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Monthly Forex Seasonality – November 2022: Stocks Rally, US Dollar Ranges, Gold Falls

Monthly Forex Seasonality – November 2022: Stocks Rally, US Dollar Ranges, Gold Falls

The eleventh month of the year typically sees a more neutral environment for the US Dollar....
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US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed

US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed

US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected....
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Crude Oil Price Forecast: Symmetrical Triangle Still Valid – What’s Next?

Crude Oil Price Forecast: Symmetrical Triangle Still Valid – What’s Next?

It’s been a sideways, rangebound environment for crude oil prices that appears likely to persist for the foreseeable future....
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USD Strength, Rising Yields Crush Stock Indices: Dax, Dow & FTSE Fall

USD Strength, Rising Yields Crush Stock Indices: Dax, Dow & FTSE Fall

The FOMC created turmoil for stocks after Fed Chair Jerome Powell announced that higher rates are likely to remain. As the US Dollar rips higher, Dax,...
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Australian Dollar Short-term Outlook: AUD/USD at Last Line of Defense

Australian Dollar Short-term Outlook: AUD/USD at Last Line of Defense

Australian Dollar is poised for a sixth daily decline with Aussie eyeing short-term uptrend support ahead of NFPs. Levels that matter on the AUD/USD t...
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ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

October U.S. services sector PMI clocks in at 54.4 versus 55.5 expected, a big step down from the previous month reading of 56.7, a sign that economic...
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British Pound Breaks Down on BoE’s .75% Hike: GBP/USD, GBP/JPY

British Pound Breaks Down on BoE’s .75% Hike: GBP/USD, GBP/JPY

It was a sobering outlook from the Bank of England, warning of a ‘very challenging’ environment ahead for a U.K. economy that is already in recess...
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Oct 25, 2022 05:00 GMT when EUR/GBP traded near 0.87.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Oct 25, 2022 05:00 GMT when EUR/GBP traded near 0.87.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bu...
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Gold Price Set Up for More Losses

Gold Price Set Up for More Losses

Gold continues to trade heavy below major support with a pattern developing that suggests more losses to come....
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