Crude oil prices peaked at new levels again today in the face of concerns for China’s growth prospects undermining it but backwardation is back in play. Will WTI break USD 100 a barrel?
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Monday, 18 September 2023
Australian Dollar Ponders Path Ahead After RBA Minutes. Will AUD/USD Breakout?
Australian Dollar crosswinds create uncertainty for direction with the RBA meeting minutes verify that the debate for hikes is up in the air and will be data dependent. Where to for AUD/USD?
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Asia Day Ahead: Wait-and-See in Lead-Up to Fed’s Decision, RBA Minutes in Focus
Market sentiment remained in its usual wait-and-see ahead of the FOMC meeting, as the VIX headed higher for the second straight day to reflect increased hedging activities.
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Australian Dollar Outlook: AUD/USD Sees Market Sentiment and Price Patterns Clash
This article provides an in-depth analysis of the Australian dollar, examining both market sentiment and price action to anticipate potential developments in the days and weeks ahead.
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FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally?
The US Federal Reserve are largely expected to pause the rate hike cycle on Wednesday with updated economic projections. The lingering fear of a resurgence in inflation will likely keep the door open for another rate hike in Q4.
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USD/ZAR Price Forecast: Rand Preps for Fed and SARB
The rand remains subdued ahead of the FOMC and SARB interest rate announcements later this week, while USD/ZAR hovers around R19/$.
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Japanese Yen Forecast: A Big Week Ahead for USD/JPY Traders
Monetary policy decisions from the Federal Reserve and the Bank of Japan will give USD/JPY traders a lot to think about
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Sunday, 17 September 2023
Gold Price Gains Amid Risk Aversion Ahead of Fed, BoE and BoJ. Higher XAU/USD?
Spot gold made headway today with China’s property sector revisiting its debt profile as markets contemplate central bank actions this week. Will XAU/USD break the range?
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Have Bitcoin & Ethereum Capitulated? BTC/USD & ETH/USD Price Setups
Tentative signs are emerging that Bitcoin’s slide may have capitulated. However, Ethereum has yet to show any meaningful upward momentum. What is the outlook and what are the key levels to watch?
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Asia Day Ahead: Calm before the storm, as STI remains in range, AUD/USD struggles
Major US indices gave back all of last week’s gains on Friday, while the Straits Times Index steadied. Volatility was triggered by the triple witching day with the VIX rising 7.6%.
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British Pound Slides Ahead of BoE Rate Decision. Where to for GBP/USD and EUR/GBP?
The British Pound has been undermined against the US Dollar after breaking below several technical levels last week while it appears range-bound against the Euro. Lower GBP/USD?
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Markets Week Ahead: US Dollar, Fed, Sterling, BoE, Japanese Yen, BoJ and More
The US Dollar mostly underperformed against its major peers last week as oil prices rallied. Ahead, EUR/USD, GBP/USD and USD/JPY will be eyeing the Fed, BoE and BoJ. What else is in store for markets in the week ahead?
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USD Weekly Forecast: DXY Firmly Focused on Fed Rate Announcement
USD prices hold strong heading into the FOMC meeting this week with market forecasts opting for a rate pause. Where to next for the DXY?
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Friday, 15 September 2023
GBP Price Action Setups: GBP/USD, GBP/AUD on the Back Foot Ahead of Massive Week
British Pound bulls’ eye massive week of data to arrest the recent slump as inflation data and the much-anticipated Bank of England meeting lie in wait. 25 bps hike incoming from the BoE?
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FTSE 100, DAX 40 and S&P 500 Rally on Improved Sentiment
Outlook on FTSE 100, DAX 40 and S&P 500 following ECB rate hike, second reduction in reserve ratio requirement by PBOC and successful Arm IPO.
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AUD Price Forecast: Chinese Data Provides Much Needed Reprieve for Aussie Dollar
AUD prices have rallied against the USD after optimistic Chinese data led the way. The RBA has a new Governor as Philip Lowe steps down.
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Thursday, 14 September 2023
How Will the US Dollar React to Fed Rate Decision Next Week?
Teaser: The US dollar continues to march higher ahead of the US Federal Reserve meeting next week. Will the greenback correct lower or strengthen further post the FOMC meeting?
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Asia Day Ahead: VIX Back at Year-to-Date Low, Nikkei 225 Hits Two Month High
Major US indices registered their one-week high, as the VIX heads back to its year-to-date low. Oil prices continued its climb, while gold prices attempt to stabilise.
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Gold Price on Meltdown Alert as USD Eyes Breakout Before Fed, XAU/USD Levels
Gold prices may face larger losses and a potential breakdown if the U.S. dollar maintains its upward trajectory in a context of rising Treasury yields.
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WTI, Brent Shrug Off US Inventories Surge as Oil Prices Hit Fresh 2023 Highs
Oil prices resumed their upside rally this morning following a brief pause yesterday on surging US inventories. How much further will Oil prices advance before a retracement, as the 14-day RSI hovers in overbought territory?
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...