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Sunday, 30 April 2023

Crude Oil Slip on Soft Data Ahead of Fed and ECB Decisions. Where to for WTI?

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The crude oil price gave up some of Friday’s gain to start the week after Chinese PMI data missed forecasts and several markets are closed f...

Gold Price Trapped Ahead of a Busy Week as US Dollar Pauses. Where to for XAU/USD?

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The gold price slipped at the open on Monday as traders prepare for the Fed’s interest rate decision and the potential for impact across the...

Markets Week Ahead: Fed, ECB, RBA, S&P 500, Gold, US Dollar

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Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology compa...

US Dollar’s Direction Hinges on Fed’s Policy Outlook, US Labor Market Data

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The Fed's policy decision at its May meeting and the April nonfarm payrolls report will steal the spotlight next week and will be key in...

Crude Oil Weekly Forecast: OPEC+ Production Gains Wiped Out Ahead of Pivotal Week for Oil Prices

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Oil fluctuated between losses and gains this past week as recession fears continue to weigh on prices. Will huge swathes of data this week b...
Saturday, 29 April 2023

British Pound Week Ahead: GBP/USD and EUR/GBP Will Dance to Different Music

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The latest Fed and ECB monetary policy decisions next week will steer GBP/USD and EUR/GBP in the short-term. from DailyFX - Market News ht...
Friday, 28 April 2023

S&P 500, Nasdaq Weekly Forecast: Climbing the Wall of Worry

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Earnings from the big technology companies may have boosted US equity indices but the bar for further gains is rising ahead of the US FOMC m...

Gold Wavers Ahead of Big Data Week, Fed and Jobs Report Eyed for Market Cues

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Gold prices were subdued on Friday, but market moves were limited, with many traders sitting on the sidelines and avoiding taking large dire...

US Core and Headline Inflation Diverge, Employment Costs Rise, US Dollar Nudges Higher.

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Core inflationary pressures in the US remain elevated, while headline inflation continues to fall. While the latter will please the Fed, it ...

USD/JPY Price Forecast: Dovish BoJ Inspires USD/JPY Rally, 200-Day MA in Sight

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USD/JPY is facing some technical challenges following a 250-odd pip rally. Time for a retracement or bullish continuation? from DailyFX - ...

EU Breaking News: German Economy Stagnates, EU GDP Grows Marginally

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The German economy failed to grow in the first quarter of 2023 but also narrowly avoided a contraction, Euro Area registered a minor gain. E...

AUD/USD Price Forecast: New 2023 Low for Aussie dollar?

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AUD/USD is on the backfoot this morning after housing credit remained subdued. The Aussie dollar now looks ahead to US core PCE and consumer...
Thursday, 27 April 2023

Amazon Soars on Upbeat Earnings, S&P 500 Futures Add to Gains as Big Tech Delivers

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Amazon’s financial results beat expectations, with both EPS and revenue clocking in above estimates. Shares of the e-commerce company soar a...

Nasdaq 100 Blasts Higher as Meta’s Earnings Boost Tech, Apple in Focus Next Week

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The Nasdaq 100 rallies on Thursday as solid earnings from Meta Platforms boost sentiment on Wall Street, lifting tech stocks. Apple’s quarte...

GBP/USD Price Outlook: Cable Struggling for Bullish Continuation

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GBP/USD edged towards the recent peak but bullish momentum appears to be waning ahead of a period of high importance US data including PCE d...

US Q1 Growth (GDP) Disappoints, US Dollar Nudges Higher Post-Release

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The US economy expanded by much less than expected in Q1 2023 while prices continue to rise, leaving the Fed with plenty to think about ahea...

Japanese Yen Price Action Setups: AUD/JPY, USD/JPY and EUR/JPY

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The re-emergence of US banking concerns and plenty of high impact data including US GDP, Fed and ECB rates meetings, warrants a closer look ...

Euro Latest: EUR/USD Stuck in a Holding Pattern Ahead of High Impact Data Releases

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EUR/USD volatility is likely to return shortly with a slew of high importance US and Euro Area data set for release over the next 36 hours. ...
Wednesday, 26 April 2023

Crude Oil Sinks as Sentiment Waivers in the Face of Supportive Data. Lower WTI?

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Crude oil prices have pulled back to levels seen prior to OPEC+ lowering its output target and underlying market structures might be less su...

S&P 500 Subdued Despite Microsoft’s Bullish Explosion, US First-Quarter GDP Eyed

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The S&P 500 fell on Wednesday, undermined by cautious market sentiment, with most sectors ending the day in negative territory but tech ...