I suspect we’ll continue to see a lot of volatility, but frankly it’s hard to bet against the euro right now, it’s rallied so hard and everyone is convinced the Fed will eventually pull...
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NZDUSD REGISTERED WEEKLY GAINS AS TRADERS FOCUSED ON NEXT WEEK RBNZ’S DECISION
The funny comment from Fed officials strengthened the US dollar, except against the New Zealand dollar. , US existing home sales fell, signaling an impending recession in the US. Bank of New Zealand’s upcoming...
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2 Minutes
S&P 500 Forecast: Has Massive Turnaround
Możliwe, że coś tak prostego, jak ludzie „myślący” , że inflacja zbliża się do szczytu , spowodowało, że rynek stracił rozum. SandP 500 początkowo spadł podczas czwartkowego handlu tylko po to, by odwrócić i...
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2 Minutes
Forex Today: Powell Drop Stops
Following the souring of risk sentiment after Fed Chair Powell’s Jackson Hole speech last Friday, sentiment seem to have recovered somewhat, sending stock markets mostly higher and halting the strong advance in the US...
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Japan inflation – Tokyo area headline CPI for August 2.9% y/y (expected 2.5%)
Tokyo area August CPI (national level CPI for the month follows in three weeks) Tokyo CPI 2.9% y/y, expected 2.5%, prior was 2.5% Tokyo CPI excluding Fresh Food 2.6% y/y, expected 2.5%, prior was...
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USD/JPY holding at its highest this month after July CPI data release
The Japanese data is here: Japan July headline inflation 2.6% y/y (vs. expected 2.2%) Core measures of CPI rose also. The Bank of Japan holds the view that current inflation levels are only transitory....
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WTI Crude Oil Forecast: Market Turns Around Mid-Day
The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again. That being said, we have turned around to show signs of life, perhaps due to the idea of...
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1 Minute
European equities little changed at the open
Eurostoxx flat Germany DAX +0.1% France CAC 40 +0.1% UK FTSE +0.1% Spain IBEX flat Meanwhile, S&P 500 futures are up 9 points, or 0.2%, with Nasdaq futures up 0.3%. But that comes after...
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AUD/USD Forecast: Aussie Rallies After Cool CPI Figure
The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated. Because of this, the idea is that the Federal Reserve can start to pivot a bit, but it’s...
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WTI Crude Oil Forecast: Market Turns Around Mid-Day
The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again. That being said, we have turned around to show signs of life, perhaps due to the idea of...
Read More