Etiqueta: DailyFX – Market News

Gold Price Steady After US Dollar Pummelling. Will XAU/USD Rally Again?

The gold price fell victim to US Dollar strength post solid jobs numbers as the market appears to be taking on board the Fed’s agenda for rates. Where to for XAU/USD?

from DailyFX – Market News https://bit.ly/3Qg03Xn
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VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts

Rate expectations seem to be taking the lead as the first major theme to worry global traders minds’ in 2023. Speculation around the Fed’s bearings drove the Dollar higher this past session, but the S&P 500 kept its range in check. Will the NFPs override the lowest ‘volatility of volatility’ reading in years?

from DailyFX – Market News https://bit.ly/3GIy6Ed
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US Dollar Soars as Rosy ADP Report Shapes High Expectations for NFPs Next

The US Dollar soared as the S&P 500 sank after a rosy ADP employment report shaped high expectations for Friday’s non-farm payrolls report. Will the DXY Index reverse?

from DailyFX – Market News https://bit.ly/3vILWAo
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AUDUSD, AUDJPY and AUDNZD Outlook Present Very Different Pictures

The Australian Dollar is one of the major currencies, but it significantly less liquid than some of its major counterparts. That can translate into significantly different market performances among the crosses. We look at the rapid reversals of AUDUSD, the drawn out turn threat of AUDJPY and AUDNZD’s productive trending.

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