Crude Oil Slip on Soft Data Ahead of Fed and ECB Decisions. Where to for WTI?

The crude oil price gave up some of Friday’s gain to start the week after Chinese PMI data missed forecasts and several markets are closed for holidays. Will crude resume the recovery?

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Gold Price Trapped Ahead of a Busy Week as US Dollar Pauses. Where to for XAU/USD?

The gold price slipped at the open on Monday as traders prepare for the Fed’s interest rate decision and the potential for impact across the yield curve and on the US Dollar.

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Markets Week Ahead: Fed, ECB, RBA, S&P 500, Gold, US Dollar

Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. Key focus in the coming week is on the Fed, ECB and RBA rate decisions, global manufacturing and services PMI data and earnings of around 160 companies in the S&P 500 index.

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US Dollar’s Direction Hinges on Fed’s Policy Outlook, US Labor Market Data

The Fed's policy decision at its May meeting and the April nonfarm payrolls report will steal the spotlight next week and will be key in determining the direction of the U.S. dollar going forward.

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Crude Oil Weekly Forecast: OPEC+ Production Gains Wiped Out Ahead of Pivotal Week for Oil Prices

Oil fluctuated between losses and gains this past week as recession fears continue to weigh on prices. Will huge swathes of data this week be pivotal in providing Oil with a medium-term direction?

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British Pound Week Ahead: GBP/USD and EUR/GBP Will Dance to Different Music

The latest Fed and ECB monetary policy decisions next week will steer GBP/USD and EUR/GBP in the short-term.

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S&P 500, Nasdaq Weekly Forecast: Climbing the Wall of Worry

Earnings from the big technology companies may have boosted US equity indices but the bar for further gains is rising ahead of the US FOMC meeting next week. That said, the trend remains up and so far, there are no signs of a reversal of the uptrend on technical charts.

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Gold Wavers Ahead of Big Data Week, Fed and Jobs Report Eyed for Market Cues

Gold prices were subdued on Friday, but market moves were limited, with many traders sitting on the sidelines and avoiding taking large directional positions ahead of major events next week

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US Core and Headline Inflation Diverge, Employment Costs Rise, US Dollar Nudges Higher.

Core inflationary pressures in the US remain elevated, while headline inflation continues to fall. While the latter will please the Fed, it may not be enough to stop US rates being hiked again next week.

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USD/JPY Price Forecast: Dovish BoJ Inspires USD/JPY Rally, 200-Day MA in Sight

USD/JPY is facing some technical challenges following a 250-odd pip rally. Time for a retracement or bullish continuation?

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EU Breaking News: German Economy Stagnates, EU GDP Grows Marginally

The German economy failed to grow in the first quarter of 2023 but also narrowly avoided a contraction, Euro Area registered a minor gain. Euro and DAX head lower

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AUD/USD Price Forecast: New 2023 Low for Aussie dollar?

AUD/USD is on the backfoot this morning after housing credit remained subdued. The Aussie dollar now looks ahead to US core PCE and consumer sentiment for guidance.

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Amazon Soars on Upbeat Earnings, S&P 500 Futures Add to Gains as Big Tech Delivers

Amazon’s financial results beat expectations, with both EPS and revenue clocking in above estimates. Shares of the e-commerce company soar after the earnings announcement.

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Nasdaq 100 Blasts Higher as Meta’s Earnings Boost Tech, Apple in Focus Next Week

The Nasdaq 100 rallies on Thursday as solid earnings from Meta Platforms boost sentiment on Wall Street, lifting tech stocks. Apple’s quarterly results will steal the limelight next week.

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GBP/USD Price Outlook: Cable Struggling for Bullish Continuation

GBP/USD edged towards the recent peak but bullish momentum appears to be waning ahead of a period of high importance US data including PCE data and the FOMC meeting

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US Q1 Growth (GDP) Disappoints, US Dollar Nudges Higher Post-Release

The US economy expanded by much less than expected in Q1 2023 while prices continue to rise, leaving the Fed with plenty to think about ahead of next week’s FOMC meeting.

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Japanese Yen Price Action Setups: AUD/JPY, USD/JPY and EUR/JPY

The re-emergence of US banking concerns and plenty of high impact data including US GDP, Fed and ECB rates meetings, warrants a closer look at the safe-haven currency

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Euro Latest: EUR/USD Stuck in a Holding Pattern Ahead of High Impact Data Releases

EUR/USD volatility is likely to return shortly with a slew of high importance US and Euro Area data set for release over the next 36 hours.

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Crude Oil Sinks as Sentiment Waivers in the Face of Supportive Data. Lower WTI?

Crude oil prices have pulled back to levels seen prior to OPEC+ lowering its output target and underlying market structures might be less supportive going forward. Where to for WTI?

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S&P 500 Subdued Despite Microsoft’s Bullish Explosion, US First-Quarter GDP Eyed

The S&P 500 fell on Wednesday, undermined by cautious market sentiment, with most sectors ending the day in negative territory but tech commanding strength thanks to Microsoft’s solid rally.

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