The euro continues to slide despite rising Bund yields as PMI data hints at a German recession. FX markets are on edge after suspected intervention to bolster the yen
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Wednesday, 4 October 2023
Nikkei 225, FTSE 100 and S&P 500 Continue to Free Fall
Outlook on Nikkei 225, FTSE 100 and S&P 500 amid rising US yields, a strong greenback and tight US labour market.
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XAU/USD Price Forecast: Gold Dulls Further on Soaring Real Yields
Gold prices look to Fed speak & ISM services PMI for guidance and whether or not bears can take XAU/USD down towards the $1800/oz mark.
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Tuesday, 3 October 2023
Asia Day Ahead: USD/JPY Firm Despite Potential Intervention, NZD/USD at 3-Week Low
US Treasury yields continued with their ascent overnight, with the US 10-year yields at 4.8%. Aside, the VIX is at its four-month high, hovering just below its key 20 level.
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Australian Dollar Forecast: AUD/USD in Freefall as US Yields Vault to New Heights
In this article, we assess AUD/USD from a technical perspective, focusing on pivotal price levels and scrutinizing shifts in market positioning that can offer instructive hints about the pair's outlook.
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Euro (EUR) Latest: EUR/USD Losses Mount, EUR/GBP Rejects Resistance
The Euro remains under pressure against a formidable US dollar and may struggle to reclaim recent losses. EUR/GBP continues to range trade.
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Oil Price Outlook: Brent Crude, WTI Take a Breather as USD Surges
Oil prices pulled back from the yearly high, testing levels around the prior swing low. Will storage data reveal further drawdowns, potentially eyeing a bullish continuation?
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Signs of Strength in Nasdaq 100 but Dow and Dax Struggle to Make Progress
Indices suffered further losses on Monday but have recovered slightly today, with the Nasdaq 100 showing the way.
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GBP/USD Price Forecast: Pound Plunges Towards 1.20
The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
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Monday, 2 October 2023
How Much More Downside in Gold/Silver? XAU/USD, XAG/USD Price Setups
Gold and silver have below their respective multi-week range, pointing to further losses in the near term amid rising US Treasury yields. How much downside and what are the key levels to watch?
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Australian Dollar Holds Losses After RBA Stands Pat; AUD/USD Tests Key Support
AUD held early losses after the RBA kept benchmark interest rates steady, in line with market expectations. What’s next for AUD/USD and AUD/NZD?
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Asia Day Ahead: RBA Rate Decision on Watch, AUD/NZD below key support
Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007.
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S&P 500 Under Threat from Soaring Yields, US dollar, Trendline Support in Play
This article presents a technical overview of the S&P 500, where we analyze its current price dynamics and identify key levels that could serve as either support or resistance in the coming trading sessions.
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Gold Latest - XAU/USD Slump Continues as US Bond Yields Remain Elevated
Gold losses persist with the precious metal printing yet another red candle with XAU/USD nearly $100 lower since last Monday
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Nikkei 225, FTSE 100 and S&P 500 Begin Q4 on a Cautious Note
Outlook on Nikkei 225, FTSE 100 and S&P 500 as the oil price, US yields and greenback remain at elevated levels.
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AUD Price Forecast: Aussie Dollar Slips on Weak PMI’s Ahead of RBA
AUD prices weakened against the USD on sluggish PMI data alongside a likely rate pause by the RBA at tomorrow’s interest rate announcement.
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Sunday, 1 October 2023
Bitcoin & Ethereum Jump: BTC/USD & ETH/USD Price Action
The break above minor resistance in Bitcoin and Ethereum has reduced some of the immediate downside risks. Can cryptocurrencies sustain gains? What is the outlook and what are the key levels to watch?
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Will the UK GDP-Led Bounce in the British Pound Last? GBP/USD, EUR/GBP, GBP/AUD
GBP managed to find some support toward the end of last week after the UK economy grew faster than expected. However, the support could turn out to be short-lived. What’s next for GBP/USD, EUR/GBP and GBP/AUD?
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Asia Day Ahead: China’s PMI Mixed, BOJ Minutes Well-Received by Nikkei
The softening in US August core PCE inflation failed to drive a sustained rebound in Wall Street last Friday. China and Hong Kong markets are closed today.
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Financial Markets in Q4: US Dollar, Euro, British Pound, Gold, Crude Oil, Stocks
The US Dollar outperformed in the third quarter as Treasury yields soared and gold prices weakened. Sentiment took a hit. What is the outlook for markets as 2023 comes to an end?
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...