• October 5, 2022
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US Dollar Faces Support Ahead of High Importance US Data

The dollar sell-off faces sizeable support as upcoming US data (services PMI and NFP) are likely to dictate shott-term direction in USD...
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  • October 5, 2022
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Bitcoin (BTC) Technical Outlook – Long-Term Downtrend Remains in Play

Bitcoin is testing the longer-term downtrend and unless this can be broken convincingly, a drop back to multi-month support looks increasingly likely....
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  • October 5, 2022
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Euro Forecast: Euro Resumes Parity Dance with the Dollar as Fed Pivot Chatter Cools

The Euro retreated from parity to the dollar in European trade as investors weigh the possibility of a dovish Fed. NFP and ISM data become the focus for the rest of the week....
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  • October 5, 2022
  • Market News
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How Forex Traders Use ISM Data

Forex traders closely watch ISM monthly manufacturing reports. Learn to trade using ISM data....
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  • October 5, 2022
  • Market News
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Gold Price Rally Blocked by Resistance, Key US Jobs Report Nears

The precious metal has been on a strong run of late, fueled by lower US rate expectations. Traders are now looking ahead to the latest US jobs report....
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  • October 5, 2022
  • Market News
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British Pound (GBP/USD) Forecast: PM Truss in Focus Ahead of UK and U.S. Services PMI’s

Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15....
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  • October 5, 2022
  • Market News
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Euro Holds High Ground as US Dollar Subdued on Market Optimism. Where to for EUR/USD?

The Euro is approaching parity again after US Dollar gave up some ground in light of a rosier outlook on the back of a perceived peak in hawkishness. If the Fed talks tough again, will EUR/USD head lower?...
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  • October 5, 2022
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Dollar Slide Aligns to Rebound in Risk Trends but What About Rates and Recession Forecasts?

Risk appetite has extended its exceptional start to October and the fourth quarter with the S&P 500 earning its biggest two-day rally since April of 2020. Given the lack of tangible fundamental support behind this move, I remain dubious of its consistency. That said, the Dollar’s retreat from ...
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  • October 5, 2022
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Crude Oil Price Climbs Ahead of OPEC+ Meeting and a Sunny Outlook. Where to for WTI?

Crude oil continues to nudge higher in anticipation of flagged OPEC+ production cuts and the positive mood for markets more broadly. If supply is constrained will WTI go higher?...
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  • October 5, 2022
  • Market News
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New Zealand Dollar Surges Against US Dollar, Australian Dollar After RBNZ Delivers 50-Basis Point Rate Hike

The New Zealand Dollar rose in immediate reaction to the Reserve Bank of New Zealand hiking its official cash rate (OCR) by 50-basis points, as expected....
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