US Dollar Outlook: EUR/USD Under Pressure as Volatility Ramps

EUR/USD price action edged notably lower on Wednesday amid broad-based US Dollar strength as volatility spiked and Fed Chair Powell cautioned markets about a slowing economic recovery.

from DailyFX – Market News https://bit.ly/2M3NOAy
via IFTTT

Nasdaq 100 Forecast: Bears Battle Retail Traders as Tech Earnings Arrive

Despite a Fed meeting and earnings from some of the market’s largest companies, the finance world was glued to a few single-name stocks that continue to soar. Still, broader sentiment has deteriora…

from DailyFX – Market News https://bit.ly/39kSvi1
via IFTTT

Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall

The price of oil bounces back ahead of the weekly low ($51.82) as fresh data prints coming out of the US show an unexpected contraction in crude inventories.

from DailyFX – Market News https://bit.ly/3abcZsU
via IFTTT

Gold Price, Dow, DXY React to January 2021 Fed Rate Decision

The Federal Reserve just released its January 2021 monetary policy update. How is the latest Fed announcement weighing on gold, the Dow Jones, and US Dollar?

from DailyFX – Market News https://bit.ly/3iZf8vF
via IFTTT