Japanese Yen Price Action Setups: AUD/JPY, USD/JPY and EUR/JPY

The re-emergence of US banking concerns and plenty of high impact data including US GDP, Fed and ECB rates meetings, warrants a closer look at the safe-haven currency

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Euro Latest: EUR/USD Stuck in a Holding Pattern Ahead of High Impact Data Releases

EUR/USD volatility is likely to return shortly with a slew of high importance US and Euro Area data set for release over the next 36 hours.

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Crude Oil Sinks as Sentiment Waivers in the Face of Supportive Data. Lower WTI?

Crude oil prices have pulled back to levels seen prior to OPEC+ lowering its output target and underlying market structures might be less supportive going forward. Where to for WTI?

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S&P 500 Subdued Despite Microsoft’s Bullish Explosion, US First-Quarter GDP Eyed

The S&P 500 fell on Wednesday, undermined by cautious market sentiment, with most sectors ending the day in negative territory but tech commanding strength thanks to Microsoft’s solid rally.

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USD/CAD Wavers at Fibonacci Resistance as USD/JPY Makes Move on Trendline Support

USD/CAD stalls and wavers at technical resistance following its strong performance in recent days. Meanwhile, USD/JPY makes a move on trendline support, with sellers positioning for a breakdown.

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Copper Issues Worrying Signal to Markets on Softer Chinese Demand

Often viewed as a leading indicator of global economic health, copper prices remain susceptible to further downside despite bulls appearing to halt further declines

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Gold and Silver Bid Higher, Government Bond Yields Fall on Recession Fears

Gold and silver continue their recent push higher, aided by lower US Treasury bond yields and ongoing fears about the health of the US banking sector.

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GBP/USD Technical Forecast: 1.2350 Support Key for Bullish Continuation

Cable found support just below the 1.2400 handle before rallying higher this morning as overall risk sentiment improved. Fresh YTD highs still a possibility?

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Microsoft and Alphabet Deliver Strong Results, S&P 500 Futures Buoyed by Tech Earnings

Microsoft and Alphabet announced quarterly results today after the market close, with both tech companies beating EPS and revenue expectations by a decent margin.

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Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPY

Comments from BoJ Governor confirms no change to yield curve control and easy monetary policy stance. Interesting price action setups developing on Yen pairs

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Consumer Confidence Sinks as Recession Headwinds Grow, USD Gains on Risk-off Mood

U.S. Consumer confidence worsened more than expected in April, suggesting that Americans are beginning to take a more pessimistic view of the economy amid growing recession risks.

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Shift in Risk Sentiment Hits Aussie Dollar (AUD/JPY)

News of First Republic Bank’s $100 billion deposit outflows and anticipation of major US tech earnings appears to have dampened risk appetite. AUD/JPY lower

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Gold Price Forecast: Another Rejection of the $2000 Level, A Sign of Exhaustion?

Spot Gold fails at the $2000 hurdle as bulls seem exhausted. Will US earnings and PCE data drive sentiment reignite the precious metal ahead of FOMC?

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British Pound Latest – GBP/USD and EUR/GBP Price Outlooks

The British Pound is pushing higher against the US dollar but is struggling against a strengthening Euro.

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Canadian Dollar Outlook: USD/CAD Eyes Fib Resistance as Bulls Regain Upper Hand

USD/CAD’s technical signals have turned more positive after the pair recaptured its 200-day simple moving average and overtook a key rising trendline in play since June of last year.

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Gold Gains as Yields Sink, Nasdaq 100 Forges Double Top ahead of Key Tech Earnings

Gold prices rise Monday amid falling U.S. Treasury yields. Meanwhile, the Nasdaq 100 trades lower ahead of key corporate earnings, with the tech index carving out a bearish double-top pattern.

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Oil Selloff Finds Support as the Reality of a Tighter Oil Market Takes Hold

Oil’s sudden selloff appears to be finding support before bridging the gap left by OPEC after its surprise announcement of further supply cuts. WTI and Brent consolidate

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EUR/USD Price Forecast: Acceptance Above the 1.1000 Handle Remains Crucial

EURUSD continues to display indecisiveness as German Ifo data comes in mixed. As consolidation continues can US data and ECB policymakers’ rhetoric inspire a breakout?

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US Dollar (DXY) Little Changed Ahead of Weighty Economic Data

The US dollar remains stuck in a tight range, but this is expected to change during the week as heavyweight US data hits the screens.

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GBP/USD Price Forecast: Steady Pound Faces Big Data Week

GBP/USD patiently awaits upcoming US economic data this week after markets ramped up their bets on BoE rate hikes this year.

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