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S&P 500 Yearning Channel Breakout Amidst Overbought Condition
Article By:
Paban Pandey
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Monday, July 17, 2023 10:01 AM EDT
The S&P 500 is attempting to break out of a rising channel at a time when metric after metric is yelling overbought.
Weekly Forex Forecast - Sunday, July 16
Article By:
Daily Forex
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Sunday, July 16, 2023 6:01 PM EDT
Market sentiment is completely dominated by the lower-than-expected US CPI data, which was released last week, showing a fall in the annualized rate from 4.0% to 3%, below the 3.1% which was expected.
GBP/USD Weekly Forecast: July 17- 21
Article By:
Daily Forex
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Sunday, July 16, 2023 7:58 AM EDT
The GBP/USD broke through resistance levels, sustained prices and then produced more price velocity upwards last week.
EUR/USD Forecast: Signal As Hopes Of Fed And ECB Divergence Rise
This Week's CoT And What It Says About Markets And Buyers
Article By:
Paban Pandey
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Sunday, July 16, 2023 2:11 AM EDT
Sellers are on strike. They have been for a while now. This has given equity bulls an opportunity to use any positive data point – perceived or real – to their advantage. This week, a softer-than-expected CPI print for June did the trick.
Softs Report - Friday, July 14
Article By:
Jack Scoville
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Friday, July 14, 2023 12:57 PM EDT
Coffee markets closed higher yesterday as the US Dollar moved sharply lower.
In this article: BAL (RETIRED), NIB (RETIRED), JO (RETIRED), SGG (RETIRED)
Grains Report - Thursday, July 13
Article By:
Jack Scoville
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Thursday, July 13, 2023 12:34 PM EDT
Wheat markets were lower in response to the USDA production reports that showed much higher Winter Wheat production than the market expected.
The Commodities Feed: Brent Breaks Above $80
Article By:
ING Economics
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Thursday, July 13, 2023 9:12 AM EDT
A below-consensus US CPI release has provided a boost to the commodities complex, with it weighing on the USD and leading to a rethink on how much more hiking there is to come from the Federal Reserve.
US 2023/24 Stocks Change Modestly, But Weather Stays Important
Article By:
Jerry Gidel
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Thursday, July 13, 2023 4:15 AM EDT
Despite lower June US quarterly corn and soybean stocks than expected, the World Board reduced its old-crop export outlooks which raised beans and prompted just a modest decline in corn’s 2022/23 ending stocks.