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US July CPI Preview: Inflation data unlikely to change Fed tapering expectations

Annual CPI inflation is expected to decline slightly in July. Fed is unlikely to renounce hawkish policy shift on single CPI print. EUR/USD could target fresh 2021 lows amid broad-based USD strength.   Inflation in the United States, as measured by the Consumer Price Index (CPI), is expected to edge lower to 5.3% on a yearly basis in July from the 13-year-high registered at 5.4% in June. The annual Core CPI, which excludes volatile food and energy prices, is forecast

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Dollar Advance Loses Post-NFP Tempo but Rate, Taper-Talk Stirring

S&P 500, GOLD, DOLLAR AND EURUSD TALKING POINTS Summer trading conditions are still steering the markets broadly with the likes of the S&P 500 carving out a very restrained tempo – though running an extended advance Thin markets can cap activity, but it can also exaggerate volatility significantly as with gold’s supposed Monday flash crash The Dollar is on the cusp of a technical break out (breakdown for EURUSD) and rate speculation has accelerated, but can it overcom

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Gold Prices May Break 2021 Floor as Fed Policy Speculation Heats Up

GOLD PRICE OUTLOOK: Gold prices plunge as July’s US jobs data outperforms vs. expectations Fed stimulus withdrawal bets building with CPI, Jackson Hole in view Breaking 2021 floor might set the stage for testing the $1600/oz figure Gold prices plunged after July’s stronger-than-expected US jobs report stoked Fed stimulus withdrawal bets. The US Dollar traded broadly higher and Treasury bond yields rose, tarnishing the appeal of the non-interest-bearing, perennially anti-

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US Dollar Outlook: NFP Report Set to Sway Fed Taper Timeline

US DOLLAR AWAITS NONFARM PAYROLLS DATA, FED TAPER TIMELINE US Dollar front and center with volatility set to accelerate around NFP data due Friday The DXY Index has been coiling between its 20-day and 50-day simple moving averages USD price action to strengthen if nonfarm payrolls top forecast and fuel Fed taper risk Check out the DailyFX Real Time News page for breaking market news and analysis   The US Dollar was mixed across the board of major curren

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Dividend Adjustments 9th August 2021- 16th August 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th August 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjus

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Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed

GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS Gold prices took hit after Fed’s Clarida fueled tightening bets Friday’s non-farm payrolls report likely vital to gold’s direction XAU/USD sees a possible Death Cross formation on the horizon Gold was on the run this week until it stumbled on a surge in the US Dollar. The Federal Reserve’s Vice Chairman, Richard Clarida, caused Fed rate hike bets to strengthen on Wednesday. Mr. Clarida’s commentary sug

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Australian Dollar at Risk on Delta Variant, China Tensions

AUSTRALIAN DOLLAR, DELTA VARIANT, CHINA, RBA - TALKING POINTS Cycle-sensitive Australian Dollar at risk as clouds of doubt brew over global recovery COVID-19 Delta variant may shake up markets as state-enforced lockdowns are imposed Rising Australia-China tension could compound medium-term bearish outlook for AUD The Australian Dollar may continue to fall against the haven-linked US Dollar and anti-risk Japanese Yen as fundamental risks continue to mount. AUD/USD an

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Crude Oil, Energy Stocks Sink on Fed Commentary. WTI at Risk on Technicals

CRUDE OIL, COVID-19, FED, IGCS, TECHNICAL ANALYSIS - TALKING POINTS: Growth-linked crude oil prices weakened alongside energy stocks on Wall Street Rising global Covid-19 cases, speech from Fed’s Clarida dented energy prices WTI at risk of developing bearish technical signals as retail traders go long WTI crude oil prices fell by the most in over 2 weeks on Wednesday, succumbing to f

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What’s next for Lloyds shares after solid earnings?

The UK’s third most valuable bank received stock target price upgrades from Credit Suisse, JPMorgan and UBS analysts. Lloyds Banking Group (LON: LLOY) shares have fallen 1.9% since reporting H1 results Nevertheless, a trio of research firms are now eyeing higher target prices The group reported a statutory profit before tax of £3.9 billion for the period, up from a loss of £0.6 billion It also reintroduced a ‘progressive and sustainable ordinary dividend policy’

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US Dollar at the Mercy of Economic Data, ADP Jobs Report in View

US DOLLAR, ADP EMPLOYMENT, FED, NFP, EUR/USD – TALKING POINTS: US Dollar little-changed since last week’s Fed-inspired selloff ADP jobs data eyed as preview of Friday’s official NFP release EUR/USD struggling to make good on bullish Wedge breakout   The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement, seemingly underscoring that move’s limited scope for follow-through. This is because the central bank

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British Pound (GBP) Price Outlook: GBP/USD Edging Higher Ahead of BoE

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is continuing its modest climb higher that began a fortnight ago, and could hit the psychologically important 1.40 level soon. That, though, is dependent on the Bank of England’s monetary policy committee sounding hawkish when it announces its latest decisions Thursday. GBP/USD WAITING FOR BANK OF ENGLAND GBP/USD continues to advance modestly, extending the rise that began on July 20 when the pair hit a recent low at 1.3572. The c

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Is the Tencent share price at current levels a buy?

The Tencent share price is off more than 40% from February’s highs due to regulatory headwinds, but is now the time to buy? Why is the Tencent share price under pressure in 2021 Tencent the Chinese tech giant sees its share price down more than 20% year (more than 40% down from February’s highs) to date as investors react to a regulatory crackdown furthered by media pressure. Chinese officials clamping down on major tech companies within the region has bee

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