Gold prices slip to multi-month lows as the US dollar grows in stature. Daily XAU/USD chart exhibiting bearish signals including death cross and triangle support breakout.
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Thursday, 28 September 2023
US Crude Prices Close In On $100 As Markets Fret Tighter Supply
The prospect of lengthy production cuts trump any question marks over near-term demand to power prices higher.
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GBP/USD Price Forecast: Susceptible Pound Looks for Reprieve
GBP prices stay depressed as markets look towards US GDP and Fed speak for guidance.
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Wednesday, 27 September 2023
Asia Day Ahead: Nikkei at Near-Term Support, Brent Crude Eyeing September High
Wall Street managed to stabilise overnight from its recent sell-off, despite another climb in Treasury yields and a pull-ahead in the US dollar.
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USD/CAD Price Forecast: Loonie at Pivotal Point
USD/CAD try push higher but crude oil prices are limiting USD upside.
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EUR/USD Price Forecast: Euro Bears Keenly Eye 1.05
EUR/USD slumped to its lowest levels since mid-March after more aggressive monetary policy statements from the Fed’s Kashkari and dwindling German consumer confidence.
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GBPUSD Slips Again As UK Rate Outlook Hangs Heavy On Sterling
The Pound is headed for a terrible month against the Dollar as an uncertain out look for both interest rates and the UK economy work against it
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FTSE 100, DAX and S&P 500 Try to Stabilize After Rout
Outlook on FTSE 100, DAX 40 and S&P 500 as the ‘rates higher for longer’ scenario continues to weigh on stocks.
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Tuesday, 26 September 2023
S&P 500 & Dow Fall Below Key Support; Potential H&S in Nasdaq
The rally in US indices appears to be cracking – the S&P 500 and the Dow Jones Industrial Average (DJIA) have broken below key support, while the Nasdaq 100 index looks vulnerable amid a potential bearish formation.
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Asia Day Ahead: AUD/USD Stuck in a Range, Silver Eyes retest of Trendline Support
Elevated Treasury yields, higher oil prices and a gridlock in the US government funding bill serve as prevailing risks for markets to digest.
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GBP/USD Price Forecast: Pound Collapses Below 1.22
GBP prices dropped to multi-month lows this Tuesday as US bond market moves supported USD upside.
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EUR/USD Gets Some Respite, But Fed Speakers Add to Pressure
The Euro has fallen for 10 straight weeks as the Prospect of Higher, Longer US borrowing costs puts the Dollar way out in front
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Dow, Nasdaq 100 and Nikkei 225 turn lower
Indices have come under fresh pressure today, as the rise in yields continues to hit stocks.
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AUD Price Forecast: Higher US Treasury Yields Limiting Aussie Dollar
AUD prices deteriorated against the USD after US Treasury yields hit 16-year highs.
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Monday, 25 September 2023
Market Breadth has Weakened: Implications for S&P 500 & Nasdaq
Market breadth in US indices has weakened recently, with some indicators around multi-month lows. From a contrarian perspective, it could reflect oversold conditions, pointing to a minor rebound ahead of the US earnings season.
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Asia Day Ahead: US Dollar at Fresh 10-month High, HSI Struggles
Major US indices eked out small gains to start the week, but it may be nothing more than an attempt to stabilise from recent sell-off, given the absence of a fresh bullish catalyst.
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DAX, EU Stocks Update: ECB Officials Have Their Say as Equities Turn Lower
EU Stoxx, DAX Drop on weaker Chinese sentiment and unchanged EU fundamentals. Crucial horizontal levels of support come into view as risk assets feel effects of higher rates
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Japanese Yen Weakens Again, Markets Watchful For BoJ Intervention
USD/JPY continues to push higher, with its latest run of gains enough to take it back to levels at which the Bank of Japan has been known to step in
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GBP/USD, EUR/USD remain bearish, USD/JPY bullish as US dollar rises for tenth consecutive week
Outlook on GBP/USD, EUR/USD and USD/JPY as the greenback continues to appreciate amid ‘rates higher for longer’ scenario.
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Sunday, 24 September 2023
Japanese Yen After BOJ: What Has Changed in USD/JPY, EUR/JPY, AUD/JPY?
The status quo by the BOJ last week reasserts the prevailing weakness in the JPY. What is the outlook and what are the key levels to watch in USD/JPY, EUR/JPY and AUD/JPY?
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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 US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....