21.03.2023
Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What
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Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?Gold Price Forecast: Bullish Momentum Wilts After Fake BreakoutThe bullish momentum that has seen the gold price rise to all-time highs recently wilted after a fake breakout. The precious metal retreated from recent highs to the lows of the day, with some experts claiming that […]
13.03.2023
Dow Breaks From Pattern as VIX Soars?But Why Did the Dollar Budge
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Dow Breaks From Pattern as VIX Soars?But Why Did the Dollar Budge?Despite a surprisingly choppy 2022 so far, the Dow broke from its pattern Tuesday as the VIX (CBOE Volatility Index) surged to its highest level in more than a year. The move comes as investors have embraced risk-on sentiment and optimism about China trade […]
24.02.2023
US Bond Yields Rally Further Ahead of a Major US Inflation Report
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US Bond Yields Rally Further Ahead of a Major US Inflation ReportUS Bond Yields Rally Further Ahead of a Major US Inflation ReportA major US inflation report is expected to show the pace of overall and core CPI inflation slowing in January. The data should be encouraging for the Fed, which is seeking to tame […]
18.02.2023
British Pound Latest: GBPUSD Pushing Higher on US Dollar Weakness
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The British Pound Latest: GBPUSD Pushing Higher on US Dollar WeaknessThe British Pound Latest: GBPUSD Pushing Higher on US Dollar WeaknessThe UK economy logged a technical recession in December, avoiding a full-fledged one by logging zero growth in the month. While this doesn’t mean the UK is in a full-fledged recession, it does make for […]
09.02.2023
GBP/USD Pierces Through Psychological 1.2000 Level. Further Downside
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GBP/USD Pierces Through Psychological 1.2000 LevelThe GBP/USD is piercing through the psychological 1.2000 level as a recent three-month rebound is challenged. This week, traders will be watching the US monthly employment data and the Federal Reserve’s policy announcement. Market Speculators Will Take Aim at Parity (One GBP to One USD)The British pound is losing value […]
30.01.2023
Dollar Tight Range to Be Tested by GDP and Fed’s Preferred Inflation Read
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There are a number of factors that will determine the future of the US dollar. These include Global factors, GDP growth, and Core PCE price indexes. GDP growth The dollar begins the week close to year-lows. Yet it will be a tough test of the consensus view that the Fed’s preferred inflation reading is still […]
19.01.2023
British Pound Latest GBP/USD Pushes Higher on UK Jobs Data.
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It’s been a good week for the British Pound (GBP) against the dollar. After a brief dip to near three-week lows on Thursday, the currency has bounced back above the $1.20 level and is on track to reach its highest level in more than three months. The currency has also broken above the psychological level […]
21.12.2022
Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge.
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The price of crude oil has been falling for the last couple of weeks. It’s likely that this trend will continue. Prices have not been this low since the end of 2021. However, there are some factors that might help drive prices back up in the short term. First and foremost, there is a lot […]
11.12.2022
Fedspeak for the Week Ahead
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Several Federal Reserve officials are scheduled to give speeches in the week ahead. These will provide insight into the policymaker’s upcoming direction, which may affect markets. These speeches will also help traders determine the chances of a December rate hike, which have increased from 50/50 to 80/20. The biggest event on the calendar is the […]
30.11.2022
USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook
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Despite China’s recent unexpected interest rate cut, USD/CNH has failed to hold gains and has retraced much of its previous gains. After climbing over a Fibonacci retracement of 23.6%, the USD/CNH has failed to hold above the 38.2% Fibonacci level, which could mean a break of the parity of divisas. The recent decline in food […]