The Euro Area saw core inflation cool in August but the headline and MoM figure remain sticky. No real clarity from today's data will only add to the ECB's conundrum moving forward.
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Thursday, 31 August 2023
XAU/USD Price Forecast: Gold Extends on US Jobs Data
Gold prices have pushed higher on recent US jobs figures but PCE and NFP data will be key inputs as to the Fed’s rates trajectory.
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Wednesday, 30 August 2023
US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?
The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will the DXY (USD) index trend lower?
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Wait-and-See Ahead of US PCE Data, China’s PMI Mixed: SPDR Semiconductor ETF, China A50, Brent Crude
Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core PCE data release later today.
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Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?
AUD rose briefly on tentative signs that China's manufacturing activity could be reviving. Can AUD/USD rise toward 0.66?
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Euro Jumps as US Dollar Pauses and Japanese Yen Sinks. Higher EUR/USD and EUR/JPY?
The Euro recovery story continues as the US Dollar ascendency is questioned and the Japanese Yen is allowed to slide. Eurozone CPI lies ahead. Will it boost EUR/USD and EUR/JPY further?
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Stocks Resume Their Bullish Run; FTSE 100, Nasdaq 100, Dow Jones
Outlook on FTSE 100, Dow and Nasdaq 100 as hopes of the Fed moving away from its tightening path grow.
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Japanese Yen Price Action Setups: USD/JPY, GBP/JPY Key Levels Identified
USD/JPY, GBP/JPY post recovery in the Asian session as BoJ Board member Tamura spoke. His comments were largely construed as dovish in nature and added renewed selling pressure on the Yen. Where to Next?
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Tuesday, 29 August 2023
Euro’s Downside Cushioned Ahead of Euro Area CPI, US PCE: EUR/USD, EUR/GBP Action
EUR is attempting to recover some lost ground ahead of Euro area inflation data and US core PCE price index data due Thursday. Will it last? EUR/USD and EUR/GBP price setups.
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Asia Day Ahead: Weak US Data Cooled Rate Bets; Australia inflation Below Expected
Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline.
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Australian Dollar Falls After CPI Miss; Which Way for AUD/USD, AUD/JPY?
AUD fell after Australia consumer price inflation moderated more than expected last month. What does it mean for AUD/USD’s trend and what are the key levels to watch in AUD/JPY?
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Bitcoin Soars on Grayscale’s Legal Victory over SEC. What’s Next for BTC/USD?
Bitcoin staged a vigorous rally after the U.S. Court of Appeals for the DC Circuit delivered a significant setback to the SEC's attempt to stymie Grayscale's attempt to launch a cryptocurrency ETF.
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Stock Indices Track Asia Higher
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of today’s U.S. consumer confidence and job openings data.
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Pound Bulls Wary Ahead of Key US & EZ Data: GBP/USD, EUR/GBP
GBP/USD & EUR/GBP prices show pound resilience as markets keenly await US and euro data for guidance.
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Monday, 28 August 2023
More Pain Ahead for Crude Oil? Is the Rebound Over in Natural Gas?
Crude oil may have pulled back recently, but it is too soon to conclude that the nascent rebound is over. In contrast, the five-month-long rebound in natural gas appears to be cracking. What is the outlook and what are the key levels to watch?
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Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY
AUD is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesday. What is the outlook for AUD/USD, AUD/NZD, and AUD/JPY?
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Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD
Wall Street gained for the second straight day, as US Treasury yields took a breather after touching their recent highs.
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British Pound Forecast: GBP/USD Awaits NFP as GBP/JPY Cheers Ueda’s Dovish Views
This article delves into GBP/USD and GBP/JPY through a technical lens, dissecting pivotal support and resistance levels that warrant close observation during the upcoming trading sessions.
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XAU/USD Price Forecast: Gold Retains Gains Post-Powell
Gold prices look tentative this week ahead of key US economic data including GDP, Core PCE and NFPs. XAU/USD holds above $1900/oz.
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Sunday, 27 August 2023
Australian Dollar Boosted by Hang Seng Uplift on China’s Tweaks. Will AUD/USD Recover?
The Australian Dollar drifted higher today after China continued to announce measures to backstop a struggling economic outlook amid the Jackson Hole fallout. Where to for AUD/USD?
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...