The Australian Dollar was little moved immediately after China’s GDP wasn’t as bad as forecast. Will AUD/USD be impacted?
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Sunday, 16 January 2022
S&P 500 Wobbles as Bank Earnings Due, China GDP in Focus
Wall Street stocks were mixed on Friday as JPMorgan and Citigroup earnings disappointed. Asia-Pacific investors eye China’s GDP, industrial production and retail sales figures on Monday. US markets...
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Australian Dollar Eyes China Q4 GDP Data as APAC Trading Kicks Off
The risk-sensitive Australian Dollar is eyeing China's fourth-quarter GDP growth rate set to cross the wires this morning. AUD/USD faces major resistance If bulls push prices higher.
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US Dollar Drops Before China GDP, Singapore Dollar Up. Rupiah Eyes Bank of Indonesia
The US Dollar weakened against ASEAN currencies such as the Singapore Dollar and Thai Baht as Emerging Market sentiment improved. Ahead, China GDP and the Bank of Indonesia are in focus.
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Markets Week Ahead: Nasdaq 100, US Dollar, Australian Dollar, China GDP, Yen, BoJ
The Nasdaq 100 slowed its descent despite 40-year high inflation, with the US Dollar pulling back as the Japanese Yen outperformed. The Australian Dollar is eyeing jobs and Chinese GDP data. Will g...
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Goldman Sachs and Netflix Earnings Eyed as S&P 500 Faces "Reality Check"
The US stock market is facing sectoral rotation from growth into value stocks, with banks earnings in focus next week. Rising yields and interest rates may undermine tech stocks and support financi...
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Saturday, 15 January 2022
Japanese Yen Fundamental Forecast: USD/JPY Eyes Bank of Japan
The Japanese Yen managed to gain against its G10 peers last week, a rare occurrence as of late. A potential shift in the Bank of Japan's inflation outlook is on the table. Will USD/JPY react?
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Australian Dollar Technical Forecast: AUD/USD Tests Big Levels
AUD/USD has recovered a portion of its recent losses but bulls have some difficult hurdles to conquer before the trend reverses.
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Euro Forecast: EUR/USD on the Offensive, but Road Ahead Remains Tough
The Euro took the offensive against the US Dollar last week, but the road ahead for EUR/USD remains tough due to ECB and Fed monetary policy divergences.
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Gold Price Tracks January Opening Range Going Into Fed Blackout Period
The price of gold may consolidate during the Federal Reserve’s blackout period as it trades within the opening range for January.
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USD Outlook: Economic Impact from Fed Tightening Shackles Dollar
The tug of war between market expectations and U.S. economic data continues and with Fed tightening on the horizon, will the dollar make the much anticipated push higher?
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Friday, 14 January 2022
Bitcoin (BTC), Ethereum (ETH) – Trying to Build a Base Off Multi-Month Lows
After testing support at the start of the week, Bitcoin has picked up a touch, leaving BTC/USD pretty much unchanged on the week.
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UK Economy Surpasses Pre-Pandemic Levels: Nov GDP + 0.9%
The UK economy expanded more than expected in November leaving the door open for another rate hike in early February – Sterling lifts higher
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Gold Prices Struggle as US Retail Sales, Consumer Confidence Data Approach
Gold prices struggled to capitalize as the US CPI report knocked back the Dollar. The spotlight now turns to retail sales and consumer confidence data, with the Fed outlook in view.
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Thursday, 13 January 2022
Euro Boosted by US Dollar Decline as Markets Price In Fed Rate Hikes. Where to for EUR/USD?
The Euro continues to move higher as the markets now seem comfortable with their pricing of the Fed's hawkishness. Has EUR/USD put in a low for the year?
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Australian Dollar Shrugs off China Trade Surplus Surge, Where to for AUD/USD?
The Australian Dollar brushed aside China’s trade surplus surging as imports materially slowed. If this trend continues, will the AUD/USD be left vulnerable?
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S&P 500 Index Pulls Back on Hawkish Fed Comments, APAC to Open Lower
The S&P 500 index plummeted 1.42% following a slew of hawkish-biased Fed speeches. Technology stocks underperformed, weighing on sentiment across Asia Pacific markets. US bank earnings are in focus...
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Chinese Yuan Forecast: USD/CNH Targets Key Resistance Ahead of China’s Trade Data
The Chinese Yuan is on track to hold onto its gains versus the US Dollar as the APAC trading week wraps up. APAC traders have China's December trade data and the Bank of Korea rate decision in focus.
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GBP Q1 2022 Fundamental Forecast: Additional Bank of England Rate Hikes are on The Way
The Bank of England (BoE) started the cycle of tightening monetary policy by hiking the UK Base Rate by 15 basis points to 0.25%, the first-rate hike in over three years, at the last Monetary Polic...
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Wednesday, 12 January 2022
Crude Oil Surges as US Dollar Wilts Under CPI Burden. Where to Next for WTI?
WTI crude oil made a 2-month high on the back of a soft US Dollar post CPI, and favourable inventory data. Will WTI crack through waiting resistance levels?
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...