Euro’s Outlook Turns Bearish After ECB Decision, Setups on EUR/USD, EUR/GBP

The prospect of the ECB starting its easing cycle before the Federal Reserve and the Bank of England and delivering more rate cuts than both institutions this year may put downward pressure on the euro against the U.S. dollar and sterling in the near term. Via DailyFX - Market News https://www.dailyfx.com

Gold, Silver Technical Forecast: Price Action Setups Analysed

Precious metals have eased slightly in the wake of the elevated CPI report. Both gold and silver currently test significant levels of resistance Via DailyFX - Market News https://www.dailyfx.com

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clues on when the ECB will start cutting rates Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying Levels

Japanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play Via DailyFX - Market News https://www.dailyfx.com

US Inflation Jumps, Rate Cut Expectations Pared Back Sharply, Gold Slides

US inflation came in above forecast in March, sending the US dollar sharply higher, as US rate cut expectations are pared back further. Via DailyFX - Market News https://www.dailyfx.com

Navigating Volatile Markets: Strategies and Tools for Traders

Traders are drawn to volatility due to increased trading opportunities. However, volatile markets require skill, experience, and effective risk management. Via DailyFX - Market News https://www.dailyfx.com

Gold Rally Continues, US Inflation Data the Next Obstacle to Clear

The precious metal remains bid and in record high territory, underpinned by ongoing fears in the Middle East. Today’s US inflation data may hamper further progress. Via DailyFX - Market News https://www.dailyfx.com

US Inflation Preview: US Dollar & Stocks on Edge. How to Trade this Risk Event?

Wednesday's U.S. inflation report has the potential to cause significant volatility, so traders should prepare for the possibility of treacherous market conditions, especially if the incoming data surprises to the upside. Via DailyFX - Market News https://www.dailyfx.com

Gold Hits Yet Another All-Time High, Silver Surges Ahead of US CPI

Precious metals soar, with gold printing another new high and silver picking up where it left off last week. Prices appear immune to warnings of delayed rate cuts Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Nears a Multi-Decade Low, Will Talk Turn to Action?

USD/JPY remains close to making a fresh multi-decade high despite official warnings last week that the Yen was too weak. The question lingers: will the BOJ take action beyond verbal intervention to strengthen the Yen? Via DailyFX - Market News https://www.dailyfx.com

US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising

The disconnect between the US dollar and US treasuries recently is an interesting one but may have to do with improving EU sentiment. Upward surprise in CPI to jolt DXY? Via DailyFX - Market News https://www.dailyfx.com

Gold Price Outlook: Drivers Behind Market Boom, Reversal or New Record Ahead?

Gold has soared and hit one record after another this year despite the rally in U.S. real yields, with the bulk of the bullish move taking place over the course of the past two months. What’s behind bullion’s boom? Via DailyFX - Market News https://www.dailyfx.com

Kiwi and Aussie Outlook Ahead of the RBNZ Meeting

The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance Via DailyFX - Market News https://www.dailyfx.com

Bitcoin (BTC) Nears New All-Time High as Halving Event Looms, Coinbase (COIN) Benefits

Bitcoin is above $72k to start the week and is looking set to print a new all-time high ahead of the highly anticipated halving event later this month. Via DailyFX - Market News https://www.dailyfx.com

Oil Price Update: Israeli Troops Withdraw from the South, Peace Talks Underway

Israeli troops have been withdrawn from Southern Gaza in response to the recent backlash. Peace talks also got underway in Egypt at the weekend but progress remains limited Via DailyFX - Market News https://www.dailyfx.com

US Dollar Grabs an Early Bid, Rate Cut Now Seen as 50/50, Gold Rallies Further

The US dollar has opened the week on the front foot, supported by higher US Treasury yields. A June US rate cut is now seen as 50/50 Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold, US Dollar, Euro, Pound Sterling

This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date Via DailyFX - Market News https://www.dailyfx.com

US Dollar’s Outlook Rides on US Inflation Data - EUR/USD, USD/JPY, GBP/USD

The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations. Via DailyFX - Market News https://www.dailyfx.com

Brent Crude Prices Hit $90 as Geopolitical Tensions Flare up

Brent crude oil breached the $90 mark after Israel’s latest attack on Iranian targets stoked already elevated tension. Biden calls for immediate Gaza aid amid policy warning Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen (USD/JPY) On Edge After Official Verbal Intervention, NFPs Next

Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen. Via DailyFX - Market News https://www.dailyfx.com

EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation

This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in the coming days. Via DailyFX - Market News https://www.dailyfx.com

Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX Pairs

EUR/USD, USD/JPY, and GBP/USD are among the most heavily traded currency pairs in the forex market. Each pair boasts unique characteristics and dynamics, demanding tailored trading approaches. Via DailyFX - Market News https://www.dailyfx.com

Gold Posts a Fresh All-Time High Above $2,300 as US NFPs Near

Gold continues to rally and today traded above $2,300/oz. level. Friday’s US Jobs Report (NFP) will consolidate or break this move higher Via DailyFX - Market News https://www.dailyfx.com

Dow, Nasdaq 100 and Hang Seng Look to Push Higher

Indices have recovered from their lows of the week, with US indices potentially looking at fresh record highs in the near future Via DailyFX - Market News https://www.dailyfx.com

Euro Update: Weaker US Activity Data Helps the Euro Reclaim Lost Ground

The euro has found its feet after slower US PMI data and a more dovish message from the Fed resulted in higher moves for both EUR/USD and EUR/CHF Via DailyFX - Market News https://www.dailyfx.com

Decoding Fedspeak: How Central Banker Comments Move Markets – Gold & US Dollar

In the world of finance, words can sometimes be as powerful as actions. Known as "Fedspeak", the speeches, statements, and even subtle remarks made by key figures within the Federal Reserve can cause significant ripples or even tidal waves across global markets. Via DailyFX - Market News https://www.dailyfx.com

Pound Sterling Update: GBP/USD Lifts Higher, GBP/CHF Treads Carefully

Sterling boasts a strong interest rate differential, but encouraging inflation data has undermined the currency somewhat. UK data is light but NFP ought to shake things up Via DailyFX - Market News https://www.dailyfx.com

US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put

The oil market is on a tear this year, but prices’ long rally is starting to look as if it might need a rest. Via DailyFX - Market News https://www.dailyfx.com

Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks

The second quarter of the year looks set to bring renewed volatility to a wide range of assets classes as a slew of central banks look set to pull the trigger on interest rate cuts. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Achieves Another All-Time High as Safe Haven Appeal Ramps up

Gold volatility has been on the rise, buoyed further by the recent escalations in Russia and the Middle East adding to the metal’s safe haven appeal Via DailyFX - Market News https://www.dailyfx.com

US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD

The upcoming release of the March U.S. jobs report is set to inject considerable volatility into financial markets and could have a decisive impact on the performance of the U.S. dollar in the near future. Via DailyFX - Market News https://www.dailyfx.com

Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East

A drone strike on Russian oil infrastructure and Israel’s targeted attack on the Iranian embassy in Damascus helped maintain oil’s recent rise ahead of the OPEC meeting Via DailyFX - Market News https://www.dailyfx.com

British Pound Bounces As Manufacturing Scrapes Back Into Growth

Sterling was knocked by some surprise strength in US output and remains under pressure despite some domestic expansion. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Rallies, EUR/USD Slumps, Gold Continues to Push Ever Higher

The US dollar is trading at a multi-month high after data showed that inflation in the US is creeping higher. Despite higher US Treasury yields, gold continues to eye a fresh record high. Via DailyFX - Market News https://www.dailyfx.com

Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD, NZD/USD Biased Lower

This article meticulously examines retail sentiment on gold, AUD/USD, and NZD/USD, analyzing potential outcomes using contrarian indicators. Via DailyFX - Market News https://www.dailyfx.com

SPY and QQQ Seem Overbought but RSP Looks Attractive

After a blazing start to 2024, led by AI-fueled tech enthusiasm and the Fed's dovish pivot, U.S. stocks might have further room to run. However, high valuations demand that traders and investors alike become more selective. Via DailyFX - Market News https://www.dailyfx.com

Q2 Top Trade - Sell 10 Year UK Gilt Yields

The Bank of England (BoE) turned dovish in the past few days and this means that a UK interest rate cutting cycle is on the way, and perhaps sooner than financial markets originally anticipated. Via DailyFX - Market News https://www.dailyfx.com

Top Trading Idea Q2 2024: Long USD/CHF

In Q1 the Swiss National Bank fired the starting pistol for rate cuts while robust US data suggests the dollar will remain well supported in Q2 Via DailyFX - Market News https://www.dailyfx.com

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

The second quarter is gearing up to be an eventful period for central banks and promises a whirlwind of market forces, setting the stage for exciting trading opportunities across currencies, stocks, commodities, and cryptos. Via DailyFX - Market News https://www.dailyfx.com

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

The US dollar performed phenomenally in Q1 - something that is likely to continue but perhaps to a lesser degree now that growth is moderating and rate cuts come into focus Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Q2 Outlook – OPEC’s Cuts Will Keep Prices Underpinned

Crude oil prices may continue to rise in the second quarter of 2024, but they remain subject to the considerable short-term uncertainty that dogged them at the start of the year. Via DailyFX - Market News https://www.dailyfx.com

Euro Fundamental Forecast: ECB Will Start Cutting Interest Rates in Q2

Easing price pressures and a stagnant economy will likely see the ECB cut rates in Q2 with more to follow if recent central bank rhetoric is to be believed Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Q2 Fundamental Forecast: Brighter Days Ahead, Catalysts to Watch

This article provides a comprehensive analysis of the second-quarter outlook for the Japanese yen, shedding light on factors that could spur volatility and dictate price action. Via DailyFX - Market News https://www.dailyfx.com

Australian Dollar Q2 Technical Forecast: AUD/USD and AUD/JPY

This article offers a detailed examination of the technical outlook for the Australian dollar, dissecting price action dynamics and market sentiment to uncover potential catalysts for major market shifts. Via DailyFX - Market News https://www.dailyfx.com

Bitcoin Q2 Fundamental Forecast: Current Demand/Supply Imbalance is Driving Bitcoin Higher

In this article, we delve into the fundamental outlook for Bitcoin, examining significant market catalysts that may shape the trajectory of cryptocurrencies in the second quarter. Via DailyFX - Market News https://www.dailyfx.com

Equities Q2 Fundamental Outlook: AI Euphoria, US Election and the Fed to Drive US Stocks

US stocks enjoyed a broad rally in Q1 and the positive market sentiment looks likely to spill over into Q2. The prospect of rate cuts and the growing AI drive supports US stocks Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture

This article explores the technical prospects of the Japanese yen for the second quarter across three key pairs: USD/JPY, EUR/JPY, and GBP/JPY. It considers both price action dynamics and market sentiment for a comprehensive and holistic outlook Via DailyFX - Market News https://www.dailyfx.com

Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last

This article concentrates on the fundamental outlook for the Australian dollar, analyzing market catalysts and key drivers that are expected to exert significant influence on the currency's dynamics in the second quarter. Via DailyFX - Market News https://www.dailyfx.com

Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

The Office for National Statistics confirmed that the UK entered into a recession in Q4. GBP held up in Q1 but the threat of sharp declines in inflation may weaken the currency Via DailyFX - Market News https://www.dailyfx.com

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure. Via DailyFX - Market News https://www.dailyfx.com

Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts. Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter Via DailyFX - Market News https://www.dailyfx.com

FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric was before prior FX intervention Via DailyFX - Market News https://www.dailyfx.com

Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers

Gold appears upbeat at the start of the week, although, the current move higher is already showing signs of slowing. Silver continues to trade lower, testing a well-known level Via DailyFX - Market News https://www.dailyfx.com

Euro Gains Again Despite More Dovish ECB Commentary

The Euro has bounced despite a clear rethink of the once-broadly-held idea that the US will see earlier, deeper rate cuts than the Eurozone Via DailyFX - Market News https://www.dailyfx.com

Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off

Cable attempts to claw back losses that ensued after the Fed meeting. Catherine Mann, a more hawkish member of the MPC, detailed why she no longer voted to hike Via DailyFX - Market News https://www.dailyfx.com

Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies

Bitcoin is back above $70k after rallying sharply over the last three sessions. A fresh attempt at a new ATH is likely ahead of April’s halving event. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

The price of gold has pushed higher today after last Thursday’s sharp sell-off. Sentiment remains positive and a new ATH is not too far away. Via DailyFX - Market News https://www.dailyfx.com

British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts

GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping. Via DailyFX - Market News https://www.dailyfx.com

Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves

The minutes from Tuesday’s BoJ meeting confirmed that the inflation target has not been achieved and that hikes will be measured. FX official unimpressed by volatile yen Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances

It was a busy week for major central bankers with two major banks altering interest rates. Gold issues a bearish warning, sterling appears deflated and USD reclaims losses Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups

This article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth. Via DailyFX - Market News https://www.dailyfx.com

Oil Update: Russia-Ukraine War Targets Energy Infrastructure

US president Joe Biden has urged Ukraine not to target Russia’s oil infrastructure as it risks sending prices higher. Brent prices appear largely unshaken Via DailyFX - Market News https://www.dailyfx.com

US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift

The US dollar is pushing higher, helped by Euro and Sterling weakness after Thursday’s BoE rate meeting. Short-dated US Treasury yields though remain anchored. Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations

EUR/USD attempts to reign in yesterday’s gains as the dust settles on the FOMC announcement and slightly dovish presser from Powell. SNB delivers surprise cut Via DailyFX - Market News https://www.dailyfx.com

Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips

The Bank of England left rates unchanged at today’s meeting but the closely watched vote split turned dovish, sending UK Gilt yields and GBP lower. Via DailyFX - Market News https://www.dailyfx.com

Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View

The Fed reaffirmed its view of three rate cuts this year and raised its outlook on inflation and GDP. The dollar experienced a dovish repricing, propelling gold notably higher Via DailyFX - Market News https://www.dailyfx.com

Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100

The Fed held borrowing costs unchanged at its March meeting and continued to signal that it would implement three rate cuts this year despite upside inflation risks. This dovish outlook boosted gold prices and the Nasdaq 100. Via DailyFX - Market News https://www.dailyfx.com

Fed on Hold, 2024 Policy Outlook Unchanged – Gold & US Dollar on the Move

The Federal Reserve kept its monetary policy settings unchanged for the fifth consecutive meeting and signaled its intention to deliver 75 basis points of easing this year, the same outlook embraced back in December. Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Selloff Continues Ahead of the FOMC Meeting

The yen failed to halt a selloff that gained momentum after the dovish hike from the Bank of Japan. USD/JPY remains vulnerable, particularly if the Fed foresees fewer cuts ahead Via DailyFX - Market News https://www.dailyfx.com

UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed

UK inflation fell to the lowest level in over two years in February, helped by falling food prices. GBP/USD is little changed as the latest Fed policy decision nears. Via DailyFX - Market News https://www.dailyfx.com

Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed

Canadian inflation softened more than expected in February, bringing potential rate cuts closer at a time when markets foresee the Fed having to delay its first cut until July Via DailyFX - Market News https://www.dailyfx.com

British Pound Wilts As Markets Await Both Fed and BoE

There are central bank policy decisions for both sides of GBP/USD in the next forty-eight hours Via DailyFX - Market News https://www.dailyfx.com

Euro Latest – ZEW Economic Sentiment Improves, EUR/USD Hinges on FOMC Decision

Economic sentiment in the Euro Area and Germany turned higher in March, according to the latest ZEW report, but Wednesday’s FOMC meeting will dictate the next EUR/USD move. Via DailyFX - Market News https://www.dailyfx.com

Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive

The bank of Japan (BoJ) agreed that a virtuous cycle between wages and prices has been met, enabling an historic moment for the accommodative central bank. Yen weaker Via DailyFX - Market News https://www.dailyfx.com

Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

The Federal Reserve's interest rate decision and policy outlook this week could be a source of market volatility and help guide gold prices in the near term. Via DailyFX - Market News https://www.dailyfx.com

Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI

Sterling remains one of the better performers against the dollar this year with the BoE less dovish than the Fed – something that could improve its interest rate differential Via DailyFX - Market News https://www.dailyfx.com

Euro Higher Despite Market Worries of More Gradualist Fed

The US central bank was expected to cut rates this month at the start of the year. Now the markets are sure it won’t. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent

Tuesday’s Bank of Japan policy decision may see the central bank lift interest rates out of negative territory for the first time since January 2016 Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap

Five major central banks announce their latest monetary policy decisions next week and post-announcement commentary will be key. And the Nasdaq might need some help. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?

The Federal Reserve's decision and monetary policy guidance in the coming week will be the focus of financial markets. A hawkish outcome could be positive for the U.S. dollar and yields, but bearish for gold prices. Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Levels Off at Support Ahead of Key Fed Decision – Outlook & Analysis

This article looks at EUR/USD’s near-term outlook, examining potential technical scenarios ahead of the Fed decision next week. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near

The latest PPI report gave the US dollar a push higher on Thursday ahead of next week’s FOMC meeting. Via DailyFX - Market News https://www.dailyfx.com

Japanese Wages Rise to 30-Year High, Fueling BoJ Rate Speculation

Japan’s largest trade union group, Rengo, announced a 5.28% wage increase for its workers – supporting the view that the BoJ is likely to hike rates before the summer Via DailyFX - Market News https://www.dailyfx.com

US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups

This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY and GBP/USD, exploring various technical and fundamental scenarios that could play out in the near term. Via DailyFX - Market News https://www.dailyfx.com

IEA Revises Oil Demand Outlook, Tweaks Supply Estimates – Oil Rises

The International Energy Agency (IEA) revised its global oil demand growth by 110,000 barrels per day and trimmed back supply estimates. Oil trading higher on the day Via DailyFX - Market News https://www.dailyfx.com

Gold Price Coils Further, Silver Hits a Multi-Week High

Gold is seemingly putting together a bullish pennant on the daily chart, while silver looks to push further ahead after Wednesday’s break of resistance. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support

Decades of ultra-loose monetary policy have put the Yen in a unique position among major currencies. But for how much longer? Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer

Well-known dove, Yannis Stournaras called for not one, but two rate cuts before the summer break, contrasting with the overall ECB stance to follow the Fed Via DailyFX - Market News https://www.dailyfx.com

US Dollar Seeks Fed Signals in PPI, Retail Sales Data - EUR/USD, USD/JPY Setups

The release of U.S. PPI and retail sales data on Thursday is poised to capture the market's focus and potentially ignite volatility, as both macroeconomic reports may influence the Fed’s monetary policy outlook. Via DailyFX - Market News https://www.dailyfx.com

Bitcoin (BTC) and Ethereum (ETH) Rally Further – Where to Next?

Bitcoin and Ethereum continue to post new highs, despite the occasional sharp sell-off. The outlook remains positive as the Bitcoin halving event gets ever closer. Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Pop Up On Bullish OPEC Demand Calls

Crude Oil prices have managed strong gains, but the market looks heavy up here and may be in some danger of topping out Via DailyFX - Market News https://www.dailyfx.com

British Pound Update – GDP Picks Up in January, GBP Unchanged, FTSE Tests Resistance

UK GDP figures showed economic growth picking up in January but the outlook still looks weak. Sterling remains little changed while the FTSE 100 tests multi-month resistance. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: Hot US Inflation Data Drives USD/JPY Higher. What Now?

This article examines the USD/JPY’s technical outlook, analyzing key price levels that traders should watch over the coming trading sessions. Via DailyFX - Market News https://www.dailyfx.com

Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise

US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets Via DailyFX - Market News https://www.dailyfx.com

US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, Gold Drifts

US inflation came in above expectations in February but the market is currently shrugging off the data having any impact on policy as US rate cut expectations remain unchanged. Via DailyFX - Market News https://www.dailyfx.com

British Pound Latest - UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher

The latest official UK labor statistics show the UK jobs market cooling a fraction with the unemployment rate nudging higher and wages ticking lower. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Gains Before US Inflation, Volatility Ahead - Setups on EUR/USD, USD/JPY

The U.S. dollar rebounded slightly on Monday, following last week's sharp decline, ahead of the release of key U.S. inflation data that could determine the near-term outlook for currency markets. Via DailyFX - Market News https://www.dailyfx.com

British Pound Update, GBP/USD Near Multi-Month Highs, EUR/GBP Eyes New Lows

The Bank of England is expected to lag both the Fed and the ECB when it comes to cutting interest rates, helping to boost Sterling against the US dollar and the Euro. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Gains Again As Dollar Wilts, BoJ Policy in the Spotlight

The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones Via DailyFX - Market News https://www.dailyfx.com

US Dollar Weakness Persists, Bitcoin Hits a New All-Time High, Gold Consolidates

A quiet start to the week across most markets ahead of Tuesday’s US CPI release, although Bitcoin is soaring to a fresh record high. Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

Interest rates in the EU and the US look set to be cut in June, Nasdaq slides on Nvidia sell-off, Gold continues to print fresh highs. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: US CPI to Spark Next Big Move - EUR/USD, USD/JPY, GBP/USD

February's U.S. inflation data is poised to ignite heightened market volatility in the upcoming week, playing a pivotal in shaping the near-term outlook for the U.S. dollar. Via DailyFX - Market News https://www.dailyfx.com

Euro Weekly Forecast: Gains Look Vulnerable in Week of Modest Data

This article explores euro’s fundamental and technical outlook, examining pivotal factors that may influence price movements in the upcoming week. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Falls Further After US NFP Beat But January Number Revised Sharply Lower

The latest US Jobs Report (NFPs) beat market expectations – 275k vs. 200k forecast – but the blowout January number of 353k was revised sharply lower to 229k. Via DailyFX - Market News https://www.dailyfx.com

Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks

Ethereum is bubbling under the $4k level after a sustained rally since late-January. The medium-term outlook remains positive but care needs to be taken in the short-term. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near

Fed Chair Powell pushed the US dollar lower yesterday after indicating that rate cuts are on the horizon, a similar view to ECB President Lagarde earlier in the day. Via DailyFX - Market News https://www.dailyfx.com

US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups

The February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar. Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged

The European Central Bank (ECB) left policy dials untouched today and revised down both their inflation and growth targets. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report. Via DailyFX - Market News https://www.dailyfx.com

Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY

This article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing price action dynamics and market sentiment. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

The U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S. jobs report. Via DailyFX - Market News https://www.dailyfx.com

GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts

Forecasts from the Office for Budget Responsibility (OBR) restricted Jeremy Hunt’s options his ongoing mission to boost UK growth and reduce government debt Via DailyFX - Market News https://www.dailyfx.com

Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

There’s plenty of action still to come this week for both sides of the modestly bullish EUR/USD pair Via DailyFX - Market News https://www.dailyfx.com

Gold Price Latest: All-Time High Remains Within Touching Distance

Later today Fed Chair Jerome Powell will testify before the House Financial Services Committee and gold traders will be listening carefully. Via DailyFX - Market News https://www.dailyfx.com

S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Struggle As China Growth Plans Fail to Convince

Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later. Via DailyFX - Market News https://www.dailyfx.com

Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024 Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility. Via DailyFX - Market News https://www.dailyfx.com

Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger Via DailyFX - Market News https://www.dailyfx.com

British Pound Gains Again Despite UK Spring Budget Jitters

The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t. Via DailyFX - Market News https://www.dailyfx.com

Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally? Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week's bullish breakout, however, depends on the upcoming U.S. jobs report. Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Recovers on Ueda's Dovish Remarks, Critical Tech Levels Ahead

The yen lost ground on Friday after BoJ Governor Ueda indicated that inflation is retreating rapidly and that further confirmation of the sustainability of the price goal is needed to change strategy, signaling that a March rate hike is unlikely. Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again

EU core inflation y/y dipped to 3.1% in February from 3.3% in January but came in above market expectations of 2.9%. EUR/USD eyeing a break below 1.0800. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Outlook: Yen Appeal Proves Short-lived, Wage Data in Focus

The Japanese Yen has surrendered the majority of its gains just 24 hours after BoJ Board Member Hajime’s calls for policy normalisation. Huge focus on wage data this month Via DailyFX - Market News https://www.dailyfx.com

Gold Price Outlook: Fundamental & Technicals at Odds, What Now for XAU/USD?

This article examines gold’s near-term outlook, exploring various scenarios that may arise following the release of core PCE data, which is considered the Federal Reserve's preferred inflation measure. Via DailyFX - Market News https://www.dailyfx.com

Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall

US indices continue to tiptoe lower after last week’s highs, while the Hang Seng’s bounce from the January lows is coming under pressure. Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Rests Upon Key Long-Term Trend Filter Ahead of Key Inflation Data

EU jobs and inflation data in focus today alongside US PCE figures. EUR/USD sits on a key level as traders adopt a ‘wait and see’ approach to FX moves Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk

USD/JPY slips back below 150 after one Bank of Japan board member suggested that the central bank’s inflation target is finally in sight Via DailyFX - Market News https://www.dailyfx.com

Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USD

This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Slips, Market Seems Warier of Intervention Chances

The Japanese authorities appear more wary of involvement in FX markets than they once were, but entrenched Yen weakness may see it back in play. Via DailyFX - Market News https://www.dailyfx.com

FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the second estimate of the US Q4 GDP growth and PCE inflation prints. Via DailyFX - Market News https://www.dailyfx.com

RBNZ Issues Dovish Hold and Aus Inflation Stands Firm, NZD Weakened

Markets have all but removed the likelihood of further rate hikes from the RBNZ after its dovish hold on the official cash rate. Aussie monthly inflation remains at 3.4% Via DailyFX - Market News https://www.dailyfx.com

Euro Technical Analysis & Trade Setups - EUR/USD, EUR/GBP and EUR/JPY

This article dissects the technical outlook for EUR/USD, EUR/GBP, and EUR/JPY, scrutinizing price action dynamics and sentiment to glean insights into potential directional shifts. Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Slip Back Despite Red-Sea Supply Worries

Attacks on shipping by Houthi militia in solidarity with Gaza have boosted oil prices. It’s unclear whether any temporary ceasefire would halt them. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Outlook: Markets Prioritise CPI Beat over Lower Trending Prices

Markets continue to favour the carry trade despite officials’ warnings around FX intervention. Inflation beat expectations but has declined every month since October Via DailyFX - Market News https://www.dailyfx.com

Bitcoin (BTC/USD) Hits $57k, Ethereum (ETH/USD) Touches $3,275 as Buyers Dominate the Market

The cryptocurrency market cap is currently just over $2.13 trillion, up nearly 7% yesterday, as the market turned a sea of green on heavy buying Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE

This article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups

This article examines possible scenarios for the U.S. dollar ahead of key U.S. PCE data, scrutinizing the technical outlook for three major FX pairs: EUR/USD, USD/CAD and USD/JPY. Via DailyFX - Market News https://www.dailyfx.com

Ethereum Spot ETF – The Next Cab Off the Rank?

Following the recent successful launch of more than ten Bitcoin ETFs, the investment community has turned its attention to the second-largest cryptocurrency by market capitalization, Ethereum (ETH). Via DailyFX - Market News https://www.dailyfx.com

British Pound Edges Up Again, US Data Will Run This Week’s Trade

Sterling has enjoyed a run higher thanks in part to some better news from its home economy. There’s not much on this week’s slate, which will leave the Dollar in charge. Via DailyFX - Market News https://www.dailyfx.com

Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation Data

AUD/USD is coming off a string of eight consecutive days of gains but appears to have found resistance at a key longer-term level now that Chinese markets have eased Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported

US growth and inflation data provide the pick of the bunch this week. CPI in Germany will influence ECB rate cut expectations and will a quiet week in the UK benefit GBP? Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups

This article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE data. Via DailyFX - Market News https://www.dailyfx.com

Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts

Fed officials continued to signal a preference to remain patient on the topic of rate cuts as the US economy, consumer and labour market maintain their resilience Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

The German economy remains weak and the single currency is starting to struggle against the US dollar and Sterling Via DailyFX - Market News https://www.dailyfx.com

US Dollar’s Bullish Bias Holds Steady; Setups on EUR/USD, GBP/USD, Gold Prices

This article delves into the outlook for EUR/USD, GBP/USD, and gold, shedding light on crucial price thresholds to monitor in the upcoming trading sessions. Via DailyFX - Market News https://www.dailyfx.com

Gold Prices Rise Again On Weaker Dollar, Geopolitics Dominate

The prospect of higher-for-longer rates is a headwind for gold, but the markets still think cuts will come, and that’s supportive Via DailyFX - Market News https://www.dailyfx.com

British Pound (GBP) Latest – GBP/USD Boosted by Positive UK PMIs, Weak US Dollar

The latest UK S&P PMIs suggest that the economy is growing by 0.2-0.3% in Q1 2024, confirming the BoE’s view that the UK’s recession is likely to be short-lived. Via DailyFX - Market News https://www.dailyfx.com

German PMI Data Slumps after Decent Run, Broader EU PMI Data Mixed

Thursday’s PMI data was always going to be scrutinized after the Bundesbank signalled the likelihood of a German recession. Forward-looking metrics disappointed Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Heavy As Global Demand Worries Win Out Over Geopolitics

Conflict in Ukraine and Gaza have clouded oil supply prospects but demand is in focus at the moment thanks to higher interest rates and China’s economic woes. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Trims Losses After Fed Minutes Caution Against Premature Rate Cuts

The Fed minutes showed that most officials are wary of cutting interest rates quickly and want to see additional evidence of persistent disinflation before pulling the trigger. This policy stance could benefit the U.S. dollar for now. Via DailyFX - Market News https://www.dailyfx.com

USD/ZAR Price Forecast: Rand Marginally Weaker after Local CPI Inflation

USD/ZAR price forecast: rand marginally weaker after local CPI inflation Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again

USD/JPY is trading on either side of 150 on a marginally weaker Japanese Yen after balance of trade data showed Japanese exports booming. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Subdued Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY, USD/CAD

This article focuses on the technical outlook for three popular U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Throughout the piece, we scrutinize potential scenarios and examine key price levels worth watching in the coming days. Via DailyFX - Market News https://www.dailyfx.com

Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery

Oil prices softened on Tuesday after posting a near 10% recovery from the February low. Recent support measures out of China appear to have appeased markets for now Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Ticks Lower, FOMC Minutes, Japanese Trade In Focus

USD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR) Price Latest – EUR/USD Testing Resistance, EUR/GBP Eyes Multi-Week High

The single currency is pushing ahead against a marginally weaker US dollar and British Pound, but further progress may prove difficult. Via DailyFX - Market News https://www.dailyfx.com

Sterling Update: GBP/USD Hanging on but Breakdown Threat Looms

Cable has struggled to remain within its broader trading range, attempting to forge a lower path but the key 200-day simple moving average has provided support for the pair Via DailyFX - Market News https://www.dailyfx.com

Historic Rate Rise on Track Despite Recession, USD/JPY Contained

Market expectations still eye a potential rate hike from the Bank of Japan as soon as April and fully price one in by June. This is despite Japan dropping into recession Via DailyFX - Market News https://www.dailyfx.com

British Pound Holds On Above $1.26, But Watch That Level Closely

Neither Pound or Dollar have a lot to look forward to in terms of tradable data points this week, which may leave the technical in charge. Via DailyFX - Market News https://www.dailyfx.com

AUD/USD Outlook: AUD Lifted as Chinese Trade Resumes, RBA Minutes Next

The Aussie dollar has enjoyed some good fortune over the last three trading days, buoyed by a positive resumption of trade in China after new year celebrations Via DailyFX - Market News https://www.dailyfx.com

Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near

Gold is opening the week on the front foot and continuing last week’s rally. Price action may be limited today however with US markets closed for the Presidents’ Day holiday. Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears

Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD

This article scrutinizes the technical outlook for three major U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Within the piece, we assess market sentiment and examine essential price levels that traders should have on their radar in the upcoming days. Via DailyFX - Market News https://www.dailyfx.com

FTSE 100 Recovers, while Dax and Dow make Further Gains

Indices have put the US CPI reading firmly behind time, with the Dax moving to a new record and the Dow targeting 39,000. Even the FTSE 100 is moving higher. Via DailyFX - Market News https://www.dailyfx.com

US Earnings Preview: What to Expect from NVIDIA Results

For NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations. Via DailyFX - Market News https://www.dailyfx.com

UK Retail Sales Soar in January to Erase December Slump, GBP Unfazed

Sterling rose but almost immediately settled back down after UK retail sales in January made up for Decembers dismal data. GBP reflects on a busy week Via DailyFX - Market News https://www.dailyfx.com

Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues

This article explores gold's fundamental and technical outlook, dissecting key scenarios that could play out in the near term in response to U.S. PPI data. Via DailyFX - Market News https://www.dailyfx.com

Bitcoin (BTC/USD) Continues to Post Fresh Multi-Month Highs, Ethereum (ETH/USD) Eyes $3k

Bitcoin has rallied by over 20% already this month as buyers continue to dominate the market. A short-period of consolidation could lead to further gains as the ‘halving’ draws closer. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Gains As Growth Data Put Spotlight On BOJ Policy Shift

Markets have been braced for a withdrawal from the longest period of easy monetary policy by any central bank. Japanese growth data numbers make that less likely Via DailyFX - Market News https://www.dailyfx.com

UK Recession Confirmed by Dismal Q4 GDP Data – GBP, FTSE Reaction

Worse-than-expected UK GDP data for Q4 plunged the UK into recession. Attention now turns to possible tax cuts to be announced in the Spring Statement - BoE stands firm Via DailyFX - Market News https://www.dailyfx.com

British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPY

This article explores the technical outlook for several British pound currency pairs, including GBP/USD, EUR/GBP and GBP/JPY. Recent market sentiment dynamics and key levels to watch are also discussed. Via DailyFX - Market News https://www.dailyfx.com

The Next Bitcoin Halving Event – What Does it Mean?

Bitcoin halving is a scheduled event that occurs approximately every four years, or after 210,000 blocks have been mined. Via DailyFX - Market News https://www.dailyfx.com

Gold Sinks, Weighed Down by the Dollar and US Yields Post CPI

Gold is still reeling after stubborn inflation in January sent US yields and the dollar higher. The precious metal eyes further levels of support including the 200 SMA Via DailyFX - Market News https://www.dailyfx.com

British Pound (GBP) Update – UK Inflation Unchanged in January, Rate Cut Expectations Trimmed

UK inflation was unchanged in January but came in marginally below market forecasts as higher energy prices were offset by lower food and household costs Via DailyFX - Market News https://www.dailyfx.com

Gold Price, Nasdaq 100, EUR/USD - What Comes Next After US CPI Data?

This article provides an in-depth examination of the technical outlook for gold, the Nasdaq 100 and EUR/USD following January’s US inflation data, pinpointing significant price thresholds poised to act as support or resistance in the coming days. Via DailyFX - Market News https://www.dailyfx.com

Euro Price Outlook: Hot US CPI Weighs on the Euro

US CPI proved hotter-than-expected, sending the euro lower. Technically, the euro has a few lifelines which challenge the longevity of recent dollar strength Via DailyFX - Market News https://www.dailyfx.com

US Dollar Jumps on Stronger-Than-Expected Inflation Data, Gold Crumbles into Support

US inflation was reported higher-than-expected in January, sending US Treasury yields and the US dollar sharply higher. Via DailyFX - Market News https://www.dailyfx.com

UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPY

UK employment picked up in December, Tightening the unemployment rate to 3.8%. Earnings also surprised to the upside which helped spur on the pound Via DailyFX - Market News https://www.dailyfx.com

US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD

This article examines the technical outlook for gold prices, USD/JPY and GBP/USD ahead the U.S. inflation report, examining possible scenarios that could play out over the coming days. Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Forecast: US Inflation Data to Drive Market Sentiment, Breakdown in Play

This article examines the fundamental and technical outlook for EUR/USD ahead of Tuesday’s U.S. inflation data, analyzing potential scenarios that could unfold in the near term. Via DailyFX - Market News https://www.dailyfx.com

British Pound Latest – Heavyweight UK Data Will Steer GBP/USD, EUR/GBP in the Days Ahead

Monthly jobs, inflation, and growth numbers will hit the screens this week and, once the dust settles, Sterling’s short-term outlook will be a lot clearer. Via DailyFX - Market News https://www.dailyfx.com

Gold (XAU/USD) Listless Ahead of US CPI, Bitcoin (BTC/USD) Probes Multi-Year High

Gold needs a driver to break its current state of lethargy, while Bitcoin continues to move higher as the fourth halving event heaves into view Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US Inflation

The week ahead is likely to bring elevated volatility for stocks, gold prices, U.S. Treasury yields and currency markets, courtesy of a high-impact event on the U.S. economic calendar: the release of the January inflation report. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: US Inflation to Dictate Direction, Volatility Looms Ahead

This article discusses the fundamental and technical outlook for gold prices ahead of next week's key U.S. inflation data, examining possible scenarios that could develop in the near term. Via DailyFX - Market News https://www.dailyfx.com

FTSE 100 drops, Dow remains bid and Nikkei 225 makes new 34-year high

Outlook on FTSE 100, Dow and Nikkei 225 as earnings season is quieting down Via DailyFX - Market News https://www.dailyfx.com

EURUSD Ticks Lower As Weaker German Inflation Confirmed, ECB Still In A Bind

The Euro hasn’t clawed back much of the ground it lost last week to a stronger Dollar, and on current showing doesn’t seem likely to Via DailyFX - Market News https://www.dailyfx.com

Gold, Silver Watching Seasonal CPI Adjustments on Friday

Gold prices have consolidated within a narrowing formation. Influenced more recently by US yields and the dollar, safe haven appeal appears to have waned Via DailyFX - Market News https://www.dailyfx.com

British Pound Falls Back Into Red As Dollar Fights Back, Central Bank Speakers Eyed

Sterling bulls had a reasonable start to trade Thursday but couldn’t hold on as the session’s US data came in Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Edges Up Even As Fed Speakers Echo Powell, German Inflation Eyed

The Euro has clawed back a bit of lost ground as it becomes clear that rates are going nowhere fast on either side of EUR/USD Via DailyFX - Market News https://www.dailyfx.com

DAX Edges Down, S&P 500 Eyes 5000 and Nasdaq 100 Hits New Record High

While the Dax has seen some weakness in the past 24 hours, the S&P 500 and Nasdaq 100 have both hit new peaks, the former getting very close to the 5000 level for the first time. Via DailyFX - Market News https://www.dailyfx.com

Yen Softens as Senior BoJ Official Favours a Cautious Exit from Negative Rates

The Deputy Governor of the Bank of Japan has signalled a cautious approach to the eventual normalisation of its ultra-loose monetary policy. Yen weakened as a result Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Supported By US Inventory Levels, Geopolitics

A stronger Dollar has weighed on crude prices but they’ve gained some ground as US inventories have missed expectations Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Steadies After Last Week’s Gains As Market Mulls BOJ Path

The Japanese Yen has been more stable than most in the face of a broadly stronger Dollar, with the prospect of tighter BoJ policy underpinning it Via DailyFX - Market News https://www.dailyfx.com

FTSE 100, CAC 40 resume their ascents but Nikkei 225 stays subdued

Outlook on FTSE 100, CAC 40 and Nikkei 225 amid more Fed speaker talk Via DailyFX - Market News https://www.dailyfx.com

Cable (GBP/USD) Attempts Recovery - Key Levels for Downside Continuation

GBP/USD broke out of the prior trading range but has drifted back within the familiar territory after markets take stock of the recent USD surge Via DailyFX - Market News https://www.dailyfx.com

Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000

Gold prices took the prospect of higher US rates for longer as poorly as you might expect, but geopolitics have limited their falls Via DailyFX - Market News https://www.dailyfx.com

British Pound Bounces at Key Support, Fed Speakers Likely To Dominate Trade

GBP/USD is like all other major pairs focused on the extent to which the Fed will underwrite the markets’ new rate-cut views Via DailyFX - Market News https://www.dailyfx.com

Dow Edges Lower and Nasdaq 100 Holds up, While Hang Seng Surges​

​​US markets are little-changed, but in China indices have been rallying hard on more promises of state support for stocks. ​ Via DailyFX - Market News https://www.dailyfx.com

RBA Holds Rates, Issues Hawkish Guidance in Response to Inflation Risks

AUD/USD witnessed broad-based gains after the RBA failed to rule out another rate hike in efforts to contain inflation Via DailyFX - Market News https://www.dailyfx.com

EURUSD Wilts Again On Stronger Dollar, German Trade Misses Don’t Help

The Euro was already under pressure against the Dollar thanks to a storming US labor market. More evidence of Germany’s economic woes only added to it Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Sink On Strong Dollar As Fed-Cut Bets Are Off

The US benchmark is closing back in on December’s lows despite a US jobs report which doesn’t exactly look awful for energy demand Via DailyFX - Market News https://www.dailyfx.com

FTSE 100, DAX 40 side-lined while S&P 500 trades in record highs

Outlook on FTSE 100, CAC 40 and S&P 500 as major company earnings by the ‘magnificent seven’ are out of the way. Via DailyFX - Market News https://www.dailyfx.com

AUD, ASX 200 Weighed Down by Worsening Chinese Sentiment

The Aussie dollar was unable to recover lost ground from Friday’s NFP print while the local index also took a turn for the worse as beleaguered Chinese stocks fell further Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: S&P 500, Dow Hit Fresh Highs, Gold Fades, US Dollar Rallies

A very volatile week ended with a massive NFP beat sending the US dollar to a multi-week high. US indices continue to rally, while gold drifts lower. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: Bulls Return as Bears Bail; Setups on EUR/USD, USD/JPY, AUD/USD

This article provides a comprehensive analysis of the U.S. dollar's fundamental and technical outlook, with a specific focus on EUR/USD, USD/JPY, and AUD/USD. The piece also offers insights into critical price levels for the week ahead. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USD

This article focuses on the technical outlook for three U.S. dollar pairs: EUR/USD. USD/JPY and GBP/USD, dissecting important price levels that should be on every trader's radar in the coming days following the U.S. employment report. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Jumps After NFPs Smash Estimates, Gold Slumps

The latest US Jobs Report smashed market estimates, sending the US dollar higher going into the weekend Via DailyFX - Market News https://www.dailyfx.com

Brent, WTI Update: Oil on Track for Sizeable Weekly Loss

OPEC maintained their output policy and will meet in March to determine Q2 levels. Oil has fallen notably this week as concern around China’s uneven recovery gains pace Via DailyFX - Market News https://www.dailyfx.com

Dow & Nasdaq 100 Fall after Fed Decision, while Hang Seng Decline Continues

Risk appetite has been hit in the wake of the Fed meeting, though losses in US indices are relatively contained for now. Meanwhile, the Hang Seng is falling once more. Via DailyFX - Market News https://www.dailyfx.com

BoE Kept Rates Unchanged but Revised Inflation Outlook Eyes Cuts

The BoE expects inflation to reach its 2% target as soon as Q2 this year but surprised markets by forecasting a resurgence that will send it back above target until Q4 2026 Via DailyFX - Market News https://www.dailyfx.com

EUR/USD Battered By Fed, Stays Down Despite Small Core HICP Beat

There was no respite for the Euro in data showing resilient inflation, perhaps because that’s not expected to last Via DailyFX - Market News https://www.dailyfx.com

US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher

US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year. Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR/USD) Steadies After German Inflation Falls, FOMC Decision Up Next

German inflation fell to a two-and-a-half year low of 2.9% in January, preliminary data showed today, down from 3.7% in December. Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Weakens As Perky Dollar Looks To Fed Guidance

The USD/JPY market is like all others focused on the Federal Reserve’s first interest-rate decision of the year. Via DailyFX - Market News https://www.dailyfx.com

​​​FTSE 100, DAX 40 and S&P 500 take a Breather ahead of the Fed Meeting

​​Outlook on FTSE 100, CAC 40 and S&P 500 amid Fed and BoE meetings and as the remaining three of the ‘magnificent seven’ US stocks report their earnings tomorrow ahead of Friday’s US Non-Farm Payrolls. Via DailyFX - Market News https://www.dailyfx.com

ASX Achieved a Record High after Cooler Aussie Inflation, AUD/USD Weaker

Australian inflation cooled in Q4 helping lift the local index to a new all-time high. Continued disinflation reduces lingering suspicions of another hike, weighing on AUD Via DailyFX - Market News https://www.dailyfx.com

IMF Upgrades Global Growth as Major Economies Show Resilience

The IMF foresees a more resilient global economy led by the US and positive fiscal efforts in China to re-energise its economy. Risks to the outlook appear more balanced Via DailyFX - Market News https://www.dailyfx.com

GBP/USD Holds Above 1.2600 As Year’s First Central Bank Meets Near

Both the Federal Reserve and the Bank of England will give their first 2024 rate calls this week. Neither is expected to cut rates, but both may indicate willingness to. Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR/USD) Pares Recent Losses After German and Euro Area Q4 GDP Releases

Germany just missed falling into a technical recession after Europe’s largest economy upgraded its Q3 GDP to flat from -0.1%. Via DailyFX - Market News https://www.dailyfx.com

Oil Prices Pullback Sharply after Oil Tanker Strike, Caution Grows

Over the weekend Houthis struck an oil tanker passing through the Red Sea, putting an end to a string of harsh weather induced price rises stemming from the US. Via DailyFX - Market News https://www.dailyfx.com

USD Ahead of FOMC: EUR/USD, GBP/USD, USD/JPY Setups

The US dollar faces a massive week ahead. The FOMC provides policy updates, mage-cap tech stocks release quarterly earnings and NFP data is due Friday Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Slip After Strong Run, Market Awaits US’ Jordan Response

Crude Oil prices retreated a little on Monday after a string of gains last week took them back to highs not seen for twelve weeks. Via DailyFX - Market News https://www.dailyfx.com

Gold and Silver Push Higher as Middle East Tensions Escalate, FOMC and US NFPs Near

Gold and silver grab a bid after Iranian drone strikes on US service personnel over the weekend, while later this week the latest FOMC decision and US Jobs Report will drive rate cut expectations. Via DailyFX - Market News https://www.dailyfx.com

Asia Update: Evergrande Liquidation Order Fails to Sour the Mood - AUD, CNH

The Australian Dollar and offshore Chinese Yuan saw little impact after a Hong Kong court ruled to liquidate the ailing property giant Evergrande Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Fed and BoE Decisions, US Jobs Data, Microsoft, Apple, Amazon Report

A huge week ahead for headline economic data, events, and big tech earnings reports. Volatility is likely to pick up across a range of assets classes. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USD

This article focuses on gold’s technical outlook, examining important price thresholds that traders may find relevant in the coming days. Via DailyFX - Market News https://www.dailyfx.com

USD/JPY in Consolidation Stage but Fed Decision May Spark Big Directional Move

This article focuses on the USD/JPY technical outlook ahead of the Fed decision, highlighting important price levels that could serve as resistance or support in the near term. Via DailyFX - Market News https://www.dailyfx.com

US Breaking News: PCE Reveals Steady Progress Towards Fed’s 2% Target

Core US PCE data made progress but the PCE Price Index remained at 2.6%. USD price action has been contained ahead of a massive week on the economic calendar front Via DailyFX - Market News https://www.dailyfx.com

Euro (EUR/USD) Under Pressure as Markets Push the ECB to Start Cutting Rates Earlier

The ECB left its monetary policy unchanged yesterday, and reiterated that rates cuts were data dependent, but the market seems to have different ideas. Via DailyFX - Market News https://www.dailyfx.com

Gold Price Forecast: Core PCE Data to Guide Markets ahead of Fed Decision

This article focuses on gold’s outlook, analyzing important price levels that could serve as technical resistance or support in the coming trading sessions ahead of the Fed decision next week. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Mixed As GDP Data Smash Forecasts, Gloomy ECB Stands Pat

The United States Dollar was remarkably steady through a fascinating session of economic data on Thursday, suggesting perhaps that all the market cares about at this point is what the Federal Reserve will make of it all. Via DailyFX - Market News https://www.dailyfx.com

ECB Leaves Interest Rates Unchanged, EUR/USD Listless Ahead of Press Conference and US Q4 GDP

The European Central Bank (ECB) played a straight bat at today’s policy announcement, leaving all rates unchanged and giving little away. A currently lackluster EUR/USD needs another driver. Via DailyFX - Market News https://www.dailyfx.com

USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

The Bank of Canada expressed that interest rates have most likely plateaued but tempered expectations of aggressive cuts by highlighting remaining core price pressures Via DailyFX - Market News https://www.dailyfx.com

US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next

The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days. Via DailyFX - Market News https://www.dailyfx.com

British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest

UK services activity continues to pick up, according to the latest S&P Global PMIs, and that is giving Sterling a boost in the FX market Via DailyFX - Market News https://www.dailyfx.com

AUD Price Update: Aussie Mulling Latest Chinese Stimulus, AUD Contained

The latest stimulus measure out of China aims to free up bank reserves amid a rout in the local stock market. Aussie dollar contained after the Netflix miss as S&P 500 holds up Via DailyFX - Market News https://www.dailyfx.com

Crude Oil Prices Retrace Despite News of More US/UK Strikes in Yemen

Crude Oil Prices returned some modest early gains in Europe on Tuesday with the market still hovering between various geopolitical worries and concerns about real, end-user demand for energy. Via DailyFX - Market News https://www.dailyfx.com

Pound Sterling Price Action Setups: GBP/USD, EUR/GBP, GBP/JPY

Reduced budget deficit in December puts tax cuts back on the agenda before the Spring Statement. Sterling could continue its rise with the help of improving PMI data Via DailyFX - Market News https://www.dailyfx.com

​​​​Dow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound

​​US markets are in solid form ahead of major tech earnings this week, and even the Russell 2000 has rediscovered its bullish momentum.​ Via DailyFX - Market News https://www.dailyfx.com

USD/JPY Slips Lower After BoJ Stands Pat but Hints on Improving Inflation Outlook

USD/JPY is trading around 147.50 in early European trade after the Bank of Japan left all policy dials untouched at its latest meeting but gave a slight hint that inflation may be moving higher. Via DailyFX - Market News https://www.dailyfx.com

Oil (Brent Crude, WTI) Edge Cautiously Higher - Follow through Lacking

A pessimistic growth outlook continues to limit oil’s upside potential despite elevated geopolitical tensions. Could better-than-expected US GDP provide a bullish catalyst? Via DailyFX - Market News https://www.dailyfx.com

Japanese Yen Ticks Up As Market Looks Toward BOJ’s First 2024 Rate Call

The yen ticks up modestly ahead of the Bank of Japan's first meeting of 2024. No policy changes are expected but updated inflation forecasts may reignite interest in future cuts Via DailyFX - Market News https://www.dailyfx.com

FTSE 100 Struggles while DAX 40 Rises and S&P 500 Trades at Record Highs​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid Fed blackout period and as US earnings season continues. Via DailyFX - Market News https://www.dailyfx.com

Modest Start to the Week for AUD, PBOC Maintains Benchmark Rate

Chinese benchmark rates were left unchanged earlier today, sending AUD lower. However, positive sentiment in the S&P 500 offer a way out for AUD but US earnings remain key Via DailyFX - Market News https://www.dailyfx.com

Markets Week Ahead: Gold Under Pressure, US Equities Rally, USD Holds Recent Highs

US equities have shaken off their poor start to the year and are now posting fresh multi-year and all-time highs. Growing expectations of a soft landing and falling inflation in the US is driving the latest move higher. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: EUR/USD, USD/JPY, USD/CAD & AUD/USD’s Path Tied to US PCE

This article examines the fundamental and technical outlook for the U.S. dollar, focusing on major FX pairs such as EUR/USD, USD/JPY, USD/CAD and AUD/USD. Via DailyFX - Market News https://www.dailyfx.com

U.S. Dollar Showing Modest Move Back To The Downside

The value of the U.S. dollar has moved modestly lower during trading on Friday, giving back ground after trending over the past few days.

The U.S. dollar index has slipped 0.28 points or 0.3 percent to 103.25, pulling back off the one-month high set on Thursday.

The greenback is trading at 148.10 yen versus the 148.16 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.0895 compared to yesterday's $1.0876.

The modest pullback by the dollar comes after the University of Michigan released a report showing a significant improvement in U.S. consumer sentiment as well as a continued decrease in inflation expectations.

The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. Economists had expected the index to inch up to 70.0.

With the much bigger than expected increase, the consumer sentiment index reached its highest level since hitting 81.2 in July 2021.

The University of Michigan's report also showed continued decreases in both year-ahead and long-run inflation expectations.

Year-ahead inflation expectations slipped to 2.9 percent in January after plunging to 3.1 percent in December, hitting the lowest level since December 2020.

Long-run inflation expectations also edged down to 2.8 percent in January from 2.9 percent in December, falling just below the 2.9-3.1 percent range seen for 26 of the last 30 months.

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source http://www.mt5.com/forex_news/quickview/2224613/

Treasuries Recover From Early Weakness To Close Roughly Flat

Treasuries extended their recent downward trend in early trading on Friday but regained ground over the course of the session.

Bond prices climbed well off their early lows, eventually ending the day roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 4.146 percent after reaching a higher of 4.198 percent.

The early weakness among treasuries came as a University of Michigan report showing a substantial improvement in U.S. consumer sentiment in January reduced the safe haven appeal of bonds.

The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. Economists had expected the index to inch up to 70.0.

With the much bigger than expected increase, the consumer sentiment index reached its highest level since hitting 81.2 in July 2021.

Selling pressure waned over the course of the session, however, as the report also showed continued decreases in both year-ahead and long-run inflation expectations.

Year-ahead inflation expectations slipped to 2.9 percent in January after plunging to 3.1 percent in December, hitting the lowest level since December 2020.

Long-run inflation expectations also edged down to 2.8 percent in January from 2.9 percent in December, falling just below the 2.9-3.1 percent range seen for 26 of the last 30 months.

The U.S. economic calendar starts relatively quiet early next week, although reports on personal income and spending, durable goods orders and fourth quarter GDP are likely to attract attention later in the week.

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

source http://www.mt5.com/forex_news/quickview/2224611/

Japan Inflation Data Due On Friday

Japan will on Friday release December numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.

In November, overall inflation was down 0.2 percent on month and up 2.8 percent on year, while core CPI rose an annual 2.5 percent.

Japan also will see November results for its tertiary industry activity index, with forecasts suggesting a score of +0.2 following the -1.2 reading in October.

Malaysia will provide December data for imports, exports and trade balance. Imports are expected to rise 3.2 percent on year, up from 1.7 percent in November. Exports are seen lower by an annual 4.8 percent after slipping 5.9 percent in the previous month. The trade surplus is pegged at MYR17.1 billion, up from MYR12.4 billion a month earlier.

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

source http://www.mt5.com/forex_news/quickview/2224555/

Dollar Consolidates Recent Gains Against Major Counterparts

The U.S. dollar firmed against most of its major counterparts on Thursday amid fading hopes for an early rate cut after data showed a drop in jobless claims in the week ended January 12th. However, the currency pared gains subsequently and even turned slightly weak against some counterparts.

A report from the Labor Department said initial jobless claims fell to 187,000 in the week ended January 13th, a decrease of 16,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to inch up to 207,000 from the 202,000 originally reported for the previous week.

With the unexpected decline, jobless claims dropped to their lowest level since hitting 182,000 in the week ended September 24, 2022.

A report released by the Federal Reserve Bank of Philadelphia showed regional manufacturing activity contracted at a slightly slower rate in the month of January.

The Philly Fed said its diffusion index for current general activity rose to a negative 10.6 in January from a revised reading of negative 12.8 in December. Economists had expected the index to rise to a negative 7.0 from the negative 10.5 originally reported for the previous month.

Data from the Commerce Department showed housing starts slumped by 4.3% to an annual rate of 1.460 million in December.

The dollar index, which advanced to 103.63 around late morning, was at 103.47 a little while ago, up slightly from the previous close.

Against the Euro, the dollar was up marginally at 1.0874, and against Pound Sterling, it weakened to 1.2703 after having firmed to 1.2647 following the release of the jobless claims data.

The dollar was flat against the Japanese currency at 148.16 yen. Against the Aussie, the dollar weakened to 0.6570. The Swiss franc was down at 0.8680 a dollar, while the Loonie edged up marginally against the greenback to C$ 1.3492.

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source http://www.mt5.com/forex_news/quickview/2224554/

Oil Settles Sharply Higher On Drop In Crude Stocks, Bullish Demand Forecast

Oil prices climbed higher on Thursday, lifted by data showing a drop in U.S. crude inventories in the week ended January 12th, and on higher forecasts for global oil demand.

Recent strong U.S. economic data also point to a likely jump in oil demand. Meanwhile, tensions in the Middle East continue to disrupt global shipping and trade.

Data from U.S. Energy Information Administration (EIA) showed crude inventories dropped by 2.5 million barrels last week, as against expectations for a declined of 313,000 barrels.

Gasoline inventories increased by 3.1 million barrels last week, higher than an expected increase of 2.2 million barrels, while distillate stocks were up 2.4 million barrels in the week, more than 2.5 times the expected increase.

West Texas Intermediate Crude oil futures for February ended higher by $1.52 at $74.08 a barrel.

Brent crude futures were up $1.20 or 1.53% at $79.08 a barrel a little while ago.

The International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC), both said in their reports that global oil demand will see a significant growth this year.

The IEA said in its montly report that oil demand will likely grow by 1.24 million barrels per day in 2024, up 180,000 barrels per day from its earlier projection.

The OPEC said in its report on Wednesday that it expects demand to rise by 2.25 million barrels per day this year, and by 1.85 million barrels per day to 106.21 millon barrels per day in 2025.

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

source http://www.mt5.com/forex_news/quickview/2224552/

Dollar Climbs Higher Against Major Counterparts On Strong Economic Data

The U.S. dollar gained against its major counterparts on Wednesday amid fading prospects of an interest rate cut in March after data showed a bigger than expected retail sales in the month of December.

Data from the Commerce Department showed retail sales in the U.S. climbed by 0.6% in December after rising by 0.3% in November. Economists had expected retail sales to advance by 0.4%.

A separate report from the Commerce Department showed business inventories slipped by 0.1% in November, matching the dip seen in October as well as economist estimates.

A report released by the Federal Reserve showed industrial production in the U.S. inched up 0.1% in December.

The National Association of Home Builders released a report showing a significant improvement in U.S. homebuilder confidence in the month of January.

The report said the NAHB/Wells Fargo Housing Market Index jumped to 44 in January from 37 in December. Economists had expected the index to rise to 39.

Data released by the Labor Department showed import prices in the U.S. unexpectedly came in unchanged in the month of December, after declining by a revised 0.5% in November.

The dollar index, which surged to 103.69 earlier in the day, was up marginally at 103.38 a little while ago.

Against the Euro, the dollar firmed to 1.0846 this morning, but pared gains as the day progressed and was at 1.0883, down slightly from the previous close.

Against the Japanese currency, the dollar was up at 148.19 yen, gaining from 147.19 yen. The dollar firmed to 0.6551 against the Aussie. The dollar firmed against Swiss franc, fetching CHF 0.8646 a unit, and traded higher against the Loonie at C$1.3512.

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

source http://www.mt5.com/forex_news/quickview/2224494/

WTI Crude Futures Settle Higher Ahead Of Inventory Data

Despite weak fourth-quarter GDP data from China, oil futures settled higher on Wednesday, ahead of weekly crude inventory data.

Concerns about the outlook for oil demand, and a firm dollar limited the uptick in oil prices.

West Texas Intermediate crude oil futures for February ended higher by $0.16 at $72.56 a barrel.

Brent crude futures were down $0.26 or 0.33% at $78.03 a barrel a little while ago.

Worries about the outlook for energy demand remain as China reported a 5.2% increase in fourth-quarter GDP, lower than the expected 5.3% rise.

Meanwhile, OPEC reiterated that demand will rise by 2.2 million barrels per day this year, over 2023. OPEC expects oil demand to rise by 1.8 million barrels per day next year.

The OPEC group produced 26.7 million barrels of crude oil per day in December, up from 26.628 million barrels of crude oil per day a month earlier.

Oil prices fell earlier in the day due to disappointing Chinese data and broader risk-off sentiment in the markets as traders pared back rate cuts, according to Craig Erlam, Senior Market Analyst at OANDA, UK & EMEA.

The weekly inventory data from the American Petroleum Institute (API) is due later today. The weely oil report from the Energy Information Administration (EIA) will be out Thursday morning.

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

source http://www.mt5.com/forex_news/quickview/2224493/

Treasuries See Further Downside Following Retail Sales Data

Treasuries moved to the downside during trading on Wednesday, extending the notable decline seen in the previous session.

Bond prices came under pressure in early trading and remained in the red throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 4.0 basis points to 4.106 percent.

The ten-year yield added to the 11.6 basis points surge seen on Tuesday, reaching its highest closing level over a month.

The continued weakness among treasuries reflected ongoing uncertainty about the outlook for interest rates amid recent concerns the Federal Reserve won't lower rates as early as previously anticipated.

Adding to the worries the Fed will hold off on cutting rates, the Commerce Department released a report this morning showing U.S. retail sales increased by more than expected in the month of December.

The report said retail sales climbed by 0.6 percent in December after rising by 0.3 percent in November. Economists had expected retail sales to advance by 0.4 percent.

Excluding a jump in sales by motor vehicle and parts dealers, retail sales rose by 0.4 percent in December after inching up by 0.2 percent in November. Ex-auto sales were expected to edge up by another 0.2 percent.

"As long as the primary indicators of economic activity like personal spending and the labor market are showing no signs of weakness, the Fed will be comfortable extending its rate pause through the March FOMC decision at least," said FHN Financial Macro Strategist Will Compernolle.

A separate report released by the Federal Reserve showed an unexpected uptick in U.S. industrial production in the month of December.

The Fed said industrial production inched up by 0.1 percent in December, while revised data showed production was unchanged in November.

Economists had expected industrial production to come in unchanged compared to the 0.2 percent increase originally reported for the previous month.

Trading on Thursday may be impacted by reaction to another batch of U.S. economic data, including reports on jobless claims, housing starts and Philadelphia-area manufacturing activity.

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

source http://www.mt5.com/forex_news/quickview/2224492/

Dollar Rises Against Major Counterparts

The U.S. dollar climbed higher against its major counterparts on Tuesday after comments from Federal Reserve Governor Christopher Waller raised concerns the Fed may not cut interest rates as aggressively as initially expected.

Waller said interest rate cuts are likely this year, but added that the central bank can take its time relaxing monetary policy. He said the process should be "carefully calibrated and not rushed."

Comments from several top bank officials in Europe also seemed to indicate rate cuts are unlikely anytime soon.

In economic news today, a report from the Federal Reserve Bank of New York said the NY Empire State Manufacturing Index plunged to -43.7 in January, the lowest reading since May 2020.

The dollar index surged to 103.43, gaining more than 1%.

Against the Euro, the dollar firmed to 1.0876 from 1.0953. Against Pound Sterling, the dollar strengthened to 1.2635, gaining from 1.2727.

The dollar moved up sharply against the Japanese currency, fetching 147.19 yen a unit, nearly 1% more than the previous close.

Against the Aussie, the dollar firmed to 0.6584 from 0.6660. The Swiss franc weakened to 0.8617 against the dollar, while the Loonie eased to 1.3495 a U.S. dollar.

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

source http://www.mt5.com/forex_news/quickview/2224413/

Oil Futures Settle Lower As Stronger Dollar, Warmer Weather Forecast Weigh

Oil futures settled lower on Tuesday, coming off early highs, as a stronger dollar and forecasts that weather in the U.S. will be colder than normal weighed on oil prices.

Meteorologists have reportedly projected weather in the U.S. would switch from colder than normal this week to mostly warmer than normal during the later part of the month.

The dollar surged higher amid fading hopes about early interest rate cuts following some hawkish comments from central bank officials.

West Texas Intermediate Crude oil futures ended down $0.28 at $72.40 a barrel.

Brent crude futures were trading slightly down $0.05 at $78.10 a barrel a little while ago.

Oil prices moved higher earlier in the day amid persisting concerns about likely disruptions in supply due to the attacks by the Houthi militants on vessels in the Red Sea. Houthi rebels fired a missile that struck a U.S.-owned ship Monday just off the coast of Yemen in the Gulf of Aden.

Meanwhile, Israel's military has ended its "intensive" phase of operations in northern Gaza and will soon do the same in southern Gaza, the country's defense minister has said.

Weekly inventory data from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA) will be out on Wednesday and Thursday, respectively, a day later than usual due to the U.S. market holiday on Monday for Martin Luther King Jr. Day.

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

source http://www.mt5.com/forex_news/quickview/2224412/

Gold Prices in Turmoil as Treasury Yields Rebound and US Dollar Dominates

This article delves into the fundamental and technical outlook for gold prices, shedding light on the critical levels to monitor on XAU/USD in the upcoming trading sessions. Via DailyFX - Market News https://www.dailyfx.com

*South Korea Dec Export Price Index Down 2.3% On Year Vs. -3.5% In November

South Korea Dec Export Price Index Down 2.3% On Year Vs. -3.5% In November

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source http://www.mt5.com/forex_news/quickview/2224346/

*Australia Dec ANZ-Indeed Job Ads Up 0.1% On Month Vs. -5.1% In November

Australia Dec ANZ-Indeed Job Ads Up 0.1% On Month Vs. -5.1% In November

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

source http://www.mt5.com/forex_news/quickview/2224286/

*India Dec Passenger Vehicles Sales Up 3.2% Y/Y Vs. 4.3% In November

India Dec Passenger Vehicles Sales Up 3.2% Y/Y Vs. 4.3% In November

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

source http://www.mt5.com/forex_news/quickview/2224285/

South Korea Trade Data On Tap For Monday

South Korea will on Monday release December figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

In November, imports were down 10.8 percent on year and exports rose an annual 5.1 percent for a trade surplus of $4.48 billion.

Japan will see November numbers for machine tool orders; in the previous month, orders were down 13.6 percent on year.

Indonesia will provide December figures for imports, exports and trade balance. In November, imports rose 3.29 percent on year and exports slumped an annual 8.56 percent to a trade surplus of $2.41 billion.

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

source http://www.mt5.com/forex_news/quickview/2224284/

Markets Week Ahead: Gold Bid, US Dollar Struggles, US Equities Eye Fresh Highs

A mixed week with US equities continuing to push towards multi-year highs, while oil and gold are bid on escalating geopolitical risk. In the background, the US dollar treads water. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Forecast: Reversal Possible; Setups on EUR/USD, USD/JPY, GBP/USD

This article explores the week-ahead outlook for the U.S. dollar, examining important catalysts that could guide the performance of key currency pairs such as EUR/USD, GBP/USD and USD/JPY. Via DailyFX - Market News https://www.dailyfx.com

Dollar Recovers After Mild Setback

After drifting lower against its major counterparts Friday morning following the release of the producer price inflation data, the U.S. dollar recovered some lost ground and advanced against a few rivals.

Data from the Labor Department showed that the producer price index slipped by 0.1% in December, matching a revised dip in November. Economists had expected producer prices to inch up by 0.1% compared to the unchanged reading originally reported for the previous month.

Meanwhile, the report said the annual rate of producer price growth accelerated to 1% in December from a downwardly revised 0.8% in November.

The annual rate of producer price growth was expected to speed up to 1.3% from the 0.9% originally reported for the previous month.

The dollar index, which dropped to 102.09 around mid morning, recovered to 102.45, up from the previous close of 102.29.

Against the Euro, the dollar firmed to 1.0952 after having drifted down to 1.0989. Against Pound Sterling, the dollar was up slightly at 1.2751, and against the Yen, it dropped to 144.88 yen a unit.

The dollar is flat against the Aussie at 0.6688. Against Swiss franc, the greenback is up marginally, fetching CHF 0.8527 a unit. Against the Loonie, the dollar is higher at C$ 1.3405 after having weakened to C$ 1.3344 earlier in the session.

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

source http://www.mt5.com/forex_news/quickview/2224283/

Oil Futures Settle Higher Again On Supply Concerns

Oil futures settled notably higher on Friday as an escalation in tensions in the Middle East raised concerns about delay in supplies.

The number of oil tankers being diverted from the Red Sea rose sharply following the air and sea strikes by the U.S. and the U.K. on the areas occupied by the Houthi rebels.

Oil prices also received some support after customs data showed China's annual crude oil imports hit an all-time high in 2023.

West Texas Intermediate Crude oil futures for February ended higher by $0.66 or about 0.9% at $72.68 a barrel, coming off a high of $75.25 a barrel.

However, the contract shed about 1.1% in the week.

Brent crude futures settled at $78.29 a barrel, gaining $0.88 or about 1.1%.

"The price jump came as the US and UK launched strikes against Houthi targets in Yemen, raising the risk of broadening the conflict in the region and disrupting oil supplies," says Craig Erlam, Senior Market Analyst at OANDA, UK & EMEA. "Despite today's moves, there's clearly still a view that the risk of a significant disruption is small or prices would be much higher. Still. they will remain sensitive to further developments," he adds.

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

source http://www.mt5.com/forex_news/quickview/2224282/

Treasuries Finish Volatile Session Moderately Higher

After ending yesterday's trading firmly positive on late-day strength, treasuries fluctuated over the course of the trading session on Friday.

Bond prices bounced back and forth across the unchanged line before eventually closing moderately higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.7 basis points to 3.950 percent.

The volatility on the day came as traders reacted to a Labor Department report showing producer prices in the U.S. unexpectedly edged slightly lower in the month of December.

The Labor Department said its producer price index for final demand slipped by 0.1 percent in December, matching a revised dip in November.

Economists had expected producer prices to inch up by 0.1 percent compared to the unchanged reading originally reported for the previous month.

Meanwhile, the report said the annual rate of producer price growth accelerated to 1.0 percent in December from a downwardly revised 0.8 percent in November.

The annual rate of producer price growth was expected to speed up to 1.3 percent from the 0.9 percent originally reported for the previous month.

After yesterday's report showing consumer prices in the U.S. rose by slightly more than expected in the month of December, the whole price data added to recent uncertainty about the outlook for interest rates.

"PPI reports always feel secondary when they're released after the more-important CPI data, but considering the December PPI does not incorporate new supply chain issues from conflicts in the Red Sea, this morning's report feels particularly backward-looking," said FHN Financial Macro Strategist Will Compernolle.

"As a result, the encouraging aspects of December data on producer prices should be largely dismissed for now," he added. "We'll have to wait until January to see how recent supply chain problems pass through to US producer prices."

Following the long holiday weekend, next week's trading may be impacted by reaction to the latest economic news, including reports on retail sales, industrial production, import and export prices, housing starts and consumer sentiment.

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

source http://www.mt5.com/forex_news/quickview/2224281/

Gold Futures Settle Sharply Higher

Gold prices rose sharply on Friday amid an escalation in geopolitical tensions after the United States and the United Kingdom launched air strikes against military targets in Houthi-controlled areas of Yemen.

The rebel militants were using the areas to attack commercial vessels in one of the world's most vital waterways.

The producer price inflation data, and the drop in yields of the US 10-year Treasury Note contributed as well to the surge in bullion prices.

Investors also digested mixed comments from Federal Reserve officials on the possibility of rate cuts this year.

Gold futures for February ended higher by $32.40 at $2,051.60 an ounce.

Silver futures for March ended up $0.624 at $23.329 an ounce, while Copper futures for March settled at $3.7405 per pound, down $0.0360 from the previous close.

"Gold was boosted by the PPI data and the US 10-year yields tumbling well below 4%, while the 2-year hit an 8-month low. The yellow metal has been struggling over the last couple of weeks and the jobs report and CPI data did little to revitalize it. The PPI appears to have done just that though, although it still has some way to go to reach the new highs reached in early December," says Craig Erlam, Senior Market Analyst at OANDA, UK & EMEA.

Data from the Labor Department showed the producer price index for final demand slipped by 0.1% in December, matching a revised dip in November. Economists had expected producer prices to inch up by 0.1% compared to the unchanged reading originally reported for the previous month.

Meanwhile, the report said the annual rate of producer price growth accelerated to 1% in December from a downwardly revised 0.8% in November. The annual rate of producer price growth was expected to speed up to 1.3% from the 0.9% originally reported for the previous month.

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Dollar Rises On Inflation Data, But Retreats Later Against Some Major Rivals

The U.S. dollar, which climbed higher on Thursday after data showed a bigger than expected increase in the nation's consumer price inflation in the month of December, has pared gains and is turning in a mixed performance against its major counterparts.

The U.S. Labor Department said its consumer price index climbed by 0.3% in December after inching up by 0.1% in November. Economists had expected consumer prices to rise by 0.2%.

The report also showed the annual rate of consumer price growth accelerated to 3.4% in December from 3.1% in November. The annual rate of growth was expected to tick up to 3.2%.

Meanwhile, the annual rate of growth by core consumer prices slowed to 3.9% in December from 4% in November. Economists had expected the pace of core price growth to decelerate to 3.8%.

A number of economists have said the data makes the U.S. central bank less likely to cut interest rates in March, with many predicting the central bank will hold off until its May meeting.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended January 6th, falling to 202,000, a decrease of 1,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to rise to 210,000 from the 202,000 originally reported for the previous week.

The dollar index climbed to 102.76 after the release of the Labor Department's inflation data, but has dropped to 102.31 now, down marginally from the previous close.

Against the Euro, the dollar is flat at 1.0974, after having firmed to 1.0931 earlier. The dollar is weak against Pound Sterling at 1.2763, easing from 1.2690 a unit of the British currency.

Against the Japanese currency, the dollar weakened to 145.32 yen. The dollar had firmed to 146.42 in early New York session after the inflation data.

The dollar is up marginally against the Aussie at 0.6688. Against Swiss franc, the dollar is up, fetching CHF 0.8520 a unit. The greenback is up slightly against the Loonie at C$1.3397.

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Oil Futures Settle Higher On Supply Concerns

Oil futures settled higher on Thursday as prices rebounded on likely disruptions in trade and supplies amid rising tensions in the Middle East.

According to reports, Iran seized a tanker with Iraqi crude marked for delivery to Turkey on Thursday.

"The Navy of Iran's Army has announced the seizure of an American oil tanker in the Gulf of Oman with a judicial order," Iranian state media said, citing a statement from the Army.

The St Nikolas tanker had been the focus of US attention when it was accused of illegally smuggling Iranian crude oil despite sanctions and the U.S. Justice Department levied a fine of $2.4 million on the owner of the ship.

Signs of an escalating conflict in the Middle East after another Israeli strike in Rafah, supported oil prices.

Israel bombarded the southern Gaza Strip overnight, as U.S. Secretary of State Antony Blinken prepared to travel to Egypt for more talks aimed at containing Israel's war against Hamas.

Recent data showing a sharp increase in U.S. crude inventories limited the uptick in oil prices.

West Texas Intermediate Crude oil futures for February ended higher by $0.65 at $72.02 a barrel.

Brent crude futures were up $0.70 or 0.91% at $77.50 a barrel a little while ago.

Data from the Energy Information Administration (EIA) showed crude oil inventories in the U.S. rose by 1.338 million barrels last week, as against forecasts for a decline of about 700,000 barrels.

Gasoline stocks increased 8 million barrels last week to 245 million barrels, while distillate stockpiles rose by 6.5 million barrels last week to 132.4 million barrels, the highest level since September 2021.

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*New Zealand Building Permits -10.6% On Month In November

New Zealand Building Permits -10.6% On Month In November

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US Inflation Preview: How Will Gold Prices, Nasdaq 100 and the US Dollar React?

Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the December U.S. inflation report, as consumer price data can guide the Fed's next policy moves and the timing of the first interest rate cut. Via DailyFX - Market News https://www.dailyfx.com

Treasuries Turn Modestly Lower After Early Move To The Upside

Treasuries moved to the upside in early trading on Wednesday but came under pressure over the course of the session.

Bond prices pulled back well off their early highs and into negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by 1.1 basis points to 4.030 percent after hitting a low of 3.985 percent.

The downturn by treasuries came as bond traders expressed caution ahead of the release of key U.S. inflation data in the comings days.

The Labor Department's reports on consumer and producer price inflation, which are due to be released on Thursday and Friday, respectively, could have a significant impact on the outlook for interest rates.

With economists expecting the reports to show slowdowns in the annual rate of core price growth, the data could bolster optimism about near-term rate cuts by the Federal Reserve.

However, if the data surprises to the episode, it could add to recent skepticism about whether the Fed will begin cutting rates in March.

Ahead of the reports, CME Group's FedWatch Tool is currently indicating a 64.5 percent chance the Fed will cut rates by a quarter point at its March meeting.

Meanwhile, traders seemed to shrug off the results of the Treasury Department's auction of $37 billion worth of ten-year notes, which attracted above average demand.

The ten-year note auction drew a high yield of 4.024 percent and a bid-to-cover ratio of 2.56, while the ten previous ten-year note auctions had an average bid-to-cover ratio of 2.46.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The Labor Department's report on consumer price inflation is likely to be in the spotlight on Thursday, overshadowing a separate report on weekly jobless claims.

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Dollar Rises Against Major Rivals Ahead Of Inflation Data

The U.S. dollar moved higher against its major counterparts on Tuesday, ahead of the crucial inflation data, due later in the week.

The dollar was supported by hawkish comments from some Fed officials. Atlanta Fed President Raphael Bostic on Monday reiterated his expectation of two rate cuts by the Fed this year.

Separately, Federal Reserve Governor Michelle Bowman backed eventual rate cuts if inflation falls further towards the Fed's 2 percent target.

Market participants are pricing in about a 59.1% chance of a rate cut by March, compared with a 69.6% chance last week.

In economic news today, a report released by the Commerce Department showed the trade deficit narrowed to $63.2 billion in November from a revised $64.5 billion in October. Economists had expected the trade deficit to widen to $65.0 billion from the $64.3 billion originally reported for the previous month.

The unexpectedly smaller trade deficit came as the value of imports tumbled by 1.9 percent to $316.9 billion, while the value of export slumped by 1.9 percent to $253.7 billion.

The dollar index, which climbed to 102.66 around late morning, was hovering around 102.55 a little while ago, gaining more than 0.3%.

Against the Euro, the dollar strengthened to 1.0930, gaining about 0.2%. Against Pound Sterling, the dollar firmed to 1.2706, up from Monday's close of 1.2706 against a unit of Sterling.

The dollar gained against the Japanese currency, fetching 144.47 a unit, up from 144.23 yen a unit. Against the Aussie, the dollar was up at 0.6687, firming from 0.6721.

The dollar firmed to CHF 0.8527 from CHF 0.8479. Against the Loonie, the dollar climbed to C$ 1.3393 from C$ 1.3348.

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Oil Futures Settle Notably Higher On Geopolitical Tensions

Oil prices climbed higher on Tuesday, rebounding from previous session's losses, as rising geopolitical risks raised concerns about possible supply and trade disruptions.

West Texas Intermediate Crude oil futures for February settled higher by $1.47 at $72.24 a barrel.

Brent crude futures ended higher by $1.47 or 1.9% at $77.59 a barrel.

Oil prices fell on Monday, dropping about 4%, after Saudi Arabia cut its selling prices to the lowest level in two years. Reports showing a jump in OPEC supply hurt as well.

Geopolitical tensions, and the closure of Libya's largest oilfield contributed to the jump in oil prices today.

The closure of the Sharara oilfield in Libya, which is one of the biggest in the country, has resulted in a shortfall of 300,000 barrels per day.

Due to security threats from Houthi militants amid the tensions in the Middle East, several major shipping companies are staying away from the Red Sea route.

Traders await weekly inventory data from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA). The API data is due later today, while EIA's report is due Wednesday morning.

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source http://www.mt5.com/forex_news/quickview/2224060/

Gold Price and USD/JPY Forecast: US Inflation Outcome to Drive Market Direction

The December U.S. inflation report, due for release on Thursday, is poised to provide clarity on the Fed's monetary policy outlook, helping guide the near-term trajectory of both gold prices and USD/JPY Via DailyFX - Market News https://www.dailyfx.com

*South Korea Current Account Surplus $4.06 Billion In November

South Korea Current Account Surplus $4.06 Billion In November

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Japan Household Spending Data Due On Tuesday

Japan will on Tuesday release November numbers for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to rise 0.2 percent on month and fall 2.3 percent on year after slipping 0.1 percent on month and 2.5 percent on year in October.

Japan also will see December results for Tokyo inflation; in November, overall inflation rose 2.6 percent on year and core CPI was up an annual 2.3 percent.

South Korea will provide November figures for current account in October the current account surplus was $6.80 billion.

Australia will release November numbers for building approvals and retail sales. Approvals are expected to sink 2.0 percent on month after jumping 7.5 percent in October. Retail sales are called higher by 1.2 percent on month after easing 0.2 percent a month earlier.

Taiwan will see December data for imports, exports and trade balance. Imports are expected to fall 7.3 percent on month after tumbling 14.8 percent in November. Exports are called higher by an annual 4.9 percent, up from 3.8 percent in the previous month. The trade surplus is pegged at TWD8.70 billion, down from TWD9.80 billion a month earlier.

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Gold Price Forecast: XAU/USD’s Trend Hinges on US Inflation Data. What Now?

This article focuses on gold’s near-term outlook, analyzing closely the fundamental and technical factors underlying recent market moves for the precious metal. Via DailyFX - Market News https://www.dailyfx.com

Oil Futures Settle Sharply Lower As Saudi Arabia Cuts Prices

Oil prices fell sharply on Monday, as Saudi Arabia's decision to cut prices offset concerns about an escalation in the Middle East conflict.

West Texas Intermediate Crude futures for February ended down $3.04 or about 4.4% at $70.77 a barrel.

Brent crude futures settled at $76.12 a barrel, down $2.74 from the previous close.

Saudi Arabia cut oil prices sharply to Asian markets, pushing the rates to the lowest level in 27 months, amid competition from rival suppliers and concerns about supply overheating.

Saudi Aramco slashed the official selling price (OSP) for February-loading Arab Light to Asia by $2 a barrel from January to $1.50 a barrel over Oman/Dubai quotes.

A report from Reuters said the output from the Organization of the Petroleum Exporting Countries (OPEC) rose 70,000 barrels per day in December to 27.88 million barrels per day.

On the geopolitical front, U.S. Secretary of State Antony Blinken warned that the conflict in Gaza could "easily" spill over into a full-blown regional conflict.

Israel struck Hamas and Hezbollah terror facilities in Khan Yunis and Lebanon in overnight strikes, the Israel D?fense Forces said earlier today.

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source http://www.mt5.com/forex_news/quickview/2223984/

European Economic News Preview: Eurozone Economic Sentiment, Retail Sales Data Due

Economic confidence and retail sales from the euro area are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders and foreign trade figures. Orders are forecast to grow 1.0 percent on month in November, in contrast to the 3.7 percent decrease in October. Exports are expected to rise 0.3 percent month-on-month, following a 0.2 percent drop.

In the meantime, manufacturing output data is due from Norway.

At 2.30 am ET, Switzerland's Federal Statistical Office publishes consumer prices and retail sales reports. Inflation is expected to rise slightly to 1.5 percent in December from 1.4 percent in November.

At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The investor sentiment index is seen at -15.5 in January compared to -16.8 in December. At 5.00 am ET, economic sentiment survey results and retail sales data are due from the euro area. Economists forecast retail sales to fall 0.3 percent on a monthly basis in November, reversing a 0.1 percent rise in October.

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*The Stock Markets In Japan Are Closed On Monday For Coming Of Age Day And Will Re-open On Tuesday

The Stock Markets In Japan Are Closed On Monday For Coming Of Age Day And Will Re-open On Tuesday

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Markets Q1 Outlook: Gold, Stocks, EUR/USD, GBP/USD & USD/JPY Eye Fed, US Yields

Different and complex market dynamics are likely to play out in the first quarter of the new year, creating attractive trade opportunities and setups for key assets, including gold, stocks and the U.S. dollar. Via DailyFX - Market News https://www.dailyfx.com

US Dollar Q1 Technical Forecast – Setups on DXY, EUR/USD, USD/JPY, GBP/USD

This article centers on the Q1 technical outlook for the U.S. dollar, delving into key FX pairs like EUR/USD, USD/JPY, and GBP/USD while dissecting price action dynamics that may provide insight into the market trajectory. Via DailyFX - Market News https://www.dailyfx.com

Equities Q1 Fundamental Outlook: Rate Cuts and Geopolitics in Focus

This article focuses on analyzing the Q1 fundamental outlook for U.S. equity indices, delving into crucial catalysts that may spur volatility and determine the stock market trajectory in the coming months. Via DailyFX - Market News https://www.dailyfx.com

Gold, Silver Q1 Technical Forecast: Price Action Setups for the Near Term

The article focuses on the technical outlook for gold and silver in the first quarter, analyzing price action dynamics and interesting trading setups that could signal bullish continuation patterns. Via DailyFX - Market News https://www.dailyfx.com

U.S. Dollar Little Changed Following Jobs Data

Following the modest pullback seen during Thursday's trading, the value of the U.S. dollar has shown a lack of direction on Friday.

The U.S. dollar index has bounced back and forth across the unchanged line and is currently up just 0.05 points or 0.1 percent at 102.47.

The greenback is trading at 144.73 yen versus the 144.63 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.0940 compared to yesterday's $1.0945.

The volatility on the day comes as traders react to the release of some key U.S. economic data, including a closely watched Labor Department report showing stronger than expected job growth in December.

While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders digested the details of the report, which also showed notable downward revisions to job growth in October and November.

The Labor Department said non-farm payroll employment surged by 216,000 jobs in December compared to economist estimates for an increase of about 170,000 jobs.

At the same time, the increases in employment in October and November were downwardly revised to 105,000 jobs and 173,000 jobs, respectively, reflecting a net downward revision of 71,000 jobs.

"There's no recession threat in this report, nor any reason for the Fed to worry about overheating," said FHN Financial Chief Economist Chris Low. "It is as safely down the middle as they come."

The Institute for Supply Management also released a report showing a bigger than expected slowdown in the pace of U.S. service sector growth.

The ISM said its services PMI fell to 50.6 in December from 52.7 in November. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 52.6.

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source http://www.mt5.com/forex_news/quickview/2223923/