Australian Dollar Drops as Currency Markets Await US NFPs, Will AUD/USD Keep Going?

The Australian Dollar fell as US jobless claims data briefly jittered markets ahead of the highly anticipated non-farm payrolls report. Will AUD/USD extend lower next?

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British Pound Latest – GBP/USD Trying to Confirm New Support, NFPs Near

GBP/USD is stuck in another tight range today with very little macro news to spark a move. That will likely change tomorrow with the highly anticipated release of the latest US Jobs Report.

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EUR/USD Eyeing Key Support Test Ahead of NFP

EUR/USD failed to reach the 1.1000 level yesterday before a resurgent dollar saw the pair retreat to daily support around the 1.0900 handle. Where to next for EURUSD?

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Gold Price Forecast: XAU/USD Echoes Uncertain Global Sentiment

Gold prices are cautious ahead of Friday’s NFP data as conflicting fundamental factors remain in play. XAU/USD holding above $2000.

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Crude Oil Slides as US Data Underwhelms Pushing Yields Down. Lower WTI?

The crude oil price slipped again today as markets digest the implications of US data missing forecasts to send the US Dollar higher and Treasury yields lower. Will WTI crumble?

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US Dollar Gains on Soft Data that May Signal a Shift in Market Perception for USD

The US Dollar is stronger today amid a break in correlations of markets with discerning data interpretation moving into focus. If the twist remains in play, will USD go higher?

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Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?

The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s session?

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Euro Latest: EUR/USD Holding Weekly Gains, Bulls Eye 1.1000+

EUR/USD is stuck in a tight trading range today as the Euro consolidates its recent strong performance against the US dollar. A fresh multi-month EUR/USD high is within touching distance.

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GBP/USD at Multi-Month Highs, Acceptance Above the 1.2500 Level Remains Key

Cable retreated from multi-month highs this morning as support at 1.2449 comes into play. Will US data later provide fresh impetus for further downside or is acceptance above 1.2500 inevitable?

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AUD/USD Price Forecast: RBA Governor Lowe Unable to Deter Falling Aussie Dollar

The Australian dollar remains on offer despite the RBA’s Governor Lowe stating that they are leaving the door open to further rate hikes. AUD/USD bears eye 0.67.

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Gold Price Glistens as the US Dollar and Treasury Yield Slide. Where to for XAU/USD?

The gold price made new highs today after the US Dollar and Treasury yields descended on soft data, while crude oil maintained the high ground. Will XAU/USD keep rallying?

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New Zealand Dollar Soars as RBNZ Surprises with a More Aggressive Hike, Where to?

The New Zealand Dollar shot higher after the Reserve Bank of New Zealand unexpectedly hiked rates to 5.25% from 4.75%, markets were looking for 5%. Where to for NZD/USD?

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S&P 500 Stalls at Trendline Resistance as Sentiment Sours. Where Next for Stocks?

S&P 500 turns lower after failing to clear trendline resistance at 4,140, a sign that bullish momentum may be vanishing just as sentiment begins to sour again.

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Euro Price Forecast: EUR/USD 1.09 Handle About to Break?

EUR/USD continues its battle with the 1.09 level which may be pierced in due course ahead of a US data filled week.

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Australian Dollar Dips After RBA Leave Rates Unchanged. Will AUD/USD Top Out?

The Australian Dollar gave up some ground with the RBA keeping the cash rate at 3.60% but not ruling out further tightening down the track. Is a pause enough to push AUD/USD lower?

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Crude Oil Price Steady After Stunning Run Higher on OPEC+ News. Where to for WTI?

Crude oil prices are enjoying the view from new heights after an astonishing leap to start the week on the back of OPEC+ cutting their production targets. Will WTI recover further?

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US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss

The US Dollar continued its slide, with disappointing ISM Manufacturing amplifying its selloff. This means the DXY Dollar Index is quickly approaching a pivotal area of support.

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Canadian Dollar Outlook: USD/CAD Breaks Down as Oil Soars, Trendline Support at Risk

USD/CAD breaks below the psychological 1.3500 level on Monday and falls towards trendline support at 1.3420, the next important technical floor to watch in the near term.

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GBP/USD Defies Confluence Resistance, EUR/USD at Brink of Major Bullish Breakout

GBP/USD and EUR/USD rally at the start of the week, supported by broad-based U.S. dollar weakness, with both pairs advancing towards key technical resistance levels at the time of writing.

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US Dollar (DXY) Pares Opening Gains After Rate Hike Expectations Move Higher

The US dollar is giving back all this morning’s opening gains after this weekend’s OPEC+ output cut gave rate hike expectations a push higher.

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