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Fundamental Analysis

FOMO Friday: USDJPY Drop Deepens

USDJPY Drop Deepens The holiday season is fast approaching but markets are showing little sign of slowing down. It’s been another busy week across the board with plenty of big moves and key...

Powell Speech Presses Dollar Against Key Support Level

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed...

The Crude Chronicles - Episode 165

Oil Traders Cut Longs Last WeekThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts...

IMF Warns Of China Econ Downgrade Over Covid Policy

IMF Concerns Over China Covid PolicyThe focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s...

Dovish ADP Sends Dollar into Decline as Markets Price in a Soft NFP Report

Inflation in the EU declined more than expected, from 10.6% to 10% in November. The main contribution to the favorable dynamics was made by energy prices. The market, as well as the ECB, will be...

EURUSD poised to extend downside trend after dovish German inflation report

Buying pressure in equity markets remained quiet on Tuesday, cyclical stocks dipped due to worsening global economic prospects. The mass protests in China against the harsh lockdowns and the continued...

Powell and NFP Risk may Renew Demand for Battered USD

The intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more worried...

Precious Metals Monday 28-11-2022

Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh...

Dollar Flirts with Key Support Levels Indicating a Rebound may be in the Cards

DXY rebounded from the short-term support area of 105.50 after the dip following the release of the FOMC Minutes. The bounce is more of a technical one as EURUSD formed a double top at the 1.0450 zone...