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Friday, 31 March 2023

Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2

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Bitcoin bulls have come back with vengeance after a disappointing 2022, resuming the uptrend from the first quarter of this year. After gain...

Gold Fundamental Forecast: Gold Glowing into Q2 as Fed Peaks

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Gold prices ripped higher in Q1 as rate expectations eased and banks fell into financial distress. Will bulls continue to drive the safe-hav...

US Inflation Nudges Lower, US Dollar (DXY) Also Slips on Drifting Rate Expectations

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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. fr...

Gold Price Uptrend Looks Solid With $2000 Very Much In Play

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Gold prices are again close to $2000, a level they don’t usually spend very long above from DailyFX - Market News https://ift.tt/2Zhd4aw ...

Euro Breaking News: Core Inflation Reaches New High, Validating ECB Hawks

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Despite a record drop in the headline measure of inflation, core inflation heads higher. Renewed expectations of ECB rate hikes and weak dol...
Thursday, 30 March 2023

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

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The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officia...

USD/CAD Mauled as Canadian Dollar Bulls Pounce, Key Support at Risk of Cracking

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The Canadian dollar continues to strengthen against the U.S. dollar amid positive market sentiment and higher oil prices, with USD/CAD on th...

EUR/USD Confronts Trendline Resistance, Threatens Breakout After Hot German CPI

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EUR/USD rallies and threatens to break above a key technical resistance after hotter-than-expected German inflation data boosts European bon...

USD Breaking News: Final US (Q4) GDP Revised Lower but Data Remains Robust

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US GDP drops quarter-on-quarter, but fundamental data remains robust despite rising interest rates and the recent banking turmoil. USD dips ...

DAX 40 Price Forecast: European Stocks Soar Ahead of German Inflation

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Equities have continued to rally in today’s session, allowing the German Dax to break through key technical levels ahead of important inflat...

Gold Prices Stick To Uptrend As Market Mulls US Rate Path

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Gold continues to benefit from the view that US borrowing costs are near their peak from DailyFX - Market News https://ift.tt/7fAaGs6 via...
Wednesday, 29 March 2023

Crude Oil Prices Fall on Soft Fed Energy Report, Eyes on US Jobless Claims Next

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Crude oil prices fell after a disappointing energy survey from the Federal Reserve. Over the remaining 24 hours, WTI remains vulnerable to a...

Japanese Yen Slips as US Dollar Recovers Along with Risk Assets. Where to for USD/JPY?

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The Japanese Yen ran lower going into Thursday with fiscal year-end approaching and a generally buoyant mood for markets with banking issues...

S&P 500 Attacks Trendline Resistance as Bulls Assert Control. Breakout Looming?

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S&P 500 rallies and challenges a key technical resistance as market sentiment continues to improve amid easing concerns around the healt...

S&P 500, Nasdaq Set to Open Higher Upon an Improved Outlook

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Markets appear satisfied, for now, that banking concerns have eased, making room for improved risk appetite. S&P 500 and the Nasdaq 100 ...

USD/JPY Moves Higher as the Japanese Yen Sheds its Risk Premium

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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 ...

EUR/USD Hands Back Some Gains, German CPI Data In Focus

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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 ...
Tuesday, 28 March 2023

Oil Gains on Supply Disruption Risks but Headwinds Loom, Key Levels to Watch

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Oil prices rise to their best level in two weeks on supply disruptions in the Middle East, but the technical outlook suggests that the recen...

US Consumer Confidence Rebounds Unexpectedly, but Fails to Boost US dollar

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The U.S. dollar retains a negative bias despite better-than-expected consumer confidence data, as traders remain focused on the U.S. banking...

Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher

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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 ho...