Gold Price Update: Pullback in Question Ahead of US PCE Data

Gold prices take a breather after having risen sharply in response to a weaker dollar and softer US yields after Fed Governor Waller provided a timeline for rate cuts. PCE Next


https://www.dailyfx.com/news/gold-price-update-pullback-in-question-ahead-of-us-pce-data-20231130.html?utm_source=dlvr.it&utm_medium=blogger

Euro Area Inflation Falls Sharply, EUR/USD Slips on Heightened ECB Rate Cuts Expectations

Price pressures in the Euro Area are dropping sharply and this may give the ECB further flexibility to cut interest rates earlier next year.


https://www.dailyfx.com/news/euro-area-inflation-falls-sharply-eur-usd-slips-on-heightened-ecb-rate-cuts-expectations-20231130.html?utm_source=dlvr.it&utm_medium=blogger

Dow, Nasdaq 100 and Nikkei 225 Look for Further Gains​​​​

​​Indices remain in strong form on the final day of November, and are looking to extend their recent gains into December. ​


https://www.dailyfx.com/news/dow-nasdaq-100-and-nikkei-225-look-for-further-gains-20231130.html?utm_source=dlvr.it&utm_medium=blogger

While the FTSE 100 and Russell 2000 Struggle, the DAX 40 Ploughs Ahead

​​Outlook on FTSE 100, DAX 40 and Russell 2000 amid quiet trading in low volatility.


https://www.dailyfx.com/news/while-the-ftse-100-and-russell-2000-struggle-the-dax-40-ploughs-ahead-20231129.html?utm_source=dlvr.it&utm_medium=blogger

NZD/USD Forecast: Kiwi Soars on RBNZ Governor Orr

The NZD was bolstered by the possibility of future rate hikes should New Zealand inflation remain elevated. Kiwi dollar now looks to the US economy for guidance.


https://www.dailyfx.com/news/forex-nzd-usd-forecast-kiwi-soars-on-rbnz-governor-orr-wv-20231129.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Update: Gauge of Widespread Inflation Hits 2001 Levels

Widespread inflation pressures build in Japan ahead of 2024 despite BoJ Governor Ueda remaining unconvinced that inflation will exceed the 2% target sustainably


https://www.dailyfx.com/news/usd-jpy-update-gauge-of-widespread-inflation-hits-2001-levels-20231128.html?utm_source=dlvr.it&utm_medium=blogger

XAU/USD Price Forecast: Are Gold Prices Jumping the Gun?

Gold prices stay well supported this Tuesday ahead of CB consumer confidence and Fed speakers. XAU/USD managing to hold above $2000/oz.


https://www.dailyfx.com/news/forex-xau-usd-price-forecast-are-gold-prices-jumping-the-gun-wv-20231128.html?utm_source=dlvr.it&utm_medium=blogger

Oil Latest – Traders on the Sidelines as OPEC+ Meeting Nears

Oil traders are waiting for the delayed OPEC+ meeting, now scheduled for Thursday, to see if further output cuts are announced to help stabilize the price of oil


https://www.dailyfx.com/news/oil-latest-traders-on-the-sidelines-as-opec-meeting-nears-20231128.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Price Outlook: High Impact EU, US Inflation Data to Guide Price Action

The flash EU inflation data for November is due in the same week as US PCE. Also of note is the 2nd estimate of US Q3 data which is anticipated beat the already impressive 4.9%


https://www.dailyfx.com/news/eur-usd-price-outlook-high-impact-eu-us-inflation-data-to-guide-price-action-20231128.html?utm_source=dlvr.it&utm_medium=blogger

Dow, Nasdaq 100 and Nikkei 225 see Bullish Momentum Fade after Month-Long Surge

​​As month-end looms, the rally in indices is slowing down, though the overall picture remains broadly bullish.​


https://www.dailyfx.com/news/dow-nasdaq-100-and-nikkei-225-see-bullish-momentum-fade-after-month-long-surge-20231128.html?utm_source=dlvr.it&utm_medium=blogger

Brent, WTI Oil Prices Await OPEC Supply Cut Quotas for 2024

Oil markets continued the longer-term bearish move ahead of the delayed OPEC meeting. The possibility of more aggressive cuts in response to weaker oil prices poses a risk


https://www.dailyfx.com/news/brent-wti-oil-prices-await-opec-supply-cut-quotas-for-2024-20231127.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Latest: GBP/USD Remains Supported, BoE Warn on Inflation

Bank of England governor Andrew Bailey warned today that getting inflation down to target will be ‘hard work’ and pushed back against market expectations of interest rate cuts in the ‘foreseeable future’.


https://www.dailyfx.com/news/british-pound-latest-gbp-usd-remains-supported-boe-warn-on-inflation-20231127.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Weekly Forecast: BoJ Policy Change Reinforced by Japanese CPI

JPY prices have managed to begin the week on the front foot as elevated Japanese inflation stokes hawkish bets.


https://www.dailyfx.com/news/forex-usd-jpy-weekly-forecast-boj-policy-change-reinforced-by-japanese-cpi-wv-20231127.html?utm_source=dlvr.it&utm_medium=blogger

Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags

A holiday shortened week saw the US dollar slide, prompting a small rally in gold, while Sterling flexed its muscles after a robust PMI release.


https://www.dailyfx.com/news/market-week-ahead-gold-tests-2k-gbp-usd-eur-usd-pop-usd-sags-20231126.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index (DXY) Unfazed as Business Activity in the US Held Firm

US Business activity remained steady in November but employment in the private sector declined for the first time in almost three-and-a-half years. A sign of things to come?


https://www.dailyfx.com/news/us-dollar-index-dxy-unfazed-as-business-activity-in-the-us-held-firm-20231124.html?utm_source=dlvr.it&utm_medium=blogger

DAX 40, Nasdaq 100 on Track for Fourth Straight Week of Gains while FTSE 100 Lags

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 amid low volume Thanksgiving holiday trading.


https://www.dailyfx.com/news/dax-40-nasdaq-100-on-track-for-fourth-straight-week-of-gains-while-ftse-100-lags-20231124.html?utm_source=dlvr.it&utm_medium=blogger

Gold Cautious Above $2000 on Thin, Holiday Affected Trading

Gold trades within a narrow daily range on Thanksgiving as US traders step away from their screens. Will the temporary ceasefire lead the metal lower?


https://www.dailyfx.com/news/gold-cautious-above-2000-on-thin-holiday-affected-trading-20231123.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen (JPY) Pares Some Losses As Key Inflation Data Near

USD/JPY has retreated as investors continue to price-in an end to US rate hikes, and maybe cuts next year


https://www.dailyfx.com/news/japanese-yen-jpy-pares-some-losses-as-key-inflation-data-near-20231123.html?utm_source=dlvr.it&utm_medium=blogger

ZAR Breaking News: Rand Unmoved by SARB Pause

Rand prices barely moved after the SARB Governor Lesetja Kganyago announced the MPC decision to keep interest rates on hold.


https://www.dailyfx.com/news/forex-zar-breaking-news-rand-unmoved-by-sarb-pause-wv-20231123.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100, CAC 40 and DAX 40 Quietly Advance in Low Volume Trading​​​

​​Outlook on FTSE 100, CAC 40 and DAX 40 amid manufacturing and services PMIs and as US markets are shut for Thanksgiving.


https://www.dailyfx.com/news/ftse-100-cac-40-and-dax-40-quietly-advance-in-low-volume-trading-20231123.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Price Update: German PMI Points Towards Shallow Downturn

German manufacturing and services sectors have contracted as the economic situation in the EU’s manufacturing hub has withered. However, November’s data eases


https://www.dailyfx.com/news/eur-usd-price-update-eur-usd-price-update-german-pmi-points-towards-shallow-downturngerman-pmi-points-towards-shallow-downturn-20231123.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower

Gold’s failure at the $2000 hurdle leaves the precious metal vulnerable to a deeper retracement. Will the lack of liquidity expected the rest of the week help minimize the losses?


https://www.dailyfx.com/news/gold-price-forecast-rejection-at-2000-level-leaves-the-door-open-for-a-move-lower-20231122.html?utm_source=dlvr.it&utm_medium=blogger

Oil Price Update: OPEC Delays Meeting and EIA Storage Data Rises Again

EIA Crude storage data builds on prior weeks’ levels as a pessimistic economic outlook weighs on future demand. OPEC + Postpones Meeting to 30th of November


https://www.dailyfx.com/news/oil-price-update-opec-delays-meeting-and-eia-storage-data-rises-again-20231122.html?utm_source=dlvr.it&utm_medium=blogger

UK Autumn Statement: Tax Cuts, Business Investment and Debt Reduction

Jeremy Hunt delivered his statement for growth which saw tweaks to national income taxes, uprated benefit payments and a massive incentive for business investment


https://www.dailyfx.com/news/uk-autumn-statement-tax-cuts-business-investment-and-debt-reduction-20231122.html?utm_source=dlvr.it&utm_medium=blogger

Euro (EUR) Latest: EUR/USD and EUR/GBP Leaking Lower Ahead of Thanksgiving Break

The US dollar is trying to move higher after the latest FOMC minutes showed that the Fed in no mood to cut interest rates anytime soon.


https://www.dailyfx.com/news/euro-eur-latest-eur-usd-and-eur-gbp-leaking-lower-ahead-of-thanksgiving-break-20231122.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100, S&P 500 and Russell 2000 Consolidate Ahead of Thanksgiving

​Outlook on FTSE 100, S&P 500 and Russell 2000 as US earnings season draws to a close


https://www.dailyfx.com/news/ftse-100-s-p-500-and-russell-2000-consolidate-ahead-of-thanksgiving-20231122.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?


https://www.dailyfx.com/news/us-dollar-index-dxy-continues-recovery-as-fomc-minutes-have-minimal-impact-20231121.html?utm_source=dlvr.it&utm_medium=blogger

Gold (XAU/USD) Price Latest: Setting Up for the Next Leg Higher?

The US dollar continues to weaken and this is opening the way for gold to re-test the late October multi-month high


https://www.dailyfx.com/news/gold-xau-usd-price-latest-setting-up-for-the-next-leg-higher-20231121.html?utm_source=dlvr.it&utm_medium=blogger

RBA Minutes Reveal Motive Behind the November Hike

The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI


https://www.dailyfx.com/news/rba-minutes-reveal-motive-behind-the-november-hike-20231121.html?utm_source=dlvr.it&utm_medium=blogger

Dow, Nikkei 225 and CAC40 Continue to Make Gains

The Dow is at its highest level since the summer, while the Nikkei 225 is contemplating more gains to take it to a multi-decade peak, and the CAC40 has regained the 200-day moving average.


https://www.dailyfx.com/news/dow-nikkei-225-and-cac40-continue-to-make-gains-20231121.html?utm_source=dlvr.it&utm_medium=blogger

GBP Price Forecast: Pound Gears Up for FOMC as Markets Process UK Borrowing

Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.


https://www.dailyfx.com/news/forex-gbp-price-forecast-pound-gears-up-for-fomc-as-markets-process-uk-borrowing-wv-20231121.html?utm_source=dlvr.it&utm_medium=blogger

Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow

Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.


https://www.dailyfx.com/news/oil-price-forecast-recovery-continues-as-expectations-for-opec-cuts-grow-20231120.html?utm_source=dlvr.it&utm_medium=blogger

Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain

EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.


https://www.dailyfx.com/news/forex-euro-price-forecast-eur-bid-on-usd-weakness-as-vulnerabilities-remain-wv-20231120.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness

The US dollar is testing lows last seen at the start of September and that is giving cable another boost.


https://www.dailyfx.com/news/british-pound-latest-gbp-usd-testing-1-2500-on-us-dollar-weakness-20231120.html?utm_source=dlvr.it&utm_medium=blogger

​​​FTSE 100, DAX 40 and Nasdaq 100 Pause after Three Weeks of Strong Gains​​​

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.


https://www.dailyfx.com/news/ftse-100-dax-40-and-nasdaq-pause-after-three-weeks-of-strong-gains-20231120.html?utm_source=dlvr.it&utm_medium=blogger

AUD/USD Price Forecast: Positive Start for Aussie Dollar

AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.


https://www.dailyfx.com/news/forex-aud-usd-price-forecast-positive-start-for-aussie-dollar-wv-20231120.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks

Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.


https://www.dailyfx.com/news/forex-markets-week-ahead-gold-eur-usd-nasdaq-100-soar-as-us-yields-sink-oil-tanks-20231119.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Outlook Shaky as Yields Tank, Setups on EUR/USD, GBP/USD, AUD/USD

This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play


https://www.dailyfx.com/news/forex-usd-dollar-outlook-shaky-as-yields-tank-setups-on-eur-usd-gbp-usd-aud-usd-20231117.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices rally more than 1% and break above a key technical resistance, boosted by falling U.S. Treasury yields following disappointing U.S. economic data.


https://www.dailyfx.com/news/gold-price-forecast-xau-usd-breaks-out-as-yields-sink-fed-pivot-hopes-build-20231116.html?utm_source=dlvr.it&utm_medium=blogger

Oil Price Outlook: Brent and WTI Suffer Further Losses

Oil declines around $3.5 today as markets continue to digest sizeable stock builds at a time when the US production levels soar and economic data appears to be easing


https://www.dailyfx.com/news/oil-price-outlookoil-price-outlook-brent-and-wti-suffer-further-losses-brent-and-wti-suffer-further-losses-20231116.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Holds Up But Pares US Inflation-Inspired Gains

The Euro retains the upper hand in what remains overwhelmingly a ‘Dollar weakness’ story


https://www.dailyfx.com/news/eur-usd-holds-up-but-pares-us-inflation-inspired-gains-20231116.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar in Freefall After US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100, Gold

This article focuses on the technical outlook for EUR/USD, GBP/USD, Nasdaq 100 and gold, taking into account the key price levels in play following the explosive market moves in the wake of weaker-than-expected U.S. inflation data.


https://www.dailyfx.com/news/forex-usd-dollar-in-freefall-after-us-cpi-setups-on-eur-usd-gbp-usd-nasdaq-100-gold-prices-xauusd-20231114.html?utm_source=dlvr.it&utm_medium=blogger

Gold (XAU/USD) – Sitting on Technical Support as US Inflation Report Nears

The latest US inflation report will be released later in the session and is expected to show that price pressures are easing. Will this be enough to send gold back towards $2,000/oz?


https://www.dailyfx.com/news/gold-xau-usd-sitting-on-technical-support-as-us-inflation-report-nears-20231114.html?utm_source=dlvr.it&utm_medium=blogger

Euro Update: EUR/USD and EUR/JPY Could Stand to Benefit This Week

The euro attempts to grind higher in a week filled with Fed speakers and the potential for a continuance of softer US data (CPI, retail sales). Yen depreciates further


https://www.dailyfx.com/news/euro-update-eur-usd-and-eur-jpy-could-stand-to-benefit-this-week-20231114.html?utm_source=dlvr.it&utm_medium=blogger

UK Unemployment and Upside Wage Pressures Dominate Jobs Report

GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.


https://www.dailyfx.com/news/forex-uk-unemployment-and-upside-wage-pressures-dominate-jobs-report-wv-20231114.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Setups Before US CPI: USD/JPY, GBP/USD, AUD/USD, Volatility Up Ahead

This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance following the October U.S. inflation report due for release on Tuesday.


https://www.dailyfx.com/news/forex-usd-dollar-setups-before-us-cpi-usd-jpy-gbp-usd-aud-usd-volatility-up-ahead-20231113.html?utm_source=dlvr.it&utm_medium=blogger

S&P 500 to be Weighed Down by Potential Government Shutdown

Risk sentiment can be positively impacted by softer inflation and retail sales data but the threat of another potential US government shutdown poses a major challenge


https://www.dailyfx.com/news/s-p-500-to-be-weighed-down-by-potential-government-shutdown-20231113.html?utm_source=dlvr.it&utm_medium=blogger

AUD/USD Price Forecast: RBA Kohler Reinforces Aussie Dollar

AUD prices found some much needed support this Monday morning after the RBA’s Kohler stated that bringing down inflation may be more difficult than anticipated.


https://www.dailyfx.com/news/forex-aud-usd-price-forecast-rba-kohler-reinforces-aussie-dollar-wv-20231113.html?utm_source=dlvr.it&utm_medium=blogger

Euro (EUR) Latest: Heavyweight Data and Fed Chatter to Direct EUR/USD This Week

EUR/USD traders will have a busy week ahead as a raft of high importance US and EU data releases hit the screens, while Fed speakers are also out in force.


https://www.dailyfx.com/news/euro-eur-latest-heavyweight-data-and-fed-chatter-to-direct-eur-usd-this-week-20231113.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100, DAX 40 and Nasdaq 100 Remain Overall Bid ahead of Tuesday’s US Inflation Reading

FTSE 100, DAX 40 and Nasdaq 100 remain overall bid ahead of Tuesday’s US inflation reading


https://www.dailyfx.com/news/ftse-100-dax-40-and-nasdaq-100-remain-overall-bid-ahead-of-tuesday-s-us-inflation-reading-20231113.html?utm_source=dlvr.it&utm_medium=blogger