Friday, 11 August 2023

AUD/USD Technical Outlook: Further Pain in Store for the Aussie Dollar?

AUD/USD may experience a short-term bounce following comments by the RBA Governor. The medium-term picture leaves the Australian Dollar looking vulnerable from both a technical and macro perspective.

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Thursday, 10 August 2023

British Pound (GBP) Latest: UK GDP Data Beats Estimates, Sterling Undecided

The UK economy expanded at a robust pace in the June, beating forecasts. Manufacturing and industrial production data also exceeded estimates.

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How Much More to Go in Crude Oil? Is There More Upside in Natural Gas?

Crude oil and natural gas have rebounded meaningfully in recent weeks. Is the downtrend since 2022 in both markets reversing? What is the outlook and the key levels to watch?

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Asia Day Ahead: Subdued Start in Asia as Wall Street Rally Fizzles

An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US CPI release, prompting the US dollar to pare its earlier losses.

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Gold Price Outlook at Risk as Markets Embrace Tighter Fed for Longer After US CPI

Gold prices fell in the aftermath of US inflation data. Financial markets continue to open to a Federal Reserve that may stay tighter for longer, leaving XAU/USD at risk.

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US Dollar (DXY) Listless as the Latest US Inflation Report Nears

The US dollar is treading water ahead of the latest US inflation report pushing FX traders to the sidelines. Will the release spark a bout of much needed US dollar volatility?

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Nasdaq 100 and S&P 500 Edge Higher Ahead of US CPI, Nikkei 225 Rallies Above 32,000

After a recent run of losses, US indices are slightly higher as investors await the latest US inflation reading. Meanwhile, the Nikkei is making another attempt to resume its longer-term move higher.

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GBP/USD Hovers at Key Inflection Point Ahead of Inflation and GDP Data

Cable has arrested a two-day slide in the Asian session as US CPI looms. Will US CPI and UK GDP data inspire a bullish continuation or is a deeper retracement in store?

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Wednesday, 9 August 2023

Crude Oil Catapults to New Highs While the US Dollar Steadies Ahead of CPI. Higher WTI?

Crude oil prices broke above resistance yesterday and has held the high ground today as markets eye US CPI figures due later. If it’s an outlier, volatility could kick off.

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High Real Yields Starting to Bite Gold? XAU/USD Price Setup Ahead of US CPI

Higher real rates could be starting to finally weigh on gold prices. What is the outlook for XAU/USD and what are the key levels to watch?

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Lead-up to US CPI Release Keeps Sentiments in Check: US dollar, Hang Seng Index, Brent Crude

Wall Street continued its decline for the second straight day, as market participants de-risk in the lead-up to the upcoming US CPI release.

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Oil Testing Fresh Multi-Month Highs, EIA Crude Oil Data

The price of oil is touching fresh multi-month highs as markets continue to price in a soft landing in the US.

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Euro Outlook Improves on Bank Tax Clarity: EUR/USD, EUR/JPY, EUR/AUD

Euro assets are responding well this morning after Italian authorities clarified that yesterday’s windfall tax on banks will not amount to more than 0.1% of total bank assets

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FTSE 100, Dax and Dow Move Higher in Early Trading

Indices staged a recovery yesterday, with some cautious gains seen in indices this morning.

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British Pound (GBP) Latest: EUR/GBP and GBP/NZD Outlooks

EUR/GBP remains rangebound while GBP/NZD continues to push higher as traders wait for Friday’s UK GDP data

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Tuesday, 8 August 2023

Australian Dollar Finds Footing Despite Evolving China Concerns. Is AUD/USD Range Bound?

The Australian Dollar eked out a small gain today against a backdrop of underwhelming China data and ongoing concerns for global growth. If markets kick off again, will AUD/USD test lower?

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US Dollar Climbs as Risks Swirl and Sterling Struggles for Traction. Lower GBP/USD?

The US Dollar ascendency got back on track in the last few sessions as traders and investors sought safety in bonds with risk assets coming under pressure. Will GBP/USD break lower?

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​Nasdaq 100 and CAC40 Struggle to Move Higher, Hang Seng Falls Again After Weak China Data

Poor Chinese trade data has hit the Hang Seng hard, while in Europe and the US indices are struggling to extend Monday’s bounce into a second session.

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AUD Price Forecast: Aussie Hit by China Trade Data

AUD prices dwindle as China’s economic activity shows further signs of slowing.

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Monday, 7 August 2023

Euro Stalls with the US Dollar Gaining on Higher Treasury Yields. Lower EUR/USD?

The Euro backed away from trend line resistance with the US Dollar regaining some ascendency after Fed speakers repeated their tight policy mantra. Where to for EUR/USD?

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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...