Author: FX
Gold Price, Charts, and AnalysisFed speakers may provide fresh market guidance.The precious metal remains supported. Recommended by Nick Cawley Get Your Free Gold Forecast Most Read Gold Price Latest – $2,000/oz. Support Stands Firm as US Inflation Report NearsFor all market-moving data releases and events, see the DailyFX Economic CalendarGold starts the week on the front foot after testing $2k support in the last couple of sessions. The precious metal continues to respect this level and with little in the way of high-impact economic data on the calendar this week, traders will look to commentary from a host of Federal…
Lightning eMotors delay results Source link
China, one of Australia’s largest trading partners, is dropping another set of economic data! Not only that, but the FOMC gang will be all over our charts this week as a couple of members share their policy biases and maybe give clues on their next voting decisions. Will this week’s events push AUD/USD from its range? Or will the pattern hold? Before you check out the setup, make sure you know all of last week’s major market movers as well as this week’s potential market catalysts! AUD/USD 4-hour Forex Chart by TV Last week was NOT a good week for…
The key theme in markets right now is a balancing act by central banks between inflation and the economy, as they also seek to bring an end to rate hikes. For the most part, markets are convinced that the tightening cycle is coming to a close and that we could even get rate cuts before year-end.So, in order to validate or invalidate that assumption, it all comes down to big data. As such, we are in a situation where the narrative will slowly develop as we move through each and every key economic release or risk event. Here’s the ones…
Share: EUR/USD is needed a decisive break above 1.0860 for a confident recovery as the market mood is turning cheerful. US President Joe Biden is set to meet Republican leaders for further negotiations on raising the borrowing cap on Tuesday. The pace of Eurozone GDP is seen unchanged on a quarterly and an annual basis at 0.1% and 1.3% respectively. The EUR/USD pair attempted a rebound move from 1.0850 but has struggled in extending recovery above 1.0863 in the Asian session. The major currency pair is making efforts for extending recovery as the US Dollar Index (DXY) has…
There are no major central banks sharing monetary policy decisions this week but that doesn’t mean that traders won’t try to price in their expectations! This week we’ll see more data from China, the latest labor market readings from the U.K. and Australia, and a slew of FOMC member speeches that may provide clues on their June decision. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the economic calendar this week: China’s Data dump As mentioned in the…
US Dollar, DXY Index, USD, EUR/USD, Federal Reserve, Biden, Yellen, – Talking pointsThe US Dollar has rallied with support from Treasury yieldsThe debt ceiling is circling as a key issue this week with uncertainty remainingWhile USD has gained across the board, EUR/USD might be vulnerable Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US Dollar reclaimed the ascendency last week with the DXY index notching up its largest weekly gain since September last year.The DXY index is a US Dollar index that is weighted against…
Trend following and trend reversal strategies are good techniques for traders to make money out of the forex market. This is because if the market does trend, trend following traders could earn so much more than the risk they placed on the trade. Identifying such trend reversals may be difficult, however, the yields that traders could gain whenever they get it right is very appealing. Traders may have an accuracy of less than 50% yet could gain profits three to four times more than their average losses, the result would still be a profitable trading account. Traders who could significantly…
© Reuters. Investing.com – U.S. stock futures were trading lower during Sunday’s evening trade, after the and both capped their second consecutive weeks of decline as. By 7:20pm ET (11:20pm GMT) and were down 0.2% while lost 0.3%. In the week ahead, market participants will be closely monitoring, the and manufacturing indexes, , , , and as well as key speeches from , , , , , , , , , and . Among earnings, companies scheduled to report quarterly results include Home Depot Inc (NYSE:), Take-Two Interactive Software Inc (NASDAQ:), Walmart Inc (NYSE:), Cisco Systems Inc (NASDAQ:) and Applied…
Aristocrat Leisure agrees to buy NeoGames for $29.50 a share in cash Source link