Bitcoin holds the high ground in what was a quiet day. Crypto enthusiasts appear to have shrugged off the Binance saga and record breaking fine as lack of liquidity is evident.
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Thursday, 23 November 2023
Gold Cautious Above $2000 on Thin, Holiday Affected Trading
Gold trades within a narrow daily range on Thanksgiving as US traders step away from their screens. Will the temporary ceasefire lead the metal lower?
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EUR/USD Price Update: German PMI Points Towards Shallow Downturn
German manufacturing and services sectors have contracted as the economic situation in the EU’s manufacturing hub has withered. However, November’s data eases
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AUD Price Forecast: Aussie Dollar Shakes Off Weak PMI’s
AUD prices are bid this morning despite Judo Bank PMI’s reaching fresh yearly lows as Thanksgiving Day is expected to result in muted trading today.
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Wednesday, 22 November 2023
Australian Dollar Price Action Setups: AUD/USD, GBP/AUD
RBA Minutes keep the Aussie Dollar supported. Technical outlook and potential setups for both AUDUSD and GBPAUD.
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Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower
Gold’s failure at the $2000 hurdle leaves the precious metal vulnerable to a deeper retracement. Will the lack of liquidity expected the rest of the week help minimize the losses?
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FTSE 100, S&P 500 and Russell 2000 Consolidate Ahead of Thanksgiving
Outlook on FTSE 100, S&P 500 and Russell 2000 as US earnings season draws to a close
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CAD Price Forecast: Loonie Faces Key Support Ahead of US Data & OPEC+
USD/CAD prices are on the precipice of a breakdown lower but US macroeconomic data and OPEC+ decision on supply are crucial for short-term guidance.
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Tuesday, 21 November 2023
USD/CAD Remains Rangebound as Canadian CPI Falls More Than Expected. Where to Next?
Bank of Canada will breathe a sigh of relief following a better-than-expected CPI print. The Central Bank will be hoping this is a start of a trend rather than a once off drop as we had in June.
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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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