This article delves into the technical prospects of the U.S. dollar, with a specific focus on analyzing price action dynamics for EUR/USD and GBP/USD. Additionally, the technical outlook for gold is thoroughly examined.
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Thursday, 25 January 2024
Gold Price Forecast: Core PCE Data to Guide Markets ahead of Fed Decision
This article focuses on gold’s outlook, analyzing important price levels that could serve as technical resistance or support in the coming trading sessions ahead of the Fed decision next week.
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US Dollar Mixed As GDP Data Smash Forecasts, Gloomy ECB Stands Pat
The United States Dollar was remarkably steady through a fascinating session of economic data on Thursday, suggesting perhaps that all the market cares about at this point is what the Federal Reserve will make of it all.
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ECB Leaves Interest Rates Unchanged, EUR/USD Listless Ahead of Press Conference and US Q4 GDP
The European Central Bank (ECB) played a straight bat at today’s policy announcement, leaving all rates unchanged and giving little away. A currently lackluster EUR/USD needs another driver.
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USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain
The Bank of Canada expressed that interest rates have most likely plateaued but tempered expectations of aggressive cuts by highlighting remaining core price pressures
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Wednesday, 24 January 2024
US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD
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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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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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 Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...