USD, S&P 500 FORECAST: U.S. dollar slides on Monday ahead of Wednesday’s FOMC decision Meanwhile, the S&P 500 treks upwards following Friday’s selloff, but its moves lack strong conviction The Fed’s monetary policy outlook will be key for financial markets in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely
GOLD PRICE FORECAST Gold prices lack directional conviction as the U.S. dollar charges toward multi-month highs. Precious metals retain a somewhat bearish outlook from a fundamental standpoint. This article looks at XAU/USD’s key technical levels to watch in the coming days. Most Read: US Dollar Setups: USD/CAD, USD/JPY, and AUD/USD; Major Tech Levels Identified Gold
GBP/USD, EUR/GBP Analysis and Charts Cable falls to a three-month on renewed US dollar buying. EUR/GBP slides despite the ECB hiking rates again. For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Introduction to Forex News Trading The ECB hiked interest rates higher by 25 basis points across the
USD/JPY ANALYSIS & TALKING POINTS Japan looks to US for guidance. US inflation may result in Japanese involvement. Bearish divergence suggestive of downside to come. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROP The Japanese Yen has yet to make any real upside impact on the US dollar this week
STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United
Westpac note on the Fed, China, and the Australian dollar. The US economy and the equity market have proved much more resilient to the FOMC’s tightening cycle than earlier anticipated. Our expectation for (US) inflation … 6–month annualised inflation back at 2.0% by end–2023 and the annual rate around 2.0%yr by mid–2024. It is the
Share: XAG/USD peaked at a daily high of $24.80 then settled near the $24.15 area. US NFPs and PMI figures from August beat expectations. Still, wages decelerated, and Unemployment rose. The USD strength drove the grey metal downwards. At the end of the week, the XAG/USD closed with losses but managed to hold some
Share: AUD/USD retreated below the 20-day SMA towards 0.6450. The August NFP report from the US sent mixed signals from the US labour market. The Greenback benefited from higher-than-expected ISM PMIs. In Friday’s session, the USD initially dropped and found support at the 20-day Simple Moving Average (SMA) of 103.30 but then managed
STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United
Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor
