News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Several central bank meetings and initial 3Q'21 GDP releases from around the globe are due out this week - let's talk about how they could impact markets. Starting now! https://t.co/mDXJU1mqOW
  • Join @MBForex at 8:30 EST/12:30 GMT for his weekly scalping webinar. Register here: https://t.co/VGr4ZK3QZ9 https://t.co/mTEQ1hQcky
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-25
  • 🇲🇽 Economic Activity YoY (AUG) Actual: 4.3% Expected: 6.4% Previous: 7.1% https://www.dailyfx.com/economic-calendar#2021-10-25
  • 🇲🇽 Unemployment Rate (SEP) Actual: 4.2% Expected: 4.3% Previous: 4.3% https://www.dailyfx.com/economic-calendar#2021-10-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.96%, while traders in AUD/JPY are at opposite extremes with 79.43%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CP0nT461Po
  • Heads Up:🇲🇽 Economic Activity YoY (AUG) due at 11:00 GMT (15min) Expected: 6.4% Previous: 7.1% https://www.dailyfx.com/economic-calendar#2021-10-25
  • Heads Up:🇲🇽 Unemployment Rate (SEP) due at 11:00 GMT (15min) Expected: 4.3% Previous: 4.3% https://www.dailyfx.com/economic-calendar#2021-10-25
  • Join @CVecchioFX at 7:30 EST/11:30 GMT for a webinar on developing a strategy for major event risk. Register here: https://t.co/D8DAmLpkuS https://t.co/L2yIQTAIHC
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Gold: 0.35% Silver: 0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Rg9tEnAxqM
Gold Q2 Forecast: Bets for Fed Rate-Cut Fosters Bullish Outlook

Gold Q2 Forecast: Bets for Fed Rate-Cut Fosters Bullish Outlook

The adjustments in the Fed’s Summary of Economic Projections (SEP) suggest the central bank will continue to change its tune over the coming months as officials trim the growth and inflation forecast for 2019 and 2020. In turn, Chairman Jerome Powell and co. are now projecting a longer-run interest rate of 2.50% to 2.75%, and the change in the forwardguidance indicates that the central bank is on course to conclude the hiking-cycle ahead of schedule as ‘data arriving since September suggest that growth is slowing somewhat more than expected.’

SPOT GOLD (XAUUSD) PRICE CHART: WEEKLY TIME FRAME

Spot Gold Price Chart XAUUSD

In turn, the current environment may continue to heighten the appeal of gold amid the upcoming changes in Fed policy. The price for bullion may exhibit a more bullish behavior over the coming months as the FOMC abandons hawkish forward guidance for monetary policy.

See the complete Q2’19 Gold Forecast as well as outlook for other major currencies, equities, and oil.

---Written by David Song and Michael Boutros, Currency Strategists

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES