geopolitical tensions after a missile explosion in Poland. Where to for USD/JPY? Via DailyFX - Market News https://ift.tt/zc83CUD

Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

Crude oil has bounced around so far this week as news flow has seen reports from OPEC+ and the IEA hint at lower demand while data and geopolitics create uncertainty. Where to for WTI? Via DailyFX - Market News https://ift.tt/zc83CUD

USD/CAD Rate Vulnerable to Sticky Canada CPI

Fresh data prints coming out of Canada may lead to a further decline in USD/CAD as the Consumer Price Index (CPI) is anticipated to show sticky inflation. Via DailyFX - Market News https://ift.tt/zc83CUD

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/VKPlwW9

AUD/USD Forecast: Aussie Dollar Pushes Higher on China Optimism

AUD/USD rallied on Tuesday after encouraging talks between U.S. President Joe Biden and Xi Jinping. Via DailyFX - Market News https://ift.tt/VKPlwW9

Euro Rides High as US Dollar Ponders the Path Ahead with Fed and G-20 in the Frame

The Euro backed away from resistance against the US Dollar as Fed commentary appears to be less one directional ahead of US PPI. If US-China relations improve, where to for EUR/USD? Via DailyFX - Market News https://ift.tt/VKPlwW9

Neither Dollar Nor Stocks Respond to NY Fed’s Inflation Expectations Like CPI, So What Now?

The US CPI release last week was undoubtedly one of the most market-moving events we have seen for the market in a while. It would seem with the response from the Dollar and risk assets that there is a hyper-sensitivity to inflation, yet we didn’t see that after the New York Fed’s relaying US consumer inflation expectations. So what should we watch to move the market’s ahead? Via DailyFX - Market News https://ift.tt/VKPlwW9

Gold Price Outlook Vulnerable to RSI Sell Signal

The Relative Strength Index (RSI) may offer a textbook sell signal for the price of gold should the oscillator struggle to hold above 70. Via DailyFX - Market News https://ift.tt/VKPlwW9

Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY?

The Japanese Yen ignored soft GDP data as US Dollar gyrations remain in the driver’s seat with the Fed in focus for policy shift becoming mired in conflicting comments. Lower USD/JPY? Via DailyFX - Market News https://ift.tt/VKPlwW9

Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Brent crude oil keeps its head above the 95.00 support handle ahead of OPEC’s monthly oil report (MOMR). Via DailyFX - Market News https://ift.tt/zjq9OPf

US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

The US Dollar clawed back some ground today the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar? Via DailyFX - Market News https://ift.tt/zjq9OPf

Gold Looks Like Neither Inflation Hedge nor Safe Haven

The gold market has continued to slide this year despite rampant inflation, Covid and geopolitical turmoil. Via DailyFX - Market News https://ift.tt/zjq9OPf

Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ascending USD/JPY trend over? Via DailyFX - Market News https://ift.tt/zjq9OPf

Weekly Fundamental US Stocks Forecast: Short-term Gains Still Possible

US equity markets have rallied sharply, underpinned by falling short-end US Treasury yields and a drop in volatility. Can it continue?

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled. Bitcoin was unable to capitalize on risk appetite, sinking 20% as crypto giant FTX filed for bankruptcy. What is in store for markets next? Via DailyFX - Market News https://ift.tt/zjq9OPf

Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Inflation data comes into focus for Loonie traders after a major week for USDCAD. Via DailyFX - Market News https://ift.tt/v7k0IPA

EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

EUR/USD is on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate hike in December Via DailyFX - Market News https://ift.tt/v7k0IPA

Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, eyes are on Fedspeak, PPI and retail sales data. Via DailyFX - Market News https://ift.tt/v7k0IPA

US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

The U.S. dollar could extend its near-term correction as slowing U.S. inflation could keep Treasury yields biased to the downside as traders reprice lower the path of monetary policy. Via DailyFX - Market News https://ift.tt/v7k0IPA

Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

The Australian Dollar roared to life last week after soft US CPI data sent Treasury yields and the US Dollar to the basement on hopes of a Fed pivot. Will AUD/USD keep rallying? Via DailyFX - Market News https://ift.tt/GNDtpUf

US Consumer Sentiment Falls to Lowest Level Since July, Reinforcing US Dollar Weakness

U.S. consumer sentiment halted its recovery in November and fell to its lowest level since July, a sign that Americans are becoming more pessimistic about the economic outlook. Via DailyFX - Market News https://ift.tt/GNDtpUf

USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

USD/CAD finally breaks below the stubborn 1.35 level. Following the US CPI print are we seeing the beginning of a slowdown in rate hikes? Via DailyFX - Market News https://ift.tt/GNDtpUf

EUR/USD Latest: EURUSD Prints Largest Single Day Rise Since 2020

EUR/USD posted its highest single day rise since the start of the pandemic as softer US CPI data resulted in a sizeable downward revision in the dollar as well as US yields Via DailyFX - Market News https://ift.tt/GNDtpUf

USD/JPY Weakness Leaves 140.00 as the Next Downside Objective

USD/JPY made a failed attempt to break below 140 yesterday after the latest US inflation report showed price pressures cooling in the States. Via DailyFX - Market News https://ift.tt/Ujdn2YV

British Pound Breaking News: UK GDP Beat Keeps GBP Bid For Now

GBP/USD pushed higher after UK GDP data surprised to the upside. Via DailyFX - Market News https://ift.tt/Ujdn2YV

Bitcoin (BTC/USD) Drops 13% as Binance Back Out of FTX Acquisition

BTC/USD faces an unprecedented storm as crypto markets remain on edge. Further downside remains a possibility. Via DailyFX - Market News https://ift.tt/Ujdn2YV

British Pound Latest: GBP/USD Still Vulnerable to Swings in Sentiment

GBP/USD is trying to reclaim 1.1400 in early trade after Wednesday’s heavy sell-off saw Sterling hammered against a range of currencies. Via DailyFX - Market News https://ift.tt/Ujdn2YV

Gold Prices May Fall on October US Inflation Data, Here are Key Levels to Watch

Gold prices may fall if US inflation data surprises higher, pushing up the US Dollar and Treasury yields. What are key technical levels to watch for XAU/USD? Via DailyFX - Market News https://ift.tt/qGmgDZY

British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again?

The British Pound is under the pump again as the collapse of FTX ricochets through markets in a risk-off rout that has seen the US Dollar resumed the ascendency. Where to for GBP/USD? Via DailyFX - Market News https://ift.tt/qGmgDZY

What Dollar Impact to Expect from US CPI and Is This Crypto’s Lehman Moment?

The US midterm elections have passed, but the implications for the markets seem as if they are as ambiguous after the fact as they were in the lead up. Today’s CPI release will likely exact a more definitive impact for the Dollar and S&P 500. And, as we await the docket release, keep a wary eye on crypto markets. Via DailyFX - Market News https://ift.tt/qGmgDZY

Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance. Via DailyFX - Market News https://ift.tt/qGmgDZY

Bitcoin (BTC/USD) Plunges as Binance, FTX Deal Looms

The world’s largest cryptocurrency exchange Binance intends to acquire rival FTX.com after fears over a liquidity crunch drove Bitcoin to a fresh yearly low. Via DailyFX - Market News https://ift.tt/qGmgDZY

AUD/USD Forecast: Aussie Dollar Caught Between U.S. and China Dynamics

AUD/USD remains relatively composed against a backdrop of conflicting factors ahead of tomorrow’s U.S. CPI. Via DailyFX - Market News https://ift.tt/qGmgDZY

US Dollar Under Pressure as Treasury Yields Ease Ahead of US CPI. Where to for USD/JPY?

The US Dollar has continued to descend along with Treasury yields as the market weighs incoming midterm election results and the upcoming US CPI. Will USD/JPY break lower? Via DailyFX - Market News https://ift.tt/3tJfl4e

Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

Gold and silver prices are at key technical levels after rallying in the first half of the week as a US Dollar pullback improved conditions for the metals. The US consumer price index (CPI) may threaten the rally. Via DailyFX - Market News https://ift.tt/3tJfl4e

EUR/USD Clears October High to Eye September High

EUR/USD may attempt to test the September high (1.0198) as it clears the October high (1.0094). Via DailyFX - Market News https://ift.tt/3tJfl4e

Australian Dollar Steady as Yuan Wobbles after Chinese CPI and PPI Cools. Lower AUD/USD?

The Australian Dollar holds the high ground after China’s CPI and PPI was below forecasts but the Renminbi eased as hopes tilted toward an easing of conditions. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/3tJfl4e

Euro Holds High Ground as US Dollar Sidelined Ahead of Mid-Terms. Higher EUR/USD?

Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr - Talking Points Via DailyFX - Market News https://ift.tt/OV85dEh

Dollar Collapse Paused and S&P 500 Unsure as Extreme Volatility Confronts CPI Wait

Last week ended on a full-blown tumble from the US Dollar, but that unexpected plunge didn’t readily carry over to the new trading week. Systemic uncertainties remain but catalysts to move the markets along are thin in the first half of this week. Will the extreme low in expected volatility reading reign for the time being? Via DailyFX - Market News https://ift.tt/OV85dEh

Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets

Copper prices are slightly lower in Asia-Pacific trading, but last week’s triangle breakout may resume as speculators trim short bets. China poses the biggest question mark for the red metal. Via DailyFX - Market News https://ift.tt/OV85dEh

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

Gold has meandered higher in a period of US Dollar weakness as the market assesses the prospects for forward-looking inflation expectations ahead of US CPI. Higher XAU/USD? Via DailyFX - Market News https://ift.tt/OV85dEh

AUD/USD to Stage Another Run at October High on Break Above Monthly Opening Range

AUD/USD may stage another run at the October high (0.6547) if it clears the opening range for November. Via DailyFX - Market News https://ift.tt/OV85dEh

USD/JPY Biased to Downside as Japan FX Reserves Remain Plentiful

The Japanese Yen looks poised for additional strength against the US Dollar after intervention measures leave Japan’s foreign reserve deposits around $941 billion. Via DailyFX - Market News https://ift.tt/OV85dEh

Forex Trading: What is Forex? FX Trading Explained

Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another. Via DailyFX - Market News https://ift.tt/OV85dEh

Gold Price Forecast: XAU/USD Pares Back, Focus on Fed Speakers Ahead of CPI

Spot gold looks forward to Wednesday’s inflation print while XAU/USD hovers around key resistance. Via DailyFX - Market News https://ift.tt/OV85dEh

Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be driving sentiment for markets after recalibrating on news around China’s potential reopening. Via DailyFX - Market News https://ift.tt/OV85dEh

Euro Ran Higher on China Re-opening Rumours but Turns on Denial. Where to for EUR/USD?

The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD lower? Via DailyFX - Market News https://ift.tt/pcuNIqU

Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders. Via DailyFX - Market News https://ift.tt/pcuNIqU

Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US CPI report is on tap this week. Via DailyFX - Market News https://ift.tt/pcuNIqU

Weekly Fundamental US Dollar Forecast: Post-Fed Inflation Data Eyed

The economic calendar remains busy in the days ahead with a bevy of Federal Reserve speakers as well as the October US inflation report (consumer price index).

S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market

The U.S. inflation report will be the main catalyst for stocks next week. For the S&P and Nasdaq 100 to have a meaningful chance to move higher, the CPI data must show a significant slowdown. Via DailyFX - Market News https://ift.tt/pcuNIqU

Canadian Dollar (CAD) Forecast: Hawkish BoC and Strong Jobs Data Should Keep the Loonie on the Front Foot

Canadian dollar looks set to enjoy a bullish week thanks to a host of confluences. Will the US inflation print scupper CAD gains against the Dollar? Via DailyFX - Market News https://ift.tt/pcuNIqU

Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

The Japanese Yen is trading at or near notable technical levels against the US Dollar, Swiss Franc and Australian Dollar. Here are the charts to watch for USD/JPY, CHF/JPY and AUD/JPY. Via DailyFX - Market News https://ift.tt/pcuNIqU

Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report

The Japanese Yen gained against the US Dollar last week. Still, it remains a tough road ahead for the currency. All eyes turn to the next US inflation report. Via DailyFX - Market News https://ift.tt/pcuNIqU

Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week

Teaser: EUR/USD begins the week on the front foot post-NFP but key inflation releases this week could turn the tide. Via DailyFX - Market News https://ift.tt/y1p0fIO

Gold Price Defends Yearly Low with US CPI on Tap

The update to the US Consumer Price Index (CPI) may prop up the price of gold as the report is anticipated to show easing price pressures. Via DailyFX - Market News https://ift.tt/y1p0fIO

US Dollar’s Suffers Biggest Drop 7 Years, Is That the Start of Something?

The Federal Reserve made clear its intention to keep up its inflation fight, but that drive will only last so long. The DXY Dollar Index suffered its biggest daily drop since December 2015 to end this past week, while stretching a record-breaking run above the 100-day moving average. Will CPI, UofM survey or risk trends change that trend? Via DailyFX - Market News https://ift.tt/y1p0fIO

Australian Dollar Outlook: Wings Clipped by the RBA

The Australian Dollar lost ground after the RBA continued to tilt away from a hawkish stance and the US Dollar was underpinned by a Fed hosing down inflation. Will AUD/USD go lower? Via DailyFX - Market News https://ift.tt/y1p0fIO

October Jobs Report: Economy Adds 261,000 Payrolls. Where Next for the US Dollar?

The U.S. economy added 261,000 jobs in October, topping expectations calling for a gain of 200,000 payrolls, a sign that the labor market remains extraordinarily resilient. Via DailyFX - Market News https://ift.tt/YbG2kv0

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/YbG2kv0

EUR/USD Sliding Into Support as the US Jobs Report (NFP) Looms Large

Further signs of weakness in the Eurozone’s largest economy and a robust US dollar leave EUR/USD looking at further weakness ahead of US NFPs. Via DailyFX - Market News https://ift.tt/YbG2kv0

Gold Prints a Triple Bottom, NFPs Could Cap Further Gains

Spot gold failed to print a new YTD low. Have we seen the bottom already or will the NFP release push the precious metal to a new low? Via DailyFX - Market News https://ift.tt/YbG2kv0

ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

October U.S. services sector PMI clocks in at 54.4 versus 55.5 expected, a big step down from the previous month reading of 56.7, a sign that economic activity continues to decelerate. Via DailyFX - Market News https://ift.tt/p5NzAOq

GBP Breaking News: Pound Steady as BoE Hike Rates by 75bp

BoE delivers largest rate hike in 33 years. Sterling relatively unchanged as BoE says UK is already in a recession since Q3. Via DailyFX - Market News https://ift.tt/p5NzAOq

Trading the London Session: Guide for Forex Traders

Discover the London FX session, the best currency pairs to trade and how to trade breakouts. Via DailyFX - Market News https://ift.tt/p5NzAOq

EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday's session. Via DailyFX - Market News https://ift.tt/p5NzAOq

Gold Price Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting. Via DailyFX - Market News https://ift.tt/p5NzAOq

USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC

The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP. Via DailyFX - Market News https://ift.tt/p5NzAOq

South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000

South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000? Via DailyFX - Market News https://ift.tt/p5NzAOq

EUR/USD Outlook: 0.9850 Support Holds Firm as Markets Await Clarity

The pair has retreated further from parity to retest last week’s trendline break. Will the FOMC meeting give the pair some much needed direction? Via DailyFX - Market News https://ift.tt/eNuZB5j

Gold Prices Hold Nascent Uptrend As Markets Look To Fed

The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support. Via DailyFX - Market News https://ift.tt/eNuZB5j

The US Dollar (USD) is Primed For Action with November’s Fed Decision Imminent

This week’s big event, the latest Federal Reserve rate decision, is upon us and the US dollar is prepared for a move. Via DailyFX - Market News https://ift.tt/eNuZB5j

Crude Oil Forecast: Brent Bid on Possible Reduction in China’s COVID Policies, API & FOMC

Brent crude oil pushed higher after several fundamental catalysts provided upside support ahead of FOMC later this evening. Via DailyFX - Market News https://ift.tt/eNuZB5j

FOMC Strategy Amid a Strong S&P 500 Rebound and Buoyant Dollar

We are heading into this week’s top event risk: the FOMC rate decision. The market consensus is for a fourth consecutive, 75 basis point rate hike; but that exceptional extension of a historical hawkish charge is likely baked in. So what should we focus on for this key event and what markets are most exposed? Via DailyFX - Market News https://ift.tt/eNuZB5j

British Pound News: GBP Dictated by USD Ahead of FOMC

GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions. Via DailyFX - Market News https://ift.tt/R38u9IN

The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up

The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs? Via DailyFX - Market News https://ift.tt/R38u9IN

Australian Dollar Dips After RBA Hike by 0.25% as Expected. Where to for AUD/USD?

The Australian Dollar weakened after the RBA raised the cash rate target by 25 basis points to 2.85% as the central bank slows down the inflation fight. Will AUD/USD go lower? Via DailyFX - Market News https://ift.tt/R38u9IN

Dow Closes Out Its Best Month Since 1976 But Fed Anticipation Will Throttle

We have closed out the month of October in pretty dramatic fashion with the Dow Jones Industrial Average earnings its biggest single-month’s rally since January 1976. That wasn’t a universal charge however and the immediate outlook is facing some immediate throttling in the form of FOMC anticipation. Via DailyFX - Market News https://ift.tt/R38u9IN

Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data

Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report. Via DailyFX - Market News https://ift.tt/R38u9IN

Gold Price Falls Towards Monthly Low After Failing to Test 50-Day SMA

The price of gold appears to be on track the test the monthly low ($1617) as it reverses ahead of the 50-Day SMA ($1680). Via DailyFX - Market News https://ift.tt/R38u9IN