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Thursday, 31 August 2023

EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady

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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 on...

XAU/USD Price Forecast: Gold Extends on US Jobs Data

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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. from Da...
Wednesday, 30 August 2023

US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?

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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 continui...

Wait-and-See Ahead of US PCE Data, China’s PMI Mixed: SPDR Semiconductor ETF, China A50, Brent Crude

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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...

Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?

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AUD rose briefly on tentative signs that China's manufacturing activity could be reviving. Can AUD/USD rise toward 0.66? from DailyFX ...

Euro Jumps as US Dollar Pauses and Japanese Yen Sinks. Higher EUR/USD and EUR/JPY?

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The Euro recovery story continues as the US Dollar ascendency is questioned and the Japanese Yen is allowed to slide. Eurozone CPI lies ahea...

Stocks Resume Their Bullish Run; FTSE 100, Nasdaq 100, Dow Jones

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​​Outlook on FTSE 100, Dow and Nasdaq 100 as hopes of the Fed moving away from its tightening path grow. from DailyFX - Market News https:...

Japanese Yen Price Action Setups: USD/JPY, GBP/JPY Key Levels Identified

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USD/JPY, GBP/JPY post recovery in the Asian session as BoJ Board member Tamura spoke. His comments were largely construed as dovish in natur...
Tuesday, 29 August 2023

Euro’s Downside Cushioned Ahead of Euro Area CPI, US PCE: EUR/USD, EUR/GBP Action

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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?...

Asia Day Ahead: Weak US Data Cooled Rate Bets; Australia inflation Below Expected

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Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Tre...

Australian Dollar Falls After CPI Miss; Which Way for AUD/USD, AUD/JPY?

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AUD fell after Australia consumer price inflation moderated more than expected last month. What does it mean for AUD/USD’s trend and what ar...

Bitcoin Soars on Grayscale’s Legal Victory over SEC. What’s Next for BTC/USD?

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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 ...

Stock Indices Track Asia Higher

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​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of today’s U.S. consumer confidence and job openings data. from DailyFX - Market News ...

Pound Bulls Wary Ahead of Key US & EZ Data: GBP/USD, EUR/GBP

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GBP/USD & EUR/GBP prices show pound resilience as markets keenly await US and euro data for guidance. from DailyFX - Market News https...
Monday, 28 August 2023

More Pain Ahead for Crude Oil? Is the Rebound Over in Natural Gas?

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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 r...

Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY

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AUD is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesda...

Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD

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Wall Street gained for the second straight day, as US Treasury yields took a breather after touching their recent highs. from DailyFX - Ma...

British Pound Forecast: GBP/USD Awaits NFP as GBP/JPY Cheers Ueda’s Dovish Views

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This article delves into GBP/USD and GBP/JPY through a technical lens, dissecting pivotal support and resistance levels that warrant close o...

XAU/USD Price Forecast: Gold Retains Gains Post-Powell

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Gold prices look tentative this week ahead of key US economic data including GDP, Core PCE and NFPs. XAU/USD holds above $1900/oz. from Da...
Sunday, 27 August 2023

Australian Dollar Boosted by Hang Seng Uplift on China’s Tweaks. Will AUD/USD Recover?

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The Australian Dollar drifted higher today after China continued to announce measures to backstop a struggling economic outlook amid the Jac...