Category Archive: 4) FX Trends
Week Ahead: Is the Dollar’s Run since Mid-July Over?
The US
and China report July CPI figures in the coming days and they are likely moving
in opposite directions. Headline US CPI is likely to rise for the first time
since peaking in June 2022. China's CPI has been slowing and is likely to go negative
on a year-over-year basis. It finished last year at 1.8% and in June was
unchanged year-over-year. The divergence of policy is what is driving force of
the exchange rate, and the question is not...
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GBPUSD ending European session near highs. Short term bias shows buyers “in play”.
End of week technical view of the GBPUSD as the clock ticks to close for the trading week.
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US Jobs Report and OPEC Statement Featured Ahead of the Weekend
Overview: The
capital markets are calmer today but the US (and Canadian) jobs data stand in
the way of the weekend. While equity markets are firmer, the rise in yields
continues with new highs for the week being recorded today. European benchmark
yields are 2-3 bp higher and the US 10-year Treasury yield is approaching 4.20%.
Most of the large market in the Asia Pacific region advanced, but South Korea
and Taiwan where the superconductor...
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S&P 500 Technical Analysis
Here's a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
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EURUSD’s uptrend | Market Outlook with Exness
On this week's Market Outlook session with Exness, EURUSD's uptrend might continue after the completion of the current retracement around $1.09 depending on important upcoming data. Inflation in the eurozone has continued to drop and flash GDP while lukewarm has at least not been negative, with neither the eurozone generally nor Germany specifically in recession now by this measure.
It might be possible to see the dollar index taking a break in...
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USDCHF retests the 100 hour MA again, and finds willing buyers.
The 100 hour MA in the USDCHF is a key support/bias defining level. On the topside watch 50% midpoint on hourly at 0.8784.
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EURUSD continues to toy with the 100 day MA on the downside
The EURUSDs 100 day MA was briefly broken but could not sustain momentum. Remains a key barometer for both buyers and sellers.
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GBPUSD technicals are settling between 1.2600 below and 1.2700 above. Sellers in control.
The GBPUSD price is lower on the day, but there was a bounce off of targeted support area.
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Markets Remain Unsettled, Bonds and Stocks Retreat, Dollar Gains Ahead of BOE
Overview: The global
capital markets remain unsettled. The combination of the BOJ adjustment of its
monetary policy, Fitch's downgrade of the US to AA+, ahead of a flood of
supply, and new measures by China have injected volatility into the summer
markets. The US dollar has extended it gains today against the G10 currencies
and most emerging market currencies. The yen has recovered a bit after the BOJ
stepped in and bought JGBs for the second time...
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WTI Crude Oil Technical Analysis
Here's a quick technical analysis on WTI Crude Oil with some fundamental background.
For more visit ForexLive.com
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USDCAD buyers are making a play from various perspectives. Find out the driving dynamics.
A technical look at the USDCAD by drilling down from the daily, to the hourly to the 5-minute chart.
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