The gold price is in the middle of its recent range near US$ 1,950 going into the new week with a US Dollar at a crossroads while the Fed is in a blackout period ahead of the FOMC.

from DailyFX – Market News https://ift.tt/GRxV3Sg
via IFTTT

The Australian dollar held the day’s losses against the US dollar after the Chinese economy grew less than expected in the second quarter. How much more downside in AUD/USD?

from DailyFX – Market News https://ift.tt/WPmElxA
via IFTTT

Earnings results from major US banks were somewhat mixed to end last week, with the Financial Select Sector SPDR Fund having formed a bearish engulfing candle on its daily chart.

from DailyFX – Market News https://ift.tt/C9QX6Dg
via IFTTT

Gold, the Nasdaq 100, EUR/USD and GBP/USD all soared this week, while the US dollar broke down after US CPI data surprised to the downside. Traders should keep an eye on whether recent market moves can be sustained as the US earnings season gets underway.

from DailyFX – Market News https://ift.tt/Eisvz4x
via IFTTT

EUR/USD rallied aggressively this past week, rising to its best level since February 2022. With momentum on its side, the pair’s outlook remains positive, but Fibonacci resistance may cap its upside going forward.

from DailyFX – Market News https://ift.tt/U1Jk9OF
via IFTTT