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Daily Reports

Today’s report: Maybe think twice before buying that dip

Quite a change from where we were when the week got going, to where we are now, as the week gets set to close out. Stocks had been on fire, while the US Dollar was selling off, extending these recent trends, before everything turned around in a big way into the latter portion of the week.   read report

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Wake-up call

Next 24 hours: Not a lot of love for markets on Thursday

Today’s report: Investors don't take kindly to Fed decision

The other week, we warned the run of Dollar weakness would soon stall out, with the Buck stretched into oversold territory and begging for a bounce. On Wednesday, investors didn’t take kindly to the Fed decision, after the central bank communicated a less upbeat outlook, and this has resulted in flight to safety flow, which has benefited the Buck.   read report

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Wake-up call

Standstill ahead of key event risk

Special report: Breaking down the Fed Decision

Today’s report: Standstill ahead of key event risk

Markets have come to a bit of a standstill into Wednesday, and the price action is understandable after seeing the recent moves we’ve seen, on top of the fact that we’re heading into some important event risk later today in the form of the FOMC policy decision.   read report

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Wake-up call

Next 24 hours: Disconnect between currencies and stocks

Today’s report: What's up with all this Yen demand?

The trend over the past several sessions has been one of higher stocks and a lower US Dollar. Into Tuesday, we’re seeing some evidence of a breakdown in this correlation. Stocks continue to hold up, though currencies have been giving back some gains against the Buck. The biggest standout here has been the Yen.   read report

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Wake-up call

Are things really that great?

Next 24 hours: Profit taking kicks in on EUR, GBP longs

Today’s report: Are things really that great?

We come into the new week with the market feeling great about Friday’s much better than expected jobs report out of the US. Stocks have once again extended their run, after an already impressive jump on Friday, while currencies remain bid against the US Dollar for the most part.   read report

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Wake-up call

Today’s report: Reconciling the disturbing disconnect in the global economy

We came into the week with stocks running up and the US Dollar in decline, and that’s where we’re at as the week gets set to close out. The bottom line right now is this. Tail risk associated with pandemic fallout has become a lot less worrisome to investors, with things calming down and economic data rebounding as a consequence.   read report

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Wake-up call

Special report: ECB Decision Preview

Today’s report: Will an active Thursday calendar inspire volatility?

It’s an active economic calendar on Thursday and we’ll see if any of it inspires meaningful volatility. We come into Thursday after yet another round of broad based US Dollar outflow and demand for stocks. Some of the notable standouts on today's calendar include the ECB policy decision and US initial jobless claims.   read report

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Wake-up call

Recent trend may come to an end

Next 24 hours: Message from the charts

Today’s report: Recent trend may come to an end

It’s been the same story for many days now. Stocks have been in rally mode, while the US Dollar has been selling off. All of this because of a less worrying global economic recovery outlook in the aftermath of the pandemic, and reassurances from governments and central banks of more stimulus should things turn south again.   read report

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Wake-up call

Next 24 hours: Dollar sell-off at risk of reversing in sessions ahead

Today’s report: Big picture themes in focus on light calendar day

On Tuesday, we’ll get some second tier data out of the UK and that’s about it as far as what the thin economic calendar has to offer. Earlier today, New Zealand trade data was discouraging, though this didn’t weigh all that much on a rallying Kiwi that’s been largely benefitting from the concurrent waves of risk on, US Dollar off.   read report

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Wake-up call

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