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AUD/USD: Under downside pressure from China’s weak inflation

China's latest set of inflationary data for September increases the risk of a deflationary spiral being entrenched. China policymakers continued to use rhetoric to push out new fiscal stimulus policies but lacked details in terms of the amount and scope of implementation. An erosion of confidence in China's policymaking process may trigger a negative feedback loop into the AUD/USD. This is a follow-up analysis of our prior report “AUD/USD: The recent rally of the Aussie dollar may face a ceili

14-10-2024 07:11 GMT by Kelvin Wong

Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady

Gold prices remain steady despite weak Chinese data, Risk-Off Start to the week. Market uncertainty and geopolitical tensions are supporting gold's safe-haven appeal. Key support and resistance levels to watch are identified. Most Read: Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus Gold prices held steady this morning as weak Chinese data renewed market concerns and led to a risk-off start to the week.

14-10-2024 07:06 GMT by Zain Vawda

NZ Dollar under pressure as services data disappoints

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI contracts for seventh straight month New Zealand’s economy has been struggling, and a key factor has been the contraction in the services sector.

14-10-2024 06:40 GMT by Kenneth Fisher

Markets Weekly Outlook - ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank's interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks reporting. Can the S&P 500 rally continue? Technical breakdown provided.

11-10-2024 13:34 GMT by Zain Vawda

USD/CAD pushes higher, Canadian employment next

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3767 at the time of writing, up 0.19%. The Canadian dollar has hit a rough patch and is on a seven-day slide in which it has fallen 1.6%.

11-10-2024 07:07 GMT by Kenneth Fisher

Pound shrugs as UK economy grew by 0.2%

The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in both June and July.

11-10-2024 05:57 GMT by Kenneth Fisher

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive.

11-10-2024 05:52 GMT by Zain Vawda

Euro lower as US inflation dips slightly

The euro is lower on Thursday. In the North American session, EUR/USD is trading at 1.0908, down 0.28%. The German economy has been struggling but there was positive news as German retail sales rose 1.6% in August and 1.5% in July, after declines of 1.1% in June and 1.4% in May.

10-10-2024 12:58 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Hold Above $2600/oz.. Will US CPI Lead a Recovery in Price?

Gold prices are consolidating above $2600/oz, supported by uncertainty in the Middle East. Upcoming US CPI data will impact gold prices, with a softer print potentially boosting gold and a higher print strengthening the USD. Technically, gold is rangebound, with immediate resistance at 2624 and support at 2600. The geopolitical situation and CPI data will likely provide short-term clarity.

10-10-2024 08:23 GMT by Zain Vawda

GBP/USD Technical: Potential bullish reversal after 4-week slide as US CPI looms

This is a follow-up analysis of our prior report “GBP/USD Technical: Sterling bulls are in control” published on 27 August 2024. Click here for a recap. Since our last publication, the price actions of the GBP/USD have rallied and hit the lower limit of the first medium-term resistance zone of 1.3400/3505 (printed an intraday high of 1.3434 on 26 September).

10-10-2024 06:55 GMT by Kelvin Wong

USD/JPY steady after Fed minutes

The yen is calm on Thursday after sharp losses a day earlier. In the European session, USD/JPY is trading at 148.88, down 0.28%. Fed minutes: next cut will likely be 25 bps The Federal Reserve released the minutes from the September meeting on Wednesday.

10-10-2024 06:27 GMT by Kenneth Fisher

Australian dollar extends losses, Fed minutes loom

The Australian dollar continues to decline and is down for a fifth straight day. In the North American session, AUD/USD is trading at 0.6725, down 0.31%.

09-10-2024 12:07 GMT by Kenneth Fisher

GBP/USD Consolidates as Bulls Eye a Potential Short-Term Pullback

GBP/USD is currently range-bound, consolidating within a narrow 30-pip range. US CPI and PPI data releases on Thursday and Friday could introduce some volatility. From a technical standpoint, the medium-term outlook still favors USD bulls, but a short-term bounce in GBP/USD is looking appealing. Most Read: S&P 500, Nasdaq 100 – Futures Hold High Ground as US Considers a Breakup of Google GBP/USD is in uncharted territory if i may so with the pair confined to a 30 pip range since early Monday mo

09-10-2024 11:11 GMT by Zain Vawda

USD/JPY eyes Fed minutes

The yen has edged lower on Wednesday in what has been a quiet week. In the European session, USD/JPY is trading at 148.72, up 0.36%. Will Fed minutes provide clues for November meeting? The Federal Reserve will release the minutes of the September meeting later today.

09-10-2024 08:40 GMT by Kenneth Fisher

S&P 500, Nasdaq 100 - Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday's losses. Following a disappointing update from the National Reform Commission in China, US-listed Chinese stocks like Alibaba, PDD Holdings, and JD.com experienced declines.

09-10-2024 08:00 GMT by Zain Vawda

New Zealand dollar sinks after RBNZ cuts by 50 bps

The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6079 in the European session, down 0.96% on the day. RBNZ slashes rates to 4.75% The Reserve Bank of New Zealand lowered the cash rate by 50 basis points on Wednesday to 4.75%.

09-10-2024 07:12 GMT by Kenneth Fisher

Gold (XAU/USD) Heads Toward $2600/oz Ahead of FOMC Minutes and US CPI

Gold prices fell in the US session after a positive European session, influenced by renewed US Dollar strength and concerns about China's economic slowdown. Despite the pullback, ETF demand for gold remains strong, and geopolitical risks in the Middle East persist, suggesting buying pressure remains. From a technical analysis perspective, gold has broken out of a recent range, and further support and resistance levels are identified.

08-10-2024 13:31 GMT by Zain Vawda

NZD/USD - RBNZ poised to cut, but how much?

The New Zealand dollar is down for a sixth straight day and has fallen 3.6% during that time. NZD has stabilized on Tuesday and is trading at 0.6120 in the North American session, down 0.07% on the day. RBNZ expected to chop rates by 50 bps The Reserve Bank of New Zealand meets on Wednesday and is widely expected to a cut rates, but by how much?

08-10-2024 10:22 GMT by Kenneth Fisher

USD/CHF Technical Outlook: Confluence Area Hints at Bullish Breakout

USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank's preference for a weaker CHF and the repricing of Fed rate cut expectations contribute to the bullish outlook. Upcoming US CPI and PPI data releases could further fuel the USD rally and drive USD/CHF to new highs. Most Read: Brent Crude – Oil Eyes $80 a Barrel as Geopolitical Concerns Linger, Libya Production Returns USD/CHF is eyei

08-10-2024 08:36 GMT by Zain Vawda

Australian dollar lower, RBA keeps options open

The Australian dollar has extended its losses for a sixth straight day and is down 2.5% during that period. In the European session, AUD/USD is trading at 0.6736, down 0.29%. RBA minutes: Board considered scenarios for raising and lowering rates The Reserve Bank of Australia released the minutes of its September meeting on Tuesday.

08-10-2024 08:13 GMT by Kenneth Fisher

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