New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ currency is running into some pretty tough support that warrants caution in turning excessively bearish.

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US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdle. The market is now eyeing the Fed for clues.

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Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury yields recently. Importantly, what does it tell us about the future trend?

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EUR/USD in Downward Spiral after Support Break. What Do Technicals Say?

EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.

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GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP

GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?

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​​ FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data

​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.

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USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles

CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance.

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Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook on the Hang Seng, ASX 200, and the FTSE Straits Times Index?

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Japanese Yen Slides Despite Intervention Warning as US Dollar Steadies

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?

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Gold Price Forecast: 100-Day MA Provides Support as Gold Eyes Recovery

Spot Gold continues to struggle for a meaningful recovery as the Dollar Index (DXY) began the day on the front foot. Will the DXY continue to hamper golds recovery?

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FTSE 100 Lower, Dax Moves Higher While Dow Looks to Edge Up Following Reports of Debt Ceiling Deal​​​​

​Indices were given a boost on Friday by news of a debt ceiling deal in principle, though some of that optimism has ebbed away over the long weekend.

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GBP/USD Price Forecast: Pound Faces Uphill Battle Despite Debt Ceiling Optimism

GBP/USD has not been able to reverse recent losses while fundamental and technical analysis may suggest further hardship for the pound.

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Bitcoin & Ethereum Week Ahead: Upside Capped For Now?

Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend. Indeed, chances are that cryptocurrencies could be settling in a range in the interim.

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Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?

The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the debt deal faces an imminent vote.

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Ahead of Euro Area Inflation: EUR/USD, EUR/GBP, EUR/AUD Price Setups

The euro is beginning to look a bit oversold at least against the US dollar ahead of key Euro area inflation data, opening the door for a minor rebound. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?

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EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?

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Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?

Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crude oil and natural gas?

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US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?

The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. Will USD slide on a resolution?

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Japanese Yen After US Debt Deal: USD/JPY, EUR/JPY, GBP/JPY

The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US Fed rate hike grow. Against its peers, however, the outlook differs.

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Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede

The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling resolution.

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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Debt Ceiling, NFPs, AI Frenzy

An AI-fueled frenzy drove the Nasdaq Composite higher as the Dow Jones sank. In the background, solid economic data is feeling Fed rate hikes again, sinking gold and boosting the US Dollar. What is in store for markets ahead?

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Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal

A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time for a EUR/USD retracement?

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EUR/USD Inches Up Despite Stronger US PCE Inflation Numbers

The Euro made some gains in European trading on Friday, but remains set for another week of losses against the US Dollar.

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US Dollar Perks Up While Gold Turns Lower Following Strong Core PCE Data

Gold prices turned lower and retraced session gains after U.S. PCE data showed that consumer spending and inflation grew more than expected in April, a sign that the Fed may be reluctant to hit the pause button.

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Japanese Yen (JPY) Latest: USD/JPY Toying With 140.00 on Supportive US Yields

USD/JPY is taking a break after its recent rally with US dollar strength priming the pair for a fresh test of Thursday’s multi-month high

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Gold Recoups Some Losses, US Debt Ceiling, Inflation In Focus

Gold Prices rose a little on Friday, as the United States’ Dollar gave back some ground, but are nonetheless set for their third straight weekly fall.

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​​ FTSE 100, DAX 40 and S&P 500 Try to Stabilise Despite Ongoing US Debt Ceiling Woes

​​Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.

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GBP/USD Price Forecast: Cable Bounces from Oversold Territory as UK Retail Sales Recover

Cable eyeing a short-term bounce helped by technicals and a resurgent retail sector. Can Cable hold onto its gains ahead of US data later today?

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Gold Price Forecast: $1950 Level Holds Key for Bearish Momentum to Continue

Spot Gold continues to struggle against a rising Dollar index and US Yields. Will the bears finally assume control?

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Dow and Hang Seng Fall Sharply, but Nasdaq 100 Supported by Nvidia​​​​

​​The US debt ceiling continues to hang over markets, though Nvidia’s numbers have provided yet another reason for the Nasdaq 100 to move higher. ​

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EUR/USD Outlook: Euro Tumbles as Germany Enters Recession

EUR/USD down 0.3% in early trade as multiple factors weigh on the euro including German recession, US debt ceiling, US downgrade and souring risk sentiment.

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Australian Dollar Looking Vulnerable: AUD/USD, AUD/JPY, AUD/CAD Price Action

The Australian dollar is looking vulnerable to a cross below key support against the US dollar, a break below which could lead to further losses in the near term. What is the outlook for AUD/USD, AUD/JPY, and AUD/CAD?

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US Dollar Rides High as Debt Debate Continues Amid Fitch Re-Rating. Higher DXY?

The US Dollar galloped to a 2-month peak today with Treasury yields continuing their climb as the debt ceiling resolution proves elusive and the Fed joins the fracas. New highs for USD?

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Crude Oil Pings Higher as Specs Told to ‘Watch Out’ by OPEC+. Higher WTI?

Crude oil prices sailed through resistance overnight after comments from the Saudi Arabian Energy Minister and a large drop in US stockpiles. Will WTI continue to rally?

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Gold Price Held Back By Multi-Decade High US Treasury Bill Yields

Gold continues to stall around $1,975/oz. with resistance fueled by US debt ceiling fears and soaring short-term US bill yields.

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​​​FTSE 100, DAX 40 and S&P 500 Drop as no US Debt Ceiling Agreement is Signed​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations.

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Oil Price Update: WTI and Brent Rally Approaches Confluence Area, Where to Next for Oil Prices?

Oil prices have enjoyed a positive rally this week with production fears ramped up as the OPEC+ meeting looms. Are we in for further production cuts from OPEC+?

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Breaking News: Hot UK CPI Augments Pound, GBP/USD Above 1.24

GBP/USD rallied on the back of sticky inflation figures particularly from the core metric pushing cable above the 1.24 support handle.

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New Zealand Dollar Slides as RBNZ Hikes by 25 Basis Points, But Sees Peak in Rates

The New Zealand dollar tumbled after the Reserve Bank of New Zealand (RBNZ) raised its benchmark rate by 25 basis points, in line with expectations, but signalled it may be done with tightening.

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US Dollar Steadies on Firm Treasury Yields Despite Debt Ceiling Risks. Higher USD?

The US Dollar ticked higher with Treasury yields to start this week, but the debt ceiling debacle loiters as a potential catalyst for market action. Will the DXY Index rally continue?

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USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)

The U.S. dollar remains apprehensive as debt ceiling talks continue ahead of some key US economic data this week. US PMI figures and Fed speak in focus today.

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Crude Oil Bumped Up on Hopes of a Debt Ceiling Deal. Will WTI Break the Range?

The crude oil price steadied again today as the broader macro picture remains somewhat opaque despite reassurance from Biden and McCarthy. Would a resolution boost WTI?

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Australian Dollar Ahead of Retail Sales: AUD/USD, EUR/AUD, GBP/AUD Price Setups

AUD has been mixed against its peers as Australian rate hike expectations scaled back after employment unexpectedly fell in April. The key focus is now on retail sales data due Friday. What is the outlook for AUD/USD, EUR/AUD, GBP/AUD?

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Gold Price Finds Traction as US Dollar Pauses Despite Higher Yields

Gold continues to consolidate today after looking lower last week as the US Dollar ponders direction with the debt ceiling issue yet to be resolved. Would an agreement impact XAU/USD?

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Japanese Yen Weakens as Treasury Yields Rise, USD/JPY Triangle Breakout in Focus

The Japanese Yen weakened alongside Treasury yields on Monday, with USD/JPY once again testing the ceiling of an Ascending Triangle chart pattern. Is a breakout imminent?

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Gold Fades but Upside Still Favored as Debt-Limit Talks Hit Crunch Time

Gold was subdued on Monday, pressured by rising U.S. treasury yields, but prices may rebound in the coming days if U.S. lawmakers fail to reach a deal to raise the debt limit soon.

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Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, GBP/JPY

The Yen faces a tough challenge moving forward following dovish comments by the BoJ Governor on monetary policy. What does price action tell us about JPY pairs?

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GBP/USD Price Forecast: Markets Appear Cautious as 50-Day MA and 1.2400 Support Level Hold Firm

Cable eyeing a short-term bounce toward the psychological 1.2500 level which could cap gains as US debt ceiling negotiations rumble on.

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​​​FTSE 100, DAX 40 and S&P 500 Hope for US Debt Ceiling Agreement​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations.

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AUD/USD Price Forecast: Aussie Slips on Chinese LPR & Risk Sentiment

AUD/USD gets hit by souring risk sentiment as US debt ceiling takes center stage once more. Chinese economic growth adds to downside as commodity prices slide.

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US Dollar Slides on Uncertainties While Japanese Yen Firms Despite Poor Data

The US Dollar drifted lower as debt ceiling concerns and a potentially dovish Federal Reserve undermined. The Japanese Yen managed to rally after poor data. Lower USD/JPY?

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Crude Oil Price Creates a Range After Failing to Gain. Where to for WTI?

Crude oil prices consolidated into the week as the US Dollar appears vulnerable with debt ceiling uncertainty lingering and the possibility of the Fed being less hawkish. Lower WTI?

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Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

US debt ceiling talks are likely to dominate sentiment after some of the optimism scaled back after reports on Friday that debt ceiling talks have hit a roadblock. Fed speak is expected to continue after mixed remarks from officials last week – some called for a pause while others pushed for more rate hikes. Powell, however, on Friday left the door open for a pause.

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Nasdaq 100, Dow Jones, S&P 500 Forecast: US Indices Rally Facing Key Technical Hurdles

US Indices continued their rise this week as large cap Tech stocks continue to lead the way. There are key technical hurdles ahead which begs the question, can the rally continue?

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EUR/USD Outlook: Euro Attempts Fightback Post Powell, US Data to Come

EUR/USD looks to key US economic data for guidance after a dovish Powell pushed the euro back above 1.08 against the dollar.

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British Pound (GBP/USD) Week Ahead: UK Inflation and US Debt Talks to Dominate

Market sentiment, and price action, will be dictated by ongoing US debt ceiling talks and the latest US and UK inflation reports

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USD/CAD Price Forecast: Loonie Eyes Further Gains to End Week on a High

The loonie is on course for modest gains against the rampant greenback this week thanks to an uptick in Canadian inflation and rate hike expectations. Will the BoC Return to Hiking Rates?

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USD Price Forecast: Dollar Index (DXY) Looks to Fed Chair for Guidance

The U.S. dollar remains at the mercy of Fed officials today with Fed Chair Jerome Powell in focus.

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US Stocks: S&P 500 Tags New Yearly High on Debt Ceiling Optimism

US equities edge higher on improved sentiment. Although, a stronger US dollar, higher yields and increasing expectations of another rate hike in June could cap gains

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US Dollar Eyeing Best 2-Week Performance Since September, Eyes on Resistance

The US Dollar is eyeing its best 2-week period since September after debt ceiling deal bets and rosy jobless claims data added fuel to DXY’s rally. What are key levels to watch?

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Nasdaq 100 Pulls Off Epic Breakout, Rockets to New 2023 Highs, Defying Gravity

The Nasdaq 100 stages a bullish breakout and rises to its best levels since April 2022. While the outlook remains constructive, caution is warranted, with the market approaching overbought territory

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Crude Oil Price Forecast: Brent & WTI Caught Between Supply & US Factors

Brent and WTI crude oil prices have recovered since early May lows as markets look to Fed speak, supply disruptions and the US debt ceiling for guidance.

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Bitcoin (BTC/USD) Price Latest: Struggling to Reclaim Recent Highs Despite Debt Talk Optimism

US debt ceiling talks yesterday between President Biden and House Speaker McCarthy may have paved the way for an agreement to be reached, giving risk markets, including the cryptocurrency space, a boost.

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EUR/USD Price Forecast: EUR/USD Eyeing Bounce at Key Confluence Area

The Euro is looking to arrest its slide against the Greenback as market sentiment improves and key confluence area comes into play. A bounce in store for EURUSD from the 1.0800 handle?

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Japanese Yen Price Setups: USD/JPY, GBP/JPY, EUR/JPY

Positive news about a potential agreement to raise the US debt ceiling lightens market sentiment. Current yen setups are broadly skewed to the downside

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Silver Tech Update: Silver Sell-off Approaches Confluence Zone of Support

Silver approaches a confluence zone of support as last week’s selling continues at a slower pace. Longer-term uptrend remains intact

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British Pound (GBP/USD) Update: BoE’s Bailey, Elevated US Bond Yields

Bank of England Governor Andrew Bailey says the UK’s outlook is getting brighter but the central bank’s commitment to 2% inflation ‘is unwavering’.

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Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

Spot Golds retreat and selloff yesterday puts the precious metal at risk of further downside the longer it remains below the $2000 level. Is this the beginning of the end for Golds bullish run?

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Euro Breaking News: Mixed Inflation Data Reveals Lack of Progress

Euro area headline inflation rose while core inflation saw a modest decline. The data is likely to embolden calls for more hikes but US debt ceiling dominates the narrative

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FTSE 100, DAX 40 and S&P 500 Slip on US Debt Ceiling Woes

Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations

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USD/JPY Price Forecast: Japanese GDP Supportive of BOJ Policy Shift

The Japanese Yen remains under pressure against the USD as US debt ceiling guides market sentiment. USD/JPY now testing key resistance zone.

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Turkish Elections and Implications for the Lira as USD/TRY Eyes Fresh Highs

The Turkish election looks set for a runoff as Turkish Lira observers hope for a policy shift. Will a potential victory for challenger Kemal Kilicdaroglu lead to change in monetary policy?

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Euro (EUR/USD) Latest: Euro Area GDP Grows by 0.1%, German Economic Sentiment Weakens

The Euro Area economy expanded by 0.1% in Q1, in line with market forecasts, while German economic sentiment took a turn for the worse.

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Gold Price Forecast: XAU/USD Faces Busy US Focused Trading Day

Gold prices could be losing their shine as key external factors approach including the US debt ceiling negotiations and Fed speakers.

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Breaking News: UK Employment Data Mixed as Unemployment Rises, GBP/USD Slides

The UK employment data came in mixed this morning as unemployment ticked higher but average earnings remained steady. GBPUSD continued its slide with a deeper retracement starting to look more likely.

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Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?

The crude oil price maintained the gains on a sliding US Dollar overnight after several Fed speakers expressed their differing views. If China continues to struggle, will WTI hold up?

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Australian Dollar Dips on Soft China Data. Will AUD/USD Test Range Lows?

The Australian Dollar slipped after China’s industrial production and retail sales data missed estimates and has the market reassessing the state of the world’s second-largest economy.

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USD/JPY Price Outlook: Yen Eases on Improved Inflation data but Risks Accrue

The yen has surrendered gains against a rather resurgent dollar but increasing geopolitical risks brings the pair back into focus as. US debt ceiling is the main focus

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EUR/USD Price Forecast: EURUSD Grinds Higher Despite Industrial Production Slump

EURUSD holds above support at 1.0840 for now as weak data gives Euro bulls something to ponder. Where to next for EUR/USD?

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Gold Price Latest: Waiting for the Fed’s Thoughts, $2K Currently Provides Support

Gold is stuck in a small trading range so far with little in the way of high impact economic data to move the dial. A raft of Fed speakers this week may change this.

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GBP/USD Price Forecast: Pound Fixated on US Factors

GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.

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Japanese Yen Retreats as US Dollar Takes Flight Despite Debt Debacle. Higher USD/JPY?

The Japanese Yen slipped again on Monday as the US Dollar ascendency continued despite the uncertainty surrounding the US debt ceiling issue. If a solution remains elusive, will it lift USD/JPY?

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US Dollar Leaps with Treasury Yields as Debt Ceiling Takes Centre Stage. Lower EUR/USD?

The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the USD rally continue?

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Markets Week Ahead: Gold, S&P 500, US Dollar; Powell, Debt Ceiling, Australia Jobs, Germany ZEW, China Data

Markets will be looking for cues from Fed Chair Jerome Powell after hawkish remarks from Fed officials raised doubts on whether the US central bank will pause at its next meeting. With more evidence of weakness in the post-Covid recovery in China, concerns regarding the US debt ceiling and US banking sector, the positive drivers for markets are dwindling, just as the earnings season draws to a close.

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Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impasse weighing on market sentiment and risk appetite.

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BRITISH POUND (GBP) WEEKLY FORECAST: GBP Bulls Eye Fresh Catalyst with UK Employment Data

The British Pound has seen a positive week on the data front but losses against the greenback to end the week has added a bitter taste. 1.2460 holds the key for bullish continuation with UK Employment data in the week ahead.

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Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still Upbeat

Gold prices fell on Friday, retreating for the third consecutive session, but the pullback was modest, a sign that bulls are not yet bailing out despite the metal’s subdued performance for most of the week.

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Copper Prices Drop on Weaker Chinese Data, Demand Concerns

Copper, often a leading economic indicator, turns lower after disappointing Chinese data and weaker metal demand sends a warning signal to the global economy

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US Dollar Latest: Bullish Move Stalls at Channel Resistance

The US dollar is little changed in early trade after yesterday’s sizeable move higher, bouncing off a long-term zone of support. Levels to watch for DXY

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AUD/USD in Tatters after Fake Breakout, NZD/USD Fails to Confirm Double Bottom

AUD/USD and NZD/USD fall sharply on Thursday amid negative market sentiment, with both pairs taking a sharp turn to the downside after failing to clear key technical resistance levels.

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What’s Going on With the South African Rand & Will We See a New ATH?

USD/ZAR is nearing a fresh all-time-high after being hit by several drawbacks from multiple fronts. Is the rand the next to fall after the Turkish lira?

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USD Breaking News: Favourable PPI Print Accompanied by Softening Jobs Data

PPI revealed a welcome print below expectations at the same time a key jobs indicator, initial jobless claims, turned higher. USD continues move lower

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Bank of England Hikes Rates by 25 Basis Points to 4.5%, Sterling Nudges Higher

The Bank of England (BoE) hiked interest rates by 25bps, the 12th consecutive time that the central bank has increased the UK Bank Rate. Sterling tests 1.2600 against the US dollar.

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Gold Price Forecast: Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported

Spot Gold bears make a fresh push lower helped by some dollar strength. Acceptance below $2000/oz seems an impossible task as recessionary fears remain in play.

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ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance.

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Oil Technical Update: WTI and Brent Crude Recovery on Hold after US CPI

The recovery in the oil market appears to have found a pocket of resistance, potentially stifling an impressive 4-day recovery. Technical levels to watch

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USD Breaking News: Humdrum US CPI Leaves DXY on Offer

The US dollar weakened after US CPI showed yet another gradual decline in inflationary pressures.

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EUR/GBP Latest: Support Breaks Ahead of BoE Rate Decision

A break of multi-month support has seen EUR/GBP hit levels last seen in mid-December as the British Pound continues to nudge higher. Next up, the latest BoE monetary policy decision.

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USD/JPY Price Forecast: Japanese Yen Watchful After Ueda Address, US CPI to Come

USD/JPY is approaching the apex of the developing ascending triangle pattern. Could upcoming US CPI provide a breakout for the weakening Japanese yen?

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EUR/USD Latest: CoT Report Confirms Overcrowded EUR/USD Positioning

The data from the latest CoT report highlights the dominance of the bullish euro stance, however, recent resistance has proven tough to crack as a pullback sets in

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GBP/USD Price Forecast: 1.2600 Holding Firm as Bulls Eye a Fresh Catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought territory. Deeper retracement incoming?

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DAX Price Outlook: Reduced Volatility and Momentum Highlight Range Potential

The DAX has attempted a retest of the yearly high but fading momentum suggests an external catalyst will be needed to propel the index higher

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EUR/USD Crumples as Bears Reload, USD/JPY Still Licking its Wounds

EUR/USD fell sharply on Tuesday, extending losses for the second day in a row amid cautious sentiment. Meanwhile, USD/JPY eked out a small gain, but lacked strong directional conviction.

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S&P 500 Remains Vulnerable as Nasdaq 100 Hits New YTD High

The Nasdaq 100 Index enters bull market territory, up over 20% since the lows while the SPX remains under pressure below the 4200 level. SPX eyeing a return to the 4000 handle?

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Gold Price Latest - $2,000/oz. Support Stands Firm as US Inflation Reports Near

Gold traded all the way back down to $2,000/oz. on Friday after the latest US Jobs Report but bounced back quickly and is eyeing notable resistance around $2,050/oz.

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GBP/USD Price Forecast: Anticipation Builds Around BoE Announcement

GBP/USD lingers near yearly swing highs but today’s Halifax house price index has dampened recent upside ahead of US CPI and the Bank of England (BoE).

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Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?

The crude oil price has stabilised so far on Tuesday after recovering from last week’s rout as soft Chinese data left markets pondering ahead of tomorrow’s US CPI. Where to for WTI?

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Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPY

Yen retreats as safe haven appeal dissipates at the start of the week. The Yen to come under renewed selling pressure?

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EUR/USD Price Forecast: Euro Bulls Fight Exhaustion Below the 1.1100 Level

EURUSD holds above the psychological 1.1000 mark as bulls appear exhausted. Will 1.1100 remain out of reach as US CPI lies Ahead?

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AUD/USD Price Forecast: Commodity Prices Reinforce Aussie While USD Slips

AUD/USD prices are up roughly 0.5% looking for its 6th consecutive green close as the pair prepares for a stacked economic data filled week.

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XAU/USD Forecast: Gold Prices Delay Ahead of US CPI

Gold prices trade marginally stronger this morning but with high impact data scheduled later in the week, XAU/USD is likely to remain subdued until then.

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US Dollar Treads Water Post Jobs and Ahead of CPI. Where to for the DXY Index?

The US Dollar dipped today as markets reassess risk appetite after strong US jobs data on Friday might indicate a more robust economy than previously thought. Will USD recover?

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Crude Oil Price Steadies After Tumultuous Week. Where to for WTI?

Crude oil prices consolidated into the week as markets take stock of the macroeconomic environment and OPEC+ continues to be on traders’ minds. Will WTI recover further?

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Markets Week Ahead: S&P 500, Gold, US Dollar, Oil, BOE, US CPI, China Inflation

Key focus in the coming week is on US CPI data, the Bank of England interest rate decision, and China inflation and new yuan loans data. Also, 32 S&P 500 companies are scheduled to report results for the first quarter.

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Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears Persist

Oil prices recovered aggressively from multi-month lows as WTI closed the week above the $70 a barrel mark. Technicals hint at a deeper recovery but market sentiment remains fragile.

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British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap

The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key.

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Euro Fatiguing Heading Into an Inflation Filled Week?

EUR/USD looks to be prepping for a key technical breakout that could be catalyzed by upcoming US and German inflation data.

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S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage

US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend.

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April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise

US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low.

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Swiss Franc Price Outlook: Banking Woes Support CHF Bid

The Swiss Franc has been one of the top performers against the dollar as its safe-haven allure provides shelter from the recent banking and economic uncertainty

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US Dollar (DXY) Struggles Continue as the Latest US Jobs Report (NFP) Nears

If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up, US NFPs.

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GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP

GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback?

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USD/CAD Price Forecast: Loonie Bid on Upbeat Canadian Balance of Trade Data

CAD is gaining ground on the US dollar but high impact economic data tomorrow will be in focus possibly resulting in a bull pennant break on USD/CAD daily chart.

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ECB Delivers 25bps Hike Leaving the Door Open for Further Hikes, EUR/USD Slides

ECB hikes rates by 25bps while pledging that future decisions will make rates sufficiently restrictive. EURUSD heading toward the 1.1000 level

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Gold (XAU/USD) Giving Back Post-FOMC Record Gains But The Future Seems Bright

A dovish interpretation of Jerome Powell’s FOMC statement on Wednesday sent gold spiking to a fresh all-time high before the precious metal retraced most of the move.

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British Pound Latest: GBP/USD Bid on FOMC Outlook, EUR/GBP Eyes the ECB

The Federal Reserve raised rates by 25 basis points as expected yesterday but the US hiking cycle may well be over. Next up the ECB.

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AUD/USD Price Forecast: Pro-growth Aussie Struggles to Capitalize on Dovish Fed

AUD/USD is trading at a key inflection point as the Aussie dollar faces a weakening USD while risk aversion takes hold. Where to next?

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US Dollar Crunched Post Fed Hike as Oil and Gold Rip Apart. New DXY Index Low?

The US Dollar descended again today after the market perceived the Fed to have delivered a dovish hike in rates. Crude went into a tailspin while gold found new legs. Will USD break lower?

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Dow Jones, S&P 500, Nasdaq 100 Sink after Fed, Powell, PacWest Woes Crush Sentiment

The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Fed rate decision, Powell’s press conference, and another troubled regional bank, PacWest, deteriorated sentiment. Where to?

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Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings

The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving forces behind FX

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Euro Latest: EUR/USD and EUR/JPY Prices and Outlooks

The Federal Reserve and the European Central Bank will announce their latest policy decisions in the next 24 hours and that makes trading EUR/USD a tricky proposition.

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Gold Eyes YTD High Following Triangle Breakout, FOMC and Overall Sentiment Remain Key

Spot Gold Benefits as Safe Haven Appeal Returns. Will the FOMC meeting provide the catalyst for fresh highs?

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USD/JPY Price Forecast: Japanese Yen Set for Safe Haven vs FOMC Battle

USD/JPY now looks to key US economic data and the FOMC for guidance while keeping a close eye on the developing banking crisis. Yen sandwiched between 135 and 140.

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Crude Oil Price Punished Ahead of Fed on Recession Fears. Will WTI Push Lower?

Crude oil is on the back foot as recession alarm bells are ringing with US banks and data undermining confidence. If the Fed turns more hawkish, will it stoke more slowdown fears?

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Gold Price Holds the High Ground as Treasury Yields Retreat. Where to for XAU/USD?

The gold price found support overnight with concerns around the US banking sector undermining sentiment and perceived haven assets gaining lustre. Will XAU/USD make a new peak?

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Nasdaq Price Update: Apple Earnings, FOMC, NFP to Provide Volatility

The largest company by market cap reports its Q2 earnings in a week comprising of a Fed rate decision, services PMI and US non-farm payroll data. Volatility lift expected

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Japanese Yen Price Action Update: EUR/JPY, USD/JPY. AUD/JPY

Concern around diverging Central Bank policies and improving sentiment sees the Euro hit 15-year high to the Yen. Where to next for Yen pairs?

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Gold Price (XAU/USD), Silver Price (XAG/USD): Attention Now Turns to the Federal Reserve

The Fed will announce its latest monetary policy decision on Wednesday with a 25 basis point rate hike now fully priced-in.

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Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower

Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps hike from the ECB now a certainty on Thursday?

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GBP/USD Price Forecast: Pound Resilient Ahead of Fed

GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25.

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Australian Dollar Spike After RBA Hikes. Will AUD/USD Find Higher Ground?

The Australian Dollar shot higher after the RBA raised the cash rate to 3.85% surprising markets. The bank cited inflation as being too high. If they hike again, will AUD/USD go higher?

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Crude Oil Steadies as Markets Eye Fed and ECB Rate Decisions. Where to for WTI?

Crude oil prices consolidated into Tuesday as markets digest data ahead of monetary policy meetings from the Federal Reserve and the ECB. If both banks tighten, will WTI go lower?

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USD/JPY Goes Ballistic, Pulverizes Key Fib Resistance, S&P 500 Wavers at 4,200

USD/JPY breaks above confluence resistance on Monday, bolstered by higher U.S. yields. Meanwhile, the S&P 500 struggles at the 4,200 level, with bulls and bears battling for control of the market.

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Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause

Gold prices retreat as U.S. ISM manufacturing data weakens the case for a Fed pause, triggering a sharp rally in U.S. Treasury yields.

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