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EUR/USD, gold key levels heading into US inflation, FOMC
The incoming US inflation report and FOMC meeting are highly anticipated events, as they can shape expectations for Fed policy beyond 2026. Volatility is expected, so we look at key levels for EUR/USD and gold ahead of these events.
USD/JPY, USD/CAD implied volatility perks up, BOC and ISM up next
Today's BOC rate decision and an ISM report for the US places USD/CAD on volatility alert, alongside USD/JPY.
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USD could rally if CPI doesn’t soften from elevated levels: EUR/USD, AUD/USD
The US dollar continued to weaken ahead of today's US CPI report, helping EUR/USD and AUD/USD move towards key resistance levels. Yet traders will require a soft set of inflation figures for the pairs to stand any chance of breaking resistance.
GBP/USD key levels into BOE, silver considers its next breakout
The big question for today is if the BOE will satisfy bearish market positioning with enough dovish talk to prevent shorts from covering, and inadvertently sending GBP/USD higher.
USD/JPY, GBP/USD, gold forecast: Technical levels for May 8, 2024
GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.
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.
GBP/USD, EUR/USD forecast: Here’s why the US dollar rally has stalled
The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.
EUR/USD, DAX may be down – but they’re not fully out
The US dollar has dominated sentiment for markets this past week, but with signs of momentum waning there may be hope for a rebound on EUR/USD and DAX - even if only minor.
EUR/USD, DAX forecast: ECB, US PPI and Fed speakers on tap
All eyes are on today's ECB meeting, Fed speakers and US PPI figures to see if it can drive ERUR/USD lower or spark a rebound, after it suffered its worst day in 13 months on Wednesday.
GBP/USD, gold in focus for US PPI, retail sales: European Open
GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.
DAX futures, Nikkei 225 hit record highs: European open
It was a lively session for equity traders in Asia on Thursday, with the Nikkei 225 and DAX futures hitting record highs. The Nikkei made its inevitable run to 39k and touched a record high, by a cat's whisker.
EUR/USD: Dangling precariously as supports give way
There’s now a very real possibility the ECB will cut interest rates earlier and more aggressively than the US Federal Reserve this year, putting EUR/USD under the pump and eyeing more downside.
Crude oil drifts into pivotal level, bears circle gold: European Open
WTI crude is trying to rise for a third day in line with my bullish bias, although resistance nearby hints at a pullback at the least. Momentum for gold has turned lower, and it looks like bears may not quite be done yet.
EUR/USD, GBP/USD extend NFP losses, focus now on ISM, Fed and BOE
The US dollar extended Friday's NFP gains in Asia's Monday trade. But with an ISM services report and central bankers on tap, EUR/USD and GBP/USD show the potential to recoup some of their earlier losses.