EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip

EUR/USD could extend recent losses if a bearish double top pattern is confirmed with a break below key technical support around the 1.0655 area.

from DailyFX – Market News https://ift.tt/9OZENpy
via IFTTT

S&P 500, Nasdaq 100 Dejected after Red-Hot Retail Sales, High CPI. What Now for Stocks?

The recent jump in U.S. Treasury yields on hawkish repricing of Fed monetary policy, following strong inflation and retail sales, will create headwinds for the U.S. equity market.

from DailyFX – Market News https://ift.tt/q30JNlV
via IFTTT

Gold Price Forecast: XAU/USD Battered in the Aftermath of US CPI

Gold prices (XAU/USD) have extended losses in the aftermath of US CPI, driving GC futures below prior psychological support turned resistance at $1,850.

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

US Retail Sales Beat Expectations, US Dollar (DXY) Continues to Move Higher

Retail sales beat market forecasts by a margin in January, according to the latest US Census Bureau release, underpinning an already strong US dollar

from DailyFX – Market News https://ift.tt/tD5z4PZ
via IFTTT

FTSE Price Outlook: UK Index Falters at 8000 Level as signs of Fatigue Show

The FTSE 100 Index has pushed higher, making new all-time highs over the past week. However, signs of fatigue have appeared at the psychological 8000 level

from DailyFX – Market News https://ift.tt/6minjcX
via IFTTT