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USD Price Action: US Dollar Rallies to Sept High, Focus Shifts to the Fed

US DOLLAR TALKING POINTS: The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Next week brings the September FOMC rate decision and it’s a quarterly meeting, which means we’ll get updated projections and forecasts. The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.   The US

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British Pound Slips After Data, Still Tied to Range. Can GBP/USD Break Out Ahead of FOMC?

BRITISH POUND, GBP/USD, US DOLLAR, ENERGY, COMMODITIES - TALKING POINTS The British Pound weakened after data but managed to hold some levels Energy commodities calmed down today, as did most asset classes in Asia With FOMC next week, is this a quiet before the price wrecking storm?   The Great British Pound moved lower after US and domestic data today. Energy commodities took a breather in the Asian session, as did most equity, bond and currency markets.

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US Dollar Spikes on Stellar Retail Sales, Gold Breaks Down to Key Support

US Dollar Analysis & News USD Surge Following Retail Sales, Hawkish Fed Up Next? Stellar US Retail Sales USD Surge Following Retail Sales, Hawkish Fed Up Next? A stellar retail sales report takes the USD to fresh session highs and raises the probability of a more hawkish Fed at next week’s meeting. A beat across the board in the data where consensus had been looking for a contraction or flat. Now while the prior readings were revised lower, this has been shrugged

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British Pound (GBP) Price Outlook: GBP/USD Edging Lower But Range Holds

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is edging lower in early European trade Thursday but remains within the range between just over 1.39 and just under 1.38 that has contained price action for the past week. News of an extensive Cabinet reshuffle by UK Prime Minister Boris Johnson has had little impact on GBP. GBP/USD EASES BACK GBP/USD is slipping back modestly Thursday, with small losses recorded in Asian trade continuing into the European session. However, it rem

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Canadian Dollar Latest: CPI Higher, CAD Faces Upside Risks

Canadian Dollar Analysis & News Canadian Inflation Continues to Edge High – BoC Vigilant Upside Risks to CAD as Oil Edges Higher Canadian Inflation Continues to Edge High – BoC Vigilant Canadian Inflation data printed above expectations on both the monthly and yearly rates at 0.2% (vs 0.1%) and 4.1% (vs 3.9%) respectively. Meanwhile, the BoC’s preferred measure (average of median, trim and common CPI) rose to 2.56% from 2.46%. Unlike the Fed, the BoC are seemingl

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British Pound (GBP) Price Outlook: GBP/USD Advancing After UK Inflation Data

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is climbing after UK inflation data for August showed the highest jump on record. Combined with Tuesday’s strong UK employment numbers, the inflation figures will add to the pressures on the Bank of England to taper its stimulus program and therefore to upwards pressure on GBP. GBP/USD RALLYING AFTER STRONG UK INFLATION DATA GBP/USD is edging higher again after UK inflation numbers for August showed a surge in the headline rate,

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British Pound (GBP) Price Outlook: GBP/USD Benefiting From UK Jobs Data

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is gaining ground after a strong set of UK labor-market figures that have again focused attention on the Bank of England’s policymakers and whether some will be persuaded that UK monetary policy should be tightened sooner than they previously expected. Job vacancies rose above one million for the first time since records began as the UK economy continues to recover from the Covid-19 pandemic, while payrolls rose by more than economists had predi

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Australian Dollar Sinks on RBA Outlook, Crude Oil Gains on Storm Upgrade. Markets Eye US CPI.

CRUDE OIL, NATURAL GAS, NIKKEI 225, AUD/USD, RBA, US CPI - TALKING POINTS WTI crude oil prices found support after a storm upgrade to Hurricane Nicholas APAC equities mainly moved sideways but Japan’s Nikkei 225 made a new high US CPI ahead. An outlier may see the Fed being forced to reassess conditions Crude oil and liquid natural gas prices continued to be supported through the Asian session as the tropical storm approaching the Texas Gulf Coast was upgraded to “H

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DAX 30, S&P 500 Update: Bearish Pressure Builds but Equities Remain Resilient For Now

KEY TALKING POINTS: Bears break lower but struggle to keep the momentum going DAX 30 and S&P key levels to watch   Stocks made a decisive move lower last week which started to set the stage for a wider correction but the move so far this week seems to be rejecting further pullbacks. The moves last week coincided with warnings from major banks about the limited performance of stocks in the coming years, as well as downgrades to their forecasts for US GDP after the

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The Week Ahead On The Markets

Week commencing 13 September Joshua Mahony’s insight A busy week on the economic front, with US and UK inflation providing key updates for central bankers to consider. Meanwhile, jobs will also be a key concern, as UK and Australia prepare to release their latest employment number. The corporate calendar looks to be slowing down, with just a handful of names to consider. In the UK, the likes of Associated British Foods, Ocado

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Australian Dollar Forecast: Remaining Bearish on AUD Rallies

AUD/USD Analysis & News Risk Trends Dictating Direction for FX Bearish on AUD Rallies RISK TRENDS DICTATING DIRECTION FOR FX A relatively tame session thus far across the FX space, which continues to lack notable direction. For currency markets, given that there is little to get excited about on the economic calendar, the focus will remain on risk sentiment for guidance. The Japanese Yen is on the back foot as we close out the week, with equities and yields findin

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Dividend Adjustments 13th September 2021 - 20th September 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th September 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be pos

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Breaking: ECB to Slow PEPP Purchase Pace, EUR/USD and Bund Yields Muted

EUR/USD, ECB Price Analysis & News: ECB Slows PEPP Purchases as Expected. Euro Muted Following Expected Decision. ECB Slows PEPP Purchases as Expected The ECB announced that they will slow the pace of PEPP purchases from the current EUR 80bln/month with the change being called a “moderately” slower pace. A reminder, that this is an alteration of the prior guidance of “significantly higher pace” of purchases used over the past two quarters. Details are on the light

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Euro Setup: EUR/USD, EUR/GBP Ahead of ECB

Key Talking Points: All eyes on ECB as ultra-dovish policy continuity in question Key levels for EUR/USD and EUR/GBP The ECB will conclude its monetary policy meeting today and there is a bit of mixed emotions in the market this morning as recent comments from policy members have sparked some belief that the bank may be more hawkish than originally expected. The bank has kept an ultra-loose monetary policy since the pandemic began and ha

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