Author: FX

Can’t get enough of trend plays? AUD/USD looks set to extend an uptrend that it started in November last year! Check out the 4-hour chart with us and see if you can grab pips from the setup: AUD/USD 4-Hour Forex Chart by TV If you’ve been watching commodity-related currencies like the Australian dollar, then you’ll know that AUD/USD has been showing us higher highs and higher lows since late November after the pair bounced from the .6300 major psychological handle. And we don’t even have to look far for answers. The Fed shifting its monetary policy stance from uber hawkish…

© Reuters. FILE PHOTO: Staff members of Bank of Japan walk between the BOJ headquarters buildings in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Leika Kihara TOKYO (Reuters) -The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2% target and is accompanied by sustained wage growth, the OECD said on Thursday. While the BOJ made tweaks to its yield curve control (YCC) last year to loosen its tight grip on long-term interest rates, markets could challenge the policy again if inflation remains above…

Barclays with comments on the Federal Open Market Committee (FOMC) and equity markets for the year ahead. Analysts at the banks say the market is correct in looking for rate cuts, but is too optimistic:“Although the rate cuts priced in the US look too aggressive to us absent a deep recession, we agree that the direction of travel is towards lower rates”Analysts look for equities to see some upside in 2024, but limited gains:“We expect a higher, yet more sober, equity market in 2024. Post an exceptional year-end rally, the bar for positive surprises has been raised Cyclicals look toppishit’ll…

Share: USD/CAD drifts lower for the second straight day and is pressured by a combination of factors. An uptick in Oil prices underpins the Loonie and weighs on the pair amid subdued USD demand. The downside potential seems limited as traders keenly await the release of the US CPI report. The USD/CAD pair remains under some selling pressure for the second straight day on Thursday and moves further away from a nearly four-week high, around the 1.3415 region touched on Tuesday. Spot prices currently trade around the 1.3365-1.3360 area, down just over 0.10% for the day, as traders…

GOLD PRICE, NASDAQ 100, US DOLLAR FORECAST:The December U.S. inflation report will steal the limelight on ThursdayWhile core CPI is seen moderating on a year-over-year basis, the headline gauge is expected to reaccelerate, creating a headache for the FedGold prices, yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the consumer price index data Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar, Yields Mixed Before US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100Wall Street will be on high…

Sky_Blue Stopping or slowing the approval of U.S. liquefied natural gas exports would endanger U.S. allies in Europe and Asia, the American Petroleum Institute said Wednesday at its annual gathering in Washington. API President Mike Sommers issued the warning in response to recent reports the Biden administration is considering whether to factor climate change criteria in approvals for LNG terminals or expansions. “The continued signals from this administration and the policies they are pursuing – we have real concerns that is sowing the seeds for the next energy crisis,” Sommers told Bloomberg in an interview. The API advocates faster permitting…

© Reuters. FILE PHOTO: ‘X’ logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo By Zeba Siddiqui and Raphael Satter SAN FRANCISCO/WASHINGTON (Reuters) – The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by billionaire Elon Musk in 2022. The hackers posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, leading the cryptocurrency’s price to…

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Share: The Euro is broadly higher on Wednesday, gaining ground across the board. ECB’s de Guindos noted that the Eurozone could be in a technical recession. Still-firm Unemployment Rate bolstering Euro even as it swamps out ECB rate cut hopes. The Euro (EUR) saw thin but insistent broad-market gains on Wednesday, climbing against the rest of the major currency bloc in thin markets on equally thin data, with Tuesday’s Eurozone Unemployment Rate continuing to bolster the Euro as investors shrug off bearishly cautionary statements from European Central Bank (ECB) policymakers. Europe saw its November Unemployment Rate tick lower…

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