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Japanese Yen Weekly Forecast: 140 Key For USD/JPY Ahead Of U.S. Economic Data
The Japanese yen looks to end the week on a high note considering the lower volatility created by the U.S. Thanksgiving holiday. In conjunction with the lesser market action, the U.S. dollar has been under pressure after the FOMC minutes.
US Dollar Outlook – Will Heavyweight Data Stem The US Dollar’s Ongoing Decline?
Next week the economic calendar is packed full of high-importance data releases and events that traders need to closely monitor.
Australian Dollar Outlook: A Sinking US Dollar Floats All Boats
The Australian dollar surged toward a two-month high at the end of last week as the US dollar collapsed on the market perception of a change in Fed policy. That is, ongoing rate hikes appear to be less than the 75 basis point lifts seen previously.
Pound Fundamental Forecast: Retailers Hope For Booster Black Friday Sales
UK retailers are hoping that Black Friday shopping will boost spending ahead of the festive season during one of the worst cost of living crises the UK has seen in years.
Crude Oil Whipsaws Around Key Level As Fundamental Drivers Clash
Comments from the Saudi Energy Minister supporting supply cuts and increasing Chinese lockdowns results in choppy price action around a key long-term support level.
Serious Market Events Ahead For S&P 500, FTSE 100, DAX And Nikkei
Liquidity will reverse course from this week to next as the US Thanksgiving holiday’s seasonal curb on both US and global markets passes.
Crude Oil Update: Brent Falls On Supposed Russian Oil Price Cap
Brent crude oil is trading marginally higher this Thursday although still relatively depressed due to the news about the G-7 proposal to increase the Russian oil price cap from around $60 to $65-$70.
New Zealand Dollar Whipped By Jumbo Rate Hike. Will NZD/USD Rally Continue?
The New Zealand Dollar hit a volatility pocket after the RBNZ outsized hike.
S&P 500 At Risk Of Breakout As PMIs Hit But Follow Through Would Be A Problem
We are starting to see the markets pulled between two perspectives. On the one hand, there is the narrow technical patterns developing for benchmarks like the S&P 500 along with some smattering of systemically-important macro updates.
Euro Breaking News: EUR On Offer Despite EZ PMI Upside Surprise
EUR/USD dismissed better-than-expected eurozone PMI data ahead of today’s high-impact US economic data.
Gold’s Anti-Dollar Bounce Looks Like It Will Feel The Weight Of Persistent Fed Forecasts
Gold managed to cap its four-day slide Tuesday just as the Dollar’s own rebound wavered.
RBNZ Preview: Why The RBNZ May Favor 75bps So Late Into The Cycle
The RBNZ have resorted to five successive 50 bps hikes after starting the tightening process with three 25 bps hikes, in a balanced attempt to cool inflation while avoiding a massive shock to the economy.
GBP Forecast: UK Public Sector Debt The 4th Highest On Record For October, Pound Bid
The pound is trading in the green this Tuesday morning ahead of Fed speakers later today.
USDCAD Outlook Builds On Bullish View As Fed Rhetoric Feeds Rate Forecasts
USD/CAD is returning to the former ‘neckline’ of a six-week head-and-shoulders pattern at 1.3500 after an extended consolidation above support at the 38.2% Fib of the 2021-2022 range.
EUR/USD Update: German PPI Surprise Fails To Arrest Slide As Risk-Off Mood Returns
The Euro continued its decline against the greenback this morning as rising covid cases in China seem to have dented sentiment. The risk-off mood has benefitted the dollar as investors continue to flock to the greenback as a safe haven bet.
US Dollar Finds Firmer Footing As Treasury Yields Lift And China Locks Down
The US Dollar firmed again on Monday after Friday’s gains, with Treasury yields bumping higher across the curve.
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