US Dollar (DXY) Outlook – Fed Chair Powell, US Inflation Data and NFPs All Near
The greenback is re-testing support after Monday’s late sell-off ahead of an important speech by Fed chair Jerome Powell on Wednesday.
Gold Bounces of 100-Day MA Eyeing a Break of $1760
Spot gold’s rally overnight helped by renewed optimism around China’s covid approach. Is the rally sustainable?
Euro Breaking News: Mixed EZ Sentiment Leaves Emphasis on CPI Data Tomorrow
EUR/USD dismissed EZ confidence and sentiment statistics giving greater importance to the upcoming EZ CPI print.
Psychological Levels & Round Numbers in Forex Trading
Key levels in forex tend to draw attention to traders in the market. Learn more about the psychological definition and how to trade it.
GBP Forecast: Pound Undeterred by Hawkish Fed Speakers, BoE’s Bailey in Focus
GBP/USD is trading higher this morning while attention shifts to the BoE’s Governor Bailey for guidance.
Australian Dollar Technical Outlook: AUD/USD Rally Pauses
The Australian Dollar’s rally against the US dollar may have stalled recently but it doesn’t appear to be over just yet. What is the short-term outlook and what are the…
Euro Fights Back Against a Tumultuous US Dollar Caught Between Risk and a Hawkish Fed
The Euro clawed back some gains after the US Dollar ascendency was questioned despite the Federal Reserve reminding markets of their intention. If the US dollar gets traction, will EUR/USD…
Chinese Yuan Technical Outlook: USD/CNH Upside Capped?
USD/CNH’s rise above immediate resistance last week may have reduced imminent downside risks but it hasn’t altered the broader ongoing correction phase. What is the outlook and the key levels…
EURUSD Reverses from 1.0500 Again as Fed and ECB Will Both Escalate Signaling
A new week has begun and liquidity has been restored. While Monday had a few notable fundamental points, the real impact starts over the next 24 hours. In particular, rate…
Crude Oil Price Looks Lower on China Lockdown Fears Ahead of OPEC+. Where to for WTI?
Crude oil slipped lower on concerns around continual lockdowns across China but got a boost from conjecture that OPEC+ are thinking of cutting production further. Will WTI rebound?