US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift – DailyFX
US Dollar Index Price and Analysis The US dollar index hit a one-month high. The pound continues to fall after Thursday’s dovish central bank meeting. For dates of all major central bank meetings, please visit DailyFX Central Bank Calendar Recommended by Nick Corey Characteristics of successful traders The Bank of England will work with the […]
Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View – DailyFX
Gold (XAU/USD) Analysis Recommended by Richard Snow How to trade gold Fed gives green light to gold after reaffirming interest rate cut view The Federal Reserve yesterday released its latest monetary policy statement along with a summary of its economic outlook. What is immediately clear from this announcement is that the Fed will stick to […]
USD/JPY Selloff Continues Ahead of the FOMC Meeting – DailyFX
USD/JPY, FRB analysis Recommended by Richard Snow Forex News Trading Overview Yen looks vulnerable ahead of FOMC and all-important dot plot Ahead of this evening’s important FOMC decision, the yen continued to fall against the dollar in morning trading in London. Although there is no realistic expectation that the federal funds rate will change, market […]
US Dollar Forecast: Hot US Inflation Data Drives USD/JPY Higher. What Now? – DailyFX
USD/JPY forecast USD/JPY Rebound on Tuesday after poor performance in the past few trading sessions America is hotter than expected consumer price index data backs it up USDrebound of Traders should keep an eye on the upcoming PPI report for a clearer picture of the inflation outlook. Most read: US inflation higher than expected, USD […]
US Dollar Forecast: US CPI to Spark Next Big Move – EUR/USD, USD/JPY, GBP/USD – DailyFX
US dollar outlook – EUR/USD, GBP/USD, USD/JPY of USD It fell sharply last week, weighed down by falling U.S. bond yields. However, future US policy could turn the tide in favor of the dollar. consumer price index Data exceeds estimates US inflation data for February will be released on Tuesday morning Most read: USD/JPY falls […]
US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon – DailyFX
USD Analysis, Prices, Charts Fed Chairman Jerome Powell remains positive, but it depends on the data. The US dollar index is trending lower and looking for guidance from Friday’s NFP report. Gold hit new highs. Recommended by Nick Corey Get Free USD Forecast Fed Chairman Jerome Powell gave little market reaction on Wednesday in the […]
Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY – DailyFX
Most read: The US dollar falls, and the Fed’s resolve is called into question. USD/JPY, USD/CAD settings before NFP Thursday’s meeting of the European Central Bank (ECB) is likely to be a calm one, with markets widely expecting interest rates to remain unchanged for the fourth consecutive time. For this reason, investors should closely monitor […]
Gold Prices Surge Ahead of Key US Data, All-Time High in Sight – DailyFX
Gold (XAU/USD) analysis Gold prices soar ahead of major US economic indicators Gold continues to rack up gains over the past two trading sessions, when the precious metal rose just under 3.5%, or $70. Gold prices are not far from the all-time highs hit last December, and the recent rise in volatility has some in […]
Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk – DailyFX
USD/JPY analysis, charts, prices JPY price,charts,analysis Verbal intervention from the central bank pushes up the Japanese yen. US PCE (13:30 UK) will be the next driver for USD prices. Download our free technical and fundamental Japanese Yen guide for Q1 2024 Recommended by Nick Corey Get Free JPY Forecast Hajime Takada, a board member of […]
US Dollar Trims Early Gains After US Q4 GDP Report, Gold Nudges Higher – DailyFX
US dollar and gold analysis and price The U.S. economy remained strong in the fourth quarter of 2023. After the announcement, the US dollar fell and gold rose slightly. Recommended by Nick Corey Get Free USD Forecast The second forecast released today showed that the U.S. economy expanded steadily at 3.2% in the fourth quarter, […]