US Dollar Price Forecast: Investors Retreat to USD Sanctuary

The U.S. dollar is capitalizing on the risk aversion in global markets as investors seek out safe haven assets. DXY approaching key resistance levels.

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Japanese Yen and Nikkei 225 Tank as US Dollar Re-Asserts Itself. New USD/JPY Highs?

The Japanese Yen melted again today as the US Dollar ascendency got back on track after investors and traders reassessed their exposure to risk assets. Will USD/JPY test prior peaks?

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US Indices Rally Beginning to Crack? S&P 500, Nasdaq Price Setups

Relatively bigger down days than up days since late July on the daily charts of the Nasdaq 100 index and the S&P 500 index’s fall below support for the first time since April suggests the rally in US indices could finally be due for a breather.

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Asia Day Ahead: Downbeat Handover from Wall Street: Nikkei 225, GBP/USD, Nasdaq 100

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight, with overbought technical conditions potentially exacerbating some profit-taking.

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Crude Oil Crunched as Markets Recoil from Fitch Downgrade. Lower WTI?

Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, WTI vulnerability has been exposed.

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AUD Price Forecast: US Ratings Downgrade Burns Pro-Growth Aussie

AUD prices have been rocked by the US ratings downgrade but has managed to find support against the NZD as market keenly await ADP data later today.

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Crude Oil Eyes New Highs Despite Risk Aversion Elsewhere on Fitch Decision

The crude oil price has maintained overnight gains despite a tough day for risk assets after Fitch downgraded US sovereign debt saw equity markets retreat lower. Higher WTI?

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Euro Lifted Slightly by US Downgrade, but Will it Last? EUR/USD, EUR/AUD, EUR/NZD Price Action

EUR appears to be slightly supported after Fitch downgraded US ratings. Still, monetary policy and growth differentials suggest the single currency is unlikely to benefit much. What is the outlook for EUR/USD, EUR/NZD, and EUR/AUD?

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Gold Price Takes a Tumble as US Dollar Gains Post Fitch Downgrade. Lower XAU/USD?

The gold price is in the middle of its recent range near US$ 1,950 going Wednesday after a US Dollar rally before Fitch downgraded US sovereign debt. It may trigger some volatility. Where to for XAU/USD?

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US Dollar, Dow Jones Sink as Fitch Downgrades US Credit Rating. Now What?

The US Dollar and Dow Jones took a plunge after Fitch downgraded the US credit rating amid fiscal deficits and an aging population. Will these moves be sustained?

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S&P 500 on Edge Before Apple & Amazon, Gold Tanks as Yields Soar ahead of NFP

Earnings from tech mega-caps Apple and Amazon, as well as the U.S. jobs report for July, could grab the spotlight and determine the trading bias of the S&P 500 in the coming days.

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HK/China Equities Attempt to Build Base on Stimulus Hopes; Hang Seng, CSI 300 Price Setups

China/Hong Kong equities appear to be in the early stages of base building amid hopes of further stimulus. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?

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Australian Dollar Whipsaws After RBA Pause Again on Hiking Cycle. Lower AUD/USD?

The Australian Dollar eventually ran lower after the RBA decided to keep the cash rate unchanged at 4.10%. The softer than forecast quarterly CPI appears to have been the catalyst. Where to for AUD/USD?

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British Pound Toppish Ahead of BOE: GBP/USD, GBP/AUD, GBP/NZD Price Setups

The chances of a smaller interest rate hike at the Bank of England’s (BOE) meeting on Thursday are growing as UK price pressures appear to be finally moderating from elevated levels. What is the outlook for GBP/USD, GBP/AUD, and GBP/NZD?

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Wall Street Drifts Higher Overnight, RBA Meeting in Focus: Russell 2000, Hang Seng Index, Brent Crude

Wall Street drifts higher overnight, as sentiments remain largely on its cautiously optimistic state ahead of more big tech earnings releases and the US job report this week.

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Crude Oil Punches Higher as OPEC+ Cuts Bite and Economic Outlook Brightens

Crude oil prices had a stellar month in July as underlying the dynamics of potentially less supply and more demand come to fruition. The structure of the WTI might also be supportive.

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S&P 500, Nasdaq Outlook: US Stocks Embrace Potential ‘Soft Landing’

US equities are set to rise in July as the Fed nears peak rates. Better-than-expected US data reignites hopes of a soft landing ahead of Apple and Amazon Q2 earnings

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FTSE 100, Dax and Dow Look for Further Gains

Indices enjoyed a strong few days last week, with both the Dax and Dow reaching new highs for the year, while the FTSE 100 closed in on 7700 once more.

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USD/ZAR Price Forecast: Rand Softer on Chinese PMI & SA Balance of Trade

The ZAR has given up some of Friday’s gains as concerns around the Chinese economy gained traction while South Africa’s balance of trade data disappointed.

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Euro Area Growth Ticks Higher; EUR/USD Holds Above 1.1000

In the second quarter of 2023, seasonally adjusted GDP increased by 0.3%, according to a preliminary flash estimate published by Eurostat.

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