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ShortTerm

Yen Faces Short-Term Pressure Following Ueda Inauguration

USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free JPY Forecast USD/JPY FUNDAMENTAL BACKDROP The Yen looks set to face some immediate selling pressure following the inauguration of Kazuo Ueda as the new Bank of Japan Governor. Murmurs have continued to persist regarding a potential policy shift by the incoming Governor, however …

Yen Faces Short-Term Pressure Following Ueda Inauguration Read More »

Short-Term Bounce Potential at $1800 Psychological Level

GOLD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter MOST READ: US Dollar (DXY) Technical Forecast: Bullish Dollar Index Facing Technical Challenges in the Week Ahead Gold (XAU/USD) FUNDAMENTAL BACKDROP Gold prices declined in the Asian session …

Short-Term Bounce Potential at $1800 Psychological Level Read More »

Gold Prices Look Oversold but the Short-Term Outlook Remains Uncertain

Gold Price (XAU/USD), Chart, and Analysis Gold is struggling to make any headway. Will Tuesday’s US CPI data match the Fed’s hawkish narrative? Recommended by Nick Cawley How to Trade Gold US Bond Yields Rally Further Ahead of a Major US Inflation Report Federal Reserve chair Jerome Powell will be watching Tuesday’s US CPI release …

Gold Prices Look Oversold but the Short-Term Outlook Remains Uncertain Read More »

Gold Price Latest – FOMC Minutes and Data Key to Short-Term Price Action

Gold Price (XAU/USD), Chart, and Analysis FOMC minutes may underpin the Fed’s hawkish stance. Gold is likely to remain rangebound going forward. Recommended by Nick Cawley Get Your Free Gold Forecast US dollar volatility is likely to increase over the next 24-36 hours with a host of Fed speakers, economic releases, and the latest FOMC …

Gold Price Latest – FOMC Minutes and Data Key to Short-Term Price Action Read More »

Descending Triangle Highlights Yen’s Short-Term Prospects

USD/JPY News and Analysis Disappointing Chinese data, Guangzhou district lockdowns weigh on risk sentiment Yen performance may prove short-lived despite bearish triangle as the 145 psych level holds firm for now. Carry trade dynamics hold firm as Fed continues to hike US CPI and Michigan consumer sentiment data up next with Japan GDP next week …

Descending Triangle Highlights Yen’s Short-Term Prospects Read More »

GBP/USD Surrenders 1.15 Confluence Area, Short-Term Upside Remains a Possibility

GBP/USD Surrenders the Key Confluence area around 1.1500. Broad-Based Dollar Weakness and Improving Sentiment Could Push the Pair Higher Ahead of Thursday’s US Inflation Data. Cable Remains Under Pressure Long-term as the Economic Outlook Remains Grim. Recommended by Zain Vawda Get Your Free Top Trading Opportunities Forecast GBP/USD Fundamental Backdrop Cable has started the day …

GBP/USD Surrenders 1.15 Confluence Area, Short-Term Upside Remains a Possibility Read More »

Gold Prices May Rise Short-Term After Soft US ISM Data Crushed the US Dollar

Gold, XAU/USD, ISM Manufacturing, Technical Analysis – Briefing: Gold prices rally the most in months as the US Dollar fell Soft US ISM Manufacturing data cooled Fed rate hike bets A rosy day for risk appetite may bode well for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices rallied 2.32% on …

Gold Prices May Rise Short-Term After Soft US ISM Data Crushed the US Dollar Read More »

Gold Price Update – Sellers in Short-Term Control of XAU/USD

Gold Price (XAU/USD), Chart, and Analysis Gold may test multi-week lows. The Fed chair’s semi-annual congressional testimony is imminent. For all market-moving data releases and events, see the DailyFX Economic Calendar. Gold is making a short-term series of lower highs on the daily chart which may suggest the $1,805/oz. to $1,815/oz. zone of near-term support …

Gold Price Update – Sellers in Short-Term Control of XAU/USD Read More »

S&P 500 Holds Losses Despite Pullback in Short-Term Consumer Inflation Expectations

CONSUMER INFLATION EXPECTATIONS KEY POINTS: April U.S. consumer inflation expectations at a one-year horizon falls to 6.3% from 6.6% in March In contrast, longer term inflation expectations (36-months) edge up to 3.9% from 3.7% U.S. stocks hold losses as investors remain focused on the April CPI print expected to be released Wednesday Most Read: S&P …

S&P 500 Holds Losses Despite Pullback in Short-Term Consumer Inflation Expectations Read More »

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