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USD/JPY: Japanese authorities may intervene somewhere in the 153.00-155.00 range – ING
Speculation over Japanese FX intervention remains high. Economists at ING analyze the USD/JPY outlook after the pair touched a multi-decade high near 152.00 on Wednesday. Higher US rates and low volatility weigh We suspect Japanese authorities would pull the trigger were USD/JPY to burst through the
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XAU/USD 28 March 2024 Intraday Analysis
#XAU/USD# H4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently tradi
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Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ
The timing and pace of the Fed’s rate cuts are long-term drivers for Gold, strategists at ANZ Bank say. The FOMC needs more confidence that inflation is returning to 2% before considering cuts Currently, the FOMC needs more confidence that inflation is returning to 2% before considering cuts. We bel
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German Ifo Business Confidence Improves In March
German business confidence improved in March, reports said citing survey results from the ifo Institute on Friday. The business sentiment index rose more-than-expected to 87.8 in March. The score was forecast to climb to 86.0 from February's initially estimated value of 85.5. Assessment of current s
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EUR/USD hovers around 1.0860 ahead of Fed's Powell speech
EUR/USD hovers around 1.0860 amid the firmer USD in Friday’s early Asian session. The US S&P Global Composite PMI came in at 52.2 in March vs. 52.5 prior. The Eurozone HCOB Manufacturing PMI arrived at 45.7 in March vs. 46.5 prior, a three-month low. The EUR/USD pair retreats to the 1.0860 area
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AUD/USD remains firm amidst strong USD, following major central bank decisions
AUD/USD recovers to 0.6571 after dipping, despite central bank actions. BoJ hikes, SNB cuts rates, and other central banks are steady. Mixed US data: manufacturing up, services, and composite PMIs down. Market eyes June Fed cut, post-steady rate projections. The Australian Dollar (AUD) tumbled again
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Fed wants to see more tame inflation numbers prior to making any commitment on rate cuts
USD: Mar '24 is Up at 103.150. Energies: Apr '24 Crude is Down at 80.97. Financials: The June '24 30 Year T-Bond is Up 20 ticks and trading at 119.14. Indices: The Mar '24 S&P 500 emini ES contract is 77 ticks Higher and trading at 5306.00. Gold: The Apr'24 Gold contract is trading Up at 2208.40
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