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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