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Tuesday, 28 February 2023

US Dollar Extends Losses as Consumer Confidence Sours. What’s Next for the USD?

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The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their dai...

Pound Sterling Reacts Favorably to NI Protocol - GBP/USD, GBP/JPY Rise

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News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the D...

Crude Oil Market Looks Nervously To PMIs, Inventory Data

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A nervy oil market awaits a slew of both energy-specific and general economic numbers from DailyFX - Market News https://ift.tt/hIPMRCN v...

USD/JPY Facing Strong Technical Hurdle at the 137.00 Level

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The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technic...

Canadian Dollar Outlook: USD/CAD Price Seeks Breakout Ahead of Canadian GDP

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USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the ...
Monday, 27 February 2023

Gold Prices at Risk Heading into US Consumer Confidence Data, Death Cross Eyed

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Gold prices appear at risk as traders turn their attention to US Consumer Confidence data next. Meanwhile, a bearish Death Cross is in focus...

USD Breaking News: US Dollar Index (DXY) Retreats as Durable Goods Data Disappoints

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US durable goods orders fell more than expected in January, reflecting a decline in 2 of the last 3 months according to data from the US Cen...

EURUSD Limps Into New Week, Looks Ahead To Eurozone CPI

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The Euro has been battered like many other currencies by Dollar-supporting suspicions that US interest rates will be staying higher for long...

Higher Inflation Will Change the Trading and Investment Landscape

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The markets and assets that do well when price growth is cowed might not be such great investments when it is more vigorous. from DailyFX ...

Gold Price Forecast: Short-Term Bounce Potential at $1800 Psychological Level

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Spot gold continues to make its way toward the $1800 level as the Dollar remains bid following US PCE Data. Can the precious metal catch a s...

GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

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GBP/USD price action has the pound testing the key 200-day MA ahead of the US durable goods orders release later today. from DailyFX - Mar...
Sunday, 26 February 2023

US Dollar Holds the High Ground as Inflation Haunts Markets. Where to for USD?

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The US Dollar ascendency got back on track last week after strong core US PCE data triggered fears of an even more aggressive Fed tightening...

Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, USD/CAD, AUD/USD, GDP

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The Dow Jones and S&P 500 tumbled as PCE data boosted hawkish Fed bets last week. The US Dollar gained, and gold fell. Ahead, CAD and AU...

Gold Price Fundamental Forecast: XAU/USD Under Pressure From Raging Dollar

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Gold prices head into the week on the backfoot after a resilient dollar remains supported by salivated inflationary pressures. XAU/USD eyes ...
Saturday, 25 February 2023

USD/CAD at Fresh 2023 Highs After Bullish Breakout, Oil Forges Bearish Pattern

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USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technical bias as prices...

US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE Data

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The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to a hawkish repri...
Friday, 24 February 2023

Euro Weekly Forecast: EUR/USD Gains As Eurozone Data Show Modest Return To Growth

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The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped from Dai...

Oil Outlook: Russia – Ukraine One Year of Conflict Boosts WTI & Brent

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Russia, Ukraine conflict reaches one year mark, adding pressure to the oil trajectory over the next year. from DailyFX - Market News https...

US Core PCE Rises 4.7% vs 4.3% Forecast, Inflation Pushes Back

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A series of stubborn prices pressures via hotter CPI and PPI readings warned of a slowdown of the disinflation trend. However, January’s dat...

USDJPY Inches Up Incoming BoJ Head Suggests Continuity With Kuroda

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The Japanese Yen slipped back a little despite more strong inflation numbers as the man set to take over at the Bank of Japan offered little...