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Weekly Commentary: Instability
Article By:
Doug Noland
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Sunday, May 5, 2024 5:08 AM EDT
Powell is a dove which should not have surprised us. There was justification for market expectations of a more hawkish FOMC and Chair. Inflation has been sticky, and the current trajectory unclear.
Speculator Extremes: Copper, Silver & Commodities Index Lead Bullish Positions
Article By:
Zachary Storella
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Sunday, May 5, 2024 1:00 AM EDT
This week's Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Charted: What Southeast Asia Thinks About China & The U.S.
Article By:
Jeff Desjardins
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Saturday, May 4, 2024 8:00 PM EDT
A significant share of respondents from all 10 participating countries are worried about rising influence from both the U.S. and China. Almost every ASEAN nation has a clear preference for one superpower over the other.
FX Speculators Reduce Bearish Bets For Yen, Canadian & Australian Dollars
Article By:
Zachary Storella
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Saturday, May 4, 2024 7:17 PM EDT
The COT currency market speculator bets were higher this week as eight out of the eleven currency markets we cover had higher positioning while the other three markets had lower speculator contracts.
GBP/JPY Floundered Near 192.00 After Suspected BoJ Interventions Flattened Markets
Article By:
Joshua Gibson
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Saturday, May 4, 2024 4:14 PM EDT
The GBP/JPY currency pair was seen trading flat near the 192.00 handle on Friday, as the Bank of Japan has been suspected of directly intervening in Forex markets to prop up the battered Japanese yen.
May 2024 Monthly
Article By:
Marc Chandler
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Saturday, May 4, 2024 9:58 AM EDT
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance.
AUD/USD Weekly Forecast: Odds Of Fed Rate Cut In Sept.
Article By:
Yohay Elam
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Saturday, May 4, 2024 8:40 AM EDT
The dollar had its worst week in over two months. Poor employment figures from the US increased the likelihood that the Fed will cut rates in September.
AUDUSD Analysis & AUDUSD Price Prediction Forecast - Saturday, May 4
Video By:
Frano Grgic
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Saturday, May 4, 2024 4:11 AM EDT
Today you will see AUDUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for AUDUSD. What to expect where the price will breakout for the AUDUSD based on the supply and demand zones.
Softs Report - Friday, May 3
Article By:
Jack Scoville
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Friday, May 3, 2024 2:45 PM EDT
Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.
In this article: CANE
Japanese Yen
Article By:
Brian Romanchuk
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Friday, May 3, 2024 12:30 PM EDT
The decline of the Japanese yen — recently stabilized by a round of intervention — has brought forth the usual “currency crisis” discussion from the usual suspects. I cannot say that I am following Japan closely right now, so I'll make a few points.
In this article: FXY
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 10:56 AM EDT
EUR/JPY continues to lose ground amid potential market intervention by Japanese authorities. BoJ data showed that Japanese authorities possibly expended approximately ¥6.0 and ¥3.66 trillion on Monday and Wednesday, respectively, to bolster the JPY.
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
Article By:
Filip Lagaart
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Friday, May 3, 2024 6:55 AM EDT
The Japanese Yen is set to lock in a staggering performance for this week against the US Dollar. The Yen has appreciated over 3% following Japan’s intervention to propel the currency and the Fed’s less-hawkish rhetoric.
Is The NFP Cat Out Of The Bag?
Article By:
Stephen Innes
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Friday, May 3, 2024 3:40 AM EDT
The dovish Powell lean is still reverberating across global markets,