A lot has changed in the last 24 hours as Powell opened the door to a 50 bps hike, sending US yields and the dollar higher. How are currencies shaping up in the aftermath?
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Gold Price Forecast: $1800 Back in Focus as Price Consolidates Following Selloff
Spot gold remains above the 100 and 200-day MAs despite yesterday’s selloff. $1800 holds the key for a change in the technical outlook.
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Euro Latest: Euro Area Growth Flatlines, EUR/USD Dancing to Powell’s Tune
The Euro Area recorded no growth in Q4, according to the latest Eurostat data, in line with analysts’ forecasts. EUR/USD unchanged after Tuesday’s Powell inspired heavy sell off.
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British Pound (GBP) Forecast: Fading Risk Sentiment Knocks Back Sterling
GBP/USD is at the mercy of US economic data carrying over from yesterday testimony by Fed Chair Jerome Powell.
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Crude Oil Prices Sink the Most in 2 Months, Eyes on Key Economic Data Next
Crude oil prices sank the most in 2 months after testimony from Fed Chair Jerome Powell. Ahead, WTI is eyeing DOE oil inventory data and JOLST job openings. Where to?
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