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EUR/USD, gold key levels heading into US inflation, FOMC

The incoming US inflation report and FOMC meeting are highly anticipated events, as they can shape expectations for Fed policy beyond 2026. Volatility is expected, so we look at key levels for EUR/USD and gold ahead of these events.

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USD/JPY, USD/CAD implied volatility perks up, BOC and ISM up next

Today's BOC rate decision and an ISM report for the US places USD/CAD on volatility alert, alongside USD/JPY.

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June 5, 2024 06:25 AM
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USD could rally if CPI doesn’t soften from elevated levels: EUR/USD, AUD/USD

The US dollar continued to weaken ahead of today's US CPI report, helping EUR/USD and AUD/USD move towards key resistance levels. Yet traders will require a soft set of inflation figures for the pairs to stand any chance of breaking resistance.

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GBP/USD key levels into BOE, silver considers its next breakout

The big question for today is if the BOE will satisfy bearish market positioning with enough dovish talk to prevent shorts from covering, and inadvertently sending GBP/USD higher.

USD/JPY, GBP/USD, gold forecast: Technical levels for May 8, 2024

GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.

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EUR/USD, USD/JPY key levels heading into ISM, employment, FOMC

The US dollar has rallied on anticipation of a more hawkish Fed ahead of today's meeting. So we take a look at key levels for EUR/USD and USD/JPY.


GBP/USD, EUR/USD forecast: Here’s why the US dollar rally has stalled

The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.


EUR/USD, DAX may be down – but they’re not fully out

The US dollar has dominated sentiment for markets this past week, but with signs of momentum waning there may be hope for a rebound on EUR/USD and DAX - even if only minor.

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April 17, 2024 05:47 AM
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EUR/USD, DAX forecast: ECB, US PPI and Fed speakers on tap

All eyes are on today's ECB meeting, Fed speakers and US PPI figures to see if it can drive ERUR/USD lower or spark a rebound, after it suffered its worst day in 13 months on Wednesday.

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GBP/USD, gold in focus for US PPI, retail sales: European Open

GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.

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March 14, 2024 05:24 AM

DAX futures, Nikkei 225 hit record highs: European open

It was a lively session for equity traders in Asia on Thursday, with the Nikkei 225 and DAX futures hitting record highs. The Nikkei made its inevitable run to 39k and touched a record high, by a cat's whisker.

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February 22, 2024 05:12 AM

EUR/USD: Dangling precariously as supports give way

There’s now a very real possibility the ECB will cut interest rates earlier and more aggressively than the US Federal Reserve this year, putting EUR/USD under the pump and eyeing more downside.

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February 14, 2024 05:31 AM

Crude oil drifts into pivotal level, bears circle gold: European Open

WTI crude is trying to rise for a third day in line with my bullish bias, although resistance nearby hints at a pullback at the least. Momentum for gold has turned lower, and it looks like bears may not quite be done yet.

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February 8, 2024 04:42 AM
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EUR/USD, GBP/USD extend NFP losses, focus now on ISM, Fed and BOE

The US dollar extended Friday's NFP gains in Asia's Monday trade. But with an ISM services report and central bankers on tap, EUR/USD and GBP/USD show the potential to recoup some of their earlier losses.

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February 5, 2024 04:39 AM
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EUR/USD, USD/JPY, gold analysis heading into FOMC

Implied volatility levels for gold, USD/JPY and EUR/USD are elevated heading into this month’s FOMC meeting, where traders are hoping for clues on future Fed policy.

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January 31, 2024 05:39 AM
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EUR/USD looks dazed and confused ahead of Ifo, ECB: European open

The 1-hour chart for EUR/USD is a sight for sore eyes. It lacks a defined trend and has seen bursts of volatility in both directions before reverting to the centre of its sideways chopfest. But with key events within sight, we may be able to get a breakout or at least a clearer picture.

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January 25, 2024 04:49 AM

US dollar pares earlier losses, gold bears eye $2000: Asian Open

Price action on the US dollar remains choppy, but the bias remains for a run for 104. And that could weigh on gold as bears eye a run towards $2000.

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January 24, 2024 09:17 PM

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EUR/USD, GBP/AUD analysis: European open – Jan 24, 2024

S&P global release their flash PMI reports for the major regions today. And with PMI reports from Europe and US, it places EUR/USD onto trader's radars.

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January 24, 2024 06:00 AM
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GBP/JPY teases 2015 high post BOJ, Crude oil eyes $77: European open

The US dollar and yen were the weakest FX majors during the Asian session, following reports of China stimulus and no change in policy from the BOJ. GBP/JPY has probed a key resistance level and crude oil shows the potential to extend yesterday's gains.

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EUR/USD, USD/JPY forecast: European open – Jan 2, 2024

Implied volatility for USD/JPY over the next 24 hours is more than twice its usual level ahead of tomorrow’s BOJ meeting, and a potential topping pattern may be forming on the EUR/USD 1-hour chart.

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January 22, 2024 05:34 AM
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USD rally pauses for breath, DAX finds stability amidst the noise

We're seeing early signs that the US dollar rally could be losing steam and indices such as the DAX are finding stability. Whilst too early to pick out trend reversals, it does suggest that sentiment of this week is quietly changing.

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EUR/USD turns lower as USD dollar bulls retain control: European open

The US dollar finds itself bid ahead of the European open, with a key Fed member set to deliver a speech. And with a ZEW economic report up first, EUR/USD will be a key market to watch over the next 24 hours.

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January 16, 2024 04:49 AM

EUR/USD, EUR/GBP in focus for BOE and ECB meetings: European open

We have arguably seen the biggest central bank surprise of the week, with the Fed’s dovish pivot. But that may also influence the tone of the SNB, BOE and ECB at their meetings today – even if only to a degree.

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December 14, 2023 04:47 AM