Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impasse weighing on market sentiment and risk appetite.

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BRITISH POUND (GBP) WEEKLY FORECAST: GBP Bulls Eye Fresh Catalyst with UK Employment Data

The British Pound has seen a positive week on the data front but losses against the greenback to end the week has added a bitter taste. 1.2460 holds the key for bullish continuation with UK Employment data in the week ahead.

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Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still Upbeat

Gold prices fell on Friday, retreating for the third consecutive session, but the pullback was modest, a sign that bulls are not yet bailing out despite the metal’s subdued performance for most of the week.

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Copper Prices Drop on Weaker Chinese Data, Demand Concerns

Copper, often a leading economic indicator, turns lower after disappointing Chinese data and weaker metal demand sends a warning signal to the global economy

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US Dollar Latest: Bullish Move Stalls at Channel Resistance

The US dollar is little changed in early trade after yesterday’s sizeable move higher, bouncing off a long-term zone of support. Levels to watch for DXY

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AUD/USD in Tatters after Fake Breakout, NZD/USD Fails to Confirm Double Bottom

AUD/USD and NZD/USD fall sharply on Thursday amid negative market sentiment, with both pairs taking a sharp turn to the downside after failing to clear key technical resistance levels.

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What’s Going on With the South African Rand & Will We See a New ATH?

USD/ZAR is nearing a fresh all-time-high after being hit by several drawbacks from multiple fronts. Is the rand the next to fall after the Turkish lira?

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USD Breaking News: Favourable PPI Print Accompanied by Softening Jobs Data

PPI revealed a welcome print below expectations at the same time a key jobs indicator, initial jobless claims, turned higher. USD continues move lower

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Bank of England Hikes Rates by 25 Basis Points to 4.5%, Sterling Nudges Higher

The Bank of England (BoE) hiked interest rates by 25bps, the 12th consecutive time that the central bank has increased the UK Bank Rate. Sterling tests 1.2600 against the US dollar.

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Gold Price Forecast: Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported

Spot Gold bears make a fresh push lower helped by some dollar strength. Acceptance below $2000/oz seems an impossible task as recessionary fears remain in play.

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ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance.

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Oil Technical Update: WTI and Brent Crude Recovery on Hold after US CPI

The recovery in the oil market appears to have found a pocket of resistance, potentially stifling an impressive 4-day recovery. Technical levels to watch

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USD Breaking News: Humdrum US CPI Leaves DXY on Offer

The US dollar weakened after US CPI showed yet another gradual decline in inflationary pressures.

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EUR/GBP Latest: Support Breaks Ahead of BoE Rate Decision

A break of multi-month support has seen EUR/GBP hit levels last seen in mid-December as the British Pound continues to nudge higher. Next up, the latest BoE monetary policy decision.

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USD/JPY Price Forecast: Japanese Yen Watchful After Ueda Address, US CPI to Come

USD/JPY is approaching the apex of the developing ascending triangle pattern. Could upcoming US CPI provide a breakout for the weakening Japanese yen?

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EUR/USD Latest: CoT Report Confirms Overcrowded EUR/USD Positioning

The data from the latest CoT report highlights the dominance of the bullish euro stance, however, recent resistance has proven tough to crack as a pullback sets in

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GBP/USD Price Forecast: 1.2600 Holding Firm as Bulls Eye a Fresh Catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought territory. Deeper retracement incoming?

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DAX Price Outlook: Reduced Volatility and Momentum Highlight Range Potential

The DAX has attempted a retest of the yearly high but fading momentum suggests an external catalyst will be needed to propel the index higher

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EUR/USD Crumples as Bears Reload, USD/JPY Still Licking its Wounds

EUR/USD fell sharply on Tuesday, extending losses for the second day in a row amid cautious sentiment. Meanwhile, USD/JPY eked out a small gain, but lacked strong directional conviction.

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S&P 500 Remains Vulnerable as Nasdaq 100 Hits New YTD High

The Nasdaq 100 Index enters bull market territory, up over 20% since the lows while the SPX remains under pressure below the 4200 level. SPX eyeing a return to the 4000 handle?

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