After enjoying its best start to a calendar year since 1997, the US Dollar index was resisted around its 21-day simple moving average (SMA) and the top of a bear channel. This week's major events may determine whether the greenback's 2024 rebound can carry on.
The last time we saw a "golden cross" for EURUSD was in late-2022, before this FX pair went on to claim a 3.12% annual gain for 2023. For the more immediate term, 3 key events this week could lead to big price swings for the world's most-traded FX pair.
The global oil benchmark is now teasing a psychologically-important level, having climbed in the wake of the Red Sea attacks and the Fed's policy pivot. Today's US PCE Deflator data release may well determine whether Brent spends Christmas above or below $80/bbl.
Gold edges higher past $2k ahead of US PCE Deflator
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, that should pave the way for bullion bulls to send prices even higher.
After enjoying its best start to a calendar year since 1997, the US Dollar index was resisted around its 21-day simple moving average (SMA) and the to...
USD index
Dollar
Euro
Nonfarm Payrolls
inflation
Federal Reserve
European Central Bank
The last time we saw a "golden cross" for EURUSD was in late-2022, before this FX pair went on to claim a 3.12% annual gain for 2023. For the more i...
EURUSD
inflation
Nonfarm Payrolls
Federal Reserve
ECB
The global oil benchmark is now teasing a psychologically-important level, having climbed in the wake of the Red Sea attacks and the Fed's policy pivo...
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, t...
Gold
Federal Reserve
inflation
Loading...
We value your privacy
We use cookies to give you the best-possible experience on our site and serve you personalised content. Click “Sounds good” to agree to our Cookie Policy.