This article concentrates on the fundamental outlook for the Australian dollar, analyzing market catalysts and key drivers that are expected to exert significant influence on the currency's dynamics in the second quarter.
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Thursday, 28 March 2024
Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed
The Office for National Statistics confirmed that the UK entered into a recession in Q4. GBP held up in Q1 but the threat of sharp declines in inflation may weaken the currency
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US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data
The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure.
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Wednesday, 27 March 2024
Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts.
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Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter
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FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric was before prior FX intervention
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Tuesday, 26 March 2024
US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
The article explores the near-term outlook for the U.S. dollar, focusing on three of the most popular and liquid FX pairs: EUR/USD, USD/JPY and GBP/USD.
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Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers
Gold appears upbeat at the start of the week, although, the current move higher is already showing signs of slowing. Silver continues to trade lower, testing a well-known level
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Euro Gains Again Despite More Dovish ECB Commentary
The Euro has bounced despite a clear rethink of the once-broadly-held idea that the US will see earlier, deeper rate cuts than the Eurozone
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Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off
Cable attempts to claw back losses that ensued after the Fed meeting. Catherine Mann, a more hawkish member of the MPC, detailed why she no longer voted to hike
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Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies
Bitcoin is back above $70k after rallying sharply over the last three sessions. A fresh attempt at a new ATH is likely ahead of April’s halving event.
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Monday, 25 March 2024
Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible
The price of gold has pushed higher today after last Thursday’s sharp sell-off. Sentiment remains positive and a new ATH is not too far away.
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British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts
GBP/USD has been mostly about the Dollar on Monday, although some modest good news out of the UK is likely still helping.
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Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
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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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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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 -...