Thursday, 3 November 2022

US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed

US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected.

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EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday's session.

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Gold Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting.

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USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC

The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP.

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Wednesday, 2 November 2022

AUD/USD to Track 50-Day SMA amid Failure to Test October High

AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547).

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FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage

FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

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South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000

South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000?

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EUR/USD Outlook: 0.9850 Support Holds Firm as Markets Await Clarity

The pair has retreated further from parity to retest last week’s trendline break. Will the FOMC meeting give the pair some much needed direction?

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Gold Prices Hold Nascent Uptrend As Markets Look To Fed

The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support.

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The US Dollar (USD) is Primed For Action with November’s Fed Decision Imminent

This week’s big event, the latest Federal Reserve rate decision, is upon us and the US dollar is prepared for a move.

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Crude Oil Forecast: Brent Bid on Possible Reduction in China’s COVID Policies, API & FOMC

Brent crude oil pushed higher after several fundamental catalysts provided upside support ahead of FOMC later this evening.

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Tuesday, 1 November 2022

FOMC Strategy Amid a Strong S&P 500 Rebound and Buoyant Dollar

We are heading into this week’s top event risk: the FOMC rate decision. The market consensus is for a fourth consecutive, 75 basis point rate hike; but that exceptional extension of a historical hawkish charge is likely baked in. So what should we focus on for this key event and what markets are most exposed?

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New Zealand Dollar May Rise Against USD and AUD After NZ Job Numbers Impress

The New Zealand Dollar may rise against the US Dollar and Australian Dollar after the island nation’s third-quarter employment numbers beat estimates, underpinning RBNZ rate hike bets.

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S&P 500 Extends Losses as Yields Charge Higher ahead of key Fed Decision. Now What?

US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed's monetary policy decision on Wednesday.

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British Pound News: GBP Dictated by USD Ahead of FOMC

GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.

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Monday, 31 October 2022

The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up

The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed's Wednesday rate decision as markets try to see what's around the next corner.

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XAU/USD Faces Renewed Selling Pressure as FOMC Beckons

Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?

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Euro Breaking News: Stagflation Recurs With Contracting EZ GDP & Record Core CPI

EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB.

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The Russell 2000 Index Explained for Traders

Read our article to learn more about the Russell 2000 Index

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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...