Forex Market News & FX Forecast (2024)

S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

2024-03-05 18:17:33

Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices

Crude Oil Prices Struggle As China Growth Plans Fail to Convince

2024-03-05 15:00:10

Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies

Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

2024-03-05 13:00:29

A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later.

Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

2024-03-05 09:22:14

Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

2024-03-04 16:30:00

USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.

Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

2024-03-05 13:00:29

A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later.

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

2024-03-04 16:30:00

USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.

British Pound Gains Again Despite UK Spring Budget Jitters

2024-03-04 12:30:12

The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.

Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

2024-03-03 18:00:00

The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.

USD/JPY Recovers on Ueda's Dovish Remarks, Critical Tech Levels Ahead

2024-03-01 16:10:00

The yen lost ground on Friday after BoJ Governor Ueda indicated that inflation is retreating rapidly and that further confirmation of the sustainability of the price goal is needed to change strategy, signaling that a March rate hike is unlikely.

Crude Oil Prices Struggle As China Growth Plans Fail to Convince

2024-03-05 15:00:10

Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies

Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

2024-03-05 09:22:14

Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024

Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

2024-03-04 14:36:59

OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger

Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

2024-03-04 09:02:08

Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?

Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

2024-03-02 18:00:00

Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week's bullish breakout, however, depends on the upcoming U.S. jobs report.

Gold Price Outlook: Fundamentals & Technicals at Odds, What Now for XAU/USD?

2024-03-01 00:30:00

This article examines gold’s near-term outlook, exploring various scenarios that may arise following the release of core PCE data, which is considered the Federal Reserve's preferred inflation measure.

S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower

2024-03-05 18:17:33

Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices

Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers

2024-03-04 18:30:17

The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP

Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall

2024-02-29 12:30:00

US indices continue to tiptoe lower after last week’s highs, while the Hang Seng’s bounce from the January lows is coming under pressure.

FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs

2024-02-28 11:00:00

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the second estimate of the US Q4 GDP growth and PCE inflation prints.

Nvidia Poised for New All-Time High After Earnings Beat, S&P 500 Buoyed

2024-02-22 14:21:37

Nvidia put aside concerns of waning demand and supply chain constraints after the chip maker followed up its Q4 earnings beat with a positive outlook for Q1 2024

FTSE 100 Recovers, while Dax and Dow make Further Gains

2024-02-16 12:00:00

Indices have put the US CPI reading firmly behind time, with the Dax moving to a new record and the Dow targeting 39,000. Even the FTSE 100 is moving higher.