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Sunday, 31 March 2024
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
Saturday, 30 March 2024
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
Friday, 29 March 2024
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
Thursday, 28 March 2024
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
Wednesday, 27 March 2024
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
Tuesday, 26 March 2024
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
Monday, 25 March 2024
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
Sunday, 24 March 2024
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
Friday, 22 March 2024
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
Thursday, 21 March 2024
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
Wednesday, 20 March 2024
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
Tuesday, 19 March 2024
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
Monday, 18 March 2024
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
Sunday, 17 March 2024
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
Saturday, 16 March 2024
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
Friday, 15 March 2024
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
Thursday, 14 March 2024
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
Wednesday, 13 March 2024
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
Tuesday, 12 March 2024
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
Monday, 11 March 2024
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
Sunday, 10 March 2024
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
Saturday, 9 March 2024
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
Friday, 8 March 2024
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
Thursday, 7 March 2024
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
Wednesday, 6 March 2024
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
Tuesday, 5 March 2024
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
Monday, 4 March 2024
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
Sunday, 3 March 2024
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
Saturday, 2 March 2024
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
Friday, 1 March 2024
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
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