Rand Dollar Outlook: USD/ZAR Pauses Ahead of National Shutdown & FOMC

The South African Rand has surrendered weekly gains after fears over the US banking system ease, supporting a resilient Dollar. USD/ZAR remains uncertain ahead of FOMC.

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US Stocks Rebound after Wall Street Puts its Money Where its Mouth is

US stocks responded favorably after assurances in the banking sector were put forward by the Federal Reserve, along with a show of confidence by large US banks

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Euro Latest: EUR/USD Pushes Higher on ECB Rate Hike Commentary

The Euro is pushing higher against a range of currencies as a group of ECB policy makers observe that inflation remains too high and that the central bank will have to hike interest rates further.

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GBP/USD Price Forecast: Cable Consolidates Above the 1.21 Handle

Cable enjoyed a strong bounce yesterday helped by improving sentiment and a weaker US Dollar. Weekly high around 1.2200 may cap gains ahead of a next week's key data releases.

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Gold Price Holds the High Ground Amid Banking Turmoil. Where to for XAU/USD?

The gold price remains elevated today as the markets assess the implications of the latest rescue package for another bank in crisis mode. If the US Dollar recovers, will XAU/USD go lower?

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Gold Price Forecast: XAU/USD Slips but Retains Bullish Bias on Bank Sector Mayhem

Gold prices are trading lower on Thursday, but the precious metal maintains a bullish profile as financial market risks linked to banking sector problems have not entirely disappeared.

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ECB Delivers 50bps Hike Despite Banking Sector Woes, EURUSD Indecisive

ECB hikes rates by 50bps in a sign that price stability trumps financial stability concerns. Borrowing costs are now at the highest level since late 2008.

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USD/JPY Price Forecast: Dollar/Yen Dips as Rate Expectations Fall

USD/JPY is currently testing a key level of technical support, formed by the 50-day MA. As the safe-haven Yen rises, falling US yields have weighed on the Dollar.

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Crude Oil Update: WTI Sell-off Pauses as the SNB Calms Banking Concerns

Oil markets appear eerily calm in the early London session as the Swiss National Bank eases some banking concerns. US crude stocks rise, adding to the selling pressure

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British Pound Latest: GBP/USD Following the US Dollar as Risk Looks to Ease

Sterling is nudging higher against the US dollar, testing the 1.2100 level, after Wednesday’s flight-to-quality saw the greenback surge across the board.

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Swiss Franc Frazzled as Banking Woes Takes Hold. Is the Fed Pivot Here?

The Swiss Franc has been caught up in the evolving banking crisis with the Swiss National Bank intervening today. With ongoing emerging risks, will the ECB change tack today?

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EUR/USD Craters on Banking Sector Woes ahead of ECB. Will the Doves Prevail?

EUR/USD plunged on Wednesday on risk-off sentiment as the U.S. banking sector turmoil spread to Europe, calling into question the ECB’s ability to hike rates aggressively tomorrow.

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European Bank Stocks Renew Their Heavy Sell-Off as Contagion Fears Return

The European banking sector is reeling again with all constituents of the Euro Stoxx index heavily in the red as risk sentiment turns sour.

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Gold Price Forecast: Gold Struggles to Maintain Momentum Below the $1900 Handle

Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle.

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EUR/USD Supported by Hawkish ECB Rate Hike Chatter

The ECB is set to hike rates by 50 basis points on Thursday despite the ongoing banking sector turmoil, according to one ‘source report’.

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AUD/USD Price Forecast: Aussie Dollar Being Carried by Chinese Data

The Australian dollar is trading in the green for what could be its 3rd consecutive positive close ahead of some key US economic data. AUD/USD testing 0.67 once more.

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Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the ECB looks to crimp CPI. Where to for EUR/USD?

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Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied.

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USD/CAD Price Forecast: Loonie Gains Continue Post US CPI

The loonie has enjoyed back-to-back days of gains against the greenback for the first time in a month, however USDCAD remains bullish above the 1.3580 handle.

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Gold Price – XAU/USD Eyes Support as CPI Nears and US Bond Yields Rebound

The latest US inflation release may not have the same market effect as in the past as the global interest rate backdrop has changed post-SVB failure.

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