MARKET NEWS
Feb 06, 2024
Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000
Gold prices took the prospect of higher US rates for longer as poorly as you might expect, but geopolitics have limited their falls
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Feb 06, 2024
British Pound Bounces at Key Support, Fed Speakers Likely To Dominate Trade
GBP/USD is like all other major pairs focused on the extent to which the Fed will underwrite the markets’ new rate-cut views
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Feb 06, 2024
Dow Edges Lower and Nasdaq 100 Holds up, While Hang Seng Surges​
​​US markets are little-changed, but in China indices have been rallying hard on more promises of state support for stocks. ​
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Feb 06, 2024
RBA Holds Rates, Issues Hawkish Guidance in Response to Inflation Risks
AUD/USD witnessed broad-based gains after the RBA failed to rule out another rate hike in efforts to contain inflation
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Feb 05, 2024
US Dollar Forecast: USD/JPY Attacks Resistance as EUR/USD & GBP/USD Break Down
In this article, we delve deep into the fundamental and technical outlook of the U.S. dollar, with a special emphasis on USD/JPY, EUR/USD, and GBP/USD. Additionally, we highlight critical price levels on these pairs for the upcoming trading sessions.
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Feb 05, 2024
Gold Prices Fall in Response to Rising Yields, USD Post-FOMC
Gold prices fell with greater momentum at the start of what is meant to be a quiet week on the economic calendar front. US yields and the dollar continued to rise after NFP
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Feb 05, 2024
EURUSD Wilts Again On Stronger Dollar, German Trade Misses Don't Help
The Euro was already under pressure against the Dollar thanks to a storming US labor market. More evidence of Germany’s economic woes only added to it
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Feb 05, 2024
Crude Oil Prices Sink On Strong Dollar As Fed-Cut Bets Are Off
The US benchmark is closing back in on December’s lows despite a US jobs report which doesn’t exactly look awful for energy demand
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Feb 05, 2024
FTSE 100, DAX 40 side-lined while S&P 500 trades in record highs
Outlook on FTSE 100, CAC 40 and S&P 500 as major company earnings by the ‘magnificent seven’ are out of the way.
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Feb 05, 2024
AUD, ASX 200 Weighed Down by Worsening Chinese Sentiment
The Aussie dollar was unable to recover lost ground from Friday’s NFP print while the local index also took a turn for the worse as beleaguered Chinese stocks fell further
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