Gold prices remain stuck with the prospect that global interest rates have further to rise. Against that backdrop, non-yielding assets will struggle
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Thursday, 6 July 2023
Euro Price Forecast: EUR/GBP EUR/USD EUR/JPY Price Setups
The euro is expected to come under pressure as worsening fundamental data weighs on the continent. At the same time, other central banks ramp up rate hike talk
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Hawkish Fed Minutes put Pressure on Dow Nasdaq 100 and CAC40
Indices have come under fresh pressure this morning, after Fed minutes showed a more hawkish outlook for monetary policy in the US.
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USD/CAD Price Forecast: Loonie Strength to Come?
USD/CAD bears could be in for a resumption of the longer-term downtrend ahead of key US and Canadian economic data.
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Wednesday, 5 July 2023
Gold Slips After FOMC Minutes; XAU/USD Scenario Ahead of US Jobs Data
Gold slipped after minutes of the US Federal Reserve’s June meeting kept alive hopes of another rate hike at the end of July. How does XAU/USD look ahead of the key US jobs data on Friday?
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Crude Oil Firms on OPEC Intentions and API Data. Will WTI Break the Range?
Crude oil prices have held the high ground going into Thursday after a solid rally in the aftermath of OPEC+ announcements and API stockpiles slipping again. Higher WTI?
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Asia Day Ahead: Little Surprise in Fed Minutes; Focus Now on US Jobs Data
Wall Street posted modest declines overnight, following its return from the holiday break.
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US Dollar Extends Gains as Fed Minutes Reinforce Hawkish Monetary Policy Outlook
The minutes of the Federal Reserve's June meeting showed that the central bank believes additional monetary policy tightening may be warranted to bring inflation back to the 2.0% target.
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Gold Price Outlook: Technical Levels for Gold and Silver Analysed
Gold and silver prices appear to be making a recovery but, in an environment, where US interest rates are expected to rise further, how much room to the upside is left?
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FTSE 100 DAX 40 and S&P 500 on a Negative Footing
Outlook on FTSE 100, DAX 40 and S&P 500 as the US re-opens after its Independence Day holiday
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AUD/USD Price Forecast: PMIs Hurt Aussie Dollar Ahead of FOMC Minutes
AUD/USD bears begin the day in charge but with FOMC minutes to come, will we see a breakout from the developing ascending triangle pattern?
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Tuesday, 4 July 2023
Crude Oil Range Bound Ahead of OPEC Gathering and FOMC Minutes
Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes may also provide some volatility.
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Asia Day Ahead: Focus on FOMC Minutes as US Markets Reopen After Holiday
With the US markets back online from the Independence Day holiday, market focus will be on the FOMC minutes ahead.
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Q3 Top Trade: Short EUR/GBP as A Hawkish BoE and Price Action Support Further Downside
EURGBP looks well on its way to print fresh lows in Q3 as the Bank of England faces the toughest challenge out of all the major Central Banks. 0.8200 incoming?
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Gold Price Steadies with US Dollar Sidelined but an RBA Pause Sinks AUD/USD
The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not to hike rates.
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Monday, 3 July 2023
Australian Dollar Dips After RBA Pause on Hike Cycle. Will AUD/USD Go Lower?
The Australian Dollar collapsed after the RBA decided to keep the cash rate unchanged at 4.10%. The inflation gauges are now on centre stage for future rate moves. Where to for AUD/USD?
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Euro Ahead of US Jobs Data: EUR/USD EUR/AUD EUR/GBP Price Setups
The euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?
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Asia Day Ahead: Soft Start to the New Quarter; Key Focus on RBA Rate Decision
Major US indices drifted higher on lighter volume to deliver a positive start to the new quarter, as we head into the Independence Day holiday.
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Q3 Top Trade Opportunity: US Dollar May Extend its Rally Against the Chinese Yuan in the Third Quarter
The US Dollar may continue pressuring the Chinese Yuan in the third quarter with global growth still vulnerable to central banks that are keeping monetary policy tight
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Q3 Top Trade: S&P 500 Vulnerable to Pullback on Weak Fundamentals and Frothy Markets
The S&P 500 has rallied significantly in recent months, but could face serious challenges in the third quarter, especially if fundamentals worsen on hawkish monetary policy.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...