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FOMC Minutes Preview
The Fed Minutes are out later today and all eyes will be on the central bank release to see just how much the narrative has really shifted. Special Report
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The shifting narrative
The big story into the mid-week is the shifting narrative around Fed policy expectations. The market has clearly scaled back expectations around Fed rate hikes, with a round of softer economic data out of the US further contributing to this scaling back. Audio update Technical highlights EURUSD Looking for lower top GBPUSD Well supported into […]
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More correction than recovery
We’ve been warning against expectations that the recovery in risk assets is anything more than a correction. And already into Tuesday we’re seeing this play out a bit, with risk assets under pressure. Audio update Technical highlights EURUSD Looking for lower top GBPUSD Well supported into dip USDJPY Bearish reversal in play AUDUSD Trying to […]
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More technical than bullish
There has been a lot of talk about the rebound into last Friday’s US equities close which prevented stocks from officially trading in bear market territory. Audio update Technical highlights EURUSD Looking for lower top GBPUSD Well supported into dip USDJPY Bearish reversal in play AUDUSD Trying to make recovery USDCAD Higher low sought out […]
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A glimpse of light ahead of weekly close
US markets continue to embrace the probability of recession and this reality is a reality that has factored into a good chunk of the risk off flow we’ve been seeing out there. Audio update Technical highlights EURUSD Room for drop to parity GBPUSD Gravitating to 2019 low USDJPY Bearish reversal in play AUDUSD Aussie tests […]
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Stagflation risk haunts financial markets
The market can’t seem to get away from worry around stagflation risk in 2022, and for good reason, with inflation continuing to shoot up, all while we’re seeing signs of slowdown in growth. Audio update Technical highlights EURUSD Room for drop to parity GBPUSD Gravitating to 2019 low USDJPY Bearish reversal in play AUDUSD Aussie […]
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A different kind of ‘Don’t Fight the Fed’
For many years, it was all about ‘don’t fight the Fed’ with respect to betting against additional monetary policy accommodation. These days, that mantra is still going strong, except for the fact that now, it’s all about ‘don’t fight the Fed’ with respect to betting against monetary policy normalization. Audio update Technical highlights EURUSD Room […]