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DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish reaction off the 1st resistance and fall towards the 1st support. The 1st resistance level at 102.61 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci retracement level. Higher […]

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09/03/2024

US February Employment: The Devil Is in the Details

Summary Another strong beat in payroll growth in February masked other signs of softening in the jobs market. Nonfarm payrolls surpassed consensus expectations for a 200K increase by rising 275K last month, with gains broadly-based across industries. Even with some meaningful downward revisions to the prior two months, the three-month average pace of job growth […]
12/01/2024

AUD/USD and NZD/USD Eye Key Upside Break

AUD/USD is moving higher and might rally if it clears 0.6725. NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6680 and 0.6695 levels against the US Dollar. There is a […]
14/05/2024

Morning Report

Key themes: Markets were in a holding pattern overnight as investors await key US inflation data later this week. US Fed Chair Powell is also due to speak, possibly providing further insights on future rate moves. US equities were mixed and lack direction for most of the session. US bond yields were broadly unchanged, with stronger […]