07.10.2022
Chicago 12, Melborne City, USA
Politics

Gold Extends Its Decline to Fresh 29-Month Lows

Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows within a descending channel. Furthermore, in the last few daily sessions, the technical picture has deteriorated, with the pair forming consecutive fresh 29-month lows and trading below its lower Bollinger band. The short-term oscillators currently suggest that […]

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Politics

GBP/USD Freefall. Where Will It Stop?

Cable traders will remember today for a LONG time. The UK government’s announcement of a “mini” budget cutting taxes and capping energy bills has spooked international investors, leading to a surge in UK gilt yields and driving GBP/USD down to its lowest levels since 1985. While we’re still a long way from GBP/USD parity, today’s […]

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Politics

Central Bank Fallout, More Pain for the Pound, and Inflation Data

Week Ahead: Central Bank Fallout, More Pain for the Pound, and Inflation Data Skip to content:

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Politics

Shot Across the Bow, Japan Intervenes Against Surging Dollar

Weekly Economic & Financial Commentary. Shot Across the Bow, Japan Intervenes Against Surging Dollar Skip to content:

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Politics

Sterling Falls to New Multi-year Low after Disappointing Data

GBP/USD. Sterling Falls to New Multi-year Low after Disappointing Data Skip to content:

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Politics

Yen Settles Down after Wild Ride

It was certainly a day to remember for the Japanese yen on Thursday. USD/JPY traded in a stunning 550-point range, as the yen fell sharply before reversing directions and closing the day up over 1 percent. Things have calmed down today, as USD/JPY is trading quietly at 142.37. Japan’s currency intervention sends yen flying The […]

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Politics

USD/JPY Dips As Bulls Take Breather, Gold Consolidates

Key Highlights: USD/JPY started a downside correction from the 145.90 high. It broke a major bullish trend line at 143.75 on the 4-hour chart. Gold price is still consolidating below the $1,700 resistance zone. The US Manufacturing PMI could decline from 51.5 to 51.1 in Sep 2022 (Preliminary). USD/JPY Technical Analysis: The US Dollar remained […]

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Politics

Global September Preliminary PMIs and Economic Outlook

After a week in which a dozen central banks around the world either tightened policy or resorted to currency intervention, the focus is now on the economy. Just how much of the move was priced in, and how much will economic growth be impacted going forward. So far, tightening has contributed to a stronger dollar, […]

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Politics

US Dollar Index Reaches Highest Level Since June 2002 ahead of the Fed

US Dollar Index Reaches Highest Level Since June 2002 ahead of the Fed Skip to content:

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Politics

CHFJPY Sinks to 2-Week Low; Bullish Structure Intact

CHFJPY lost almost 2.0% within two hours during Thursday’s European trading hours, plunging to a two-week low of 143.92 before edging slightly higher. The technical oscillators followed the price sharply lower, with the RSI sliding below its 50 neutral threshold and the MACD easing below its red signal line. The bullish market structure, however, remained […]

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