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US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups

Posted by By 26/02/2024Posted inForex
This article examines possible scenarios for the U.S. dollar ahead of key U.S. PCE data, scrutinizing the technical outlook for three major FX pairs: EUR/USD, USD/CAD and USD/JPY.
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Japanese Inflation in Focus as USD/JPY Tests Tokyo’s Resolve

Posted by By 26/02/2024Posted inForex
This week US growth and inflation are likely to steal the show but late on Monday Japanese inflation will either embolden or raise doubts around the BoJ's assessment of rising…
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Ethereum Spot ETF – The Next Cab Off the Rank?

Posted by By 26/02/2024Posted inForex
Following the recent successful launch of more than ten Bitcoin ETFs, the investment community has turned its attention to the second-largest cryptocurrency by market capitalization, Ethereum (ETH).
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British Pound Edges Up Again, US Data Will Run This Week’s Trade

Posted by By 26/02/2024Posted inForex
Sterling has enjoyed a run higher thanks in part to some better news from its home economy. There’s not much on this week’s slate, which will leave the Dollar in…
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CAC 40, DAX 40 and Dow Trade at Record Highs but may Short-term Consolidate

Posted by By 26/02/2024Posted inForex
Outlook on Nikkei 225, FTSE 100 and DAX 40 ahead of this week’s German and US inflation reports.
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Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation Data

Posted by By 26/02/2024Posted inForex
AUD/USD is coming off a string of eight consecutive days of gains but appears to have found resistance at a key longer-term level now that Chinese markets have eased
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Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported

Posted by By 25/02/2024Posted inForex
US growth and inflation data provide the pick of the bunch this week. CPI in Germany will influence ECB rate cut expectations and will a quiet week in the UK…
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US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups

Posted by By 25/02/2024Posted inForex
This article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE…
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USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Feb 15, 2024 14:00 GMT when USD/CAD traded near 1.35.

Posted by By 23/02/2024Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
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Japanese Yen Outlook: Turnaround Ahead; Setups on USD/JPY, GBP/JPY, EUR/JPY

Posted by By 23/02/2024Posted inForex
This article delves into the technical outlook for USD/JPY, EUR/JPY and GBP/JPY, identifying the crucial price points that could serve as resistance or support in the coming days.
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