I expect concerns about the Fed to weigh on sentiment ahead of the FOMC, and we may be seeing the beginnings of that now. SandP 500 futures are down 16 points, or 0. %....
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DOLLAR STRENGTH COULD CONTINUE INTO THE EARLY PART OF 2023 – WELLS FARGO
According to analysts at Wells Fargo, the strength of the US dollar could persist more than previously estimated after the events of this week that includes rate hikes from many central banks and the...
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Risk Sentiment Sours on FOMC Minutes; Natural Gas Hits Record High; UK Inflation Exceeds 10%
Yesterday’s release of the minutes of the most recent FOMC meeting show that several members are concerned about the potential impact of the continuing rate hikes on growth, but there is a clear consensus...
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GBP/USD Forex Signal: Double-Top Pattern Forms Ahead of FOMC Minutes
Bearish View Set a sell-stop at 1.2000 and a take-profit at 1.1900. Add a stop-loss at 1.2200. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2135 and a take-profit at 1.2250. Add a...
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1 Minute
Dow Jones Technical Analysis: Index Continues to Rise
The Dow Jones Industrial Average Index continued to rise during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 1.27%. It added about 424.38 points, and settled at the end...
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Dollar gives back some of its post-NFP gains
Markets are still digesting how the hot US jobs report last week will have an impact on the FOMC meeting next month. After running with the idea of a more hawkish Fed on Friday,...
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A near empty calendar day in Europe
The dollar was lightly softer in trading yesterday but key levels are still holding for the most part. With the Fed in focus, markets may not gather too much conviction until we get to the...
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UK labour market report on the agenda in Europe today
It is a calmer start to the new day as we start to settle into a bit more of a push and pull before the FOMC meeting next week. Equities observed a positive start...
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Not 'material’ enough
It was always going to be rather subjective. At the end of the day, it seems like the verdict was that the US retail sales last week isn’t enough to shift the Fed perception for a...
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