Tuesday, 21 November 2023

US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?

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Dow, Nikkei 225 and CAC40 Continue to Make Gains

The Dow is at its highest level since the summer, while the Nikkei 225 is contemplating more gains to take it to a multi-decade peak, and the CAC40 has regained the 200-day moving average.

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GBP Price Forecast: Pound Gears Up for FOMC as Markets Process UK Borrowing

Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.

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Monday, 20 November 2023

Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark?

Bitcoin faces a key test as ETF decision is delayed once more. Can the bullish momentum continue or is a deeper retracement toward the $35k mark growing more likely?

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Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow

Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.

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Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain

EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.

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British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness

The US dollar is testing lows last seen at the start of September and that is giving cable another boost.

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​​​FTSE 100, DAX 40 and Nasdaq 100 Pause after Three Weeks of Strong Gains​​​

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.

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AUD/USD Price Forecast: Positive Start for Aussie Dollar

AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.

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Sunday, 19 November 2023

Markets Week Ahead: Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks

Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.

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Friday, 17 November 2023

JPY Weekly Forecast: Cautious Ueda Leaves Yen Exposed

USD/JPY continues to hover around the 150 mark ahead of Japanese CPI next week.

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Thursday, 16 November 2023

AUD/USD Price Forecast: Aussie Dollar Unable to Exploit Weaker US Data

AUD prices are trading lower this Friday morning as Fed officials did not waver in their hawkish messaging after jobless claims data crept higher.

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US Dollar Outlook Shaky as Yields Tank, Setups on EUR/USD, GBP/USD, AUD/USD

This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play

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Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices rally more than 1% and break above a key technical resistance, boosted by falling U.S. Treasury yields following disappointing U.S. economic data.

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Oil Price Outlook: Brent and WTI Suffer Further Losses

Oil declines around $3.5 today as markets continue to digest sizeable stock builds at a time when the US production levels soar and economic data appears to be easing

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Pound Sterling Update: GBP/USD Uptrend in Focus

The pound has recently been handed a boost by a weaker dollar brought about by expectations that US rates have peaked. Sterling looks ahead to the Autumn Statement

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Wednesday, 15 November 2023

EUR/USD Price Forecast: It’s Time for Eurozone Inflation

EUR prices pullback as markets prepare for Fed and ECB speak later today.

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EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices at Risk of Meltdown

This article focuses on the technical outlook for EUR/USD, the Nasdaq 100 and crude oil, taking into account sentiment analysis and recent price action dynamics.

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US Dollar Forecast: Fed Pivot Ahead? - Setups on USD/JPY, GBP/USD, AUD/USD

This article explores the technical outlook for USD/JPY, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play following the U.S. CPI and PPI reports and related market volatility.

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AUD/USD Price Forecast: Australian Wage Growth Hits Fresh Highs

AUD prices have held onto yesterday’s gains with some positive Chinese data as well as high wage growth locally.

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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...