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Euro (EUR/USD) Weekly Outlook: Important GDP, Jobs and Inflation Data on the Docket Next Week

After a neutral ECB meeting on Thursday, next week sees some heavyweight EU economic data hit the screens including GDP, Inflation, and Jobs.

Forex

27 Jan 2024

Bitcoin breaks past $42k, hitting a five-day high

The price of Bitcoin surpassed $42,000 on Jan. 26 amidst significant spot Bitcoin ETF flows and an upgrade to Coinbase’s stock rating. Bitcoin (BTC) was valued at $42,040.36 with a market cap of $824.4 billion at 8:05 pm UTC on Friday. That marks 5.3% growth over 24 hours. Bitcoin’s current price also represents a five-day […]
The post Bitcoin breaks past $42k, hitting a five-day high appeared first on CryptoSlate.

Cryptocurrency

26 Jan 2024

British Pound Weekly Forecast: Could BoE Sound More Comfy With Rate Cuts?

The Pound and the Dollar will both look to their respective central banks this week. Market rate pricing probably poses the biggest risk.

Forex

26 Jan 2024

USD/JPY in Consolidation Stage but Fed Decision May Spark Big Directional Move

This article focuses on the USD/JPY technical outlook ahead of the Fed decision, highlighting important price levels that could serve as resistance or support in the near term.

Forex

26 Jan 2024

Big Week Ahead: FOMC, BoE, Mega-Cap Earnings and NFP

Major central banks provide updates on policy in the same week we get heavy hitting earnings data from Alphabet, Microsoft, Apple and Amazon. US non-farm payroll data rounds off the week

Forex

26 Jan 2024

US Breaking News: PCE Reveals Steady Progress Towards Fed’s 2% Target

Core US PCE data made progress but the PCE Price Index remained at 2.6%. USD price action has been contained ahead of a massive week on the economic calendar front

Forex

26 Jan 2024

Positive Week for FTSE 100, CAC 40 and S&P 500

Outlook on FTSE 100, CAC 40 and S&P 500 as most global equity indices, except those in China, trade close to multi-decade or record highs.

Forex

26 Jan 2024

Euro (EUR/USD) Under Pressure as Markets Push the ECB to Start Cutting Rates Earlier

The ECB left its monetary policy unchanged yesterday, and reiterated that rates cuts were data dependent, but the market seems to have different ideas.

Forex

26 Jan 2024

US Dollar Forecast: Core PCE to Set Tone, Setups on EUR/USD, GBP/USD and Gold

This article delves into the technical prospects of the U.S. dollar, with a specific focus on analyzing price action dynamics for EUR/USD and GBP/USD. Additionally, the technical outlook for gold is thoroughly examined.

Forex

25 Jan 2024

Gold Price Forecast: Core PCE Data to Guide Markets ahead of Fed Decision

This article focuses on gold’s outlook, analyzing important price levels that could serve as technical resistance or support in the coming trading sessions ahead of the Fed decision next week.

Forex

25 Jan 2024

ECB to Have Little Effect While Traders Eagerly Await US GDP

It's all about the ECB and US GDP today. ECB President Christine Lagarde will likely be probed further about her Davos comments where she teased a rate cut in the summer and will US data continue to outshine Europe and the UK?

Forex

25 Jan 2024

US Dollar Mixed As GDP Data Smash Forecasts, Gloomy ECB Stands Pat

The United States Dollar was remarkably steady through a fascinating session of economic data on Thursday, suggesting perhaps that all the market cares about at this point is what the Federal Reserve will make of it all.

Forex

25 Jan 2024

ECB Leaves Interest Rates Unchanged, EUR/USD Listless Ahead of Press Conference and US Q4 GDP

The European Central Bank (ECB) played a straight bat at today’s policy announcement, leaving all rates unchanged and giving little away. A currently lackluster EUR/USD needs another driver.

Forex

25 Jan 2024

Dow Drifts Down, while Nasdaq 100 Holds Firm and Hang Seng Rebound Continues

While the Dow is shedding some ground and the Nasdaq 100 is holding near its record high, the recovery in the Hang Seng continues.

Forex

25 Jan 2024

USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

The Bank of Canada expressed that interest rates have most likely plateaued but tempered expectations of aggressive cuts by highlighting remaining core price pressures

Forex

25 Jan 2024

US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD

This article examines the U.S. dollar technical outlook, with a focus on three major FX pairs: EUR/USD, USD/JPY and GBP/USD.

Forex

24 Jan 2024

USD/JPY Price Update: Uptick in Japanese Government Bonds Lifts the Yen

Positive statements from the BoJ Governor Ueda and an uplift in government bonds provides the Japanese Yen with a lift ahead of high importance US data

Forex

24 Jan 2024

US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next

The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days.

Forex

24 Jan 2024

Netflix and Alibaba drive early risk-on move, UK PMIs beat expectations boosting Sterling

Netflix and Alibaba drive early risk-on move, UK PMIs beat expectations boosting Sterling.

Forex

24 Jan 2024

FTSE 100 in Recovery Mode while DAX 40 and S&P 500 Surge Ahead

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of key US data out later in the week.

Forex

24 Jan 2024

British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest

UK services activity continues to pick up, according to the latest S&P Global PMIs, and that is giving Sterling a boost in the FX market

Forex

24 Jan 2024

Euro Holds Up Despite More Shaky PMIs, ECB Rate Decision Up Next

The Euro managed to hold gains against the United States Dollar on Wednesday despite more worrying news from the Eurozone economy.

Forex

24 Jan 2024

AUD Price Update: Aussie Mulling Latest Chinese Stimulus, AUD Contained

The latest stimulus measure out of China aims to free up bank reserves amid a rout in the local stock market. Aussie dollar contained after the Netflix miss as S&P 500 holds up

Forex

24 Jan 2024

Gold Wavers, GBP/USD Forges Symmetrical Triangle, Russell 2000 Eyes Breakout

In this article, we provide a technical analysis of gold, GBP/USD, and the Russell 2000, focusing on key price levels that could act as support or resistance in the upcoming trading sessions.

Forex

23 Jan 2024

US Dollar Forecast – Technical Analysis on EUR/USD, USD/JPY, USD/CAD

This article examines the technical outlook for EUR/USD, USD/JPY and USD/CAD, evaluating crucial price points that demand attention in the upcoming trading sessions.

Forex

23 Jan 2024

Gold and Silver Continue to Struggle, Heavyweight US Data Releases Later this Week

Pared back US rate cut expectations continue to dampen the outlook for gold and silver. Will US data spark a revival in the precious metals?

Forex

23 Jan 2024

BoJ Keeps Policy Settings Unchanged as Markets Await Big US Data

The Bank of Japan voted to keep all policy settings unchanged but Governor Ueda kept hopes of a Q2 hike alive after stating the probability of reaching the inflation target is increasing. Markets look ahead to big US earnings reports, Q4 GDP and PCE data

Forex

23 Jan 2024

Crude Oil Prices Retrace Despite News of More US/UK Strikes in Yemen

Crude Oil Prices returned some modest early gains in Europe on Tuesday with the market still hovering between various geopolitical worries and concerns about real, end-user demand for energy.

Forex

23 Jan 2024

Pound Sterling Price Action Setups: GBP/USD, EUR/GBP, GBP/JPY

Reduced budget deficit in December puts tax cuts back on the agenda before the Spring Statement. Sterling could continue its rise with the help of improving PMI data

Forex

23 Jan 2024

Dow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound

US markets are in solid form ahead of major tech earnings this week, and even the Russell 2000 has rediscovered its bullish momentum.

Forex

23 Jan 2024