US Dollar in Freefall Heading into 2024. What Now for EUR/USD, GBP/USD, Gold?
This article examines the technical profile for EUR/USD, GBP/USD and gold (XAU/USD) after U.S. PCE encouraging data, analyzing major price thresholds heading into the last week of the year.
US PCE Price Index Declines Adding Further Pressure on the DXY as Gold Rises to $2070/oz
US data continues to show signs of slowing down with today’s PCE print likely to fuel rate cut expectations. Gold advances toward key resistance area.
Euro (EUR) Posts a Fresh Multi-Month High Ahead of US Inflation Report
A weak US dollar is enabling EUR/USD to press ever higher and if today’s inflation report shows US price pressures easing further, the EUR/USD rally may continue into the year-end.
FTSE 100 Slips as UK on the Brink of Recession while DAX 40 Flatlines
Outlook on FTSE 100 and DAX 40 ahead of Christmas holiday.
USD Price Forecast: DXY Faces Barrage of US Data
USD prices trade at a major area of confluence that has held firm since May 2021 as core PCE deflator, durable goods orders and Michigan consumer sentiment looms.
US Dollar Sinks, Holds on For Dear Life, Setups on Gold, EUR/USD, GBP/USD
This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day
USD/JPY Price Forecast: USD/JPY May Struggle to Find Acceptance Below the 142.00 mark
USD/JPY tested key support today at 142.00 but a failure to break this level tomorrow could lead to a recovery. Will US PCE data prove to be a much-needed catalyst?
Russell 2000 Rises Toward Key Fibonacci Resistance. Will It Break Out This Time?
This article analyzes the technical and fundamental outlook for the Russell 2000 and examines the main variables that could determine near-term price developments.
US Q3 GDP Revised Lower Dragging the Dollar Index Along, Gold Rises
Final reading of Q3 2023 GDP shows US economy grew by 4.9%, downwardly revised from the 2nd estimate of 5.2%. Another positive which adds to rate cut expectations but PCE data tomorrow holds the key.
Dow, Nasdaq 100 and Nikkei 225 Steady after Wednesday’s Losses
Indices hit a brief bout of volatility yesterday, jolting them out of their quiet move higher for a time.