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.

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
EUR/USD
Bullish
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
Oil - US Crude
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Gold: -0.38% Silver: -3.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Rnz2GL38IZ
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/C5IvlNHcIM
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.06% 🇪🇺EUR: 0.03% 🇯🇵JPY: -0.02% 🇨🇦CAD: -0.15% 🇳🇿NZD: -0.55% 🇦🇺AUD: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j13v1Oegep
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.05% France 40: 1.52% Germany 30: 1.35% Wall Street: 0.78% US 500: 0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LpQJXgdHxM
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/YAtLZ9lqNi
  • EU's Barnier says he remains determined for a Brexit deal $GBP
  • 🇬🇧 Markit/CIPS Composite PMI Flash (SEP) Actual: 55.7 Expected: 56.3 Previous: 59.1 https://www.dailyfx.com/economic-calendar#2020-09-23
  • 🇬🇧 Markit/CIPS UK Services PMI Flash (SEP) Actual: 55.1 Expected: 56 Previous: 58.8 https://www.dailyfx.com/economic-calendar#2020-09-23
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (SEP) Actual: 54.3 Expected: 54.1 Previous: 55.2 https://www.dailyfx.com/economic-calendar#2020-09-23
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/txgNCgB5Y8
Gold Q2 Forecast: Bets for Fed Rate-Cut Fosters Bullish Outlook

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

Share:

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