Analysis
Gold Price Rebounds Ahead of FOMC Meeting
In the lead-up to pivotal interest rate decisions by the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA), global financial markets are exhibiting signs of stability. The U.S. Dollar Index (DXY) is maintaining its position above the 103.50 threshold, bolstered by last week's Producer Price Index (PPI) figures that have steered market sentiment towards expectations of a more hawkish Fed
PU Prime
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54 minutes ago
The RBA cash rate is likely to remain unchanged. However, the RBA's rhetoric may add volatility to the Australian dollar
The Reserve Bank of Australia's key rate is at 4.35%—its highest level in 12 years.
The high top rate limits economic growth, increases credit card debt, and shrinks new and refinanced house credits.
The market does not expect rates to decrease but will wait for comments on further monetary policy after the RBA meeting.
OctaFX
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1h 5min ago
What to expect from the upcoming BOJ interest rate announcement: possible scenarios for the USD/JPY exchange rate
On 19 March 2024, the Bank of Japan may raise the interest rate from -0.10 to positive for the first time in eight years, which will strongly affect the quotes of the USD/JPY currency pair.
OctaFX
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1h 5min ago
Bank of Japan Preview: will the BOJ end negative interest rates?
The Bank of Japan meets on Tuesday 19th of March. We preview what to expect from the BOJ decision and how it might impact the USD/JPY and Nikkei 225.
Capital.com
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16h 58min ago
Daily Global Market Update
In recent sessions, major currency pairs exhibited sideways movement with varied signals from technical indicators. Meanwhile, global financial headlines highlight the Bank of Japan's potential policy shift, Volkswagen's delivery challenges, and US stock declines amid rate speculation. Today's economic calendar includes key releases from the US, UK, Austria, and Eurozone.
Moneta Markets
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21h 36min ago
XAUUSD Hits All-Time Highs, but How Long Will the Rally Last?
As part of my comprehensive analysis for the 2024 gold market, I’ve maintained a constructive outlook on XAU, suggesting the possibility of reaching new highs in the latter half of 2024 and extending into 2025.
ACY Securities
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21h 53min ago
Will the BoJ Finally Raise Rates Following Last Week's Rise in Inflation?
As we delve into the intricate world of monetary policy and its implications, I’ve closely monitored the recent moves and potential future strategies of the Bank of Japan (BoJ). The BoJ's current stance on monetary easing policies carries significant weight in shaping market expectations and influencing yield dynamics, particularly in the Japanese Government Bond (JGB) market.
ACY Securities
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21h 55min ago
Dollar Extends Gains into FOMC Meet; Gold, Metals Tumble
Gold prices slumped anew to USD 2,155 per ounce from USD 2,163 on Friday, and USD 2,184 a week ago, boosting the US Dollar up against its Rivals.
ACY Securities
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21h 56min ago
Central banks overview: investors are poised for an eventful week ahead
Next week, five central banks—the Bank of Japan (BOJ), the Reserve Bank of Australia (RBA), the U.S. Federal Reserve (Fed), the Swiss National Bank (SNB), and the Bank of England (BOE) will declare their verdict on interest rates in the space of less than 72 hours.
OctaFX
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23h 7min ago
AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns
The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark.
RoboForex
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23h 45min ago
All Eye on BoJ Interest Rate Decision
All eyes are particularly focused on the BoJ, where there is anticipation for the possibility of the first rate hike in decades.
PU Prime
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1 day ago
Oil seeks to accelerate growth
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil seeks to accelerate growth
FxPro
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3 days ago
Dollar recovers, equities stall after US data releases
Dollar stages comeback as US data fuels speculation of fewer Fed cuts - Stocks and Bitcoin take a step back, oil climbs after Ukraine drone attacks - Yen traders play the guessing game ahead of next week’s rate decision
XM Group
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3 days ago
Is USD/CAD poised for another bullish round?
USDCAD brings key resistance in focus after rebound. Technical signals are encouraging, but a bullish outlook expected above 1.3600.
XM Group
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3 days ago
Yen Weakens Despite Japan's Deflation Exit
The USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data.
RoboForex
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3 days ago
Bitcoin could correct to $60K
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin could correct to $60K
FxPro
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3 days ago
Daily Global Market Update
Pound dips, Bitcoin falls, Oil rises, Aussie drops. North Korean hackers launder $12M in Ether. China keeps key rate. Economic data from France, Japan, US, Finland, UK.
Moneta Markets
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3 days ago
AUDUSD waits for direction after bullish break
AUDUSD squeezed between key levels. Traders are indecisive ahead of US retail sales data due at 12:30 GMT.
XM Group
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4 days ago
US PPI and retail sales data enter the limelight
After hot CPI inflation, dollar awaits PPI and retail sales data - Yen on the back foot as BoJ March hike bets decrease - S&P 500 and Nasdaq pull back, gold rebounds
XM Group
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4 days ago
Canadian Dollar Seeks Opportunities for Growth
The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen.
RoboForex
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4 days ago