The minutes from Tuesday’s BoJ meeting confirmed that the inflation target has not been achieved and that hikes will be measured. FX official unimpressed by volatile yen
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Monday, 25 March 2024
Sunday, 24 March 2024
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
It was a busy week for major central bankers with two major banks altering interest rates. Gold issues a bearish warning, sterling appears deflated and USD reclaims losses
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Saturday, 23 March 2024
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
This article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth.
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Friday, 22 March 2024
Oil Update: Russia-Ukraine War Targets Energy Infrastructure
US president Joe Biden has urged Ukraine not to target Russia’s oil infrastructure as it risks sending prices higher. Brent prices appear largely unshaken
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US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift
The US dollar is pushing higher, helped by Euro and Sterling weakness after Thursday’s BoE rate meeting. Short-dated US Treasury yields though remain anchored.
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Thursday, 21 March 2024
US Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF
This article delves into retail sentiment on the U.S. dollar across three key FX pairs: USD/JPY, USD/CAD and USD/CHF, exploring current market positioning and potential scenarios based on contrarian signals.
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Bank of England Leaves Rates Unchanged, Vote Split Turns Dovish, GBP/USD Slips
The Bank of England left rates unchanged at today’s meeting but the closely watched vote split turned dovish, sending UK Gilt yields and GBP lower.
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Gold Soars to New All-Time High After the Fed Reaffirmed Rate Cut View
The Fed reaffirmed its view of three rate cuts this year and raised its outlook on inflation and GDP. The dollar experienced a dovish repricing, propelling gold notably higher
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Wednesday, 20 March 2024
Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100
The Fed held borrowing costs unchanged at its March meeting and continued to signal that it would implement three rate cuts this year despite upside inflation risks. This dovish outlook boosted gold prices and the Nasdaq 100.
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Fed on Hold, 2024 Policy Outlook Unchanged – Gold & US Dollar on the Move
The Federal Reserve kept its monetary policy settings unchanged for the fifth consecutive meeting and signaled its intention to deliver 75 basis points of easing this year, the same outlook embraced back in December.
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USD/JPY Selloff Continues Ahead of the FOMC Meeting
The yen failed to halt a selloff that gained momentum after the dovish hike from the Bank of Japan. USD/JPY remains vulnerable, particularly if the Fed foresees fewer cuts ahead
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UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed
UK inflation fell to the lowest level in over two years in February, helped by falling food prices. GBP/USD is little changed as the latest Fed policy decision nears.
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Tuesday, 19 March 2024
Fed Seen Holding Rates Steady; Policy Outlook to Drive Markets, US Dollar
This article offers a preview of the upcoming Fed monetary policy announcement, examining potential scenarios for financial markets, including the U.S. dollar.
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Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed
Canadian inflation softened more than expected in February, bringing potential rate cuts closer at a time when markets foresee the Fed having to delay its first cut until July
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British Pound Wilts As Markets Await Both Fed and BoE
There are central bank policy decisions for both sides of GBP/USD in the next forty-eight hours
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Euro Latest – ZEW Economic Sentiment Improves, EUR/USD Hinges on FOMC Decision
Economic sentiment in the Euro Area and Germany turned higher in March, according to the latest ZEW report, but Wednesday’s FOMC meeting will dictate the next EUR/USD move.
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Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive
The bank of Japan (BoJ) agreed that a virtuous cycle between wages and prices has been met, enabling an historic moment for the accommodative central bank. Yen weaker
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Monday, 18 March 2024
BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY
The Bank of Japan is expected to raise interest rates for the first time in 17 years when it concludes its March policy meeting. The decision could trigger market volatility and shape the Japanese yen’s near-term outlook.
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Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI
Sterling remains one of the better performers against the dollar this year with the BoE less dovish than the Fed – something that could improve its interest rate differential
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Euro Higher Despite Market Worries of More Gradualist Fed
The US central bank was expected to cut rates this month at the start of the year. Now the markets are sure it won’t.
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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 ...