December 01, 2022 at 12:30PM US equities shot up after Fed Chair Powell’s dovish comments which dovetails nicely with the positive sentiment out of China as easier lockdown measures are considered
British Pound Latest GBP/USD Prints a Fresh Multi-Month High
December 01, 2022 at 12:15PM Cable is benefitting from the latest US dollar sell-off and is now probing an important long-term technical indicator.
USD/JPY Update: BoJ and Fed Chair Powells Comments Form Perfect Cocktail for Yen Gains
December 01, 2022 at 11:01AM USD/JPY picked up steam yesterday as the dollar index recorded its worst month of losses in 12 years. Further downside ahead or time for a retracement?
How to Learn Technical Analysis with DailyFX
December 01, 2022 at 10:15AM Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more…
Euro (EUR) Latest: EUR/USD Set For Further Gains After Fed Powells Dovish Nudge
December 01, 2022 at 10:03AM Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to be held higher for longer.
AUD/USD Forecast: Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed
December 01, 2022 at 08:21AM The Australian dollar pushed higher on the back of a weaker USD and an improving Chinese COVID situation leaving AUD/USD above 0.68.
Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?
December 01, 2022 at 04:30AM The Japanese Yen continued higher after US Dollar today as the market has deciphered Fed Chair Powell’s comments are not as hawkish as had been feared. Where to for USD/JPY?
S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average Inflation and NFPs Ahead
December 01, 2022 at 03:00AM With less than two weeks to go until the last FOMC rate decision of the year, Fed Chairman Jerome Powell addressed the markets with remarks to suggest a smaller pace of rate hikes is ahead but that the end point for the benchmark is still higher than previously thought. A S&P 500 break suggests the market focused on the tempo.
US Dollar Sails South as Powell Puts the Fed Case Forward. How Low Can USD Go?
December 01, 2022 at 01:30AM The US Dollar was smashed after hawkish comments by Federal Reserve Chair Jerome Powell overnight were interpreted as a dovish tilt by markets. Will real yields drive the DXY (USD) Index?
Crude Oil Rises a Third Day from 76 Support as Risk Appetite Adds to Supply Data
November 30, 2022 at 09:30PM Crude oil prices charged higher for a third straight session, further setting the 76 support level established by the 61.8 percent Fibonacci level of the commodity’s historical range. But what would keep the market advancing from here?