AUD is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesday. What is the outlook for AUD/USD, AUD/NZD, and AUD/JPY?
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Monday, 28 August 2023
Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD
Wall Street gained for the second straight day, as US Treasury yields took a breather after touching their recent highs.
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British Pound Forecast: GBP/USD Awaits NFP as GBP/JPY Cheers Ueda’s Dovish Views
This article delves into GBP/USD and GBP/JPY through a technical lens, dissecting pivotal support and resistance levels that warrant close observation during the upcoming trading sessions.
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XAU/USD Price Forecast: Gold Retains Gains Post-Powell
Gold prices look tentative this week ahead of key US economic data including GDP, Core PCE and NFPs. XAU/USD holds above $1900/oz.
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Sunday, 27 August 2023
Australian Dollar Boosted by Hang Seng Uplift on China’s Tweaks. Will AUD/USD Recover?
The Australian Dollar drifted higher today after China continued to announce measures to backstop a struggling economic outlook amid the Jackson Hole fallout. Where to for AUD/USD?
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US Dollar Flirts with Resistance After Powell; EUR/USD, GBP/USD, AUD/USD Price Action
The USD is holding gains against its peers after Powell warned of more tightening to bring down inflation to the 2% target. What is the outlook for EUR/USD, GBP/USD, and AUD/USD?
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Asia Day Ahead: Relief Rally to Start the Week Ahead of Key Macro Data
Wall Street managed to get through the Jackson Hole Symposium unscathed, despite a hawkish takeaway from Fed Chair Jerome Powell last Friday.
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Japanese Yen Slides on BoJ and Fed Commentary from Jackson Hole. Higher USD/JPY?
The Japanese Yen is pondering a potential new low today with the US Dollar gaining traction post-Jackson Hole. The Fed and BoJ remarks may add to speculation to bolster USD/JPY.
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Markets Week Ahead: US Dollar, Gold, Euro, NFPs, Key Fed Inflation Gauge, China PMI
The US Dollar mostly outperformed against its major peers as gold prices managed to push higher. Ahead, all eyes are on the Fed’s preferred inflation gauge, US non-farm payrolls and Chinese manufacturing PMI. What else?
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Friday, 25 August 2023
Yen Price Outlook: USD/JPY Upside Back in Play, EUR/JPY Vulnerable
USD/JPY receives bullish boost ahead of Powell’s Jackson Hole speech which contrasts EUR/JPY fortunes which may extend on recent dovish ECB revelations
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Euro (EUR) Latest: EUR/USD Hit by Dollar Strength, EUR/GBP Bounces Off Support
The single currency is struggling against a robust US dollar ahead of Fed chair Jerome Powell’s keynote speech later today.
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Stock indices give back gains ahead of Fed Chair speech
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of today’s Jackson Hole Symposium Jerome Powell speech.
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Gold (XAU/USD) Holds High Ground Despite the DXY Advance, Where to Next?
Spot Gold has held onto early week gains despite the US Dollar continuing to show strength this week. Will Fed Chair Powell add fuel to the renewed appetite from Gold Bulls?
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Thursday, 24 August 2023
De-risking ahead of Fed Chair’s Jackson Hole speech: Brent crude, AUD/JPY, EUR/USD
Nvidia’s stellar results hit with a sell-the-news market reaction, as market participants de-risk ahead of Fed Chair Jerome Powell’s Jackson Hole speech later tonight.
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USD/JPY Claws Back Up, Jackson Hole Focus Trumps Durable Goods Weakness
The US Dollar remained higher for the day against the Japanese Yen despite some disturbing weakness in the data
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Gold (XAU/USD) and Silver (XAG/USD) Latest Price Outlooks
Gold continues to push higher this week after global bond yields fall sharply. Markets are growing increasingly concerned that global economic growth is faltering
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Oil Prices Stabilize Ahead of Powell’s Jackson Hole Speech on Friday
Declining US yields and the US dollar have helped oil prices recover some of the recent losses. Greater-than-expected EIA crude drawdowns help lift US crude
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EUR/GBP Forecast: Consolidation to Prevail Following Whipsaw Price Action
EUR/GBP failed to hold below the 0.8500 psychological level as consolidation looks set to return. Adjustments to rate hike probabilities do appear to favor further downside over the medium-term.
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Wednesday, 23 August 2023
US Indices’ Upside Could be Capped: S&P 500, Nasdaq Price Setups
US indices may have rebounded in recent days, thanks to earnings and the retreat in US yields. But the deep decline since last month has left a scar on the broader uptrend, one that could be hard to fill soon.
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US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price Setups
There are growing signs that USD could be in the process of making an interim top. To be fair, this wouldn’t necessarily imply that the uptrend is over. What’s next for EUR/USD, GBP/USD, and AUD/USD?
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