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