Author: FX
USD/JPY & GOLD PRICE OUTLOOKGold prices and the Japanese yen have performed poorly in recent days after a strong run in the last few weeks of 2023Near-term direction for both assets will likely depend on U.S. inflation data due for release on ThursdayThis article examines the technical outlook for XAU/USD and USD/JPY, analyzing critical levels to monitor in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: EUR/JPY and GBP/JPY Veer Off Bullish Path after Hitting Resistance. What Now?Gold prices and…
A bitcoin ETF hasn’t been approved yet but all signs point to an announcement on Wednesday and trading as soon as Thursday.This will lead to something of a frenzy on CNBC with advertisers of the 11 prospective ETFs vying for supremacy in what will surely be a winner-take-all market.How much money flows into those ETFs will determine what happens next to bitcoin. Here are eight things to consider:1) Beware the smokescreen effectThe long history of ETFs shows it’s a winner take all market. Ultimately there will be one bitcoin ETF to rule them all as money gravitates to liquidity when…
Share: Fresh demand for the greenback put the risk-linked universe under extra downside pressure against the backdrop of rising cautiousness prior to the publication of US inflation figures measured by the CPI. Moving forward, inflation prints in Australia will gather all the attention early in the session, while BoE Governor A. Bailey is due to speak in the European afternoon. Here is what you need to know on Wednesday, January 10: Fresh demand for the greenback supported a marked bounce in the US Dollar Index (DXY) to the 102.70 zone, or two-day highs, despite the directionless stance in…
For a comprehensive analysis of the euro’s medium-term prospects, request a copy of our Q1 forecast! Recommended by Diego Colman Get Your Free EUR Forecast EUR/JPY TECHNICAL ANALYSISEUR/JPY regained lost ground last week after bouncing off trendline support and the 200-day simple moving average, but its recovery stalled when prices failed to clear a major ceiling around the 158.75 mark, a rejection that triggered a modest pullback in recent sessions.While the longer-term outlook for the pair remains constructive, prolonged trading below 158.75 could signal an exhaustion of upside momentum, a condition that could usher in a move towards 156.75. Continued…
Tesla reduces driving ranges as EPA strengthens testing rules Source link
© Reuters. Michael Saylor Endorses Bitcoin Using Stephen King’s ‘Shawshank Redemption’ U.Today – Vocal evangelist, founder and former chief executive of has taken to X to endorse Bitcoin in an unusual manner. Saylor adds his Bitcoin message to movie extractUnlike his usual images, most likely produced by an AI-powered app, this time, Saylor used a short extract from the classic “Shawshank Redemption” Frank Darabont movie adopted from ’s novel “Rita Hayworth and Shawshank Redemption.”In Saylor’s video, Andy Dufresne puts on a gramophone record and, instead of the opera, he starts listening to…Michael Saylor endorsing Bitcoin as the “best crypto asset,”…
EUR/USD AnalysisSentiment data vs hard data: a tough time ahead for EuropeEUR/USD hints at ST decline within broader LT uptrend, US CPI nextEUR/USD responding to moves in US equities, strong correlation exhibitedThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education librarySentiment Data vs Hard Data: A Tough Time Ahead for EuropeYesterday’s sentiment data broadly showed improvement, in line with what had been witnessed towards the latter stages of 2023. In addition, inflation expectations and general perceptions of future price pressures edged higher. These may seem like…
The 2nd verse, is same as the 1st…The USDCHF fell in the early European session but found willing sellers against the local yesterday nearly 0.8459. The low price today reached 0.8463. The subsequent move to the upside stalled at 0.8519 which was near the high prices from yesterday at the same level.So the load today is nearly low from yesterday. The high today is near the high from yesterday. The 2nd versus is the same as the 1st (or close enough). Going forward, it would take a move above 0.8519 to increase the bullish bias, or a move below 0.8459…
Share: EUR/USD drifts back to low 1.09s. Economists at Scotiabank analyze the pair’s outlook. The short-term trend remains lower The EUR is carving out a broad consolidation range on the chart following the late December/early January slide against the USD. Friday’s volatility clouds the short-run outlook to some extent but, outside of a move back above 1.10, the short-term trend in spot remains lower – albeit amid slack trend momentum. Minor support at 1.0930 is under pressure. Weakness through here should see spot retest the upper 1.08s. Source link
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nikkei 225, Hang Seng Analysis and Charts Recommended by IG Building Confidence in Trading Dow rallies once moreMonday saw the index rebound from the lows of the session, clawing back losses from the final two sessions of last week.A push to new record highs may well now develop, and beyond this the 38,000 level comes into view. This cancels out a short-term negative view and revives the uptrend, albeit at a potentially overextended level.A reversal back below 37,250 would be needed to revive the short-term negative view.Dow Jones Daily ChartNikkei 225…