Friday, 18 August 2023

Stock Indices Hit by More China Property Woes​​​

​​Outlook on FTSE 100, CAC 40 and Nasdaq 100 as Evergrande files for bankruptcy protection in the US as the real estate crisis in China deepens.

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USD/JPY Drops as Evergrande Bankruptcy Application Spurs Safety Bid

Japanese inflation remained elevated but broadly inline with consensus. However, news out of China sees a lift in the yen as investors tap into US treasuries as sentiment sours

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Thursday, 17 August 2023

US Indices’ Rally is Cracking: S&P 500, Nasdaq Price Action

The upward pressure in the S&P 500 and the Nasdaq 100 index is finally fading -- at least for now. How much more downside for US indices?

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Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?

The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower XAU/USD?

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British Pound (GBP) Strength Seen in Latest GBP/USD and EUR/GBP Price Action

The British Pound is holding its own against a resurgent US dollar and is pushing ahead against the Euro. Higher UK bond yields underpin the move.

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USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation?

The Yen continues to struggle with the FOMC minutes leaning on the hawkish side. USD/JPY and EUR/JPY bulls remain firmly in control despite the potential for short-term pullbacks.

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Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify

​​Indices have seen further selling, with no end to the pullback yet in sight. ​

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XAU/USD Forecast: Real Yields Continue to Suppress Gold Prices

Gold prices look to recover after the recent sharp selloff but will need real yields to provide some assistance by pushing lower.

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Wednesday, 16 August 2023

HK/China Equities Test the Line in the Sand; Hang Seng, CSI 300 Price Setups

China/Hong Kong equities are testing crucial support areas that could define the trend for the next few weeks, possibly months. 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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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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Tuesday, 15 August 2023

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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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...