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When too much bad news is simply bad news
We’ve seen a tremendous amount of success around the bad news is good news narrative. But sometimes, too much bad news can actually still have the intuitive impact of shaking up the market. Audio Update Technical highlights EURUSD Case for longer term bottom GBPUSD Setbacks should be supported USDJPY Closing in on previous resistance AUDUSD […]
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Slumping Empire Fed and discouraging Goldman earnings
Tuesday’s round of economic data around the globe was mostly better than expected, though we did see some tension out of the US from a discouraging empire Fed survey and not so great earnings results from Goldman Sachs. Audio Update Technical highlights EURUSD Case for longer term bottom GBPUSD Setbacks should be supported USDJPY Closing […]
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China data exceeds expectation
The market is already digesting its first big batch of data for the day, this after a round of China reads came out. On the whole, despite the data weakening from previous prints, the results were a net positive relative to expectation. Audio Update Technical highlights EURUSD Case for longer term bottom GBPUSD Setbacks should […]
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Looking good from all sides
The latest wave of upbeat sentiment in global markets has come from the combination of expectations inflation is peaking in the US, enthusiasm around the China reopening, and relief out of Europe that many major banks now see the Eurozone economy avoiding a winter recession. Audio Update Technical highlights EURUSD Case for longer term bottom […]
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Fed pivot trade gets another boost
The Fed pivot trade got another boost on Thursday, this after US CPI declined further in December. Traders are now fully embracing a 2023 Fed policy turnaround despite still higher core services inflation reads and strong employment numbers. Audio Update Technical highlights EURUSD Case for longer term bottom GBPUSD Setbacks should be supported USDJPY Closing […]
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US CPI Preview
The market has been waiting for today’s big calendar event in the form of US CPI data, and we suspect the result could have a meaningful impact on price action. Special Report
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Plenty of confidence ahead of key calendar event
The upbeat tone has continued into the latter half of the week, with stocks rallying and the US Dollar on the defensive. The market is really pushing for a less aggressive Fed going forward and is positioning for another miss on that highly anticipated US CPI print due later today. Audio Update Technical highlights EURUSD […]