USD/JPY Q1 Technical Forecast: Will the US Dollar Downtrend Endure?

USD/JPY Q1 Technical Forecast: Will the US Dollar Downtrend Endure? The preceding quarter saw USD/JPY power up to highs not previously seen since mid-1990, thanks largely to those fundamental, interest-rate differentials.


https://www.dailyfx.com/news/forex-usd-jpy-q1-technical-forecast-will-the-us-dollar-downtrend-endure-20231231.html?utm_source=dlvr.it&utm_medium=blogger

Short GBP/USD - Going Against the Grain: Top Trade Q1, 2024

The British pound enters 2024 on a relatively strong footing against the USD after markets reacted ‘dovishly’ to the Federal Reserve’s more accommodative messaging in the last FOMC announcement.


https://www.dailyfx.com/news/forex-short-gbp-usd-going-against-the-grain-top-trade-q1-2024-20231231.html?utm_source=dlvr.it&utm_medium=blogger

Crude Oil Q1 Fundamental Forecast: US Rate Cut Hopes Offer Support Amid Demand Worries

Oil prices hit their highest level of 2023 in September but have declined very sharply since, with shaky economic data keeping markets fretting about the demand outlook.


https://www.dailyfx.com/news/crude-oil-q1-fundamental-forecast-us-rate-cut-hopes-offer-support-amid-demand-worries-20231231.html?utm_source=dlvr.it&utm_medium=blogger

Coinbase (COIN) – Growing Tailwinds as Cryptocurrency Interest Swells?

Coinbase, the largest cryptocurrency exchange in the US, has seen its shares perform strongly in the second half of this year, rallying from around $46 in early June to a current level of $150.


https://www.dailyfx.com/news/coinbase-coin-growing-tailwinds-as-cryptocurrency-interest-swells-20231231.html?utm_source=dlvr.it&utm_medium=blogger

Euro Q1 Technical Forecast: A Mixed Picture

EUR/USD closed out 2023 on a positive note, recovering a sizeable chunk of the decline witnessed in the second half of the year. The medium-term trend appears bullish but yield differentials will struggle to motivate a prolonged period of upside potential.


https://www.dailyfx.com/news/forex-euro-q1-technical-forecast-a-mixed-picture-20231231.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin Q1 Fundamental Outlook – Positive Tailwinds on the Horizon

Bitcoin goes into the first quarter of 2024 with two specific events set to determine price action in Q1 – a spot Bitcoin Exchange Traded Fund (ETF) and the run-up into the latest Bitcoin ‘halving’ event.


https://www.dailyfx.com/news/bitcoin-q1-fundamental-outlook-positive-tailwinds-on-the-horizon-20231230.html?utm_source=dlvr.it&utm_medium=blogger

Bullish Gold: Top Trade Q1 2024

There are several factors influencing gold’s price that appear to be pulling in the same direction ahead of Q1 of 2024. These help to form the trading thesis and are outlined in the rest of this article along with technical considerations.


https://www.dailyfx.com/news/bullish-gold-top-trade-20231230.html?utm_source=dlvr.it&utm_medium=blogger

Australian Dollar Technical Forecast: AUD/USD Enters Q1 at Key Resistance

This article presents an in-depth analysis of the Australian dollar’s outlook for the first quarter, providing valuable insights into price action dynamics and market sentiment.


https://www.dailyfx.com/news/forex-australian-dollar-technical-forecast-aud-usd-enters-q1-at-key-resistance-20231230.html?utm_source=dlvr.it&utm_medium=blogger

Q1 Top Trade: Bullish Russell 2000 as Soft-Landing Scenario Gets Traction

This article analyzes the technical and fundamental outlook for the Russell 2000 for the first quarter of 2024, examining the main variables that could determine its medium-term prospects.


https://www.dailyfx.com/news/bullish-russell-2000-as-soft-landing-scenario-gets-traction-20231229.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Q1 Forecast: Can the BoE Temper UK Rate Cut Expectations?

This article delves into the fundamental outlook of the British pound, offering an exhaustive analysis of its medium-term prospects. The piece also discusses crucial risk factors that could steer sterling’s trend in the first quarter of 2024.


https://www.dailyfx.com/news/british-pound-q1-forecast-can-the-boe-temper-uk-rate-cut-expectations-20231229.html?utm_source=dlvr.it&utm_medium=blogger

The Collapse of Central Bank Forward Guidance

2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections.


https://www.dailyfx.com/news/the-collapse-of-central-bank-forward-guidance-20231228.html?utm_source=dlvr.it&utm_medium=blogger

Mastering Risk Aversion: A Day Trader’s Top Lesson Learned

Another year and another lesson learned. As a day trader navigating the fast-paced and volatile world of financial markets, one crucial lesson stands out above the rest in 2023: mastering risk aversion.


https://www.dailyfx.com/news/forex-mastering-risk-aversion-a-day-trader-s-top-lesson-learned-20231228.html?utm_source=dlvr.it&utm_medium=blogger

Oil Price Forecast: Oil Slides on Conflicting Red Sea Reports, EIA Numbers Ahead

Oil prices have faced renewed selling pressure over the past two days, sliding around 2.6% at the time of writing. Is a retest of the $70 a barrel mark on the cards?


https://www.dailyfx.com/news/oil-price-forecast-oil-slides-on-conflicting-red-sea-reports-eia-numbers-ahead-20231228.html?utm_source=dlvr.it&utm_medium=blogger

AUD/USD Price Forecast: Aussie Dollar Eyes US Jobless Claims

AUD prices continue their ascent as US economic data comes into focus later today.


https://www.dailyfx.com/news/forex-aud-usd-price-forecast-aussie-dollar-eyes-us-jobless-claims-wv-20231228.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Breaks Out as GBP/USD Surges Toward Resistance, Gold Eyes Record

This article examines the technical outlook for gold (XAU/USD), EUR/USD and GBP/USD, identifying key price thresholds expected to be influential as 2023 draws to a close.


https://www.dailyfx.com/news/forex-eur-usd-breaks-out-as-gbp-usd-surges-toward-resistance-gold-eyes-record-20231227.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Gold Holds the High Ground as $2080 Beckons

Gold holds the high ground as Geopolitical tension and a weaker US Dollar show little signs of let up as the Year-End approaches. Will $2080/oz be reached?


https://www.dailyfx.com/news/gold-price-forecast-gold-holds-the-high-ground-as-2080-beckons-20231227.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100 and DAX 40 Resume Ascent in Line With US and Asian Stock Indices

Outlook on FTSE 100 and DAX 40 during the final week of 2023.


https://www.dailyfx.com/news/ftse-100-and-dax-40-resume-ascent-in-line-with-us-and-asian-stock-indices-20231227.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Price Forecast: Guarded BoJ Leaves Yen on Offer

JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.


https://www.dailyfx.com/news/forex-usd-jpy-price-forecast-guarded-boj-leaves-yen-on-offer-wv-20231227.html?utm_source=dlvr.it&utm_medium=blogger

Gold Prices Defy Key Resistance Area, USD/JPY Stuck Below 200-Day SMA for Now

This article explores the technical profile for gold and USD/JPY, focusing on important price thresholds that could be relevant heading into the final trading sessions of 2023.


https://www.dailyfx.com/news/xau-usd-gold-prices-defy-key-resistance-area-usd-jpy-stuck-below-200-day-sma-for-now-20231227.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar in Risky Waters, Technical Setups on EUR/USD, GBP/USD, Gold

This article examines the technical outlook for EUR/USD, GBP/USD, and gold, analyzing important price levels that could act as support or resistance in the last week of 2023.


https://www.dailyfx.com/news/forex-usd-dollar-in-risky-waters-technical-setups-on-eur-usd-gbp-usd-gold-xau-usd-20231226.html?utm_source=dlvr.it&utm_medium=blogger

Top Lesson of 2023 - Discipline is Paramount in Rapidly Changing Markets

Trading in forex or other financial assets necessitates a steadfast commitment to a carefully devised plan and effective risk management.


https://www.dailyfx.com/news/discipline-is-paramount-in-rapidly-changing-markets-20231226.html?utm_source=dlvr.it&utm_medium=blogger

Market Week Ahead: Gold Pops, US Dollar Drops, GBP/USD and EUR/USD Rally

The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.


https://www.dailyfx.com/news/market-week-ahead-gold-pops-us-dollar-drops-gbp-usd-and-eur-usd-rally-20231225.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar on Thin Ice, Setups on EUR/USD, USD/JPY, GBP/USD for Final Days of 2023

This article zooms in on the technical outlook for EUR/USD, USD/JPY, and GBP/USD, analyzing essential price thresholds to monitor in the final trading sessions of 2023


https://www.dailyfx.com/news/forex-usd-dollar-on-thin-ice-setups-on-eur-usd-usd-jpy-gbp-usd-for-final-days-of-2023-20231224.html?utm_source=dlvr.it&utm_medium=blogger

Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook

Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.


https://www.dailyfx.com/news/forex-gold-weekly-forecast-xau-usd-propelled-by-softer-us-inflation-outlook-wv-20231223.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/us-pce-price-index-declines-adding-further-pressure-on-the-dxy-as-gold-rises-to-2070-oz-20231222.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/euro-eur-posts-a-fresh-multi-month-high-ahead-of-us-inflation-report-20231222.html?utm_source=dlvr.it&utm_medium=blogger

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?


https://www.dailyfx.com/news/usd-jpy-price-forecast-usd-jpy-may-struggle-to-find-aceeptance-below-the-142-00-mark-20231221.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/russell-2000-rises-toward-key-fibonacci-resistance-will-it-break-out-this-time-20231221.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/us-q3-gdp-revised-lower-dragging-the-dollar-index-along-gold-rises-20231221.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/dow-nasdaq-100-and-nikkei-225-steady-after-wednesday-s-losses-20231221.html?utm_source=dlvr.it&utm_medium=blogger

CAD Price Forecast: Loonie Flirts With Key Support

USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.


https://www.dailyfx.com/news/forex-cad-price-forecast-loonie-flirts-with-key-support-wv-20231221.html?utm_source=dlvr.it&utm_medium=blogger

GBP Breaking News: CPI Miss Aligns UK With Other Economies

GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.


https://www.dailyfx.com/news/forex-gbp-breaking-news-cpi-miss-aligns-uk-with-other-economies-wv-20231220.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar on Breakdown Watch After Fed Pivot, Setups on EUR/USD, USD/JPY, GBP/USD

This article focuses on the outlook for the U.S. dollar and analyzes the technical profile for major FX pairs such as EUR/USD, USD/JPY and GBP/USD.


https://www.dailyfx.com/news/forex-usd-dollar-on-breakdown-watch-after-fed-pivot-setups-on-eur-usd-usd-jpy-gbp-usd-20231219.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar (DXY) Latest: Markets Ignore Fed Rate Pushback, GBP/USD and EUR/USD

A concerted effort by various Fed officials over the past few days to dampen market expectations of multiple rate cuts in 2024 is not having the desired effect at the moment.


https://www.dailyfx.com/news/us-dollar-dxy-latest-markets-ignore-fed-rate-pushback-gbp-usd-and-eur-usd-20231219.html?utm_source=dlvr.it&utm_medium=blogger

Dow and Nasdaq 100 hold firm, while Nikkei 225 Rallies

US indices continue to consolidate, but the Bank of Japan’s (BoJ) decision to leave policy unchanged has given the Nikkei 225 a boost.


https://www.dailyfx.com/news/dow-and-nasdaq-100-hold-firm-while-nikkei-225-rallies-20231219.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Pared Back and Nikkei Advances after BoJ Keeps Rates on Hold

BoJ holds out on rate change as unconvincing inflation and wage growth data fail to move the needle. Q1 wage negotiations will be key, as will inflation. JPY down, Nikkei up


https://www.dailyfx.com/news/japanese-yen-pared-back-and-nikkei-advances-after-boj-keeps-rates-on-hold-20231219.html?utm_source=dlvr.it&utm_medium=blogger

Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify

Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?


https://www.dailyfx.com/news/oil-price-forecast-oil-surges-on-supply-chain-concerns-as-red-sea-disruptions-intensify-20231218.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Setup Ahead of the Final Bank of Japan Meeting for 2023

Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up


https://www.dailyfx.com/news/usd-jpy-setup-ahead-of-the-final-bank-of-japan-meeting-for-2023-20231218.html?utm_source=dlvr.it&utm_medium=blogger

Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback

German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.


https://www.dailyfx.com/news/euro-eur-latest-german-ifo-highlights-ongoing-german-economic-weakness-ecb-rate-pushback-20231218.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100, Dax 40 and S&P 500 Flatline

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of German Ifo business climate


https://www.dailyfx.com/news/ftse-100-dax-40-and-s-p-500-flatline-20231218.html?utm_source=dlvr.it&utm_medium=blogger

British Pound (GBP) Latest: GBP/USD on Hold Ahead of Inflation Report

Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.


https://www.dailyfx.com/news/british-pound-gbp-latest-gbp-usd-on-hold-ahead-of-inflation-report-20231218.html?utm_source=dlvr.it&utm_medium=blogger

Cable on Track for Remarkable Recovery after Hawkish BoE Messaging

Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week


https://www.dailyfx.com/news/cable-on-track-for-remarkable-recovery-after-hawkish-boe-messaging-20231215.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Fed Pivot Opens Pathway for New Fresh Record, XAU/USD Levels

Gold prices push higher and defy key technical resistance, driven by falling yields and a weaker U.S. dollar following the Fed's dovish pivot at its December policy meeting.


https://www.dailyfx.com/news/gold-price-forecast-fed-pivot-opens-pathway-for-new-fresh-record-xau-usd-levels-20231215.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPY

This article focuses on the technical outlook for EUR/USD and USD/JPY, examining critical price levels that can act as support or resistance following the recent increase in volatility.


https://www.dailyfx.com/news/forex-usd-dollar-demolished-by-fed-s-dovish-pivot-tech-setups-on-eur-usd-and-usd-jpy-20231214.html?utm_source=dlvr.it&utm_medium=blogger

AUD Propped Up by Australian Robust Jobs Report & FOMC

AUD prices have remained buoyant as markets extend the FOMC hangover effect with Australian jobs data supplementing upside support.


https://www.dailyfx.com/news/forex-aud-propped-up-by-australian-robust-jobs-report-fomc-wv-20231214.html?utm_source=dlvr.it&utm_medium=blogger

ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises

The ECB kept rates steady today while dipping their toes in the dovish pond. The initial statement providing tentative hints but largely sticking to the ongoing rhetoric.


https://www.dailyfx.com/news/ecb-keep-rates-steady-with-tentative-inflation-downgrades-eur-usd-rises-20231214.html?utm_source=dlvr.it&utm_medium=blogger

Euro Update: EUR/USD Meets Support, While EUR/GBP Looks to Halt Major Sell-off

The Euro has encountered great difficulty as the currency surrenders ground against a number of G7 currencies as the economic outlook worsens, expected rate cuts accumulate


https://www.dailyfx.com/news/euro-update-eur-usd-meets-support-while-eur-gbp-looks-halt-major-sell-off-20231204.html?utm_source=dlvr.it&utm_medium=blogger

CAD Price Forecast: Loonie Stalls Ahead of BoC

USD/CAD prices are cautious ahead of US and Canadian economic data with the US dollar possibly looking to make a comeback.


https://www.dailyfx.com/news/forex-cad-price-forecast-loonie-stalls-ahead-of-boc-wv-20231204.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin (BTC), Ethereum (ETH) Surge to Fresh 18-Month Highs

Bitcoin and Ethereum have broken through prior areas of resistance and are back at levels last seen 18 months ago.


https://www.dailyfx.com/news/bitcoin-btc-ethereum-eth-surge-to-fresh-18-month-highs-20231204.html?utm_source=dlvr.it&utm_medium=blogger

XAU/USD Breaking News: Gold Reaches All-Time Highs

Gold prices almost hit the $2150 level as safe haven demand from increasing tensions in the Middle East. XAU/USD now looks to be in for a breakdown lower.


https://www.dailyfx.com/news/forex-xau-usd-breaking-news-gold-reaches-all-time-highs-wv-20231204.html?utm_source=dlvr.it&utm_medium=blogger