Monday, 11 March 2024

US Dollar Weakness Persists, Bitcoin Hits a New All-Time High, Gold Consolidates

A quiet start to the week across most markets ahead of Tuesday’s US CPI release, although Bitcoin is soaring to a fresh record high.

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Sunday, 10 March 2024

Markets Week Ahead: Gold Soars, Rate Cuts Near, Nasdaq and Nvidia Wobble

Interest rates in the EU and the US look set to be cut in June, Nasdaq slides on Nvidia sell-off, Gold continues to print fresh highs.

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Saturday, 9 March 2024

US Dollar Forecast: US CPI to Spark Next Big Move - EUR/USD, USD/JPY, GBP/USD

February's U.S. inflation data is poised to ignite heightened market volatility in the upcoming week, playing a pivotal in shaping the near-term outlook for the U.S. dollar.

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Friday, 8 March 2024

Euro Weekly Forecast: Gains Look Vulnerable in Week of Modest Data

This article explores euro’s fundamental and technical outlook, examining pivotal factors that may influence price movements in the upcoming week.

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US Dollar Falls Further After US NFP Beat But January Number Revised Sharply Lower

The latest US Jobs Report (NFPs) beat market expectations – 275k vs. 200k forecast – but the blowout January number of 353k was revised sharply lower to 229k.

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Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks

Ethereum is bubbling under the $4k level after a sustained rally since late-January. The medium-term outlook remains positive but care needs to be taken in the short-term.

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US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near

Fed Chair Powell pushed the US dollar lower yesterday after indicating that rate cuts are on the horizon, a similar view to ECB President Lagarde earlier in the day.

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Thursday, 7 March 2024

US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups

The February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar.

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Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.

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US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report.

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Wednesday, 6 March 2024

Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY

This article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing price action dynamics and market sentiment.

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US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

The U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S. jobs report.

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Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

There’s plenty of action still to come this week for both sides of the modestly bullish EUR/USD pair

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Gold Price Latest: All-Time High Remains Within Touching Distance

Later today Fed Chair Jerome Powell will testify before the House Financial Services Committee and gold traders will be listening carefully.

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Tuesday, 5 March 2024

Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower

The cryptocurrency market jumped and dumped quickly today after Bitcoin set a new all-time high. Further losses ahead or a short-term market correction?

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S&P 500, Nasdaq Ease After Apple and Tesla Lead Indices Lower

Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices

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Crude Oil Prices Struggle As China Growth Plans Fail to Convince

Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies

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Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear

A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later.

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Gold Prices Surge Ahead of Key US Data, All-Time High in Sight

Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024

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Monday, 4 March 2024

Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers

The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP

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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...