ISM Services Tops Estimates, Job Openings Plunge Weighing on the US Dollar

US ISM SERVICES KEY POINTS: Recommended by Zain Vawda Introduction to Forex News Trading US ISM services PMI remained robust in November, topping estimates coming in at 52.7 in November 2023 from 51.8 in October. Activity in the services sector has now expanded for the 11th consecutive month following todays print. The services sector had … ادامه

Oil Struggles to Reverse Course as US Production Hits Record Levels

Brent Crude Oil News and Analysis Oil unable to arrest the decline despite imminent SPR purchases Saudi Arabia issues support for additional supply cuts and a slow withdrawal of the policy to keep prices stabilized The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit … ادامه

Dovish ECB Commentary Weighs on EUR/USD, Yields Slump

EUR/USD Forecast – Prices, Charts, and Analysis ECB’s Isabel Schnabel – ‘inflation developments have been encouraging’. The single currency remains under pressure as rate-cut expectations grow. Learn How to Trade EUR/USD with our Complimentary Guide Recommended by Nick Cawley How to Trade EUR/USD Most Read: Euro (EUR) Forecast: EUR/USD, EUR/GBP Crumble as Rate Cut Talk … ادامه

Dow Holds Gains while Nasdaq 100 Slips Lower and Hang Seng Slumps to One-Year Low

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq, Hang Seng – Analysis and Charts ​​​Dow consolidates after surge ​Last week saw the index surge to its highest level since January 2022.​A 12% gain in the space of a month does arguably leave the index looking vulnerable in the short-term, though for the … ادامه

XAU/USD Calmer after Massive Same-Day Reversal

Gold (XAU/USD) Analysis Bullish impetus reflects the positive outlook for gold into 2024 Gold volatility spikes but follow-through remains uncertain The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade Gold Bullish Impetus Reflects … ادامه

RBA Holds Rates, Aussie Dollar Slips

AUD/USD ANALYSIS & TALKING POINTS RBA holds off on rate hike with 4.35% the possible peak. US ISM services PMI under the spotlight later today. AUD/USD bears testing 200-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN DOLLAR Q4 outlook today for exclusive insights into key market … ادامه

Gold Clobbered after Fakeout; EUR/USD, Nasdaq 100 Hit by Rebound in US Yields

FORECAST – GOLD, EUR/USD, NASDAQ 100 Gold prices retreat after failing to sustain Monday’s brief bullish breakout The Nasdaq 100 also loses ground, dragged lower by the rebound in U.S. Treasury yields EUR/USD slides but finds support around its 200-day simple moving average Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and … ادامه

Mixed Technical Signals and a Stronger US Dollar Weigh on Cable

GBP PRICE, CHARTS AND ANALYSIS: Read More: Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming? GBPUSD continues to struggle hovering around the 1.2600 handle as mixed technical and a strong USD weigh on Cable. A return of safe haven demand as the week began has benefitted the US Dollar and the Dollar Index … ادامه

US Dollar Flies as US Yields Spring Back to Life, Setups on USD/JPY, AUD/USD

US DOLLAR FORECAST – USD/JPY AND AUD/USD The U.S. dollar gains as U.S. yields mount a solid comeback USD/JPY bounces off trendline support, reclaiming the 147.00 handle Meanwhile, AUD/USD turns lower after failing to take out overhead resistance Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the … ادامه

WTI Prints Double Bottom Pattern. Recovery Incoming?

OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices struggled for the majority of the day before finding some joy in the US session. The question is whether there is enough optimism among market participants to inspire a recovery in price? Trade Smarter – Sign up … ادامه