This article examines the U.S. dollar technical outlook, with a focus on three major FX pairs: EUR/USD, USD/JPY and GBP/USD.
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Wednesday, 24 January 2024
US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next
The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days.
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British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP Latest
UK services activity continues to pick up, according to the latest S&P Global PMIs, and that is giving Sterling a boost in the FX market
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Euro Holds Up Despite More Shaky PMIs, ECB Rate Decision Up Next
The Euro managed to hold gains against the United States Dollar on Wednesday despite more worrying news from the Eurozone economy.
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AUD Price Update: Aussie Mulling Latest Chinese Stimulus, AUD Contained
The latest stimulus measure out of China aims to free up bank reserves amid a rout in the local stock market. Aussie dollar contained after the Netflix miss as S&P 500 holds up
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Tuesday, 23 January 2024
Pound Sterling Price Action Setups: GBP/USD, EUR/GBP, GBP/JPY
Reduced budget deficit in December puts tax cuts back on the agenda before the Spring Statement. Sterling could continue its rise with the help of improving PMI data
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Dow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound
US markets are in solid form ahead of major tech earnings this week, and even the Russell 2000 has rediscovered its bullish momentum.
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USD/JPY Slips Lower After BoJ Stands Pat but Hints on Improving Inflation Outlook
USD/JPY is trading around 147.50 in early European trade after the Bank of Japan left all policy dials untouched at its latest meeting but gave a slight hint that inflation may be moving higher.
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Monday, 22 January 2024
Tesla’s Share Price: What to Expect from Q4 Results
Find out what to expect from Tesla’s earnings results, how they will affect Tesla share price, and how to trade Tesla’s earnings.
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Japanese Yen Ticks Up As Market Looks Toward BOJ’s First 2024 Rate Call
The yen ticks up modestly ahead of the Bank of Japan's first meeting of 2024. No policy changes are expected but updated inflation forecasts may reignite interest in future cuts
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FTSE 100 Struggles while DAX 40 Rises and S&P 500 Trades at Record Highs
Outlook on FTSE 100, DAX 40 and S&P 500 amid Fed blackout period and as US earnings season continues.
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Modest Start to the Week for AUD, PBOC Maintains Benchmark Rate
Chinese benchmark rates were left unchanged earlier today, sending AUD lower. However, positive sentiment in the S&P 500 offer a way out for AUD but US earnings remain key
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Sunday, 21 January 2024
Markets Week Ahead: Gold Under Pressure, US Equities Rally, USD Holds Recent Highs
US equities have shaken off their poor start to the year and are now posting fresh multi-year and all-time highs. Growing expectations of a soft landing and falling inflation in the US is driving the latest move higher.
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Saturday, 20 January 2024
US Dollar Forecast: EUR/USD, USD/JPY, USD/CAD & AUD/USD’s Path Tied to US PCE
This article examines the fundamental and technical outlook for the U.S. dollar, focusing on major FX pairs such as EUR/USD, USD/JPY, USD/CAD and AUD/USD.
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Friday, 19 January 2024
US Dollar Forecast – EUR/USD, USD/CAD and AUD/USD. Where to Next?
This article focuses on the technical outlook for several major pairs, such as EUR/USD, USD/CAD and AUD/USD. The piece also explores crucial price thresholds worth keeping an eye on in the upcoming trading sessions.
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Japanese Yen Latest – BoJ Is Watching the Latest USD/JPY Rally with Interest
USD/JPY is a nearing levels that may prompt the Bank of Japan to start talking intervention. Tuesday’s rate decision and the Quarterly Outlook Report remain key for the Yen’s next move.
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Pound Sterling Latest: UK Retail Sales Contracted in December, GBP/USD Drops
Retail sales volumes fell over the festive period just one month after Black Friday sales prompted a 1.4% rise in November. Full year volumes declined 2.8% - GBP/USD lower
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Thursday, 18 January 2024
US Dollar Stands Tall, Technical Setups on USD/CAD and AUD/USD
This article will explore the technical outlook for USD/CAD and AUD/USD, analyzing important price thresholds that should be on every trader's radar in the coming days and weeks.
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Yen Scores Small, Nervous Gains On US Dollar In Wait For Japan CPI
The Japanese Yen remains under severe fundamental pressure against its US rival, but got some respite on Thursday
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ECB Minutes Shift Focus to Wages: EUR/USD, EUR/GBP, EUR/JPY Setups
ECB highlights wage pressures as the next challenge to price stability as workers look to recover from a drop in real wages. EUR/USD, EUR/GBP and EUR/JPY price action setups explored
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...