The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up

The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed's Wednesday rate decision as markets try to see what's around the next corner.

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XAU/USD Faces Renewed Selling Pressure as FOMC Beckons

Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?

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Euro Breaking News: Stagflation Recurs With Contracting EZ GDP & Record Core CPI

EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB.

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The Russell 2000 Index Explained for Traders

Read our article to learn more about the Russell 2000 Index

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AUD/USD Forecast: Aussie Inflationary Landscape A Cause for Concern

The Australian dollar is trading marginally stronger this morning after solid retails sales numbers complicate the RBA’s rate decision tomorrow.

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Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions

Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?

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Japanese Yen in Flux on Data and the Chinese Yuan Battles Soft Sentiment

The Japanese Yen edged lower against the US Dollar on mixed retail sales and industrial production data while Chinese PMI disappointed. Will a higher USD/JPY lift USD/CNY?

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AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind

The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufacturing PMI data could set the tone for the Australian Dollar.

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE

Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar and British Pound are eyeing the Fed, RBA and BoE, respectively. What else is due?

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S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment

This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard.

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Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock

Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential.

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EUR/USD Rate Outlook Hinges on Fed Rate Decision

EUR/USD may struggle to retain the advance from the monthly low (0.9632) as the Federal Reserve is expected to implement another 75bp rate hike.

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Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

Gold prices could recover in the near term if the Federal Reserve embraces a less hawkish posture and signals that it will raises rates less forcefully in the future amid growing economic risks.

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US Dollar Forecast: Another Fed Jumbo Hike in Focus as Markets Bet on Policy Moderation

The US Dollar faces another 75-basis point rate hike from the Federal Reserve in the week ahead. Lately, more attention has been placed on a moderating central bank. Will NFPs support that?

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Bitcoin Price Outlook: BTC, ETH, Dogecoin Upside Face Risky Week Ahead

With the Fed, Bank of England (BoE) and NFP on the economic agenda, can Bitcoin, Ethereum and Dogecoin maintain bullish momentum?

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Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has found higher ground over the past week on a strong CPI read and a weaker US Dollar while the RBA rate decision lies ahead. Will it boost AUD/USD?

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FX Week Ahead - Top 5 Events: BOE, Fed, RBA, Rate Decisions; Canada Jobs Report; US NFP

The first week of November is all about central banks.

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Gold and Silver Technical Forecasts: Gold Eyes Trend Reversal as Silver Momentum Stalls. Where to for XAU, XAG?

Gold and silver prices fell on Friday, spoiling early-week gains. Gold is eyeing a breakout above resistance from a Double Bottom pattern. Silver failed to clear a key SMA as RSI fell below 50.

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Japanese Yen Awaits Kuroda, Intervention Threat, Key US Inflation Data After Dovish BoJ

The Japanese Yen marked time after a still dovish Bank of Japan. USD/JPY is now eyeing Governor Kuroda’s speech and the Fed’s preferred inflation gauge before the weekend.

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Oil Price Breaks Out of Bull Flag Formation to Eye Monthly High

The price of oil may continue to retrace the decline from the monthly high ($93.48) as it breaks out of a bull-flag formation.

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Apple Falls in After-Hours Trading as iPhone Sales, Services Miss Estimates

Apple, the iPhone maker, fell around 5% in after-hours trading as investors digested the company’s fourth-quarter results, which missed on services and iPhone sales.

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Amazon Plummets Around 20% as AWS and Sales Disappoint Expectations

Amazon fell nearly 20% in after-hours trading after a grim third-quarter earnings report. The company missed expectations across several key metrics, including its AWS and commerce segments.

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US Dollar Gains Despite Lower Yields ahead of Core PCE Data. What Now for DXY?

The U.S. dollar rallies despite falling yields ahead of September core PCE data on Friday. The latest report may offer important insight and clues on the inflation trajectory.

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Why Do Stocks Suffer When Interest Rates Rise?

Higher US Treasury yields have coincided with declines by US stock markets.

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US Dollar Pummelled as ECB and Fed Rate Hikes Loom Amid Tech Frailties

The US Dollar ascendency has been broken as hopes are raised of an easing Federal Reserve hawkishness ahead of anticipated rate hikes by the ECB and the Fed. Will the DXY Index sink?

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Crude Oil Forecast: WTI Aims for October High as US Exports Surge Ahead of Russian Fuel Ban

WTI and Brent crude oil prices are little changed after US inventory data revealed record high exports. An upcoming Russian fuel ban by the EU is disrupting international flows and supply lines.

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Meta Plunges Over 13% on Grim Earnings After Nasdaq Sinks

Meta Platforms Inc.—the Facebook parent company—reported disappointing third-quarter results, sending the stock down over 12% in after-hours trading.

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DAX Rallies into Wedge Resistance as Breakout Potential Builds

The German Dax is testing a critical zone of resistance that could give rise to a potential breakout. Do bulls have what it takes to drive prices higher?

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Gold Price Running Back Into Resistance as the US Dollar Slides

Gold is pushing back into a familiar area of resistance, boosted by a weaker US dollar. The greenback is sitting on support, will it hold?

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Euro Price Forecast: Descending Channel Breakout Potential for EUR/USD

EUR/USD braces ahead of tomorrow’s ECB interest rate decision with parity under consideration for the first time since September.

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Crude Oil Holds Ground as Inventory Data Builds and US Dollar Dips. Will WTI go Higher?

The crude oil price has steadied despite data revealing an increase in US inventory, perhaps aided by a weaker US Dollar as Treasury yields soften. If stockpiles swell again, will WTI sink?

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Will Google Earnings Cut Down S&P 500 Recovery and How Serious is the Event Risk Ahead?

Risk appetite has been on a slow trajectory of recovery in the quiet between major event risk, but confidence for the Nasdaq 100 and S&P 500 may have been shaken by Google’s earnings miss. With a heavy macro docket ahead, volatility risks are high – as is the threshold to commitment to a clear trend.

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Australian Dollar Snubs Red Hot CPI that Takes Puts the RBA on Notice. Where to for AUD/USD

The Australian Dollar ignored the much-anticipated Q3 CPI that came in above expectations at 7.3% ahead of next Tuesday’s RBA rate decision. Will an RBA hike do anything for AUD/USD?

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S&P 500 Futures Turn Lower After Microsoft and Alphabet Post Mixed Earnings. Now What?

Microsoft’s quarterly results topped expectations, but Alphabet’s earnings came well below market forecasts, driving S&P 500 futures lower in extended trading.

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Fed’s Mary Daly Sparks Market Optimism

San Francisco Fed President Mary Daly surprised markets with dovish rhetoric ahead of the Fed’s blackout period

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Euro at Crossroads as ECB Rate Hike Looms While Crude Ponders China’s Growth Outlook

The Euro inched higher against the US Dollar in anticipation of higher European rates while China’s growth prospects have been mired by policy uncertainty. Where to for EUR/USD?

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USDCNH Soars, S&P 500 Diverges from Chinese Markets, USDJPY Falls Short Again

A fundamentally packed week has already opened to significant volatility. Yet, the activity of the S&P 500 and Dollar have bowed to the volatility of the USDJPY and Chinese equity markets. That skew in activity may not last for long with FAANG earnings, key economy growth readings and ECB rate decision ahead.

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Copper Price Outlook: US PMI Miss, China Government Shakeup Bode Poorly for the Red Metal

Copper prices are moving lower in Asia-Pacific trading as traders weigh contrasting economic data and a shakeup in President Xi Jinping’s newly formed government. Meanwhile, a potential breakout is on the horizon.

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Japanese Yen Subdued Against US Dollar After a Whippy Start to the Week

The Japanese Yen consolidated on Tuesday after a hectic start to the week and following on from Friday where wide ranges dominated proceedings. Will the BoJ win in the USD/JPY battle?

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Gold Price Reverses Ahead of Yearly Low to Eye 50-Day SMA

The price of gold may attempt to test the 50-Day SMA ($1691) as it reverses ahead of the yearly low ($1615).

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Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains

The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equities, but Chinese stocks remain under intense selling pressure.

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US Composite PMI Slumps as Factory Output Shrinks, Case for Fed Pivot Grows

U.S. business activity worsened in October on weaker demand conditions, a sign that the economy may be headed for a recession, which could prompt the Fed to abandon its ultra-hawkish stance.

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Bitcoin, Ether Outlook: BTC, ETH Indecisive Ahead of Another Big Week

Bitcoin and Ethereum are trading slightly lower as price action remains conflicted in a narrow range. Question remains, can cryptocurrency break free?

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FTSE 100 Outlook: UK Equities Slump Despite New PM Vote and Weaker GBP

Terrible PMI data overshadows news that Rishi Sunak could be announced as the new prime minister at 14:00 (UK time). Weaker pound fails to lift UK equites

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Euro Breaking News: Lackluster Eurozone PMI Adds to the ECBs Woes

The Eurozone continued its downturn to start Q4 with the ECB facing a host of challenges. Will further hikes push the zone into a recession?

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British Pound Bounces After Boris Backdown Amid US Dollar Strengthening

The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge.

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Japanese Yen Whipsawed Against US Dollar on Intervention Speculation

The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY?

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AUD/USD Eyes Chinese GDP After Dow Jones Surged Amid Risk-On Move

The Australian Dollar is likely at the mercy of Chinese economic data, which includes the previously delayed third-quarter GDP growth rate.

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Markets Week Ahead: Dow Jones, Yields, US Dollar, USD/JPY, EUR/USD, USD/CAD, China GDP, ECB, BoC

An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility elevated.

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S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout

Quarterly results from Alphabet, Microsoft, Meta Platforms, Apple and Amazon will take center stage next week as the Fed's blackout period temporarily reduces attention on monetary policy.

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USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC) is expected to deliver a smaller rate hike.

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Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

The Euro is facing an anticipated 75-basis point rate hike from the European Central Bank in the week ahead. Despite recession woes, the ECB will likely press on to fight persistent inflation.

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Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Gold prices fell last week as Treasury yields rose amid hawkish Fedspeak. With a FOMC blackout period among us, traders’ focus turns to economic data. US PMI data is front and center for gold and rate hike bets.

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Crude Oil Technical Forecast: Breakout on the Cards?

An ascending triangle continues to form on the WTI chart, could a breakout materialize in the near future?

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BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

In an environment where persistent inflation, hawkish central banks and economic uncertainty continue to drive sentiment, cryptocurrency and stocks remain vulnerable to geopolitical risks.

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Volatility Ahead with USDJPY Intervention, US GDP for S&P 500, ECB Rate Decision for EURUSD

A listless week punctuated by an opportunistic and desperate intervention by the Bank of Japan will transition into a heavier bout of trading conditions ahead. Technical boundaries will strain against heavy event risk including US 3Q GDP, the ECB and BOJ rate decisions, FAANG earnings and much more.

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Australian Dollar Outlook: Crucial CPI Data May Prompt RBA Action

The Australian Dollar has been chopped up of late as the global macro environment has created a high degree of uncertainty, but domestic CPI will be the focus in the week ahead.

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The US Dollar Edged Higher Along with Treasury Yields as USD/JPY Scopes 150+

The US Dollar gravitated to higher ground again today as markets watch Treasury yields march north and Japanese officials stand aside. Will the USD (DXY) index make a new peak?

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Serious S&P 500 Trends May Wait for Next Week’s Heavy Docket, USDJPY Keeps Climbing

The recovery effort from the S&P 500 and risk assets to start the week seems to have fallen apart these past two sessions. With a docket next week that includes US GDP, FAANG earnings and the ECB rate decision commitment may be hard to generate. However, volatility for the likes of USDJPY and GBPUSD is still very much possible.

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Gold Price Outlook Looks Grim as the Weekend Nears, Eyes on Fed’s Williams and Evans

Gold prices look vulnerable heading into the weekend with XAU/USD nervously eyeing Fedspeak from policymakers John Williams and Charles Evans. What are key levels to watch?

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EUR/USD Rebound Fizzles Ahead of 50-Day SMA

EUR/USD may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902).

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USD/JPY Trades Above Key Level as Investors Await BoJ Intervention: Asia-Pacific Outlook

The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open.

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AUD/USD Outlook Mired by Failure to Push Back Above September Low

The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363).

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S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings

Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes.

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EURUSD Continues to Coil – Is a Big Move Imminent?

EURUSD continues to carve out a symmetrical triangle as traders await the next large move.

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Hang Seng Index Sinks to New Lows While the Fed Maintains Hawkishness

The Hang Seng index continues to struggle under the weight of zero-case Covid-19 policy and a lack incentives for investment in Hong Kong.

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S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility.

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Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices.

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Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.

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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87).

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Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders.

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Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615).

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Tesla Dips on Mixed Earnings Report, S&P 500 and Nasdaq 100 on Weak Footing

Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading.

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EUR/USD Outlook Remains Bearish Ahead of the October ECB Meeting

Despite recent gains in the EUR/USD, the medium-term outlook for the currency pair remains gloomy amid global recession fears

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Huge S&P 500 Gap Higher and Earnings Glow Hide Growing Financial Threats

While the US indices wouldn’t hold build upon the gains, the S&P 500 and crew nevertheless opened this past session to a serious 1.9 percent gap higher – making for a second massive bullish jump. The market’s charge is bolstering questionable justification; but in the background, financial warnings keep going off.

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Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional measures to cool prices.

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Japanese Yen Marches Lower vs. US Dollar, Less So Against Chinese Yuan and Crude Oil

The Japanese Yen continues to lose ground against the US Dollar, but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the market thinks?

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EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD appears to be on track to test the 50-Day SMA (0.9924) as it reverses course ahead of the yearly low (0.9536).

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Asia-Pacific Markets Look Higher After Dow Jones Gains as Chinese Yuan Underperforms

The Chinese Yuan weakened against the US Dollar despite a pullback in the DXY Index. Asia-Pacific markets look primed to gain after the second day of Wall Street gains amid a sparse economic docket.

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AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Australia Employment

Fresh data prints coming out of Australia may prop up AUD/USD as employment is expected to increase for the second consecutive month.

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Netflix Pops on Earnings Beat, Tesla’s Results Next. What Now for the S&P 500?

Netflix reported better-than-expected bottom-line results, sending the company's stock higher in the extended session. Tesla’s earnings eyed on Wednesday for clues about the S&P 500 next moves.

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FX Week Ahead - Top 5 Events: Chinese National Congress; Canada, Eurozone, New Zealand, UK Inflation Rates

Inflation data is squarely in focus in the coming days.

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Fedspeak Schedule for the Week Ahead

FOMC speakers are back as markets yearn for information following last week’s hot CPI print.

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Dax 40 Outlook: USD Weakness, Lower Yields Drive Stocks Higher

Stock futures have continued to trade higher as USD weakness and lower yields boost demand for risk assets. With earnings season underway, can Dax hold gains?

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Crude Oil Forecast: Brent Softened by Global Slowdown & Chinese Policies

Brent crude oil prices are indicative of an uncertain market due to conflicting supply and demand factors as we look to close out 2022.

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Gold Outlook: XAU/USD Rallies with Fundamental Factors Likely to Cap Gains

The precious metal began the week on the front foot buoyed by a weaker dollar. The rally looks vulnerable below $1670.

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USD/JPY Soars after G7 Nations Sidestep Coordinated FX Intervention

USD/JPY remains elevated after Friday’s advance as G7 nations remain attentive to spillover effects of the dollar but are yet to consider coordinated intervention

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British Pound Respite as US Dollar Weakens and a Possible Policy Backflip

The British Pound found something of a pardon to start the week with market hopes of change in tack from the new Chancellor and a moderating US Dollar. Where to for GBP/USD?

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Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?

The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a hawkish Fed. Higher USD/JPY?

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Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat

The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again?

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Markets Week Ahead: Dow Jones, Nasdaq 100, British Pound, Japanese Yen, Earnings Season Continues

The Dow Jones pulled off a gain as the tech-heavy Nasdaq 100 sank alongside Tesla. British political turmoil continues to be a threat to the FTSE 100 and the Sterling. Will Japan intervene again after the Yen plunged to a 32-year low?

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S&P 500, Nasdaq 100, Dow Jones – Q3 Earnings Will Drive Market Action

After Thursday’s slump and rally, US equity markets will be looking at a cluster of important Q3 earnings next week, including Tesla, Goldman Sachs, J&J, and Netflix.

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USD/CAD Forecast: BoC Hike Odds Dip While the Fed’s Rises, Bullish USDCAD

Markets anticipate a slower rate of hikes between the Fed and Bank of Canada going into year end. Policy divergence highlights bullish continuation themes in USD/CAD

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Gold Price Outlook: Another Raging Inflation Print Dims XAU/USD’s Trajectory

Gold prices fell 3 percent last week. Another strong US inflation print means that the Federal Reserve will have to step up its fight against raging CPI. XAU/USD remains at risk.

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US Dollar Forecast: Bullish Bias Intact as Hot CPI Will Keep Fed on Hawkish Path

The U.S. dollar is likely to remain supported in the near term on bets that persistently high inflation in the U.S. economy will keep the Fed on a hawkish tightening course over the forecast horizon.

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Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum remain rangebound following CPI as other risk assets continue to sink. More chop ahead?

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S&P 500 Faces Key Technical Breaks but GBPUSD, USDJPY and USDCNH the True Risk Measures

While there are key events (like Chinese 3Q GDP and earnings) and high-profile technical levels (the midpoint of the S&P 500’s post-pandemic range) ahead, my focus moving forward is the health of the underlying financial system. The IMF’s warnings around exchange rate volatility, the need of UK stimulus and Japanese intervention speak to the cracks.

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British Pound Backflips as Market Digests US CPI and Possible Fed Actions

The British Pound gained after US Dollar ascendency collapsed despite a hotter and expected US CPI created a series of reversals across many markets. Where will GBP/USD go?

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S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket

US core inflation accelerated to its fastest pace of growth in four decades and the market’s expectations for a fourth consecutive 75bp rate hike moved to ‘certainty’ territory. Despite that, the S&P 500 rallied while the Dollar lost ground this past session. Volatility is the common thread and there is plenty of risk of more for Friday.

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Gold Price Vulnerable After Failing to Defend Monthly Opening Range

The price of gold may struggle to retain the rebound from the yearly low ($1615) as it fails to defend the opening range for October.

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Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls

The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs past levels where Japan intervened.

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Crude Oil Price Forecast: Bull Flag Formation Takes Shape

The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape.

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S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed

The S&P 500 rebounded from big losses triggered by hotter-than-expected U.S. CPI data, rallying more than 2.5% at the market close ahead of the official start of the earnings season on Friday.

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Japanese Yen Wilts as Inflation Woes Grips Markets Ahead of US CPI Today

The Japanese Yen continued its slide against the US Dollar ahead of a highly anticipated US CPI number today that could provide clues on further Fed action. How high can USD/JPY go?

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Dollar and S&P 500 Wind Up Despite Financial Warnings but CPI Ahead

Despite the warning from the IMF that the worst is still ahead for economic and financial risks, the S&P 500 and US Dollar have worked their way into remarkably tight trading patterns. If today’s CPI sparks the same level of volatility as it did last month, calm could give way to volatility.

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EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range

Failure to defend the opening range for October may lead to a further decline in EUR/USD as it appears to be tracking the negative slope in the 50-Day SMA (0.9965).

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Gold Prices Find Optimism Before US CPI Report, That May Be Wishful Thinking

Gold prices traded rather optimistically ahead of the highly anticipated US CPI report. An upward push in core inflation would likely bode ill for XAU/USD. What are key levels to watch?

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US Dollar Stalls Ahead of CPI as Markets Brace for US Inflation Data

The US Dollar moderated overnight as markets prepare for tomorrow’s US inflation report. Asia Pacific markets look ready for a mixed open ahead of Japanese economic data.

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Fed’s Mary Daly on Future Rate Hikes and Global Financial Risks

San Francisco Fed president, Mary Daly, says that inflation is a “corrosive disease” that needs to be addressed despite mounting risks.

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Nasdaq 100, S&P 500 and Dow Waver but End Lower

Major U.S. stock indices end in negative territory amid mounting growth concerns, and ahead of tomorrow’s CPI figure that could be crucial to equities’ trajectory

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S&P 500 Seesaws After Hawkish Fed Minutes, Stock Market Fate Tied to Inflation Data

The Fed minutes from the September FOMC meeting showed that policymakers remain resolute on the need to make monetary policy more restrictive in order to bring inflation down to 2.0%.

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British Pound (GBP) Latest: UK Economy Contracts, BoE Bond Buying Dilemma

The UK economy contracted further than expected in August, with manufacturing and industrial production taking a heavy hit.

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Gold Prices Flash Signal Against Treasury Yields Amid Bullish Speculator Movement

Gold prices are down this week as traders take a cautious stance ahead of US inflation data. Bullion is likely at the mercy of that CPI number, but gold’s correlation with Treasury yields is sending a bullish signal.

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AUD/USD Selloff Pushes RSI Back Into Oversold Territory

The move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in AUD/USD like the price action from last month.

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New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns

The New Zealand Dollar managed to rise against a broadly stronger US Dollar. However, Asia-Pacific market sentiment remains at risk as China sees Covid restrictions increasing.

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Nasdaq 100, S&P 500 Extend Losses, Dow Jones Ekes Out Small Gain

Major U.S. stock indices end in negative territory as investors weigh bleak economic outlook amid tightening financial conditions.

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Euro Forecast: EUR/JPY, EUR/USD Eye Bullish Reversals; EUR/GBP in Holding Pattern

Both EUR/JPY and EUR/USD rates are working on daily bullish outside engulfing bars, a potential hint that a near-term bottom has been reached.

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Gold Price Weakness to Persist on Failure to Defend Monthly Opening Range

The price of gold may face a further decline over the coming days if it fails to defend the opening range for October.

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AUD/USD Breaks Lower as Global Sentiment Deteriorates on Geopolitical Tensions

Asia-Pacific markets look ready to extend an overnight slide on Wall Street as market sentiment degraded amid rising geopolitical tensions.

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USD/JPY Rises for Fourth Day to Push RSI Towards Oversold Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in USD/JPY like the price action from last month.

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Nasdaq 100, S&P 500 and Dow Under Pressure Amid Fragile Sentiment

Major U.S. stock indices end in negative territory as investors weigh gloomy economic outlook ahead of an important risk event later in the week.

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FX Week Ahead - Top 5 Events: UK GDP; FOMC Minutes; US Inflation Rate; China Inflation Rate; US Retail Sales

The coming week will feature growth and inflation data from several of the world’s major economies.

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The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

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Euro Forecast: EUR/USD Sinks Further, 20-Year Low Back in Play

The latest round of Russian missile strikes in Ukraine has driven risk-averse investors back into the arms of the US dollar, and that is sending EUR/USD ever lower.

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Gold Outlook: XAU/USD Facing Strong Fundamental Headwinds, YTD Lows in Sight Once More

The precious metal has come under renewed pressure as it trades back below the key $1700 level. Will we see a new YTD low?

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British Pound Latest: GBP/USD Rallies as BoE Boosts Gilt Market Liquidity

The Bank of England (BoE) ramped up its gilt market liquidity program today giving a tepid Sterling an early morning boost.

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Japanese Yen Nears Record Low as US Dollar Soars on Higher Treasury Yields

The Japanese Yen drifted lower again today after the US Dollar re-asserts its ascendency on strong economic data and a hawkish Federal Reserve. New highs for USD/JPY?

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Gold Price Slips on Higher Treasury Yields Boosting the US Dollar Ahead of US CPI

Gold has braced itself in Asia today after sliding on Friday with solid US jobs data handing the Fed more ammunition to keep rates higher for longer. Where to for XAU/USD?

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AUD/USD Eyes Consumer Confidence Data Ahead of US CPI

The risk-sensitive Australian Dollar fell last week amid a broader risk-off move, with sentiment deteriorating on Friday after a largely in-line US jobs report crossed the wire. Westpac consumer confidence is ahead.

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Markets Week Ahead: Nasdaq 100, S&P 500, Gold Prices, US Dollar, US CPI, Earnings Season

The Nasdaq 100 and S&P 500 trimmed most gains last week after another solid US jobs report. The US Dollar and gold prices now face the next American inflation report. Will another strong CPI print plunge financial markets? The earnings season kicks off with banks reporting.

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S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff

US equity indexes sold off on Friday after the US jobs report solidified the chances for a 75-basis point FOMC rate hike. The market’s direction in the week ahead hinges on the US consumer price index (CPI).

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Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD

The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.

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Bitcoin and Ethereum Forecast for the Week Ahead

Bitcoin and Ethereum continue to hold above YTD lows as the picture becomes more bleak for risk assets.

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Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings

The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope. Ahead, the focus will turn back onto ‘traditional’ fundamental themes that are darkening significantly: growth forecasts and financial stability. And there are events ahead that will charge both worries.

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$100 Million Stolen From Binance in Hack, Bitcoin Brushes Off the News

Hacks and exploits in the crypto arena have been occurring with troubling frequency. Yesterday, another large theft occurred at the world’s largest cryptocurrency exchange; and yet the stalwart coins hardly blinked.

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Australian Dollar Outlook: Dovish RBA Sinks Currency

The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.

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Gold Prices Nervously Await Non-Farm Payrolls Data and the Impact on the Fed

Gold’s rally noticeably slowed heading into the US non-farm payrolls report. A lot is hinging on the jobs report, namely its impact on the Federal Reserve. Expect heightened volatility risk.

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NFPs Can be the Dollar and Stock Spark But Financial Instability is the Fire

We are moving into ‘nonfarm payrolls Friday’ and the potential for volatility is significant after a broad mix of preceding employment statistics. While the employment report can certainly spur the markets like the S&P 500 and Dollar to action, traders should keep tabs on growing warnings from the IMF and Fed officials.

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AUD/USD Rate Eyes September Low with US NFP Report on Tap

AUD/USD may fail to defend the September low (0.6363) as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

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USD/JPY Above 145 to Test MOF, BoJ’s Mettle After Yield Surge Charges the US Dollar

USD/JPY is above the 145—“line in the sand”—level, which puts Japan’s Ministry of Finance and Bank of Japan up against short traders. Asia-Pacific markets look set to close the week lower after overnight USD strength.

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Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA

The price of oil may mirror the price action from August if crude struggles to hold above the 50-Day SMA ($88.08).

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S&P 500, Dow and Nasdaq Under Pressure, USD Stands Tall as Sentiment Sours

Major U.S. stock indices end in negative territory as investors focus on gloomy economic outlook amid high inflation and worries about further rate hikes

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Gold Price Outlook: Fed Speakers and NFP Report Eyed as XAU Takes Cues from Equity Market

Gold prices are modestly higher in Asia-Pacific trading after an overnight drop that halted a multi-day rally. Prices are trading at key technical levels ahead of Fed speakers and the US jobs report.

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Euro Slides as US Dollar Regains the Upper Hand on a Consistently Hawkish Fed

The Euro backed away from parity again after US Dollar ascendency got back on track after the Federal Reserve got their message across loud and clear. Where to for EUR/USD?

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Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude oil prices are heading for the best week since Russia Invaded Ukraine. OPEC+ output cuts and an unexpected drop in US inventories boosted WTI on Wednesday before NFPs on Friday.

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AUD/USD Chart Points to More Losses as APAC Markets Eye Australian Trade Data

The Australian Dollar looks primed to fall against the US Dollar on technical and fundamental grounds. AUD/USD is in focus as APAC traders eye Australia’s trade data due out today.

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Gold Performance in Midterm Election Years – There’s a Bigger Trend Elsewhere

Any direct connection between gold prices and midterm elections may be spurious, at best.

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Will the 2022 Stock Market’s Performance Influence the US Midterm Elections?

The performance of US equity markets during a midterm election year does not appear to influence the outcome at the polls, based on data going back to 1946.

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British Pound (GBP/USD) Forecast: PM Truss in Focus Ahead of UK and U.S. Services PMI’s

Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15.

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Dollar Slide Aligns to Rebound in Risk Trends but What About Rates and Recession Forecasts?

Risk appetite has extended its exceptional start to October and the fourth quarter with the S&P 500 earning its biggest two-day rally since April of 2020. Given the lack of tangible fundamental support behind this move, I remain dubious of its consistency. That said, the Dollar’s retreat from two-decade highs may offer valuable tracking.

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Crude Oil Price Climbs Ahead of OPEC+ Meeting and a Sunny Outlook. Where to for WTI?

Crude oil continues to nudge higher in anticipation of flagged OPEC+ production cuts and the positive mood for markets more broadly. If supply is constrained will WTI go higher?

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New Zealand Dollar Surges Against US Dollar, Australian Dollar After RBNZ Delivers 50-Basis Point Rate Hike

The New Zealand Dollar rose in immediate reaction to the Reserve Bank of New Zealand hiking its official cash rate (OCR) by 50-basis points, as expected.

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Gold Price Climbs Above 50-Day SMA to Approach September High

The price of gold is on the cusp of testing the September high ($1735) as it trades above the 50-Day SMA ($1724).

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APAC Markets Eye RBNZ as AUD Struggles Despite a Softer US Dollar

The Australian Dollar is struggling despite a risk-on tone across markets ahead of today’s rate decision from the Reserve Bank of New Zealand. Elsewhere, oil prices are climbing as OPEC meets.

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USD/CAD Rate Pulls Back to Generate RSI Sell Signal

USD/CAD may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.

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Gold Prices May Rise Short-Term After Soft US ISM Data Crushed the US Dollar

Gold prices rallied the most in months after soft US ISM Manufacturing PMI cooled Fed rate hike bets. A softer US Dollar may support XAU/USD in the near term. What about beyond?

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Bitcoin Aims at 20,000 After Risk-On Move Weighs on US Dollar

Bitcoin prices are targeting the 20,000 psychological level after an overnight risk-on move that weighed on the US Dollar and supported equity indexes. That move may extendi into today’s APAC trading.

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AUD/USD Rate Vulnerable to Dovish RBA Rate Hike

The Reserve Bank of Australia (RBA) interest rate decision may do little to shore up AUD/USD as the central bank shows little interest in carrying out a restrictive policy.

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Market Recap: US Equity Indices Bounce to Begin Q4

Major U.S. stock indices rally as US Treasury yields and USD fall after a weaker-than-expected PMI figure suggests that rising interest rates have cooled demand for goods

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FX Week Ahead - Top 5 Events: RBA Rate Decision; RBNZ Rate Decision; US ISM Services; Canada Jobs Report; US NFP

The middle of September has inflation data and labor markets in focus.

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Gold Performance in Midterm Election Years – There’s a Bigger Trend Elsewhere

Any direct connection between gold prices and midterm elections may be spurious, at best.

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British Pound Soars as Truss Cans Tax Cut Plan. Will GBP/USD Extend its Recovery?

Sterling rose on Monday as the market cautiously welcomed the UK government's decision to scrap a tax cut plan that would have weakened the country's fiscal accounts.

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S&P 500 Surges to Start Q4 –Do You Tail or Will it Fail?

Equities roar to life following a tough Q3 and poor end to September.

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How to Control Greed When Trading

Greed can turn good trades into bad ones and bad trades into worse trades. Learn how to manage it.

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Euro Price Forecast: EUR/USD Rally Looks Short-lived, Key Resistance Being Tested After Dismal PMI’s

EUR/USD has found some support this Monday as markets await U.S. PMI data for further directional guidance.

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7 Step Trading Checklist Before Entering Any Trade

A checklist is a vital part of the trading process; helping traders to be disciplined and confident.

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Sterling Latest: Kwarteng Announces Tax Cut U-Turn, GBP Turns Higher

Chancellor Kwasi Kwarteng announced a U-turn of his controversial tax cut for the UK’s highest earners this morning at the Tory party conference. GBP lifted

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GBP/USD Technical Outlook: Forming an Interim Base?

Technical charts, sentiment and positioning suggest GBP/USD’s slide is losing steam. Is it forming a base and what are the key levels to watch?

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AUD, NZD, CNH in Focus as APAC Markets Kick Off Fourth-Quarter Trading Ahead of RBA

Asia-Pacific currencies are in focus as fourth-quarter trading begins ahead of the Reserve Bank of Australia’s rate decision. A Chinese holiday may drain liquidity and increase volatility.

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Q4 2022 Cross Asset Forecasts

Get your Q4 2022 forecasts for FX, stocks, bitcoin, and commodities here.

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