The Japanese yen remains an outlier within the G7 FX space as long as ultra-loose monetary policy appears to have no end in sight. Japan officials talk up ‘intervention’
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Monday, 3 July 2023
FTSE 100 DAX 40 and S&P 500 begin new quarter on positive footing
Outlook on FTSE 100, DAX 40 and S&P 500 as a new month and quarter begin.
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XAU/USD Price Forecast: Quiet Start for Gold Manufacturing PMI in Focus
Gold prices trade slightly lower this morning as markets keenly await key US economic data throughout the week.
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Sunday, 2 July 2023
Australian Dollar Buoyed by Solid Data Locally and in China. Higher AUD/USD?
The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays may see skittish trading conditions.
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S&P 500 Nasdaq Ahead of US Jobs Data: No Sign of a Reversal
The uptrend in the S&P 500 and the Nasdaq 100 index is intact. However, there are some signs of fatigue emerging, especially on the technology-heavy index. What is the outlook and what are the key levels to watch?
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Asia Day Ahead: Lighter Start to the Week but Risk-On Prevails
The second quarter has concluded with a further pull-ahead in risk sentiments last Friday, with the S&P 500 closing at its highest level in 14 months.
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Markets Q3 Outlook: Gold Oil S&P 500 US Dollar Euro Pound Yen AUD BTC
Market dynamics could change and become hostile for some assets and friendlier for others in the coming months as major central banks extend their tightening campaign. Check out DailyFX team's trading forecasts for the third quarter.
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Friday, 30 June 2023
US Dollar Slides as Feds Favorite Inflation Gauge Comes Below Expectations
The U.S. dollar, as measured by the DXY index, fell on Friday after U.S. PCE data showed that consumer spending and core inflation rose less than expected in May, giving the Fed cover to be less hawkish.
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Gold Price Latest: Testing Support as US Inflation Data Nears
Markets are in wait-and-see mode ahead of the latest US inflation print out later today.
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Euro Breaking News: Core Inflation Rises in Europe Headline Declines
The stickier, core measure of inflation in the Euro Area rose during the month of June but less than expected. Headline inflation continues to make progress
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FTSE 100 DAX 40 and S&P 500 try to end month and quarter on a high
Outlook on FTSE 100, DAX 40, and S&P 500 as month and quarter end may generate volatility.
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Thursday, 29 June 2023
Japanese Yen Setups: USD/JPY Buoyed by US Data GBP/JPY Wavers at Resistance
This article examines USD/JPY and GBP/JPY from a technical analysis perspective, analyzing possible scenarios in the event that key price levels are invalidated or maintained.
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Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US Data
Gold prices could head lower in the near term if strong U.S. economic data lead the Fed to deliver additional monetary tightening in the coming months.
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Euro Breaking News: German CPI Breaks Disinflationary Trend Euro Dips
Inflation during the month of June proved too hot, halting progress to the developing disinflationary trend. Euro eases
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Bitcoin (BTC/USD) Needs a Confirmed Break of $31k to Regain Bullish Momentum
Bitcoin is consolidating its recent sharp gains and may push further ahead if near-term resistance can be taken out.
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Dow Nasdaq 100 and CAC40 make headway
Indices have continued to recover from the lows of the week, and look set for more gains.
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Silver (XAG/USD) Price Forecast: Silver Selling Meets Support
Silver selling abates as prices consolidate into a pennant formation. Levels for bearish continuation identified
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Wednesday, 28 June 2023
Australian Dollar Fails to Firm on Strong Data as US Dollar Gains. Lower AUD/USD?
The Australian Dollar backed away from higher ground after the US Dollar ascendency got back on track as markets digest the Federal Reserve’s prospective rate path. Where to for AUD/USD?
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Crude Oil Conflicted by Tightening Rates and Dwindling Inventory. Where to for WTI?
Crude oil prices consolidated going into Thursday after testing the low side of the range as markets reassess the monetary policy outlook. Will the range break for WTI?
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Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in Play
Gold prices retreat as Fed chair Powell retains hawkish stance, signaling that the central bank will resume hiking rates at upcoming meetings, an event that could push real and nominal yields higher.
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