Tag: gbp/usd,
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Gold Pops, US Dollar Drops, GBP/USD and EUR/USD Rally
[ad_1] Market Week Ahead: Gold Pops, US Dollar Drops, GBP/USD and EIR/USD Rally For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Building Confidence in Trading The US dollar continues its move as traders price in an aggressive series of rate cuts next year. US Treasury yields are falling,…
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Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags
[ad_1] Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling…
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Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD
[ad_1] Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather despite a hawkish takeaway from the Jackson Hole Symposium. Both the US 2-year and 10-year yields cooled by around 5…
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S&P 500 Below 50-day MA, VIX up 11% as Market Caution Persists: S&P 500, NZD/USD, GBP/USD
[ad_1] Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast The pull-ahead in US retail sales yesterday provided some validation for soft landing hopes but also left room for rates to be kept high for longer, with market sentiments seemingly placing their focus on the latter. The July retail sales figure increased…
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Nikkei 225, GBP/USD, Nasdaq 100
[ad_1] Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight (DJIA -0.98%; S&P 500 -1.38%; Nasdaq -2.17%), with overbought technical conditions and “extreme greed” sentiments (Fear & Greed Index) potentially exacerbating the profit-taking. Treasury yields largely held firm, with the 10-year yields back above its key 4% level to…
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GBP/USD, GBP/JPY Rally to Resistance – Can Bulls Force the Breakout?
[ad_1] British Pound Talking Points: GBP/USD sold off last week after a failed test at the 1.2000 psychological level. That led to a move down to support at 1.1760, but bulls have since came in to push a higher low as price sets up for another test at the big figure. GBP/JPY strength has continued…
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British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?
[ad_1] British Pound, GBP/USD, US Dollar, FOMC, NZD/USD, FTX, Crude Oil – Talking Points British Pound is in a holding pattern with holidays impacting The Fed remains a focus and their rate path continues to create conjecture Sterling volatility has calmed for now. If it breaks out, will GBP/USD cap out? Recommended by Daniel McCarthy…
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US Dollar Techs Post-Minutes: EUR/USD, GBP/USD, USD/CAD
[ad_1] US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast The US Dollar started the week with strength, breaking out from the short-term ascending triangle that I had highlighted in this week’s forecast. The break happened even before the US market could open on Monday and prices in DXY continued to…
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British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again?
[ad_1] British Pound, GBP/USD, US Dollar, Crypto, FTX, Crude Oil, Gold – Talking Points British Pound support wilted after US Dollar resumed strengthening Crypto chaos leaked into many markets as concerns grow a liquidity crunch US CPI lies ahead and may see more volatility. Will GBP/USD test the downside? Recommended by Daniel McCarthy Get Your…
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US Dollar Price Action Ahead of CPI: EUR/USD, GBP/USD, USD/CAD
[ad_1] US Dollar Talking Points: The US Dollar put in another bearish break yesterday, running down to a spot of support that was in-play two weeks ago as the projected target from a double top formation. There’s a batch of support points just below USD price action including a trendline, a Fibonacci retracement and a…