US Dollar demand may surge following the Fed rate decision and policy outlook. Volatility may then be amplified by another week of earnings calls and the release of US economic data.
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Tuesday, 3 May 2022
British Pound Bumps Lows as US Dollar Poised Ahead of the Fed and BoE
The British Pound is trading just above 2-year lows as the US Dollar holds ground ahead of the Fed meeting today. Will GBP/USD rally from here?
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Crude Oil Price Outlook Hinges on OPEC Ministerial Meeting
The OPEC Ministerial Meeting on May 5 may keep the price of crude oil afloat if the group retains a gradual approach in boosting supply.
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New Zealand Dollar Awaits Fed Balance Sheet Plan as NZD/USD Disregards Jobs Report
The NZD/USD hardly took notice of New Zealand’s first-quarter jobs report. A more immediate issue for the New Zealand Dollar is how the Federal Reserve will approach unwinding its balance sheet.
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Three Trading Types and How They Influence the Market
We look at the three trading types and how they influence the market.
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AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Fed Rate Decision
The Relative Strength Index (RSI) point to a larger rebound in AUD/USD as the oscillator climbs above 30 to offer a textbook buy signal.
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; May Fed Meeting Preview
Rates markets are fully pricing in a 50-bps rate hike by the Federal Reserve on Wednesday.
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British Pound Forecast: Cable Near-Term Trading Bias Hinges on FOMC, BoE Guidance
The FOMC and the BoE will announce their May monetary policy decisions this week. Both banks are seen raising rates, but guidance regarding future moves will be more important for GBP/USD.
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Monday, 2 May 2022
EUR Forecast Q2 2022: A Badly Battered Euro May Find a Lifeline in Ukraine, But Can an Upswing Last?
The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month perform...
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Australian Dollar Boosted by Surprise RBA Hike to 0.35%. Where to for AUD/USD?
The Australian Dollar spiked after the RBA surprisingly moved the cash rate target to 0.35%, an increase of 0.20%. Will AUD/USD rally from here?
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Crude Oil Price Forecast: EU Sanctions Package Eyed as Demand Woes Linger
Crude oil prices are modestly higher as traders await potential details on a Russian oil embargo in the next round of EU sanctions. Meanwhile, China’s lockdown woes continue to weigh on the demand ...
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US Dollar Points Higher Despite Cooler than Expected ISM Data
April's ISM Manufacturing PMI came in slightly lower than expected, indicating manufacturing activity in the US is slowing slightly.
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GBP Forecast Q2 2022: The Bank of England's Inflation and Growth Puzzle
The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already lifted the ...
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US Dollar Forecast Q2 2022: Dollar Rate Hikes, Conversion and Safety Appeal
It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a ...
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Sunday, 1 May 2022
Euro Under Pressure as US Dollar Soars Ahead of Fed Hikes. New Lows For EUR/USD?
The Euro has been caught in the crossfire of a roaring US Dollar on the back of climbing rate hike expectations from the Fed this week.
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Oil Rally May Stall on China Covid Woes, Fed Rate Hikes: Top Trade Opportunities
Oil prices surged in the first quarter on Russian sanctions and a rebound in global demand. China’s largest Covid outbreak since the pandemic started and a more aggressive Fed may halt the rally.
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Australian Dollar Languishes Ahead of RBA and Fed This Week. Where to for AUD/USD?
The Australian Dollar is under the pump as the US Dollar runs riot through markets with the Fed bracing for higher rates. Will RBA action be enough to lift AUD/USD?
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Nasdaq 100 Worst Month Since 2008 Saw Japanese Yen Find Love Friday, Where to?
The Nasdaq 100 tumbled in the worst month since 2008, finally giving the anti-risk Japanese Yen some breathing space. Will this trend continue to start off the trading week in Asia?
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Markets Week Ahead: Dow Jones, USD, GBP/USD, AUD/USD, Gold, FOMC, NFP, China, RBA, BoE
Traders face an event-heavy week with all eyes on the Federal Reserve's interest rate decision. The implications for the US Dollar and gold could be huge. The US NFP report, RBA, BoE and China are ...
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S&P 500 and FTSE 100 Forecasts for the Week Ahead
S&P 500 posts worst month since 2020 Covid crash. All eyes on Powell for direction.
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...