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US Ratings Downgrade Conundrum Unpacked

US Ratings Downgrade Conundrum Unpacked

The dollar rallied as US Treasury yields fell supplemented by an ADP employment change beat ahead of the US trading session....
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Japanese Yen Analysis: BoJ Minutes, US Credit Downgrade Cools Yen Selloff

Japanese Yen Analysis: BoJ Minutes, US Credit Downgrade Cools Yen Selloff

The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little imp...
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Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher

Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher

The DXY appears to have shrugged off a downgrade by Fitch Ratings to continue high following the European Open. Can the US Dollar sustain the upward m...
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FTSE 100 and Dax Weaken Sharply, Dow Losses Remain Contained​​​​

FTSE 100 and Dax Weaken Sharply, Dow Losses Remain Contained​​​​

European indices have fallen sharply in early trading, but the Dow is only slightly lower despite the US credit rating downgrade last night....
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 20, 2023 when FTSE 100 traded near 7,644.70.

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 20, 2023 when FTSE 100 traded near 7,644.70.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-be...
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AUD Price Forecast: US Ratings Downgrade Burns Pro-Growth Aussie

AUD Price Forecast: US Ratings Downgrade Burns Pro-Growth Aussie

AUD prices have been rocked by the US ratings downgrade but has managed to find support against the NZD as market keenly await ADP data later today....
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British Pound Might be in Trouble as Retail Traders Turn Net-Long GBP/USD

British Pound Might be in Trouble as Retail Traders Turn Net-Long GBP/USD

The British Pound continues to be pressured by the US Dollar. Now, retail traders have turned net-long GBP/USD. Is this a signal that further pain is ...
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Crude Oil Eyes New Highs Despite Risk Aversion Elsewhere on Fitch Decision

Crude Oil Eyes New Highs Despite Risk Aversion Elsewhere on Fitch Decision

The crude oil price has maintained overnight gains despite a tough day for risk assets after Fitch downgraded US sovereign debt saw equity markets ret...
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Euro Lifted Slightly by US Downgrade, but Will it Last? EUR/USD, EUR/AUD, EUR/NZD Price Action

Euro Lifted Slightly by US Downgrade, but Will it Last? EUR/USD, EUR/AUD, EUR/NZD Price Action

EUR appears to be slightly supported after Fitch downgraded US ratings. Still, monetary policy and growth differentials suggest the single currency is...
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