Monday, 18 March 2024

Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent

Tuesday’s Bank of Japan policy decision may see the central bank lift interest rates out of negative territory for the first time since January 2016

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Sunday, 17 March 2024

Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap

Five major central banks announce their latest monetary policy decisions next week and post-announcement commentary will be key. And the Nasdaq might need some help.

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Saturday, 16 March 2024

Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?

The Federal Reserve's decision and monetary policy guidance in the coming week will be the focus of financial markets. A hawkish outcome could be positive for the U.S. dollar and yields, but bearish for gold prices.

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Friday, 15 March 2024

US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near

The latest PPI report gave the US dollar a push higher on Thursday ahead of next week’s FOMC meeting.

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Japanese Wages Rise to 30-Year High, Fueling BoJ Rate Speculation

Japan’s largest trade union group, Rengo, announced a 5.28% wage increase for its workers – supporting the view that the BoJ is likely to hike rates before the summer

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Thursday, 14 March 2024

US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups

This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY and GBP/USD, exploring various technical and fundamental scenarios that could play out in the near term.

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IEA Revises Oil Demand Outlook, Tweaks Supply Estimates – Oil Rises

The International Energy Agency (IEA) revised its global oil demand growth by 110,000 barrels per day and trimmed back supply estimates. Oil trading higher on the day

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Gold Price Coils Further, Silver Hits a Multi-Week High

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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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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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...