NZD/USD, AUD/NZD, EUR/NZD – Outlook: NZD/USD is holding above channel support, but there is no sign of reversal of the downtrend. AUD/NZD remains well within its recently established range; EUR/NZD’s downside could be limited. What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? Recommended by Manish Jaradi Building Confidence in Trading NZD/USD: Holding the above
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank’s eagerly-awaited rate-setting meeting. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%
© Reuters. Investing.com– Most Asian currencies kept to a tight range on Thursday, while the dollar edged lower as markets weighed stronger-than-expected inflation data against expectations that the Federal Reserve will keep rates unchanged next week. Data on Wednesday showed that U.S. grew slightly more than expected in August, amid rising fuel costs and steady
XAU/USD PRICE FORECAST: Gold (XAU/USD) Bulls Remain Cautious Following Sticky US CPI. Retest of Recent Lows Grow More Appealing. The Technicals on Gold Remain Conflicted. A Golden Cross Pattern Printed in the Asian Session and a Death Cross Pattern Forming Just Another Sign of the Current Indecision at Play. IG Client Sentiment Shows that Retail
Japanese Yen (USD/JPY, EUR/JPY) Analysis Ueda’s Nod to Rate Normalisation Fades as Focus Shifts to US CPI The yen made a partial recovery/pullback after the Bank of Japan (BoJ) Governor Kazuo Ueda expressed a view that the bank will have enough data at their disposal to make a decision on stepping away from negative interest
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 drops on disappointing UK growth The FTSE 100 is about to end its four straight day winning streak as much weaker-than-expected UK GDP pushes the index lower. UK GDP dropped by 0.5% month-on-month in July, the
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price stabilised after the US Dollar found some support overnight Rising Treasury yields appear to be driving real yields ahead of US CPI A miss in CPI forecasts might have implications for real yields and XAU/USD Recommended by Daniel McCarthy
The data is due at 8.30 am US Eastern time. Preview comments via CIBC: August CPI will be the final piece of the puzzle for the Fed ahead of its September meeting We expect the last few soft readings to start to form a trend, with core CPI in August expected to come in at
US DOLLAR, NASDAQ 100 FORECAST: The U.S. dollar, as measured by the DXY index, rebounds after steep losses at the beginning of the week In contrast, the Nasdaq 100 takes a turn to the downside, unable to build upon its gains from Monday on fears higher oil prices will keep the Fed on its toes
RAND TALKING POINTS & ANALYSIS Chinese optimism unable to deter USD upside. US & Chinese economic data the focus for the week. USD/ZAR trendline resistance remains in tact for now. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP
