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Sterling Makes Progress, but Broader Bearish Posture Holds
British Pound, GBP/USD, EUR/GBP – Technical Update:
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The British Pound has been making upside progress against the US Dollar and Euro. With regards to…
Gold Price Rallies as US Dollar Slips and Volatility Ticks Up. Higher XAU/USD?
Gold, XAU/USD, US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking PointsThe gold price has held the high ground going into Tuesday’s trading sessionTreasury yields appear to have rolled over after making new highs…
USD/JPY falls under 148.30 as risk-off flows dominate jumpy markets, Japanes Current Account flubs…
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The USD/JPY fell back into familiar lows for Monday, declining through the 149.00 handle to trade…
Crude Oil Price Surge in Focus After Hamas Attacked Israel, Retail Bets Remain Bullish
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities UpdateCrude oil prices gapped upward, ended Monday 4.35% higherHamas’s attack on Israel may have oil disruption implicationsRetail bets are still net-long,…
Aussie fails to capitalize on market flows, AUD/NZD ends Monday with a new five-month low
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The AUD/NZD caught a late-Monday bump to 1.0680, but quickly fell back into familiar territory.
The…
Dollar Index (DXY) Retreats Helping USD/JPY Tick Lower, 145.00 Incoming?
JAPANESE YEN, DXY PRICE, CHARTS AND ANALYSIS:Most Read: Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ (Top Trade Q4)YEN FUNDAMENTAL BACKDROPThe Japanese Yen has been a surprise beneficiary of the tension in the…
Dives on safe-haven flows towards the Yen
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GBP/JPY dips 0.45% to 181.80, as rising Israel-Hamas conflict propels Yen’s safe-haven appeal.…
OPEC Raises Demand Forecast as Middle East Tensions Boost WTI/Oil Prices, What Now?
OIL PRICE FORECAST:Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices have held relatively steady through the European session following the gap in prices over the weekend. WTI closed last week at $82.74 a barrel…
Event Guide: U.S. CPI Report (September 2023)
Another batch of inflation numbers from Uncle Sam will be released this week!
Can these still influence expectations for Fed tightening? And how may the Greenback respond to the data?
Let’s take a look to see what market participants…
WTI Crude Oil testing below $85 after a bump higher on Gaza conflict, supply concerns mount over…
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WTI sees a topside jump to kick off the trading week.
Middle East stability concerns are…