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DailyFX,the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. With nine internationally-based analysts publishing over 30 articles and producing 5 video news ...more

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USD Outlook: Dollar Index (DXY) Finds Support Post-FOMC
The U.S. dollar looks ahead to the ECB rate decision for guidance heading into the new year after a positive FOMC reaction.
Dollar Surges And S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast
In the immediate aftermath of the event, the hawkish interpretation has seen the Dollar rally as much as 0.5% while the risk-based S&P 500 E-mini futures have plunged -1.4%.
GBP Breaking News: UK Inflation Declines Beating Estimates, GBP/USD Dips
UK inflation joins the US in posting declines for the month of November. Will today’s inflation print ensure a 50bps hike from the BoE tomorrow?
Bitcoin Breakout Ahead? Crypto Traders May Want That TradFi Connection
Bitcoin, like so many other traditional assets, has worked its way into a remarkably narrow trading band.
Gold (XAU/USD) Forecast: Recent Gains May Come Under Pressure As US Data Takes Center Stage
Gold has spent the majority of the week trying to recover Monday’s steep decline as positive news from China and a weaker dollar helped the precious metal.
Dollar Forecast Loaded With Volatility Potential But Can It Find A Trend?
To better determine the potential of the world’s largest currency moving forward, it is critical to assess what is the most important motivation for capital flows into and out of the US going forward.
Last S&P 500 And Dollar Volatility Charge Of 2023 With FOMC, CPI And Much More
Top event risk is the Fed rate decision, but the ECB and BOE policy releases may prove just as important to the theme of monetary policy.
Michigan Consumer Sentiment Rises: Business Conditions Improve, Inflation Cools
S&P 500 E-Mini Futures dipped around 1.5% after the PPI.
Crude Oil Forecast: Brent Overcome By Recessionary Pressures Despite Several Fundamental Tailwinds
Brent crude oil looks to further clarity around supply and demand factors while the USD looks to push higher ahead of FOMC next week.
USD/CAD Eyeing Upside Breakout Following Dovish BoC Rate Hike
The Canadian Dollar has all but surrendered yesterday’s gains against the greenback following a dovish 50bps hike by the Bank of Canada.
Crude Oil Price Outlook: WTI Set For Worst Week Since March? Falling Wedge In Focus
WTI crude oil prices are shaping up for a disappointing week. Prices are down about 9.5 percent this week so far.
Gold Builds Range But Fed Rate Decision And Recession Risk Adding Pressure
Gold has put in for a second, abrupt reversal in just a week’s time – volatile checking that seems to mirror the lack of traction in many major markets.
WTI Crude Oil Slumps To Fresh Yearly Low Amid Recessionary Fears
WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses.
USD/CAD May Not Be The Most Responsive Loonie Cross To The BOC Decision
There is debate as to whether the BOC will hike 25 or 50 bps from its current 3.75 percent rate, but Loonie traders will likely draw on the comments and cross counterparts.
Bank Of Canada Preview: Market Positioning Offers Up Short-Term Opportunity
On Wednesday, the Bank of Canada’s Governing Council is set to announce either a 25 or 50 basis point hike in an attempt to slow demand and bring inflation back towards its 2% target.
GBP Update: Spirited Pound May Be Losing Ascendency Against The USD
GBP/USD is trading at key technical levels as the dollar finds support from U.S. economic data.
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