Copper continues to retreat as markets reprice Fed rate hike expectations following another hot inflation print.
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Wednesday, 17 November 2021
U.S. Stocks Fall on Risk-Off Mood; Russell 2000 Dives as Small Caps Take a Tumble
The Russell 2000 retreats amid widespread small caps weakness on market caution, but the technical bias will remain bullish so long as the early November breakout holds.
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AUD/USD Eyes October Low Amid Failure to Defend Monthly Opening Range
AUD/USD may continue to give back the advance from the October low (0.7192) as it fails to defend the opening range for November.
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Gold Price Forecast: Gold Builds a Bear Flag at a Big Resistance Level
It's been a tough year for Gold bulls, but they took their shot last week. The big question now is whether or not they can hold the bid.
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Crude Oil Trading Strategies and Tips
Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil?
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USD/TRY, EUR/TRY Hit Record Highs Ahead of CBRT Rate Decision
The Central Bank of the Republic of Turkey is expected to cut rates again on Thursday, despite a currency crisis deepening.
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EUR/USD Rate Selloff Pushes RSI Into Oversold Territory
Recent developments in the RSI raises the scope for a further depreciation in EUR/USD as the indicator crosses below 30 to push into oversold territory.
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Canadian CPI Data Meets Expectations USD/CAD Climbs Higher
Canadian CPI data sees the Loonie vulnerable to USD strength as expectations of rate hikes remain mixed.
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US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers
The US dollar continues to push ahead and while the path higher remains in place, a clutch of Fed speakers over the rest of the week may influence short-term price action.
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Gold (XAU/USD): UK CPI Boosts Bullion, USD Strength Limits Gains
UK CPI print boosts demand for Gold but gains are limited by higher yields and corresponding US Dollar strength.
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FTSE 100 Forecast for the Week
FTSE 100 underpressure as the index tests psychological support. Sentiment warns of reversal lower.
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Euro (EUR) Price Outlook: No End Yet in Sight for EUR/USD Weakness
EUR/USD has reached its lowest level since July 2020 and could well slide even further after slicing through the support line of a downward-sloping channel in place since late May.
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The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
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Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?
The DXY US Dollar Index made a 16-month high as data supporting an economic recovery and hawkish Fed commentary lifted Treasury yields. Where to next for USD?
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Tuesday, 16 November 2021
GBP/USD Breaking News: BOE Rate Hike Almost Certain On Strong CPI Data
Markets have been awaiting the UK CPI figures to confirm the rate hike potential in December. Inflation came in above estimates and along with yesterdays strong UK jobs data, a 15bps hike is realis...
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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Black Friday & the Stock Market: Economy, Consumers & Shares
From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?
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Gold Prices Rise Post CPI, But US Dollar Strength Outshines. Will XAU/USD Go Higher?
Gold prices moved higher in the aftermath of a shock US CPI number last week, but market focus moved onto USD bullishness. Will gold hold the high ground?
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Crude Oil Forecast: Rising US Production, Potential SPR Release Weighs on Sentiment
Crude oil prices are on track to drop nearly 2% this week as US production ramps up and the Biden administration mulls a Strategic Petroleum Reserve (SPR) release.
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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....