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15
Aug

US Dollar Index Price Analysis: DXY slides below 103.30 resistance confluence as US Retail Sales looms

US Dollar Index (DXY) remains on the back foot at the intraday low of around 103.00 amid early Tuesday morning in Europe. In doing so, the Greenback’s gauge versus the six major currencies prints the first daily loss in four. That said, a convergence of the 200-DMA and a 5.5-month-old descending trend line restrict immediate […]

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07
Aug

USD Index resumes the uptrend and regains 102.30

The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30 as the risk-off mood seems to prevail early on Monday. USD Index regains traction on Fed, risk-off The index trades in an upbeat note on the back of renewed buying interest around the greenback […]

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03
Aug

Fx technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar” EUR/USD has completed a wave of decline to the 1.0920 level. Today the market is forming a consolidation range above this level. A downward breakout is expected with the wave continuing by the trend to the 1.0868 level and the structure potentially extending to the 1.0840 level. A correction to 1.0944 […]

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03
Aug

US treasury yield rally and BOJ intervention impact forex landscape

Bunds and US Treasuries parted ways yesterday. Yields on the latter surged more than 8 bps at the long end of the curve. That had little to do with the Fitch rating downgrade, though it was related to one reasons for the decision: the deterioration fiscal situation. US Treasury for the first time in over two years […]

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03
Aug

Bank of England set to raises rates to a new 15 year high

European markets underwent another negative session yesterday, clobbered by concerns over weaker than expected economic activity, which in turn is raising concern for earnings growth heading into the second half of the year. Throw in a US credit rating downgrade from Fitch and the catalyst for further profit taking after recent record highs for the […]

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01
Aug

EUR/USD: There are some downside risks to the 1.0900 handle – ING

EUR/USD limps back below 1.10. Economists at ING analyze the pair’s outlook. Markets too dovish? The door is open for another hike by the ECB before the end of the year, even in September. Markets, however, remain reluctant to endorse this scenario and only price in 17 bps of tightening by December, likely having read last week’s […]

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19
May

DAX30 Analysis

German DAX rallied over the past two days, adding almost 2% over Wednesday and Thursday combined. The upward move was being continued on the futures market during the Asian session today as optimism over possible agreement on US debt ceiling drove equities higher.  As a result, DAX futures (DE30) briefly traded above 16,300 pts mark at […]

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17
May

Technical Analysis JAP225

Economic Outlook  Japanese NIKKEI 225 is on the rise trading near an all-time high following positive GDP data and supportive comments from country leaders. The Japanese economy grew at a faster-than-expected rate of 1.6% in Q1, surpassing the projected 0.7% growth. This strong economic performance has boosted market optimism.  The recent earnings season has been […]

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09
May

Chart of The Day

Gold price continues its bullish trend trajectory on Tuesday. The price of gold is currently trading around $2,030 per ounce, which is a +0.41% daily change. The upward trend channel has provided continuous positive support to gold prices – marked with dark blue parallel lines. The stochastic indicator is beginning to gather positive momentum, indicating a […]

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09
May

Stock Watch  Airbnb (ABNB.US)

The largest lodging company that does not own a single property, we are talking about Airbnb (ABNB.US) has demonstrated its ability to scale the business effectively, achieving profitability for the first time in 2022 while simultaneously improving margins. In addition, ultra-low rates may be placed on your 2026 convertible notes, while competitors may be left looking for possible […]

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