Gold is seemingly putting together a bullish pennant on the daily chart, while silver looks to push further ahead after Wednesday’s break of resistance.
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Thursday, 14 March 2024
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support
Decades of ultra-loose monetary policy have put the Yen in a unique position among major currencies. But for how much longer?
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EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer
Well-known dove, Yannis Stournaras called for not one, but two rate cuts before the summer break, contrasting with the overall ECB stance to follow the Fed
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Wednesday, 13 March 2024
US Dollar Seeks Fed Signals in PPI, Retail Sales Data - EUR/USD, USD/JPY Setups
The release of U.S. PPI and retail sales data on Thursday is poised to capture the market's focus and potentially ignite volatility, as both macroeconomic reports may influence the Fed’s monetary policy outlook.
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Bitcoin (BTC) and Ethereum (ETH) Rally Further – Where to Next?
Bitcoin and Ethereum continue to post new highs, despite the occasional sharp sell-off. The outlook remains positive as the Bitcoin halving event gets ever closer.
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Crude Oil Prices Pop Up On Bullish OPEC Demand Calls
Crude Oil prices have managed strong gains, but the market looks heavy up here and may be in some danger of topping out
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British Pound Update – GDP Picks Up in January, GBP Unchanged, FTSE Tests Resistance
UK GDP figures showed economic growth picking up in January but the outlook still looks weak. Sterling remains little changed while the FTSE 100 tests multi-month resistance.
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Tuesday, 12 March 2024
Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise
US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets
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US Inflation Comes in Hotter-Than-Expected, USD Gets a Small Bid, Gold Drifts
US inflation came in above expectations in February but the market is currently shrugging off the data having any impact on policy as US rate cut expectations remain unchanged.
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British Pound Latest - UK Labor Market Cools, GBP Steadies, FTSE 100 Probes Higher
The latest official UK labor statistics show the UK jobs market cooling a fraction with the unemployment rate nudging higher and wages ticking lower.
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Monday, 11 March 2024
US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?
Gold prices, the U.S. dollar, and stocks will be highly responsive to the February U.S. inflation report, as consumer price index data holds the potential to shape the Federal Reserve's near-term monetary policy outlook.
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British Pound Update, GBP/USD Near Multi-Month Highs, EUR/GBP Eyes New Lows
The Bank of England is expected to lag both the Fed and the ECB when it comes to cutting interest rates, helping to boost Sterling against the US dollar and the Euro.
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Japanese Yen Gains Again As Dollar Wilts, BoJ Policy in the Spotlight
The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones
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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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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 -...