Euro Vulnerable Against a Runaway US Dollar with Treasury Yields Jumping

The Euro succumbed to US Dollar ascendency along with many other currency pairs and the dynamics coming out of China might have more legs yet. Will EUR/USD continue lower?

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Australian Dollar Falls After Jobs Data Miss; How Much More Downside for AUD/USD?

AUD/USD fell after the Australian economy created fewer-than-expected jobs last month. To what extent could AUD/USD fall and what are the key levels to watch?

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Hawkish Tilt in Fed Minutes, While Trade Data in Asia Weakened: Gold, USD/SGD, US Dollar

It was another down day in Wall Street, as statements from the FOMC minutes did not reflect the level of unity among policymakers to pause rates as what was initially expected.

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Stock Indices Continue to Slide on China Growth Worries and Bank Downgrades

Outlook on FTSE 100, DAX 40 and S&P 500 amid lacklustre China growth and possible downgrades of major banks by the ratings agency Fitch

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Gold (XAU/USD) Flirts with $1900 Support as Fed Minutes Loom

Spot Gold briefly traded below the $1900 support level with a daily close below the 200-day MA for the first time since December 2022. A sign of further weakness ahead?

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GBP Breaking News: UK Inflation Remains Sticky, September Hike Likely

GBP prices have gained traction after the UK CPI report surprised to the upside on several metrics.

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Crude Oil Collapses as China Woes the US Dollar Strength Take its Toll

Crude oil prices broke lower yesterday and has underperformed today as developments out of China has risk assets on the backfoot amidst US Dollar reclaiming the upper hand. Lower WTI?

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Euro Ahead of Euro Area GDP, FOMC Minutes: EUR/USD, EUR/AUD, EUR/GBP Price Setups

EUR is testing key levels against some of its peers ahead of the release of Euro area GDP data (due later today) and the FOMC minutes (due Thursday). What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?

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New Zealand Dollar Spiked After the RBNZ Left its Cash Rate Alone at 5.50%. Higher NZD/USD?

The New Zealand Dollar jumped immediately after the RBNZ announced that they left rates unchanged 5.50% for the second meeting in a row. Will NZD/USD break back up and into the range?

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Finance Minister Suzuki Sticks to Script as EUR/JPY, USD/JPY Advance

apanese Finance Minister Suzuki sounded more like a record on repeat with comments around FX intervention this morning. The comments came on the back of a 3rd straight quarter of expansion.

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FTSE 100, Dow and Hang Seng All Come Under Pressure

​Indices have slipped back following more poor data from China.

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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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