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22 Apr BirthDailyFX is the leading portal for financial market news covering forex, commodities, and indices.
United States 22 Apr Birth
Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility
CANADIAN DOLLAR PRICE OUTLOOK: USD/CAD, CAD/JPY VOLATILITY TO RISECanadian Dollar weakened considerably last week as market sentiment deteriorated USD/CAD and CAD/JPY price volatility is expected to accelerate in the week aheadBoC rate decision, BoJ monetary policy update, US inflation data, OPEC+ p
Yen Q3 Fundamental Forecast: Road Ahead Remains Tough
Japanese Yen, USD/JPY, Fed, Inflation, Inelastic Travel Demand – Third Quarter Fundamental ForecastJapanese Yen weakness slowed in the second quarter, road ahead not easyA key upside factor for USD/JPY remains a less-dovish Federal ReserveInelastic travel demand, vaccination rates may keep US inflat
Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace
Advertisement Fundamental Forecast for the Australian Dollar: BearishThe third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar.The Citi Economic Surprise Index for Australia, a time-decay measure of data momentu
British Pound (GBP) Weekly Forecast: On Alert for Comments from BOE Members
GBP Analysis & NewsHawkish comments from BOE members keep GBP supportedGBP/USD struggles to keep hold as EUR/GBP looks to break out of descending channel Despite a tough week for GBP/USD the Pound remains supported by expectations of a more hawkish Bank of England. The lead-up to the August MPC
Gold Price to Face Fed Blackout Period Ahead of July Rate Decision
Gold Talking PointsThe price of gold pushed to a fresh monthly high ($1834) as Fed Chairman Jerome Powell relayed a dovish forward guidance in front of US lawmakers, but swings in risk sentiment may influence bullion over the coming days as the Federal Reserve enters the ‘quiet period’ ahead of the
EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness
As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back. Now, after the end of Q2, it looks as though it has further to fall ahead of the results of a European Central
US Dollar Fundamental Forecast: More Upside on Fed Bets, Safe-Haven Flows
US Dollar Fundamental Forecast: BullishUS Dollar benefiting from strong fundamental backdropAccelerated bets on taper talks helping fuel USD StrengthSafe-haven flows aiding Greenback as Asia battle Covid The US Dollar finds itself in a solid fundamental position that may lead to further gains as Fed
GBP/USD Weekly Forecast: Awaiting US NFP to Dictate GBP/USD Outlook
GBP/USDFUNDAMENTAL HIGHLIGHTS: GBP Downed by BoE But Not OutUS NFP to Spark VolatilityDespite the Pound rejecting the key 1.40 area and being pegged down by the BoE, it has been a robust week for GBP/USD as much of the post-FOMC hawkish excitement faded. The BoE’s recent meeting provided little in t
Euro Forecast: Inflation Data May Prompt Fall in EUR/USD Price
Fundamental Euro Forecast: BearishAfter last week’s strong Eurozone PMI and German Ifo data, Euro traders this coming week should focus on inflation numbers from Germany Tuesday and then the Eurozone as a whole Wednesday.The problem is that the European Central Bank will not be raising interest rate
US Dollar Hit with Dovish Fed Rhetoric Ahead of NFP Report
US Dollar Talking PointsThe US Dollar Index (DXY) struggles to retain the advance following the Federal Reserve interest rate decision as a slew of Fed officials endorse a dovish forward guidance for monetary policy, but fresh data prints coming out of the US may prop up the Greenback as employment
Gold Weekly Forecast: XAU/USD Performance Contingent on NFP Data
Key Talking Points:Gold builds momentum as PCE data disappointsNFP data to offer important information about Fed guidance GOLD TAKES ADVANTAGE OF WEAKER YIELDSGold is attempting to bounce back from the $100 drop last week but is struggling to get a foot in the door. Friday’s PCE reading saw gold pri
Australian Dollar Outlook: AUD/USD, S&P 500, Chinese Stocks Rise. Fedspeak, NFPs Eyed
Australian Dollar Fundamental Forecast: NeutralAustralian Dollar recovered with the S&P 500 and Shanghai CompositeFed Chair Jerome Powell, PBOC liquidity boost may have helped AUDEyes turn to Fedspeak, RBA Governor Philip Lowe, US non-farm payrolls The pro-risk Australian Dollar outperformed thi
US Dollar Outlook: A hawkish Fed Pivot – Is the USD Rally Transitory?
USD FUNDAMENTAL HIGHLIGHTS:A hawkish Fed Pivot – Is the USD Rally Transitory? Was it the Fed or the FT that Marked the USD BottomA hawkish Fed Pivot – Is the USD Rally Transitory? A hawkish surprise from the Federal Reserve, with the main takeaway being that the dot plot has shifted towards two rate
British Pound Outlook: GBP/USD Clears May Low Ahead of BoE
British Pound Talking PointsGBP/USD clears the May low (1.3801) as the Federal Reserve forecasts two rate hikes for 2023, and the Bank of England (BoE) interest rate decision may do little to sway the exchange rate as the central bank is widely expected to retain the current course for monetary poli
Euro Forecast: Time to Turn Bearish on Long-Term EUR/USD Price Outlook
Fundamental Euro Forecast: BearishLast week’s FOMC meeting could prove to have been a watershed moment for EUR/USD. It’s now even more clear that the Federal Reserve’s rate-setting committee is more hawkish than the ECB’s, and that will likely weaken EUR/USD further in the weeks ahead.Even in the sh
Pull-up Update
