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Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

Nasdaq 100, Treasury Yields, Yield Curve Inversion, Federal Reserve – Talking points The Nasdaq 100 recovery from recent lows might have more hurdles ahead The Federal Reserve have made it clear that higher rates are here to stay A further inverted yield curve might be telling. Will the Nasdaq reclaim ground?

. . . → Read More: Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

Australian Dollar Looks Past Jobs Report as Doji Emerges, Will AUD/USD Reverse?

Australian Dollar, AUD/USD, Australian Jobs Report, Doji – Asia Pacific Market Open AUD/USD looks past a solid October Australian jobs report Data likely did little to meaningfully alter the RBA rate path Doji candlestick on daily chart warns traders are indecisive

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S&P 500 Retreats to Key Support Following Retail Sales Data

S&P 500 – Talking Points Strong retail sales data weighs on equities S&P 500 futures hold key support at 3970 Fed officials continue to beat the hawkish drum

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US stocks are pushing lower following strong . . . → Read More: S&P 500 Retreats to Key Support Following Retail Sales Data

Dax, FTSE Step Back After UK Inflation Hits Highest Level Since 1981

Dax, FTSE Talking Points: FTSE 100 pulls back as UK inflation peaks at 11.1% (YoY). Dax 40 pulls back after pulling back from 14450. Recession fears intensify as energy costs remain elevated. Advertisement

European equity futures are taking a temporary breather from their recent highs after an UK inflation hits another multi-decade high. . . . → Read More: Dax, FTSE Step Back After UK Inflation Hits Highest Level Since 1981

GBP Breaking News: Energy Sources Sustain Extreme UK Inflation, Highest Since 1981

POUND STERLING ANALYSIS & TALKING POINTS UK inflation soars after energy inputs continue to hurt consumers. Chancellor Jeremy Hunt Autumn Statement in focus tomorrow. Pound falls post-CPI.

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Receive timely and compelling market commentary . . . → Read More: GBP Breaking News: Energy Sources Sustain Extreme UK Inflation, Highest Since 1981

Japanese Yen Slides Despite Treasury Yield Dip on Soft PPI and Conflict Concerns

Japanese Yen, USD/JPY, US Dollar, Crude Oil, US PPI, Poland – Talking Points Japanese Yen deflates after the US Dollar procured support Weak US PPI saw Treasury yields leak lower on hopes of a less hawkish Fed A missile landing in Poland has created uncertainty. Will USD/JPY rally?

Recommended by . . . → Read More: Japanese Yen Slides Despite Treasury Yield Dip on Soft PPI and Conflict Concerns

Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

Crude Oil, US Dollar, OPEC+, IEA, OMR, US PPI, Fed, Poland – Talking Points Crude oil prices face challenges amid unpredictable unfolding events Reports from OPEC+ and the IEA provide a backdrop to underlying dynamics US PPI and geopolitics are playing a role. Will WTI aim for the high ground?

. . . → Read More: Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

USD/CAD Rate Vulnerable to Sticky Canada CPI

Canadian Dollar Talking Points

USD/CAD fails to retain the advance from the start of the week as it registers a fresh monthly low (1.3226), and fresh data prints coming out of Canada may lead to a further decline in the exchange rate as the Consumer Price Index (CPI) is anticipated to show sticky . . . → Read More: USD/CAD Rate Vulnerable to Sticky Canada CPI

Australian Dollar at Risk, Poland Says Russian-Made Missile Hit Border Area Near Ukraine

Australian Dollar, AUD/USD, Geopolitical Tensions, US PPI – Asia Pacific Market Open Australian Dollar gains despite rising European geopolitical tensions Financial markets gave up some of their gains on softer US PPI data AUD/USD testing a critical breakout above April’s falling trendline

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Euro Rides High as US Dollar Ponders the Path Ahead with Fed and G-20 in the Frame

Euro, EUR/USD, US Dollar, Fed, China, Hang Seng, USD/JPY, Crude Oil, RBA – Talking Points Euro looks to be in a holding pattern since last week’s gains The Fed remains vigilant, but USD and Treasury yields are fairly stagnant China-US relations look to be improving. Will that boost the USD, undermining Euro?

. . . → Read More: Euro Rides High as US Dollar Ponders the Path Ahead with Fed and G-20 in the Frame

Neither Dollar Nor Stocks Respond to NY Fed’s Inflation Expectations Like CPI, So What Now?

S&P 500, Bitcoin, Fed Forecasts, Dollar, China and Growth Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 Despite the extreme response to last week’s faster-than-expected slip from the US October CPI release, there was almost no reaction from Dollar or ‘risk assets’ to upgrade consumer . . . → Read More: Neither Dollar Nor Stocks Respond to NY Fed’s Inflation Expectations Like CPI, So What Now?

Gold Price Outlook Vulnerable to RSI Sell Signal

Gold Price Talking Points

The price of gold trades to a fresh monthly high ($1775) as it extends the series of higher highs and lows from last week, but the Relative Strength Index (RSI) may offer a textbook sell signal for the precious metal should the oscillator struggle to hold above 70.

. . . → Read More: Gold Price Outlook Vulnerable to RSI Sell Signal

Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY?

Japanese Yen, USD/JPY, US Dollar, GDP, Bank of Japan, Fed – Talking Points USD/JPY steadied again on Tuesday despite negative GDP numbers The Fed and Bank of Japan continue to loom over their respective bond markets Japan GDP per capita remains challenged. Will JN CPI move USD/JPY?

Recommended by Daniel . . . → Read More: Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY?

AUD/USD Clears October High Ahead of Australia Employment Report

Australian Dollar Talking Points

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AUD/USD trades above the October high (0.6547) after clearing the opening range for November, and the exchange rate may attempt to retrace the decline from the September high (0.6916) as . . . → Read More: AUD/USD Clears October High Ahead of Australia Employment Report

US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

US Dollar, Federal Reserve, Waller, GBP, CHF, CCP, Bali G-20 – Talking Points The US Dollar steadied today after last week’s carnage The Fed’s Waller reminded markets of the inflation fight If China re-opens, will that re-ignite price pressures?

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Get Your Free USD Forecast . . . → Read More: US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

Gold Looks Like Neither Inflation Hedge nor Safe Haven

Gold, Inflation, De-globalization, Interest Rates—Talking Points Gold has looked more like a risk asset than any sort of haven for months In truth rising interest rates have dimmed its appeal, as they usually do When yield is easier to come by, non-yielding assets suffer

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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

Japanese Yen, USD/JPY, US Dollar, Bank of Japan, Fed, Trend – Talking Points USD/JPY snapped lower and appears vulnerable to start the week The Bank of Japan might have a tricky period ahead on fundamental data If the Yen keeps strengthening, is the peak in place for USD/JPY?

Recommended by . . . → Read More: Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

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Market sentiment notably improved this past week. On Wall Street, Nasdaq 100, S&P 500 and Dow Jones futures soared about 8.4%, 5.7% and 4.02%, respectively. This was some of the best performances in months. Risk . . . → Read More: Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Canadian Dollar – Talking Points USDCAD sinks to key support on continued USD weakness BoC Gov Macklem opens door to smaller rate hikes Canadian inflation data on deck next week

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Canadian Dollar Outlook: . . . → Read More: Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

Euro Rate Talking Points

EUR/USD clears the September high (1.0198) following the larger-than-expected slowdown in the US Consumer Price Index (CPI), with the exchange rate on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate hike in December.

. . . → Read More: EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold Fundamental Forecast – Slightly Bullish Gold prices soared the most since March 2020 last week Soft US inflation data saw traders eye a less hawkish Fed Keep an eye on Fedspeak, US PPI and retail sales ahead

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. . . → Read More: Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

US DOLLAR WEEKLY FORECAST: SLIGHT BEARISH The U.S. dollar plummeted this week following weaker-than-expected U.S. inflation data Slowing price pressures may lead the Federal Reserve to adopt a less hawkish stance, prompting policymakers to slow the pace of interest rate hikes as soon as their next meeting The downward correction in yields could . . . → Read More: US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

Bitcoin (BTC), Solana (SOL), and FTX (FTT) Prices, Charts, and Analysis:

Binance backs out of a potential FTX bailout after looking at the books. FTX and Alameda are under heavy regulatory scrutiny. Liquidity concerns continue to roil the market.

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. . . → Read More: Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

S&P 500 Run Looks to Earnings, Dollar Tumble to Rate Forecasts, Bitcoin to Market Stability

Nasdaq 100, Dow, Bitcoin, Event Risk and Dollar Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 Volatility was wide spread this past week, but the charge from the US CPI and crypto market turmoil doesn’t necessarily have to carry over to the new trading week . . . → Read More: S&P 500 Run Looks to Earnings, Dollar Tumble to Rate Forecasts, Bitcoin to Market Stability

Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

Australian Dollar Forecast: Neutral The Australian Dollar jumped higher as the US Dollar sank A soft US CPI number saw risk assets soar across the board RBA disparity with the Fed approach might deliver different results

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Get My . . . → Read More: Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

British Pound Weekly Forecast: Data Filled Week for GBP

POUND STERLING ANALYSIS & TALKING POINTS Stacked week ahead for the UK – employment, inflation and fiscal statement. Headwinds for the GBP will likely re-emerge in due course leaving the pound vulnerable. Bear flag remains in play however, bull seek upside breakout.

Trade Smarter – Sign up . . . → Read More: British Pound Weekly Forecast: Data Filled Week for GBP

Bitcoin Falls, ETH Tests Support on Fears of Cascading Crypto Crisis after FTX BK

Bitcoin, Ethereum Talking Points: It was a big week in the crypto space and over the past seven days the industry has changed dramatically after news of a gaping hole in the balance sheet of FTX. After a rescue was announced with Binance as the savior, they walked away after seeing the books, and . . . → Read More: Bitcoin Falls, ETH Tests Support on Fears of Cascading Crypto Crisis after FTX BK

US Consumer Sentiment Falls to Lowest Level Since July, Reinforcing US Dollar Weakness

CONSUMER SENTIMENT KEY POINTS: November consumer sentiment falls to 54.7 from 59.9 in October, well below market expectations The pullback in confidence suggests Americans are becoming more pessimistic about the economic outlook U.S. dollar extends losses after the survey release, but the move may be largely likely related to yesterday’s October CPI data . . . → Read More: US Consumer Sentiment Falls to Lowest Level Since July, Reinforcing US Dollar Weakness

USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

Key Points:

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USD/CAD FUNDAMENTAL OUTLOOK

The Canadian Dollar rallied yesterday breaking below the stubborn 1.35 level and . . . → Read More: USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY?

Japanese Yen, USD/JPY, US Dollar, US CPI, Crypto, FTX, PPI, Crude Oil, Gold – Talking Points The Japanese Yen firmed dramatically after the US Dollar sailed south US CPI sparked a rush toward growth assets, with equity markets roaring If the Fed pulls back on hiking, does that mean USD/JPY has seen the . . . → Read More: Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY?

Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session

Bitcoin, BTC/USD, China, India, Market Sentiment, Technical Outlook – Talking Points Asia-Pacific markets look poised for gains on Friday after market sentiment surged overnight India to release industrial and manufacturing production data as APAC traders digest US CPI BTC/USD faces a recently broken zone of support after rebounding from multi-year lows Friday’s Asia-Pacific . . . → Read More: Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session

Nasdaq 100, S&P 500, Dow Rally as US Inflation Surprises to the Downside

US Stock Market Key Points:

• The S&P 500, Dow and Nasdaq 100 hit monthly highs after a softer-than-expected inflation report set a positive tone in risk assets

• US Treasury yields and USD plunge

• All eyes are on tomorrow’s University of Michigan’s Consumer Sentiment

Most Read: US Inflation Falls to 7.7% from . . . → Read More: Nasdaq 100, S&P 500, Dow Rally as US Inflation Surprises to the Downside

Dax 40 Explodes after US Inflation Shows Positive Signs of Easing

Dax 40, US Dollar Talking Points Dax 40 roars higher before stalling at 14173. S&P 500 futures rise over 4% after a downward surprise in US CPI (October) as rate hike bets for December ease. US Dollar weakness and lower yields contribute to the bullish move in equities.

Recommended by . . . → Read More: Dax 40 Explodes after US Inflation Shows Positive Signs of Easing

USD Slammed, Gold and EURUSD Jump After CPI

USD, Gold, EUR/USD Talking Points: This morning brought the release of CPI data out of the US for the month of October. The data came in well-below expectations, with Core CPI coming in at 6.3% against an expectation of 6.5% and headline CPI printing at 7.7% versus an 8.2% expectation. This has led to . . . → Read More: USD Slammed, Gold and EURUSD Jump After CPI

Gold Prices May Fall on October US Inflation Data, Here are Key Levels to Watch

Gold, XAU/USD, US Dollar, CPI Report, Technical Analysis – Briefing: Gold prices mark time as US Dollar gains, bond yields fall All eyes turn to October’s US inflation report, will it beat? Higher prints may dent XAU/USD as traders focus on Fed

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British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again?

British Pound, GBP/USD, US Dollar, Crypto, FTX, Crude Oil, Gold – Talking Points British Pound support wilted after US Dollar resumed strengthening Crypto chaos leaked into many markets as concerns grow a liquidity crunch US CPI lies ahead and may see more volatility. Will GBP/USD test the downside?

Recommended by . . . → Read More: British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again?

What Dollar Impact to Expect from US CPI and Is This Crypto’s Lehman Moment?

S&P 500, VVIX, Bitcoin, CPI, Dollar, EURUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 As the US midterms pass without a definitive outcome for markets and the economy, focus now shifts to the high-profile CPI release The trouble in the crypto market . . . → Read More: What Dollar Impact to Expect from US CPI and Is This Crypto’s Lehman Moment?

Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

Crude Oil, WTI, China, Inventory, Refinery Capacity, Technical Outlook – Talking Points Crude oil prices are under pressure as China increases lockdown measures as Covid spreads A surprise build in US stockpiles and the restarting of a major US refinery pose headwinds WTI prices extend drop from the 100-day SMA, but a triangle . . . → Read More: Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI

Canadian Dollar Talking Points

USD/CAD trades back above the 50-Day SMA (1.3524) as it rebounds from a fresh monthly low (1.3387), but the exchange rate may struggle to hold above the moving average as the US Consumer Price Index (CPI) is anticipated to show slowing inflation.

Recommended by David Song . . . → Read More: USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI

US Dollar Under Pressure as Treasury Yields Ease Ahead of US CPI. Where to for USD/JPY?

US Dollar, USD/JPY, Yen, Crude Oil, Gold, China, CPI, PPI, BTC, FTX – Talking Points The US Dollar is struggling to gain traction as Treasury yields ease China woes are questioning global economic growth amid soft inflation data The Fed and the market eye tomorrow’s US CPI. Will it rescue USD/JPY?

. . . → Read More: US Dollar Under Pressure as Treasury Yields Ease Ahead of US CPI. Where to for USD/JPY?

S&P 500, Volatility and Dollar Move from Midterms to CPI Anticipation While Crypto Shudders

S&P 500, VVIX, Bitcoin, Gold, Dollar and CPI Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 We are moving through the US mid-term elections which generated great anticipation among risk-leaning assets but are unlikely to offer great clarity Anticipation for Thursday’s CPI release is likely . . . → Read More: S&P 500, Volatility and Dollar Move from Midterms to CPI Anticipation While Crypto Shudders

Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

Gold, Silver, US Dollar, FOMC, CPI, ETF Flows, COT, Technical Outlook – Talking Points Gold and silver prices approach key technical levels as fundamentals improve The US CPI inflation report on Thursday poses a risk to the precious metal rally XAU/USD eyes a Triple Bottom breakout, while XAG/USD probes its 200-day SMA

. . . → Read More: Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

EUR/USD Clears October High to Eye September High

EUR/USD Rate Talking Points

EUR/USD registers a three-day rally as it extends the advance following the US Non-Farm Payrolls (NFP) report, and the exchange rate may attempt to test the September high (1.0198) as it clears the October high (1.0094).

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Australian Dollar Steady, Yuan Wobbles as Chinese Inflation Cools. Lower AUD/USD?

Australian Dollar, AUD/USD, China, CPI, PPI, Covid-19, Hang Seng – Talking Points The Australian Dollar drifted sideways after Chinese CPI and PPI data AUD/USD could be at the whim of broader sentiment on China re-opening Soft price pressures might change Chinese policy. Will this move AUD/USD?

Recommended by Daniel McCarthy . . . → Read More: Australian Dollar Steady, Yuan Wobbles as Chinese Inflation Cools. Lower AUD/USD?

Euro Holds High Ground as US Dollar Sidelined Ahead of Mid-Terms. Higher EUR/USD?

Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points Euro support is intact for now, but the US Dollar could resume strengthening The mid-terms might trigger volatility across markets, but US CPI will also be a focus If the US Dollar reclaims its ascendency, will EUR/USD resume its downtrend? . . . → Read More: Euro Holds High Ground as US Dollar Sidelined Ahead of Mid-Terms. Higher EUR/USD?

Dollar Collapse Paused and S&P 500 Unsure as Extreme Volatility Confronts CPI Wait

S&P 500, VIX, Dollar, EURUSD and USDCNH Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 A disparity between realized and expected volatility persists with seasonal expectations confronting very real systemic problems on the horizon – creating a very uneven backdrop Scheduled event risk over the . . . → Read More: Dollar Collapse Paused and S&P 500 Unsure as Extreme Volatility Confronts CPI Wait

Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets

Copper, China, Covid, Rates, COT, Technical Outlook – Talking Points Copper prices are slightly lower in Asia-Pacific trade but last week’s gain holds China’s Covid-19 policy is critical to industrial metals as rate forecasts moderate Symmetrical Triangle breakout may resume after prices test former resistance

Trade Smarter – . . . → Read More: Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets

Gold Price Steadies on US Dollar Weakness Ahead of US CPI. Where to for XAU/USD?

GOLD, XAU/USD, US DOLLAR, FED, REAL YIELDS – Talking Points Gold has found higher ground as the US Dollar slips across the board At the same time, US real yields have been holding the high ground If US CPI surprises, gold could get caught in the vortex. Will XAU/USD rally?

. . . → Read More: Gold Price Steadies on US Dollar Weakness Ahead of US CPI. Where to for XAU/USD?

AUD/USD to Stage Another Run at October High on Break Above Monthly Opening Range

Australian Dollar Talking Points

AUD/USD is on the cusp of testing the monthly high (0.6492) as it preserves the advance following the US Non-Farm Payrolls (NFP) report, and the exchange rate may stage another run at the October high (0.6547) if it clears the opening range for November.

Advertisement AUD/USD to Stage Another . . . → Read More: AUD/USD to Stage Another Run at October High on Break Above Monthly Opening Range

Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

Crude Oil, WTI, Brent, US Dollar, Fed, Hang Seng, AUD, NZD, Gold – Talking Points Crude oil has been caught in the crosswinds of global growth prospects The Chinese government denied any easing of any Covid-19 related restrictions APAC equities were unfazed by the denials, but USD resumed an upswing

. . . → Read More: Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

Euro Ran Higher on China Re-opening Rumours But Turns on Denial. Where to for EUR/USD?

Euro, EUR/USD, US Dollar, China, US CPI, Federal Reserve – Talking points EUR/USD has retreated from a surge based on US Dollar weakness The China story continues to weigh heavily on the market outlook for growth If US CPI is a shocker on Thursday, where will it send EUR/USD?

Recommended . . . → Read More: Euro Ran Higher on China Re-opening Rumours But Turns on Denial. Where to for EUR/USD?

Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

Australian Dollar, AUD/USD, China Trade Balance, Earnings, Technical Outlook – Talking Points Asia-Pacific markets aim to extend last week’s rally after US stocks surged on Friday China’s October trade data is on tap as a potential policy pivot underpins sentiment AUD/USD eyes 50-day SMA after prices breakout from a Cup and Handle pattern . . . → Read More: Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

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US stock indexes surged on Friday after the US non-farm payrolls report for October muddied market-based Fed rate hike bets. The Dow Jones Industrial Average (DJIA) trimmed its weekly loss to 1.4% after rising 1.26% on Friday. The US Dollar DXY Index plummeted nearly 2% after rate traders shaved seven basis points . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market

S&P 500 AND NASDAQ 100 OUTLOOK: SLIGHTLY BEARISH The S&P 500 and Nasdaq 100 finished the week lower after the Federal Reserve indicated that its terminal rate will be higher than previously expected Inflation will be the most important price action catalyst next week For market sentiment to improve, CPI data must show . . . → Read More: S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market

Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

Japanese Yen Technical Outlook: Slightly Bullish USD/JPY outlook biased to the downside after Descending Triangle takes shape CHF/JPY pierced below a key trendline, putting a possible trend reversal on the cards AUD/JPY rises after triggering a buy signal by slipping below a regression channel Advertisement USD/JPY Technical Outlook: Neutral

USD/JPY recorded a drop . . . → Read More: Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week

EUR/USD ANALYSIS TALKING POINTS Eurozone fundamentals paint a mixed picture but not enough to deter a rampant USD just yet. Inflation in focus next week. Technical analysis echoes fundamental uncertainty. EURO FUNDAMENTAL FORECAST: WATCHFUL

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. . . → Read More: Euro Weekly Forecast: EUR/USD Faces Inflation Packed Week

Gold Price Defends Yearly Low with US CPI on Tap

Gold Price Talking Points

The price of gold tests the 50-Day SMA ($1674) as it retraces the decline following the Federal Reserve interest rate decision, and the update to the US Consumer Price Index (CPI) may prop up the precious metal as the report is anticipated to show easing price pressures.

Fundamental Forecast . . . → Read More: Gold Price Defends Yearly Low with US CPI on Tap

US Dollar’s Suffers Biggest Drop 7 Years, Is That the Start of Something?

S&P 500, FOMC, BOE, GBPUSD, NFPs and USDCAD Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 The Fed’s rhetoric following its fourth 75bp rate hike this past week continued to fan the flames of speculative uncertainty and Dollar buoyancy Conspicuously, the DXY suffered its worst . . . → Read More: US Dollar’s Suffers Biggest Drop 7 Years, Is That the Start of Something?

Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report

Japanese Yen Fundamental Forecast: Neutral Japanese Yen gained ground as the US Dollar fell last week Markets still eyeing 3 Fed rate hikes in 2023, a risk for JPY USD/JPY eyeing the next US CPI report, will it miss estimates?

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Get Your Free JPY . . . → Read More: Japanese Yen Fundamental Outlook: USD/JPY Turns to US Inflation Report

Australian Dollar Outlook: Wings Clipped by the RBA

Australian Dollar Forecast: Bearish The Australian Dollar tumbled lower last week on relative rate changes The latest hike by the RBA paled in comparison with the Fed and BoE The RBA’s approach to CPI might be challenged if China reopens

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British Pound Forecast – GBP/USD Battling Back After a Week of Heavy Losses

GBP/USD – Prices, Charts, and Analysis Central bank commentary roils cable. The latest GDP update aside, the UK economic calendar is thin next week.

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The Bank of England (BoE) this week warned that the . . . → Read More: British Pound Forecast – GBP/USD Battling Back After a Week of Heavy Losses

USD Snaps Back on NFP After Fed-Fueled Rally: EUR/USD, GBP/USD

US Dollar Talking Points: The US Dollar is re-testing a key spot of support following a pullback after the release of NFP, and that wiped out gains following the FOMC-fueled rally. Next week sees the focus shift back to inflation with the release of CPI on Thursday morning as the highlight of next week’s . . . → Read More: USD Snaps Back on NFP After Fed-Fueled Rally: EUR/USD, GBP/USD

October Jobs Report: Economy Adds 261,000 Payrolls. Where Next for the US Dollar?

OCTOBER JOBS REPORT KEY POINTS: The U.S. economy added 261,000 jobs in October compared to a forecast of 200,000. Meanwhile, the unemployment rate edged up to 3.7%, one-tenth of a percent above expectations Average hourly earnings climbed 0.4% on a monthly basis and 4.7% year-over-year. Analysts polled by Bloomberg News were looking for a . . . → Read More: October Jobs Report: Economy Adds 261,000 Payrolls. Where Next for the US Dollar?

How to Trade Forex News: An Introduction

Major economic data has the potential to drastically move the forex market. It is this very movement, or volatility, that most newer traders seek when learning how to trade forex news. This article covers the major news releases, when they occur, and presents the various ways traders can trade the news.

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Gold Prices Await Non-Farm Payrolls Data, Will the US Dollar Rally?

Gold, XAU/USD, US Dollar, Non-Farm Payrolls, Technical Analysis – Briefing: Gold prices await Friday’s US non-farm payrolls report A rosier outcome may boost the US Dollar, sink XAU/USD Retail traders boost upside gold bets, hinting more pain

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S&P 500 and GBPUSD Slide in FOMC Aftermath, How Will NFPs Steer Markets?

S&P 500, FOMC, BOE, GBPUSD, NFPs and USDCAD Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 The FOMC’s rejection of a quick halt to its hawkish path has carried over to Thursday trade with a continued slide from the S&P 500 and a greater contrast . . . → Read More: S&P 500 and GBPUSD Slide in FOMC Aftermath, How Will NFPs Steer Markets?

EUR/USD Rate Susceptible to Strong US NFP Report

EUR/USD Rate Talking Points

EUR/USD slips to a fresh weekly low (0.9730) as it remains under pressure following the Federal Reserve interest rate decision, and the US Non-Farm Payrolls (NFP) report may fuel the recent weakness in the exchange rate as the update is anticipated to show a further improvement in the labor . . . → Read More: EUR/USD Rate Susceptible to Strong US NFP Report

AUD/USD Aims Lower on Rising Recession Bets as US Dollar, Yields Rise

Australian Dollar, AUD/USD, RBA, Jobs Report, Technical Outlook – Talking Points A stronger US Dollar and higher bond yields may weigh on APAC markets Focus turns to the upcoming US jobs report after a hawkish FOMC meeting AUD/USD aims to break below a short-term trendline as losses accelerate Advertisement Friday’s Asia-Pacific Outlook

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USD/CAD Reverses Ahead of 50-Day SMA to Eye Yearly High

Canadian Dollar Talking Points

USD/CAD trades to a fresh weekly high (1.3808) as it extends the advance following the Federal Reserve rate decision, and the exchange rate may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248).

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S&P 500 and USDJPY: Where To After the Fed’s Hawkish Whiplash?

S&P 500, FOMC, Dollar, GBPUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 The closely watched FOMC rate decision this past session offered yet another hefty 75bp rate hike while the policy statement seemed to offer dovish succor…until Powell reinforced the hawks A . . . → Read More: S&P 500 and USDJPY: Where To After the Fed’s Hawkish Whiplash?

Gold Price Forecast: US Jobs Report in Focus as Traders Digest FOMC

Gold, XAU/USD, FOMC, Speculators, Jobs Report, Technical Outlook – Talking Points Gold prices move slightly higher in APAC trading as the US jobs report nears Speculators trimmed their bullish gold bets ahead of the FOMC decision XAU/USD sees a possible trend reversal chance on Double Bottom pattern

Gold prices are moderating after falling nearly . . . → Read More: Gold Price Forecast: US Jobs Report in Focus as Traders Digest FOMC

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

Australian Dollar Talking Points

AUD/USD struggles to hold its ground following the kneejerk reaction to the Federal Reserve rate decision, and the exchange rate may track the negative slope in the 50-Day SMA (0.6539) following the failed attempts to test the October high (0.6547).

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Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC

Chinese Yuan, USD/CNH, Caixin PMI, AU Trade Balance, PBOC, Technical Forecast – Talking Points Asia-Pacific markets are facing a mixed open as a stronger US Dollar weighs on sentiment The Chinese Yuan is falling into fresh 2022 lows against the USD. Will the PBOC respond? USD/CNH looks primed for a breakout amid few . . . → Read More: Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC

Oil Price Holds Above 50-Day SMA to Eye October High

Crude Oil Price Talking Points

The price of oil climbs to a fresh weekly high ($90.36) following an unexpected decline in US inventories, and crude may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day SMA ($86.44).

. . . → Read More: Oil Price Holds Above 50-Day SMA to Eye October High

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

S&P 500, FOMC, Dollar, EURUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 The FOMC rate decision is this week’s top scheduled event risk and it is arguably the most important Fed meeting since the first 75bp hike Whether the Fed starts to . . . → Read More: FOMC Strategy Amid a Strong S&P 500 Rebound and Buoyant Dollar

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

New Zealand Dollar, NZD/USD, Q3 Employment, China, Technical Forecast – Talking Points Asia-Pacific markets face mixed open on muted USD as traders prep for FOMC New Zealand Q3 employment beats estimates, underpinning RBNZ rate hike bets NZD/USD trades just below the 50-day SMA within a Cup and Handle pattern Wednesday’s Asia-Pacific Outlook

Asia-Pacific . . . → Read More: New Zealand Dollar May Rise Against USD and AUD After NZ Job Numbers Impress

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

STOCK MARKET KEY POINTS: The S&P 500 and Nasdaq 100 decline for the second day in a row amid rising U.S. Treasury rates Yields move higher on better-than-expected U.S. economic data All eyes are now on the FOMC policy decision Wednesday afternoon

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EURUSD Slips Away From Parity as FOMC Looms

EURUSD, FOMC – Talking Points EURUSD pushes lower following strong US PMI report Traders eye 75 bps FOMC rate hike and Fed guidance Heavy economic calendar may put stress on EURUSD bulls

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The EURUSD . . . → Read More: EURUSD Slips Away From Parity as FOMC Looms

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; November Fed Meeting Preview

Central Bank Watch Overview: Fed policymakers spoke in very hawkish tones throughout September and October, although a few FOMC members began to soften their tone ahead of the communications blackout period. It may be the case that additional rate hikes are coming before the end of 2022, but the Fed may slowdown its pace . . . → Read More: Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; November Fed Meeting Preview

Australian Dollar Dips After RBA Hike by 0.25% as Expected. Where to for AUD/USD?

Australian Dollar, AUD/USD, RBA, CPI, PPI, ASX 200, Fed, BoE – Talking Points The RBA hiked by 0.25% for the second month in a row to 2.85% AUD/USD dropped on the news as there had been faint hopes for a 0.50% lift The RBA appear comfortable with smaller hikes, despite awkward CPI

. . . → Read More: Australian Dollar Dips After RBA Hike by 0.25% as Expected. Where to for AUD/USD?

Dow Closes Out Its Best Month Since 1976 But Fed Anticipation Will Throttle

Dow, Nasdaq 100, S&P 500, FOMC, AUDUSD and EURUSD Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 October has come to a close and the Dow Jones Industrial Average may represent the broader market’s winner for the month with a nearly 14 percent rally – . . . → Read More: Dow Closes Out Its Best Month Since 1976 But Fed Anticipation Will Throttle

Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data

WTI Crude Oil, US Production, China, Covid, EIA, Inventory, Technical Analysis – Talking Points Crude oil prices face mounting macroeconomic headwinds after prices rise in October US inventory data, the FOMC rate decision and the US jobs report to set oil direction WTI prices look set for a potential spike in volatility as prices . . . → Read More: Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data

Gold Price Falls Towards Monthly Low After Failing to Test 50-Day SMA

Gold Price Talking Points

The price of gold carves a series of lower highs and lows despite the kneejerk reaction to the US Personal Consumption Expenditure (PCE) Price Index, and bullion appears to be on track the test the monthly low ($1617) as it reverses ahead of the 50-Day SMA ($1680).

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Chinese Yuan Slides Against US Dollar as Covid Lockdowns Weigh on Sentiment

Chinese Yuan, USD/CNH, RBA, Covid, Commodities, Technical Outlook – Talking Points Asia-Pacific markets face headwinds from a stronger Dollar after US traders ditch equities RBA rate decision in focus for APAC markets as China lockdowns weigh on sentiment USD/CNH surged nearly 1% as RSI divergence puts the broader uptrend in potential danger Advertisement Tuesday’s . . . → Read More: Chinese Yuan Slides Against US Dollar as Covid Lockdowns Weigh on Sentiment

Japanese Yen in Flux on Data as the Chinese Yuan Battles Soft Sentiment

Japanese Yen, USD/JPY, US Dollar, USD/CNY, CNY/JPY, Yuan – Talking Points USD/JPY is looking to higher levels despite mixed economic data Yen weakening might have broader ramifications for the region What’s good for the Yen might be good for the Yuan

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AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind

Australian Dollar, AUD/USD, Retail Sales, China PMI, Iron Ore, Technical Outlook – Talking Points Asia-Pacific markets look to trade higher on Monday as yields fall China’s manufacturing PMI data for October may dictate sentiment AUD/USD may target the 50-day SMA if Fib support holds steady Advertisement Monday’s Asia-Pacific Outlook

Asia-Pacific stocks outside of . . . → Read More: AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind

Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE

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Risk appetite notably improved this past week on Wall Street. Dow Jones futures lead the charge, surging 5.89% to the highest since late August. Meanwhile, S&P 500 and Nasdaq 100 futures rose 2.62% and 3.32%, . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE

S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment

S&P 500, Nasdaq 100, and Dow Jones Forecasts and Analysis

Meta and Amazon both slump 20%+ after releasing Q3 figures. Uber, Airbnb, and Coinbase are all on the Q3 docket next week.

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US equity markets . . . → Read More: S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment

Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock

USD/CAD ANLAYSIS

Will we see further central bank divergence come FOMC? Resilient CAD may be breaking down against USD. Falling wedge in focus next week.

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USD/CAD FUNDAMENTAL OUTLOOK: BULLISH

The Canadian dollar has been under pressure . . . → Read More: Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock

EUR/USD Rate Outlook Hinges on Fed Rate Decision

Euro Rate Talking Points

EUR/USD snaps the recent series of higher highs and lows following the European Central Bank (ECB) meeting, and the exchange rate may struggle to retain the advance from the monthly low (0.9632) as the Federal Reserve is expected to implement another 75bp rate hike.

Recommended by . . . → Read More: EUR/USD Rate Outlook Hinges on Fed Rate Decision

Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

GOLD PRICE OUTLOOK: SLIGHTLY BULLISH

Gold prices declined this week, but the Fed could spark a bullish reversal soon The FOMC is expected to raise interest rates by 75 basis points at its November meeting, but it could adopt a less hawkish stance in terms of future hiking The U.S. central bank tightening bias . . . → Read More: Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

US Dollar Forecast: Another Fed Jumbo Hike in Focus as Markets Bet on Policy Moderation

US Dollar Fundamental Forecast: Neutral US Dollar weakens as S&P 500 gains, Fed hawkishness bets taper Eyes are on another jumbo 75-basis point rate hike on Wednesday That will be followed by Friday’s non-farm payrolls likely cooling

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Bitcoin Price Outlook: BTC, ETH, Dogecoin Upside Face Risky Week Ahead

Bitcoin Outlook: Neutral Bitcoin bullish momentum drives BTC/USD higher while Dollar strength subsides Ethereum posts double-digit gains – earning season and economic data provide mixed reactions Dogecoin skyrockets around 39% after Elon Musk completes Twitter deal

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FX Week Ahead – Top 5 Events: BOE, Fed, RBA, Rate Decisions; Canada Jobs Report; US NFP

FX Week Ahead Overview: The first week of November is all about central banks: the Reserve Bank of Australia will release its rate decision on Tuesday; the Federal Reserve on Wednesday; and the Bank of England on Thursday. While still important, the October US jobs report may see a muted impact in the wake . . . → Read More: FX Week Ahead – Top 5 Events: BOE, Fed, RBA, Rate Decisions; Canada Jobs Report; US NFP

Gold and Silver Technical Forecasts: Gold Eyes Trend Reversal as Silver Momentum Stalls. Where to for XAU, XAG?

Gold and Silver Technical Forecast: Gold prices are eyeing a breakout from a Double Bottom pattern as RSI flashes bullish signal Silver prices fell after resistance from the 100-day SMA capped gains, while RSI fell below 50 Advertisement Gold Technical Outlook: Bullish

Gold prices were on track to record modest gains on the . . . → Read More: Gold and Silver Technical Forecasts: Gold Eyes Trend Reversal as Silver Momentum Stalls. Where to for XAU, XAG?

GBP Fundamental Forecast: BoE and Fed Hikes Threaten GBP Recovery

Pound Sterling Weekly Fundamental Forecast: Bearish

UK government considers tax hikes and increasing windfall tax ahead of fiscal statement on November 17th Bank of England and FOMC gear up for 75 basis point hikes next week Major risk events ahead: US ISM PMI, BoE and FOMC rate hikes, US NFP

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DAX, FTSE Boom Faces Resistance After Strong Week of Gains

Dax 40, FTSE 100 Key Points: German inflation skyrockets but Dax resilience holds FTSE 100 humbled by weekly high European equities face challenging times as critical resistance firms

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European equities continue to whipsaw into . . . → Read More: DAX, FTSE Boom Faces Resistance After Strong Week of Gains

Why Do Stocks Suffer When Interest Rates Rise?

US Equities Outlook: The rapid rise in US Treasury yields has coincided with a steep decline by the major US stock markets. Rising interest rates reduce the net-present value of future cash flows, per the traditional discounted cash flow model. Companies with high debt burdens and low (or no) profitability tend to suffer most . . . → Read More: Why Do Stocks Suffer When Interest Rates Rise?

US Dollar Retains Gains Despite Softer-than-Expected Core PCE Inflation

US PCE REPORT KEY POINTS: September U.S. consumer spending advances 0.6% on a monthly basis, versus 0.4% expected Core PCE, the Fed’s favorite inflation gauge, climbs 0.5% month-over-month, pushing the annual rate to 5.1% from 5.0%, one-tenth of a percent below market estimates The U.S. dollar retains session’s gains, but its reaction to the . . . → Read More: US Dollar Retains Gains Despite Softer-than-Expected Core PCE Inflation

US Dollar Strikes Back as the ECB Takes a Dovish Tilt. Will the DXY index recover?

US Dollar, DXY Index, ECB, Fed, Crude Oil, EUR/USD, GBP/USD, USD/JPY – Talking Points The US Dollar defied rumours of its demise today after a solid bounce back The ECB rate hike and a ‘meeting by meeting’ approach undermined EUR/USD Treasury yields continued their slide. Will that undermine the DXY Index?

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