Gold has been boosted consistently by hopes that the rate-hike cycle could be nearing an end
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Friday, 24 March 2023
British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down
UK retail sales beat expectations data showed earlier today, helping to support the recent move higher in GBP/USD
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USD/JPY Eyeing a Break of the 130.000 Handle Following Mixed Inflation Data
USD/JPY looks to continue its downside momentum this morning. Mixed inflation data has reignited hope of further tweaks to the yield control policy.
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Thursday, 23 March 2023
Gold Gains After Fed’s Dovish Hike Reinforces Bullish Trend, Breakout in Play
Gold prices rise after the Fed signals that its hiking cycle in nearing its end considering recent banking sector turmoil, an outcome that would stand to benefit non-yielding precious metals.
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BoE Raise Rates by 25bps, Expecting Inflation to Cool, GBP Edged Higher
BoE raised rates by 25bps as expected to fresh highs last seen in 2008. The vote was split 7-2 with policymakers Tenreyro and Dhingra voting to keep rates on hold.
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USDJPY Heads Lower as Market Digests a More Dovish Fed
The US Dollar has seen broad weakness after the Federal Reserve moderated forward policy guidance.
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US Dollar (DXY) Touches a Fresh 7-Week Low Despite a 25bp Fed Rate Hike
The US dollar is seemingly disregarding another US interest rate hike and is turning lower as traders weigh up the odds for any further increases
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Wednesday, 22 March 2023
Gold Prices Turn to US Initial Jobless Claims to Gauge SVB Economic Shock
Gold prices gained as the US Dollar and Treasury yields fell after the Federal Reserve rate decision. All eyes turn to US initial jobless claims to gauge the economic impact of SVB’s collapse.
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S&P 500 Sinks After Powell Speech and Yellen Testimony, Will US Dollar Rebound?
The S&P 500 sank 1.6% in the aftermath of Jerome Powell’s press conference and testimony from Janet Yellen. Risk aversion seems in the cards, will the US Dollar pull ahead?
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Fed Hikes Rates to Zap Inflation, Embraces Less Hawkish Guidance; USD Sinks
The Federal Reserve raised interest rates by 25 bp to 4.75%-5.00% at the end of its March policy meeting, adopting a less hawkish guidance than in previous months, a sign the hiking cycle is nearing its end.
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Gold Patiently Awaits the Fed’s Next Move – How Will XAU/USD Respond?
Gold prices have turned bearish after a strong rally pushed XAU/USD above the psychological level of $2,000. Will the Fed allow gold to resume the uptrend?
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USD/JPY Price Outlook: Scenario-Based Trade Setups Ahead of FOMC
In the wake of recent panic, the Japanese yen flourished. This article takes a look at possible USD/JPY price action using a scenario-based approach
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US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms
It’s not quite all about the US central bank for the oil market Wednesday, inventory data are haunting it too
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Tuesday, 21 March 2023
US Dollar Dips as the Fed Ponders the Inflation Versus Bank Crisis Dilemma
The US Dollar is weaker today as risk assets found support from Treasury reassurances and ahead of the Federal Reserve that faces a crucial interest rate decision. Will a pause sink USD?
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Nasdaq 100 Soars Despite Rally in Yields, VIX in Freefall Ahead of Fed. Now What?
The Nasdaq 100 rallies despite rising Treasury yields amid speculation that the worst of the banking sector turmoil is over thanks to coordinated action by government authorities.
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EUR/USD Price Forecast: Is the Panic Over? Sentiment Reversal Lifts the Euro
The euro trades higher today on a much-improved outlook as banking stocks rise across the board. ECB’s Enria and ratings agency S&P echo that EU banks are resilient
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Crude Oil Forecast: Prices Extend Recovery as Banking Sector Jitters Fade
Oil prices rise and advance for the second consecutive day as market confidence improves further, but the outlook for energy commodities remains challenging.
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GBPUSD Weaker As Market Looks To Fed, Bank of England
There are monetary policy calls on both sides of the GBP/USD pair this week, with major moves unlikely until they’re out of the way
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Gold Price Slips Lower as Markets Turn Risk-on, FOMC Will Guide the Next Move
After breaking the $2k barrier for the first time in a year, gold has given back some of its recent gains ahead of Wednesday’s all-important Fed monetary policy decision.
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Monday, 20 March 2023
Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?
Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook.
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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 -...