Nasdaq100 plunges in freefall as mounting price pressures in the U.S. economy fuel bets that the Fed will be aggressive in withdrawing pandemic-era stimulus to quell inflation.
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Thursday, 10 February 2022
Gold Price Stages Five-Day Rally for First Time Since November
The price of gold may continue to retrace the decline from the November high ($1877) if it manages to clear the opening range for 2022.
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USD/MXN Points Lower As Bank of Mexico Raises Overnight Rate by 0.50%
USD/MXN was unchanged as the Bank of Mexico elected to raise the country's benchmark interest rate by 0.50%.
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Wednesday, 9 February 2022
EUR/USD Forecast: Euro Up Amid EU Bond Rout But US CPI Threatens Rally
EUR/USD is up over 1.5% this month, supported by a sovereign debt rout that may push yields across Europe further above the zero mark. The US CPI report may charge the US Dollar and drag the Euro.
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Dow Jones Rises Before US Inflation Data, Will Straits Times Index Reach 2018 Peak Next?
The Dow Jones rallied on Wall Street ahead of the US CPI report. Will a rising interest rate environment offer the Straits Times Index the momentum to reach 2018 highs?
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AUD/USD Gains Alongside Dow Jones as APAC Traders Eye China Yuan Loans, US CPI
AUD/USD rose overnight, putting in a third daily gain, as Wall Street stocks surged amid improving sentiment. China's new Yuan loans for January may cross the wires today as investors await US CPI.
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Crude Oil Price Pulls Back to Generate RSI Sell Signal
The price of crude oil may face a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.
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Nasdaq 100 Rallies as FOMO prevails Over Fed Anxiety ahead of Key US Inflation Report
Nasdaq 100 surges amid improved risk appetite, but falls short of reclaiming its 200-day SMA decisively, a sign that the underlying bias remains slightly bearish ahead of U.S. CPI data.
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Stock Market Earnings – Disney and Uber Rise on Upbeat Corporate Results
Disney and Uber reported quarterly corporate earnings results after the closing bell on Wednesday, impressing investors enough to push prices higher in after-hours trading.
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EUR/USD Rate Susceptible to Larger Pullback on Another Rise in US CPI
Fresh developments coming out of the US may influence EUR/USD as inflation is expected to increase for the fifth consecutive month.
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USD/JPY Loses Steam Ahead of US CPI, Key Levels to Watch
The Japanese Yen remains under pressure against the US Dollar as investors await the US CPI print. Rising yields and a more aggressive Fed support the greenback.
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Tuesday, 8 February 2022
Dow Jones Advance Sets a Positive Tone for APAC Stocks Amid Recovery Hopes
Wall Street stocks rebounded on Tuesday amid hopes that a strong economic recovery is underway. Crude oil prices fell on Iran nuclear talks. Asia-Pacific markets look set to open higher following a...
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Lyft Stock Sinks as Chipotle Gains in Post-Market Trade on Fourth-Quarter Earnings
Lyft shares sank after the closing bell on a mixed earnings report from the rideshare company. Chipotle saw upside movement after the company reported success in raising the price for menu items.
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Australian Dollar Forecast: AUD/USD on Cusp of Opening Range Breakout
AUD/USD may stage a larger recovery over the coming days if the exchange rate manages to clear the opening range for February.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Rate hikes are coming – a matter of when, not if.
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BTC/USD Price Setup – Bitcoin Bulls Run into Resistance at $44,000
Bitcoin prices benefited from a shift in risk appetite but geopolitical tensions and US CPI data may provide an additional catalyst for price action.
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USD/CAD Rate Defends February Opening Range Ahead of US CPI Report
The update to the US Consumer Price Index (CPI) may influence the near-term outlook for USD/CAD as inflation is expected to increase for the fifth consecutive month.
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Top 8 Forex Trading Strategies and their Pros and Cons
Compare the pros and cons of different forex strategies, from day trading to position trading.
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Monday, 7 February 2022
Gold Price Forecast: XAU Shines Amid Volatility Despite Surging Yields – CPI in Focus
Gold prices are on the move higher, adding to last week's strength, amid volatility in the US equity market. That volatility may increase if this week's CPI print firms up already lofty Fed rate hi...
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S&P 500 Retreats as Bullish Sentiment Fades Ahead of Key US Inflation Data
The S&P 500 bounced between gains and losses for most of the day, but selling pressure accelerated in late trading, pushing the index below the 4,500 level amid fading buying interest.
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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 -...