The price of oil approaches the monthly low ($101.53) as OPEC retains the upward adjustment in their production schedule.
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Thursday, 30 June 2022
S&P 500 and Nasdaq 100 Bludgeoned in the Second Quarter. Will This Trend Persist?
The S&P 500 and Nasdaq 100 suffered punishing losses in the first half of 2022 and in the second quarter, pressured by rising recession fears and tightening financial conditions.
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Euro Forecast: ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
EUR/JPY and EUR/GBP rates are still in bullish breakout territory, while EUR/USD rates remain rangebound.
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Find Your Forex Entry Point: 3 Entry Strategies To Try
Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.
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Crude Oil Ends Seven-Month Winning Streak While EU Stocks Suffer
European equities have continued to slide as geopolitics remain key catalysts for price action. OPEC+ agrees to increase production in August, oil prices ease.
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Wednesday, 29 June 2022
Hawkish vs Dovish: How Monetary Policy Affects FX Trading
Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'.
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Crude Oil Price Slips as ECB Forum Fallout Continues While China Data Beats Forecasts
Crude oil managed to hold ground today after sliding in the previous session as China PMI figures gave the market some good news. Will WTI resume trending up?
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Gold Prices Unlikely to Find Support from US PCE Data
Gold prices are nearly unchanged after three days of losses as inflation bets fall. Tonight's PCE inflation data out of the US is unlikely to provide a boost as central bankers look committed to ba...
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AUD/USD Bumps Around on China PMI and Good Domestic Data. Where to for AUD/USD?
The Australian Dollar nudged higher on mediocre China PMI data and strong domestic private sector credit growth. Will AUD/USD remain under the pump?
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Australian Dollar Faces China PMI Data as Iron Ore Prices Plummet
The Australian Dollar was weighed down by a stronger Dollar and falling iron ore prices. Today's PMI data out of China offers a chance for the Aussie Dollar to recover if the data impresses.
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S&P 500 and Nasdaq 100 Subdued on Hawkish Fed, Recession Risks Torment Investors
U.S. stocks were subdued Wednesday as hawkish comments from the Fed chairman dampened risk appetite and increased fears that the economy is headed for a hard landing.
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Tuesday, 28 June 2022
Euro Scopes ECB Forum as Risk Appetite Takes a Hit. Where to for EUR/USD?
The Euro continued to slide today ahead of the ECB forum that will see a star-studded line up from the ECB, Fed and BoE. Will they deliver anything for EUR/USD?
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Gold Prices Fall with US Consumer Confidence as Crude Oil Gains on OPEC+ Output Woes
Gold prices fell as crude oil climbed over the past 24 hours. Softer US consumer confidence and OPEC+ output woes were key factors. What is next for XAU/USD and WTI?
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AUD/USD Outlook Mired by Waning Bets for RBA Rate Hike in July
AUD/USD may face headwinds ahead of the Reserve Bank of Australia interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike.
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Bitcoin Prices Tied to Sentiment as APAC Eyes Retail Sales Data
Bitcoin fell overnight alongside US stocks as traders hit the sell button. Market sentiment may rebound in APAC trading, particularly if retail sales data out of Japan and Australia impresses.
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USD/CAD Forecast: Decline from June High Mirrors Price Action from May
USD/CAD appears to be mirroring the price action from last month as the exchange rate quickly pulls back from a fresh yearly high (1.3079).
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Nasdaq 100 in Free Fall, S&P 500 Back in Bear Market as Stocks Sink. Now What?
The Nasdaq 100 and S&P 500 plunge Tuesday amid falling consumer confidence and signs that the U.S. economy could be headed for a recession, a scenario that creates significant risks for stocks
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Monday, 27 June 2022
Crude Oil Forecast: API Data Eyed as Energy Traders Fly at Night Amid EIA Debacle
Oil prices shifted higher through APAC trading after positive economic signs. API data due out tonight may have an outsized impact on prices amid the EIA's technical issues.
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Australian Dollar Hostage to External Factors but RBA Might Have More Work to Do
The Australian Dollar has consolidated as global machinations play out before domestic factors have any say in direction. Will AUD/USD get a lift from a more hawkish RBA?
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USD/JPY Rate to Track Treasury Yields Ahead of US PCE Report
USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71).
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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....