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Wednesday, 30 November 2022

Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

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The Japanese Yen continued higher after US Dollar today as the market has deciphered Fed Chair Powell’s comments are not as hawkish as had b...

S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

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With less than two weeks to go until the last FOMC rate decision of the year, Fed Chairman Jerome Powell addressed the markets with remarks ...

US Dollar Sails South as Powell Puts the Fed Case Forward. How Low Can USD Go?

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The US Dollar was smashed after hawkish comments by Federal Reserve Chair Jerome Powell overnight were interpreted as a dovish tilt by marke...

Crude Oil Rises a Third Day from 76 Support as Risk Appetite Adds to Supply Data

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Crude oil prices charged higher for a third straight session, further setting the 76 support level established by the 61.8 percent Fibonacci...

EUR/USD Update: Euro Area Inflation Declines for the First Time Since July 2021

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EUR/USD bounces on Euro Area inflation beat. Long-term direction still unclear as markets await Fed Powell speech and NFP data. from Daily...

Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

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The precious metal is stuck in a holding pattern, waiting for Fed chair Jerome Powell’s speech on the Economy, Inflation, and the Labor Mark...
Tuesday, 29 November 2022

US Dollar Slides Ahead of Fed Chair Comments While Equities Weigh Growth Prospects

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The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market list...

S&P 500 Faces Its First Serious Range Break Threat with Fed’s Powell Remarks

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Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir th...

Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support

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Gold bulls are working a trend and Oil prices have put in a strong bounce from the psychological level at 75. from DailyFX - Market News h...

Gold Bounces of 100-Day MA Eyeing a Break of $1760

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Spot gold’s rally overnight helped by renewed optimism around China’s covid approach. Is the rally sustainable? from DailyFX - Market News...

Euro Breaking News: Mixed EZ Sentiment Leaves Emphasis on CPI Data Tomorrow

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EUR/USD dismissed EZ confidence and sentiment statistics giving greater importance to the upcoming EZ CPI print. from DailyFX - Market New...

GBP Forecast: Pound Undeterred by Hawkish Fed Speakers, BoE’s Bailey in Focus

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GBP/USD is trading higher this morning while attention shifts to the BoE’s Governor Bailey for guidance. from DailyFX - Market News https:...
Monday, 28 November 2022

Euro Fights Back Against a Tumultuous US Dollar Caught Between Risk and a Hawkish Fed

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The Euro clawed back some gains after the US Dollar ascendency was questioned despite the Federal Reserve reminding markets of their intenti...

Crude Oil Price Looks Lower on China Lockdown Fears Ahead of OPEC+. Where to for WTI?

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Crude oil slipped lower on concerns around continual lockdowns across China but got a boost from conjecture that OPEC+ are thinking of cutti...

Dollar Yen Outlook: USD/JPY Trades Lower as Dollar Gives Back Gains

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USD/JPY has fallen as China protestors drove demand for safe-haven assets. However, with Dollar strength losing traction, the Japanese Yen h...

British Pound Latest – GBP/USD Treads Water as US Data Deluge Nears

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GBP/USD is trading on either side of 1.2100 to start the week with the pair’s next move likely to be dictated by this week’s heavyweight US ...

EUR/USD At Risk of Retreat Below 1.05 Key Level

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EUR/USD faces significant headwinds around the 1.05 level. A host of key data releases lie ahead this week which could facilitate the pairs ...

Crude Oil Weekly Forecast: Brent Dampened by China’s COVID, OPEC+ & U.S. Data to Follow

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Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shif...
Sunday, 27 November 2022

Australian Dollar Blitzed by China Covid Concerns Souring Sentiment. Where to for AUD/USD?

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The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat o...

US Dollar Grabs the High Ground on Growth Risks. Will the USD (DXY) Index Bounce?

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The US Dollar steadied into the trading week as global economic conditions continue to flag warnings for prospects going forward. Has the DX...