US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release
2021-04-30 07:00:00
Daniel Moss,
Analyst
US Dollar, DXY, PCE Price Index, Federal Reserve, Fed Funds Rate – Talking Points:
Equity markets drifted lower during APAC trade as regulatory restrictions weighed on regional risk sentiment.
Fed tapering bets may underpin the US Dollar against its major counterparts in the near term.
Falling Wedge pattern suggests a reversal higher could be on the cards for the DXY.
Asia-Pacific Recap
Equity markets slipped lower during Asia-Pacific trade, as a slew of regulatory restrictions in China weighed on market sentiment. Chinese regulators imposed a range of restrictions on the financial division of several major technology companies in an attempt to keep the firms in check. Australia’s ASX 200 (-0.93%), China’s CSI 300 (-1.05%), Hong Kong’s Hang Seng Index (-1.8%) and Japan’s Nikkei 225 (-0.88%) all registered losses on the day.
British Pound (GBP) Price Outlook: 1 40 in Sight Despite Ousting of Arlene Foster
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Gold Price Outlook - Potential Breakout Looming as Fed, US Data Prints and Tech Company Results Collide
2021-04-27 09:00:00
Nick Cawley,
Strategist
Gold (XAU/USD) Analysis, Price and Chart
Gold remains in a range for now.
Fed meeting, US data, and tech company earnings may drive volatility.
Gold traders need to be aware that there is a slew of potential drivers of a range breakout on the horizon, as the latest FOMC decision and outlook, US Q1 GDP numbers, and a host of big technology company results collide this week. The Federal Reserve is expected to keep all policy measures unchanged but it is chair Powell’s post-release remarks, especially on inflation and tapering, that need to be followed closely. On the data calendar, today’s consumer confidence number will be followed by the first look at US Q1 GDP on Thursday and PCE – the Feds preferred measure of inflation – on Friday. US data has been strong of late and the market forecast of Q1 GDP (6.5%) may be low, spark
Gold Price Outlook: XAU Techs to Watch in the Days Ahead
2021-04-22 13:00:00
Paul Robinson,
Strategist
Gold Price Technical Outlook
Using the channel structure as a guide for shaping trading outlook
A quick peek at silver reveals similar is taking shape there as well
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Gold Price Outlook: XAU Techs to Watch in the Days Ahead
The past three weeks have been some of the most constructive for gold since the last rally ending in the beginning of the year. Perhaps this rally will suffer a similar fate, but for now the trading bias in the near-term is neutral to higher depending on where it trades within the developing channel.
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