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S&P 500 Forecast: SPX steady with Middle East tensions & Netflix in focus

US stocks are set for a mixed open as Iran downplays Israel's attack, helping fears fade. Futures recovered earlier losses, and oil gave back earlier losses. Netflix reported stronger-than-expected Q1 earnings and revenues but is set to fall on the open after revenue guidance for the current quarter was modestly weaker than expected.

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Yesterday 02:23 PM

US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday

US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.

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USD/JPY 155 in focus around US inflation, BOJ meeting: The Week Ahead

155 has become the latest 'glass ceiling' for the rapid rise of USD/JPY. And with a key US inflation report, BOJ meeting and potential for risk-off sentiment next week, this key level could be tested and prompt a response from Japan's central authorities.


Crude oil spikes on reports of Israeli airstrike, gold threatens new high

WTI crude oil was up over 4% during the Asian session on reports that Israel’s middles had struck a site in Iran, further fans fears of a broader-scaled war in the middle East.

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US dollar taps 106 as US 2yr eyes break of 5%, gold rangebound: Asian Open

The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%.

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Yesterday 12:27 AM

S&P 500 analysis: Will the recovery hold as focus turns to tech earnings?

S&P analysis: As markets have started Q2 poorly, amid interest rate uncertainty and raised geopolitical risks, investors are relying on earnings to provide boost, starting with Netflix today. S&P 500 technical analysis suggests more losses could be on the way, with 5,000 on the bears' radars.

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April 18, 2024 05:46 PM
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Nasdaq 100 Forecast: QQQ rises as chip stocks rebound, Netflix earnings in focus

US stocks are inching higher after recent losses as chip stocks rebound following impressive earnings from TSMC and despite jobless claims coming in stronger than expected. TSMC is considered a bellwether for chip stocks, so the upbeat earnings have helped the sector, which had fallen in recent weeks. Attention is now turning to Netflix earnings after the closing bell.

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April 18, 2024 02:06 PM
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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises as the USD rally pauses. Oil steadies after a steep fall yesterday.

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April 18, 2024 09:33 AM

China A50, Hang Seng, USD/CNH: Economic revival, state intervention creates ample trade opportunities

Chinese economic data is beating expectations at rates not seen since reopening to the world in 2023. And with the government and People’s Bank of China playing an active role in supporting mainland markets, it’s not surprising to see Chinese assets performing comparatively better than others across Asia right now.

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April 18, 2024 08:04 AM

US dollar ponders correction as bond prices approach support

The US dollar has risen around 6% from the late December low. And with bond prices approaching support which could send yields lower, the US dollar rally could at least find some headwinds - if not a retracement.

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April 18, 2024 07:20 AM

AUD/USD, ASX 200: Jobs report has little RBA implications, back to watching China

Australians are none the wiser as to what’s happening in the domestic labour market with another volatile jobs report creating more questions than answers. AUD/USD is largely unmoved, leaving offshore factors to remain in the driving seat.

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April 18, 2024 03:40 AM

USD/JPY, Nikkei 225: Even the strongest market trends are under threat

USD/JPY upside looks limited in the near-term, hindered by narrowing interest rate differentials and perceived increased risk of Bank of Japan intervention. The stronger yen may add to growing downside momentum in the Nikkei 225, putting two of the strongest market trends in 2024 under threat.

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April 18, 2024 12:48 AM
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AUD/USD holds 64c ahead of AU jobs, crude oil slips 3%: Asian Open

The US dollar snapped a 6-day winning streak to allow AUD/USD to rebound from 64c in line with yesterday’s bias. And if AU employment figures perform today, it could extend its gains for a second day.

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April 18, 2024 12:16 AM
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