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EUR/USD: Weak Inflation = Weak USD The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895. The first blow came on Tuesday, 14 May, from Federal Reserve […]

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The Weekly Bottom Line: Inflation Breaks Its Heat Streak

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EUR/USD Restarts Increase, Can Bulls Take Over?

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12/03/2024

Sterling Loses Ground on Just-Below Consensus Labour Market Data

Markets Friday’s bearish engulfing pattern at record levels for the S&P 500 and Nasdaq (potential short term trend reversal) met with some more weakness in futures trading and at the opening bell, but follow-up losses remained contained to 0.11% and 0.41% respectively as some investors are still looking to buy into every minor dip. Adding […]
26/01/2024

WTI Oil: Bulls Hold Grip But May Take a Breather on Overbought Daily Studies

WTI oil remains at the front foot and trading near one-month high, posted on Wednesday, after release of crude inventories report. Much stronger than expected drop in US crude stocks, mainly caused by bad weather, added to existing bullish near-term structure and lifted the price above pivotal Fibo barrier at $75.04 (61.8% of $79.57/$67.70 descend). […]
26/07/2024

Events, My Dear Readers, Events

It helps to have a framework for thinking through the different events that might come along and surprise us. Some things are just lumps and bumps along the way, while others are genuinely forks in the path ahead. The past few weeks have been big ones for news. An assassination attempt, a Presidential withdrawal and […]