USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
GOLD PRICE (XAU/USD), AUD/USD FORECAST: Gold prices climb and challenge technical resistance on the back of falling U.S. yields and U.S. dollar softness AUD/USD also pushes higher, breaking above its 200-day simple moving average This article looks at key technical levels to watch on XAU/USD and AUD/USD this week Most Read: US Dollar Forecast –
The Nasdaq Composite this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today. Technicals seem to be in play as the 10-year yield bounces off a key support area near 4.34%. Meanwhile, the USD is breaking to the downside against a number of the major currencies.
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
As we look towards the closing stages of the week, the main focus is on the bond market. And with yields slipping further in European trading, it is sparking some broader market moves. Of note, USD/JPY is now down 0.8% to 149.55 while stocks are beginning to pick up some steam on the session. S&P
The S&P 500 surged to new highs following the miss in the US CPI report. Looks like the market is still trading based on the inflation and interest rates expectations and ignoring the softening in the labour market and growth data. Yesterday, the US Retail Sales were more tepid compared to the prior months, but
Euro Analysis Markets price in the same amount of rate cuts for the ECB as they do in the US EUR/USD contemplating a reversal after surpassing the 200 SMA Risk events: US retail sales and central bank speakers The analysis in this article makes use of chart patterns and key support and resistance levels. For
Gold (XAU/USD) Analysis, Prices, and Charts US inflation report the next driver for gold’s price action. The 200-day simple moving average provides short-term support. Learn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic Calendar The latest US inflation report is released at 13:30 GMT today
