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Is it Safe to Set Sell Orders at 150.000 for USD/JPY Now?
Is it Safe to Set Sell Orders at 150.000 for USD/JPY Now? The USD/JPY recently fell significantly after it crossed the 150.000 mark, prompting speculation about possible BoJ intervention. Tuesday’s intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and…
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05 October 2023
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Gold’s Jackson Hole Rally: What’s Next?
Gold’s Jackson Hole Rally: What’s Next? Gold showed upward momentum, supported by lower bond yields and a weakened USD due to economic data. For downside risk, bears may again target the $1880 and $1885 resistance if the price falls back below $1908 level (200 SMA). Immediate upside risk is potentially restricted at $1920 (20 SMA)….
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23 August 2023
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Crunch Time: Will Sellers Break the Barrier? GBPUSD in Focus
Crunch Time: Will Sellers Break the Barrier? GBPUSD in Focus Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. Traders are ramping up their expectations for the Bank of England to implement additional interest rate hikes while increasingly…
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17 July 2023
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US Inflation Trading Opportunities Ahead
US Inflation Trading Opportunities Ahead The next two days of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday, as well as the market being (over?) confident that the Fed is going to pause its rate hiking cycle on Wednesday. According to the CME…
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12 June 2023
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Why the Mexican Peso Surged Against the USD?
Why the Mexican Peso Surged Against the USD? The Mexican peso gained strength to 17.544, its highest value since July 2017. For fundamental context, Banxico increased rates to an all-time high of 11.25% in March, despite a decrease in annual headline inflation that was greater than expected. On Wednesday, the US dollar decreased in value…
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10 May 2023
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Gold Targets if the Fed Pauses Rate Hikes
Gold Targets if the Fed Pauses Rate Hikes Gold is particularly sensitive to the rates outlook because lower interest rates reduce the opportunity cost of holding non-yielding gold. If the Fed does decide to pause rate hikes in May, how might we expect the price of gold to react? Gold Targets: Gold has surged its…
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05 April 2023
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Will Bitcoin Climb or Collapse as Bank Chaos Subsides?
Will Bitcoin Climb or Collapse as Bank Chaos Subsides? It appears that the risk of other banks going under is subsiding, which may also stifle the upside potential of Bitcoin moving forward. Elsewhere, the Commodity Futures and Trading Commission has filed a complaint against Binance and its founder Changpeng Zhao for allegedly violating US trading…
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27 March 2023
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Forex Alert: Fed Officials’ Six-Hour Speech Marathon
Forex Alert: Fed Officials’ Six-Hour Speech Marathon Fed Officials Take the Stage Will the numerous appearances of US Federal Reserve officials rock the market during the closing hours of this trading week? Over the course of six hours leading up to the market’s closing this week, we will hear from: Lorie K. Logan (Dallas Fed)…
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01 March 2023
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Yen Traders Look for Opportunity as BOJ Gains New Leader
Yen Traders Look for Opportunity as BOJ Gains New Leader In his confirmation hearings, Ueda has offered some mild criticism of the current ultra-loose policy, but has not been explicit or specific. Due to the ambiguity in Ueda’s speeches, trading opportunities may arise in JPY pairs that could be unleashed once the situation becomes clearer….
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27 February 2023
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Is the Fed Outpacing the ECB in Hawkishness?
Is the Fed Outpacing the ECB in Hawkishness? The EUR/USD pair is facing pressure as the US dollar strengthens following robust US labor market data and hawkish comments from Federal Reserve officials. ECB’s Stance and Euro Resilience The EUR/USD remains above $1.07, still close to last week’s nine-month high of $1.1034, supported by the European…
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08 February 2023
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