USD/JPY appears to be tracking the recovery in US yields ahead of the Federal Reserve interest rate decision as it trades back above the 50-Day SMA (109.98).
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Friday, 23 July 2021
US Dollar Firms as PMI Data Echoes Inflation Risk; Cue the Fed
The US Dollar is strengthening broadly during early Friday trade with the latest flash PMI report just released underscoring ongoing inflation pressures ahead of next week's Federal Reserve meeting.
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Natural Gas Outlook: LNG Price Action Approaches Long-Term Resistance
LNG is at a critical technical juncture after a strong upward surge. Natural gas fundamentals point to upside support, but slowing technical momentum may point to a price pullback.
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Gold (XAU/USD) and Silver (XAG/USD) at Critical Levels ahead of FOMC
Gold and Silver remain supported at critical levels, FOMC remains key catalyst for the imminent move
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The Best Performing Women Led Companies
Check out our list of the best performing companies that have a woman at the steering wheel.
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GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June
Despite stronger retail sales in June, GBP/USD continues to lack decisive momentum
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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil
Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil
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US Dollar May Rise if PMI Data Signals Recovery Losing Steam
The US Dollar may rise on the back of haven-seeking capital flows if July’s PMI data round-up disappoints, suggesting the global economic recovery is losing steam.
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Thursday, 22 July 2021
GBP/JPY May Fall as the Fed Feeds Yen Real Yield Advantage: Q3 Top Trading Opportunities
The Yen may rise against the British Pound as policy pivot from the US Federal Reserve boosts real yield spreads in favor of the Japanese currency.
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Twitter and Intel Earnings Lift Nasdaq 100. APAC Stocks to Open Mixed
Wall Street stocks closed modestly higher on Thursday, with materials and technology sectors outperforming. Twitter’s earnings may boost tech sentiment, while Intel’s Q3 guidance disappointed.
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Aussie Dollar Slide May Resume on PMI Contraction, Extended Lockdowns
The Australian Dollar's fundamental outlook darkened on Friday after the country's services sector contracted sharply in July.
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US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
The broader US Dollar has struggled to sustain upward momentum gauging by the DXY Index. USD/JPY price action might see a renewed bid if PMI data comes in strong and pushes yields higher.
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher
Nasdaq 100 constituents pushed markets higher following a disappointing jump in unemployment claims. Treasury yields drop, pushing gold & tech higher.
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Gold Price Forecast: Is This The Calm Before The Storm?
Gold finds itself at a crossroad ahead of a major week for markets. Surrounded on all sides by influential technical levels the coming days may be crucial for gold's price going forward.
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USD/ZAR Outlook: Rand Fades as SARB Keeps Rates Unchanged
Unsurprisingly, the SARB has maintained rates at 3.5%. USD/ZAR was unmoved by the announcement which shifts focus to dollar influences over the next two weeks.
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Short Selling Explained with Examples
Short selling is rather controversial but can form part of a well-thought out trading strategy
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ECB Meeting: EUR/USD Whipsaws as Policy Left Unchanged With Continued Dovish Message
EUR/USD jumps then reverses as ECB delivered another dovish policy meeting
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Lumber (Timber), Silver (XAG/USD) Forecast: Lumber and Silver (XAG/USD) Poised for Higher Prices?
Lumber and Silver remain supported despite a pullback in prices. With weather concerns and inflation weighing on commodities, technicals provide key levels to watch.
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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities
Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...
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Posts (Atom)
ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....