GBP/USD Bounded by Fibonacci Support & Trendline Resistance

GBP/USD OUTLOOK: GBP/USD has been trending lower over the past three months or so After recent price action, cable appears compressed between trendline resistance and Fibonacci support This article presents important technical levels worth watching in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from … ادامه

USD/JPY Breaches 150 Ahead of US PCE

Japanese Yen (USD/JPY) Analysis USD/JPY goads Japanese officials after latest move above 150 Japanese government bond yields rise, prompting more buying from the BoJ US PCE data tomorrow and the Bank of Japan meeting concludes on Tuesday The analysis in this article makes use of chart patterns and key support and resistance levels. For more … ادامه

US Q3 GDP Smashes Estimates as the DXY and Gold Adopt a Cautious Approach

US GDP Q3 ’23 (PRELIM) KEY POINTS: READ MORE: S&P500, NAS100 Weighed Down by Tech Earnings and Rising Yields. 4000 Level Up Next? Elevate your trading skills and gain a competitive edge. Get your hands on the US Dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s … ادامه

ECB Leaves Interest Rates Unchanged, EUR/USD Slips Lower

EUR/USD Forecast – Prices, Charts, and Analysis ECB leaves rates unchanged as expected. EUR/USD heading towards 1.0500. Recommended by Nick Cawley How to Trade EUR/USD The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in … ادامه

Nasdaq 100, Nikkei 225 and S&P 500 all Come Under Fresh Pressure

Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts ​​​Nasdaq 100 losses resume ​Losses accelerated on Wednesday, taking the index to its lowest level since early June. ​A move towards the lower bound of the channel appears likely, which would see the index head down to 14,250. … ادامه

GBP/USD Falls Ahead of High Importance US Data

Pound Sterling (GBP/USD) Analysis GBP/USD struggles to build positive momentum as USD makes a comeback Lack of bullish drivers for GBP ahead of high impact US data highlights bearish path IG client positioning reveals further divergence in positioning – contrarian bearish bias maintained The analysis in this article makes use of chart patterns and key … ادامه

US Indices Beginning to Look Vulnerable; S&P 500, Nasdaq, Dow Price Setups

S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 is testing support on the 200-DMA. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Looking for actionable trading ideas? Download our top trading opportunities guide … ادامه

Gold Price Ignores Rising Treasury Yields and a US Dollar Rally. Higher XAU/USD?

GOLD, XAU/USD, US Dollar, Treasury Yields, Crude Oil, – Talking Points Gold hit the high notes again today as it scopes new highs Markets are reassessing the outlook with equity markets reeling If the risk-off sentiment prevails, will XAU/USD break above 2000? Recommended by Daniel McCarthy Get Your Free Gold Forecast The spot gold price … ادامه

Japanese Yen Retests 150 Ahead of BOJ; USD/JPY, GBP/JPY, EUR/JPY Setups

US Dollar, Euro, British Pound vs. Japanese Yen – Outlook: USD/JPY is once again testing the psychological 150 mark. Risk of intervention is growing amid speculation of a tweak in BOJ YCC policy. What is the outlook and what are the key levels to watch in select JPY crosses? Looking for actionable trading ideas? Download … ادامه

EUR/USD, AUD/USD on Shaky Ground Ahead of US GDP Data

EUR/USD, AUD/USD OUTLOOK: Traders will closely watch U.S. GDP data on Thursday The U.S. economy is forecast to have grown by 4.3% in the third quarter Strong economic activity numbers could boost the U.S. dollar, sending both EUR/USD and AUD/USD sharply lower Most Read: USD/CAD Fails to Sustain Breakout after Bank of Canada Decision. What’s … ادامه