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#DailyFX - Market News
fonecablecom · 9 months
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S&P 500 and Nasdaq 100 Make Gains While CAC40 Struggles
July 27, 2023 at 01:00PM US indices have made headway after the Fed decision, but today’s ECB meeting has kept the CAC40 in check
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fonecablecom · 1 month
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Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower
March 05, 2024 at 10:00PM The cryptocurrency market jumped and dumped quickly today after Bitcoin set a new all-time high. Further losses ahead or a short-term market correction?
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fonecablecom · 1 month
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S&P 500 Nasdaq Ease After Apple and Tesla Lead Indices Lower
March 05, 2024 at 06:17PM 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
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fonecablecom · 2 months
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Crude Oil Prices Struggle As China Growth Plans Fail to Convince
March 05, 2024 at 03:00PM Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies
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fonecablecom · 2 months
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Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear
March 05, 2024 at 01:00PM 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.
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fonecablecom · 2 months
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Gold Prices Surge Ahead of Key US Data All-Time High in Sight
March 05, 2024 at 09:22AM 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
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fonecablecom · 2 months
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Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data Fed Speakers
March 04, 2024 at 06:30PM 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
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fonecablecom · 2 months
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USD/JPY Starts Week Strong; Tokyo Inflation ISM Services Powell & NFP in Focus
March 04, 2024 at 04:30PM 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.
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fonecablecom · 2 months
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Oil Price Outlook: OPEC Extends Supply Cuts into Q2 WTI & Brent Ease
March 04, 2024 at 02:36PM 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
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fonecablecom · 2 months
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British Pound Gains Again Despite UK Spring Budget Jitters
March 04, 2024 at 12:30PM The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.
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fonecablecom · 2 months
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Gold (XAU/USD) Price Probes Fresh Multi-Month Highs More to Follow as NFPs Loom?
March 04, 2024 at 09:02AM 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?
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fonecablecom · 2 months
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Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell BoC & NFP Loom
March 03, 2024 at 06:00PM The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.
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fonecablecom · 2 months
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Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data
March 02, 2024 at 06:00PM 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.
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fonecablecom · 2 months
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USD/JPY Recovers on Ueda's Dovish Remarks Critical Tech Levels Ahead
March 01, 2024 at 04:10PM 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.
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fonecablecom · 2 months
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Euro (EUR) Price Latest EU Core Inflation Remains Sticky EUR/USD Testing 1.0800 Again
March 01, 2024 at 10:55AM EU core inflation y/y dipped to 3.1% in February from 3.3% in January but came in above market expectations of 2.9%. EUR/USD eyeing a break below 1.0800.
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fonecablecom · 2 months
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Japanese Yen Outlook: Yen Appeal Proves Short-lived Wage Data in Focus
March 01, 2024 at 09:11AM The Japanese Yen has surrendered the majority of its gains just 24 hours after BoJ Board Member Hajime’s calls for policy normalisation. Huge focus on wage data this month
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