DailyFX analysts report every day on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes. DailyFX.com also provides analysis of market moves, explaining economic, political, and technical factors driving the market.
DailyFX analysts report every day on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes. DailyFX.com also provides analysis of market moves, explaining economic, political, and technical factors driving the market.
Euro (EUR/USD) Latest – German Economic Outlook Slumps in August
The ZEW economic outlook turned sharply lower in August with economic expectations declining at their fastest rate in two years.
Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher
Bitcoin has rallied sharply off Monday’s spike low but further gains are currently capped by a pair of simple moving averages.
RBA Governor Stresses Optionality amid Risks to Inflation and Growth
The RBA maintained a slight hawkish bias on Tuesday, holding interest rates despite rising unemployment and signs pointing to subdued growth in Q2. Focus on stubborn CPI
Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises
The recent USD/JPY sell-off found short-term support after BoJ Deputy Governor Uchida downplayed another rate hike during volatile market conditions
Global Sell-off Takes a Breather – USD/JPY and ADU/JPY in Focus
The unravelling of the carry trade has amplified USD/JPY selling while markets look to AUD/JPY as a helpful gauge of risk sentiment
Gold, Oil Rally Sharply as Middle East Tensions Escalate; US FOMC, NFPs Near
The death of Hamas leader Ismail Haniyeh in Tehran has ratcheted up tensions in the Middle East and this is boosting the price of oil and haven gold.
BoJ Hikes Rates to 0.25% and Outlines Bond Tapering, Yen Strengthened
Japan's central bank takes a hawkish turn with a rate hike and tapering timeline. USD/JPY key levels identified
Bitcoin Rallies on Trump Support, How do BTC and ETH Shape up?
Crypto enthusiasts received a massive vote of confidence in the fight to further legitimise the digital currency as Donald Trump vows to create a bitcoin stockpile
US Inflation Data Little Changed in June, USD and Gold Listless Post-release
US Core PCE, the Fed’s preferred measure of inflation, was unchanged in June at 2.60% y/y, while monthly personal income fell by more than forecast.
The US Economy Grew by 2.8% in Q2 Compared to 1.4% in Q1, US Dollar Little Changed
US real gross domestic product (GDP) increased at a rate of 2.8% in the second quarter of 2024, beating market forecasts, according to the advance estimate.
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