• All
  • 900 jobs last month
  • Analyst
  • but AUD fell against most of its major peers
  • but its unemployment rate unexpectedly fell to 3.4%. Wages rose 2.6% in the second quarter from a year prior
  • dragging AUD/USD to its lowest level since July 21. A safe-haven fueled US Dollar rally inspired by waning Fed pivot bets encouraged selling
  • Euro and Japanese Yen. A July employment report offered mixed signals. Australia lost 40
  • Forex
  • including the British Pound
  • Market Analyst
  • Strategist
  • The Australian Dollar plummeted more than 3% against the US Dollar over the past week

Cryptoverse: Trading names in a mind-boggling crypto craze

By Lisa Pauline Mattackal and Medha Singh (Reuters) – A new NFT trading craze where names are bought and sold for eye-popping sums is providing a multi-million-dollar lifeline for speculators shivering in the bleak crypto winter. “Domain” names such as coin.crypto (which has sold for $100,000) and beer.eth (which fetched $39,000) are a new breed […]

Australian Dollar Tumbles after RBA Disappoints, Asia FX Rises

By Ambar Warrick Investing.com– Most Asian currencies took some relief from a weakening dollar and rose slightly on Tuesday, while the Australian dollar tumbled after the central bank raised rates by less than expected. The Australian dollar fell 0.8% to $0.6466 after the Reserve Bank of Australia raised interest rates by a lower-than-expected 25 basis points (bps). The central bank […]

Asia FX Weakens as Dollar Steadies From Recent Losses

By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while Australian and New Zealand currencies rose ahead of their respective interest rate decisions this week. The Australian dollar rose 0.6%, while the New Zealand dollar added 0.8%. Central banks in both countries […]

The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

US MIDTERM ELECTIONS OUTLOOK: Unless gas prices drop further and US inflation rates pull back sharply, odds are that Democrats lose control of at least the House of Representatives to Republicans. The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar. The Federal Reserve could quickly become […]

Dollar Technical Forecast: USD Ripper Relaxes into October- DXY Levels

US DOLLAR TECHNICAL PRICE OUTLOOK: DXY WEEKLY TRADE LEVELS US Dollar technical trade level update – Weekly Chart USD ripper stalls into uptrend resistance- risk for near-term exhaustion DXY weekly support 111.10s, 110.39, 109.64 – Resistance 112.94, 114.18, 115.29 The US Dollar Index surged nearly 6.6% off the September lows with DXY stretching to multi-yearly highs this week. An outside-day reversal […]

British Pound Forecast: GBP/USD Claws Back – Bear Reset Ahea

BRITISH POUND TECHNICAL PRICE OUTLOOK: GBP/USD WEEKLY TRADE LEVELS Sterling technical trade level update – Weekly Chart GBP/USD collapses into downtrend support / record lows- risk for exhaustion into October open Weekly resistance 1.11, 1.1290s, 1.1414/80 (key) – Support 1.0640, 1.0520, 1.0350s, parity The British Pound plunged more than 4.6% against the US Dollar into the weekly open before paring the […]

China’s yuan unlikely to continue rapid depreciation -state media

SHANGHAI (Reuters) – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies continue to be pressured by a U.S. dollar boosted by hawkish Federal Reserve monetary tightening. Prudent balance of payments has lent support and led somewhat “restrained” losses in the yuan compared with peers, […]

India’s RBI likely sells dollars as surging U.S. yields hold rupee hostage – traders

MUMBAI (Reuters) – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said. The rupee was trading at 81.8675 per U.S. dollar, down from 81.58 in the previous session. The local unit earlier reached a record […]

Chinese Central Bank Injects $24.7 Bln of Liquidity Via Repo Markets

By Ambar Warrick Investing.com– The People’s Bank of China injected a total of 175 billion yuan ($24.7 billion) into the banking system on Tuesday through reverse repo operations, in a bid to maintain liquidity in the system. The amount consisted of 113 billion yuan of seven-day reverse repos at an interest rate of 2%, state-run media […]

Chinese Yuan Falls, Asia FX Curbs Losses as Dollar Rally Pauses

By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Tuesday as the dollar paused its rally below 20-year highs, while the Chinese yuan fell to a new two-year low on more signs of economic weakness in the country. The Japanese yen and Indian rupee strengthened 0.3% each, while the Singapore dollar rose 0.2%. In the Asia-Pacific region, the New Zealand dollar was […]

Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

Japanese Yen, USD/JPY, US Dollar, BOJ, Fed, YCC, Yields – Talking Points USD/JPY has resumed ascending in tandem with Treasury yields The Bank of Japan appear at loggerheads with themselves after intervention If monetary policies continue to diverge, will USD/JPY make new highs? The Japanese Yen is once again eyeing off the 145 handle to start the […]

Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

US DOLLAR, DXY, BOJ KURODA, JAPANESE YEN, CHINESE YUAN, TECHNICAL OUTLOOK – TALKING POINTS Asia-Pacific markets are under pressure after the US Dollar surged on Friday Bank of Japan Governor Kuroda to speak today as USD/JPY remains near 145 DXY Index aims for the May 2002 high after piercing trendline resistance Monday’s Asia-Pacific Outlook Asia-Pacific market sentiment may suffer […]

Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

Dow, Dollar, EURUSD, USDJJPY, GBPUSD and Recession Talking Points:   The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 After the FOMC rate decision was absorbed this past week, risk aversion began to build a head of steam that enveloped open-ended fundamental risks Market conditions are once again my top concern heading into the new trading week with liquidity […]

Canadian Dollar Forecast: USD/CAD, CAD/JPY, GBP/CAD

CANADIAN DOLLAR TECHNICAL FORECAST: BEARISH It was a big week for USD/CAD with the pair jumping to a fresh two-year-high. CAD/JPY remains of interest. The fundamental backdrop points to bullishness in the pair with higher rates in Canada and continued low rates in Japan. But – there may be some changes on the horizon with Japanese policy regarding […]

Dollar Stabilizes at Elevated Levels; Yen Gains After Intervention

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trading Friday, remaining in demand after the Federal Reserve’s hawkish stance, while the yen was buoyant after the intervention of Japanese authorities. At 02:50 ET (06:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged 0.1% […]

Dollar Edges Lower; Remains Near 20-Year High Ahead of Fed Meeting

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, but remained near a 20-year high as the market geared up for another aggressive rate increase by the Federal Reserve. At 02:50 ET (06:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% […]

Dollar firm as markets brace for another big Fed rate hike

By Kevin Buckland TOKYO (Reuters) – The dollar remained firm near a two-decade high versus major peers on Tuesday as investors braced for another aggressive rate hike by the Federal Reserve as it battles to rein in overheated inflation. The dollar index, which measures the greenback against six counterparts, edged 0.09% higher to 109.64, stable for […]

Markets Week Ahead: Dow Jones, US Dollar, Gold, USD/JPY, GBP/USD, FOMC, BoJ, BoE, SNB

Market sentiment soured last week, sending equity indexes and other risk assets lower as the safe-haven US Dollar rose. A higher-than-expected consumer price index number for August sent market-based FOMC bets soaring, with an around 1-in-5 chance for a 100-basis point rate hike now on the table. The Dow Jones Industrial Average fell 4.13%, and the high-beta Nasdaq-100 Index fell 5.77%. Treasury […]

Singapore Dollar May Become Rare Global Winner as MAS Tightens

(Bloomberg) — Singapore’s dollar has established itself as Asia’s most resilient currency against the US dollar this year, and some strategists are betting on more strength if price pressures force the nation’s central bank to tighten its exchange-rate policy again next month. Goldman Sachs Group Inc (NYSE:GS)., Citigroup Inc (NYSE:C). and MUFG Bank Ltd. are among banks that are bullish […]

US Dollar Technical Outlook: DXY Index Gained, Bullish Rectangle in Focus

US DOLLAR, DXY INDEX, BULLISH RECTANGLE, RSI – WEEKLY TECHNICAL OUTLOOK   US Dollar gained this past week, but uptrend did not continue Still, the weekly and daily settings hint at an upward outlook Will a Bullish Rectangle formation unfold on the 4-hour chart? US Dollar Technical Forecast – Slightly Bullish The US Dollar aimed higher […]

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: BEARISH For the past six months there’s been a tug-of-war in markets, between bears driving in anticipation of continued hawkishness from the Fed and the buy-the-dip crowd, looking for the bank to pivot into less-hawkish policy despite the continued level of elevated inflation. While the Fed has previously displayed a pattern of […]

Canadian Dollar Forecast: CAD Struggling as Technical Hurdles and Depressed Oil Prices Form Perfect Cocktail

CANADIAN DOLLAR, USDCAD AND EURCAD TALKING POINTS: Technical Outlook: Neutral. USDCAD Gains Traction Hitting a 22-Month High with Technical Hurdles Ahead. EURCAD Breaks Out of Two-Month-Old Range and Gains Momentum. CAD AND OIL: THE CANADIAN DOLLAR AND OIL PRICE CORRELATION CANADIAN DOLLAR OUTLOOK The Bank of Canada (BOC) last week delivered its fourth outsized rate hike since March, with a […]

US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention

US DOLLAR, USD/JPY, BOJ, FED, CHINA, CRUDE OIL, GOLD, AUD, NZD – TALKING POINTS The USDollar is holding ground ahead of a plethora of data points today APAC equities, commodities and currencies have had a quiet day so far If the Bank of Japan was to intervene, wherewould that sendthe USD index The US Dollar took a day off in the Asian […]

S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

S&P 500, VIX, FOMC, DOLLAR AND USDJPY TALKING POINTS: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Following the biggest tumble in broad risk trends in over two years, there was a notable downshift in productive bearish momentum through Wednesday’s session The attention afforded to the FOMC rate decision – and a broad array of central bank decisions […]

Dollar Stabilizes After CPI-Inspired Gains; Yen Gains on Intervention Talk

By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Wednesday, pausing for breath after the previous session’s sharp gains in the wake of the hotter-than-expected U.S. inflation report. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 109.510, […]

US Dollar Forecast: USD/JPY Edges Lower as DXY Reversal Gathers Pace

US DOLLAR OUTLOOK: Technical weakness is setting in ahead of the August US inflation report, with the US Dollar (via the DXY Index) falling below its daily 21-EMA (one-month moving average) for the first time since August 12. USD/JPY rates are proving somewhat resilient, not yet exhibiting the signs of a technical turn like EUR/USD or GBP/USD rates. The IG […]

Weekly Technical US Dollar Forecast: Failed Bullish Breakout Potential

TECHNICAL FORECAST FOR THE US DOLLAR: NEUTRAL The US Dollar (via the DXY Index) closed below ascending triangle resistance, an indication that the recent bullish breakout attempt may have failed. After declining for four consecutive weeks, net-long US Dollar positioning in the futures market has increased in back-to-back weeks. The IG Client Sentiment Index suggests that the US Dollar […]

US Dollar Direction to Dictate Market Sentiment as APAC Markets Eye a Green Open

US DOLLAR, DXY, MARKET SENTIMENT, CPI, CHINA, TECHNICAL OUTLOOK – TALKING POINTS Asia-Pacific markets set for higher open as traders look to extend gains on USD weakness China’s Covid lockdowns pose a threat to recovering market sentiment if restrictions grow The DXY Index accelerated lower on Friday, and prices may fall more if a key SMA gives way MONDAY’S […]

S&P 500, Nasdaq, Dow Jones Technical Forecast for the Week Ahead

US STOCK INDICES TECHNICAL FORECAST: WEEKLY TRADE LEVELS SPX500 support ~3900/06, 3734, 3664- resistance 4156/79, 4321, 4368 Nasdaq support 12062, 11622, 11119- resistance 12668, 13242, 13580 Dow support at 31392, 29794, 28323- resistance 32272, 33046, 34006/164 Stocks snapped a three-week losing streak with the S&P 500, Nasdaq and the Dow Jones Industrial Average closing markedly higher for the week. […]

British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

BRITISH POUND TECHNICAL FORECAST: NEUTRAL It was a tough start to the week for Sterling as GBP/USD pushed down for a fresh 37-year-low. Matters weren’t as bearish elsewhere, as GBP/JPY put in a bullish breakout from a symmetrical triangle formation. EUR/GBP pushed up towards range resistance which also remains an item of interest around Euro setups. The analysis contained in article relies on price […]

Crude Oil Technical Forecast: Oil Prices Buoyed by Technical Levels

CRUDE OIL TECHNICAL OUTLOOK: NEUTRAL Oil prices bounce off psychological support after steady decline US Crude (WTI) rebounds off $80.00 but the formation of a doji candle highlights indecision Brent Crude falls below $90 with Fibonacci levels from the 2020 – 2022 move providing longer term support at around $77.5. Crude Oil prices are currently trading at […]

Japanese Yen (JPY) Technical Outlook: USD/JPY Trading Near 1998 High

USD/JPY TECHNICAL OUTLOOK:NEUTRAL USD/JPY pullback may continue in the near-term 1998 high over 14700 looks poised to get tested at some point JAPANESE YEN (JPY) TECHNICAL OUTLOOK: USD/JPY TRADING NEAR 1998 HIGH The USD/JPY strength we saw last week carried the price up towards the 1998 high at 14767 before stalling out right around 14500. The stall and […]

Canadian Dollar Technical Forecast: USD/CAD at Make-or-Break Resistance

CANADIAN DOLLAR TECHNICAL FORECAST: USD/CAD WEEKLY TRADE LEVELS Canadian Dollar updated technical trade levels – Weekly Chart USD/CAD breakout stalls ahead of uptrend resistance- threat for near-term exhaustion Support 1.3023, 1.2840s, 1.2709/38 (critical) – Resistance 1.3223/30 (key), 1.3370, 1.3651 The Canadian Dollar eased more than 3.7% against the US Dollar since the August lows in USD/CAD with price once again approaching resistance near […]

USD/JPY Rate Rally to Persist as RSI Holds in Overbought Territory

JAPANESE YEN TALKING POINTS USD/JPY rallies to a fresh yearly high (144.99) as it extends the series of higher highs and lows from earlier this week, with the overbought reading in the Relative Strength Index (RSI) likely to be accompanied by a further advance in the exchange rate like the price action from earlier this year. […]

Japanese Yen Technical Forecast: USD/JPY Breakout Flies to 24yr Highs

JAPANESE YEN TECHNICAL PRICE FORECAST: USD/JPY WEEKLY TRADE LEVELS Japanese Yen technical trade levels update – Weekly Chart USD/JPY breakout approaching uptrend resistance at multi-decade highs Support 138.48, 1.35 (key), 132.24 – Resistance 146.23-147.67 (key), 149.07, 150 The US Dollar surged more than 14.3% against the Japanese Yen from the June lows with USD/JPY rocketing to fresh 24-year highs. The rally is […]

Crude Oil to Stage Near-Term Rebound on Failure to Test August Low

CRUDE OIL PRICE TALKING POINTS The price of oil is little changed from the start of the week even as the Organization of Petroleum Exporting Countries (OPEC) revert to their previous production schedule, but failure to test the August low ($85.73) may keep crude afloat as it snaps series of lower highs and lows from last week. CRUDE OIL […]

Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses

– Reviewed by James Stanley, Nov. 24, 2021 SMALL FIXES CAN ADD UP TO BIG CHANGE This may sound obvious, but this is an overlooked area of trader development – identifying weaknesses and turning them into strengths. It’s one of the reasons many trading mistakes are made over and over and over again. Even fixing […]

Fibonacci Confluence on FX Pairs

Talking Points: – As looked at earlier in this module,Fibonacci retracements can help traders to identify possible support/resistance. – We’ve previously discussed how a trader can use Fibonacci retracements on long-term-charts, and by focusing on multiple major moves traders may be able to glean confluent areas of support/resistance. This can provide multiple reasons for buyers […]

Contractionary Monetary Policy: What is it and How Does it Work?

WHAT IS CONTRACTIONARY MONETARY POLICY? Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial banks and by reducing the supply of money through large-scale government bond […]

Markets Week Ahead: Dow Jones, US Dollar, EUR/USD, USD/CAD, AUD/USD, Gold, ECB, BOC, RBA

Global equity markets closed the week with steep losses as traders shifted their money out of risk assets, worried by economic concerns and inflation-focused central banks that appear ready to continue tackling high prices even if it induces recessions. US stocks opened higher on Friday after the US non-farm payrolls report crossed the wires, which […]

Dollar Hits New 20-Year High as Euro Slumps on Energy Woes

By Ambar Warrick Investing.com– The U.S. dollar touched a new 20-year high against a basket of currencies on Monday, benefiting from weakness in the euro amid a worsening energy crisis, while investors continued to bet on more interest rate hikes by the Federal Reserve. The dollar index, which weighs the greenback against a basket of currencies, rose […]

Bitcoin & Ethereum Forecast for the Week Ahead

ANALYSIS AND NEWS Bitcoin | Path of Least Resistance Tilted to the Downside Ethereum | Is Merge a Buy the Rumour, Sell the Fact? BITCOIN | PATH OF LEAST RESISTANCE TILTED TO THE DOWNSIDE Bitcoin continues to hover around the 20k mark as tight ranges are maintained. The upside in the cryptocurrency has been tepid at best, […]

Australian Dollar Outlook: Data is Mixed but Lead Looks Ominous

AUSTRALIAN DOLLAR FORECAST: BEARISH The Australian Dollar is vulnerable to the international melee unfolding Sunny retrospective indicators are giving way to perturbing advance signals The RBA are set for action on Tuesday. Will a hike move the dial for AUD/USD? The Australian Dollar remains hostage to US Dollar fluctuations as the domestic economy is beginning to show signs of tightening […]

Sterling on Course for 2-Year Low as Truss Closes in on Leadership Victory

By Geoffrey Smith Investing.com — The British pound is set for its lowest weekly close in over two years against the dollar, as the ruling Conservative Party prepares to elect a new leader to replace outgoing Prime Minister Boris Johnson. By 11:30 ET (15:30 GMT), the pound was trading at $1.1579 against the dollar, enjoying a modest […]

Dollar Edges Lower Ahead of Payrolls; Yen Under Pressure

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near a two-decade high ahead of the widely watched monthly U.S. jobs report which could point to further hefty interest rate hikes. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

Gold Price Lurching Lower as US Dollar and Yields Gain. Where to for XAU/USD?

GOLD, XAU/USD, US DOLLAR, FED, REAL YIELDS, TREASURIES – TALKING POINTS Gold continues slipping after the Fed corrected any misperceptions The US Dollar and Treasury yields were lifted on the policy clarification If the Fed continue to talk tough on inflation, will XAU/USD test new lows? The gold price has resumed descending as the ramification of last week’s Jackson Hole […]

Crude Oil Price Rebound Unravels After Testing 50-Day SMA

CRUDE OIL PRICE TALKING POINTS The price of oil trades to a fresh weekly low ($88.27) despite a larger-than-expected decline in US inventories, and crude may continue to give back the advance from the monthly low ($85.73) as it appears to be reversing course after testing the 50-Day SMA ($96.34). CRUDE OIL PRICE REBOUND UNRAVELS AFTER TESTING […]

Bitcoin Price Forecast: BTC/USD Back Above $20,000 – Risk Assets Gain

BITCOIN NEWS & ANALYSIS Bitcoin reclaims $20,000 as risk assets rise BTC/USD still on a steep downtrend but can bulls get further relief? Ethereum attempts to find comfort above $1,500 Bitcoin, Ethereum and tech stocks are trading higher after a positive day for risk assets. With Eurozone inflation showing no sign of easing, another heated CPI print has placed […]

Dollar Edges Lower; Euro Recovery Gains Traction

By Peter Nurse Investing.com – The U.S. dollar drifted lower in early European trade Wednesday, retreating from the 20-year peak seen earlier in the week as a nascent rebound in the euro gathers pace. At 3:00 AM ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% […]

Dollar Edges Lower; Eurozone Inflation Data in Focus

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Tuesday, falling back from a 20-year peak, as attention turns towards Europe, with Wednesday’s Eurozone inflation data likely to point to an aggressive ECB interest rate hike next month. At 3:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against […]

Dollar Index Gains After Powell Signals Commitment to Higher Rates

By Scott Kanowsky Investing.com — The U.S. dollar touched a 20-year high against a basket of major currencies on Monday, as investors digest a pledge from Federal Reserve chair Jerome Powell to keep interest rates higher in a bid to bring down surging inflation. As of 02:44 ET (06:44 GMT), the dollar index was trading at 109.26, pulling […]

Chinese Yuan Leads Asia FX Lower as Dollar Hits 20-Year Peak

By Ambar Warrick Investing.com– China’s yuan led losses across Asian currencies on Monday after weak industrial data, while the U.S. dollar hit a 20-year high on hawkish signals from the Federal Reserve. The yuan plummeted over 0.6% to 6.9160, hitting its weakest level in 2 years. Data over the weekend showed Chinese industrial profits declined through July, indicating more […]

Dow Jones and S&P 500 Cratered on Powell Comments – APAC and EU Stocks Likely to Follow

EQUITY FUNDAMENTAL OUTLOOK – BEARISH US stocks sink after Federal Reserve Chair Jerome Powell holds firm on rate hike outlook A softer-than-expected PCE inflation index for July failed to dissuade the hawkish rhetoric Asian and European stock indexes are likely to fell the pressure of Mr. Powell’s comments US stocks sank on Friday after Federal […]

US Dollar Forecast: Will Another Non-Farm Payrolls Print Offer a Tight Labor Market?

US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar gained as Fed Chair Jerome Powell dispelled pivot expectations Will the US labor market remain tight? All eyes are on non-farm payrolls Strong jobs data and market volatility risk may leave the US Dollar better The US Dollar aimed higher against its major counterparts this past week, fulfilling a […]

Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower

BITCOIN OUTLOOK: BEARISH BTC/USD tumbles after Jackson Hole’s hawkish tilt Ethereum hard hit by risk aversion as cryptocurrency market cap dips below $1 Trillion USD firms with this ISM manufacturing and US NFP (non-farm payrolls) on tap BITCOIN, ETHEREUM BLUDGEONED BY POWELL The Jackson Hole Economic Symposium was the highlight of the week as market participants awaited Fed Chair Jerome […]

US Dollar Forecast: DXY Index, USD/JPY Wait on Jackson Hole

US DOLLAR OUTLOOK: The US Dollar (via the DXY Index) is hovering just below its yearly highs while USD/JPY rates have broken the downtrend from the July swing highs. Fed Chair Jerome Powell’s Jackson Hole speech will likely catalyze a more significant move in the major USD-pairs. The IG Client Sentiment Index suggests that USD/JPY has a mixed bias in the near-term. WAITING ON […]

Crude Oil Price to Stage Larger Recovery on Break of August Opening Range

CRUDE OIL PRICE TALKING POINTS The price of oil extends the series of higher highs and lows from earlier this week amid a larger-than-expected decline in US inventories, and crude may stage a larger recovery over the coming days if it manages to clear the opening range for August. CRUDE OIL PRICE TO STAGE LARGER RECOVERY ON […]

NZD/USD Unfazed After Kiwi Retail Sales Ahead of Jackson Hole

NEW ZEALAND DOLLAR, Q2 RETAIL SALES, US DOLLAR, CRUDE OIL, TECHNICAL OUTLOOK – TALKING POINTS Asia-Pacific markets may see a quiet trading session as traders prepare for Jackson Hole New Zealand’s second-quarter retail sales fell on a quarterly and annual basis NZD/USD trades below its 50-day SMA but holds above a key Fibonacci level THURSDAY’S ASIA-PACIFIC […]

Dow Jones, S&P 500 Outlook: Retail Traders Rethink Wall Street Exposure as Prices Fall

DOW JONES, S&P 500, FED, RETAIL TRADER POSITIONING, TECHNICAL ANALYSIS – IGCS WALL STREET UPDATE Retail traders have been rethinking their bets on Wall Street Dow Jones and S&P 500 long exposure has been on the rise This is warning that further losses may be in store for stocks Volatility seems to be seeping its way back into […]

EUR/USD Eyes December 2002 Low After Failing to Defend July Low

EUR/USD RATE TALKING POINTS EUR/USD is on track to test the December 2002 low (0.9859) as it fails to defend the July low (0.9952), but the exchange rate may attempt to halt a three-day selloff as long as the Relative Strength Index (RSI) holds above oversold territory. EUR/USD EYES DECEMBER 2002 LOW AFTER FAILING TO DEFEND JULY LOW EUR/USD trades […]

USD/JPY Rate Eyes Yearly High After Clearing August Opening Range

JAPANESE YEN TALKING POINTS USD/JPY appreciates for five consecutive days as it extends the series of higher highs and lows from last week, and the exchange rate appears to be on track to test the yearly high (139.39) after clearing the opening range for August. USD/JPY RATE EYES YEARLY HIGH AFTER CLEARING AUGUST OPENING RANGE USD/JPY largely […]

Gold Price Forecast: Strong Dollar, Rising Yields Weigh – Levels for XAU/USD

GOLD PRICE OUTLOOK: Gold prices have reversed quickly in recent days amid a resurgent US Dollar and rising US Treasury and real yields. Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium may help rekindle the perception of a hawkish central bank. According to the IG Client Sentiment Index, gold prices have a mixed bias in […]

PBOC Has Scope to Cut Rates by Up to 50 Bps, Ex-Adviser Says

(Bloomberg) — China’s central bank has space to cut its main interest rates by as much as 50 basis points over the next year if repeated Covid outbreaks continue to drag on the economy, according to a former adviser at the regulator. Li Daokui said the People’s Bank of China can lower rates through the […]

Canadian Dollar Weekly Forecast: USD/CAD Braces Ahead of Key U.S. Economic Data

CANADIAN DOLLAR WEEKLY FORECAST: USD/CAD BRACES AHEAD OF KEY U.S. ECONOMIC DATA Teaser: USD/CAD will be subject to USD specific factors next week as the Canadian dollar remains exposed to downside risk. USD/CAD ANALYSIS CAD under pressure despite crude oil comeback. Jackson Hole inches closer. Advertisement USD/CAD FUNDAMENTAL BACKDROP The Canadian dollar suffered the same fate as the rest of FX markets last week with […]

Gold Price Forecast: Bullion to Find Relief on Slowing US Inflation

GOLD PRICE TALKING POINTS The price of gold fails to defend the opening range for August as it trades to a fresh monthly low ($1749), but fresh data prints coming out of the US may curb the weakness in the precious metal as the update to the Personal Consumption Expenditure (PCE) Price Index is anticipated to show […]

Australian Dollar Outlook Bearish Amid US Dollar Surge and China Woes

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH The Australian Dollar plummeted against the US Dollar and looks primed for more losses China’s economic headwinds are mounting ahead of expected interest rate cuts Traders increased short bets against AUD as the Fed looks ready to temper pivot bets The Australian Dollar plummeted more than 3% against the US Dollar over the past […]

Australian Dollar Outlook Bearish Amid US Dollar Surge and China Woes

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH The Australian Dollar plummeted against the US Dollar and looks primed for more losses China’s economic headwinds are mounting ahead of expected interest rate cuts Traders increased short bets against AUD as the Fed looks ready to temper pivot bets The Australian Dollar plummeted more than 3% against the US Dollar over the past […]

USD/CAD Rally Vulnerable amid Failure to Clear August Opening Range

CANADIAN DOLLAR TALKING POINTS USD/CAD appears to be on track to test the monthly high (1.2985) after testing the 200-Day SMA (1.2753), but the exchange rate may face range bound conditions over the coming days if it fails to clear the opening range for August. USD/CAD RALLY VULNERABLE AMID FAILURE TO CLEAR AUGUST OPENING RANGE USD/CAD trades […]

AUD/USD Trades Lower on Fragile APAC Sentiment Amid China Heatwave

AUSTRALIAN DOLLAR, AUD/USD, US DOLLAR, NATURAL GAS, OIL, TECHNICAL OUTLOOK – TALKING POINTS APAC markets are set to trade against a stronger US Dollar to close out the week China heatwave prompts additional factory closures, weighing on APAC sentiment AUD/USD may threaten its August low if prices break the 38.2% Fibonacci level A stronger US Dollar may weigh […]

Crude Oil Price Halts Three Day Selloff as US Crude Inventories Contract

CRUDE OIL PRICE TALKING POINTS The price of oil halts a three-day selloff following a larger-than-expected decline in US inventories, and crude may stage a larger rebound over the coming days as it snaps the series of lower highs and lows carried over from the previous week. CRUDE OIL PRICE HALTS THREE DAY SELLOFF AS US CRUDE […]

US Dollar Forecast: DXY Index, USD/JPY Slip After July FOMC Minutes

US DOLLAR OUTLOOK: The US Dollar (via the DXY Index) has given up its gains after the release of the July FOMC meeting minutes. Directional biases are difficult to ascertain in both the DXY Index and USD/JPY rates as momentum indicators offer conflicting views. The IG Client Sentiment Index suggests that USD/JPY has a bullish bias in the near-term. JULY FOMC MINUTES RELEASED The highly anticipated […]

AUD/USD Rate Outlook Mired by Failure to Test 200-Day SMA

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD trades to a fresh weekly low (0.6991) as it gives back the advance following the Reserve Bank of Australia (RBA) Minutes, and the exchange rate appears to be reversing course ahead of the 200-Day SMA (0.7146) as it carves a series of lower highs and lows. AUD/USD RATE OUTLOOK MIRED BY […]

Dollar Edges Higher; Recession Fears Boost Safe Haven

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Tuesday, remaining near a one-week high as global recession fears prompted demand for the safe haven currency. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at […]

How Central Banks Impact the Forex Market

Reviewed by Nick Cawley on December 9, 2021 THE ROLE OF CENTRAL BANKS IN THE FOREX MARKET Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in […]

NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD

NZD/USD WEEKLY FUNDAMENTAL FORECAST: BEARISH NZD/USD remains dependent on the USD despite leading up to another official cash rate hike NZD weighed down by proximity to China as US-China tensions flare up NZD/USD RISES ON SOFTER USD DESPITE – REMAINS USD DEPENDENT The recent NZD/USD bullish move has more to do with a softer dollar than kiwi strength. Fundamentally, NZD […]

US Dollar Vulnerable to Less Hawkish FOMC Minutes

US DOLLAR TALKING POINTS The US Dollar Index (DXY) bounces back from a fresh monthly low (104.64) as it attempts to retrace the decline following the slowdown in the US Consumer Price Index (CPI), but the Federal Open Market Committee (FOMC) Minutes may drag on Greenback should the central bank show a greater willingness to implement smaller rate hikes. TECHNICAL […]

Australian Dollar Outlook Driven by US Dollar

AUTRALIAN DOLLAR FORECAST: NEUTRAL The Australian Dollar made a 2-month high on a sinking US Dollar Commodities are supported in this environment, further bolstering AUD Will external factors continue to steer AUD/USD direction? AUD/USD gained over the past week as the US Dollar took a hit from inflation data coming in not as hot as anticipated. It has broken the topside […]

EUR/USD Rate Rally Responds to Former Support Zone

EUR/USD RATE TALKING POINTS EUR/USD stages a four-day rally for the first time since March on the back of US Dollar weakness, but the exchange rate appears to be responding to the former support zone around the May low (1.0349) as it struggles to hold above the 50-Day SMA (1.0328). EUR/USD RATE RALLY RESPONDS TO FORMER SUPPORT ZONE EUR/USD holds near […]

AUD/USD Targets 200-Day SMA as Copper and Coal Prices Surge Amid USD Pullback

AUSTRALIAN DOLLAR, AUD/USD, ENERGY, COPPER, IRON ORE, ECONOMIC OUTLOOK – TALKING POINTS APAC markets may see a cautious trading session after US stocks fell overnight A rise in copper, iron ore and coal prices is supporting Australian Dollar strength AUD/USD is nearing its high-profile 200-day SMA after rising nearly 3% this week FRIDAY’S ASIA-PACIFIC OUTLOOK US stocks closed mixed […]

Japanese Yen Soars on Soft US CPI and US Dollar Pummelling. Where to for USD/JPY?

JAPANESE YEN, USD/JPY, US DOLLAR, FOMC, FED, KASHKARI, EVANS, DALY- TALKING POINTS USD/JPY crashed lower after US CPI but has since recovered a big figure US CPI missed estimates and the market appears to think rate cuts are ahead If the Fed repudiates the perception of lower rates, where will USD/JPY go? USD/JPY The Japanese Yen has appreciated […]

NZD/USD Surges Ahead of Chinese Lending Data as USD Falls Amid Risk Taking

NEW ZEALAND DOLLAR, NZD/USD, RISK APPETITE, CHINA, YUAN LOANS – TALKING POINTS APAC markets ready for risk-on trading after US CPI dragged on Fed bets China’s new Yuan loans data for July is a potentially high-impact event NZD/USD surged overnight but trimmed strength at the 100-day SMA THURSDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets are looking at a […]

Euro Caught in the Range as US Dollar Sidelined Ahead of CPI. Will EUR/USD Break Out?

EURO, EUR/USD, US DOLLAR, CRUDE OIL, HANG SENG, DXY, AUD, CAD, NOK, NZD – TALKING POINTS Euro remains moribund for now but that may change if the US Dollar boots off APAC equities followed Wall Street’s lacklustre lead but HSI got an uplift of sorts All eyes on US CPI Wednesday.Will EUR/USD find some direction? The Euro has continued to steady on Tuesday as […]

Dollar loiters off highs as traders wait on inflation data

By Tom Westbrook SINGAPORE (Reuters) – The dollar lurked just below recent highs on Tuesday as traders waited for U.S. inflation data due later in the week, wary of a surprise that could heap more upward pressure on interest rates. The data is due on Wednesday and the anticipation is likely to keep things calm […]

Dollar Edges Lower, But Retains Strength Versus Yen After Payrolls

By Peter Nurse Investing.com – The U.S. dollar posted more gains against the Japanese yen in early European trade Monday, although was subdued overall after last week’s strong U.S. nonfarm payrolls number raised expectations for further aggressive monetary tightening by the Federal Reserve. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback […]

Asian Currencies Dip on Mixed Chinese Trade Data, Fed Rate Risks

By Ambar Warrick Investing.com– Most Asian currencies fell on Monday after mixed Chinese trade data raised concerns over demand in the country, while the dollar strengthened on expectations that the Federal Reserve will hike rates at a sharp clip next month. As of 2302 ET (0302 GMT), the Chinese yuan was largely muted at 6.7620, as investors weighed robust exports against […]

Australian Dollar Outlook: RBA and Trade Play Out in AUD

AUTRALIAN DOLLAR FORECAST: BEARISH The Australian Dollar continues to bump around in 2 cent range RBA rate hike not enough to support AUD but trade numbers can’t be ignored China and Taiwan make the news, but a hawkish Fed might drive AUD/USD The RBA rate decision has come and gone with the widely anticipated 50-basis point hike to 1.85% […]

GBP/USD Weekly Forecast: BoE Expects A Recession, Sterling Breakdown

GBP/USD FUNDAMENTAL HIGHLIGHTS: Bank of England Projects a UK Recession GBP/USD Retests 1.20 The Bank of England delivered the largest rate hike since 1995, with a 50bps rise in the Bank Rate. However, they also delivered arguably one of the most dovish 50bps hikes in history, thus weighing on the Pound to retest the 1.20 handle against the […]

Dollar on backfoot ahead of key U.S. jobs data

By Rae Wee SINGAPORE (Reuters) – The dollar crept higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S. jobs data and amid growing worries about a recession. The U.S. dollar index, which measures the greenback against a basket of […]

Dollar Hands Back Some Gains; Pound Edges Higher Ahead of BOE Meeting

By Peter Nurse Investing.com – The U.S. dollar handed back some of its earlier gains in European trade Thursday, while the pound was flat ahead of the latest Bank of England rate decision. At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower […]

USD/JPY Rebounds Ahead of June Low to Keep RSI Out of Oversold Zone

JAPANESE YEN TALKING POINTS USD/JPY appears to be reversing ahead of the June low (128.60) as it attempts to halt a four-day decline, and the exchange rate may stage a larger advance over the coming days as the Relative Strength Index (RSI) holds above oversold territory. USD/JPY REBOUNDS AHEAD OF JUNE LOW TO KEEP RSI OUT […]

Gold Price Technical Forecast: Gold Rally Faces First Major Test

GOLD TECHNICAL PRICE FORECAST: XAU/USD WEEKLY TRADE LEVELS Gold price updated trade levels – Weekly Technical Chart XAU/USD rally attempting third weekly advance– rebound approaching downtrend resistance Get started with this Free How to Trade Gold -Beginners Guides Gold prices have rallied more than 6.3% off the yearly lows with XAU/USD attempting to mark a third consecutive weekly advance. A […]

Gold Price to Mirror June on Failure to Push Above 50-Day SMA

GOLD PRICE TALKING POINTS The price of gold approaches the 50-Day SMA ($1793) as it extends the series of higher highs and lows from last week, but the precious metal may mirror the price action from June if it fails to push above the moving average. GOLD PRICE TO MIRROR JUNE ON FAILURE TO PUSH ABOVE 50-DAY […]

AUD/USD Hits Post-Wedge Target. Bulls Eye Higher Ground Ahead of Central Bank Decision

AUSTRALIAN DOLLAR, AUD/USD, RBA, CHINA, TECHNICAL FORECAST – TALKING POINTS Australian Dollar rises despite weak US session, falling iron ore prices RBA rate decision and US House Speakers visit to Taiwan present risks AUD/USD prices at its post-wedge target as oscillators remain healthy TUESDAY’S ASIA-PACIFIC OUTLOOK The Australian Dollar is tracking higher versus a broadly weaker US Dollar ahead of […]

Japanese Yen Rally Continues Against US Dollar and Swiss Franc. Will CHF/JPY Break Range?

JAPANESE YEN, USD/JPY, US DOLLAR, CHF/JPY, SWISS FRANC- TALKING POINTS USD/JPY has pulled back from an historic high, but support levels are in view CHF/JPY appears to have set up for some range trading, will a break unfold? If the Yen weakening trend resumes, will USD/JPY take CHF/JPY higher? USD/JPY USD/JPY has pulled back from a 24-year high made last month […]

Markets Week Ahead: S&P 500, US Dollar, Gold, AUD/USD, GBP/USD, RBA, BoE, NFP

Market sentiment continued to brighten this past week as traders rolled back bets on the Federal Reserve’s rate hike path. The benchmark S&P 500 closed July with a gain of over 9%, its best monthly performance since late 2020. A strong performance from Apple and Amazon helped US equities on Friday, gaining 3.28% and 10.36%, respectively. The US […]

US Dollar Technical Forecast: DXY, USD/JPY, GBP/USD Charts to Watch

US DOLLAR TECHNICAL FORECAST: NEUTRAL US Dollar DXY poised to retest 2022 high if prices break above wedge resistance GBP/USD may continue its wedge breakout if prices can clear the 50-day SMA USD/JPY fell to its 50-day Simple Moving Average as Yen bulls return to market DXY TECHNICAL OUTLOOK: NEUTRAL The US Dollar DXY index struggled last week, falling more […]

Dollar Yen Forecast: USD/JPY Extends Losses After Strong Bull Run

DOLLAR YEN TECHNICAL OUTLOOK: BEARISH USD/JPY RSI points lower after two consecutive weeks of losses DollarYenpotential pullback or reversal? Price action falls below the 50 SMA (moving average), 130.00 – 136.00 remains key. USD/JPY EXTENDS LOSSES, WEEKLY RSI POINTS LOWER USD/JPY has continued to move lower as the narrowing of yield differentials and softer economic data limits Dollar strength. […]

Crude Oil Price Technical Forecast: WTI Rebound Bounces into August

CRUDE OIL TECHNICAL FORECAST: WTI WEEKLY TRADE LEVELS Crude Oilupdated technical trade levels – Weekly Chart WTI rebounds off support – looking to validate completion of correction into August New to Oil Trading? Get started with this Free How to Trade Oil-Beginners Guide Crude oil prices snapped a three-week losing streak with WTI now up more than 12% off the […]

Gold Price & Silver Forecast – XAU, XAG May Put Rally to the Test

GOLD PRICE TECHNICAL OUTLOOK:NEUTRAL TO BEARISH Gold rally may stall and be put to the test Major horizontal level helped by confluent trend-line GOLD PRICE & SILVER FORECAST – XAU, XAG MAY WEAKEN IN DAYS AHEAD Gold (XAU/USD) has shown some good strength recently as it comes off support created via a couple of lows formed […]

AUD/USD Holds Above 50-Day SMA Ahead of RBA Rate Decision

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD trades to a fresh monthly high (0.7014) as it initiates a series of higher highs and lows, and the exchange rate may continue to appreciate ahead of the Reserve Bank of Australia (RBA) interest rate decision on August 2 as it holds above the 50-Day SMA (0.6968). AUD/USD HOLDS ABOVE 50-DAY […]

Bitcoin Prices Poised for More Gains as Risk Assets Gain After Weak US GDP

BITCOIN, BTC/USD, US GDP, CRUDE OIL, TECHNICAL OUTLOOK – TALKING POINTS Traders went risk on overnight on a weak US GDP print that trimmed Fed bets Australia eyes second-quarter producer price index data as AUD/USD stalls BTC/USD’s technical posture improves after breaking above resistance Friday’s Asia-Pacific Outlook A weak US second-quarter GDP print saw traders trim Fed […]

Crude Oil Price Boosted by Dwindling Inventories and a Soft US Dollar After Fed Hike

CRUDE OIL, US DOLLAR, WTI, BRENT, API, EIA, BACKWARDATION, FED – TALKING POINTS Crude oil prices are firming as inventories have slid lower The Federal Reserve hiked as expected, but the US Dollar fell If backwardation remains high, where will WTI crude end up? Crude opened higher in Asia today on the back of lower inventory levels and […]

EUR/USD Post-Fed Rebound Susceptible to US GDP, PCE Report

EUR/USD RATE TALKING POINTS EUR/USD continues to carve a series of lower highs and lows as the Federal Reserve delivers another 75bp rate hike, and the exchange rate may struggle to retain the rebound from the yearly low (0.9952) as fresh data prints coming out of the US are likely to keep the central bank on track to […]

USD/CAD Climbs Back Above 50-Day SMA Ahead of Fed Rate Decision

CANADIAN DOLLAR TALKING POINTS USD/CAD trades back above the 50-Day SMA (1.2854) as it bounces back from a fresh monthly low (1.2816), and the Federal Reserve interest rate decision may keep the exchange rate above the moving average as the central bank is expected to deliver another 75bp rate hike. USD/CAD CLIMBS BACK ABOVE 50-DAY SMA […]

Crude Oil Price Technical Forecast: WTI Correction Nears Completion

CRUDE OIL TECHNICAL FORECAST: WTI WEEKLY TRADE LEVELS Crude Oilupdated technical trade levels – Weekly Chart WTI correction approaching key technical support- short bias vulnerable into 85.61 New to Oil Trading? Get started with this Free How to Trade Oil-Beginners Guide Crude oil prices plunged more than 30% off the yearly highs with the decline now approaching key levels […]

Gold Price Outlook Vulnerable to Restrictive Fed Policy

GOLD PRICE TALKING POINTS The recent rebound in the price of gold appears to be stalling as it fails to extend the series of higher highs and lows from last week, and the Federal Reserve interest rate decision may drag on the precious metal as the central bank shows a greater willingness to implement a restrictive policy. […]

S&P 500, Nasdaq 100 Await Google and Microsoft’s Earnings, FOMC & US GDP Eyed

US STOCKS OUTLOOK: The S&P 500 ekes out small gain, while the Nasdaq 100 falls for the second day in a row Microsoft and Alphabet’s earnings to steal the spotlight on Tuesday The FOMC monetary policy decision will take the center stage on Wednesday Most Read: Crude Oil Price Forecast – Make or Break Time as Triangle Apex Nears. What’s Next? U.S. […]

Dollar Down, but Moves Were Small Over an Expected Fed Hike

By Zhang Mengying Investing.com – The dollar was down on Monday morning in Asia, but moves were small as investors braced for a 75-basis-point interest rate hike by the U.S. Federal Reserve this week. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.05% to 106.68 by 12:57 AM […]

US Dollar Technical Forecast: USD Exhaustion- DXY Turns Ahead of Fed

US DOLLAR TECHNICAL PRICE OUTLOOK: DXY WEEKLY TRADE LEVELS US Dollar technical trade level update – Weekly Chart USD exhausts into uptrend resistance- risk for deeper pullback heading into FOMC DXY weekly support 104.77/88, 103 (key), 101.94 – Resistance 108.09, 110.25 (key), 111.31 The US Dollar Index snapped a three-week winning streak with the DXY off more than 1.5% to trade at 106.48 ahead of the US […]

The Pound’s Woes Run Deep, Whether It’s Truss or Sunak in No. 10

Bloomberg — Whoever becomes 10 Downing Street’s newest resident will inherit a maelstrom of economic problems. UK inflation running at the fastest pace since the early 80s. The Bank of England’s tip-toeing on rate hikes relative to its peer across the Atlantic. Festering labor and supply-chain wounds left by Brexit. All of that has GBP/USD languishing near […]

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: BEARISH Stocks continued to rise into Friday trade while furthering the pullback that started from lows in mid-June. Next week brings the FOMC with an expected 75 basis point rate hike, but the bigger item at the moment is negative economic data such as the Friday PMI release and how the Fed will manage the continued […]

Gold and Silver Technical Forecast: Charts Indicate Further Losses Ahead for XAU, XAG

GOLD AND SILVER TECHNICAL FORECAST: BEARISH Gold prices broke a five-week losing streak after making a fresh 2022 low XAU’s modest rebound, however, casts doubt over further price gains Silver prices moderate above 18, but the preceding downtrend may resume GOLD TECHNICAL OUTLOOK Gold snapped a five-week losing streak after prices fell to a fresh 2022 low […]

US Dollar Forecast: Bigger Setback Possible for DXY Index, USD/JPY

US DOLLAR OUTLOOK: The US Dollar (via the DXY Index) is teetering along a key support level, its daily 21-EMA (one-month moving average). If the DXY Index closes below its daily 21-EMA for the first time since June 7, it may signal a deeper retracement to come. The IG Client Sentiment Index suggests that USD/JPY has a bearish bias in the near-term. […]

Canadian Dollar Technical Analysis: CAD/JPY, USD/CAD Rates Outlook

CANADIAN DOLLAR OUTLOOK: The Canadian Dollar has proved in the week following the largest Bank of Canada rate hike in history. CAD/JPY rates are in the midst of a bullish breakout from a symmetrical triangle, while USD/CAD rates continue to trade lower from significant resistance. According to the IG Client Sentiment Index, USD/CAD rates have a mixed bias in the near-term. HAWKISH BOC, ‘RISK-ON’ […]

Nasdaq 100 Rallies on Upbeat Sentiment, Tesla’s Earnings Top Forecasts. Now What?

US STOCKS OUTLOOK: U.S. stocks gain for the second straight day, buoyed by slowly improving sentiment The S&P 500 rises 0.59% while the Nasdaq 100 surges 1.55% Tesla’s results, released after the market close, beat consensus expectations, sending the electric car maker’s shares up nearly 4% briefly in extended trading Most Read: Gold Price Forecast – Selling Slows but Doesn’t […]

Canadian Dollar Price Outlook: USD/CAD Reversal Slams into Support

CANADIAN DOLLAR TECHNICAL PRICE OUTLOOK: SHORT-TERM TRADE LEVELS Canadian Dollar updated technical trade levels – Daily & Intraday Charts USD/CAD July range-reversal now testing support at monthly lows- inflection risk Resistance 1.2938/51, 1.3015 (key), 1.3076- Support 1.2859/72 (key), 1.2740s, 1.2703/16 The Canadian Dollar surged more than 1% against US Dollar with USD/CAD plunging nearly 2.8% off the yearly high in just five […]

USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision

JAPANESE YEN TALKING POINTS USD/JPY carves a series of lower highs and lows after failing to test the September 1998 high (139.91), but the Bank of Japan (BoJ) interest rate decision may prop up the exchange rate as the central bank remains reluctant to move away from its easing cycle. USD/JPY PULLBACK EMERGES AHEAD OF BOJ INTEREST […]

Bitcoin Rallies into APAC Trading as Market Sentiment Brightens

BITCOIN, BTC/USD, MARKET SENTIMENT, CHINA, TECHNICAL OUTLOOK – TALKING POINTS APAC markets set to trade higher as risk assets rally US Dollar falls as traders look past recession fears BTC/USD on track to break above confluent resistance WEDNESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific Markets are set to open higher after stocks and other risk assets rallied in New York […]

Canadian Dollar Forecast: USD/CAD Rate Pullback Eyes 50-Day SMA

CANADIAN DOLLAR TALKING POINTS USD/CAD appears to be reversing course ahead of the November 2020 high (1.3371) as it initiates a series of lower highs and lows, and the exchange rate may attempt to test the 50-Day SMA (1.2861) for the second time in July as it extends the decline from the yearly high (1.3224). CANADIAN […]

GBP/USD Climbs as APAC Traders Eye RBA Minutes, China Developments

BRITISH POUND, GBP/USD, BANK EARNINGS, IRON ORE, COPPER, GRAINS – TALKING POINTS British Pound advances versus a broadly weaker US Dollar Iron ore and copper gain as China mulls property sector move GBP/USD turns bullish after breaking out of wedge pattern TUESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets may see a mixed open amid regional shifts in global market sentiment. US stocks […]

Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ

Global financial markets came under pressure last week as recession fears permeated market sentiment, dragging on stock indexes, commodities, and risk-sensitive currencies. The closely-watched 10-Year/2-Year yield spread—a so-called recession predictor—fell deeper into inversion. That suggests waning confidence in the Fed’s ability to orchestrate a “soft landing.” Economic growth expectations have softened considerably recently. China’s Q2 […]

AUD/USD at Key Technical Level as APAC Trading Kicks Off

AUSTRALIAN DOLLAR, AUD/USD, NZ INFLATION, CHINA, COVID – TALKING POINTS New Zealand’s second-quarter inflation rises 7.3%, beating expectations China reports a rising number of Covid cases over the weekend AUD/USD sees potential breakout as prices test Falling Wedge MONDAY’S ASIA-PACIFIC OUTLOOK New Zealand’s second-quarter inflation rose at a 7.3% year-over-year pace, beating the 7.1% y/y Bloomberg […]

Stock Market Weekly Forecast: S&P 500 & DAX 40

S&P 500, DAX 40 ANALYSIS AND NEWS S&P 500 | S&P 500 | Bear Market Bounce to Close the Week DAX 40 |Russia Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus S&P 500 | BEAR MARKET BOUNCE TO CLOSE THE WEEK Despite the volatile FX action with the USD breaking out to fresh record highs and US […]

Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too

JAPANESE YEN FUNDAMENTAL FORECAST: BEARISH Japanese Yen remains vulnerable to a dovish BoJ Local CPI likely to clock in above their price target Central bank’s inaction leaves JPY to external risks The Japanese Yen continued to weaken against its major counterparts this past week. This is something the currency has been quite familiar with this year. […]

S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: NEUTRAL S&P 500, Nasdaq & Dow technical trade level update – Weekly Charts SPX500 support 3734, 3665, 3501- resistance 3906, 4089-4179, 4368/76 Nasdaq support 11119, 10589, 9206/446- resistance 12208, 12668, 13225 Dow support at 29794, 28323, 27583/919- resistance 31392, 32272/375, 33271 A volatile month in stocks keeps all three major equity indices within a well-defined monthly range […]

Gold Price Forecast: Gold Turn or Burn as Bears Drive to 1700

GOLD TECHNICAL FORECAST: NEUTRAL Gold prices fell for the fifth week in a row, falling by 10% from the June high while running into support at the 1700 handle. Just below is another key spot of support around 1680, which has been tested three separate times since the top was set in August of 2020. With […]

EUR/USD Vulnerable to Upbeat US Retail Sales as Fed Plans for Restrictive Policy

EUR/USD RATE TALKING POINTS EUR/USD trade back above parity as it bounces back from a fresh yearly low (0.9952), but the update to the US Retail Sales report may drag on the exchange rate as the Federal Reserve shows a greater willingness to implement a restrictive policy. EUR/USD VULNERABLE TO UPBEAT US RETAIL SALES AS FED […]

Crude Oil Technical Outlook: WTI Spills into Last Lines of Support

CRUDE OIL TECHNICAL FORECAST: WTI NEAR-TERM TRADE LEVELS Crude Oilupdated technical trade levels – Daily & Intraday Charts WTI price – risk for pullback within uptrend New to Oil Trading? Get started with this Free How to Trade Oil-Beginners Guide Crude oil prices plunged to the lowest levels in four-months today with WTI plummeting more than 26% off the June […]

Australian Dollar Bumped Up on Jobs Data Adding to RBA Hawkishness. Will AUD/USD Rally?

AUSTRALIAN DOLLAR, AUD/USD, JOBS, UNEMPLOYMENT, RBA, FED, BOJ – TALKING POINTS The Australian Dollar inched higher after an astonishing jobs number Today’s data could prompt the RBA to follow other central bank to big hikes If AU CPI beats to the topside, will super-sized RBA hikes boost AUD/USD? The Australian Dollar got little help from a stellar jobs […]

Pivot Point Strategies for Forex Traders

– Reviewed by James Stanley, Nov. 24, 2021 A forex pivot point strategy could very well be a trader’s best friend as far as identifying levels to develop a bias, place stops and identify potential profit targets for a trade. Pivot points have been a go-to for traders for decades. The basis of pivot points is such that price will […]

EUR/USD Forecast: Failure to Hold Above Parity Opens Up December 2002 Low

EUR/USD RATE TALKING POINTS EUR/USD trades at parity for the first time since nearly two decades as it slips to fresh yearly low (1.0000) in July, and the exchange rate may fall towards the December 2002 low (0.9859) as the Relative Strength Index (RSI) sits in oversold territory. EUR/USD FORECAST: FAILURE TO HOLD ABOVE PARITY OPENS UP DECEMBER […]

Gold Price Forecast: Further Selling Anticipated – Levels for XAU/USD

GOLD PRICE OUTLOOK: Gold prices continue to edge lower, thanks in part to a dispiriting fundamental and technical backdrop. The measured move from the symmetrical triangle breakout calls for gold prices to fall below 1700 over the coming weeks. According to the IG Client Sentiment Index, gold prices hold a mixed bias in the near-term. NOTHING TO […]

USD/JPY Clears June Range to Push RSI Towards Overbought Territory

JAPANESE YEN TALKING POINTS USD/JPY trades to a freshly yearly high (137.75) on the back of US Dollar strength, and the update to the US Consumer Price Index (CPI) may fuel the recent advance in the exchange rate as the headline reading is expected to increase for ten consecutive months. USD/JPY CLEARS JUNE RANGE TO PUSH RSI TOWARDS […]

US Dollar Forecast: Fresh Yearly Highs for DXY Index, USD/JPY

US DOLLAR OUTLOOK: The US Dollar (via the DXY Index) has continued its meteoric climb, posting fresh yearly highs versus the British Pound, Euro, and Japanese Yen today. The US Dollar’s push to fresh yearly highs comes ahead of the widely anticipated June US CPI report, which should provide more justification for the Federal Reserve to raise rates by 75-bps later […]

Central banks face key decisions on digital currency, says BIS

LONDON (Reuters) – Central banks will have to make “fundamental” decisions on cross-border access for a digital version of their currency to serve as a means of payment effectively, a committee at the Bank for International Settlements said on Monday. “Central banks must make critical choices on the access of non-residents and foreign financial institutions […]

Dollar Up, Supported by Global Growth Fears

By Zhang Mengying Investing.com – The dollar was up on Monday morning in Asia, global growth fears helped the safe-haven dollar gain more broadly. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.29% to 107.32 by 1:42 AM ET (0542 GMT). The USD/JPY pair gained 0.72% to 137.05. “The dollar is […]

Stock Market Week Ahead: S&P 500 & DAX 40 Forecast

S&P 500, FTSE 100 ANALYSIS AND NEWS S&P 500 | All or Nothing on US CPI DAX 40 |Concerns Over Russia Turning Back On Gas Flows S&P 500 | ALL OR NOTHING ON US CPI Equity markets have kicked off H2 on the front foot with the S&P 500 on course to record a 3% weekly gain, […]

EUR/USD Fundamental Forecast: Parity in Reach as Headwinds Accrue

EURO FUNDAMENTAL FORECAST: BEARISH Germany records first trade deficit in 30 years as imported energy prices take hold Is the ECB too late to hike rates and Germany’s main gas pipeline to undergo routine maintenance from next week Major risk events: ZEW sentiment, US CPI, retail sales data and Michigan consumer sentiment FUNDAMENTAL HEADACHES ACCRUE […]

Former Mexican President Echeverria, famed for role in repression, dies at 100

By Adriana Barrera MEXICO CITY (Reuters) -Former Mexican President Luis Echeverria, who took office in 1970 promising a democratic opening for the country but oversaw six of the harshest years of a so-called “dirty war” against dissidents, has died aged 100. Mexican President Andres Manuel Lopez Obrador on Twitter (NYSE:TWTR) confirmed the death on Saturday, […]

Australian Dollar Outlook: Low for Longer Keeps the Good Times Rolling

AUSTRALIAN DOLLAR FORECAST: NEUTRAL The Australian Dollar remains hostage to external factors for now RBA rate hikes arrive and exporters revel in prime trade conditions An aggressively hawkish Fed presents risks. Will China’s stimulus rescue sentiment? The Australian Dollar has had another week of ups and downs as the machinations of global markets ricocheted through AUD/USD. The RBA hiked […]

Gold Price Outlook Turns to NFPs with XAU/USD Set for the Worst Week in 2 Months

GOLD, XAU/USD, NON-FARM PAYROLLS REPORT, IG CLIENT SENTIMENT – GOLD BRIEFING: Gold prices on course for the worst week in about 2 months US non-farm payrolls report may bring more volatility next XAU/USD also at risk of more long bets from retail traders Gold prices are on course for the worst week in about 2 months, with […]

Chinese Yuan Chips at Dollar as Iron Ore Catches Bid on Stimulus News

CHINESE YUAN, USD/CNH, STIMULUS, UK, OIL, TECHNICAL OUTLOOK – TALKING POINTS The Chinese Yuan gained against the Dollar overnight amid risk-on market Iron ore prices rose after news circulated that China may boost stimulus USD/CNH is trading near triangle support after dropping below 20-day SMA FRIDAY’S ASIA-PACIFIC OUTLOOK Asia Pacific markets look set to open higher […]

AUD/USD Consolidates Around Yearly Low Ahead of US NFP Report

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD trades to a fresh yearly low (0.6761) in July even as the Reserve Bank of Australia (RBA) delivers another 50bp rate hike, and the exchange rate may face headwinds later this week as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in employment. AUD/USD CONSOLIDATES AROUND YEARLY LOW […]

EUR/USD Falls Toward Parity as RSI Pushes into Oversold Territory

EUR/USD RATE TALKING POINTS EUR/USD fails to defend the 2020 low (1.0340) as it tumbles to a fresh yearly low (1.0161), and the exchange rate may fall towards parity as the Relative Strength Index (RSI) pushes into oversold territory for the fourth time this year. EUR/USD FALLS TOWARD PARITY AS RSI PUSHES INTO OVERSOLD TERRITORY EUR/USD is […]

Gold Price Eyes December Low as RSI Flirts with Oversold Territory

GOLD PRICE TALKING POINTS The price of gold appears to be tracking the negative slope in the 50-Day SMA ($1840) as it trades to a fresh yearly low ($1764), and bullion may attempt to test the December low ($1753) as the Relative Strength Index (RSI) flirts with oversold territory. GOLD PRICE EYES DECEMBER LOW AS RSI FLIRTS […]

AUD/USD Grips Trendline as Shanghai Covid Fears Resurface

AUSTRALIAN DOLLAR, AUD/USD, COVID, OIL, FOOD PRICES, RBA CHART PACK – TALKING POINTS The Australian Dollar fell against a safe-haven-boosted USD Crude oil prices slide alongside broader commodity downturn AUD/USD back at major trendline support after a big drop WEDNESDAY’S ASIA-PACIFIC OUTLOOK Investors flocked to haven assets overnight amid a volatile trading session in New York. US stocks started the […]

Long EUR/GBP – Interest Rate Differentials and Market Pricing: Top Trading Opportunities

After a strong end to 2021 for the pound, 2022 has seen a change in fortunes for EUR/GBP bears. This is partly due to the market’s overexuberance in pricing rate hikes from the Bank of England (BoE) in late 2021 which has since unveiled itself in EUR/GBP price action. My bias for euro appreciation against the British Pound comes […]

Australian Dollar Trends to Persist in 3Q 2022: Top Trading Opportunities

AUD/USD appeared to be on track to test the yearly low (0.6829) after failing to push above the 50-Week SMA (0.7243), but the exchange rate may consolidate over the near-term as long as it defends the June low (0.6850). AUD/USD WEEKLY CHART/PENDING SHORT: AUD/USD Source: TradingView As a result, AUD/USD may face range bound conditions as the Reserve […]

Oil Q3 2022 Technical Forecast: WTI Bull Trend Shows Signs of Slowing Down, Not Breaking

Technical forecasts for oil are always challenging as the market is so heavily driven by fundamental factors like demand and supply, geopolitical uncertainty, war, the value of the dollar, the state of the global economy and others. Furthermore, global growth concerns rear their ugly head at a time when inflation remains uncomfortably high, leaving oil prices susceptible to an […]

British Pound Q3 2022 Forecast: The Bank of England – It’s Time to Decide

The second quarter of the year has been a tricky three months for the Bank of England (BoE) as inflation continued to soar – and is expected to rise further – while growth slowed to a crawl, sparking fears that the UK may enter a recession (two consecutive quarters of negative growth). While the BoE […]

Australian Dollar Q3 2022 Technical Forecast: Change in Fortunes for AUD

A lot has changed from my Q2 Australian Dollar forecast from being one of the few currencies in the green against the U.S. dollar to almost 4.6% down year-to-date (see graphic below). This drop has come after commodity prices took a turn lower while the Chinese economy has been teetering due to its COVID-19 ‘zero-tolerance’ policy and economic growth […]

Australian Dollar Q3 2022 Forecast: Fed’s Lost Credibility is Noted by RBA

The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. The monetary policy tightening cycle pivoted dramatically in the second quarter toward a far more aggressive stance from both the Reserve Bank of Australia (RBA) and the Federal Reserve, among others. Notable exceptions from […]

Long KWEB as Beijing Injects More Stimulus and Eases Regulations: Top Trading Opportunities

China’s Internet stocks have been in a major downtrend over the last 15 months or so. For example, KWEB (KraneShares CSI China Internet ETF), a fund that tracks Chinese companies whose primary business is focused on Internet and web related technology, has plunged more than 65% from its February 2021 high, weighed down by a […]

EUR/USD Rate to Face Range Bound Conditions on Failed Test of June Low

EUR/USD RATE TALKING POINTS EUR/USD carves a series of lower highs and lows after testing the 50-Day SMA (1.0570) earlier this week, but the exchange rate may face range bound conditions over the coming days as it appears to be defending the monthly low (1.0359).   EUR/USD RATE TO FACE RANGE BOUND CONDITIONS ON FAILED TEST OF […]

Gold Price Technical Forecast: Gold Vulnerable into July

GOLD TECHNICAL PRICE FORECAST: XAU/USD WEEKLY TRADE LEVELS Gold price updated technical trade levels – Weekly Chart XAU/USD attempting to mark third weekly sell-off – focus is on monthly / weekly close New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guides Gold prices plunged 0.5% this week with XAU/USD on pace for a third consecutive weekly […]

Euro Outlook: EUR/USD, EUR/GBP Remain Vulnerable as Retail Traders Hold Long

EURO, EUR/USD, EUR/GBP, TECHNICAL ANALYSIS, RETAIL TRADER POSITIONING – SENTIMENT WEEKLY Retail traders remain bullish on the Euro across most pairs From a contrarian standpoint, this may not bode well for it What is the road ahead for EUR/USD and EUR/GBP? Retail traders continue to maintain upside exposure in the Euro in certain pairs despite ongoing weakness in the single […]

Nasdaq Price Outlook: NQ Recovery Backs Down Ahead of Q3 Open

NASDAQ TALKING POINTS: The tech-heavy index is down by more than 30% from the high set last November. Q2 has been especially painful with the Nasdaq currently down more than 20% in the quarter. Tomorrow brings quarter-end but there’s no sign yet of the Fed letting up as inflation remains well-above their 2% target. This could spell continued pain […]

AUD/USD Outlook Mired by Waning Bets for RBA Rate Hike in July

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD consolidates within the June range as it manages to hold above the yearly low (0.6829), but the exchange rate may face headwinds ahead of the Reserve Bank of Australia (RBA) interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike. AUD/USD OUTLOOK MIRED BY […]

Bitcoin Prices Tied to Sentiment as APAC Eyes Retail Sales Data

BITCOIN, BTC/USD, MARKET SENTIMENT, RETAIL SALES, TECHNICAL OUTLOOK – TALKING POINTS Bitcoin falls alongside US equity markets as market sentiment deteriorates Retail sales data out of Japan and Australia eyed to assess APAC growth BTC/USD nears critical test of support as bears advance for third day WEDNESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific traders face a risk-off open after a […]

The Forces of Supply and Demand

– Reviewed by James Stanley, Nov. 24, 2021 The primitive forces of capitalism rule markets like the laws of gravity. Buyers and sellers provoke a battle to find a happy medium agreement in every financial market. As prices dance around on charts, traders are often looking for reasons to explain price movements however, the underlying source […]

How Central Banks Impact the Forex Market

Reviewed by Nick Cawley on December 9, 2021 THE ROLE OF CENTRAL BANKS IN THE FOREX MARKET Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in […]

AUD/USD Prices Looking to Chinese Economic Data as APAC Trading Kicks Off

AUSTRALIAN DOLLAR, AUD/USD, CHINESE INDUSTRIAL PROFITS, COPPER – TALKING POINTS The Australian Dollar eyes further gains versus the US Dollar Chinese industrial profits data in focus to kick off APAC trading AUDUSD may face resistance from the 23.6% Fib and 20-day SMA MONDAY’S ASIA-PACIFIC OUTLOOK Chinese industrial profits data is set to cross the wires this morning, which could […]

US Dollar Forecast: Positive Slope in 50-Day Points to USD Breakout

US DOLLAR TALKING POINTS The US Dollar Index (DXY) consolidates after trading to a fresh yearly high (105.79) earlier this month, but the Greenback may attempt to break out of the range bound price action if it continues to track the positive slope in the 50-Day SMA (103.04). TECHNICAL FORECAST FOR US DOLLAR: BULLISH The US Dollar […]

Japanese Yen Technical Forecast: USD/JPY Chart Flashes Mixed Signals around 2002 High

JAPANESE YEN TECHNICAL FORECAST: NEUTRAL The Japanese Yen’s decline against the US Dollar moderated last week Prices fell back below the 2002 high after a Bearish Engulfing Candle Momentum oscillators are flashing mixed signals for the week ahead The Japanese Yen’s free fall versus the US Dollar largely slowed last week, with USD/JPY nearly unchanged moving into the weekend. The […]

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: BULLISH The market is set up to continue its recovery phase Bullish bottom sequence set up to trigger soon S&P 500 TECHNICAL FORECAST The S&P 500 is in the process of a triggering an ‘RST’ pattern, a bullish sequence (or bearish if ending a trend) where growing instability carves out a series of higher […]

Crude Oil Price Outlook: WTI Trendline Breakout Spells Trouble as Retail Traders Buy

CRUDE OIL WEEKLY TECHNICAL OUTLOOK: BEARISH Crude oil prices have been falling with global growth concerns WTI took out a key rising trendline, hinting at further losses next This is as retail traders are now majority long, a bearish signal WTI crude oil prices fell this past week, extending losses since the beginning of this month amid rising recession […]

AUD/USD Eyes Rebound After Iron Ore Catches Bid on President Xi Commentary

AUSTRALIAN DOLLAR, AUD/USD, IRON ORE, PRESIDENT XI, JAPAN CPI – TALKING POINTS Australian Dollar falls against US Dollar as markets shift to risk-off The 2022 BRICS Summit set to kick off today in virtual format AUD/USD looks set for further weakness above key trendline support FRIDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets are set to open higher after a rosy overnight session […]

Gold Price Outlook Mired by Failure to Test 50-Day SMA

GOLD PRICE TALKING POINTS The price of gold appears to be stuck in a narrow range following the failed attempt to test the May low ($1787), but lack of momentum to test the 50-Day SMA ($1864) may undermine the rebound from the monthly low ($1805) as the moving average reflects a negative slope. GOLD PRICE OUTLOOK MIRED […]

Australian Dollar Eyes BRICS Summit After Mixed PMI Data

AUSTRALIAN DOLLAR, AUD/USD, FED, BOND YIELDS, BRICS – TALKING POINTS Australian Dollar falls against US Dollar as markets shift to risk-off The 2022 BRICS Summit set to kick off today in virtual format AUD/USD looks set for further weakness above key trendline support THURSDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets may fall today after traders went risk-off overnight during the New […]

Gold Price Forecast: Ranging within Triangle, For Now – Levels for XAU/USD

GOLD PRICE OUTLOOK: Gold prices continue to trade within a multi-week symmetrical triangle dating back to April. Fundamental headwinds remain – rising US real yields – and are unlikely to abate any time soon. According to the IG Client Sentiment Index, gold prices hold a mixed bias in the near-term. MORE SIDEWAYS TRADING Gold prices have made […]

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

CENTRAL BANK WATCH OVERVIEW: Each of the commodity currency central banks are expected to hike rates by at least 50-bps at their next meetings. Matching the pace of the Federal Reserve, the Bank of Canada is anticipated to hike by 75-bps in July. Retail trader positioning suggests that AUD/USD rates have a bearish bias, NZD/USD rates have a neutral bias, and USD/CAD rates […]

FX Week Ahead – Top 5 Events: UK Inflation Rate; Canada Inflation Rate; Powell Testimony; Japan Inflation Rate; German Ifo Business Climate

FX WEEK AHEAD OVERVIEW: The coming week will offer more insights into weakening growth and record inflation around the globe. British, Canadian, and Japanese inflation data from May will keep markets focused on how central banks plan to bring down price pressures. Fed Chair Jerome Powell’s testimony to Congress this week comes just a few […]

Crude Oil Trading Strategies and Tips

Reviewed by Nick Cawley on December 20, 2021 CRUDE OIL TRADING STRATEGIES AND TIPS Crude oil is ranked among the most liquid commodities in the world, meaning high volumes and clear charts for oil trading. Oil traders should understand how supply and demand affects the price of oil. Both fundamental and technical analysis is useful for oil trading and allows traders […]

Markets week Ahead: Dow Jones, US Dollar, USD/CAD, GBP/USD, USD/JPY, Powell, Inflation

Global financial markets moved diligently to price in the latest action from the Federal Reserve last week when Mr. Powell’s FOMC raised the US benchmark rate by 75-basis-points. The jumbo rate hike tempered inflation expectations, and perhaps returned some credibility to the institution. However, the impact on equity markets was undeniably bearish. The Dow Jones Industrial Average (DJIA) fell […]

Bitcoin recovers, climbs 7.6% to pass $20,400

By Tina Bellon (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the […]

US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/JPY

US DOLLAR TECHNICAL FORECAST: BULLISH The US Dollar set a fresh 20-year-high this week, and then pulled back the day after the FOMC rate decision, falling by more than 2% after the Fed’s largest hike in 28 years. The USD came back to life on Friday, helped along by another dovish BoJ rate decision. After the ECB meeting in […]

Gold Price Forecast: Gold Rangebound on Rates and Inflation Tug Of War

GOLD PRICE ANALYSIS AND NEWS Choppy Trading for Gold Likely to Persist Gold Techs to Watch CHOPPY TRADING FOR GOLD LIKELY TO PERSIST Gold is on course for a weekly loss for the first time in 4-weeks as rising global yields and a surging USD continues to weigh on the precious metal. However, price action remains somewhat choppy, which […]

BTC/USD May Break 20,000 as Bank of Japan Decision Looms

BITCOIN, BTC/USD, BANK OF JAPAN, USD/JPY, MARKET SENTIMENT – TALKING POINTS Bitcoin bears pressing attack as Wall Street sentiment pulls back Bank of Japan set to deliver rate decision; USD/JPY under watch BTC/USD primed for another attack on the key 20,000 level FRIDAY’S ASIA-PACIFIC OUTLOOK The post-FOMC market enthusiasm evaporated overnight in New York as Wall Street traders hit the sell button […]

S&P 500 Plunges into Free-Fall and Hits Fresh 2022 Lows on Growing Recession Fears

US STOCKS OUTLOOK: U.S. stocks erase Wednesday’s gains and turn sharply lower The S&P 500 plummets more than 3% and hits new 2022 lows Selling activity on Wall Street appears to be triggered by fears that the U.S. economy is headed for a recession Most Read: Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994 in Effort […]

Crude Oil Price Eyes June Low amid Rise in US Inventory & Production

CRUDE OIL PRICE TALKING POINTS The price of oil dips to a fresh weekly low ($114.60) following an unexpected rise in US inventories, and crude may face a further decline over the coming days if it fails to defend the opening range for June. CRUDE OIL PRICE EYES JUNE LOW AMID RISE IN US INVENTORY & PRODUCTION […]

NZD/USD Price Forecast: Post-FOMC Bounce Hits Snag on Downbeat GDP Data

NEW ZEALAND DOLLAR, NZD/USD, FOMC, NZ GDP, CRUDE OIL – TALKING POINTS New Zealand Dollar rally may stall on downbeat economic data after FOMC bounce New Zealand’s first-quarter GDP growth at -0.2% q/q, missing analysts’ estimates NZD/USD recovers after setting fresh yearly low as bulls look to push higher THURSDAY’S ASIA-PACIFIC OUTLOOK The New Zealand Dollar rose against a […]

Gold Price Approaches May Low After Reversing Ahead of 50-Day SMA

GOLD PRICE TALKING POINTS The price of gold trades to a fresh monthly low ($1805) as US Treasury yields push to fresh yearly highs, and the Federal Reserve interest rate decision may keep the precious metal under pressure as the central bank is expected to deliver another 50bp rate hike. GOLD PRICE APPROACHES MAY LOW AFTER REVERSING […]

AUD/USD Eyes Westpac Consumer Confidence Ahead of FOMC

AUSTRALIAN DOLLAR, US DOLLAR, AUD/USD, FED, OIL, NATURAL GAS – TALKING POINTS Australian Dollar falls versus US Dollar as markets prep for Fed action Natural gas markets see volatility surge after US terminal incident AUD/USD approaches critical point of resistance near May low WEDNESDAY’S ASIA-PACIFIC OUTLOOK The Australian Dollar tumbled again versus the US Dollar overnight as Federal Reserve rate […]

Japanese Yen Steadies Against USD as Bank of Japan is in Focus. Has USD/JPY Peaked?

JAPANESE YEN, USD/JPY, BOJ, FED, INFLATION, YCC, STAGFLATION- TALKING POINTS USD/JPY made a 24-year high this week but lacked follow through JPY directionality appears to have stalled ahead the Bank of Japan on Friday If the Band of Japan ignores inflation, will USD/JPY go higher? The Japanese Yen faces a policy problem ahead as the Bank of Japan (BoJ) […]

EUR/USD Rate Approaches Yearly Low with Fed Rate Hike on Tap

EUR/USD RATE TALKING POINTS EUR/USD trades to a fresh monthly low (1.0400) as it extends the series of lower highs and lows from last week, and the exchange rate appears to be on track to test the yearly low (1.0349) as the Federal Reserve is widely expected to implement higher interest rates on June 15. EUR/USD […]

Euro Technical Outlook – EUR/USD and EUR/JPY Have Lost Ground but Have Trend Lines Intact. Will They Hold?

EURO, EUR/USD, US DOLLAR, EUR/JPY, JAPANESE YEN – TALKING POINTS EUR/USD has broken down and is eyeing off a 5-year low Yen depreciation has seen EUR/JPY boosted but it now faces hurdles Broader weakness in the Euro might provide opportunities EUR/USD TECHNICAL ANALYSIS After failing to break below the January 2017 low of 1.0340, EUR/USD has staged a rally that has broken […]

Euro Forecast: EUR/USD Now Turns to the Fed and BoE After a Hawkish ECB

EURO FUNDAMENTAL AND TECHNICAL FORECAST: BEARISH Euro was unable to find support from a hawkish ECB last week EUR/USD faces too much competition from a more hawkish Fed Single currency at risk ahead with eyes on the Fed, BoE and BoJ The Euro staged its worst performance against the US Dollar last week since late April, with EUR/USD falling about […]

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: BEARISH S&P 500 broke-down ahead of the Friday CPI release. Nasdaq 100 begins re-test of key support that held the lows in May. Dow Jones looks poised to re-test the yearly low that was set in May at 30,585. The analysis contained in article relies on price action and chart formations. To learn more about price action or […]

Gold Price Technical Forecast: Hot Inflation Sparks Gold Reversal

GOLD TECHNICAL PRICE FORECAST:XAU/USD WEEKLY TRADE LEVELS Gold priceupdated technical trade levels – Weekly Chart XAU/USD marks outside-weekly reversal off key support– downtrend resistance in view New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guides Gold prices rallied just over 1% this week with XAU/USD responding to a key technical range we’ve been tracking for […]

Australian Dollar Falls on Return of Chinese Lockdowns Ahead of US CPI

AUSTRALIAN DOLLAR, EURO, CHINA, COVID, CPI – TALKING POINTS Australian Dollar falls as risk sentiment erodes ahead of US CPI print China’s “Zero-Covid” policy back in focus after President Xi’s comments AUD/USD takes out June gains after losses accelerated overnight FRIDAY’S ASIA-PACIFIC OUTLOOK A wave of selling across risk assets during New York trading hours may cascade […]

Crude Oil Price Technical Forecast: WTI Surging Higher- Levels to Know

CRUDE OIL TECHNICAL FORECAST: WTI WEEKLY TRADE LEVELS Crude Oil updated technical trade levels – Weekly Chart WTI price breakout attempting seventh weekly advance- Initial resistance targets in view New to Oil Trading? Get started with this Free How to Trade Oil-Beginners Guide Crude oil prices surged for a seventh consecutive week with WTI rallying a staggering 32.5% off the […]

A Guide to Trading Psychology

TRADING PSYCHOLOGY: BEYOND THE BASICS The psychology of trading is often overlooked but forms a crucial part of a professional trader’s skillset. DailyFX is the perfect place to learn how to manage your emotions and hone your trading psychology; our analysts have already experienced the ups and downs, so you don’t have to. Keep reading […]

Australian Dollar Post-RBA Boost May Continue as Uranium Prices Surge

AUSTRALIAN DOLLAR, AUD/USD, URANIUM, BOND YIELDS, RECESSION – TALKING POINTS Australian Dollar may continue its post-RBA climb as uranium prices surge Global recession fears are back in the spotlight after the World Bank report AUD/USD is probing a familiar level of resistance as oscillators strengthen WEDNESDAY’S ASIA-PACIFIC OUTLOOK The Australian Dollar paced higher against the US Dollar through the […]

Fibonacci Confluence on FX Pairs

Talking Points: – As looked at earlier in this module,Fibonacci retracements can help traders to identify possible support/resistance. – We’ve previously discussed how a trader can use Fibonacci retracements on long-term-charts, and by focusing on multiple major moves traders may be able to glean confluent areas of support/resistance. This can provide multiple reasons for buyers […]

Euro Technical Outlook – EUR/USD Stalls While EUR/JPY Gains. Will Euro Strength Widen?

EURO, EUR/USD, US DOLLAR, EUR/JPY, JAPANESE YEN – TALKING POINTS EUR/USD has consolidated since lifting off a 5-year low Yen depreciation has seen EUR/JPY boosted to new highs If EUR/USD clears nearby resistance, will it continue north? EUR/USD TECHNICAL ANALYSIS After failing to break below the January 2017 low of 1.0340, EUR/USD has staged a rally that has broken back above […]

Gold Price to Eye May Low on Break of Monthly Opening Range

GOLD PRICE TALKING POINTS The price of gold appears to be on track to test the monthly low ($1829) as it extends the decline following the US Non-Farm Payrolls (NFP) report, and the precious metal may give back the rebound from the May low ($1787) if it snaps the opening range for June. GOLD PRICE TO EYE MAY […]

Bitcoin gains over 5% to $31,441.76

(Reuters) – Bitcoin rose 5.2% to $31,441.76 at 2000 GMT on Monday, adding $1,552.78 to its previous close.   The world’s biggest and best-known cryptocurrency is down 34.8% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, rose 3.17% to $1,862.14 on Monday, adding $57.16 to its previous […]

Dollar Edges Lower; U.S. CPI to Inform Hike Expectations

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Monday, with activity limited ahead of the release of key U.S. consumer inflation data as well as a major European Central Bank meeting. At 3 AM ET (0700 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

Weekly Fundamental Euro Forecast: June ECB Meeting in Focus

FUNDAMENTAL FORECAST FOR THE EURO: NEUTRAL The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention. According to the IG Client Sentiment index, the Euro has a mostly […]

Dollar Down, Investors Bet on More Interest Rate Hikes over Upbeat Jobs Report

By Zhang Mengying Investing.com – The dollar was down on Monday morning in Asia, but moves were small as investors bet on more interest rate hikes over an upbeat U.S. jobs report. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.04% to 102.118 by 11:34 PM ET (3:34 […]

Weekly Crude Oil Forecast: OPEC+ Supply, U.S. Dollar and Economic Data in Focus

BRENT CRUDE OIL (LCOC1) TALKING POINTS OPEC+ increases output target. Attention shifts to key Chinese and U.S. data. BRENT CRUDE OIL FUNDAMENTAL FORECAST: MIXED Brent crude oil finished the week off strong post-NFP despite a stronger U.S. dollar. We saw OPEC+ agreeing to an increase of approximately 648Mbbls/d for July and August respectively which is a marked increase from the […]

Australian Dollar Primed to Move on RBA, Swinging Risk Appetite

AUSTRALIAN DOLLAR WEEKLY OUTLOOK: BEARISH Australian Dollar up amid recovery in market-wide risk appetite Investors seemingly angle for ‘soft landing’ on growth, inflation RBA policy decision, US CPI report in focus in the week ahead The Australian Dollar has mounted a spirited recovery in the back half of May, erasing more than half of the prior […]

Trading Forex at the News Release

Trading forex news releases requires a tremendous amount of composure, preparation and a well-defined strategy. Without these qualities, traders can easily get swept up in all the excitement of a fast-moving market to their detriment. This article provides useful strategies on how to trade forex news during a major news release. Other articles in this series: How […]

AUD/USD Seeks to Maintain Gains After Rosy US Session as NFPs Nears

AUSTRALIAN DOLLAR, AUD/USD, SENTIMENT, COPPER, ECONOMY, NFP – TALKING POINTS Australian Dollar gains ground amid broader sentiment recovery Copper prices rise as supply and demand factors see improvement AUD/USD testing resistance from May after beating 200-day SMA FRIDAY’S ASIA-PACIFIC OUTLOOK The risk-sensitive Australian Dollar put in a solid rally versus the US Dollar overnight as risk appetite returned to US […]

FOREX SEASONALITY IN NEW ZEALAND DOLLAR (VIA NZD/USD) Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD June isa bullish month for NZD/USD, from a seasonality perspective. Over the past 5-years, it has been the sixth best month of the year for the pair, averaging a gain of +0.62%. Over the past 10-years, it has been the second best month of the year, averaging a gain of +1.05%. FOREX SEASONALITY IN CANADIAN DOLLAR (VIA USD/CAD) Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD June is a bearish month for USD/CAD, from a seasonality perspective. Over the past 5-years, it has been the fourth worst month of the year for the pair, averaging a loss of -0.89%. Over the past 10-years, it has been the second worst month of the year, averaging a loss of -0.72%. FOREX SEASONALITY IN SWISS FRANC (VIA USD/CHF) Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD June is a bearish month for USD/CHF, from a seasonality perspective. Over the past 5-years, it has been the sixth best month of the year for the pair, averaging a loss of -0.31%. Over the past 10-years, it has been the third worst month of the year, averaging a loss of -0.82%. FOREX SEASONALITY IN US S&P 500 Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD June isa bullish month for the US S&P 500, from a seasonality perspective. Over the past 5-years, it has been the fifth best month of the year for the index, averaging a gain of +2.38%. Over the past 10-years, it has been the fourth best month of the year, averaging a gain of +1.43%. FOREX SEASONALITY IN GOLD (VIA XAU/USD) Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD June is a mixed month for gold (XAU/USD), from a seasonality perspective. Over the past 5-years, it has been the fifth worst month of the year for the precious metal, averaging a loss of -0.39%. Over the past 10-years, it has been the sixth best month of the year, averaging a gain of +0.28%.

BITCOIN, BTC/USD, YIELDS, SENTIMENT, AUSTRALIAN TRADE BALANCE – TALKING POINTS Bitcoin slides alongside US stocks as yields pressure sentiment Australian trade data on tap for today’s APAC trading session BTC/USD falls below its 20-day SMA as oscillators weaken THURSDAY’S ASIA-PACIFIC OUTLOOK Bitcoin prices dropped more than 6%, outpacing losses on Wall Street overnight, where the Nasdaq-100 Index (NDX) closed 0.74% […]

Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD

JUNE FX SEASONALITY OVERVIEW: The sixth month of the year typically sees modest losses for the US Dollar. The commodity currencies typically perform well in June, with positive 5- and 10-year averages for each of AUD, CAD, and NZD. June has been a good month for US stocks, but a mixed month for gold prices. The beginning of the month warrants a review […]

EUR/USD Pushing Higher as US Traders Buy Overnight Pullback

EUR/USD – TALKING POINTS EUR/USD recovers after briefly falling back below 1.07 ECB now priced for 33 basis points of tightening in June Fed’s Waller hints that September pause may not be on the table The Euro continues to gain against the Dollar as EUR/USD recovers from an overnight dip below 1.07. In a volatile session, the Euro fell […]

Copper Trading: Copper Trading Tips and Strategies

COPPER TRADING: COPPER TRADING TIPS AND STRATEGIES Copper is a highly tradeable commodity. Copper is priced in US Dollars; so the price of the dollar affects the price of copper. Copper is gaining more traction as an investment option along with various other alternatives. As looked at in our primer for copper, copper prices tend to do well when emerging markets […]

US Dollar Bearish Breakouts in Focus: USD/SGD, USD/THB, USD/IDR, USD/PHP

US DOLLAR, USD/SGD, USD/THB, USD/IDR, USD/PHP – ASEAN TECHNICAL ANALYSIS US Dollar saw selling pressure against ASEAN currencies last week Key breakouts are in focus for USD/SGD, USD/THB and USD/IDR USD/PHP is looking neutral, watch the Head and Shoulders pattern SINGAPORE DOLLARTECHNICAL OUTLOOK – BEARISH The Singapore Dollar has been on an absolute tear against the US Dollar, […]

Crude Oil Trading Strategies and Tips

Reviewed by Nick Cawley on December 20, 2021 CRUDE OIL TRADING STRATEGIES AND TIPS Crude oil is ranked among the most liquid commodities in the world, meaning high volumes and clear charts for oil trading. Oil traders should understand how supply and demand affects the price of oil. Both fundamental and technical analysis is useful for oil trading and allows traders […]

Euro Week Ahead: EUR/USD Rebound in Focus, but Total Reversal Seems Unlikely

EURO FUNDAMENTAL AND TECHNICAL FORECAST: NEUTRAL EUR/USD saw the best 2-week performance since late January More hawkish ECB bets, fading Fed rate hike bets a key factor Fundamental and technical obstacles remain in the week ahead The Euro has been on a tear against the US Dollar over the past two weeks. EUR/USD has climbed 1.6% over that time period, the […]

Gold Prices May Rise as US Recession Fears Cool the Fed’s Interest Rate Outlook

GOLD PRICE WEEKLY OUTLOOK: SLIGHTLY BULLISH Gold prices could continue to recover if real yields fail to advance further Weakening U.S. economic activity could translate into a cooler outlook for interest rates, weighing on the U.S. dollar while supporting precious metals Key data to watch out for in the next few days: ISM manufacturing, NFP and ISM services This article examines […]

S&P 500, Nasdaq, Dow Technical Forecast: Stock Reversal Levels

S&P 500, NASDAQ & DOW TECHNICAL PRICE OUTLOOK: WEEKLY TRADE LEVELS S&P 500, Nasdaq & Dow technical trade level update – Weekly Charts SPX500 responds to key support at 3812- resistance 4139/96, 4323 Nasdaq rebounds off key support at 11520/768- resistance 12668, 13506 Dow reversal off key support at 30812- resistance 32944 Stocks snapped a seven-week losing streak with all […]

Dow Jones Soars, Wall Street Aims for Best Week Since March. ASX 200, Hang Seng May Rise

DOW JONES, ASX 200, HANG SENG, RETAIL EARNINGS, TECHNICAL ANALYSIS – ASIA PACIFIC INDICES BRIEFING Dow Jones soars on rosy retail earnings as Wall Street aims for a strong week Traders brush aside softer US GDP figure, where internals are still encouraging ASX 200 and Hang Seng Index may rise, but will their breakouts last for long? […]

Nasdaq 100 Rips as Investor Sentiment Brightens, Core PCE Eyed for Market Direction

US STOCKS OUTLOOK: S&P 500 jumps almost 2%, Nasdaq 100 leads gains on Wall Street, soaring 2.8% U.S. April PCE data will be the center of attention on Friday This article looks at the key technical levels to watch for in the Nasdaq 100 over the next few days Most Read: S&P 500 Rallies as Traders Bet on Potential FOMC Pause […]

Nasdaq 100, S&P 500 Gain as FOMC Minutes Bring No New Hawkish Surprises, US PCE Eyed

US STOCKS OUTLOOK: S&P 500, Nasdaq 10 rebound after the Fed minutes fail to deliver new hawkish surprises While the market rebound is welcome, sentiment remains fragile on Wall Street U.S. April PCE data will be in focus on Friday This article looks at the key technical levels to watch for in the Nasdaq 100 over the next few […]

How to Trade the Doji Candlestick Pattern

DOJI CANDLESTICK TRADING: MAIN TALKING POINTS The Doji candlestick, or Doji star, is a unique candle that reveals indecision in the forex market. Neither the bulls, nor bears, are in control. However, the Doji candlestick has five variations and not all of them indicate indecision. That is why it is crucial to understand how these candles come […]

New Zealand Dollar Technical Analysis: Buy the Rumor, Sell the News Around RBNZ? Setups in NZD/JPY, NZD/USD

NEW ZEALAND DOLLAR OUTLOOK: It feels like déjà vu for the Kiwi: the last time the Reserve Bank of New Zealand raised interest rates by 50-bps, the New Zealand Dollar rallied ahead of the announcement but sold off quickly thereafter. Both NZD/JPY and NZD/USD rates are holding below resistance ahead of the May RBNZ rate decision. According to the IG Client Sentiment Index, the […]

Nasdaq 100 Sinks as Snap’s Meltdown Takes Down Tech Sector; Weak Data Weighs

US STOCKS OUTLOOK: Nasdaq 100 plunges as tech stocks sell off Snap’s profit warning spook markets, prompting investors to cut exposure to social media companies Weak U.S. economic data exacerbates negative sentiment Most Read: Cathie Wood & Ark: Insiders Aren’t Buying the Hype After a brief reprieve at the start of the week, U.S. tech stocks resumed their decline […]

Major Forex Trading Sessions from Around the World

– Reviewed by James Stanley, Nov. 24, 2021 There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Each major geographic market center can exhibit vastly unique traits and tendencies that can allow traders to effectively execute strategies at any time. Although the forex market is the most liquid of all […]

Australian Dollar, S&P 500 at Risk as Snapchat Earnings Sink Social Media Stocks

AUSTRALIAN DOLLAR, SNAPCHAT EARNINGS, S&P 500, CHINESE YUAN AND TARIFFS – ASIA PACIFIC MARKET OPEN Australian Dollar rally risks reversing alongside S&P 500 on Tuesday Snapchat earnings disappoint, sending social media stocks tumbling Chinese Yuan in focus as US President Joe Biden promises tariff review MONDAY’S MARKET RECAP – SENTIMENT ON THE MEND, OR AT LEAST IT WAS […]

How to Control Greed When Trading

– Reviewed by James Stanley, Nov. 24, 2021 Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Greed can very easily turn good trades into bad ones and bad trades into […]

US Dollar Technical Forecast: DXY Snaps Six-Week Streak- USD Levels

US DOLLAR TECHNICAL PRICE OUTLOOK: DXY WEEKLY TRADE LEVELS US Dollartechnical trade level update – Weekly Chart USD weekly reversal snaps six-week rally – threat for deeper pullback within uptrend DXY support 103, 101.79 (key) – Resistance 104.88 (critical), 106.56, 108.09 The US Dollar Index snapped a six-week winning streak with DXY off more than 1.3% to trade at 103.85 ahead of the US close […]

Gold Price Rebound May Fail as Top Central Bankers Sound Off

GOLD (XAU/USD) WEEKLY OUTLOOK: BEARISH Gold prices ended a 4-week losing streak as recession worries multiply Markets translated growth fears into a cooler outlook for interest rates Hawkish tone from Fed, other top policymakers may reboot the selloff Gold prices snapped a four-week losing trend, managing to close on a high note after touching the lowest […]

S&P 500 a Whisker Away from Technical Bear Market, Nasdaq Lower

S&P 500, NASDAQ WEEKLY TECHNICAL FORECAST: BEARISH S&P 500 see-sawed to resume the bear trend, flirting with the 20% decline from the high IG client sentiment hints at bearish continuation as bulls attempt to call a bottom Nasdaq 100 approaches key decision point as it enters oversold territory on the weekly chart The S&P 500 see-sawed for […]

Crude Oil Forecast Relegated to Volatile Range Until Either 115 or 100 Breaks

US crude oil is not simply biding its time amid more active conditions in the broader financial system. The commodity continues to exhibit significant realized volatility and has played out 10 to 15 percent swings in one to two week clips. Yet a decisive trend remains allusive. US Oil Technical Forecast Talking Points: WTI crude’s generally bullish trend over […]

How to Research Stocks: A Step by Step Guide

Researching stocks involves incorporating multiple sources of information, deduction and strategies, all whilst markets are constantly transforming. Stock traders and investors need to know what information is useful to them as well as the most efficient and accurate way to go about stock research. This article will explore key aspects of researching stocks: How to get started A step […]

US Dollar Stumbles on Rising Recession Fears, AUD/USD Eyeing Chinese Loan Rate Data

US DOLLAR, DXY INDEX, TREASURY YIELDS, RECESSION FEARS, CHINESE LOAN PRIME RATES – ASIA PACIFIC MARKET OPEN US Dollar weakens as Treasury yields fall on rising recession woes Markets are slowly parring back 2023 Federal Reserve rate hike bets Ahead, AUD/USD is eyeing Chinese loan prime rates for next move THURSDAY’S MARKET RECAP – US DOLLAR WEAKENS WITH […]

Australian Dollar Steady After Jobs Data Amid Risk Off Sentiment. Will AUD/USD Rally?

AUSTRALIAN DOLLAR, AUD/USD, JOBS, UNEMPLOYMENT, RBA, USD – TALKING POINTS The Australian Dollar was steady after jobs data was largely inline Today’s data is against a backdrop of a strong domestic economic outlook The RBA are validated for raising rates. Will more hikes boost AUD/USD? The Australian Dollar held its ground after the April unemployment rate came in […]

S.African central bank eyes digital rand to cut cross-border payment costs

By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG (Reuters) – A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said. However, regulation of crypto assets is in the offing and might come into force within […]

USD/JPY Susceptible to Larger Correction as RSI Develops Downward Trend

JAPANESE YEN TALKING POINTS USD/JPY initiates a series of higher highs and lows after snapping the opening range for May, but recent developments in the Relative Strength Index (RSI) raises the scope for a larger pullback in the exchange rate as the momentum indicator develops a downward trend. USD/JPY SUSCEPTIBLE TO LARGER CORRECTION AS RSI DEVELOPS […]

Euro Technical Analysis: Mixed Messages from EUR/GBP, EUR/JPY, EUR/USD Rates

EURO OUTLOOK: EUR/JPY and EUR/USD rates continue to struggle in a meaningful manner, and technical indicators suggest that rallies should be sold. However, EUR/GBP rates are a more complicated story, with constructure price action still unfolding on the daily timeframe. Per the IG Client Sentiment Index, EUR/JPY and EUR/USD rates have a mixed bias while EUR/GBP rates have a bearish bias. ECB NEEDS TO MAKE A […]

Copper Trading: Copper Trading Tips and Strategies

COPPER TRADING: COPPER TRADING TIPS AND STRATEGIES Copper is a highly tradeable commodity. Copper is priced in US Dollars; so the price of the dollar affects the price of copper. Copper is gaining more traction as an investment option along with various other alternatives. As looked at in our primer for copper, copper prices tend to do well when emerging markets […]

US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/JPY

US DOLLAR TECHNICAL FORECAST: BULLISH The US Dollar gained for its sixth consecutive week and perhaps even more impressively, broke through the 19-year high without much of a pullback. I had looked for that pullback in the middle of last week but that didn’t work out and EUR/USD broke down to a fresh low. The analysis contained in article relies on price […]

USD/CAD Rally Fails to Push RSI into Overbought Territory

CANADIAN DOLLAR TALKING POINTS USD/CAD clears the 2021 high (1.2964) as it appreciates for seven consecutive weeks, but the rally in the exchange appears to be stalling as the Relative Strength Index (RSI) reverses ahead of overbought territory. TECHNICAL FORECAST FOR CANADIAN DOLLAR: NEUTRAL USD/CAD climbs to a fresh yearly high (1.3077) in May amid the weakness across commodity […]

S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

INDICES TECHNICAL FORECAST: NEUTRAL TO BULLISH The market posted a reversal week, but fear levels seem to still be too low Could see more upside in the near-term, but watch to see if momentum wanes S&P 500 TECHNICAL FORECAST The S&P 500 bounced hard to end last week. This put in a reversal candle for the week […]

Pound Sterling (GBP) Weekly Forecast: Stagflation and Article 16 Risks

POUND STERLING (GBP/USD) WEEKLY FUNDAMENTAL FORECAST: BEARISH UK Inflation headlines next week’s major risk events as growth outlook restricts the length and magnitude of the BoE’s rate hike path The Northern Ireland Protocol issue is back in the foreground following elections to the Northern Ireland Assembly and the EU’s latest proposal Advertisement Source: TradingView, prepared by Richard […]

EUR/USD Rate Eyes 2017 Low as Bear Flag Formation Unfolds

EUR/USD RATE TALKING POINTS EUR/USD trades to a fresh yearly low (1.0354) as a bear flag formation unfolds, and the oversold reading in the Relative Strength Index (RSI) is likely to accompany a further decline in the exchange rate as the bearish momentum appears to be gathering pace.   EUR/USD RATE EYES 2017 LOW AS BEAR […]

Canadian Dollar Technical Outlook: USD/CAD Rally Pushing Seven Weeks

CANADIAN DOLLAR TECHNICAL PRICE OUTLOOK: NEAR-TERM TRADE LEVELS Canadian Dollar updated technical trade levels – Daily & Intraday Charts USD/CAD rally rips into uptrend resistance- risk for near-term inflection Resistance 1.3125, 1.3230 (critical), 1.3370- Support 1.2952, 1.2880-1.29 (key), ~1.2815 The US Dollar surged more than 1.18% against the Canadian Dollar with USD/CAD attempting to mark a seventh consecutive weekly advance. The rally […]

Nikkei 225, ASX 200, Hang Seng Index Brace for Volatility After More Wall Street Rout

NIKKEI 225, ASX 200, HANG SENG INDEX, S&P 500, US CPI, TECHNICAL ANALYSIS – ASIA PACIFIC INDICES BRIEFING Hotter-than-expected US inflation data continues to pressure Wall Street Lackluster Asia-Pacific economic data docket places focus on risk trends Nikkei 225, ASX 200 and Hang Seng Index bracing for more volatility? WEDNESDAY’S WALL STREET TRADING SESSION RECAP Volatility on Wall […]

Nasdaq 100, S&P 500, Dow Crumble as US Inflation Comes Hotter Than Expected

US STOCKS OUTLOOK: S&P 500, Nasdaq 100 and Dow Jones sink after U.S. inflation data tops estimates Elevated price pressures in the economy may prompt the Fed to continue front-loading interest rate hikes in its coming monetary policy meetings With market sentiment deteriorating every day, risk assets will struggle to stage a meaningful rebound in the near term Most Read: US Dollar Price Action Setups – […]

USD/CAD Rally Fails to Push RSI into Overbought Territory

CANADIAN DOLLAR TALKING POINTS USD/CAD clears the 2021 high (1.2964) as it appreciates for seven consecutive weeks, but the rally in the exchange appears to be stalling as the Relative Strength Index (RSI) reverses ahead of overbought territory. TECHNICAL FORECAST FOR CANADIAN DOLLAR: NEUTRAL USD/CAD climbs to a fresh yearly high (1.3077) in May amid the weakness across commodity […]

S&P 500, Dow Jones Forecast: Stock Market Volatility Ahead as Retail Traders Buy?

S&P 500, DOW JONES, TECHNICAL ANALYSIS, RETAIL TRADER POSITIONING – TALKING POINTS Retail investors have been buying into recent losses on Wall Street This warns that the S&P 500 and Dow Jones could continue falling Check out this week’s webinar recording for a deeper dive into this Despite recent volatility on Wall Street, retail traders appear to be […]

Chinese Yuan Forecast: USD/CNH Eyes Chinese CPI Data Ahead of US Inflation

CHINESE YUAN, USD/CNH, CPI, MARKET SENTIMENT, COMMODITIES – TALKING POINTS APAC market rebound may be on the table after US session Chinese CPI data may influence Dollar-Yuan exchange rate USD/CNH technical setup may indicate upside exhaustion WEDNESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets may rebound today after selling eased overnight in US markets. The high-beta Nasdaq 100 Index (NDX) gained […]

Dow Jones Crumbles on Wall Street. ASX 200 and Hang Seng Index Risk Following Lower

DOW JONES, ASX 200, HANG SENG, RISK AVERSION, TECHNICAL ANALYSIS – ASIA PACIFIC INDICES BRIEFING Volatility roiled Wall Street to start new week as Dow Jones sank Worst weekly consecutive losses since 2002 could be in the cards ASX 200 and Hang Seng Index appear vulnerable for APAC trade TUESDAY’S WALL STREET TRADING SESSION RECAP Market volatility roiled […]

British Pound Technical Forecast: GBP/USD Looks for Mercy at Support

BRITISH POUND TECHNICAL PRICE OUTLOOK: GBP/USD WEEKLY TRADE LEVELS Sterling technical trade level update – Weekly Chart GBP/USD Three-week plunge approaching longer-term uptrend support- exhaustion threat Weekly resistance 1.2498, 1.1.2754(key) 1.30 – Support 1.2252, 1.2466(critical),1.1950-1.2021 The British Pound has been in free-fall against the US Dollar for three weeks with GBP/USD now down more than 9% year-to-date. The sell-off is now approaching areas […]

US Dollar Technical Outlook: USD/SGD, USD/PHP, USD/THB, USD/IDR Uptrends in Focus

US DOLLAR, USD/SGD, USD/PHP, USD/THB, USD/IDR – ASEAN TECHNICAL ANALYSIS US Dollar may remain on the offensive against ASEAN currencies However, the greenback’s upside momentum has been slowing of late Watch key resistance levels in USD/SGD, USD/PHP and USD/THB SINGAPORE DOLLAR TECHNICAL OUTLOOK – SLIGHTLY BULLISH The US Dollar has been making steady upside progress against the Singapore […]

AUD/USD Eyes Chinese Trade Balance as Zero-Covid Strategy Continues

AUSTRALIAN DOLLAR, AUD/USD, CHINA TRADE BALANCE, CPI, SENTIMENT – TALKING POINTS China’s April trade balance may set the tone for sentiment in APAC trading CPI inflation data out of China and the United States is in focus this week AUD/USD may test the May low after bulls struggled to maintain gains MONDAY’S ASIA-PACIFIC FORECAST: A wave […]

S&P 500 and FTSE 100 Forecasts for the Week Ahead

S&P 500, FTSE 100, DAX 40 Analysis and News S&P 500 | Bear Market Rally FTSE 100 |Stagflation Risks S&P 500 | BEAR MARKET RALLY Little respite for US equities as moves higher are quickly sold into. While markets saw a brief period of hope as Chair Powell firmly pushed back against a 75bps rate hike, this failed to prompt […]

Crude Oil Rises as Talks Around Russian Oil Embargo Trumps Dollar Rally

BRENT CRUDE OIL (LCOC1) ANALYSIS EU Russian oil ban takes center stage. Chinese slowdown impacting oil demand. Symmetrical triangle break could lead to higher oil prices. CRUDE OIL FUNDAMENTAL FORECAST: BULLISH Brent crude prices climbed on Friday despite the NFP beat (dollar strength) dampening initial upside. Elevated crude oil prices stem from increasingly determined talks by the EU to ban Russian oil imports […]

British Pound Forecast – Sterling Has a Shocking Week

BRITISH POUND, GBP/USD – PRICES, CHARTS, AND ANALYSIS BoE warns of a ‘sharp economic slowdown’. UK inflation to hit 10%+ in Q3. Sterling hits multi-year lows. The Bank of England (BoE) hiked interest rates by 0.25% to 1% on Thursday, in line with market expectations, but warned that inflation may hit double-digits in Q3 and […]

Australian Dollar Outlook: RBA Action Does Little to Boost AUD

AUTRALIAN DOLLAR FORECAST: NEUTRAL The Australian Dollar has been pummelled in a frantic week of hikes First the RBA, then the Fed tightened policy by more to underpin USD Despite a sound fundamental backdrop AUD remains under pressure The Australian Dollar whipsawed over the week after rate decisions from the RBA and the Federal Reserve ricocheted through markets. AUD/USD saw […]

Dow, S&P 500, Nasdaq 100 in Free-Fall as Traders Capitulate, NFP Eyed for Direction

US STOCKS OUTLOOK: The S&P 500, Nasdaq 100 and Dow all suffered steep losses on Thursday, erasing all of the previous session’s gains Rising U.S. Treasury yields and fears of stagflation appear to be partly responsible for the brutal sell-off on Wall Street Friday’s non-farm payroll data may become the next big catalyst for the market Most Read: S&P 500, Nasdaq […]

S&P 500, Nasdaq Slammed, Yields Shoot to Highs the Day After the Fed

S&P 500, NASDAQ 100 TALKING POINTS: Yesterday saw a strong relief rally develop for stocks. Today, that rally has been eviscerated as stocks have returned to the lows. At the source of the move has been a strong jump in Treasury yields with the 10-year now approaching a decade high at 3.25%. I wrote about […]

Crude Oil Prices May Rise if Bulls Break April High After Tailwinds Strengthen

CRUDE OIL, WTI, EU SANCTIONS, DIESEL PRICES – TALKING POINTS A proposed EU ban on Russian oil exports is strengthening crude oil’s tailwinds Diesel fuel prices surging amid sinking inventory levels may drive inflation higher WTI Prices battle the April high at 109.5 amid a bullish technical backdrop Oil prices are continuing to track higher following a move […]

EUR/USD Breaks Out of Narrow Range to Pull RSI Out of Oversold Zone

EUR/USD RATE TALKING POINTS EUR/USD initiates a series of higher highs and lows as the Federal Reserve endorses a preset course for monetary policy, and the exchange rate may stage a larger recovery over the coming days as it breaks out of a narrow range. EUR/USD BREAKS OUT OF NARROW RANGE TO PULL RSI OUT OF OVERSOLD ZONE […]

Dollar Up, Investors Await Fed Policy Decision

By Gina Lee Investing.com – The dollar was up on Wednesday morning in Asia, but moves were small as investors await the latest U.S. Federal Reserve policy decision. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 103.28 by 12:44 AM ET (4:45 AM GMT). The USD/JPY pair inched up 0.02% […]

Dollar Down, Fed Begins Two-Day Policy Decision Meeting

By Gina Lee Investing.com – The dollar was down on Tuesday morning in Asia, with the Fed widely expected to further tighten its monetary policy as it begins its two-day meeting. The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.29% to 103.23 by 2:04 AM ET (6:04 AM GMT). […]

Dollar Rises on Fed Anticipation, Euro Pressured Ahead of Key Energy Meeting

By Geoffrey Smith Investing.com — The dollar was higher in early trade in Europe on Monday, riding another wave of risk aversion as fresh economic data testified to a sharp economic slowdown in China. By 3:10 AM ET (0710 GMT), the dollar index was up 0.4% at 103.41, within half a percent of the 20-year high that it […]

S&P 500 And FTSE 100 Forecasts For The Week Ahead

S&P 500, FTSE 100, DAX 40 ANALYSIS AND NEWS S&P 500 | All Eyes on Powell FTSE 100 |BoE Vote Split and Asset Sales Details In Focus S&P 500 | ALL EYES ON POWELL The S&P 500 is on course to close its worst monthly performance since the Q1 2020 Covid Crash, down 6%. As we highlighted in […]

Euro Forecast: EUR/USD Selloff Stalls Ahead of Fed Rate Decision

EURO TALKING POINTS EUR/USD bounces back from a fresh yearly low (1.0471) after depreciating for six consecutive days, but the Federal Reserve interest rate decision is likely to sway the exchange rate as the central bank is widely expected to normalize monetary policy at a faster pace. FUNDAMENTAL FORECAST FOR EURO: NEUTRAL EUR/USD appears to be reversing […]

Australian Dollar Forecast: Will the RBA Hike? If So, AUD/USD Still Faces Roadblocks

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL Australian Dollar still disappoints against US Dollar despite hot CPI A hawkish Reserve Bank of Australia could offer AUD/USD a nice push However, Fed 50-basis point hike may sour sentiment, denting Aussie The Australian Dollar wrapped up its worst month against the US Dollar since November 2021, having just seen strong performance in February and […]

USD/JPY Rally Pushes RSI Back into Overbought Territory

JAPANESE YEN TALKING POINTS USD/JPY appears to be on track to test the April 2002 high (133.82) as the Bank of Japan (BoJ) remains reluctant to move away from its easing cycle, and the exchange rate may continue to appreciate over the coming days as the recent rally pushes the Relative Strength Index (RSI) back into overbought territory. USD/JPY RALLY […]

Crude Oil Price Forecast: Going Nowhere Fast – What’s Next?

CRUDE OIL OUTLOOK: Crude oil prices have swung higher after testing former triangle resistance-turned-support, but remain within the wide range carved out over the past two months. There’s little reason to think that continued volatility within the recent range will die down, unless the Russian invasion of Ukraine ends. According to the IG Client Sentiment Index, crude oil […]

Euro Technical Forecast: EUR/USD Eyeing 2017 Bottom After Clearing 2020 Low

EURO, EUR/USD, IGCS – TECHNICAL OUTLOOK Euro is aiming for the worst weekly performance since late February EUR/USD cleared the 2020 low, which exposed the bottom from 2017 Retail trader positioning data is further underscoring a downside bias EURO TECHNICAL ANALYSIS The Euro is aiming for the worst week against the US Dollar since late February, which was when […]

Crude Oil Price Reversal Emerges Ahead of April Low

CRUDE OIL PRICE TALKING POINTS The price of oil consolidates after clearing the opening range for April, but crude appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week.   CRUDE OIL PRICE REVERSAL EMERGES AHEAD OF APRIL LOW The price of oil attempts […]

Gold Price Forecast: Bearish Momentum Accelerating – Levels for XAU/USD

GOLD PRICE OUTLOOK: Gold prices continue to erode, and a combination of technical patterns and indicators suggest more weakness is ahead. Long-end US real rates continue to flirt with a move into positive territory, which have historically been correlated with weaker returns for gold prices. According to the IG Client Sentiment Index, gold prices hold a bearish […]

Euro Technical Forecast: EUR/USD Slams into Support at 2020 Lows

EURO TECHNICAL PRICE OUTLOOK: EUR/USD WEEKLY TRADE LEVELS Euro updated technical trade levels & sentiment – Weekly Chart EUR/USD plunges into downtrend support at multi-year lows– risk for price inflection Weekly support 1.637/56(critical), 1.0532, 1.0449; resistance 1.0831, 1.0936, 1.1103(key) Euro plummeted more than 7.4% off the yearly highs against the US Dollar with the EUR/USD breakdown plunging into support at the 2020 […]

S&P 500 Stages Strong Comeback, ASX 200 Risks Being Left Behind on Chinese Lockdowns

S&P 500, ASX 200, FED, EARNINGS, CHINESE LOCKDOWNS, TECHNICAL ANALYSIS – ASIA PACIFIC INDICES BRIEFING S&P 500 rallies to reverse losses during late-Monday trading session Treasury yields cooled, focus may have been on mostly rosy earnings ASX 200 reversal risks accelerating amid Chinese Covid lockdowns MONDAY’S WALL STREET TRADING SESSION RECAP Market sentiment recovered towards the end […]

USD/CNH Price Forecast: Beijing Lockdowns Pressure Yuan as PBOC Monitors

CHINESE YUAN, USD/CNH, BEIJING, COVID, PBOC, JAPAN UNEMPLOYMENT – TALKING POINTS Chinese stocks in focus as Beijing’s Covid lockdown extends across the city Further PBOC action is likely to come if the Yuan continues to plummet vs USD USD/CNH oscillators suggest that prices may be vulnerable to a pullback TUESDAY’S ASIA-PACIFIC OUTLOOK Asia-pacific markets look set for […]

Markets Week Ahead: Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, US GDP

The Dow Jones Industrial Average (DJIA) dropped for a fourth consecutive week, sliding nearly 2% as risk-sentiment deteriorated sharply into the weekend. The trigger appeared to be a tangible increase in the Fed’s rhetoric to considerably ramp up policy tightening in the face of surging inflation that threatens to derail the economic recovery. Rate traders responded by […]

Weekly Fundamental US Dollar Forecast: Up, Up, and Away

FUNDAMENTAL FORECAST FOR THE US DOLLAR: NEUTRAL Widening interest rate differentials continue to favor US Dollar strength, particularly against the Euro and the Japanese Yen. Incoming US economic data is likely to paint a less rosy picture, however, as record high inflation saps confidence and diminishes spending power. According to the IG Client Sentiment Index, the US Dollar has a bullish bias heading into […]

France’s Macron beats Le Pen to win second term

By Saikat Chatterjee LONDON (Reuters) -Following is market reaction to French President Emmanuel Macron’s victory over rival Marine Le Pen in Sunday’s election. With 97% of votes counted, Macron was on course for 57.4% of the vote, interior ministry figures showed Market reaction: The euro opened higher on Monday at $1.0852 compared with Friday’s close […]

Dollar firms on safety flows, euro looks past Macron’s victory

By Alun John HONG KONG (Reuters) – The dollar climbed on Monday as investors sought safety due to uncertainties over the global growth outlook, gaining ground even on the euro despite French President Emmanuel Macron’s comfortable election victory over far-right rival Marine Le Pen. The dollar index rose 0.2% to 101.3 testing last week’s two-year peak of […]

Japan’s finance ministry official denies report Japan, U.S. discussed joint FX intervention

TOKYO (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to stem further yen falls at a bilateral finance leaders’ meeting. Broadcaster TBS on Friday said Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen discussed the idea of […]

British Pound Forecast: GBP/USD at Risk of Further Losses as the UK Economy Weakens

GBP/USD WEEKLY FORECAST: BEARISH The British Pound posts heavy losses against the U.S. dollar during the week, falling to its weakest level since September 2020 Cooling economic activity in the United Kingdom and soaring yields in the US are likely to weigh on GBP/USD in the near term Technical signals are also bearish for Cable Most read: US Dollar Quickly Claws Back to […]

Negative-Yielding Euro-Area Debt Becomes History as ECB Pivots

(Bloomberg) — All benchmark bonds in the euro area are yielding more than zero for the first time since 2014 as investors brace for the end of ultra-accommodative policy in the region. The rate on government debt maturing in at least two years is positive across the entire currency bloc, with short-end yields driven higher by […]

Dollar Edges Higher; Powell Adds to Sharp Rate Hike Expectations

Investing.com – The U.S. dollar edged higher in early European trade Friday, boosted by rising U.S. bond yields as Fed chief Jerome Powell added to expectations for aggressive Federal Reserve monetary tightening. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at […]

Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering

By Gina Lee Investing.com – The dollar was up on Thursday morning in Asia over expectations that U.S. Federal Reserve will tighten its monetary policy more aggressively. However, the greenback was far off the previous day’s high as investors await what a gathering of finance ministers might say about the currency’s rapid appreciation. The U.S. Dollar […]

What is Leverage in Forex? Forex Leverage Explained

– Reviewed by James Stanley, Nov. 24, 2021 Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Traders of all levels should have a solid grasp of what forex leverage […]

AUD/USD Eyes RBA Meeting Minutes to Counter US Dollar Strength

AUSTRALIAN DOLLAR, AUD/USD, RBA MINUTES, BRENT OIL, GOLD – TALKING POINTS Australian Dollar in focus today ahead of the RBA meeting minutes Brent crude oil prices fall amid oil field shutdowns in Eastern Libya AUD/USD falls to the 61.8% Fibonacci retracement, 50-day SMA levels RECOMMENDED BY THOMAS WESTWATER Top Trading Lessons Get My Guide TUESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific stocks are looking […]

How to Short Sell a Stock When Trading Falling Markets

– Reviewed by Daniel Dubrovsky, Jan. 27, 2021 Shorting a stock involves selling a borrowed stock in the anticipation of buying the same stock back at a lower future price and pocketing the difference. Short selling is a normal part of an active trader’s plan as it presents traders with the ability to benefit from an […]

Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Euro, Crude Oil, Bitcoin, Inflation

US DOLLAR WEEKLY PERFORMANCE AGAINST CURRENCIES AND GOLD   Market sentiment soured last week amid Easter-thinned holiday trading. US equity markets were hit hard, pushing the Nasdaq-100 Index (NDX) and Dow Jones Industrial Average (DJIA) deep into the red for the second week of losses. Treasury traders hit the sell button into the weekend in New York, pushing […]

Nepal seeks overseas nationals’ help to build up forex reserves amid economic woes

By Gopal Sharma KATHMANDU (Reuters) – Nepal is asking citizens living abroad to deposit funds in domestic banks as part of efforts to ensure the financial system has enough liquidity and to preserve foreign exchange reserves, finance minister Janardan Sharma said on Saturday. Speaking to Reuters, he denied Nepal was facing an economic crisis despite […]

Euro Outlook Weakens Further, EUR/USD Support Levels Breaking Down

EUR/USD WEEKLY PRICE CHART – APRIL 14, 2022 EUR/USD PRICE, CHART, AND ANALYSIS Euro given no support by latest ECB policy announcement. EUR/USD pushing ever lower. The latest European Central Bank (ECB) monetary policy decision has given Euro bears a fresh lease of life with the central bank offering little in the way of support to […]

Bitcoin Price Forecast Q2 2022: Still Not Immune from Market Risk

Q1 hasn’t been easy for investors. In fact, the stock market had one of its worst starts to a year in history, rivaled by the GFC and great depression. Of course, Bitcoin as a high beta asset hasn’t been immune to the drop in stocks, falling over 13% (at the time of writing) from three months ago. […]

Australian Dollar Outlook: AUD Undermined by USD as Fed Hikes All Priced In

AUSTRALIAN DOLLAR FORECAST: NEUTRAL/BULLISH The Australian Dollar has steadied going into the long weekend A hawkish Fed has multiple rate hikes coming while RBA sidelined US Dollar looks to steering AUD/USD for now The Australian Dollar was caught in crosshairs of external factors through the week just passed. Between the US Dollar gyrations and commodity market volatility, the Aussie went […]

Dollar Down, Below 100-Mark as U.S. Yields Ease

By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, after falling overnight against the pound and the euro in particular. U.S. yields hit pause on their recent rally, offering some relief to the Japanese yen. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.18% […]

Gold Price Forecast: XAUUSD pressuring the bears near daily resistance ahead of ECB

Gold Price is creeping higher on a softer dollar ahead of the ECB. US inflation data revealed on Wednesday and Thursday weighed on the greenback, as traders’ best hedge against inflation is Gold Geopolitical tensions also remain elevated and the prospects of Russo-Ukraine peace poor, underpinning XAUUSD.    Gold Price (XAUUSD) is attempting to climb and […]

How Central Banks Impact the Forex Market

THE ROLE OF CENTRAL BANKS IN THE FOREX MARKET Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line with the defined “Monetary Policy Framework”. The […]

S&P 500 and Nasdaq 100 Snap Back to Life Following US CPI Report

NASDAQ 100, S&P 500, US CPI, INFLATION, JP MORGAN – TALKING POINTS Core CPI comes in soft, 0.3% MoM and 6.5% YoY Nasdaq gains more than 1%, trades back through 14200 S&P 500 trades back to 4440 area ahead of bank earnings RECOMMENDED BY BRENDAN FAGAN Get Your Free Equities Forecast Get My Guide Equities received a […]

Long Energy Stocks: Top Trade Opportunities

ENERGY STOCKS ON THE MOVE While energies are on a tear lately, their impact on the S&P 500 is limited. Under 5% of the index is comprised of stocks in this sector. This also means many portfolios will be underrepresented this sector. Twenty-one stocks are in this sector. Here are a few observations. The best 1-year performance […]

How to Read a Candlestick Chart

– Reviewed by James Stanley, Dec. 15, 2021 READING CANDLESTICK CHARTS – TALKING POINTS: Candlestick charts differ greatly from the traditional bar chart Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception of price It’s important to understand the key components of a candle, and what they indicate, to apply candlestick […]

Markets Week Ahead: Dow Jones, USD, Euro, Canadian Dollar, CPI, ECB, BoC, French Election

Global market sentiment turned pessimistic this past week, particularly in growth-sensitive equities. On Wall Street, Dow Jones and S&P 500 futures fell 0.23% and 1.19% respectively. Meanwhile, the tech-heavy Nasdaq 100 declined 3.54%. Risk aversion also hit Europe, in the German DAX 40 falling 1.13%. In the Asia-Pacific region, the Nikkei 225 sank 2.46% A hawkish Federal Reserve continues to be in the focus […]

Australian Dollar Forecast: AUD/USD Eyes China CPI Ahead of Event-Heavy Week

AUSTRALIAN DOLLAR, AUD/USD, CHINA, INFLATION, COVID, TECHNICAL OUTLOOK – TALKING POINTS The Australian Dollar in focus as markets prepare for a busy week of economic events Chinese inflation and factory-gate prices to cross the wires today as PBOC move looms AUD/USD is trading at its 20-day Simple Moving Average (SMA) after prices fell last week RECOMMENDED BY THOMAS […]

S&P 500 Forecast: Rising US Consumer Prices to Drag on Risk Appetite

S&P 500 TALKING POINTS The S&P 500 index attempts to retrace the decline from the start of the month even as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace, but fresh data prints coming out of the US may drag on equity prices as the Consumer Price Index (CPI) is […]

Crude Oil Fundamental Forecast: US-IEA Release, Shanghai Woes to Weigh as Inventories Rise

WTI CRUDE OIL FORECAST: BEARISH Chinese Covid woes, IEA coordinated release news dragged oil prices lower for a second week Traders to key in on US inventory and production levels after bearish EIA weekly status update Volatility to continue as traders gauge demand prospects amid faster central bank tightening RECOMMENDED BY THOMAS WESTWATER Top Trading Lessons Get […]

Russia calls for integrating BRICS payment systems

(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday. Sanctions have cut Russia off from the global financial system and from nearly half of its gold and foreign exchange reserves, which […]

EURUSD trades to a new week low as sellers exert more pressure to the downside run

The EURUSD is working on the 7th day lower EURUSD is lower for 7 consecutive days The  EURUSD EUR/USDThe EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symb…Read this Term is working on its 7th down day in a row. Now there has been ups and downs – especially on Wednesday and Thursday […]

Dollar Edges Higher; Climbs to a New Two-Year High

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Friday, trading at a two-year high and underpinned by the likelihood of sharp rises in interest rates by the Federal Reserve. At 4:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded […]

Dollar Down, but Near Two Year High as Fed’s Hawkish Stance Caps Losses

By Gina Lee Investing.com – The dollar was hovering near a two-year high on Thursday after the U.S. Federal Reserve maintained its hawkish stance in its latest latest meeting minutes. The U.S. Dollar Index that tracks the greenback against a basket of other currencies was at 99.605 by 11:59 PM ET (3:59 AM GMT). The index hit its […]

Dollar Drops From Two-Year High; Euro Bounces Off New Lows

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, but still remained close to a two-year high after minutes from the last Federal Reserve meeting showed policymakers were preparing to move aggressively to head off inflation. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against […]

Dollar Surges on Aggressive Fed Expectations; Euro Slips

By Peter Nurse Investing.com – The U.S. dollar strengthened Wednesday on raised expectations of aggressive monetary policy tightening by the Federal Reserve, while the euro was weighed by the prospect of additional sanctions on Russia. At 3 AM ET (0700 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded […]

Dollar Up, Near Two-Year High as Fed Maintains Hawkish Tone

By Gina Lee Investing.com – The dollar was up on Wednesday morning in Asia, slowly heading towards its highest level in nearly two years. The U.S currency jumped overnight over hawkish comments from U.S. Federal Reserve policymakers, while the euro was down as the West mulls further sanctions on Russia. The U.S. Dollar Index that tracks the greenback […]

Dollar Edges Lower Ahead of Fed Minutes; Aussie Dollar Soars

By Peter Nurse Investing.com – The U.S. dollar traded in a tight range Tuesday, while the euro edged lower on talk of additional sanctions on Russia and the Australian dollar received a boost from a hawkish central bank. At 3:00 AM ET (0700 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

Dollar Stabilizes; Euro Falls as Russia Sanctions Talk Ramps Up

By Peter Nurse Investing.com – The U.S. dollar stabilized Monday after last week’s strong jobs report, while the euro weakened as talk of additional sanctions on Russia for its invasion of Ukraine ramped up. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally […]

Euro Lower on Prospect of More Sanctions on Russia

By Gina Lee Investing.com – The dollar started the week on a firm foot as U.S. Treasury yields rose over expectations that the U.S. will further tighten its monetary policy. On the other hand, potential bans on Russian gas kept the euro within sight of its 2022 lows. The U.S. Dollar Index that tracks the greenback against […]

JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?

JAPANESE YEN FIRST QUARTER RECAP The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed. Stocks and bond yields rising in tandem can make it difficult for the Japanese currency to […]

China central bank expands digital yuan pilot scheme to more cities

SHANGHAI (Reuters) – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year. The People’s Bank of China (PBOC) said it will promote the research and development […]

Ukraine’s gold and forex reserves stand at $29 billion, says official

(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on national television on Saturday. “Before the war it was $29 billion, then it dropped to $27.5 billion, then there was a currency injection […]

White House says rouble is being artificially propped up by the Russian central bank

WASHINGTON (Reuters) – The White House is seeing an “artificial propping up of the rouble” by the Russian central bank and by the Russian government, communications director Kate Bedingfield said on Thursday.   “They are taking artificial measures to keep the rouble propped up,” she said. Earlier in the day, Russian President Vladimir Putin demanded […]

Dollar Edges Lower Ahead of Employment Data; Euro Gains

By Peter Nurse Investing.com – The U.S. dollar edged lower Thursday ahead of key employment data, while the euro held at a one-month high against the greenback on hopes the Ukraine/Russia conflict is heading towards a de-escalation phase. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

Dollar Lower, Euro Gains on Peace Talks; Yen Rebounds

By Peter Nurse Investing.com – The U.S. dollar weakened Wednesday as signs of progress in the peace talks between Ukraine and Russia boosted risk sentiment to the detriment of this safe haven and the benefit of the euro, while the Japanese yen recovered on fears of official intervention. At 3:55 AM ET (0755 GMT), the Dollar […]

Euro rises vs dollar as eurozone inflation fans rate hike expectations

By John McCrank NEW YORK (Reuters) – The dollar dropped to a nearly two-week low on Wednesday as optimism over peace talks between Russia and Ukraine faded and investors’ attention shifted to economic data and interest rate expectations. The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57% at […]

Dollar Edges Lower; Yen Tries to Recover From Hefty Selling

By Peter Nurse Investing.com – The U.S. dollar edged lower Tuesday while the Japanese yen recovered a little from heavy selling as the Bank of Japan continued its dovish monetary policy stance. At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower […]

Dollar Up, Yen Down as BOJ Continues Dovish Stance

By Gina Lee Investing.com – The dollar was up on Monday morning in Asia. The Japanese yen continued a downward trend after the Bank of Japan (BOJ) stepped into the market to defend its implicit yield cap. Bitcoin climbed to nearly its highest level in the year to date. The U.S. Dollar Index Futures that tracks the greenback against a basket […]

Taiwan sees Ukraine war helping Chinese yuan’s internationalisation

TAIPEI (Reuters) – The war in Ukraine and Russia’s effective exclusion from the global currency system could be an opportunity for China to raise the profile of its currency in a challenge to the U.S. dollar, a senior Taiwanese security official said on Monday. Russia has said it is counting on China to help it […]

Mounting Fed Bets, War Uncertainty Put Spotlight on Battered Yen

(Bloomberg) — Traders primed for more turbulence will potentially look toward the yen when foreign-exchange market action kicks off in the Asia-Pacific on Monday amid ongoing uncertainty around the Russia-Ukraine war and the path of global central bank policies. The Japanese currency has proved less reliable as a go-to global haven during the recent crisis, […]

Swiss National Bank’s Jordan: euro-franc parity not economically important

ZURICH (Reuters) -The Swiss National Bank believes the Swiss franc’s rise above parity versus the euro is unlikely to have a significant impact economically, Chairman Thomas Jordan said in an interview broadcast on Saturday. The Swiss currency has surged as investors have sought safe-haven assets during the Ukraine war. It rose above 1 franc to […]

Dollar Lower, Yen Gains; Central Bank Actions in Focus

By Peter Nurse Investing.com – The U.S. dollar edged lower Friday, with the much-battered Japanese yen seeing some respite, at the end of a week which has seen rising expectations of a faster Federal Reserve tightening cycle. At 4:15 AM ET (0815 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

Nigeria to offer naira incentives to exporters to repatriate dollars

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria will offer a naira incentive to exporters of semi-processed or finished goods made at home in a push to shore up the country’s dollar supply, the central bank said. Nigeria is facing chronic dollar shortages while rising demand has put pressure on the naira, as providers of foreign […]

Dollar falls as investors see Fed minutes as less hawkish than feared

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index was down on Wednesday, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested policymakers are not set on a particular pace of interest rate hikes. According to the January meeting minutes released on Wednesday, Fed officials last month agreed […]

Dollar rises from two-week low after U.S. jobs surprise

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar advanced from two-week lows on Friday after data showed the world’s largest economy created far more jobs than expected, raising the chances of a larger Federal Reserve interest rate increase at the March policy meeting. The dollar index, a gauge of its value against six major […]

Dollar Drifts Higher as Monday Rebound Fails to Convince; Fed, German Ifo Eyed

Investing.com — The dollar pushed higher in early dealings on Tuesday, as the violent snap back in U.S. stocks in the second half of Monday’s trading failed to convince global markets that the recent volatility has run its course. Risk aversion was in evidence across equity and commodity markets in Asia and Europe, nudging the dollar index back […]

Dollar Lower as Longs Head For The Exit

Investing.com – The U.S. dollar weakened in early European trade Friday, heading for its worst week in more than a year as traders now consider Federal Reserve interest rates hikes this year as being fully priced in. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

Dollar Down, but Gains Against Yen, as Investors Await Latest U.S. Jobs Report

Investing.com – The dollar was down on Friday morning in Asia but set for a fifth consecutive weekly gain on the Japanese yen. This rally could be extended if the latest U.S. jobs report justifies early Federal Reserve interest rate hikes. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down […]

Mexico’s Central Bank Will Launch Digital Currency by 2024

(Bloomberg) — Mexico’s central bank will have its own digital currency in circulation by 2024 as part of efforts to boost financial inclusion. “These new technologies and next-generation payment infrastructure are extremely important,” the federal government posted late Wednesday on its Twitter (NYSE:TWTR) account, confirming the bank’s plan. Central banks around the world are developing […]

Russian rouble falls past 74 vs dollar with central bank meetings in focus

By Alexander Marrow and Andrey Ostroukh MOSCOW (Reuters) – The Russian rouble drifted lower on Wednesday, slipping past 74 versus the dollar for the first time in a week as investors focused on central bank meetings this week, including the U.S. Federal Reserve and the Bank of Russia. By 1722 GMT, the rouble was 0.7% […]

Turkish Lira Heads Lower After Erdogan Fires Finance Minister

(Bloomberg) — Turkey’s lira weakened following news that the country’s finance minister had been fired, although it remained within the range that it had traded at over the previous day. The currency was around 13.34 per dollar in early Asian trading Thursday, down 0.7% from the New York close. It weakened to 13.356 late in […]

Dollar’s Dazzling Run to Come Unstuck Next Year as Growth Outside U.S. Rebounds

By Yasin Ebrahim Investing.com – The dollar hit its highest level this year earlier this week, riding on the coattails of hawkish Federal Reserve commentary, and a plunge in the euro, but the greenback’s rally may peter out next year as growth outside the U.S. resumes. As the Fed looks set to tighten monetary policy […]

GBP Bulls Profit as Traders Price in a Rate Hike Following CPI Data

By Sam Boughedda Investing.com — The GBP/USD is approaching 1.35 on Wednesday, rising just under half a percent following Consumer Price Index (CPI) data that beat estimates. The U.K. CPI increased by 4.2% year over year in October, above the expected 3.9%. Meanwhile, monthly CPI came in at 1.1%, again above the 0.8% predicted for October.  September’s 12-month […]

Dollar Drifts Ahead of Fed Meeting; Australian Dollar Slumps

By Peter Nurse Investing.com – The dollar stabilized in early European trading Tuesday ahead of the start of the latest Federal Reserve meeting, while the Australian dollar weakened sharply after the country’s central bank tightened monetary policy less than many had expected. At 3 AM ET (0800 GMT), the Dollar Index, which tracks the greenback […]

Dollar holds losses to euro after ECB comments, economic data

By David Henry NEW YORK (Reuters) – The dollar held losses to the euro and British pound late on Thursday as currency traders digested moves in interest rate markets, comments by the European Central Bank President Christine Lagarde and a weaker-than-expected U.S. economic report. The euro rose nearly 0.7% against the dollar and was headed […]

Dollar Edges Down From 13-Month High Ahead of CPI Data

By Geoffrey Smith Investing.com — The dollar weakened in early trade in Europe on Wednesday as markets regained their appetite for risk a little ahead of key inflation data later in the session. By 3 AM ET (0700 GMT), the dollar index that measures the greenback against a basket of advanced economy currencies was down 0.2% at 94.362, […]

Dollar Up, but Falls Below Year High as Investors Await U.S. Jobs Data

By Gina Lee Investing.com – The dollar was up on Tuesday morning in Asia, but fell below a one-year high as investors await the latest U.S. jobs report for clues on the U.S. Federal Reserve’s timing to begin asset tapering and hiking interest rates. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged […]

Dollar Down, but Near One-Year High as Fed Preps for Asset Tapering

By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, but was near a one-year high as the U.S. Federal Reserve prepares to begin asset tapering in November 2021. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 94.287 by 11:38 PM ET (3:38 […]

Canadian dollar clings to weekly gain as China injects liquidity

TORONTO (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Friday as the central bank of top commodity consumer China moved to calm markets, while Canada’s 10-year yield climbed to a five-week high. Copper prices rose after the People’s Bank of China infused liquidity to ease nerves caused by property giant China […]

Dollar Up but Near One-Month Low Over Fed Tapering Expectations Delay

By Gina Lee Investing.com – The dollar was up on Monday morning in Asia, but remained near a one-month low after investors postponed expectations of when the U.S. Federal Reserve will begin asset tapering. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.14% to 92.165 by 10:51 PM ET (2:51 AM […]

Dollar falls to more than 3-week low with payrolls in focus

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell to its lowest level in more than three-weeks against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week for insight into the possible path of U.S. Federal Reserve monetary policy. The greenback has struggled since Federal Reserve Chair […]

Dollar Gains on Risk Aversion; Kiwi Dollar Slumps on Covid Case

By Peter Nurse Investing.com – The dollar traded higher in Europe Tuesday, with the global safe haven receiving a boost from concerns of a Covid-induced global economic slowdown as well as escalating political turmoil in Afghanistan.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

Dollar Weakens Ahead of Key Payrolls Data

By Peter Nurse Investing.com – The dollar edged lower Monday, just above a one-month low, in tight trading ranges ahead of the release of key U.S. employment data later in the week which could influence Federal Reserve policy. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of […]

Chinese yuan bears return after regulatory crackdown on private sector: Reuters poll

By Anushka Trivedi (Reuters) – Investors turned bearish on the yuan for the first time since April as China’s regulatory crackdown on private sector firms sent jitters through markets, while sentiment towards the Indian rupee improved from a fortnight ago, a Reuters poll found. Short positions were raised on all other Asian currencies like the […]

Dollar Stabilizes After Dovish Powell Testimony

By Peter Nurse Investing.com – The dollar traded largely unchanged in Europe early Thursday, stabilizing after Wednesday’s weakness following Fed chair Jerome Powell insistence that it was too soon to withdraw the central bank’s hefty monetary support for the economy. At 2 AM ET (0600 GMT), the Dollar Index, which tracks the greenback against a basket of […]

Dollar Slips Back Ahead of Key Fed Minutes Release

By Peter Nurse Investing.com — The dollar edged lower in early European trade Wednesday ahead of the release of the keenly-awaited minutes from the last Federal Reserve meeting, with traders looking for clues on the direction of the economy and interest rates. At 4:04 AM ET (0804 GMT), the dollar index, which tracks the greenback against […]

Dollar Up, Investors Digest Mixed Fed Comments on Inflation

Investing.com – The dollar was up on Thursday morning in Asia as investors digested mixed signals from U.S. Federal Reserve officials regarding the timeline of stimulus measures changes. The US Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 91.828 by 11:14 PM ET (3:14 AM GMT). The USD/JPY pair inched up […]

Treasury Yields Jump as Fed Officials Signal Speedier Hikes

(Bloomberg) — The 10-year Treasury yield climbed after Federal Reserve policy makers surprised markets and signaled two quarter-point rate hikes by the end of 2023. Ten-year yields rose five basis points to 1.54%, extending a rebound from a three-month low of 1.427% touched last week, as it touched the highest since June 8. The projections of when […]

Dollar Gains After Strong Economic Data; Payrolls Loom Large

Investing.com – The dollar climbed in early European trade Friday, reaching multi-week highs after a spate of strong economic data ahead of the monthly payrolls release raised the possibility of early Federal Reserve tightening. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was […]

Dollar Edges Lower; Fed Officials Maintain Dovish Tilt

Investing.com – The dollar edged lower in early European trade Wednesday, trading near its lowest levels since early January as Treasury yields weakened with Federal Reserve officials continuing to present a dovish view. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down less […]

Dollar Edges Higher; Covid Cases Rise in Asia

Investing.com – The dollar edged higher in early European trade Monday, with this safe haven supported by concerns over fresh Covid-19 outbreaks in some Asian countries. However, gains are small ahead of the minutes of the latest Federal Reserve meeting. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a […]

EU should aim for multi-polar currency system as China rises: bailout fund’s Regling

BRUSSELS (Reuters) – The European Union should seek a stronger international role for its euro to avoid being squeezed out of the top world currencies by the rising importance of the Chinese renminbi, the head of the euro zone bailout fund Klaus Regling said. Regling, who runs the powerful European Stability Mechanism (ESM) fund with […]

Bitcoin falls 1.8% to $50,270

(Reuters) -Bitcoin dropped 1.77% to $50,269.9 on Saturday, losing $906.75 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 22.5% from the year’s high of $64,895.22 on April 14. Ether, the coin linked to the ethereum blockchain network, dropped/dipped 4.91 % to $2,253.41 on Saturday, losing $116.36 from its previous close. […]

Multiple U.S. trade partners risk ‘manipulator’ label in Yellen’s first currency report

WASHINGTON (Reuters) – Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen’s first foreign exchange report, expected this week, but whether she applies that label is unclear. The Biden administration has sought to engage more constructively with trading partners and allies, and currency […]

Dollar dips to one-week lows as stocks hit records

NEW YORK (Reuters) – The dollar dipped to one-week lows against a basket of currencies on Monday as stocks hit record highs, and as investors waited on the next catalyst to drive direction. The dollar has rebounded this year along with rising U.S. Treasury yields as investors bet on faster U.S. economic growth and higher […]

Dollar Near 4-Month High as Employment Report Looms Large

Investing.com – The dollar edged higher in early European trading Monday, as quickening progress on vaccination tips relative growth expectations in the dollar’s favor, ahead of a key employment report. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 92.865, […]

Dollar Up, Major Currencies on Hold as Investors Await Fed Policy Decision

Investing.com – The dollar was up on Wednesday morning in Asia, with other major currencies holding tight ranges ahead of the U.S. Federal Reserve’s policy decision later in the day. The U.S. Dollar that tracks the greenback against a basket of other currencies inched up 0.03% to 91.903 by 12:59 AM ET (4:59 AM GMT). The index has risen […]

Dollar ascendant as Powell sticks to script; risk currencies slide

TOKYO (Reuters) – The dollar hit multi-month highs against the euro and the yen on Friday after Federal Reserve Chair Jerome Powell did not express concern about a recent sell-off in bonds while sticking to his stance to keep interest rates low for a long time. While Powell did stick with dovish rhetoric overall, he […]

Pound Extends Longest Winning Streak Against Euro Since 2015

(Bloomberg) — Sterling’s vaccine-fueled rally against the euro is beginning to look relentless. The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better than expected. The euro fell as much as 0.8% to 85.41 pence, dropping […]

Dollar Weakens; Economic Recovery Optimism Grows

Investing.com – The dollar weakened in early European trading Monday, as traders walked away from this safe haven amid optimism about a vaccination-led global recovery and the prospect of more U.S. stimulus. At 2:50 AM ET (0750 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% […]

Pound Trickles Lower as Traders Shift Attention to Bank of England

Investing.com – The pound eased against the dollar on Wednesday, as focus shifted to the Bank of England’s meeting, with traders eagerly awaiting clues about negative interest rates. GBP/USD fell 0.16% to $1.3643. The Bank of England is expected to keep rates at 0.10% and its pace of monthly bond of purchases £845 billion as the […]

Dollar Edges Higher; Stimulus Concerns weigh on Risk Sentiment

Investing.com – The dollar edged higher in early European trading Tuesday, as concerns over the timing and size of U.S. stimulus weighed on market sentiment ahead of a Federal Reserve meeting. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at […]

Dollar Up as Investors Await Biden’s “Trillions” in U.S. Stimulus Plans

Investing.com – The dollar was up on Thursday morning in Asia, continuing a rebound from near three-year lows against major peers as investors await U.S. President-elect Joe Biden’s plans for further stimulus measures. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.04% to 90.373 by 11:11 PM ET (4:11 […]

Dollar Up, Steadies as Investors Await Georgia Election Results

Investing.com – The dollar was up on Wednesday morning in Asia, steadying as vote counting continues for a U.S. Senate runoff election in the state of Georgia and investors awaiting the results to determine market sentiment’s next move. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.15% to 89.547 […]

Dollar on borrowed time as U.S. twin deficits balloon

By Wayne Cole SYDNEY (Reuters) – The dollar was ending 2020 in a downward spiral on Thursday with investors wagering a global economic recovery will suck money into riskier assets even as the U.S. has to borrow ever more to fund its swelling twin deficits. The euro stood at $1.2291, having hit its highest since […]

Dollar Down as U.S. Stimulus, Brexit Talks Optimism Continues

By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, with investors continuing a retreat from the safe-haven asset after progress in U.S. stimulus measures and Brexit talks boosted risk appetite. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.04% to 90.102 by 9:12 PM […]

Pound Swings as Traders Brace for a Breakdown in Brexit Talks

(Bloomberg) — Pound traders are positioning for a choppy ride as trade negotiations between Britain and the European Union reach a watershed moment. The currency suffered its biggest drop in close to three weeks after the EU’s chief negotiator Michel Barnier said a deal wasn’t guaranteed, while the relative cost of hedging against a weaker […]

Dollar sellers return with an eye on the Fed

By Tom Westbrook SYDNEY (Reuters) – The dollar was under pressure on Tuesday, after closing out its worst month since July with a little bounce and as investors reckon on even more U.S. monetary easing. The risk-sensitive Australian and New Zealand dollars clawed back some of Monday’s losses, each rising roughly 0.2% early in the […]

Pound Pares Gains on Worries Over Little Progress on Brexit Talks

By Yasin Ebrahim Investing.com – The pound pared gains to trade roughly unchanged Monday as investor jitters about the prospect of a Brexit deal lingered on increasing signs that little progress is expected in crunch UK-EU talks this week. GBP/USD rose 0.06% to $1.3192 after rising to a session a high of $1.3242. UK-EU trade talks […]

Pound Drops as England Readies for a Month-Long Lockdown

(Bloomberg) — The pound declined to the weakest level in a month on concern a lockdown across England would deal a painful blow to an economy already reeling from similar measures earlier this year. Sterling fell as much as 0.7% to $1.2855, the lowest since Oct. 7, after Prime Minister Boris Johnson on Saturday announced the […]

Dollar Maintains Gains; Euro Weighed by ECB Hints

By Peter Nurse Investing.com – The dollar maintained overnight gains in early European trade Friday, while the euro struggled near four-week lows as new Covid-inpired lockdowns in Europe prompted the European Central Bank to hint at more monetary easing. At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket […]

China Targets U.S. Buyers with $6 Billion Dollar Debt Sale

(Bloomberg) — China is pressing ahead with a dollar bond sale amid growing uncertainties over U.S. elections and tensions with Washington. For a fourth straight autumn, China is looking to sell dollar notes with three-year, five-year, 10-year and 30-year maturities Wednesday, according to people familiar with the matter who aren’t authorized to speak publicly. Some […]

Yen jumps after Trump catches COVID-19, rattles financial markets

By Tom Westbrook SINGAPORE (Reuters) – The dollar and yen rose on Friday after U.S. President Donald Trump’s positive test for COVID-19 spooked investors, just a month out from November’s presidential election. Trump said on Twitter that he and his wife Melania had COVID-19 and would begin quarantine and recovery immediately. The yen <jpy=>made its sharpest […]

GBP/USD Clings Onto Gains as Experts Question Brexit Deal Optimism

By Yasin Ebrahim Investing.com – The pound hung onto gains against the dollar on continued hopes over a Brexit deal despite some experts suggesting the optimism could be misplaced amid fresh U.K.-EU trade talks that got underway Tuesday. GBP/USD rose 0.25% to $1.2877, after rising above $1.29 intraday. The strong start to the week for sterling […]

Pound Off Highs as PM Johnson Seeks Support for Brexit Plan Ahead of Vote

By Yasin Ebrahim Investing.com – The pound eased from session highs Monday as Prime Minister Boris Johnson continued to make a case for a controversial bill that threatens to scupper the prospect of a post-Brexit deal with the European Union ahead of a vote later today. GBP/USD rose 0.52% to $1.2858, down from a session high of […]

Pound’s 3-Week Winning Streak at Risk as Negative Rate Talks Heat Up

By Yasin Ebrahim Investing.com – The pound tumbled for a second-straight day Thursday, threatening to snap a three-week win on rising expectations the Bank of England could cut rates below zero to support the U.K. economy. GBP/USD fell 0.54% to $1.3279, to remain close to session lows of $1.3243. In the run-up to the BoE meeting […]

Dollar Down as Rally from Powell Speech Subsides

By Gina Lee Investing.com – The dollar was down on Friday morning in Asia, giving up some of its earlier gains as the rally from the U.S. Federal Reserve’s new strategy to increase employment, and tolerance for higher inflation, wore off. Speaking at the Jackson Hole symposium on Thursday, U.S. Federal Reserve Chairman Jerome Powell […]

Longtime Bond Bull Lacy Hunt Sees One Huge Risk

(Bloomberg Opinion) — Few economists have the long-term track record of Lacy Hunt at Hoisington Investment Management. For more than three decades, Hunt has held the view that U.S. Treasury yields would fall, fall and then fall some more. That was true when the 30-Year bond yielded 9% in 1990, 6.75% in 2000, 4.5% in 2010 and now 1.4% […]

Dollar Up, But Gains Limited Over Slow U.S. COVID-19 Recovery

By Gina Lee Investing.com – The dollar was up on Monday morning in Asia but saw gains capped as the U.S. economic recovery from COVID-19 slows down. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.11% to 93.535 by 9:47 AM ET (2:47 GMT). Minori Uchida, chief currency analyst at […]

Dollar Down Amid Fresh Doubts Over U.S. Recovery

By Gina Lee Investing.com – The dollar was down on Friday morning, touching two-year lows and on its way to posting its biggest monthly decline in a decade as fresh doubts over the U.S economy’s recovery from the COVID-19 pandemic creep in. These doubts have led investors to question the dollar’s strength. Data released on […]

Dollar holds gains on safe haven bid as economic risks grow

By Stanley White TOKYO (Reuters) – The dollar held onto gains against most currencies as worries that a resurgence in the coronavirus is starting to curb economic activity drew safe-haven flows into the U.S. currency. One notable exception was the euro, which was well supported by hopes that European officials will agree on fiscal stimulus […]

Sterling seen up 4% in a year on optimism for EU-UK trade deal: Reuters poll

By Jonathan Cable LONDON (Reuters) – Sterling will gain towards the end of the year if Britain and the European Union (EU) thrash out a deal over future trade relations as most analysts expect, a Reuters poll found. But London and Brussels remain far apart in negotiations, and the risk of a no-deal Brexit at […]

Tech, central bank support boost FX volumes, panel says

SINGAPORE/LONDON (Reuters) – Foreign exchange volumes have surged during the coronavirus pandemic instead of stalling as they usually do during a crisis, thanks to technological improvements and central bank and government intervention, a central bank panel said on Tuesday. Turnover for the $6.6 trillion a day FX markets is difficult to quantify, but data from […]

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

(Bloomberg) — The Federal Reserve said Monday that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds. The central bank also added a twist to its buying strategy, saying it would follow a diversified market index of U.S. […]

Australia Economy Contracts as End to Recession-Free Run Looms

(Bloomberg) — Australia’s economy contracted in the first three months of the year, setting up an end to the nearly 29-year run without a recession as an even deeper slowdown looms for the current quarter. Gross domestic product fell 0.3% from the final three months of 2019, the first quarterly drop since 2011, compared with […]

Wave of Dollar Liquidity Shrinks Japanese, Korean Bond Returns

(Bloomberg) — The tidal wave of dollar liquidity, which eased a global credit crunch, has left Japanese and South Korean bonds reeling in its wake. Investors funded with the U.S. currency are seeing returns on hedged holdings of these bonds shrink. Funds that offer dollars in the swap market to borrow yen or South Korea’s […]

Dollar Dives as Trump Sparks Negative Interest Rate Fears

Investing.com – The dollar cut gains to trade sharply lower on Tuesday as President Donald Trump stoked fresh worries about negative interest rates after calling on the central bank to do more easing. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.32% to 99.95. Trump said […]

Euro stays quiet on Europe’s day off; Australian dollar sinks

LONDON (Reuters) – The euro stabilised against the U.S. dollar on Friday, having rallied the day before to a two-week high on month-end flows and on news that the European Central Bank will make loans to banks even cheaper. Much of Europe was closed on Friday for the International Workers’ Day, as was much of […]

Dollar Up as Oil Continues to Claw Back Losses

Investing.com – The U.S. dollar was up on Thursday morning in Asia as part of the market-wide rally from losses suffered earlier in the week. The greenback got a push from gains in oil during the previous session as the black liquid continued to claw back Monday’s colossal losses. The U.S. Dollar Index that tracks the greenback against a basket of other […]

Forex – Dollar Edges Lower; Economic Reopening Eyed

Investing.com – The U.S. dollar edged lower Tuesday, with investors taking a cautiously optimistic view of the coronavirus pandemic’s progress, and thus drifting out of the safe haven. At 3:10 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.265, down 0.1%, while EUR/USD rose 0.2% […]

Dollar creeps higher as virus worries return

SINGAPORE (Reuters) – The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop against a basket of […]

FOREX – U.S. Dollar Slides, Investors Still Looking For Safe Haven

Investing.com – The U.S dollar extended its slide into a fourth day on Wednesday morning in Asia as investors continued to avoid risk.    The U.S. dollar index, which tracks the greenback against a basket of currencies, slid 0.55% to 101.690 by 11:22 AM ET (3:22 AM GMT).    The USD/JPY pair was down 0.26% to 110.92 as the International […]

Factbox: Foreign exchange regimes around the world

LONDON (Reuters) – Currency pegs have come under fresh scrutiny once again following a sharp decline in oil prices. Below is a list of some countries which still control their foreign exchange rates. NORTH AFRICA & THE MIDDLE EAST LEBANON: The pound has been pegged at 1,507.5 to the dollar since 1997. SAUDI ARABIA: The […]

Dollar’s rally sputters as investors eye more Fed cuts

NEW YORK (Reuters) – Monetary policy easing in the United States fueled by worries about the economic impact of the coronavirus is endangering the dollar’s years-long rally and giving a boost to currencies around the world. The U.S. Dollar Currency Index (=USD) shed most of its gains for the year over the last few days, […]

Forex – Dollar Gives up Gains as Traders Raise Bets on Fed Rate Cut

Investing.com – The U.S. dollar gave up early-day gains on Monday, pressured by growing investor expectations the Fed could deliver a rate cut sooner rather than later to cushion the impact from the coronavirus outbreak.   The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.06% to […]

Forex – Euro Stuck Near 2 1/2-Year Low After Virus Surge Hits Mood

Investing.com — The euro was stuck near a two-and-a-half-year low after early trading on Thursday, after a fresh surge in coronavirus cases in China added to concerns about the impact of the outbreak on an already weak eurozone economy.   By 3 AM ET (0800 GMT), EURUSD was at $1.0877, up less than 1% on the day […]

Czechs’ Unexpected Rate Hike Lifts Koruna to Seven-Year High

(Bloomberg) — The Czech central bank surprisingly raised interest rates, responding to a jump in consumer prices that’s outweighed worries about the global economic slowdown. The koruna soared to a seven-year high.   Policy makers raised the benchmark by a quarter-point to 2.25% on Thursday, the first hike since May and the ninth increase in […]

Switzerland’s Central Bank Is Stomaching Stronger Franc For Now

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Sight deposits at the Swiss National Bank increased only marginally last week, suggesting President Thomas Jordan and his colleagues aren’t taking much action to counter the strengthening franc.   Iran-U.S. tensions and fears about the spreading […]

EU Trade Chief Calls Trump ‘Obsessed,’ Attacks U.S.-China Deal

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The European Union’s new trade chief pulled no punches on an inaugural visit to Washington, saying President Donald Trump’s tariff threats amount to short-sighted electioneering and warning him about widespread economic damage from protectionism. Phil […]

Risk Currencies Reel as Geopolitical Shock Spoils New Year Cheer

(Bloomberg) — The new year has barely begun and global markets are already under threat from a geopolitical flare-up that few saw coming, and that’s hurting risk-sensitive currencies such as Sweden’s krona.   The Scandinavian currency was set for worst week against the dollar since early November amid escalating tensions in the Middle East after a U.S. airstrike […]

U.S. dollar share of global currency reserves highest for a year in third quarter: IMF data

(Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the third quarter to its highest level in a year, while the yen’s share of reserves grew to the largest in two decades, data released on Monday showed. Reserves held in U.S. dollars totaled $6.75 trillion, or 61.78% […]

Argentina’s black market peso tumbles on ‘tourism tax’ fears

By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s black market peso fell almost 8% against the dollar on Monday after a senior official flagged the return of a so-called tourism tax on spending in dollars, a move to help prop up the local peso and help fill drained state coffers. The peso was down 7.93% […]

Forex – U.S. Dollar Stumbles After Manufacturing Decline

Investing.com – The U.S. dollar tumbled on Monday after manufacturing data fell more than expected in November.   ISM’s Manufacturing PMI fell for the fourth-consecutive month, as demand was lower, said Timothy R. Fiore, chairman of the ISM manufacturing business survey committee.   “Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are less […]

Pound’s Winning Streak Against Euro Gains Fuel on Election Poll

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The pound headed for a fourth month of gains against the euro, reflecting growing confidence in the market that the Conservative Party will be able to secure a majority in the U.K.’s December election. Sterling outperformed […]

Forex – U.S. Dollar Falls on Weak Manufacturing Data

Investing.com – The U.S. dollar fell on Friday, after data showed that manufacturing woes in the country have deepened.   Manufacturing output fell to 0.6% in October, the most since May 2018. Excluding autos, output was down 0.1% last month, the Federal Reserve data showed. Industrial production slipped 0.8%, while the Empire State Manufacturing Index […]

Dollar drifts as trade deal doubts creep in, pound eyes BoE

By Stanley White TOKYO (Reuters) – The dollar was shackled against its major rivals on Thursday as lingering doubts about when the United States and China will sign a preliminary trade deal discouraged traders from taking big positions. Sterling traded near a one-week low before a Bank of England meeting later on Thursday. No change […]

Forex – Pound Slips as Johnson Calls for Election; Dollar Moves Higher on PMI Data

Investing.com – The British pound slipped against the U.S. dollar on Friday in Asia after U.K. Prime Minister Boris Johnson said U.K. lawmakers should back an early Dec. 12 general election to get more time to scrutinize the Brexit deal, creating more uncertainties surrounding the country’s departure process. The GBP/USD pair slipped 0.1% to 1.2842 by 12:05 […]

Jump in lira FX swap rates jogs memories of spring squeeze

By Marc Jones LONDON (Reuters) – Turkish lira markets suffered a flashback of their suffocating March squeeze on Wednesday, as authorities moved to keep a lid on volatility after a week of U.S. sanctions and legal charges. The cost of borrowing lira using one-week FX swaps tested two-and-a-half-month highs going as high as 20.25% <tryccs1wz=r>, with […]

U.S. businesswoman Arcuri refuses to answer questions about intimacy with Boris Johnson

By Guy Faulconbridge LONDON (Reuters) – U.S. businesswoman Jennifer Arcuri repeatedly refused to answer questions on Monday about whether she had an intimate relationship with British Prime Minister Boris Johnson when he was mayor of London. The Sunday Times has reported that when Johnson was mayor he failed to declare close personal links to Arcuri, […]

NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1%

Investing.com — The euro fell to its lowest since May 2017 against the dollar after another raft of weak inflation data – notably from Germany – bolstered speculation on more aggressive moves by the European Central Bank to support the euro zone economy. According to preliminary data, German inflation fell to an annual rate of 1.2% […]

Euro pauses before ECB meeting as trade thaw triggers risk rally

By Tommy Wilkes LONDON (Reuters) – The euro hovered near $1.10 on Thursday as traders waited to see the scale of fresh stimulus expected from the European Central Bank, while China’s yuan and Australia’s dollar were buoyed by further signs of a thaw in the U.S.-China trade war. After a difficult August in which concerns […]

Dollar index holds losses after ADP U.S. August jobs data

NEW YORK (Reuters) – The dollar held its earlier losses versus a basket of currencies on Thursday as payroll processor ADP (NASDAQ:ADP) said U.S. private hiring came in stronger than expected in August, while it revised lower its job reading for July. At 8:23 a.m. (1223 GMT), an index that tracks the greenback against the […]

Forex – U.S. Dollar Rises as Trump Goes After Fed

Investing.com – The U.S. dollar rose on Wednesday as U.S. President Donald Trump continued to keep up his criticism on the Federal Reserve.   Long-term bond yields remained before those of short-term notes, increasing worry about a potential recession. The inversion of the Treasury yield curve is widely considered a precursor to an economic slowdown, […]

Forex – Dollar Flat; Trump Wants Hong Kong Problems Solved Before Trade Deal

Investing.com – The U.S. dollar was flat on Monday in Asia as traders remained cautious ahead of Federal Reserve minutes due later this week. The U.S. dollar index that tracks the greenback against a basket of other currencies was largely unchanged at 98.072 by 12:37 AM ET (04:37 GMT). All eyes will be on the Federal Reserve […]

Dollar falls versus yen, offshore yuan slips on trade woes

By Stanley White TOKYO (Reuters) – The dollar fell against the yen and the yuan weakened, in a sign investors remain wary that China’s currency policy has become a new flashpoint in its trade war with the United States. The yuan eased against the dollar in offshore trade on Wednesday after the People’s Bank of […]

Dollar Bears and Trump Both Dealt Blows by Fed’s Hawkish Cut

(Bloomberg) — With Jerome Powell downplaying the size and scope of future Federal Reserve rate cuts, the U.S. dollar looks poised to extend its 2019 rally. It’s yet another setback for bears and a move that’s certain to attract Donald Trump’s ire. The central bank trimmed interest rates on Wednesday, but disappointed many — including […]

Forex – Dollar Drops as Commodity Currencies Shine on Rate Outlook

Investing.com — The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from Federal Reserve Chairman Jerome Powell that made a bias to easing monetary policy crystal clear. The global weakness of which Powell warned was in evidence again overnight, as Singapore, whose economy […]

Dollar firm, market awaits U.S. jobs report for Fed clues

By Shinichi Saoshiro TOKYO (Reuters) – The dollar was firm on Friday but traders held off on making big bets ahead of the closely-watched U.S. non-farm jobs report that could influence the course of near-term Federal Reserve policy. The dollar index (DXY) against a basket of six major currencies stood little changed 96.748, having spent […]

The Pound Looks Even Worse Than the Euro

(Bloomberg) — The pound will tumble to levels not seen since 2017 against the euro as Brexit turmoil outweighs a dovish European Central Bank, according to analysts. Sterling is likely to slide toward 92 pence per euro by year-end, about 3% below current levels and a rate not seen in 21 months, according to JPMorgan […]

Forex – Sterling at 2019 Lows on Brexit Fears, Aussie Slides

Investing.com – The British pound was trading near its lowest levels of the year on Tuesday as fresh fears over the prospect of a no-deal Brexit weighed, while the Australian dollar was pressured by growing expectations for another rate cut by the country’s central bank. The yen and the euro gained ground, as investors awaited […]

Explainer: U.S.-China trade war – the levers they can pull

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground. Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United States extended tariffs to cover almost all Chinese imports. […]

Forex – Pound Falls Amid Brexit Concerns; U.S. Dollar Inches Up After Fed Minutes

Investing.com – The British pound fell on Thursday in Asia amid Brexit concerns, while the U.S. dollar inched up after the release of minutes from the last meeting of the U.S. Federal Reserve. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.1% to 97.982 by 11:46 PM ET (03:46 […]

Rapid bitcoin rally cheers crypto market investors, others wary

LONDON (Reuters) – Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday and more than doubled in price […]

Clarida Says Fed Can Be Data Dependent as Economy in Good Shape

(Bloomberg) — The U.S. economy is in fine fettle and is operating at or close to the Federal Reserve’s twin goals of maximum employment and price stability, Vice Chairman Richard Clarida said. “The U.S. economy is in a very good place,’’ he said Friday in the text of a speech to be delivered to a […]

Japan’s Aso Opposes Linking Currency With Trade in U.S. Talks

(Bloomberg) — Japan’s Finance Minister Taro Aso pushed back against U.S. efforts to link the yen with bilateral talks aimed at striking a trade deal. “We can’t agree to any talk of linking currency and trade policy,” Taro Aso told reporters Thursday in Washington D.C. after he met with U.S. Treasury Secretary Steven Mnuchin. This […]

Currency Chaos That Felled Sudan Leader Is Lesson for Maduro

(Bloomberg) — For autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival. It’s the same problem that did for long-standing rulers from Angola to Zimbabwe and may yet claim Venezuela’s Nicolas Maduro. Al-Bashir, who the military ousted on Thursday to end 30 […]

Top ASEAN nations seek to boost investment in local currency

BANGKOK (Reuters) – The central banks of Thailand, Indonesia, Malaysia and the Philippines will chart out a framework this week to promote trade and investment in local currencies, in a latest move by emerging economies to trim exposure to volatile global markets. The four central banks will sign a letter of intent on a local […]

Plummeting Lira Defies Turkey’s Surprise Monetary Tightening

(Bloomberg) — Turkey’s central bank announced a surprise tightening of monetary policy and moved to calm concern over a sudden drop in official reserves in a failed attempt to stem a slump in the lira. The currency tumbled as much as 5.8 percent Friday as the central bank announced steps to push lenders toward its […]

Forex – Pound Pushes Higher on Hopes ‘No-Deal’ Brexit Will Be Ruled Out

Investing.com — The British pound is higher against the dollar and euro in early trading in Europe Wednesday, as the market leans on balance towards believing that Brexit will be softened, delayed or even cancelled. The U.K. parliament rejected the government’s deal on leaving the European Union for a second time on Tuesday, effectively killing […]

Dollar hovers near two-week high as euro flags ahead of ECB meeting

TOKYO (Reuters) – The dollar held near a two-week high against its key rivals on Tuesday, underpinned by a resilient economy and a flagging euro ahead of an upcoming European Central Bank policy meeting. Higher U.S. bond yields kept the dollar well bid, and though rates were off overnight peaks, traders bet the greenback had […]

Zimbabwe’s new currency unmoved as transactions stay restricted

HARARE (Reuters) – Zimbabwe’s new currency was stuck around 2.5 to the U.S dollar on Tuesday as tight restrictions on trading and exchanging it remained in place despite a central bank pledge to let the RTGS dollar trade freely. Zimbabwe abandoned a discredited 1:1 dollar peg for its dollar-surrogate bond notes and electronic dollars last […]

Forex – Yuan Gains, U.S. Dollar Slips on Trade Deal Prospects

Investing.com – The Chinese yuan gained against the U.S. dollar while the greenback traded slightly lower on Monday in Asia, as the prospects of a Sino-U.S. trade deal improved investors’ appetite for riskier assets. U.S.-China trade talks will continue in Washington this week after the two sides wrapped up the latest round of discussions in […]

Dovish Bank of England Has Economists Scaling Back on Hike Views

(Bloomberg) — The Bank of England’s pessimistic view of the U.K. has left economists scrambling to rewrite their expectations for future action. In its Inflation Report on Thursday, the central bank cut its forecast for growth this year to the weakest in a decade and predicted a dramatic investment slump. Officials also said they see […]

Forex – Yuan Gains Despite Weak Industrial Profit; U.S. Dollar Slips Ahead of Fed

Investing.com – The Chinese yuan gained on Monday in Asia even after official data showing that China’s industrial profits fell for the second straight month in December. The U.S. dollar traded slightly lower amid dovish Fed expectations. USD/CNY was down 0.1% to 6.7374 at 1:21 AM ET (06:21 GMT). The gain in the yuan came even […]

All clear or keep clear? Turkey’s lira still vulnerable

LONDON (Reuters) – Having suffered its worst year in nearly two decades in 2018, Turkey’s lira was earmarked by many as the “comeback kid” of this year – with local policymaking getting the benefit of the doubt at last and global currency markets calming. But January so far has proved a far more uncomfortable affair. […]

Reuters poll: China’s yuan to break 7 per dollar in six months – FX strategists

BENGALURU (Reuters) – China’s yuan is still expected to breach the key 7-per-dollar mark within six months as a dimming economic growth outlook is likely to push the central bank toward easier monetary policy this year, a Reuters poll found. The number of analysts predicting the yuan will weaken to 7 per dollar or beyond […]

USD Flat In Asia As US-China Trade Talks Progress

Investing.com – The U.S. dollar was flat on Friday morning in Asia as the Japanese yen dipped after U.S. President Donald Trump tweeted over the weekend that trade talks with China are progressing well. The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, was up 0.01% at 96.40 by 10:50 […]

Forex – Dollar in Doldrums as Trade-Sensitive Currencies Soar

Investing.com – The dollar fell against its rivals Monday as trade-sensitive currencies rallied on the back of the temporary U.S.-China trade truce, while mixed U.S. economic data also weighed. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.36% to 96.90. ISM manufacturing data for November showed an […]

Forex – Dollar Flat as Fed Minutes Add Weight to Expectations for Fed Pause

Investing.com – The U.S. dollar was flat against its rivals Thursday as the Federal Reserve minutes did little to dent investor expectations for a December rate hike, but added to expectations that interest rates were close to neutral. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose […]

Forex – Dollar Holds Steady, Pound Dips Amid Brexit Uncertainty

Investing.com – The dollar held steady against a currency basket on Thursday, while the British pound dipped amid uncertainty over whether Prime Minister Theresa May’s draft Brexit plan will win parliamentary approval. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was little changed at 96.70 by 3:40AM ET […]

Forex – U.S. Dollar Flat After Jobs Report

Investing.com – The dollar was flat on Friday, despite an upbeat jobs report and news that a trade deal between the U.S. and China is not likely. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was flat at 96.28 as of 11:04 AM ET (15:04 GMT). The greenback […]

Forex – U.S. Dollar Inches Down, but Remains Near 16-Month High

Investing.com – The dollar inched down on Wednesday, but remained near a 16-month high as upbeat data and rising Treasury yields increased demand for the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched down 0.13% to 96.88 as of 11:41 AM ET (15:41 GMT). Private sector […]

Forex – Dollar Dips, but Fed Minutes Keep Rate Hikes on the Table

Investing.com – The dollar eased from one-and-a-half week highs against a currency basket on Thursday, but remained supported as the minutes from the Federal Reserve’s September meeting indicated that it plans to push ahead with rate hikes in the coming months. The U.S. dollar index, which measures the greenback’s strength against a basket of six major […]

Forex – Euro Bounces Higher on Italy Budget Reports, Dollar Softer

Investing.com – The euro rebounded on Wednesday, snapping five days of losses as reports that Italy plans to cut its budget deficit after next year eased concerns over the prospect of a wider deficit that had rattled markets. EUR/USD was up 0.23% to 1.1573 by 04:05 AM ET (08:05 AM GMT), rebounding from Tuesday’s one-and-a-half month […]

Forex – U.S. Dollar Continues to Rise on Fed Rate Hike

Investing.com – The U.S. dollar rose on Thursday after the Federal Reserve increased interest rates, as expected. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, surged 0.59% to 94.43 as of 11:26 AM ET (15:26 GMT). The Fed raised interest rates by a quarter point to 2.25% on […]

Turkish lira flat after rate hike gains, investors look to government plan

ANKARA (Reuters) – The Turkish lira traded flat on Friday, as investors weighed the impact of Thursday’s hefty 625 basis point rate hike and looked ahead to a new economic plan slated to be unveiled next week. The central bank on Thursday raised its benchmark rate to 24 percent in the biggest such hike in […]

Forex – Dollar Edges Up Amid Emerging Markets Concerns

Investing.com – The dollar edged up on Tuesday as markets remain concerned about recent developments in the emerging markets. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was up 0.05% to 95.12 by 1:45AM ET (05:45 GMT), while the Argentine peso hit a record low on Monday as President Mauricio Macri vowed […]

Forex – Dollar Set for Monthly Gain as Tariff Concerns Tank Euro

Investing.com – The dollar rose sharply against its rivals Friday, as rising global trade tensions spurred demand for the greenback. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.45% to 95.07. Concerns over a global trade war came to the fore Friday, as President Donald Trump […]