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Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Brent crude oil keeps its head above the 95.00 support handle ahead of OPEC’s monthly oil report (MOMR)....
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EUR/USD Technical Outlook: Tough Barrier Ahead

EUR/USD Technical Outlook: Tough Barrier Ahead

The Euro is running into pretty strong resistance that could at least temporarily stall the recent rally against the US Dollar. What is ahead for the ...
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USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jan 26, 2022 when USD/JPY traded near 114.72.

USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jan 26, 2022 when USD/JPY traded near 114.72.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bea...
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The US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

The US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

The US Dollar clawed back some ground today the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Whe...
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Gold Looks Like Neither Inflation Hedge nor Safe Haven

Gold Looks Like Neither Inflation Hedge nor Safe Haven

The gold market has continued to slide this year despite rampant inflation, Covid and geopolitical turmoil....
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USD/CNH Technical Outlook: Short-Term Pullback to Continue?

USD/CNH Technical Outlook: Short-Term Pullback to Continue?

USD/CNH’s fall below key support seems like confirmation that upward pressure has faded in the near term. What is the outlook, and what are the key ...
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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ...
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AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.

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-bu...
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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled....
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