DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Drop Tests 7-Month Uptrend as Key US Inflation Data Looms

Posted: 27 Jan 2022 11:30 PM PST

Gold prices are threatening to break the bounds of a 7-month uptrend after a hawkish Federal Reserve triggered two days of heavy losses. Key US PCE inflation data looms ahead.

DXY Dollar Index Leaps to New Highs on a Hawkish Fed. Will USD Keep Going North?

Posted: 27 Jan 2022 10:00 PM PST

The US Dollar has rallied on the back of rising yields as expectations for rate hikes from the Fed continue to build. Where to for the DXY index?

Euro Forecast: EUR/USD Rate Turns to US PCE after Lowest Close Since June 2020

Posted: 27 Jan 2022 08:30 PM PST

The Euro has closed at its lowest against the US Dollar since June 2020 in the aftermath of a more hawkish Federal Reserve. Will EUR/USD extend losses on incoming PCE data?

NZD/USD Rate Eyes September 2020 Low as RSI Sits in Oversold Territory

Posted: 27 Jan 2022 05:30 PM PST

NZD/USD may attempt to test the September 2020 low (0.6512) as the Relative Strength Index (RSI) sits in oversold territory.

Bitcoin Selloff Eases Amid Broader Weakness, but Bear Flag Forms Casting Doubt on Recovery

Posted: 27 Jan 2022 04:00 PM PST

Bitcoin is struggling to gain ground after Wall Street surrendered early gains, which pushed haven flows into the US Dollar. The APAC session may see another risk-off move to end the week.

S&P 500 Gives Back Premarket Gains in Choppy Session, Apple Earnings Beat

Posted: 27 Jan 2022 02:30 PM PST

The S&P 500 gave back overnight gains in a choppy session as market participants looked to Apple earnings after the closing bell.

Nasdaq 100 Sheds Gains as Traders Sell the Rip amid Hawkish Fed Policy Outlook

Posted: 27 Jan 2022 01:30 PM PST

The Nasdaq 100 gives up gains and ends the day sharply lower as traders become increasingly concerned about the Fed policy outlook and its implications for valuations and the economy

USD/CAD Rallies Toward Monthly High Ahead of US PCE Report

Posted: 27 Jan 2022 12:00 PM PST

Fresh data prints coming out of the US economy may push USD/CAD towards the monthly high (1.2814) as inflation is expected to increase for the fourth consecutive month.

Bitcoin Setup – BTC/USD Crawls Along Support After Hawkish Fed

Posted: 27 Jan 2022 10:30 AM PST

Bitcoin (BTC) prices have recovered slightly after failing to breach $32,000. With the Fed rate decision on the horizon, key technical levels remain intact.

Options Trader Fauzia Timberlake Turns Market Hobby into Business

Posted: 27 Jan 2022 09:30 AM PST

How Fauzia Timberlake pivoted from software engineer to stay-at-home mom to successful options trader and trading coach.

How to Manage Fear and Greed in Trading

Posted: 27 Jan 2022 08:30 AM PST

Fear and greed, two drivers that influence our lives, can carry over to trading and be detrimental.

Gold Price Forecast: Gold Goes Reversal, 1800 Snap Back on FOMC

Posted: 27 Jan 2022 07:00 AM PST

Gold prices continued to breakdown through FOMC yesterday but a lifeline appears to have shown at the 1800 handle. Can bulls hold on - or is resistance going to play-in off of 1815?

British Pound Technical Analysis: GBP/USD Nosedives After Fed Meeting

Posted: 27 Jan 2022 06:30 AM PST

The British Pound (GBP) continues to decline against the greenback after hawkish Fed press boosts demand for the safe-haven Dollar

GDP Growth Surpassed Expectations Despite Omicron

Posted: 27 Jan 2022 06:00 AM PST

GDP's annual growth rate is 6.9% for Q4 of 2021 despite the surge of Omicron, beating median 5.5% estimates.

Expected SARB Hike Comes to Fruition at 4%, USD/ZAR Subdued

Posted: 27 Jan 2022 05:43 AM PST

The MPC has unsurprisingly decided to increase the repo rate by 25bps from 3.75% to 4%. USD/ZAR reaction muted after markets priced in rate hike.

Short BTC/USD – Will Bears Dominate in 2022? : Top Trade Q1 2022

Posted: 27 Jan 2022 04:00 AM PST

The downward trajectory of Bitcoin currently remains intact as market participants continue to price in fundamentals.

EUR/USD Hit After Fed Hawkish Confirmation

Posted: 27 Jan 2022 03:35 AM PST

EUR/USD continued its earlier decline after Fed hawkish confirmation yesterday. The pair now highlights some major lows around 1.10 and possibly lower.

Post-FOMC Market Latest: S&P 500, FTSE 100 Rebound, USD Remains Bid, Gold Slides

Posted: 27 Jan 2022 02:30 AM PST

Financial markets are pulling back most of the post-FOMC sell-off with risk markets back in favor. The US dollar remains bid ahead of today's US Q4 GDP release.

Gold Q1 2022 Fundamental Forecast: Gold Fundamental Outlook Proves Mixed

Posted: 27 Jan 2022 02:30 AM PST

While posting a modest positive performance in the final quarter of 2021, the shift by several central banks to begin withdrawing pandemic-era stimulus efforts had begun to weigh on longer-term inf...

US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying

Posted: 27 Jan 2022 01:20 AM PST

Uber Hawkish Powell and Watch Out For Possible USD Month-End Rebalancing Flows
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