Gold Price Outlook Mired by Failure to Test August High

The price of gold may consolidate ahead of the US Non-Farm Payrolls (NFP) on tap for later this week amid the failed attempt to test the monthly high ($1832).

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US Dollar (DXY) Muted as US Consumer Confidence Drops

US Consumer Confidence drops on Delta concerns. USD muted with focus on more important data.

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Eurozone CPI: Euro Core Inflation Beats Estimates, EUR/USD Pushes Higher

Core Inflation for the Eurozone comes in at 1.6% vs the 1.5% forecast. EUR/USD reacts by rising above 1.180.

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Market Sentiment Webinar: Long Positions Jump in USD/CAD

Trader confidence in riskier assets such as stocks is rising, at the expense of safe havens such as the US Dollar, yet long positions in USD/CAD have risen sharply over the past week.

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Australian Dollar Forecast: Further AUD/USD Upside Facing Hurdles

AUD/USD Shrugging Off Covid and China Concerns, However, Further Upside Faces Hurdles

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Canadian Dollar Forecast: USD/CAD Breaking Lower and Testing Trend Support

The recent weakness in the US dollar and the pick-up in oil prices is pushing USD/CAD ever lower with a multi-month supportive trendline now under threat.

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NZD/USD Jumps, Nikkei 225 Up on Japan Data Beat, Hang Seng Lower After China PMI Miss. USD Sidelined?

NZD higher as USD softens in Asia, while APAC equities reacted to local data after another record high on Wall Street. Will “risk on” continue?

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British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

While GBP/USD continues to benefit from US Dollar weakness, the EUR/GBP chart shows a symmetrical triangle pattern that could signal another leg upwards.

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Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed

Crude oil is on the upswing as UK markets reopen after a holiday but prices may struggle on approach to trend resistance. inventory data and an OPEC+ meeting are eyed ahead.

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Gold Price Outlook: XAU/USD May Find Support if US Sentiment Data Disappoints

Gold prices may find support if US Conference Board Consumer Confidence data disappoints. XAU/USD technical signals seem to offer a near-term upside bias.

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Iron Ore and Copper Forecast: NFPs in Focus After China PMIs Flash Warning Signs

Iron ore and copper prices are softer after Chinese economic data showed a worse-than-expected slowdown in manufacturing and services activity. Traders are shifting focus to the US NFP report due o...

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Dow Jones Pulls Back While Nasdaq Surges, Hang Seng May Rise

The cyclically-oriented sectors led the losses on Wall Street, pulling the Dow Jones lower. The Nasdaq 100 index hits a record high however. Asia-Pacific markets opened higher following a strong te...

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Australian Dollar Looks Past China Non-Manufacturing PMI Slump, Will AUD/USD Rise?

The Australian Dollar brushed off a disappointing Chinese Non-Manufacturing PMI report, coming in at 47.5 against 52.0 expected. Will AUD/USD push higher?

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Nasdaq 100 Forecast for the Week Ahead: 16000 in Focus as Non-Farm Payrolls Near

The Nasdaq 100 hit another record, nearing 16000 in the aftermath of the Fed’s Jackson Hole Symposium. Will a softer US non-farm payrolls report add more momentum to tech stocks?

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New Zealand Dollar Forecast: NZD/USD Pinned on Covid Woes as Chinese PMI Looms

The New Zealand Dollar is softening versus the US Dollar as Covid woes weigh on sentiment. Traders are eying today's PMI data out of China, which may have market-moving potential.

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WTI US Crude Oil Outlook: OPEC+ Overshadows Hurricane IDA as Oil Prices Stall

US Crude Oil prices stall below $70.00 despite Hurricane IDA threatening supply, OPEC+ expected to meet on Wednesday.

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USD/MXN Slides on Lower US Treasury Yields, Market Focus Turns to NFP Data

USD/MXN extends Friday's decline and falls moderately on Monday as U.S. Treasury yields lose further ground following Powell's dovish remarks at Jackson Hole.

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USD/JPY Rate Defends Defined Range Ahead of US NFP Report

USD/JPY may face range bound conditions ahead of the US Non-Farm Payrolls (NFP) report amid the lack of momentum to hold above the 50-Day SMA (110.12).

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Canadian Dollar Price Forecast: USD/CAD Sinks to Support - Loonie Levels

USD/CAD held support at a big spot last week, even as USD was pushing lower. Can USD/CAD bulls hold the line even as Oil prices threaten a breakout?

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Natural Gas Surge to Multi-Year Highs as US Production Restored after Ida

US production of natural gas shuddered ahead of Hurricane Ida is reopening and the alleviation of the temporary supply constraint has pulled futures prices back from their highest levels since Dece...

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