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Geopolitical risk and the US jobs report
A round of softer economic data out of the US on Thursday had invited an initial wave of welcome Dollar selling and risk on flow, before all of it fell apart as geopolitical tension escalated on fear of conflict between Israel and Iran in the Middle East. Audio Update Technical highlights EURUSD Confined to major […]
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US jobs report preview and market impact
On Friday, we’ll get the always anticipated monthly employment report out of the US. But this time around, things could get even more exciting given where things stand heading in. Where is that exactly? Wrap-Up Call
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Counterintuitive price action
Currency and equity markets are finally back in sync into Thursday, though at the same time, they appear to be in sync but also moving in a counterintuitive direction. Everything we’ve seen of late has been supporting the case for less rate cuts than more in 2024. Audio Update Technical highlights EURUSD Confined to major […]
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Currencies and stocks out of sync
We’ve been in this weird period of trading where currencies and stocks are out of sync with one another. Key standouts on Wednesday’s calendar come from Eurozone inflation, US ADP employment, Canada PMI reads, US ISM services PMIs, and Fed speak. Audio Update Technical highlights EURUSD Confined to major consolidation GBPUSD Well supported on dips […]
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Are US equities at risk for bearish reversal?
US economic data continues to come in on the stronger side and market rate odds for a June cut at the Fed have dipped below 60%, which is the lowest June odds print for the year. The currency market has responded as one would expect, with the US Dollar well in demand across the board. […]
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Investor appetite for US Dollar and Stocks
Market conditions are pretty much exactly where they left off into the end of last week. This makes sense considering many traders around the globe being off the desks for the Easter holiday. Audio Update Technical highlights EURUSD Confined to major consolidation GBPUSD Well supported on dips USDJPY Readying for push to 155 AUDUSD Possible […]
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Thinner trading conditions expected on Good Friday
Trading conditions on this Friday will be thinner on account of many market participants being off the desks for the Good Friday holiday. Key standouts on Friday’s calendar come from US core PCE, personal income, personal spending, the goods trade balance, wholesale inventories, and a Fed Powell speech. Audio Update Technical highlights EURUSD Confined to […]