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Fundamental Analysis

The Dollar Upside is Limited but Remains Possible as Bulls Stand Firm

The dollar is shrugging off a wave of shorts that led to decline of the US currency index from 94.00 to 93.50 area on Tuesday. The decline has been countered with vehement opposition of bulls as early...

Market Looking For December BOE Hike Following CPI Release

CPI Stalls, But Still Above TargetThe latest set of UK inflation data released today showed that CPI softened somewhat over the last month. Following the record surge in August, when prices rose to...

US Dollar is Near Critical Support Level. What's Next?

After reassessment of the pace of policy tightening by major central banks on Monday, which led to a sharp rise in short-term bond yields (German 2-year Bunds +5 bp, 2-year Treasuries +4 bp), trading...

AUD Well Bid Despite RBA Inflation Comments

AUD In DemandThe Australian Dollar has been well bid across the European today following the release of the bank’s latest meeting minutes overnight. In the release the bank noted that it expects...

Big Move in 2Y Treasury Yields Indicate Markets are Worried About Aggressive Fed Tightening

Despite the weak report from U. Michigan on Friday and unsettlingeconomic update from China on GDP and production on Monday, markets are busypricing in even more high future inflation. The slide in...

Key Economic Events and Reports for the Week Ahead

US retail sales report and CPI release for September have significantly increased the chances that the Fed will begin to cut stimulus in November. Therefore, the dollar has good prospects for growth...

Gold’s Prospects for Upside are Shrinking

Gold tumbled on Friday as risk-taking mood gained momentum thanks to higher bond yields, stronger USD and prospects of global expansion. However, gold weekly returns were the strongest since late...

Has the USD Rally Lost its Steam? Technical Charts Suggest That it Hasn’t

US September PPI change somewhat eased market’s obsession related to the story of global cost-push inflation and pressure on central banks to act. Input prices rose 0.5% MoM, while core PPI, which is...

FOMO Friday: CADJPY Hits Highest Level Since 2015

CADJPY Takes Off The final quarter of the year is really kicking off with a bang and as we round out another week, there have been plenty of big moves to focus on. In the FX space, the big move that...