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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ...
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AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bu...
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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled....
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US Dollar Technical Forecast for the Week Ahead

US Dollar Technical Forecast for the Week Ahead

The Dollar sell-off following Friday’s CPI number has the DXY running lower towards the 200-day MA....
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Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Inflation data comes into focus for Loonie traders after a major week for USDCAD....
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Japanese Yen Technical Outlook: Is the USD/JPY Rally Done?

Japanese Yen Technical Outlook: Is the USD/JPY Rally Done?

A sharp slide last week has raised the odds of an interim top in USD/JPY. How could the trend play out in the short term and what are the signposts to...
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EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

EUR/USD is on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate h...
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GBP Technical Forecast: Sterling Drivers Remain Limited Despite USD Boost

GBP Technical Forecast: Sterling Drivers Remain Limited Despite USD Boost

The pound may appear to have turned a corner when viewed against the dollar but wider comparisons confirm that GBP remains under pressure...
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Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, ey...
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