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Global equity markets tumbled while the US dollar rose as risk appetite took a back seat following aggressive tightening by global central banks in an attempt to rein in stubbornly high inflation.

The MSCI All Country . . . → Read More: Markets Week Ahead: Nasdaq, Gold, USD, Powell, US PCE, Germany Ifo, China PMI, Australia Retail Sales

USD/JPY ANALYSIS Will Fed Chair Powell continue is hawkish rhetoric? US economic data awaits as global slowdown concerns grow. 145.00 on the cards for USD/JPY bulls?

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JAPANESE YEN FUNDAMENTAL BACKDROP

The Japanese Yen has . . . → Read More: USD/JPY Price Forecast: More Misery to Come for Japanese Yen?

EUR/USD FORECAST: EUR/USD fails to remain above the psychological 1.1000 level and pulls back heading into the weekend, challenging trendline support Disappointing economic data in the Eurozone prompts traders to trim exposure to the common currency This article looks at major EUR/USD’s tech levels to watch in the week ahead

Recommended . . . → Read More: Euro Outlook: EUR/USD Veers Off Bullish Path after Rejection at 1.1000. Now What?

GBP/USD Prices, Analysis, and Charts

• GBP/USD slipped a little on Friday

• Weakness in EUR/USD seems to have carried across

• The overall uptrend looks intact however

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Receive timely and compelling market . . . → Read More: GBP/USD Slips Back as Weak Eurozone Data Favor Haven Greenback

WTI PRICE, CHARTS AND ANALYSIS:

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Most Read: Oil Price Forecast: WTI and Brent Face Challenges as Chinese Economy Remains in Focus

WTI’s resurgence failed at the first hurdle Yesterday as Oil prices faced renewed selling pressure, . . . → Read More: Oil Price Forecast: WTI and Brent Rally Fails at the First Hurdle, Further Downside Ahead?

Article written by IG Senior Market Analyst Axel Rudolph

FTSE 100, DAX 40, S&P 500 – Analysis, Prices, and Charts

???FTSE 100 back in negative territory year-to-date

?The FTSE 100 is on track for its fifth consecutive day of losses. It has been slipping since last Friday’s five-week high and is expected to . . . → Read More: FTSE 100 back in negative territory, DAX and S&P 500 come off highs???

EUR/USD ANALYSIS PMI data did not help the euro claw back overnight losses against the US dollar. ECB and Fed speakers scheduled throughout the day. EUR/USD at testing key support.

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EURO FUNDAMENTAL BACKDROP

German . . . → Read More: Euro Breaking News: Frightful German & EZ PMI’s Exacerbate Risk Off Move on EUR/USD

Gold, XAU/USD – Price Action: XAU/USD has fallen below key support. Hawkish central bank rhetoric and improving risk sentiment weigh on gold. To what extent XAU/USD could fall?

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Gold’s fall below key support on Thursday confirms . . . → Read More: Gold Rally Cracks: To What Extent XAU/USD Could Fall?

Market Recap

Fed Chair Jerome Powell reiterated his hawkish tone in his testimony to the Senate Banking Committee overnight, but Wall Street seems to be taking it in stride this time (DJIA -0.01%; S&P 500 +0.37%; Nasdaq +0.95%), with the S&P 500 and Nasdaq overturning their three-day losing streak.

Overnight economic data saw little . . . → Read More: Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week

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USD/JPY TECHNICAL ANALYSIS

USD/JPY extended its advance on Thursday, soaring nearly 0.8% to 142.93, boosted by rising U.S. Treasury yields after key Fed officials, including the FOMC chairman, voiced support for additional interest rate increases later . . . → Read More: Japanese Yen Outlook: USD/JPY Breaks Out but AUD/JPY Lacks Bullish Spark

EUR/USD Analysis

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Persistent Powell Sends the Dollar Lower, Euro Rises

Jerome Powell’s testimony in front of the U.S. House Financial Affairs Committee stressed that the Fed anticipates a more gradual pace of rate rises in . . . → Read More: EUR/USD Technical Update: Key Levels to Watch for Bullish Continuation

It’s clear that rate rises are far from over, either outside the US or within. The Bank of England has just provided clear evidence that central banks have work to do.

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Gold prices fell further . . . → Read More: Gold Prices Still Struggling, BoE Shows Global Rates Have Further to Rise

GBP/USD Prices, Charts, and Analysis UK Bank Rate hiked by 50 basis points to 5%. BoE will hike further if inflationary pressures persist.

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The Bank of England lifted the Bank Rate by half-a-percentage point today . . . → Read More: British Pound (GBP) Volatile as Bank of England Hikes by 50 Basis Points

TURKISH LIRA KEY POINTS:

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PRESIDENT . . . → Read More: Turkey Central Bank Meeting Preview: Erdogan and the Turkish Lira Eye Redemption from Policy Pivot

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Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts

???Dow touches one-week low

?The index continues to retreat from the six-month high it hit last week, shedding ground rapidly in the direction of the 50-day SMA. ?The bullish view might still hold sway should the . . . → Read More: Dow, Nasdaq 100 and Nikkei come under pressure following hawkish Powell testimony

AUD/USD ANALYSIS & TALKING POINTS All eyes on Fed Chair Jerome Powell today. RBA and Fed guidance diverging? Golden cross the focus on the daily AUD/USD chart.

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AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP

The Australian dollar . . . → Read More: AUD/USD Price Forecast: US Influences Shaping Aussie

Fed-BoJ policy divergence remains the key driving force

While the Federal Reserve (Fed) has largely retained its hawkish tone at the latest meeting, speculations for a quicker policy shift from the Bank of Japan (BoJ) have not been receiving much validation by policymakers thus far. The persistent rise in Japan’s “core core” inflation . . . → Read More: Japanese Yen Outlook: Fed-BoJ policy divergence remains the key driving force

Gold, XAU/USD – Price Action: XAU/USD has essentially been sideways in recent weeks. However, the evolving price action raises the risk of a move lower. What is the outlook and key levels to watch in XAU/USD?

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. . . → Read More: Gold Price Action: XAU/USD Vulnerable After Powell’s Remarks

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Federal Reserve (Fed) Chair Jerome Powell took the stage yesterday with a series of hawkish comments and while the Fed funds futures did not see much of a change in terms of rate expectations, US equities seem . . . → Read More: Asia Day Ahead: Fed Chair Took the Stage with Hawkish Comments

USD/CAD FORECAST: USD/CAD extends its recent sell-off, falling to its lowest level since September of 2022 Bearish double top target at 1.2990 remains in place for now Near-term market direction will depend on how prices react near trendline support at 1.3150

USD/CAD Mixed

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of clients are net long. . . . → Read More: Canadian Dollar Outlook: USD/CAD in Freefall after Double Top Confirmation Signal

USD/JPY OUTLOOK: USD/JPY resumes its advance and rises to its best levels since November 2022 The U.S. dollar draws support from higher Treasury yields following hawkish comments from the Fed chair at a Congressional hearing Powell says that the fight against inflation “has a long way to go” and that “nearly all FOMC participants” . . . → Read More: Japanese Yen Forecast: USD/JPY Entrenched in Strong Uptrend amid Hawkish Powell

Bitcoin (BTC) Prices, Charts, and Analysis: Will BlackRock’s BTC spot ETF get the SEC seal of approval? Bitcoin eyes $30k and higher.

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Last week’s application by the world’s largest asset manager, BlackRock, . . . → Read More: Bitcoin (BTC/USD) Posts a Six-Week High on Positive News Flow

EUR/USD News and Analysis EUR/USD edges up with Congressional testimony in focus The Fed has paused its rate hike cycle, the European Central Bank hasn’t EUR/USD has tracked GBP/USD up following strong UK inflation data

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The . . . → Read More: Euro Cautiously Higher As Mr Powell Heads to Capitol Hill

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Major US indices kicked off the shortened trading week in the red (DJIA -0.72%; S&P 500 -0.47%; Nasdaq -0.16%), although the sharp paring of losses mid-day especially in the Nasdaq may still reflect some strength in buyers. . . . → Read More: Asia Day Ahead: Downbeat Start to the Week; Chinese Equities Weigh

BITCOIN FORECAST Bitcoin prices extend recovery following news that EDX markets has launched With sentiment on the mend, BTC/USD has recaptured its 50-day simple moving average This article looks at bitcoin’s key technical levels to watch in the coming trading sessions

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Sterling in a Firm Position Ahead of BoE Decision Core and headline inflation remain uncomfortably high despite easing on the headline front. Base effects likely to see sharper fall into second half of the year Two-year fixed mortgage rate hits 6%. Average mortgage payments set to rise by £2,900 a year GBP/USD appears in . . . → Read More: BoE Preview: Inflation Demands More Hiking Despite Mortgage Pain

GOLD PRICES OUTLOOK: Gold prices sink on Tuesday, weighed by strong U.S. economic data ahead of Powell’s Congressional testimony The Fed Chair will deliver his Semiannual Monetary Policy Report to Congress on Wednesday and Thursday This article looks at gold futures’ key technical levels to watch in the coming days

Recommended . . . → Read More: Gold Prices Slump on US Data ahead of Powell’s Testimony, Key Support in Peril

Japanese Yen Price, Chart, and Analysis High importance data and events over the rest of the week will provide drivers. USD/JPY remains elevated and at levels last seen last November. GBP/JPY and EUR/JPY topping out or more to come?

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The US markets will be back online today to set a clearer backdrop for the risk environment, with US equity futures slightly in the red at the time of writing as a reflection of some lingering caution. . . . → Read More: Asia Day Ahead: Mixed Open in Asia; RBA minutes, China’s LPR in Focus

EUR/USD News and Analysis Hawks favour more hikes but divisions within the ECB may soon appear EUR/USD key technical levels assessed and analysed. Countertrend price action to start the week Drop off in scheduled event risk in Europe and the US this week apart from Powell testimony The analysis in this article makes use . . . → Read More: EUR/USD Outlook: ECB Hawks Welcome Further Hikes but for How Long?

RAND ANALYSIS & TALKING POINTS Chinese optimism carries ZAR this morning as risk on sentiment prevails. Key inflection point looming on daily USD/ZAR chart.

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USD/ZAR FUNDAMENTAL BACKDROP

The South African rand opened the week . . . → Read More: USD/ZAR: Price Forecast: Rand Rally Possibly Fading

POUND TALKING POINTS AND ANALYSIS GBP/USD has inched a little lower on Monday but remains near fourteen-month highs The Bank of England is widely expected to raise rates on Thursday Key inflation data for May are due the day before

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WTI PRICE, CHARTS AND ANALYSIS:

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Most Read: Oil Price Forecast: WTI and Brent Rally Gains Steam Despite the . . . → Read More: Oil Price Forecast: WTI and Brent Face Challenges as Chinese Economy Remains in Focus

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With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon. We have a glimpse from Fed Governor Christopher Waller and Richmond Fed President Thomas . . . → Read More: Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak

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Global equity markets rose to a 14-month high while the US dollar fell to a one-month low on hopes that US interest rates are peaking and expectations of more stimulus from China.

The MSCI All . . . → Read More: Markets Week Ahead: S&P 500, Gold, US Dollar, Powell, BOE, Japan Inflation, RBA Minutes

US Dollar, DXY Index – Outlook: The Fed kept interest rates on hold but projected two additional rate hikes in 2023 and not rate cuts until 2025. ?However, the market is pricing in one more rate hike this year and rate cuts as soon as next year. What does this mean for the . . . → Read More: US Dollar Week Ahead: Bearish Bets Increase After Fed’s Hawkish Pause

GOLD PRICE, CHARTS AND ANALYSIS:

GOLD FORECAST: NEUTRAL

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READ MORE: Gold Weekly Forecast: Gold (XAU/USD) Prices Delicately Poised . . . → Read More: Gold Weekly Forecast: Gold (XAU/USD) Bears Fail to Find Acceptance Below 100-Day MA, Where to Next?

EUR/USD OUTLOOK: EUR/USD rallied to its best levels since May 11 after the Federal Reserve and ECB decision this past week The Fed held borrowing costs steady, but signaled a higher terminal rate. However, traders were skeptical of the U.S. central bank’s plans to resume hiking again The ECB, meanwhile, raised rates and revised . . . → Read More: Euro Forecast: Bullish Breakout Signals Upward Price Trend Ahead for EUR/USD

JAPANESE YEN FORECAST: USD/JPY blasts off and flirts with fresh multi-month highs after Bank of Japan’s monetary policy decision BoJ kept interest rates and its yield curve control program unchanged, signaling little appetite to alter course any time soon This article looks at key USD/JPY’s levels to watch in the coming days

. . . → Read More: Japanese Yen Outlook: USD/JPY Extends Upside after Dovish BoJ Decision

EUR/USD News and Analysis EUR/USD remains close to five-week highs The ECB’s prognosis that rates will likely rise again in July has underpinned it Still, gains have been fast and the ECB isn’t the only central bank raising rates

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Get . . . → Read More: Euro Steadies After Strong Boost From Hawkish ECB

GBP/USD News and Analysis GBP/USD weekly chart reveals further longer-term upside potential Cable’s bullish posture likely to hold heading into CPI and BoE meeting next week Major risk events: UK CPI and the BoE rate decision The analysis in this article makes use of chart patterns and key support and resistance levels. For . . . → Read More: GBP/USD Update: Cable in the Pound Seat Ahead of CPI, BoE

Article writtenby IG Senior Market Analyst Axel Rudolph

FTSE 100 approaches upper boundary of trading range

The FTSE 100 is making further headway despite a swathe of UK companies seeing their share prices fall as worries about the Bank of England (BoE) having to raise its rates further increase.

The upper boundary of . . . → Read More: Indices Continue to Rally Despite ECB’s Eighth Consecutive Rate Hike

US Dollar, Japanese Yen, USD/JPY, BOJ – Talking Points: BOJ kept ultra-loose policy settings unchanged, in line with expectations. ?USD/JPY rose slightly in reaction to status quo on policy. What is the outlook for USD/JPY and what are the signposts to watch?

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Wall Street looks set to deliver its fifth consecutive week of gains, pushing ahead with another round of stellar gains overnight (DJIA +1.26%; S&P 500 +1.22%; Nasdaq +1.15%). Considering that the Fed is . . . → Read More: Asia Day Ahead: Lingering Market Doubts on Fed’s Hawkish Guidance

EURO FORECAST: EUR/USD jumps following the European Central Bank’s policy decision, recapturing a major trendline. Meanwhile, EUR/JPY soars to its highest level in nearly 15 years The ECB raised interest rates by 25 basis points and revised higher its inflation projections, signaling more tightening is on the horizon Euro’s technical bias is turning more . . . → Read More: EUR/USD Skyrockets After ECB Decision, EUR/JPY Flies to 15-Year Highs

JAPANESE YEN FORECAST: USD/JPY rises modestly following the Fed’s decision on Wednesday Attention now turns to Bank of Japan’s monetary policy announcement BoJ is expected to keep its ultra-loose stance unchanged, creating additional headwinds for the Japanese yen

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S&P 500 News and Analysis

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Is Extreme Greed Setting in as the Fed Warns of Upside Risks to Inflation?

When looking at the VIX index, otherwise known as the fear . . . → Read More: S&P 500 Reignites Bullish Momentum After FOMC Price Discovery

US Dollar (DXY) Price, Chart, and Analysis Summary of Economic Suggestions (SEP) see terminal rate raised by 50 basis points. Markets push back against the Federal Reserve.

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Higher for Longer Rate Outlook as Takeaway from FOMC . . . → Read More: US Dollar Update: US Rate Hikes Paused, Markets Challenge the Fed’s View

EUR/USD ANALYSIS ECB revisions help bolster bullish market reaction. US retail sales unable to deter EUR. Euro rallies to levels last seen in mid-May.

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EURO FUNDAMENTAL BACKDROP

The euro has pushed higher on the . . . → Read More: EUR Breaking News: ECB hikes by 25bps, Euro Firms on Revised Inflation

Gold Price (XAU/USD) Analysis and Chart

• Gold prices have fallen since the Fed’s call

• The market still has higher interest rates on its mind, and not only in the US

• Still, it may have suffered enough for the short term.

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Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts

???Dow pulls back from weekly high

?The Fed meeting saw the index retreat from the highs hit earlier in the week. An initial bounce after the decision has faded, and a further retracement is in . . . → Read More: Dow and CAC40 Drop Back from Weekly Highs but Nasdaq 100 Holds up Well

ECB PREVIEW KEY POINTS:

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READ MORE: Fed Pauses for Now but Signals Higher Peak Rate, Gold Prices Shift . . . → Read More: European Central Bank (ECB) Preview: Euro Bulls Look to ECB to Reignite Flame

CRUDE OIL ANALYSIS & TALKING POINTS Slowdown in Chinese data weighs on crude oil. US retail sales to come later today. Further downside is possible after key technical break.

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CRUDE OIL FUNDAMENTAL BACKDROP

Crude . . . → Read More: Crude Oil Prices Stifled by Chinese Economic Data & Stronger USD

Market Recap

The conclusion of the June meeting has seen the Federal Reserve (Fed) keeping rates on hold at 5.00%-5.25% in a widely-anticipated move, but there is less conviction for markets that today’s move will mark the end of its tightening campaign.

A hawkish takeaway came from the Federal Open Market Committee (FOMC) dot . . . → Read More: High-for-longer rate outlook as takeaway from FOMC meeting: Gold, Copper, US dollar

New Zealand Dollar, NZD/USD, US Dollar RBNZ, FOMC, Fed, Powell, NZX50 Index – Talking Points The New Zealand Dollar lost ground after GDP data disappointed Growth for the first quarter met expectations but there were some downward revisions The RBNZ might sit on policy, but the Fed may move again. Will that hit NZD/USD? . . . → Read More: New Zealand Dollar Dips on Soft GDP Data. Where to for NZD/USD?

US DOLLAR OUTLOOK: U.S. dollar ended the day lower despite the Fed’s hawkish monetary policy outlook The FOMC held rates steady at the end of its June meeting, but signaled the tightening cycle is not over The U.S. dollar’s bearish reaction suggests markets are skeptical of the Fed’s plans to resume hiking later this . . . → Read More: US Dollar Falls Despite Hawkish Fed amid Skepticism of Higher Peak Rate Plans

FOMC DECISION KEY POINTS: The Fed holds its benchmark rate unchanged at 5.00%-5.25% at the end of its June meeting, in line with expectations Policymakers signal a higher peak rate than envisioned in March, meaning the hiking cycle is not over despite today’s pause Gold prices erase session gains after the FOMC announcement crosses . . . → Read More: Fed Pauses for Now but Signals Higher Peak Rate, Gold Prices Shift into Reverse

Gold Price (XAU/USD) Analysis, Price, and Chart Gold is respecting short-term support ahead of the Fed. Quarterly Economic Projections will be key going forward.

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For all market-moving data releases and events, see the DailyFX Economic . . . → Read More: Gold Price (XAU/USD) Latest – It’s All About The Federal Reserve

Gold, XAU/USD, US CPI, FOMC, Fed, Treasury Yields, US Dollar, – Talking Points The gold price slid on the back of US CPI data lifting Treasury yields While the direction of CPI is improving, there might be more work to do Fed language later today will be scrutinised for hints on future rate . . . → Read More: Gold Price Peels Lower Despite Soft US Dollar Ahead of the Fed. Lower XAU/USD?

US DOLLAR FORECAST: U.S. dollar, as measured by the DXY index, slides as traders await critical FOMC decision May U.S. inflation data has increased the probability of a Fed pause in the June meeting, but the tightening cycle may not yet be over Policymakers’ guidance and macroeconomic projections will help set the US . . . → Read More: US Dollar Drips Lower Ahead of Key Fed Decision, Levels to Watch on DXY

S&P 500 OUTLOOK: The S&P 500 breaks out on the topside, reaching its best level since April 2022 following softer-than-expected U.S. inflation data May U.S. headline CPI clocks in at 4.0% y-o-y versus a market estimate of 4.1% y-o-y Softening price pressures may nudge the Fed to hold interest rates steady tomorrow

. . . → Read More: S&P 500 Forecast: Bulls Energized after US CPI. Will the Fed Play Spoiler?

Copper News and Analysis China lowers short-term lending rates to support economic recovery Industrial metals like copper benefitted from a lift in sentiment as prices rose FOMC remains the most impactful item on the economic calendar this week The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Copper Rebound Gains Pace After the PBoC Lowered Chinese Borrowing Costs

US CPI KEY POINTS:

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US headline inflation YoY in May declined to 4% beating estimates around 4.1% . . . → Read More: US Inflation YoY Declines to 2-Year Lows but Core CPI Remains Sticky, DXY Edges Lower

US DOLLAR FORECAST U.S. dollar gains ahead of a major U.S. inflation report on Tuesday CPI data may help guide the Fed’s policy outlook for 2023 This article looks at key USD/JPY’s technical levels to watch in the coming sessions

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S&P 500 Analysis S&P 500 enters into a technical recession despite tightening financial conditions Average S&P 500 performance after bull market confirmation suggests positive returns for longer time horizons Price action tests the August 2022 high ahead of US CPI and FOMC The analysis in this article makes use of chart patterns and key . . . → Read More: S&P 500 Bull Market: What Does Historical Performance Suggests from Here?

GOLD PRICES FORECAST: Gold prices slide on Monday amid market anxiety ahead of high-impact events in the coming days The center of attention will be the U.S. inflation report and the Fed’s interest rate decision this week This article looks at key XAU/USD’s tech levels to watch in the near term

. . . → Read More: Gold Prices on Shaky Ground ahead of US Inflation Data and Key Fed Decision

Oil Prices, Charts, and Analysis

Oil slips as recession fears continue to grow. Oil price heads lower despite recent Saudi production cut.

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The recent Saudi oil production cut of one million barrels a day has . . . → Read More: Oil Continues its Post-OPEC+ Slide, Multi-Week Lows in Sight

GBP/USD Prices, Analysis, and Charts

• GBP/USD gained in European trade

• The week offers plentiful central bank policy decisions, with the Fed out front

• One BoE rate setter warned higher rates can’t be ruled out on Monday

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Global equity markets rose to a 13-month high on improving sentiment following the recent suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest rates are peaking.

The . . . → Read More: Markets Week Ahead: S&P 500, Gold, USD; Fed, ECB, BoJ, Germany ZEW, UK & Australia Jobs, US CPI, China Retail Sales

CRUDE OIL ANALYSIS & TALKING POINTS Global economic growth and USD variables play tug of war with oil markets. US CPI and FOMC the focal points for the week ahead. Crude oil prices anticipate fundamental guidance.

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Get My . . . → Read More: Crude Oil Prices Look to US Data for Guidance as OPEC News Fades

GOLD PRICE, CHARTS AND ANALYSIS:

GOLD FORECAST: NEUTRAL

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READ MORE: Bank of Canada Comes Out Swinging with 25bps . . . → Read More: Gold Weekly Forecast: Gold (XAU/USD0 Prices Delicately Poised Heading into Blockbuster Week

GBP/USD Prices, Charts, and Analysis

Sterling bolstered by rate hike expectations. Key economic data and events next week will drive GBP/USD and EUR/GBP.

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The British Pound is closing a positive week on the front foot, . . . → Read More: British Pound Latest – GBP/USD and EUR/GBP Highlight Sterling’s Strength

Gold Price (XAU/USD) Analysis, Price, and Chart Gold remains supported despite higher US Treasury yields. US inflation and the FOMC policy decision are next week’s main drivers.

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For all market-moving data releases and events, see . . . → Read More: Gold Price Latest – Support Continues to Build Ahead of a Pivotal Week

USD/CAD News and Analysis US jobs indicator signals early signs of stress, CAD rides positive momentum after BoC hike Bearish momentum accelerates as CAD continues positive momentum – ‘death cross’ and major support will be tested Week ahead: FOMC (summary of economic projections) , ECB, US inflation The analysis in this article makes . . . → Read More: USD/CAD Price Outlook: USD/CAD Tests Major Support as USD Eases

USD/JPY PRICES, CHARTS AND ANALYSIS:

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Most Read: Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPY

The Yen faced selling pressure following the European open this morning as reports circulated that the Bank of Japan (BoJ) still . . . → Read More: USD/JPY Price Forecast: Yen Slides as BoJ Sees Little Need to Tweak YCC in June

Article written by IG Senior Market Analyst Axel Rudolph

FTSE 100, DAX 40 and S&P 500 Analysis, Prices, and Charts

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. . . → Read More: Outlook on FTSE 100, DAX 40 and S&P 500 Ahead of Next Week’s Central Bank Meetings.

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From December 19th, 2022, this website is no longer intended for residents of the United States.

Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm

By selecting the box below, you are confirming that you are not a . . . → Read More: USD Price Forecast: DXY Holds its Breath Ahead of Big Data Week

New Zealand Dollar Vs US Dollar, Australian Dollar, Euro – Outlook: NZD/USD has been supported by an improvement in risk appetite recently. EUR/NZD rally looks tired. Does the AUD/NZD rally have legs from a medium-term perspective?

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The . . . → Read More: New Zealand Dollar Boosted by Low Volatility; What’s Next for NZD/USD, AUD/NZD, EUR/NZD?

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The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims, which reflected a pull-ahead in initial claims reading to its highest since October . . . → Read More: Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory

Crude Oil, OPEC+, WTI, US Dollar, IRAN – US DEAL, China – Talking Points Crude oil saw notable intraday volatility but ended near where it started overnight A deal between the US and Iran could see more production to compensate for OPEC+ cuts The US and Chinese economies might hold the key for . . . → Read More: Crude Oil Price Bounces Around but is Unable to Break the Range. Where to for WTI?

Gold, XAU/USD, US Dollar, Jobless Claims, Technical Analysis – Asia-Pacific Briefing: Gold prices rallied on Thursday as the US Dollar weakened Unexpected rise in US jobless claims dented Treasury yields XAU/USD Bullish Engulfing in focus as prices test support

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Get Your Free Gold Forecast . . . → Read More: Gold Rallies as US Dollar Sinks on Jobless Claims Surge, XAU/USD Eyes Bullish Engulfing

USD/CAD TECHNICAL OUTLOOK: The Canadian dollar has strengthened significantly against the U.S. dollar since late May Bank of Canada’s hawkish stance may reinforce recent FX dynamics USD/CAD may head lower if the Fed sticks to the script and doesn’t surprise markets

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Get Your Free USD . . . → Read More: Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler

SILVER PRICES FORECAST: Silver prices rally more than 3.5% after a subdued performance in the previous trading session The precious metal’s gains can be attributed to U.S. dollar weakness and falling Treasury yields This article looks at key XAG/USD’s technical levels worth watching in the coming days

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. . . → Read More: Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed

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From December 19th, 2022, this website is no longer intended for residents of the United States.

Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm

By selecting the box below, you are confirming that you are not a . . . → Read More: USD/JPY Price Forecast: Yen Bid on Japanese GDP & US Jobless Claims

US Dollar (DXY) Price, Chart, and Analysis FOMC rate decision is key for the dollar. US Treasury yields remain elevated as supply looms.

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The US dollar is stuck in a short-term sideways pattern with the . . . → Read More: US Dollar Update: Key Data and Events Next Week Will Steer the Greenback

Euro Setups: (EUR/USD, EUR/GBP, EUR/JPY) Revised data confirms technical recession in Europe provided there are no upward revisions to the Q1 figure EUR/USD: Sharp sell-off meets shorter-term support EUR/GBP: Prior pivot points guide bearish continuation/bullish pullback scenarios EUR/JPY: Bounces off support with year-to-date high in sight The analysis in this article makes use of . . . → Read More: EU Enters Recession: EUR/USD, EUR/GBP and EUR/JPY Price Setups

GOLD (XAU/USD) PRICE FORECAST:

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READ MORE: Bank of Canada Comes Out Swinging with 25bps Hike, USD/CAD Slides

Gold prices fell around $30 from its high during yesterday’s US session as a surprise hike by the Bank . . . → Read More: Gold Prices at Risk of Freefall Below the 100-Day MA

Article written by IG Chief Market Analyst Chris Beauchamp

Dow Jones, Nasdaq 100, CAC40 Analysis and Charts

???Dow makes headway in early trading

?The price has managed to rise over the past two days, moving back above the 50-day SMA, bolstered in part by a recovery in oil stocks.

?Gains faltered in early . . . → Read More: Dow and CAC40 Move up, but Nasdaq 100 Struggles

Crude Oil, OPEC+, WTI, US Dollar, VIX, RBOB, OVX Index – Talking Points Crude oil appears rudderless going into the Thursday session The OPEC+ lollipop has been devoured by markets as it settles in the range The underlying structure of the market seems to reaffirm a range trade for now

. . . → Read More: Crude Oil Outlook Muddied by Interference and Low Vol. Where to for WTI?

Dow Jones, Nasdaq 100, Bond Yields, Technical Analysis – Asia-Pacific Briefing: Dow Jones gains as Nasdaq 100 sinks amid rising bond yields This follows unexpected rate hikes from the RBA and the BoC Sentiment may turn pessimistic during Thursday Asia trade

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Get Your Free . . . → Read More: Dow Jones Gains, Nasdaq 100 Sinks as Major Bond Yields Soar Amid Surprise Rate Hikes

GOLD AND SILVER FORECAST: Gold and silver prices slide as U.S. yields surge across the Treasury curve Non-yielding precious metals tend to perform poorly when higher nominal rates boost returns on competing assets, such as government bonds This article looks at key XAU/USD’s levels to watch in the coming trading sessions

. . . → Read More: Gold and Silver Prices in Peril as Yields Surge, Technical Setup on XAU/USD

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US DOLLAR ANALYSIS

The U.S. dollar, as measured by the DXY index, was modestly lower on Wednesday, down about 0.05% to 104.06, despite rising U.S. Treasury yields. Bond rates moved sharply higher across the curve . . . → Read More: USD Wobbles but Outlook Brightens, EUR/USD & USD/JPY Embark on Divergent Trends

BoC RATE DECISION KEY POINTS: 25bps Hike by the Bank of Canada as Excess Demand Looks More Persistent Than Anticipated. Underlying Inflation Remains a Concern as Evidenced by the Data in April. BoC Statement Did Remove the Language About How the Central Bank is Prepared to Raise Rates Further if Needed. To Learn . . . → Read More: Bank of Canada Comes Out Swinging with 25bps Hike, USD/CAD Slides

Crude Oil, OPEC+, WTI, US Dollar, Saudi Arabia, API, EIA, Bollinger Bands – Talking Points Crude oil leapt on OPEC+ cuts with a volatility blowout It soon retreated and has settled back inside the range Inventory data appears to be holding centre stage for now. Will it lift WTI?

. . . → Read More: Crude Oil Price Skittled as Market Swallows OPEC+ Cuts. Is WTI Rangebound?

GOLD PRICES OUTLOOK: Gold prices extend their rebound after encountering support at the lower limit of a medium-term ascending channel Gold’s technical profile remains constructive, but the fundamental outlook is becoming less benign This article looks at XAU/USD’s key levels to watch in the coming trading sessions

Recommended by Diego Colman . . . → Read More: Gold Price Forecast: Channel Support Holds for Now but Bearish Risks Still Present

The Bank of Canada is the central bank of Canada, responsible for overseeing the country’s monetary policy and promoting the economic and financial welfare of Canadians. Here is a brief history and mandate of the Bank of Canada:

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. . . → Read More: The Bank of Canada: A Trader’s Guide

EUR/USD AND USD/CAD FORECAST: EUR/USD slides on disappointing economic data from Europe USD/CAD continues to carve out a bearish double-top pattern This article looks at key EUR/USD and USD/CAD’s levels to watch in the coming days

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. . . → Read More: EUR/USD Tepid Amid Market Consolidation, USD/CAD Forges Bearish Double Top

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From December 19th, 2022, this website is no longer intended for residents of the United States.

Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm

By selecting the box below, you are confirming that you are not a . . . → Read More: USD Price Forecast: DXY Resistance Re-Test

Canadian Dollar, USD/CAD, OPEC Cuts? Technical Analysis – Asia-Pacific Briefing: Canadian Dollar weakens despite Saudi Arabia oil production cuts Failure of broader OPEC+ coordination meant WTI filled the gap Slowing global growth may keep oil prices pressured for time being

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Get Your Free Oil . . . → Read More: Canadian Dollar to Look Past Saudi Arabia Oil Cuts as WTI Fills a 4% Gap Within a Day

S&P 500 FORECAST: S&P 500 rises at the start of the week, reaching its best levels since August 2022 Technicals remain positive, but caution is warranted The index’s proximity to a key resistance area and its overbought condition may pave the way for a pullback in the near term

Recommended by . . . → Read More: S&P 500 at 9-Months Highs as Bulls Assert Dominance but Downside Risks Build