Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2

Bitcoin bulls have come back with vengeance after a disappointing 2022, resuming the uptrend from the first quarter of this year. After gaining approximately 70%, candlestick patterns suggest that bullish continuation is possible in Q2.

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Gold Fundamental Forecast: Gold Glowing into Q2 as Fed Peaks

Gold prices ripped higher in Q1 as rate expectations eased and banks fell into financial distress. Will bulls continue to drive the safe-haven commodity in Q2?

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US Inflation Nudges Lower, US Dollar (DXY) Also Slips on Drifting Rate Expectations

Price pressures in the US are abating, according to the latest BEA data, and this may change the Fed’s rate outlook in the weeks ahead.

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Gold Price Uptrend Looks Solid With $2000 Very Much In Play

Gold prices are again close to $2000, a level they don’t usually spend very long above

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Euro Breaking News: Core Inflation Reaches New High, Validating ECB Hawks

Despite a record drop in the headline measure of inflation, core inflation heads higher. Renewed expectations of ECB rate hikes and weak dollar sees EUR/USD eying 1.10

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US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive the DXY Index?

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USD/CAD Mauled as Canadian Dollar Bulls Pounce, Key Support at Risk of Cracking

The Canadian dollar continues to strengthen against the U.S. dollar amid positive market sentiment and higher oil prices, with USD/CAD on the verge of breaching a key technical support.

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EUR/USD Confronts Trendline Resistance, Threatens Breakout After Hot German CPI

EUR/USD rallies and threatens to break above a key technical resistance after hotter-than-expected German inflation data boosts European bond yields

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USD Breaking News: Final US (Q4) GDP Revised Lower but Data Remains Robust

US GDP drops quarter-on-quarter, but fundamental data remains robust despite rising interest rates and the recent banking turmoil. USD dips lower

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DAX 40 Price Forecast: European Stocks Soar Ahead of German Inflation

Equities have continued to rally in today’s session, allowing the German Dax to break through key technical levels ahead of important inflation data.

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Gold Prices Stick To Uptrend As Market Mulls US Rate Path

Gold continues to benefit from the view that US borrowing costs are near their peak

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Crude Oil Prices Fall on Soft Fed Energy Report, Eyes on US Jobless Claims Next

Crude oil prices fell after a disappointing energy survey from the Federal Reserve. Over the remaining 24 hours, WTI remains vulnerable to a nasty surprise in US jobless claims.

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Japanese Yen Slips as US Dollar Recovers Along with Risk Assets. Where to for USD/JPY?

The Japanese Yen ran lower going into Thursday with fiscal year-end approaching and a generally buoyant mood for markets with banking issues subsiding for now. Will USD/JPY go higher?

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S&P 500 Attacks Trendline Resistance as Bulls Assert Control. Breakout Looming?

S&P 500 rallies and challenges a key technical resistance as market sentiment continues to improve amid easing concerns around the health of the U.S. banking sector.

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S&P 500, Nasdaq Set to Open Higher Upon an Improved Outlook

Markets appear satisfied, for now, that banking concerns have eased, making room for improved risk appetite. S&P 500 and the Nasdaq 100 are expected to open higher

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USD/JPY Moves Higher as the Japanese Yen Sheds its Risk Premium

USD/JPY is back above 132.00 for the first time in a week as bank contagion fears recede. Comments from Bank of Japan (BoJ) deputy governor Shinichi Uchida however may boost the Yen’s longer-term attraction

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EUR/USD Hands Back Some Gains, German CPI Data In Focus

A quiet European session for economic cues has seen the single currency slip back a little, but there’s plenty of trading life left in this week

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Oil Gains on Supply Disruption Risks but Headwinds Loom, Key Levels to Watch

Oil prices rise to their best level in two weeks on supply disruptions in the Middle East, but the technical outlook suggests that the recent rally may be short-lived.

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US Consumer Confidence Rebounds Unexpectedly, but Fails to Boost US dollar

The U.S. dollar retains a negative bias despite better-than-expected consumer confidence data, as traders remain focused on the U.S. banking sector woes and the possibility of a Fed pivot later this year.

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Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher

Gold is losing some of its safe-haven premium as the recent banking turmoil continues to calm down. Risk may be back on the table but for how long?

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GBPUSD Gains Again, BoE Bailey Says Inflation Fight Comes First

The British Pound Continued its run as the BoE Governor said banking worries won’t stop rate rises

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EUR/USD Price Forecast: US and EU Banking Supervisors Provide Updates

With a sizeable downshift in high importance data this week, markets are left to assess respective rate differentials and comments from banking supervisors

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AUD/USD Rises on Positive Retail Sales Data, CPI Ahead

AUDUSD rallied into key resistance around the 0.6700 level. Will we see a break higher with momentum or are we in for another rejection?

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US Dollar (DXY) Subdued, Banks Gain, US Treasury Yields Move Higher

The US dollar is unchanged to start the US session after US bank First Citizen steps in to buy failed lender Silicon Valley Bank

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Crude Oil Outlook: Oil Prices Bounce off Support as Bank Jitters Ease

Crude oil has extended last week’s gains, pushing prices toward technical resistance. As bank jitters ease, oil has received a positive boost in sentiment.

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British Pound Latest: GBP/USD Squeezes Higher as Risk Sentiment Improves

A range of asset classes open the week with a mild risk-on bid after a takeover of failed lender SVB boosts market sentiment

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USD/JPY Bounce Looks Corrective, Lacks News Backing

The US Dollar made modest gains on the Japanese Yen but the Charts don’t look great for Dollar Bulls

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Gold Price Trickles Lower as Acceptance Above the $2000 Level Remains Elusive

Spot Gold continued to decline in European trade as sentiment shows modest improvement. Key risks still in play and could drive gold prices in the early part of the week.

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US Dollar Slides as Banking Woes Continue and Treasury Yield Sink. Where to for USD?

The US Dollar dipped today as markets take stock of where the banking crisis is headed and Treasury yields search for direction. Will the USD reclaim the ascendency?

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US Dollar Outlook: Path of Least Resistance is Lower after Fed Ditches Hawkish View

The U.S. dollar is likely to come under selling pressure in the near term as markets price in rate cuts after Fed abandons hawkish guidance in order to preserve financial stability.

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Euro Dollar Outlook: EUR/USD Takes a Breather as Prices Test Support

The Euro has held its ground against the US Dollar, allowing prices to recover from February’s losses. Can EUR/USD break free from the current zone of support?

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Gold Prices Cool Slightly After Fed’s Dovish Hike Puts $2000 Back in Play

Gold has been boosted consistently by hopes that the rate-hike cycle could be nearing an end

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British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down

UK retail sales beat expectations data showed earlier today, helping to support the recent move higher in GBP/USD

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USD/JPY Eyeing a Break of the 130.000 Handle Following Mixed Inflation Data

USD/JPY looks to continue its downside momentum this morning. Mixed inflation data has reignited hope of further tweaks to the yield control policy.

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Gold Gains After Fed’s Dovish Hike Reinforces Bullish Trend, Breakout in Play

Gold prices rise after the Fed signals that its hiking cycle in nearing its end considering recent banking sector turmoil, an outcome that would stand to benefit non-yielding precious metals.

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BoE Raise Rates by 25bps, Expecting Inflation to Cool, GBP Edged Higher

BoE raised rates by 25bps as expected to fresh highs last seen in 2008. The vote was split 7-2 with policymakers Tenreyro and Dhingra voting to keep rates on hold.

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USDJPY Heads Lower as Market Digests a More Dovish Fed

The US Dollar has seen broad weakness after the Federal Reserve moderated forward policy guidance.

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US Dollar (DXY) Touches a Fresh 7-Week Low Despite a 25bp Fed Rate Hike

The US dollar is seemingly disregarding another US interest rate hike and is turning lower as traders weigh up the odds for any further increases

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Gold Prices Turn to US Initial Jobless Claims to Gauge SVB Economic Shock

Gold prices gained as the US Dollar and Treasury yields fell after the Federal Reserve rate decision. All eyes turn to US initial jobless claims to gauge the economic impact of SVB’s collapse.

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S&P 500 Sinks After Powell Speech and Yellen Testimony, Will US Dollar Rebound?

The S&P 500 sank 1.6% in the aftermath of Jerome Powell’s press conference and testimony from Janet Yellen. Risk aversion seems in the cards, will the US Dollar pull ahead?

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Fed Hikes Rates to Zap Inflation, Embraces Less Hawkish Guidance; USD Sinks

The Federal Reserve raised interest rates by 25 bp to 4.75%-5.00% at the end of its March policy meeting, adopting a less hawkish guidance than in previous months, a sign the hiking cycle is nearing its end.

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Gold Patiently Awaits the Fed’s Next Move – How Will XAU/USD Respond?

Gold prices have turned bearish after a strong rally pushed XAU/USD above the psychological level of $2,000. Will the Fed allow gold to resume the uptrend?

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USD/JPY Price Outlook: Scenario-Based Trade Setups Ahead of FOMC

In the wake of recent panic, the Japanese yen flourished. This article takes a look at possible USD/JPY price action using a scenario-based approach

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US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms

It’s not quite all about the US central bank for the oil market Wednesday, inventory data are haunting it too

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US Dollar Dips as the Fed Ponders the Inflation Versus Bank Crisis Dilemma

The US Dollar is weaker today as risk assets found support from Treasury reassurances and ahead of the Federal Reserve that faces a crucial interest rate decision. Will a pause sink USD?

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Nasdaq 100 Soars Despite Rally in Yields, VIX in Freefall Ahead of Fed. Now What?

The Nasdaq 100 rallies despite rising Treasury yields amid speculation that the worst of the banking sector turmoil is over thanks to coordinated action by government authorities.

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EUR/USD Price Forecast: Is the Panic Over? Sentiment Reversal Lifts the Euro

The euro trades higher today on a much-improved outlook as banking stocks rise across the board. ECB’s Enria and ratings agency S&P echo that EU banks are resilient

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Crude Oil Forecast: Prices Extend Recovery as Banking Sector Jitters Fade

Oil prices rise and advance for the second consecutive day as market confidence improves further, but the outlook for energy commodities remains challenging.

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GBPUSD Weaker As Market Looks To Fed, Bank of England

There are monetary policy calls on both sides of the GBP/USD pair this week, with major moves unlikely until they’re out of the way

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Gold Price Slips Lower as Markets Turn Risk-on, FOMC Will Guide the Next Move

After breaking the $2k barrier for the first time in a year, gold has given back some of its recent gains ahead of Wednesday’s all-important Fed monetary policy decision.

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Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?

Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook.

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FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction

The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead adds to its new-found fragility

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Oil Price Update: WTI and Brent Remain Under Pressure as Recessionary Fears Weigh

Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see a sustainable upside push for Oil prices?

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USD/JPY Grinds Lower as Fear Overshadows UBS/Credit Suisse Deal

USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the Yen.

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EURUSD Wilts As Bank-Sector Woes Hit Risk Appetite Once Again

EUR/USD didn’t enjoy much of a lasting boost from last week’s interest rate rise as the financial sector’s worries take center stage again

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UBS Rescues Credit Suisse, Fed Increases Dollar Liquidity , Gold Hits a One-Year High

In a deal brokered by the Swiss Government, UBS has bought troubled rival Credit Suisse in a deal worth just over three billion US dollars.

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Markets Week Ahead: Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell

The Dow Jones greatly underperformed the Nasdaq as traders flocked to tech stocks in anticipation of aggressive rate cuts from the Federal Reserve later this year after SVB’s collapse. All eyes turn to the central bank and Jerome Powell’s press conference on Wednesday.

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US Dollar Outlook Hinges on Fed’s Next Steps. Will the FOMC Hike or Pause?

The US dollar’s trading bias will be defined by the Fed’s policy outlook next week. Traders should prepare for the possibility of a dovish guidance due to rising financial instability risks.

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Gold Prices Jump as Yields Slump, Sentiment Dismal as Bank Angst Lingers

Gold prices soar, rising to the highest level since early February, boosted by falling bond yields and risk-off mood as the U.S. banking sector woes fail to dissipate.

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Rand Dollar Outlook: USD/ZAR Pauses Ahead of National Shutdown & FOMC

The South African Rand has surrendered weekly gains after fears over the US banking system ease, supporting a resilient Dollar. USD/ZAR remains uncertain ahead of FOMC.

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US Stocks Rebound after Wall Street Puts its Money Where its Mouth is

US stocks responded favorably after assurances in the banking sector were put forward by the Federal Reserve, along with a show of confidence by large US banks

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Euro Latest: EUR/USD Pushes Higher on ECB Rate Hike Commentary

The Euro is pushing higher against a range of currencies as a group of ECB policy makers observe that inflation remains too high and that the central bank will have to hike interest rates further.

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GBP/USD Price Forecast: Cable Consolidates Above the 1.21 Handle

Cable enjoyed a strong bounce yesterday helped by improving sentiment and a weaker US Dollar. Weekly high around 1.2200 may cap gains ahead of a next week's key data releases.

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Gold Price Holds the High Ground Amid Banking Turmoil. Where to for XAU/USD?

The gold price remains elevated today as the markets assess the implications of the latest rescue package for another bank in crisis mode. If the US Dollar recovers, will XAU/USD go lower?

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Gold Price Forecast: XAU/USD Slips but Retains Bullish Bias on Bank Sector Mayhem

Gold prices are trading lower on Thursday, but the precious metal maintains a bullish profile as financial market risks linked to banking sector problems have not entirely disappeared.

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ECB Delivers 50bps Hike Despite Banking Sector Woes, EURUSD Indecisive

ECB hikes rates by 50bps in a sign that price stability trumps financial stability concerns. Borrowing costs are now at the highest level since late 2008.

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USD/JPY Price Forecast: Dollar/Yen Dips as Rate Expectations Fall

USD/JPY is currently testing a key level of technical support, formed by the 50-day MA. As the safe-haven Yen rises, falling US yields have weighed on the Dollar.

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Crude Oil Update: WTI Sell-off Pauses as the SNB Calms Banking Concerns

Oil markets appear eerily calm in the early London session as the Swiss National Bank eases some banking concerns. US crude stocks rise, adding to the selling pressure

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British Pound Latest: GBP/USD Following the US Dollar as Risk Looks to Ease

Sterling is nudging higher against the US dollar, testing the 1.2100 level, after Wednesday’s flight-to-quality saw the greenback surge across the board.

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Swiss Franc Frazzled as Banking Woes Takes Hold. Is the Fed Pivot Here?

The Swiss Franc has been caught up in the evolving banking crisis with the Swiss National Bank intervening today. With ongoing emerging risks, will the ECB change tack today?

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EUR/USD Craters on Banking Sector Woes ahead of ECB. Will the Doves Prevail?

EUR/USD plunged on Wednesday on risk-off sentiment as the U.S. banking sector turmoil spread to Europe, calling into question the ECB’s ability to hike rates aggressively tomorrow.

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European Bank Stocks Renew Their Heavy Sell-Off as Contagion Fears Return

The European banking sector is reeling again with all constituents of the Euro Stoxx index heavily in the red as risk sentiment turns sour.

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Gold Price Forecast: Gold Struggles to Maintain Momentum Below the $1900 Handle

Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle.

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EUR/USD Supported by Hawkish ECB Rate Hike Chatter

The ECB is set to hike rates by 50 basis points on Thursday despite the ongoing banking sector turmoil, according to one ‘source report’.

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AUD/USD Price Forecast: Aussie Dollar Being Carried by Chinese Data

The Australian dollar is trading in the green for what could be its 3rd consecutive positive close ahead of some key US economic data. AUD/USD testing 0.67 once more.

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Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the ECB looks to crimp CPI. Where to for EUR/USD?

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Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied.

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USD/CAD Price Forecast: Loonie Gains Continue Post US CPI

The loonie has enjoyed back-to-back days of gains against the greenback for the first time in a month, however USDCAD remains bullish above the 1.3580 handle.

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Gold Price – XAU/USD Eyes Support as CPI Nears and US Bond Yields Rebound

The latest US inflation release may not have the same market effect as in the past as the global interest rate backdrop has changed post-SVB failure.

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Euro Price Forecast: Wait & See for EUR/USD, US CPI

EUR/USD is eyeing the all important US CPI release while trading at a key inflection point.

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Breaking News: UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower

The UK unemployment rate held steady while wages adjusted for inflation recorded its largest drop since the February to April 2009 period.

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US Dollar Grips on as SVB Fallout Brings US CPI into View Ahead of the Fed

The US Dollar steadied after a discombobulating first few sessions following a weekend of turmoil in US banking that may have implications for the Fed rates path ahead of US CPI today.

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Crude Oil Faces Perfect Storm if US Inflation Pours Gasoline on Uncertainty Flame

Crude oil prices extended losses during Tuesday’s Asia-Pacific session. Market uncertainty may be pushed further if another sticky US inflation report reinvigorates Fed rate hike bets.

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XAU/USD Price Outlook: SVB Collapse Drives Demand for Safe-Haven Gold

Gold prices have surged after the SVB collapse sent shockwaves through global markets. While rate expectations have eased, XAU/USD is on track to retest $1,900.

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US Dollar Hits a One-Month Low as Bond Yields Slump; Gold, Yen Remain Bid

The greenback is falling further in early trade as US Treasury yields continue their sell-off as markets reassess the path of future interest rate hikes.

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EUR/USD Prints Fresh 1-Month High Before Surrendering the 1.07 Handle

EURUSD has struggled to maintain gains above the 1.07 level following the European open as markets digest moves by US policymakers to restore confidence in the Banking sector.

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AUD/USD Price Forecast: Australian Dollar Rallies on Fed Repricing

The Australian dollar is trading higher today as the US dollar continues to sell-off post-SIVB. AUD/USD now eyes the 0.67 resistance handle ahead of US CPI tomorrow.

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Gold Price Shines as US Dollar Tanks on Sinking Yields from SVB Bailout. Higher XAU/USD?

The gold price clambered higher after the US Dollar took a hit with Treasury yields crumbling on the conjecture that the Fed will not need to be so hawkish. Will lower yields augment gold?

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US Dollar Slides as SVB Repercussions Stalled by the Fed and the Treasury Department

The US Dollar skipped lower on Monday with concerns around the impact of SVB and Signature Bank collapses lingering despite authorities taking aggressive steps to achieve stability.

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Markets Week Ahead: Dow Jones, S&P 500, Gold, US Dollar, Recession Woes, CPI, ECB

The Dow Jones and S&P 500 tumbled as US bank sector woes triggered rising fears of a recession, cutting back Fed rate hike bets. Gold prices soared as Treasury yields dropped. Ahead, eyes are on US CPI and the ECB rate decision.

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Gold Price Weekly Outlook: XAU/USD Fate in the Hands of US CPI?

Gold prices get their shine back but will upcoming US CPI data limit upside? XAU/USD bulls look to hold onto 1850 as support.

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US Dollar Forecast: Inflation Data May Revive Rally but SVB Meltdown Poses Risks

The US dollar has given up all the gains induced by Powell's hawkish comments due to a slump in yields following the SVB meltdown, but US inflation data could revive the greenback's recovery.

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Oil Price Update: WTI and Brent Eye Fourth Consecutive Day of losses

Oil prices continued their decline in the European session in what has been a tough week for the commodity. Where to next for Oil?

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British Pound Latest: UK Economy Expands in January, US Jobs Data Key for GBP/USD

Sterling picked up an early bid after the latest GDP figures showed that the UK economy grew by more than expected at the start of the year.

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Gold Rises Amid SVB Nervousness and NFP Data at 13:30 GMT

Gold whipsawed this week as Fed speak bolstered rate hike expectations and the US dollar while signs of unease in the labor market suggests policy ought to be reined in

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Euro Price Forecast: German CPI Boosts EUR/USD Ahead of NFP and the ECB’s Christine Lagarde

EUR/USD prepares for an eventful day after a positive start to the morning post-German CPI.

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S&P 500 Outlook: All Eyes on US Jobs Data, Good News May Be Bad News for Stocks

The S&P 500 moves without conviction on Thursday as traders avoid taking large directional bets on risk assets ahead of Friday’s U.S. jobs report – the next big catalyst for the equity market.

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USD/JPY Price Forecast: BoJ Meeting, NFP and US Hourly Earnings in Focus

USD/JPY looks to key economic data tomorrow in conjunction with the Bank of Japan interest rate meeting.

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US Dollar (DXY): Is This The Calm Before the NFP Storm?

The latest US Jobs Report (NFPs) will be released on Friday and a further confirmation of a robust jobs market will send the US dollar higher going into the weekend

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GBP/USD Price Forecast: Cable Enjoying a Bounce Ahead of UK GDP and NFP Data Releases

Cable is looking to recover some losses following Tuesday’s selloff with a weaker dollar index and a lack of high impact data likely to work in its favor.

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Euro Dollar Forecast: EUR/USD Turns Cautious as Traders Eye NFP’s

EUR/USD has fallen into another tight range after markets continued to digest Fed commentary and rate expectations. US NFP’s take center stage.

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AUD/USD Price Forecast: Australian Building Permits Hits 12-Month Low

The Australian dollar is still under immense pressure despite a marginal comeback as AUD/USD hovers around the 0.6585 swing low.

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USD/CAD Gains After Bank of Canada Holds Rates Steady, Retains Dovish Guidance

USD/CAD extends gains after Bank of Canada holds rates unchanged and keeps dovish guidance

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USD Price Action Setups: GBP/USD, USD/CAD, USD/CHF

A lot has changed in the last 24 hours as Powell opened the door to a 50 bps hike, sending US yields and the dollar higher. How are currencies shaping up in the aftermath?

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Gold Price Forecast: $1800 Back in Focus as Price Consolidates Following Selloff

Spot gold remains above the 100 and 200-day MAs despite yesterday’s selloff. $1800 holds the key for a change in the technical outlook.

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Euro Latest: Euro Area Growth Flatlines, EUR/USD Dancing to Powell’s Tune

The Euro Area recorded no growth in Q4, according to the latest Eurostat data, in line with analysts’ forecasts. EUR/USD unchanged after Tuesday’s Powell inspired heavy sell off.

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British Pound (GBP) Forecast: Fading Risk Sentiment Knocks Back Sterling

GBP/USD is at the mercy of US economic data carrying over from yesterday testimony by Fed Chair Jerome Powell.

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Crude Oil Prices Sink the Most in 2 Months, Eyes on Key Economic Data Next

Crude oil prices sank the most in 2 months after testimony from Fed Chair Jerome Powell. Ahead, WTI is eyeing DOE oil inventory data and JOLST job openings. Where to?

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Euro Update: EUR/USD Remains Supported Ahead of Fed Chair Powell’s Testimony

Hawkish rate expectation re-pricing is supporting the Euro ahead of Federal Reserve chair Jerome Powell’s appearance before US lawmakers, for now.

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GBP/USD Struggles to Hold on to Gains Despite Positive UK Housing Data

UK Halifax house price data rose for a second successive month. The initial optimism has since dissipated as early gains were surrendered following the European Open.

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New Bank of Japan Governor Likely Stuck with Kuroda’s Path

Alone among major central banks, the Bank of Japan has stuck to its ultra-loose monetary policy as inflation has risen. Will its new Governor shake things up?

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Gold Prices Eyeing Bearish Death Cross as Traders Await Jerome Powell

Gold prices fell on Monday as a jump in Treasury yields weighed on the yellow metal. A bearish Death Cross is in focus as traders await Fed Chair Jerome Powell’s testimony.

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Australian Dollar Slides After RBA's Widely Expected 25-Basis Point Hike

AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony later today and tomorrow. What’s next for AUD/USD?

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Euro Bounces on Hawkish ECB and Ahead Powell’s Testimony. Higher EUR/USD?

The Euro made some ground against the US Dollar on hawkish comments from ECB officials as the market awaits Fed Chair Powell’s commentary later today. Will EUR/USD trend remain intact?

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EUR/GBP Latest – Is a Fresh Multi-Month High Brewing?

Sterling may struggle against the Euro as ECB hawks continue to call for higher interest rates

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Bitcoin Price Outlook: BTC, ETH Trade Flat After Bouncing Off Support

Bitcoin and Ethereum have continued to trade sideways after recovering from Friday’s slide. BTC lingers around $22,500 while ETH eyes $1,600.

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Gold Prices Hold Steady Ahead of Fed Chair Powell and the Latest US Jobs Report

The recent rally in the precious metal has stalled as the week opens with traders looking ahead to a couple of important market moving events.

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EUR/USD Unchanged as Euro Area Retail Sales Tick Higher but Miss Estimates

Eurozone retail sales recorded a small increase in January which points to a weaker start to the year than expected as higher prices continue to weigh on consumers.

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AUD Price Forecast: Aussie Dollar Hampered by Chinese GDP Expectations

AUD/USD trades cautiously ahead of a stacked day tomorrow which include the RBA’s rate decision as well as Fed Chair Jerome Powell’s testimony.

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Japanese Yen Firms Ahead of Powell and BoJ as US Dollar Pauses. Where to for USD/JPY?

The Japanese Yen could be in for a bumpy ride this week with Fed Chair Powell set to testify and a Bank of Japan meeting amongst other data could be pivotal for USD/JPY direction.

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Powell, NFPs, RBA, BoC, BoJ

The Dow Jones and S&P 500 rallied as the US Dollar fell last week. Ahead, the RBA, BoC and BoJ set rates. Markets also await Jerome Powell’s testimony and non-farm payrolls data.

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S&P 500, Nasdaq 100 Forecast: Speculative Frenzy at Risk ahead of Key US Jobs Report

The speculative frenzy that triggered a rally in the S&P 500 and Nasdaq 100 this past week could end if U.S. labor market data beat estimates and bolster Fed rate hikes expectations.

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GBP Weekly Forecast: Pound Eyes UK GDP Alongside US NFP

GBP/USD is preparing for some price volatility next week including UK GDP, Fed Chair Jerome Powell and US NFP data

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ISM Services PMI Virtually Unchanged amid Economic Resilience, Dollar Trims Losses

ISM Services PMI was virtually unchanged in February, clocking in at 55.1 from 55.2 in January, a sign that the economy remains extremely resilient despite rapidly rising interest rates.

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EUR/USD Price Update: EU PMI Miss Still Cause for Optimism

EU PMI data generally fell below rather lofty estimations, maintaining optimism that Europe may escape a recession in 2023. ECB Interest rate expectations hit 4%

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GBP Price Forecast: GBP/USD May Struggle to Push Noticeably Higher

Sterling continues to battle against a strong US dollar but one closely-followed long-term technical indicator is giving cable some support.

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Inflation. Deflation. Which Is Worse and Why?

Inflation is back from the dead but it’s sobering to recall that, not so long ago, deflation was deemed by far the greater threat. Maybe now’s a good time to ask which is worse for an economy?

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US Dollar Bounces Back Again as the Fed and ECB Map Out Rate Hikes. Higher USD?

The US Dollar skipped higher on Treasury yields gaining on solid data and the Fed re-iterating its hawkish stance while will EUR/USD dipped despite impending ECB rate hikes.

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EUR/USD Rejected at Resistance, GBP/USD Carves Out Bearish Double Top Pattern

The EUR/USD has resumed its decline after failing to break above a key technical resistance area. Meanwhile, the GBP/USD appears to be on the verge of validating a bearish double-top pattern.

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US Dollar Soars Lifted by Surging Yields, S&P 500 Falls Despite VIX's Slide

The U.S. dollar soars while the S&P 500 trades with a negative bias on Thursday in the wake of surging Treasury yields following hotter-than-expected labor market data.

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Gold Price Forecast: XAU, XAG/USD Wrestle with Rates & USD Strength

Gold and silver prices are facing technical and fundamental headwinds as higher rate expectations and inflation continue to drive price action. What next for XAU and XAG?

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Australian Dollar Fails To Hold China-Data Gains, Looks to RBA

AUD/USD has faltered ahead of key resistance and returned its data driven gains of the previous session

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Euro Area Core Inflation Prints Fresh Record High, EUR/USD Steady

Euro Area annual inflation rate came in above forecasts as core inflation rose for a third month in succession adding to the ECB conundrum.

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USD/JPY Retains Bullish Outlook, Fundamentals Undermine the Japanese Yen

The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.

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Manufacturing PMI Rises but Stays in Contractionary Territory, US Dollar Pares Drop

The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal.

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Breaking News: German CPI Misses Forecasts - Inflation Remains ‘Sticky’

German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.

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FTSE 100 Gains As Miners Surge On Strong China Data

The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up

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GBP/USD Price Forecast: Grinds Higher but Acceptance Above 1.2100 Remains Elusive

GBP/USD remains caught between significant areas of support and resistance. Meanwhile UK mortgage data continues to struggle declining for a 5th consecutive month.

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Crude Oil Price Forecast: Chinese PMI’s & Weaker USD Offer a Lift for Crude Oil

Brent crude and WTI crude oil have benefitted from a risk on sentiment through positive Chinese manufacturing PMI data alongside a softer US dollar.

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