CANADIAN DOLLAR OUTLOOK: USD/CAD extends losses amid positive market sentiment Higher oil prices also benefit the Canadian dollar The pair seems to be on the verge of invalidating a key technical support zone, a bearish signal for price action Recommended by Diego Colman Get Your Free USD Forecast Get My Guide Most Read: EUR/USD Confronts … Read more
EUR/USD OUTLOOK: EUR/USD rallies after German inflation numbers surprise to the upside Broad-based U.S. dollar weakness and risk-on sentiment also boost the euro This article looks at key technical levels to keep an eye on in the near term Recommended by Diego Colman Get Your Free EUR Forecast Get My Guide Most Read: USD/CAD at … Read more
US Q4 GDP Dipped Slightly, US Economic data Remains Robust The final version of US GDP for the fourth quarter of 2022 dipped slightly lower, from 2.7% to 2.6%, dropping from the Q3 print of 3.2%. Customize and filter live economic data via our DailyFX economic calendar However, despite the quarter-on-quarter drop in GDP, US … Read more
Dax 40 Talking Points German Dax hits a daily high of 15,693 ahead of German inflation (Prel) print European equities surge after China’s optimistic outlook eases recession fears Dax 40 recovers over 7% of March losses with bulls aiming to retest the monthly high of 15,720. Discover what kind of forex trader you are Start … Read more
Gold Price, Chart, and Analysis Gold prices remain under $2000, but their uptrend is also clear Markets are weighing up the chances of another US rate rise Key data releases are still due this week, which could give a steer Recommended by David Cottle Building Confidence in Trading Get My Guide Gold prices remain pinned … Read more
GBP/USD – Prices, Charts, and Analysis Cable is higher on the week but the trading range is very narrow. US GDP and core PCE may add some volatility into a lackluster market. Recommended by Nick Cawley How to Trade GBP/USD Get My Guide GBP/USD traders will have found life difficult this week with the pair … Read more
Crude Oil, WTI, US Jobless Claims, Technical Analysis- Talking Points: Crude oil prices fell on Wednesday after softer Fed energy report An unexpected surge in US jobless claims remains a threat to WTI Meanwhile, the 4-hour chart reveals a Bear Flag that is brewing Recommended by Daniel Dubrovsky How to Trade Oil Get My Guide … Read more
Japanese Yen, USD/JPY, US Dollar, BoJ, Ueda, Powell, Fed, Treasury Yields – Talking Points The Japanese Yen has lost ground going into month-end and fiscal year-end The BoJ looks likely to be on hold for some time while the Fed’s rate path is unclear Risk sentiment may play a role in Treasury yields. Will that … Read more
S&P 500 TECHNICAL OUTLOOK: U.S. stocks rally as market sentiment continues to improve The S&P 500 jumps 1.42% and comes within striking distance of clearing a key technical resistance All eyes on the February PCE report due out Friday Recommended by Diego Colman Get Your Free Equities Forecast Get My Guide Most Read: S&P 500 … Read more
Gold (XAU/USD) price outlook: Gold prices turn cautious amid easing fears of banking contagion XAU/USD Threatens support at the February 2023 high US Dollar gains, dragging safe-havens lower Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Gold futures ease after a … Read more