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Forex Outlook: Key Levels to Watch- The dollar index needs to break above 102.75 for further gains; otherwise, it may fa...
08/10/2024

Forex Outlook: Key Levels to Watch
- The dollar index needs to break above 102.75 for further gains; otherwise, it may fall towards 102 or lower.

- The euro is attempting to rebound. If it confirms a breakout above 1.10, it can rise to 1.1050; if it fails, it may drop to the 1.0900 support level.

- USD/JPY and EUR/JPY could test 146 and 161 if they continue to decline.

- The GBP appears stable around current levels but needs to break above 1.31 for a bullish outlook; otherwise, it might test 1.30-1.29 before bouncing back.

Look out for today’s U.S. trade balance data!

Forex Market Briefing (August 27, 2024)After a strong 9.9% surge in U.S. durable goods orders, the U.S. Dollar Index ( ...
27/08/2024

Forex Market Briefing (August 27, 2024)
After a strong 9.9% surge in U.S. durable goods orders, the U.S. Dollar Index ( ) has seen a slight recovery. We're now watching closely to see if the index will climb further towards the 101.50-101.75 range. This week's key focus will be on the Fed's preferred inflation gauge, the PCE inflation rate, set to be released on Friday.

: Currently below the 1.1250/1.1300 range, the euro could drop back to the 1.1150-1.1100 zone in the short term.

: The pair needs to break above 145.00 to turn bullish again, while EUR/JPY is expected to stay within the 160-164 range for a while.

: The British pound is holding below the resistance at 1.3250 and might soon decline towards 1.30 or lower.

: The Australian dollar has failed to break above 0.68; a fall below 0.6750 could trigger a further drop to the 0.67-0.6650 range.

: The pair must stay above 7.12 to potentially rebound to 7.18.

: The euro could fall back to the 93-92 range in the coming days if it breaks below 94.

: The pair is likely to continue trading within the 84.00-83.75 range in the near term.

and : Both have seen slight declines, but as long as they remain above their short-term support levels, there’s still a chance they could rise towards key resistance levels.

🔥2 September 2022 FxGecko Forex NewsFOREX: The dollar index hit a new 20-year high on Thursday, with the interest-rate-s...
02/09/2022

🔥2 September 2022 FxGecko Forex News
FOREX: The dollar index hit a new 20-year high on Thursday, with the interest-rate-sensitive yen touching a 24-year high. This came after US data showed a resilient economy, giving the Federal Reserve more room to aggressively raise interest rates to curb inflation.

Gold: Gold prices fell below the key $1,700 level on Thursday for the first time since July, as a rising dollar and expectations of aggressive interest rate hikes weakened gold's appeal.

Crude oil: Oil prices plunged nearly 3% on Thursday as concerns mounted that high inflation and interest rate hikes were weakening fuel demand.

🔥Investors are focused on Friday's release of the US non-farm payrolls report for August, which will be one of the key figures guiding Federal Reserve policymakers at their September meeting.

01/09/2022

🔥1 September 2022 FxGecko Forex News
The dollar eased against a basket of currencies on Wednesday, but remained close to the 20-year highs hit on Monday. Traders braced for more rate hikes from the Federal Reserve.

The dollar index ended the session down 0.1% at 108.66, having earlier been close to Monday's 20-year high of 109.48.

The euro rallied back above parity against the dollar, but the outlook for the euro remains mired in uncertainty, weighed down by the energy crisis and recession fears.

🔥For more：https://www.fxgecko.net/en_US/articles/121674.html

31/08/2022

Crude Oil Trading Strategy for August 31
U.S. crude oil was narrowly oscillating during the Asian and European sessions on Wednesday (Aug. 31), currently trading near $92.11/barrel as investors await the EIA crude oil inventory series data due out in the evening.
For more:https://www.fxgecko.net/en_US/articles/121239.html

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