Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts Yields

Gold prices fell on Friday, weighed by rising U.S. Treasury yields as strong U.S. labor market data bolstered the case for higher-for-longer interest rates.

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May Jobs Report: NFP Smashes Estimates as US Unemployment Rises to 7-Month High

NFP rises once more with April's number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting.

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US Dollar (DXY) on the Backfoot Ahead of the US Jobs Report (NFP)

The greenback is at a one-week low after a positive outcome to the US debt ceiling debate. Recent data shows that the US jobs market remains strong, what will today’s NFPs tell us?

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USD/JPY Price Forecast: Dollar Decline Provides Respite for the Yen

The yen appears to be benefitting from the Fed’s recent comments favouring a “skip” at this month’s FOMC meeting. Levels for a bearish continuation analysed

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​​Outlook on FTSE 100, DAX 40 and S&P 500 as US government agrees to raise the country’s debt ceiling.

​​Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.

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GBP/USD Price Forecast: Pound Rally Awaits NFP Confirmation

GBP/USD has scope for further upside with bullish technical patterns in focus ahead of the NFP report.

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EUR/USD Turns the Tide as USD/JPY Fumbles, USD/CAD Carves Out Double-Top Pattern

EUR/USD regains poise after bouncing off technical support near the 1.0640/1.0600 area. Meanwhile, USD/JPY extends its correction as USD/CAD carves out a bearish double-top formation.

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Euro Area Inflation Slows Hitting February 2022 Lows, EUR/USD Bid

Euro Area inflation fell across the board in May with both the core and YoY print beating forecasts. Despite the positive data, it is unlikely to deter the ECB from hiking rates at its upcoming meeting.

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AUD/USD Price Forecast: Critical Juncture for Aussie Dollar

AUD/USD remains hesitant as US factors and local Australian influences battle for supremacy.

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New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ currency is running into some pretty tough support that warrants caution in turning excessively bearish.

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US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdle. The market is now eyeing the Fed for clues.

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Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury yields recently. Importantly, what does it tell us about the future trend?

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EUR/USD in Downward Spiral after Support Break. What Do Technicals Say?

EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.

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GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP

GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?

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​​ FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data

​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.

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USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles

CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance.

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Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook on the Hang Seng, ASX 200, and the FTSE Straits Times Index?

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Japanese Yen Slides Despite Intervention Warning as US Dollar Steadies

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?

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Gold Price Forecast: 100-Day MA Provides Support as Gold Eyes Recovery

Spot Gold continues to struggle for a meaningful recovery as the Dollar Index (DXY) began the day on the front foot. Will the DXY continue to hamper golds recovery?

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FTSE 100 Lower, Dax Moves Higher While Dow Looks to Edge Up Following Reports of Debt Ceiling Deal​​​​

​Indices were given a boost on Friday by news of a debt ceiling deal in principle, though some of that optimism has ebbed away over the long weekend.

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