Turkish Elections and Implications for the Lira as USD/TRY Eyes Fresh Highs

The Turkish election looks set for a runoff as Turkish Lira observers hope for a policy shift. Will a potential victory for challenger Kemal Kilicdaroglu lead to change in monetary policy?

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Euro (EUR/USD) Latest: Euro Area GDP Grows by 0.1%, German Economic Sentiment Weakens

The Euro Area economy expanded by 0.1% in Q1, in line with market forecasts, while German economic sentiment took a turn for the worse.

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Gold Price Forecast: XAU/USD Faces Busy US Focused Trading Day

Gold prices could be losing their shine as key external factors approach including the US debt ceiling negotiations and Fed speakers.

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Breaking News: UK Employment Data Mixed as Unemployment Rises, GBP/USD Slides

The UK employment data came in mixed this morning as unemployment ticked higher but average earnings remained steady. GBPUSD continued its slide with a deeper retracement starting to look more likely.

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Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?

The crude oil price maintained the gains on a sliding US Dollar overnight after several Fed speakers expressed their differing views. If China continues to struggle, will WTI hold up?

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Australian Dollar Dips on Soft China Data. Will AUD/USD Test Range Lows?

The Australian Dollar slipped after China’s industrial production and retail sales data missed estimates and has the market reassessing the state of the world’s second-largest economy.

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USD/JPY Price Outlook: Yen Eases on Improved Inflation data but Risks Accrue

The yen has surrendered gains against a rather resurgent dollar but increasing geopolitical risks brings the pair back into focus as. US debt ceiling is the main focus

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EUR/USD Price Forecast: EURUSD Grinds Higher Despite Industrial Production Slump

EURUSD holds above support at 1.0840 for now as weak data gives Euro bulls something to ponder. Where to next for EUR/USD?

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Gold Price Latest: Waiting for the Fed’s Thoughts, $2K Currently Provides Support

Gold is stuck in a small trading range so far with little in the way of high impact economic data to move the dial. A raft of Fed speakers this week may change this.

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GBP/USD Price Forecast: Pound Fixated on US Factors

GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.

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Japanese Yen Retreats as US Dollar Takes Flight Despite Debt Debacle. Higher USD/JPY?

The Japanese Yen slipped again on Monday as the US Dollar ascendency continued despite the uncertainty surrounding the US debt ceiling issue. If a solution remains elusive, will it lift USD/JPY?

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US Dollar Leaps with Treasury Yields as Debt Ceiling Takes Centre Stage. Lower EUR/USD?

The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the USD rally continue?

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Markets Week Ahead: Gold, S&P 500, US Dollar; Powell, Debt Ceiling, Australia Jobs, Germany ZEW, China Data

Markets will be looking for cues from Fed Chair Jerome Powell after hawkish remarks from Fed officials raised doubts on whether the US central bank will pause at its next meeting. With more evidence of weakness in the post-Covid recovery in China, concerns regarding the US debt ceiling and US banking sector, the positive drivers for markets are dwindling, just as the earnings season draws to a close.

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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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