USD Price Forecast: DXY Trades at Key Inflection Point, Retails Sales to Come

US retail sales could supplement the dollar’s recent rally as the Dollar Index (DXY) eyes the 200-day moving average.

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BoE Faces Pressure Following Average Earnings Spike as Unemployment Rises, GBP/USD Bid

UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.

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Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan

The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy needing stimulus. Higher AUD/USD?

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Gold Price Loses its Lustre as the US Dollar and Treasury Yields Climb. Lower XAU/USD?

The gold price slide continues today as markets assess the consequences of a rising US Dollar and Treasury yields. China’s outlook is under the microscope and could impact XAU/USD.

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EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence Area

EUR/USD struggled at the back end of last week and that bled over into the Asian session. However, following the European open a short-term retracement is gaining traction. Is it sustainable though?

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Japanese Yen Hits New Lows as US Dollar Flexes on Higher Treasury Yields

The Japanese Yen pierced prior lows with the US Dollar reclaiming the high ground on lofty Treasury yields and risk assets tumbling as China woes continue. Will USD/JPY make a new peak?

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Is Nasdaq Following Gold’s Footsteps? NDX, XAU/USD Price Setups

Growing similarities on the charts of the Nasdaq 100 index and gold suggest the former could be in for some consolidation/minor retreat in an environment of rising real yields. What are the key levels to watch in the Nasdaq 100 index and XAU/USD?

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Asia Day Ahead: Cautious Tone to Start the Week: Brent crude, China A50, USD/JPY

The value-growth divide since the start of the month continued to play out last Friday, as market participants pare their exposure in US big tech and semiconductors, while value sectors held firm.

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Australian Dollar Decline Pushes it to Bottom of the Range. Will AUD/USD Bounce?

The Australian Dollar is languishing to start the week after moving lower last week as the US Dollar found support with Treasury yields running higher. Will AUD/USD find traction?

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Markets Week Ahead: US Dollar, Gold, Crude Oil, Nasdaq 100, RBNZ, FOMC Minutes, CPI

The US Dollar outperformed alongside Treasury yields last week, pushing down gold prices. Meanwhile, crude oil prices just barely managed a 7th consecutive weekly gain. What is in store for markets in the week ahead?

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Oil Update: OPEC Monthly Report Points to Tighter Oil Market, Cuts Continue

Record US oil production partially offsets OPEC’s output drop but the global oil market is set to get tighter into year end

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Indices Little-Changed After Post-US CPI Volatility​​​​

Stock markets dropped back after yesterday’s CPI figure, but are attempting to move higher again this morning.

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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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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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