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US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls

US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls

The US Dollar rallied as upbeat jobless claims data underscored a data-watching Fed ahead of the highly anticipated non-farm payrolls print. Will DXY ...
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Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs

Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs

Risk trends started to distort this past session. On the one hand, the Nasdaq 100 and S&P 500 charged higher with hopes of a robust earnings backd...
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Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed

Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed

The tech leaders had a remarkable day Thursday with impressive rallies from Apple, Amazon and Google – all breaking above their 200-day moving avera...
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Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suite

Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suite

Gold and Silver rallied after a series of rate decisions raised demand for precious metals. However, gains were relinquished after a rejection of resi...
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Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy

Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy

US crude prices faced opposing influences of ongoing output cuts and signs of large inventory builds....
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Jan 17, 2023 when GBP/USD traded near 1.23.

GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Jan 17, 2023 when GBP/USD traded near 1.23.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bea...
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EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable

EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable

ECB hikes rates by 50bps promising more to come as inflation remains their top priority. EURUSD sub 1.10 ahead of the press conference....
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Breaking News: BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report

Breaking News: BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report

The Bank of England hiked rates by half a basis point but more placid guidance from the MPC has left the pound on offer. GBP/USD eyes 1.22....
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USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move

USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move

Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJP...
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