Euro Slides on Ukraine War Negotiations Hurdles Ahead of ECB Meeting. Where to for EUR/USD?
The Euro is under pressure today in the aftermath of US CPI and ongoing Ukraine war worries ahead of the ECB. Will EUR/USD break lower?
DXY Index (USD) Holds Ground as Fed Hawks Eye off US CPI. New Highs Ahead?
The US Dollar has been gaining ground as the Fed’s interest rate hike cycle appears to be accelerating. Will the DXY index break a 2-year peak?
NZD/USD Breaks Support as APAC Traders Brace for Australian Jobs Report, PBOC Action
NZD/USD broke through a critical trendline overnight despite yesterday’s RBNZ rate hike. APAC traders are bracing for Australia’s March jobs report and a potential RRR cut from the PBOC.
AUD/USD Eyes Chinese Trade Data as APAC Traders Weigh RBNZ Bets
The Australian Dollar may react to today’s trade data out of China where a Covid outbreak is ongoing. APAC traders are also weighing the chance for a 50-basis point rate hike from the RBNZ today.
Australian Dollar Forecast: AUD/USD Eyes China CPI Ahead of Event-Heavy Week
AUD/USD is in focus as Asia-Pacific trading kicks off for the week. The lockdowns in Shanghai are under watch as traders prep for several potential high-impact events, including Chinese CPI tonight.
Australian Dollar Forecast: AUD/USD Weighs Risks in APAC Trade Ahead of Weekend
The Australian Dollar fell overnight versus the Greenback despite gains on Wall Street. That momentum may bode well for APAC markets into the weekend, but the Shanghai lockdown is weighing on AUD/USD
Euro Technical Analysis: EUR/USD Morning Star, ECB on Deck
Euro strength has started to show after last week’s sharp sell-off, and there’s even a bullish candlestick formation that’s showing ahead of the Thursday ECB rate decision.
Gold Price Forecast: Gold Breakdown Pulls Back – XAU/USD Levels
Gold reversed aggressively last week and slid down to a fresh monthly low. With the focus on the Fed and higher rates, the bearish theme may not be done just yet.
Gold Price Forecast: Gold Goes Reversal, 1800 Snap Back on FOMC
Gold prices continued to breakdown through FOMC yesterday but a lifeline appears to have shown at the 1800 handle. Can bulls hold on – or is resistance going to play-in off of 1815?
Federal Reserve Rate Decision: FOMC Holds, Focus to March for Lift-Off
The FOMC held rates flat at today’s rate decision, but the devil is in the details and the press conference is where many are looking for clues on the Fed’s stance for the rest of the year.