Top Trading Idea Q2 2024: Long USD/CHF

In Q1 the Swiss National Bank fired the starting pistol for rate cuts while robust US data suggests the dollar will remain well supported in Q2


https://www.dailyfx.com/news/top-trading-idea-q2-2024-long-usd-chf-20240401.html?utm_source=dlvr.it&utm_medium=blogger

Markets Q2 Outlook: Gold, Stocks, Bitcoin, US Dollar, Euro, Pound, Yen. What’s Ahead?

The second quarter is gearing up to be an eventful period for central banks and promises a whirlwind of market forces, setting the stage for exciting trading opportunities across currencies, stocks, commodities, and cryptos.


https://www.dailyfx.com/news/markets-q2-outlook-gold-stocks-bitcoin-us-dollar-euro-pound-yen-whats-ahead-20240331.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Q2 Forecast: Dollar to Push Forward as Major Central Banks Eye Rate Cuts

The US dollar performed phenomenally in Q1 - something that is likely to continue but perhaps to a lesser degree now that growth is moderating and rate cuts come into focus


https://www.dailyfx.com/news/us-dollar-q2-forecast-dollar-to-push-forward-as-major-central-banks-eye-rate-cuts-20240331.html?utm_source=dlvr.it&utm_medium=blogger

Gold Q2 Fundamental Forecast: In Neutral Waters - Neither Bullish nor Bearish

This article provides an in-depth analysis of the fundamental outlook for gold prices in the second quarter, examining critical market themes and key drivers that could play a pivotal role in shaping the precious metal's trajectory.


https://www.dailyfx.com/news/xau-usd-gold-q2-fundamental-forecast-in-neutral-waters-neither-bullish-nor-bearish-20240330.html?utm_source=dlvr.it&utm_medium=blogger

Cryptocurrencies Q2 Technical Forecast: Bitcoin, Ethereum, Solana. What’s Ahead?

In this article, we explore the Q2 technical outlook for Bitcoin, Ethereum and Solana, analyzing sentiment and major price thresholds worth watching in the near term.


https://www.dailyfx.com/news/cryptocurrencies-q2-technical-forecast-bitcoin-ethereum-solana-what-s-ahead-20240330.html?utm_source=dlvr.it&utm_medium=blogger

Euro Fundamental Forecast: ECB Will Start Cutting Interest Rates in Q2

Easing price pressures and a stagnant economy will likely see the ECB cut rates in Q2 with more to follow if recent central bank rhetoric is to be believed


https://www.dailyfx.com/news/euro-fundamental-forecast-ecb-will-start-cutting-interest-rates-in-q2-20240330.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Q2 Fundamental Forecast: Brighter Days Ahead, Catalysts to Watch

This article provides a comprehensive analysis of the second-quarter outlook for the Japanese yen, shedding light on factors that could spur volatility and dictate price action.


https://www.dailyfx.com/news/forex-japanese-yen-q2-fundamental-forecast-brighter-days-ahead-catalysts-to-watch-20240330.html?utm_source=dlvr.it&utm_medium=blogger

Australian Dollar Q2 Technical Forecast: AUD/USD and AUD/JPY

This article offers a detailed examination of the technical outlook for the Australian dollar, dissecting price action dynamics and market sentiment to uncover potential catalysts for major market shifts.


https://www.dailyfx.com/news/forex-australian-dollar-q2-technical-outlook-aud-usd-and-aud-jpy-20240330.html?utm_source=dlvr.it&utm_medium=blogger

Gold, Silver Q2 Technical Forecast: Key Resistance in Focus as Markets Get Stretched

This article thoroughly examines the second quarter technical outlook for gold and silver, delving into the nuances of current price action dynamics and market sentiment to uncover potential trends.


https://www.dailyfx.com/news/xau-usd-gold-silver-q2-technical-forecast-key-resistance-in-focus-as-markets-get-stretched-20240329.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin Q2 Fundamental Forecast: Current Demand/Supply Imbalance is Driving Bitcoin Higher

In this article, we delve into the fundamental outlook for Bitcoin, examining significant market catalysts that may shape the trajectory of cryptocurrencies in the second quarter.


https://www.dailyfx.com/news/bitcoin-q2-fundamental-forecast-current-demand-supply-imbalance-is-driving-bitcoin-higher-20240329.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture

This article explores the technical prospects of the Japanese yen for the second quarter across three key pairs: USD/JPY, EUR/JPY, and GBP/JPY. It considers both price action dynamics and market sentiment for a comprehensive and holistic outlook


https://www.dailyfx.com/news/forex-japanese-yen-q2-technical-forecast-usd-jpy-eur-jpy-gbp-jpy-at-critical-juncture-20240329.html?utm_source=dlvr.it&utm_medium=blogger

Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last

This article concentrates on the fundamental outlook for the Australian dollar, analyzing market catalysts and key drivers that are expected to exert significant influence on the currency's dynamics in the second quarter.


https://www.dailyfx.com/news/forex-australian-dollar-q2-fundamental-forecast-long-aud-usd-downtrend-may-be-fading-at-last-20240329.html?utm_source=dlvr.it&utm_medium=blogger

Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

The Office for National Statistics confirmed that the UK entered into a recession in Q4. GBP held up in Q1 but the threat of sharp declines in inflation may weaken the currency


https://www.dailyfx.com/news/pound-sterling-update-uk-recession-confirmed-by-final-gdp-data-gbp-mixed-20240328.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure.


https://www.dailyfx.com/news/us-dollar-latest-eur-usd-gbp-usd-usd-jpy-forecasts-ahead-of-us-data-20240328.html?utm_source=dlvr.it&utm_medium=blogger

Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts.


https://www.dailyfx.com/news/euro-latest-german-gdp-seen-at-just-0-1-in-2024-eur-usd-under-pressure-20240327.html?utm_source=dlvr.it&utm_medium=blogger

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter


https://www.dailyfx.com/news/crude-oil-prices-slip-again-as-us-inventories-increase-opec-meet-eyed-20240327.html?utm_source=dlvr.it&utm_medium=blogger

FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric used before prior FX intervention


https://www.dailyfx.com/news/fx-intervention-threat-steps-up-a-notch-after-usd-jpy-hits-a-crucial-level-20240327.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD

The article explores the near-term outlook for the U.S. dollar, focusing on three of the most popular and liquid FX pairs: EUR/USD, USD/JPY and GBP/USD.


https://www.dailyfx.com/news/forex-usd-dollar-in-holding-pattern-key-tech-setups-on-eur-usd-usd-jpy-gbp-usd-20240326.html?utm_source=dlvr.it&utm_medium=blogger

Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers

Gold appears upbeat at the start of the week, although, the current move higher is already showing signs of slowing. Silver continues to trade lower, testing a well-known level


https://www.dailyfx.com/news/gold-silver-price-update-xau-usd-rises-on-a-softer-dollar-silver-withers-20240326.html?utm_source=dlvr.it&utm_medium=blogger

Euro Gains Again Despite More Dovish ECB Commentary

The Euro has bounced despite a clear rethink of the once-broadly-held idea that the US will see earlier, deeper rate cuts than the Eurozone


https://www.dailyfx.com/news/euro-gains-again-despite-more-dovish-ecb-commentary-20240326.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies

Bitcoin is back above $70k after rallying sharply over the last three sessions. A fresh attempt at a new ATH is likely ahead of April’s halving event.


https://www.dailyfx.com/news/bitcoin-btc-eyes-new-all-time-high-ethereum-eth-trails-coinbase-coin-rallies-20240326.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

The price of gold has pushed higher today after last Thursday’s sharp sell-off. Sentiment remains positive and a new ATH is not too far away.


https://www.dailyfx.com/news/gold-price-steadies-after-sharp-sell-off-new-all-time-high-remains-possible-20240325.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts

GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.


https://www.dailyfx.com/news/british-pound-inches-back-up-as-markets-increasingly-bet-on-june-fed-cuts-20240325.html?utm_source=dlvr.it&utm_medium=blogger

Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves

The minutes from Tuesday’s BoJ meeting confirmed that the inflation target has not been achieved and that hikes will be measured. FX official unimpressed by volatile yen


https://www.dailyfx.com/news/yen-update-usd-jpy-dips-after-boj-minutes-concern-over-volatile-moves-20240325.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances

It was a busy week for major central bankers with two major banks altering interest rates. Gold issues a bearish warning, sterling appears deflated and USD reclaims losses


https://www.dailyfx.com/news/markets-week-ahead-gold-s-overreacts-sterling-sinks-and-usd-advances-20240324.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups

This article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth.


https://www.dailyfx.com/news/forex-usd-dollar-forecast-pce-data-to-steal-show-eur-usd-usd-jpy-gbp-usd-setups-20240324.html?utm_source=dlvr.it&utm_medium=blogger

Oil Update: Russia-Ukraine War Targets Energy Infrastructure

US president Joe Biden has urged Ukraine not to target Russia’s oil infrastructure as it risks sending prices higher. Brent prices appear largely unshaken


https://www.dailyfx.com/news/oil-update-russia-ukraine-war-targets-energy-infrastructure-20240322.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift

The US dollar is pushing higher, helped by Euro and Sterling weakness after Thursday’s BoE rate meeting. Short-dated US Treasury yields though remain anchored.


https://www.dailyfx.com/news/us-dollar-index-pushes-higher-sterling-continues-to-weaken-after-boe-dovish-shift-20240322.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF

This article delves into retail sentiment on the U.S. dollar across three key FX pairs: USD/JPY, USD/CAD and USD/CHF, exploring current market positioning and potential scenarios based on contrarian signals.


https://www.dailyfx.com/news/forex-usd-dollar-outlook-market-sentiment-usd-jpy-usd-cad-usd-chf-20240321.html?utm_source=dlvr.it&utm_medium=blogger

Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips

The Bank of England left rates unchanged at today’s meeting but the closely watched vote split turned dovish, sending UK Gilt yields and GBP lower.


https://www.dailyfx.com/news/bank-of-england-leaves-rates-unchanged-vote-split-turns-dovish-gbp-usd-slips-20240321.html?utm_source=dlvr.it&utm_medium=blogger

Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View

The Fed reaffirmed its view of three rate cuts this year and raised its outlook on inflation and GDP. The dollar experienced a dovish repricing, propelling gold notably higher


https://www.dailyfx.com/news/gold-soars-to-new-all-time-high-after-the-fed-reaffirmed-rate-cut-view-20240321.html?utm_source=dlvr.it&utm_medium=blogger

Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100

The Fed held borrowing costs unchanged at its March meeting and continued to signal that it would implement three rate cuts this year despite upside inflation risks. This dovish outlook boosted gold prices and the Nasdaq 100.


https://www.dailyfx.com/news/forex-fed-sticks-to-dovish-policy-roadmap-setups-on-gold-eur-usd-nasdaq-100-20240321.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Selloff Continues Ahead of the FOMC Meeting

The yen failed to halt a selloff that gained momentum after the dovish hike from the Bank of Japan. USD/JPY remains vulnerable, particularly if the Fed foresees fewer cuts ahead


https://www.dailyfx.com/news/usd-jpy-selloff-continues-ahead-of-the-fomc-meeting-20240320.html?utm_source=dlvr.it&utm_medium=blogger

UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed

UK inflation fell to the lowest level in over two years in February, helped by falling food prices. GBP/USD is little changed as the latest Fed policy decision nears.


https://www.dailyfx.com/news/uk-inflation-falls-to-a-two-year-low-gbp-usd-stable-all-eyes-on-the-fed-20240320.html?utm_source=dlvr.it&utm_medium=blogger

Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed

Canadian inflation softened more than expected in February, bringing potential rate cuts closer at a time when markets foresee the Fed having to delay its first cut until July


https://www.dailyfx.com/news/lower-canadian-cpi-brings-rate-cuts-closer-while-fed-cuts-appear-delayed-20240319.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Wilts As Markets Await Both Fed and BoE

There are central bank policy decisions for both sides of GBP/USD in the next forty-eight hours


https://www.dailyfx.com/news/british-pound-wilts-as-markers-await-both-fed-and-boe-20240319.html?utm_source=dlvr.it&utm_medium=blogger

Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive

The bank of Japan (BoJ) agreed that a virtuous cycle between wages and prices has been met, enabling an historic moment for the accommodative central bank. Yen weaker


https://www.dailyfx.com/news/bank-of-japan-exits-negative-interest-rate-policy-but-remains-supportive-20240319.html?utm_source=dlvr.it&utm_medium=blogger

BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY

The Bank of Japan is expected to raise interest rates for the first time in 17 years when it concludes its March policy meeting. The decision could trigger market volatility and shape the Japanese yen’s near-term outlook.


https://www.dailyfx.com/news/boj-pivot-imminent-yen-ready-for-takeoff-or-tumble-setup-on-usd-jpy-20240318.html?utm_source=dlvr.it&utm_medium=blogger

Euro Higher Despite Market Worries of More Gradualist Fed

The US central bank was expected to cut rates this month at the start of the year. Now the markets are sure it won’t.


https://www.dailyfx.com/news/euro-higher-despite-market-worries-of-more-gradualist-fed-20240318.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent

Tuesday’s Bank of Japan policy decision may see the central bank lift interest rates out of negative territory for the first time since January 2016


https://www.dailyfx.com/news/japanese-yen-usd-jpy-rally-continues-boj-policy-decision-imminent-20240318.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer

Well-known dove, Yannis Stournaras called for not one, but two rate cuts before the summer break, contrasting with the overall ECB stance to follow the Fed


https://www.dailyfx.com/news/eur-usd-stumbles-as-ecb-official-calls-for-two-rate-cuts-before-the-summer-20240314.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report.


https://www.dailyfx.com/news/us-dollar-drifts-lower-gold-rally-continues-us-nfps-on-the-horizon-20240307.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

The U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S. jobs report.


https://www.dailyfx.com/news/usd-dollar-falls-fed-s-resolve-in-question-usd-jpy-usd-cad-setups-before-nfp-20240306.html?utm_source=dlvr.it&utm_medium=blogger

GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts

Forecasts from the Office for Budget Responsibility (OBR) restricted Jeremy Hunt’s options his ongoing mission to boost UK growth and reduce government debt


https://www.dailyfx.com/news/gbp-update-hunt-decides-on-national-insurance-reduction-over-tax-cuts-20240306.html?utm_source=dlvr.it&utm_medium=blogger

Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

There’s plenty of action still to come this week for both sides of the modestly bullish EUR/USD pair


https://www.dailyfx.com/news/euro-gains-again-as-markets-look-to-big-ecb-powell-double-bill-20240306.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Latest: All-Time High Remains Within Touching Distance

Later today Fed Chair Jerome Powell will testify before the House Financial Services Committee and gold traders will be listening carefully.


https://www.dailyfx.com/news/gold-price-latest-all-time-high-remains-within-touching-distance-20240306.html?utm_source=dlvr.it&utm_medium=blogger

S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices


https://www.dailyfx.com/news/s-p-500-nasdaq-ease-after-apple-and-tesla-lead-indices-lower-20240305.html?utm_source=dlvr.it&utm_medium=blogger

Crude Oil Prices Struggle As China Growth Plans Fail to Convince

Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies


https://www.dailyfx.com/news/crude-oil-prices-struggle-as-china-growth-plans-fail-to-convince-20240305.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later.


https://www.dailyfx.com/news/japanese-yen-usd-jpy-on-edge-as-signs-of-wage-pressures-appear-20240305.html?utm_source=dlvr.it&utm_medium=blogger

Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024


https://www.dailyfx.com/news/gold-prices-surge-ahead-of-key-us-data-all-time-high-in-sight-20240305.html?utm_source=dlvr.it&utm_medium=blogger