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Thursday, 31 March 2022

Crude Oil Forecast: WTI Price Drop Extends on US SPR Release, Brent Losses Outpace

Oil prices continue to fall on Friday during Asia-Pacific hours as traders digest the US move to release one million barrels of oil per day from the Strategic Petroleum Reserve. Brent prices underp...

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EUR/USD Reveres from 50-Day SMA with US NFP Report on Tap

Fresh data prints coming out of the US may drag on EUR/USD as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

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NZD/USD May Fall as APAC Traders Brace for US Jobs Report

The New Zealand Dollar may fall against the US Dollar as Asia-Pacific traders brace for tonight's US jobs report. Asian equity markets may fall after US-listed Chinese tech stocks plunged overnight.

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Gold Price Forecast: Rebound Takes Shape Following Test of 50-Day SMA

The price of gold may stage a larger recovery over the coming days as it appears to be reversing course after testing the 50-Day SMA ($1896).

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Rate hike odds have increased meaningfully for both the BOE and ECB in recent weeks.

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Wednesday, 30 March 2022

Gold Prices Steady, DAX Stock Index Stumbles on Ukraine Letdown

Gold prices steadied while Germany’s benchmark DAX stock fell as hopes for a breakthrough in negotiations between Russia and Ukraine appeared to sour.

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AUD/USD Unfazed on Downbeat Chinese PMI Data. Will the PBOC Respond?

The Australian Dollar was largely unfazed against the US Dollar after China reported a slowdown in its services and manufacturing sectors in March, according to PMI data. That may pressure the PBOC...

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Crude Oil Prices Sink as White House Weighs Plan to Release a Million Barrels Daily

WTI crude oil prices are sinking after reports crossed the wires that the White House is weighing a plan to release one million barrels of the commodity daily to help alleviate inflation.

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USD/JPY Pullback May Continue as Traders Eye Chinese PMI Data Amid Risk-Off Move

The Japanese Yen strengthened for a second day as Wall Street traders shifted out of equities as oil prices rose on a large US inventory draw. China PMI data is in focus and may influence market se...

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S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices

U.S. stocks fail to maintain momentum and take a turn to the downside as war worries drive oil prices higher, fueling concerns about cost-push inflation.

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USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports

USD/CAD may depreciate over the remainder of the week as the exchange rate fails to defend the opening range for 2022.

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Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD

The major EUR-crosses are coalescing around a singular theme.

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Tuesday, 29 March 2022

Crude Oil Prices: EIA Data in Focus as WTI Trades at Steep Discount to Brent

Oil traders have EIA inventory data in focus as a steep price discount in WTI crude may drive US exports higher amid broader global economic factors.

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Australian Dollar Holds Gains Amid Budget, Ukraine War. Will RBA Push AUD/USD Higher?

The Australian Dollar has maintained a 2-month rally against a backdrop of Ukraine war uncertainty, a pre-election budget and possible RBA action.

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USD/JPY Rate Outlook Susceptible to RSI Sell Signal

A move below 70 in the Relative Strength Index (RSI) is likely to be accompanied by a near-term correction in USD/JPY as the oscillator offers a textbook sell signal.

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Bitcoin Eyes 50,000 in Asia-Pacific Trading as Key Moving Average Interrupts Rally

The Bitcoin rally stalled overnight at the 200-day Simple Moving Average despite a risk-on trading session in New York. The prevailing market sentiment may carry over into APAC trading amid a light...

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Nasdaq 100 Reclaims Key Moving Average, Russell 2000 Confirms Double Bottom Pattern

U.S. stocks rally on Tuesday on broad-based positive sentiment after Russia announces it will scale back some military activities to increase trust and give ongoing peace talks a chance of success.

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