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Gold and silver analysis: XAG/USD nears major support
Precious metals have been hit by profit-taking, strong USD and reduced rate cut bets in recent weeks. However both gold and silver remain in dip-buying mode, with prices no longer extremely overbought. Silver technical analysis suggests that XAG/USD could rebound from breakout area circa $25/$26 zone.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD is rising post-Fed on USD weakness. USD/JPY steadies after another suspected intervention.
Gold forecast: Upside potential in focus as USD mulls a pullback
The break above $2300 for gold was accompanied by strong volumes, and with the US dollar mulling a pullback it could benefit gold further over the near term.
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Gold and silver analysis: XAG/USD nears major support
Today 12:16 PM
EUR/USD, USD/JPY Forecast: Two trades to watch
Today 08:17 AM
Gold forecast: Upside potential in focus as USD mulls a pullback
Today 04:23 AM
WTI crude oil forecast: Key moment looms with bullish uptrend under threat
Today 04:02 AM
Another BOJ intervention may have just stole the show from the Fed
Yesterday 10:19 PM
WTI crude oil forecast: Key moment looms with bullish uptrend under threat
WTI crude was looking suspect even before Wednesday’s significant swoon, leaving the price teetering on key uptrend support dating back to the Fed’s rate cut pivot in December. Should it give way, there’s not standing between a larger flush to the mid-$70 per barrel region.
Another BOJ intervention may have just stole the show from the Fed
It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention.
FOMC Meeting Recap: US Dollar (DXY) Drops as Powell Feeds the Doves
The US dollar initially fell and indices rose as traders interpreted the Fed meeting and press conference as dovish.
EUR/USD analysis: US dollar in focus as attention turns to FOMC and NFP
US dollar is in sharp focus as investors' attention turn to FOMC policy decision next and NFP data on Friday, after the ISM Manufacturing PMI and JOLTS jobs opening data disappointed expectations.
Nasdaq 100 Forecast: QQQ falls despite AMZN earnings & ahead of the Fed
US stocks are pointing to a lower start in cautious trade ahead of the Federal Reserve interest rate decision. The Fed is expected to leave rates unchanged as inflation rose across the first quarter and as the jobs market remains resilient. ADP payrolls were stronger than expected. Fed jitters are overshadowing results from Amazon, which beat forecasts.
US dollar analysis: DXY faces crucial test with FOMC, NFP and PMI data ahead
US dollar analysis: Attention turns to ISM manufacturing PMI ahead of Fed meeting later. The key question is how will the dollar react to the FOMC policy decision as most of the hawkishness is priced in, with more key data coming up on Friday? For now, Dollar Index technical analysis suggests the greenback may be heading further higher.
WTI Crude Oil Charts: Oil Demand vs FOMC Statement
WTI Crude Oil takes a dive as market anticipations steer the wheel towards lower demand expectations
GBP/USD, USD/JPY Forecast: Two trades to watch
GBP/USD falls ahead of the Fed. USD/JPY pair extends its rebound ahead of the Fed & after Japanese manufacturing PMI data.
EUR/USD, USD/JPY key levels heading into ISM, employment, FOMC
The US dollar has rallied on anticipation of a more hawkish Fed ahead of today's meeting. So we take a look at key levels for EUR/USD and USD/JPY.
NZD/USD, AUD/NZD: New Zealand recession is hammering the jobs market, inflation next
New Zealand’s unemployment rate jumps more than expected despite a collapse in labour force participation, putting the Reserve Bank of New Zealand closer to cutting interest rates before the US Federal Reserve. NZD/USD fell sharply while AUD/NZD rose to new cycle highs.
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