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Forex Market

Gold Tests $4,000 Support as Dollar Hits Fresh 13-Month High: September Fed Hike Now 70% Priced

Key Takeaways Gold extends losing streak: Spot gold fell 0.5% to $4,090.72 per ounce after touching as low as $4,050.60 — approaching the critical $4,000 psychological level. Gold futures drop 1%: To $4,109.50 per ounce. Five losses in six sessions: Bullion is now suffering through three straight weekly declines. Dollar …

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European Stocks Flatline as AI Rout and Fed Hawkishness Deliver Double Blow: 50bps of U.S. Tightening Now Priced

Key Takeaways Directionless open: The Stoxx 600 was flat; Germany’s DAX fell 0.6%; France’s CAC 40 gained 0.1%; Italy’s MIB and FTSE 100 each declined 0.2%. Tech rout hangover: Tuesday’s sharp technology selloff dragged the regional benchmark to a more than one-week low — momentum has yet to recover. Valuation …

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Dollar Hits 1-Year High as Two Fed Hikes Now Priced: Yen Approaches 40-Year Low as Katayama Holds Emergency Talks With Bessent

Key Takeaways Dollar at 1-year peak: The DXY rose to 101.18 — its highest in over a year — driven by elevated Treasury yields and aggressive Fed repricing. October hike at 80% probability: CME FedWatch now assigns roughly 80% odds of a Fed move in October after last week’s hawkish …

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Euro Holds Steady Against Pound as UK Weakness Contrasts With Resilient Eurozone Growth

The euro remained broadly stable against the British pound on Tuesday after sharp moves in the previous session triggered by renewed political uncertainty in the United Kingdom. The currency pair steadied after the pound’s earlier rebound faded, with investors reassessing both political risks in the UK and economic trends across …

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British Pound Slides as UK Political Uncertainty and Strong US Economy Boosts Dollar

The British Pound weakened sharply against the US Dollar on Tuesday as investors reacted to political uncertainty in the United Kingdom and stronger-than-expected economic data from the United States. The currency fell more than 0.4%, extending recent losses as markets reassessed the outlook for both economies. The decline comes at …

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Dollar Hits 1-Year High as Two Fed Hikes Now Priced: Yen Approaches 40-Year Low as Katayama Holds Emergency Talks With Bessent

Key Takeaways Dollar at 1-year peak: The DXY rose to 101.18 — its highest in over a year — driven by elevated Treasury yields and aggressive Fed repricing. October hike at 80% probability: CME FedWatch now assigns roughly 80% odds of a Fed move in October after last week’s hawkish …

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European Stocks Slide 1% as Iran Peace Euphoria Evaporates and Higher-for-Longer Rate Fears Return: ECB’s Next Move in Focus

Key Takeaways Sharp open in red: The Stoxx 600 fell 1%, Germany’s DAX dropped 1.3%, France’s CAC 40 and Italy’s MIB each lost 1%, and London’s FTSE 100 slipped 0.7%. Peace deal euphoria fully faded: The initial optimism over the U.S.-Iran framework has given way to anxiety over the inflationary …

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Gold Plunges 2% as December Fed Hike Odds Hit 90%: Dollar Near 13-Month High Squeezes Bullion From Both Sides

Key Takeaways Gold falls sharply: Spot gold dropped 1.8% to $4,117.61 per ounce, while gold futures slipped 1.6% to $4,135.10 — reversing Monday’s 0.7% gain. Dollar near 13-month high: The DXY held near its strongest level since May 2025, making gold pricier for overseas buyers. December hike at 90%: Futures …

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