US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the calendar for tomorrow.

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Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast

The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of 75bp through November, but that was expected. The real market impact is found in what the expectations are from the Fed heading into 2023.

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EURO’s Bullish Cycle May be Coming to an End

EUR/USD has been on a fast track to fresh highs, but might it be nearing an important turning point?

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US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?

The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for the DXY (USD) index?

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Dow Jones, S&P 500, Nasdaq 100 Reverse CPI Rally as Traders Look Beyond the Fed Pivot

The Dow Jones, S&P 500 and Nasdaq 100 reversed a CPI-induced rally as traders seemingly looked beyond the Fed pivot and towards the next tightening cycle in the distant future.

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EURUSD and VIX Exude Volatility But Not Conviction Heading into Fed Hike

The release of the US CPI update this past session proved as market-moving as could have been expected, but the volatility isn’t projecting trend. From a collapse in the VIX despite a massive intraday reversal from equities and EURUSD edging up to the next level of resistance, there are many different possible outcomes.

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Crude Oil Technical Analysis: Oil Bounces from Fibonacci Support

Oil has put in two days of gains to start this week, holding support above the 70 handle. But can bulls put in a larger reversal of trend?

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Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC

Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.

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S&P 500 Technical Analysis: SPX Slammed, Breakout Snaps Back

The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC.

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S&P 500 Technical Analysis: Falling Wedge into CPI, FOMC

CPI releases over the past two months have been massive bullish drivers for the S&P 500 – will tomorrow be the same?

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Bitcoin Breakout Ahead? Crypto Traders May Want That TradFi Connection

Bitcoin – like so many other traditional assets – has worked its way into remarkably narrow trading band. If this were a market truly untethered from normal capital assets, a break may not be in the cards for a remarkable amount of time. Yet, if there is a speculative portfolio connection to the traditional space, a breach may be soon at hand.

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Silver Support Bounce into Fibonacci Resistance, Seven-Month-Highs

Silver prices just set a fresh seven month high even as Gold prices are showing tendency of a turn.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.

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S&P 500, Nasdaq, Dow Jones Outlook: Equities Cautious Ahead of US CPI

US equity futures are struggling to break their narrow range as investors await key economic data that could drive volatility throughout the week. S&P 500, Nasdaq and Dow Stall.

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USD/JPY Rangebound with US Data Likely to Provide Near-Term Direction

USD/JPY continues to struggle for any clear direction. US CPI data due tomorrow is likely to provide some guidance ahead of the FOMC on Wednesday.

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Gold Price Outlook – All Eyes on the Federal Reserve for Guidance

The precious metal, along with a host of other financial markets, is trapped in a range ahead of the eagerly awaited US Federal Reserve rate decision.

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GBP Breaking News: Pound Undeterred by UK GDP Beat Due to Strike Action

GBP/USD is on the backfoot this morning despite positive UK GDP numbers, with private and publics sector strike action hurting sentiment.

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Euro Dips as the US Dollar Firms Post PPI and Ahead of CPI. Will EUR/USD Break Higher?

The Euro backed away from recent peaks against the US Dollar in a busy week of data and central bank meetings, including the Federal Reserve. Where to for EUR/USD?

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Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, British Pound, Fed, ECB, BoE

The Dow Jones and Nasdaq 100 fell as market volatility came back. Ahead, will the Fed disappoint dovish expectations? All eyes are on the US Dollar and gold. The Euro and British Pound face the ECB and BoE, respectively.

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Gold (XAU/USD) Forecast: Recent Gains May Come Under Pressure as US Data Takes Center Stage

Gold has struggled to find acceptance above the 200-day MA and $1800 key level. Next week’s data releases are likely to define the medium-term direction for the precious metal.

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