Australian Dollar Q3 Fundamental Forecast: Mixed AUD Outlook as China's Growth Concerns Clash with Resurgent Aussie Price Pressures

The negative knock-on effects from China's economic frailties are likely to be pushed Aside After Aussie inflation Demanded a hawkish Response from the Reserve Bank of Australia


https://www.dailyfx.com/news/australian-dollar-q3-fundamental-forecast-mixed-aud-outlook-as-china-s-growth-concerns-clash-with-resurgent-aussie-price-pressures-20240630.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin Q3 Fundamental Outlook – Short-Term Muddled, Longer-Term Positive

Bitcoin's bullish momentum spluttered in Q2 as spot ETF buying was outpaced by cash sellers. However, Q3 could facilitate a bullish continuation on speculation of further institutional adoption


https://www.dailyfx.com/news/bitcoin-q3-fundamental-outlook-short-term-muddled-longer-term-positive-20240630.html?utm_source=dlvr.it&utm_medium=blogger

Equities Q3 Fundamental Outlook: Bullish Momentum to Slow

The outlook for US indices is still bullish, but headwinds like stubborn inflation data, inflation expectations, a less inclusive rally, and a seasonal consolidation limit the extent that indices are likely to rise in Q3


https://www.dailyfx.com/news/equities-q3-fundamental-outlook-bullish-momentum-to-slow-20240629.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Q3 Fundamental Outlook: US Dollar to Soften as Fundamental Outlook Eases

US inflation cooled in Q2 as did economic growth, opening the door to a rate cut later this year. US yields have likely peaked, leaving the dollar vulnerable to a dovish repricing


https://www.dailyfx.com/news/us-dollar-q3-fundamental-outlook-us-dollar-to-soften-as-fundamental-outlook-eases-20240628.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index (DXY) Listless After Core PCE Meet Forecasts

The latest Core PCE data met market estimates across all readings leaving the US dollar rudderless going into the weekend.


https://www.dailyfx.com/news/us-dollar-index-dxy-listless-after-core-pce-meet-forecasts-20240628.html?utm_source=dlvr.it&utm_medium=blogger

Gold (XAU/USD) & Silver (XAG/USD) – Updated Sentiment Analysis

IG client sentiment shows who is going long or short and how that information can affect price action


https://www.dailyfx.com/news/gold-xau-usd-silver-xag-usd-updated-sentiment-analysis-20240628.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Slips After US Durable Goods, Jobs Data - US Q1 GDP Meets Forecasts

The US dollar slipped lower today after data showed a slight softening of demand in the US economy.


https://www.dailyfx.com/news/us-dollar-slips-after-us-durable-goods-jobs-data-us-q1-gdp-meets-forecasts-20240627.html?utm_source=dlvr.it&utm_medium=blogger

Euro (EUR/USD) Latest – Renewed Volatility Ahead, US PCE and French Elections

The first round of the French legislative election will take place this weekend with Marine Le Pen’s National Rally party (RN) currently leading the polls.


https://www.dailyfx.com/news/euro-eur-usd-latest-renewed-volatility-ahead-us-pce-and-french-elections-20240627.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Update: Why Markets Don’t Appear to be Buying the MoF Story

Japan’s top currency official stepped up rhetoric around the undesirable decline of the yen, but markets don’t quite buy it. However, USD/JPY remains fraught with risk


https://www.dailyfx.com/news/usd-jpy-update-why-markets-don-t-appear-to-be-buying-the-mof-story-20240626.html?utm_source=dlvr.it&utm_medium=blogger

Aussie CPI Surpasses Estimates, Fueling RBA Hike Odds – AUD Strengthens

May CPI indicator exceeds estimates, increasing chances of another RBA rate hike. Explore the implications for AUD with a closer look at AUD/NZD


https://www.dailyfx.com/news/aussie-cpi-surpasses-estimates-fueling-rba-hike-odds-aud-strengthens-20240626.html?utm_source=dlvr.it&utm_medium=blogger

Canadian Inflation Catches Markets Off-Guard with Upward Surprise in May

May sees surprise uptick in Canadian inflation as 12-month CPI rises to 2.9%. USD/CAD lifts and the CAD/CHF bullish reversal extends


https://www.dailyfx.com/news/canadian-inflation-catches-markets-off-guard-with-upward-surprise-in-may-20240625.html?utm_source=dlvr.it&utm_medium=blogger

Nvidia (NVDA) Technical Outlook – Further Losses or Short-Term Consolidation?

Nvidia’s brief reign as the world’s largest company has come to an abrupt end as sellers wipe off around $500 billion of market value in just three trading days


https://www.dailyfx.com/news/nvidia-nvda-technical-outlook-further-losses-or-short-term-consolidation-20240625.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Latest: Polling Data Places Marine Le Pen’s Party in Top Spot

Le Pen's National Rally tops French polls. Discover how this political shift might affect the euro, bond markets in the lead up to Sunday’s first round of elections


https://www.dailyfx.com/news/eur-usd-latest-polling-data-places-marine-le-pen-s-party-in-top-spot-20240625.html?utm_source=dlvr.it&utm_medium=blogger

Taking Stock: S&P 500 Quarterly Performance and Market Breadth Observations

The bull trend in US equities is undeniable, but questions are being asked about the longevity of the rally as stocks now that fewer stocks are taking part in the ascent


https://www.dailyfx.com/news/taking-stock-s-p-500-quarterly-performance-and-market-breadth-observations-20240624.html?utm_source=dlvr.it&utm_medium=blogger

BoJ Minutes Suggest a July Rate Hike is not out of the Question, Yen Unchanged

The renewed yen depreciation led USD/JPY perilously close to the 160 mark after BoJ minutes mentioned the effect of currency weakness on a potential inflation overshoot


https://www.dailyfx.com/news/boj-minutes-suggest-a-july-rate-hike-is-not-out-of-the-question-yen-unchanged-20240624.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: US Data, Nasdaq 100, US Dollar and Gold

The Nasdaq and S&P 500 continue to print new all-time highs, the US dollar is benefitting from weakness in the Euro and the British Pound, while the recovery in gold continues.


https://www.dailyfx.com/news/markets-week-ahead-us-data-nasdaq-100-us-dollar-and-gold-20240621.html?utm_source=dlvr.it&utm_medium=blogger

Japanese CPI Data Mixed as Yen Continues Steady Decline

Japanese CPI data shows mixed results as yen continues to decline despite rising JGB yields. USD/JPY approaches 160, raising intervention concerns


https://www.dailyfx.com/news/japanese-cpi-data-mixed-as-yen-continues-steady-decline-20240621.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Eyes 160 Mark Amid Steady Yen Depreciation

The yen continues its steady decline, approaching levels that triggered intervention in April. AUD/JPY and USD/JPY climb as bond yields offer no support


https://www.dailyfx.com/news/usd-jpy-eyes-160-mark-amid-steady-yen-depreciation-20240620.html?utm_source=dlvr.it&utm_medium=blogger

Bank of England Leaves Rates Unchanged, Sterling and Gilt Yields Drift Lower

The Bank of England (BoE) left interest rates unchanged today as expected, despite headline CPI falling back to target.


https://www.dailyfx.com/news/bank-of-england-leaves-rates-unchanged-sterling-and-gilt-yields-drift-lower-20240620.html?utm_source=dlvr.it&utm_medium=blogger

Swiss National Bank Cuts Rates, Cites Strong Franc as it Looks to Fuel Growth

The Swiss National Bank voted to lower its policy rate, following on from March’s surprise cut. Inflation is expected to remain well below the 2% target, stabilising at 1%


https://www.dailyfx.com/news/swiss-national-bank-cuts-rates-cites-strong-franc-as-it-looks-to-fuel-growth-20240620.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD and EUR/GBP Latest Retail Sentiment Analysis

The Euro has seen varied flows over the last week and that leaves the outlook for EUR/USD and EUR/GBP mixed


https://www.dailyfx.com/news/eur-usd-and-eur-gbp-latest-retail-sentiment-analysis-20240620.html?utm_source=dlvr.it&utm_medium=blogger

UK Inflation Hits Bank of England Target – What Now?

Headline CPI in the UK hit the Bank of England’s (BoE) target of 2%, so why isn’t a rate cut imminent? The answer lies in the details


https://www.dailyfx.com/news/uk-inflation-hits-bank-of-england-target-what-now-20240619.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom

Gold drivers dissipate with no notable escalations in Eastern Europe or the Middle East, while US data fails to fully support rate cut expectations


https://www.dailyfx.com/news/gold-price-update-negative-divergence-hints-at-lower-prices-nfp-marked-recent-bottom-20240618.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Fails to Capitalize on Monday's Reprieve, Downside Risks Persist

EUR/USD technical analysis: 1.0700 support in focus, with 1.0600 and 1.0450 levels on the radar amid downside risks in the run up to elections


https://www.dailyfx.com/news/eur-usd-fails-to-capitalize-on-monday-s-reprieve-downside-risks-persist-20240618.html?utm_source=dlvr.it&utm_medium=blogger

AUD/USD Nudges Higher – RBA Leaves Policy Untouched, Discussed Hiking Rates

The economic outlook remains uncertain and inflation remains too high, according to a hawkish Reserve Bank of Australia.


https://www.dailyfx.com/news/aud-usd-nudges-higher-rba-leaves-policy-untouched-discussed-hiking-rates-20240618.html?utm_source=dlvr.it&utm_medium=blogger

Euro Latest – EUR/USD and EUR/GBP Technical Outlooks

The Euro bounced back from heavily oversold conditions on Wednesday, helped by a softer than expected US inflation report.


https://www.dailyfx.com/news/euro-latest-eur-usd-and-eur-gbp-technical-outlooks-20240613.html?utm_source=dlvr.it&utm_medium=blogger

NFP Preview: Is the US Job Market Finally Weakening?

Months of restrictive monetary policy have had little effect on the labour market but recent jobs data suggests we may be approaching a steady decline


https://www.dailyfx.com/news/nfp-preview-is-the-us-job-market-finally-weakening-20240607.html?utm_source=dlvr.it&utm_medium=blogger

ZAR Update: ANC Seeks Broad ‘Unity’ Government as Coalition Talks Continue

The South African Rand has surrendered a lot of ground as the uncertainty around the new coalition government hangs in the balance


https://www.dailyfx.com/news/zar-update-anc-seeks-broad-unity-government-as-coalition-talks-continue-20240606.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Slips Further, Gold Nudges Higher, Bitcoin Poised for a New ATH

US Treasury yields remain in a downtrend and that’s hurting the dollar. Gold continues to recover while Bitcoin eyes a new all-time high.


https://www.dailyfx.com/news/us-dollar-slips-further-gold-nudges-higher-bitcoin-poised-for-a-new-ath-20240606.html?utm_source=dlvr.it&utm_medium=blogger

ECB Cuts Interest Rates as Expected, Upward Revisions to Inflation and Growth Lift the Euro

The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growth in 2024


https://www.dailyfx.com/news/ecb-cuts-interest-rates-despite-upward-revisions-to-inflation-growth-forecasts-20240606.html?utm_source=dlvr.it&utm_medium=blogger

British Pound (GBP) Latest – GBP/USD and EUR/GBP Technical Outlooks

Sterling continues to push higher against a range of currencies with GBP/USD eyeing a fresh three-month high and EUR/GBP a 22-month low.


https://www.dailyfx.com/news/british-pound-gbp-latest-gbp-usd-and-eur-gbp-technical-outlooks-20240606.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday

Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.


https://www.dailyfx.com/news/us-dollar-sell-off-stalls-after-strong-us-ism-services-report-nfps-released-on-friday-20240605.html?utm_source=dlvr.it&utm_medium=blogger

BoC Cuts Rates as Inflation Settles into Target Range, CAD Weakens

The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD


https://www.dailyfx.com/news/boc-cuts-rates-as-inflation-settles-into-target-range-cad-weakens-20240605.html?utm_source=dlvr.it&utm_medium=blogger

Gold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move

Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term


https://www.dailyfx.com/news/gold-xau-usd-looking-technically-oversold-us-data-nfps-key-for-next-move-20240605.html?utm_source=dlvr.it&utm_medium=blogger

AUD/USD Outlook: Aussie Growth Stagnates, Currency Resilient Amid Weaker US Data

Aussie growth stalls in Q1, growing just 0.1% as household spending falters. AUD/USD holds steady for now, with key support and resistance levels identified ahead of NFP


https://www.dailyfx.com/news/aud-usd-outlook-aussie-growth-stagnates-currency-resilient-amid-weaker-us-data-20240605.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to Watch

US dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop


https://www.dailyfx.com/news/us-dollar-price-action-setups-eur-usd-aud-usd-usd-chf-levels-to-watch-20240604.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin (BTC), Ethereum (ETH) – Technical Outlooks

Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.


https://www.dailyfx.com/news/bitcoin-btc-ethereum-eth-technical-outlooks-20240604.html?utm_source=dlvr.it&utm_medium=blogger

Commodity Update: Gold, Silver and Oil Decline Ahead of US Jobs Data

A weaker US dollar has struggled to propel commodity prices higher as gold and silver head lower. Oil markets sink on news of supply returning later this year


https://www.dailyfx.com/news/commodity-update-gold-silver-and-oil-decline-despite-a-softer-us-data-20240604.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key

The US dollar fell Monday after data showed ongoing weakness in the US manufacturing sector, pushing USD/JPY to a two week low.


https://www.dailyfx.com/news/usd-jpy-below-156-00-on-us-dollar-weakness-us-jobs-data-remains-key-20240604.html?utm_source=dlvr.it&utm_medium=blogger

Euro Outlook Ahead of the ECB Rate Decision – EUR/USD, EUR/CHF Setups

Euro in focus ahead of the highly likely ECB rate cut. Euro positioning has improved in recent weeks and softer US data could improve the outlook for the single currency


https://www.dailyfx.com/news/euro-outlook-ahead-of-the-ecb-rate-decision-eur-usd-eur-chf-setups-20240603.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher

The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.


https://www.dailyfx.com/news/us-dollar-index-slips-as-us-manufacturing-contracts-again-gold-nudges-higher-20240603.html?utm_source=dlvr.it&utm_medium=blogger

GBP/USD Testing 1.2700 as USD Picks Up a Bid, UK Manufacturing Expands in May

Cable is struggling to move higher despite positive UK manufacturing data. The dollar remains better bid and this is driving GBP/USD lower.


https://www.dailyfx.com/news/gbp-usd-testing-1-2700-as-usd-picks-up-a-bid-uk-manufacturing-expands-in-may-20240603.html?utm_source=dlvr.it&utm_medium=blogger

OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering

Oil attempts to find support after OPEC+ extended output cuts into 2025. Oil prices attempt to make a recovery after multiple days of losses


https://www.dailyfx.com/news/opec-fights-declining-oil-prices-with-extended-production-cuts-phased-tapering-20240603.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq

The ECB is fully expected to start cutting interest rates on Thursday while the monthly US NFPs follow the next day.


https://www.dailyfx.com/news/markets-week-ahead-ecb-rate-decision-us-nfps-usd-gold-euro-nasdaq-20240602.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Bears Take Out Key Support, Next Leg Lower May Be Underway

This article solely discusses gold’s near-term technical outlook, analyzing market sentiment and price action dynamics. Potential scenarios that could play out over the coming days are also scrutinized.


https://www.dailyfx.com/news/xau-usd-gold-price-forecast-bears-take-out-key-support-next-leg-lower-may-be-underway-20240601.html?utm_source=dlvr.it&utm_medium=blogger