Nasdaq 100 Pulls Off Epic Breakout, Rockets to New 2023 Highs, Defying Gravity

The Nasdaq 100 stages a bullish breakout and rises to its best levels since April 2022. While the outlook remains constructive, caution is warranted, with the market approaching overbought territory

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Crude Oil Price Forecast: Brent & WTI Caught Between Supply & US Factors

Brent and WTI crude oil prices have recovered since early May lows as markets look to Fed speak, supply disruptions and the US debt ceiling for guidance.

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Bitcoin (BTC/USD) Price Latest: Struggling to Reclaim Recent Highs Despite Debt Talk Optimism

US debt ceiling talks yesterday between President Biden and House Speaker McCarthy may have paved the way for an agreement to be reached, giving risk markets, including the cryptocurrency space, a boost.

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EUR/USD Price Forecast: EUR/USD Eyeing Bounce at Key Confluence Area

The Euro is looking to arrest its slide against the Greenback as market sentiment improves and key confluence area comes into play. A bounce in store for EURUSD from the 1.0800 handle?

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Japanese Yen Price Setups: USD/JPY, GBP/JPY, EUR/JPY

Positive news about a potential agreement to raise the US debt ceiling lightens market sentiment. Current yen setups are broadly skewed to the downside

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Silver Tech Update: Silver Sell-off Approaches Confluence Zone of Support

Silver approaches a confluence zone of support as last week’s selling continues at a slower pace. Longer-term uptrend remains intact

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British Pound (GBP/USD) Update: BoE’s Bailey, Elevated US Bond Yields

Bank of England Governor Andrew Bailey says the UK’s outlook is getting brighter but the central bank’s commitment to 2% inflation ‘is unwavering’.

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Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

Spot Golds retreat and selloff yesterday puts the precious metal at risk of further downside the longer it remains below the $2000 level. Is this the beginning of the end for Golds bullish run?

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Euro Breaking News: Mixed Inflation Data Reveals Lack of Progress

Euro area headline inflation rose while core inflation saw a modest decline. The data is likely to embolden calls for more hikes but US debt ceiling dominates the narrative

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FTSE 100, DAX 40 and S&P 500 Slip on US Debt Ceiling Woes

Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations

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USD/JPY Price Forecast: Japanese GDP Supportive of BOJ Policy Shift

The Japanese Yen remains under pressure against the USD as US debt ceiling guides market sentiment. USD/JPY now testing key resistance zone.

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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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