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S&P 500 Falls on Higher US CPI and Hawkish Fed Comments, APAC Stocks Poised Lower

Posted by By 11/02/2022Posted inForex
Wall Street equities fell after a stronger-than-expected US inflation report spurred fears about more aggressive Fed tightening. The 10-year Treasury yield topped 2%. APAC markets look set to open ...
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AUD/USD Takes One-Two Punch From US CPI-Charged Dollar, RBA Chief Commentary

Posted by By 11/02/2022Posted inForex
AUD/USD, after a lofty shift higher, fell on a hot US CPI print that charged the US Dollar. Asia-Pacific markets may end the week on the back foot today as…
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USD/JPY Rally Raises Scope for Yearly Opening Range Breakout

Posted by By 10/02/2022Posted inForex
The recent rally in USD/JPY raises the scope for a break of the yearly opening range as it extends the series of higher highs and lows from the monthly low…
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Nasdaq 100 Dives as 40-Year High Inflation Boosts Case for Aggressive Rate Hikes

Posted by By 10/02/2022Posted inForex
Nasdaq100 plunges in freefall as mounting price pressures in the U.S. economy fuel bets that the Fed will be aggressive in withdrawing pandemic-era stimulus to quell inflation.
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Gold Price Stages Five-Day Rally for First Time Since November

Posted by By 10/02/2022Posted inForex
The price of gold may continue to retrace the decline from the November high ($1877) if it manages to clear the opening range for 2022.
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Australian Dollar Technical Analysis: Failure at Significant Resistance – Setups in AUD/JPY, AUD/USD

Posted by By 10/02/2022Posted inForex
Both AUD/JPY and AUD/USD rates have been rejected from critical resistance levels.
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USD/MXN Points Lower As Bank of Mexico Raises Overnight Rate by 0.50%

Posted by By 10/02/2022Posted inForex
USD/MXN was unchanged as the Bank of Mexico elected to raise the country's benchmark interest rate by 0.50%.
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AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jan 14, 2022 when AUD/USD traded near 0.72.

Posted by By 10/02/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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US Dollar Forecast: DXY Index’s Ugly Turn After CPI; USD/JPY Triangle Breakout

Posted by By 10/02/2022Posted inForex
The US Dollar (via the DXY Index) has reversed dramatically after the January US inflation rate report (CPI).
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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Posted by By 10/02/2022Posted inForex
Mixed signals are coming from BOE and ECB policymakers in recent days.
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