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Dow Breaks From Pattern as VIX Soars…But Why Did the Dollar Budge?

Posted by By 22/02/2023Posted inForex
There was a broad risk aversion sweeping the market with US traders back online this past session. Yet, despite a prominent breakdown from the Dow leveraging fears of risk aversion…
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New Zealand Dollar Leaps Higher after Rate Hike. Where to for NZD/USD?

Posted by By 22/02/2023Posted inForex
The New Zealand Dollar bumped up after a 50 basis point rate hike by the RBNZ despite the prospect of a slowdown due to tempestuous weather. Where to for NZD/USD?
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Natural Gas Prices Extend Losses, Bringing 2020 Lows Even Closer into Focus

Posted by By 22/02/2023Posted inForex
Natural gas prices fell the most on Tuesday since January 5th, setting the commodity up for yet another weekly loss towards 2020 lows as a key support level on the…
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Gold and Crude Oil Await Dollar Break for Their Own Commitment

Posted by By 21/02/2023Posted inForex
Despite the traction ‘risk assets’ have exhibited for bears through Tuesday’s trading session, the US Dollar doesn’t seem to have caught its safe haven wind. That has thrown an unexpected…
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USD/JPY Catapults Higher as Rally in Bond Yields Boosts US Dollar’s Appeal

Posted by By 21/02/2023Posted inForex
The USD/JPY rallies on Tuesday and challenges a key technical resistance near the 135.00 area, bolstered by rising U.S. Treasury yields
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US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Jan 20, 2023 when US 500 traded near 3,970.24.

Posted by By 21/02/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jan 20, 2023 when Wall Street traded near 33,362.50.

Posted by By 21/02/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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S&P 500 Slumps as US PMI Recovers, Economic Resilience Boosts Treasury Yields

Posted by By 21/02/2023Posted inForex
The S&P 500 extends losses following better-than-expected U.S. PMI data, as resilient U.S. economic activity raises risks that the Fed will have to keep raising rates in the near term.
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Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance

Posted by By 21/02/2023Posted inForex
Bitcoin and Ethereum price action has been on a rampant rise since the beginning of the year. With psychological resistance back in play, can the trend hold?
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Euro Price Forecast: Fading Risk Sentiment Dampens EZ PMI & ZEW Data

Posted by By 21/02/2023Posted inForex
EUR/USD slips on the back of political uncertainty despite positive eurozone PMI and economic sentiment data.
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