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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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Australian dollar tumbles as risk appetite falls
Australian dollar slides as risk appetite slides The Australian dollar is sharply lower against the US dollar on Tuesday. In the North American session, AUD/USD is trading at 0.65897 down 0.94% and has fallen to its lowest level in a month. US dollar powers higher The US dollar struggled against the major currencies in the last two months of 2023 but has surged out of the gates early in the new year.
16-01-2024 11:19 GMT by Kenneth Fisher
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EUR/GBP - UK wage growth cools which could enable earlier BoE rate cuts
UK wages (inc bonus) rise 6.5% in the three months to November (7.2% in three months to October) Markets expect 125 basis points of rate cuts from the BoE this year Double bottom forms in EURGBP Labor market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a highlight from the report. For a long time now, central banks have indicated that a significant amount of pressure from higher interest rates will need to be applied
16-01-2024 08:36 GMT by Craig Erlam
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Canadian dollar lower ahead of CPI data
Canada's inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn't been kind to the Canadian dollar, which is down 1.8% this month against the greenback and is trading at one-month lows.
16-01-2024 06:42 GMT by Kenneth Fisher
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British pound slips as wage growth slides
UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading at 1.2641, down 0.68%. UK wage growth falls sharply The UK employment report indicated that the labour market remains solid while wage growth is falling rapidly.
16-01-2024 05:18 GMT by Kenneth Fisher
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WTI Oil Technical: Sideways within a potential minor bottoming configuration
Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak as China’s top policymakers have signalled a less forceful approach in enacting stimulus measures after PBoC left its 1-year MLF rate unchanged at 2.50%. Sideways for now between US$76.05/78.40 and US$69.20 for WTI crude oil. This is a follow-up analysis of our prior report, “WTI Oil Technical:
16-01-2024 01:23 GMT by Kelvin Wong
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Market Insights Podcast - UK and Japan inflation looms with China Q4 GDP, industrial production, retail sales.
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events; a mixed-bag start of the week among major Asian stock markets; Japan's Nikkei 225 continued its bullish tone (+0.91% Monday, 15 January) after it hit a 34-year high last week and cleared above the 35,000 psychological level. In contrast, China and Hong Kong benchmark stock indices ended Monday, 15 January with losses; CSI 300 (-0.10%), and Hang Seng Index (-0.17%) as China's central bank
15-01-2024 21:20 GMT by Kelvin Wong
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GBP/USD - Consolidation ahead of jobs, inflation and retail data
Jobs, inflation, and retail data to come from the UK Markets expect 125 basis points of rate cuts Consolidation in GBPUSD ahead of the data We'll get a lot of economic data from the UK this week which will tell us how the economy ended the year and whether markets are on the right path with respect to rate cuts in 2024. Markets are pricing in 125 basis points of cuts this year, although even more so than with other major central banks, there appears to be quite an array of views on what they'l
15-01-2024 17:38 GMT by Craig Erlam
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Euro drifting ahead of German CPI
The euro is showing limited movement on Monday. In the European session, EUR/USD is trading at 1.0948, down 0.02%. German inflation is on the rise Germany's inflation rate climbed to 3.7% y/y in December, up from 3.2% in November, which was a two-year low.
15-01-2024 07:17 GMT by Kenneth Fisher
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GBP/USD eyes UK wage growth
UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at 1.2725, down 0.21%. Wage growth expected to continue falling The UK will release employment data on Tuesday and the spotlight will be on wage growth.
15-01-2024 05:17 GMT by Kenneth Fisher
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Gold: Potential bullish breakout from 6-week range
Positive price actions in Gold (XAU/USD) as it reintegrated back above its 20-day moving average. A continuation of the medium-term bearish trend on the US 10-year Treasury real yield below 1.82% key resistance may add further bullish impetus for Gold. A rise in geopolitical risk premium may also support a firmer Gold. Watch the US$2,015 key short-term support on Gold (XAU/USD).
14-01-2024 23:55 GMT by Kelvin Wong
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GBP/USD - Markets price in more Fed rate cuts after US PPI data, UK to avoid recession?
US PPI data weaker than expected UK could avoid a recession after November GDP recovery GBPUSD breakout coming after consolidation? Stock markets are ending the week on a high, buoyed by weaker PPI readings from the US that suggest inflation will keep falling in the coming months. The PPI data has repaired the damage done by yesterday's CPI data which came in a little higher than expected.
12-01-2024 12:53 GMT by Craig Erlam
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Japanese yen edges higher after US PPI rises
US PPI rises 1%, missing estimate of 1.3% The Japanese yen has edged higher on Friday. In the North American session, USD/JPY is trading at 144.80, down 0.3e%. The US Producer Price Index followed the CPI's lead and rose in December, with a gain of 1%.
12-01-2024 08:39 GMT by Kenneth Fisher
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USD/CAD - Technical Analysis Forecast
Canada CPI and BOC Overnight Rate schedule Technical Analysis for Monthly, Daily, and 4-hour charts The Canadian Dollar opened 2024 with a decline against the US Dollar, the Forex pair USD/CAD rose from 1.3180 in late December 2023 to its current average price of 1.3380 and has been trading near this level for a few days. The pair held steady throughout the US CPI data release as well as the recent upside move in oil prices.
12-01-2024 08:12 GMT by Moheb Hanna
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Australian dollar edges up as China CPI slips
China's CPI declines by 0.3% Fed's Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia's central bank are keeping a close eye on this week's inflation data out of Australia and China.
12-01-2024 06:20 GMT by Kenneth Fisher
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GBP/USD yawns after strong UK GDP
UK GDP rebounds to 0.3%, but economy remains weak US inflation hotter than expected at 3.4% The British pound is showing limited movement on Friday. In the European session, GBP/USD is trading at 1.2769, up 0.05%. UK GDP bounces back in November The British economy grew in November by 0.3% m/m, rebounding from a 0.3% decline in October and edging above the market estimate of 0.2%.
12-01-2024 04:18 GMT by Kenneth Fisher
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Aussie dips as US inflation higher than expected
The Australian dollar has posted sharp losses on Thursday. In the North American session, AUD/USD is trading at 0.6655, down 0.68%. US inflation report sends greenback higher US inflation was higher than expected in December with a gain of 3.4%.
11-01-2024 12:25 GMT by Kenneth Fisher
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EUR/USD - US CPI no game-changer for interest rate expectations
US CPI (YoY) 3.4% in December (3.1% in November) US Core CPI (YoY) 3.9% in December (4% in November) EURUSD fails at 1.10 The CPI report has become a source of good news for investors, as inflation has fallen sharply to within touching distance of the Federal Reserve's 2% target. The last step may be the hardest, as many have warned, but investors are clearly of the view that the hard work has been done and it's only a matter of time until rates are falling.
11-01-2024 12:06 GMT by Craig Erlam
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