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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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AUD/USD extends gains, employment report next
Australia's inflation expected to decline The Australian dollar has extended this week's gains. In the North American session, AUD/USD is trading at 0.6357, up 0.36%. Australia's inflation expected to continue falling Australia releases inflation on a quarterly basis, which magnifies the significance of each release.
24-10-2023 10:03 GMT by Kenneth Fisher
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British pound edges lower as employment market cools
UK labour market cools UK Manufacturing and Service PMIs decline The British pound is slightly lower on Tuesday, after climbing 0.68% a day earlier. In the European session, GBP/USD is trading at 1.2218, down 0.23%. UK job growth, unemployment rises The UK has released "experimental" employment data on Tuesday, replacing the standard labour market survey due to falling response rates.
24-10-2023 08:03 GMT by Kenneth Fisher
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Podcast - ECB's upcoming rate pause, AU and US inflation data to monitor
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights and events for this week; ECB monetary policy meeting (consensus is expecting a pause on interest rates in the Eurozone after ten consecutive rate hikes), Australia's Q3/monthly (Sep) inflation data, and US PCE inflation data (Sep). https://open.spotify.com/episode/3U27ENSLyHyLSVjYD6Vntn
24-10-2023 04:39 GMT by Kelvin Wong
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Japanese yen shrugs after PMI releases
Japanese PMI point to softness in manufacturing and services Speculation rises that BoJ could tweak yield control policy The Japanese yen has edged higher on Tuesday. In the European session, USD/JPY is trading at 149.44, down 0.18%. Japan posts soft PMIs Japanese Flash PMIs for October failed to impress, but the impact on the Japanese yen was muted.
24-10-2023 04:28 GMT by Kenneth Fisher
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USD/JPY bullish momentum seems to be fading
USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main factors that are likely to be the cause; intervention risk, inter-market expectations, and momentum. Watch the key 20-day moving average on the USD/JPY, now acting as support at 149.30. The major uptrend phase of the USD/JPY in place since mid-January
24-10-2023 02:27 GMT by Kelvin Wong
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BTC/USD: Is Bitcoin Back?
Bitcoin hits $31,000, highest levels since July Michael Saylor's MicroStrategy Bitcoin position turns positive (average $29,582 purchase price) Major bond market yield reversal keeps cryptos broadly supported (Eth up 3.4%, Solana up 2.4%, and Dogecoin up 4.9%) Bitcoin is rallying alongside tech stocks as the bond market has a major reversal.  Today's rally that took prices to a three-month high is not about spot Bitcoin ETF optimism but about a significant reversal in the dollar and 10-year Tre
23-10-2023 14:57 GMT by Edward Moya
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EUR/USD: Dollar drops as Treasury yields reverse initial surge to 5.00%
10-year Treasury tested 5.00% for the first time since 2007 This latest bond market selloff could lead to a harder-hitting economic slowdown Strategists don't believe the recent data support this bond market move; strong buying emerged once yields hit 5.00% Wall Street is trying to understand how the US economy will be able to deliver a soft landing as Treasury yields trade at cycle highs. A fourth quarter slowdown is here but that is only happening from a high baseline, which will probably be
23-10-2023 13:26 GMT by Edward Moya
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GBP/USD drifting, UK employment report next
UK retail sales slide in September UK releases employment data on Tuesday The British pound is showing very limited movement on Monday. In the North American session, GBP/USD is trading at 1.2154, down 0.07% UK employment expected to slide The UK delayed has delayed the release of employment and unemployment data until Tuesday, after releasing wage growth last week.
23-10-2023 09:58 GMT by Kenneth Fisher
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Nasdaq 100 Technical: Further potential downside pressure as key support broke
Broke below a key ascending trendline on last Friday, 20 October that has acted as support for prior down moves since December 2022. Implied volatility of Nasdaq 100 measured by the CBOE VXN Index has staged a significant bullish breakout and rallied to a 7-month high of 25.31. Key short-term resistance to watch will be at 14,615. Nasdaq 100’s key component stocks Q3 earnings releases to take note of; Microsoft & Alphabet (Tuesday, 24 October) followed by Meta (Wednesday, 25 October), and Amazon
23-10-2023 07:30 GMT by Kelvin Wong
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Japanese yen flirts with 150, PMIs next
USD/JPY briefly pushes below 150 Japan releases PMIs on Tuesday The Japanese yen is trading quietly on Monday. In the European session, USD/JPY is trading at 149.98, up 0.07%. The yen showed little movement last week, hovering just shy of the symbolic 150 line.
23-10-2023 07:05 GMT by Kenneth Fisher
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Gold Technical: At the risk of a minor pull-back before potential new upleg
The recent three weeks of rally seen in spot Gold (XAU/USD) has been driven by geopolitical risk premium and positive momentum. The rise in the price actions of spot Gold has ignored the increase in the long-term opportunity cost of holding gold as the US 10-year Treasury yield rallied in tandem. Heightened stagflation risk is likely the cause of the ignorance of higher holding costs in Gold. The current short-term uptrend phase of spot Gold (XAU/USD) has reached an “overstretched condition” whi
23-10-2023 01:25 GMT by Kelvin Wong
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Week Ahead - ECB set to pause tightening cycle, a big week for earnings
US Now that Fed Chair Powell signaled that the Federal Open Market Committee will keep rates on hold at the next policy meeting, Wall Street will look to see how high growth will peak before the economy cools in Q4.  Expectations are for the advance reading of Q3 GDP to rise from 2.1% to 4.3%.  Investors will also want to see if the September income and spending data show the consumer is still in good shape, as both readings are expected to post 0.4% monthly gains.  Big earnings for the week w
20-10-2023 19:15 GMT by Craig Erlam
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GBP/USD - UK consumer activity cools in the run-up to the festive season
UK retail sales -0.9% in Setember (-0.3% expected) UK Gfk consumer confidence -30 in October (-20 expected) GBPUSD losing momentum near recent lows UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it's not just the weather that's driving it. Retail sales fell 0.9% in September, far exceeding expectations of a 0.3% decline as unseasonably warm weather weighed on sales of Autumn clothing. While that's not a new phenomenon, weather is
20-10-2023 08:49 GMT by Craig Erlam
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Canadian dollar calm ahead of retail sales
Canada to release retail sales later today Fed's Powell says inflation still too high, lower growth needed The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3688, down 0.23%.
20-10-2023 07:50 GMT by Kenneth Fisher
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Dollar declines extend post Powell, November is no longer live but future rate hikes still on table
Wall Street went on a mini rollercoaster ride during Fed Chair Powell's speech.  Powell's comments were mostly in-line with other officials and support the belief that policy might not be "too tight" and future rate hikes may be needed.  Powell's comments support their higher for longer mantra, but fell short of signaling a rate hike was likely in December.  Until inflation is much lower, the Fed will try to jawbone the market into thinking more hikes are possible. Fed Chair Powell Key Quotes f
19-10-2023 13:27 GMT by Edward Moya
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