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.
US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
DailyFXUSD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key
The US dollar fell Monday after data showed ongoing weakness in the US manufacturing sector, pushing USD/JPY to a two week low.
DailyFXGBP/USD Testing 1.2700 as USD Picks Up a Bid, UK Manufacturing Expands in May
Cable is struggling to move higher despite positive UK manufacturing data. The dollar remains better bid and this is driving GBP/USD lower.
DailyFXOPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering
Oil attempts to find support after OPEC+ extended output cuts into 2025. Oil prices attempt to make a recovery after multiple days of losses
DailyFXBitcoin (BTC), Ethereum (ETH) Rally on Hong Kong Spot ETF Approval Rumors
News sources are reporting that multiple issuers have been given approval to launch spot Bitcoin and Ethereum ETFs in Hong Kong.
DailyFXMarkets Week Ahead: Markets Risk-On, BoE Decision, Gold, Nasdaq, Bitcoin
Risk markets regained all their early losses this week and continue to press higher. A benign FOMC and a weak US Jobs Report boosted markets going into the weekend.
DailyFXBitcoin (BTC), Ethereum (ETH) – Technical Outlooks
Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.
DailyFXUS Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
DailyFXGold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move
Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term
DailyFXUS Dollar Slips Further, Gold Nudges Higher, Bitcoin Poised for a New ATH
US Treasury yields remain in a downtrend and that’s hurting the dollar. Gold continues to recover while Bitcoin eyes a new all-time high.
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