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The Commodities Feed: Oil Trades Softer
Article By:
ING Economics
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Monday, February 12, 2024 7:27 AM EDT
Crude oil has been softer amid some optimism around the Israel-Hamas conflict. Speculators trimmed their net longs last week as supply risks in the Middle East have eased for now.
Will Soft US CPI & Retail Sales Mark End Of Interest Rate Adjustment And Help Cap Greenback?
Article By:
Marc Chandler
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Saturday, February 10, 2024 8:36 AM EDT
The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. The first Fed rate cut has been pushed out of March and odds of a May move have been pared to the lowest since last November.
Sterling Moves Back Into Previous Trading Range, But Will It Hold?
Article By:
Marc Chandler
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Wednesday, February 7, 2024 7:16 AM EDT
The dollar is trading with a slightly heavier bias as some of its recent gains are pared. Sterling has moved back into the $1.26-$1.28 trading range that dominated since the middle of last December until the start of this week.
Week Ahead: Too Early For Central Banks To Move, And Q4 GDP To Showcase US Economic Resilience
Article By:
Marc Chandler
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Saturday, January 20, 2024 1:40 PM EDT
The preliminary University of Michigan's January survey showed rising consumer confidence and easing of one-year inflation expectations. The flash January PMIs will likely underscore that many large countries are struggling.
Pairs In Focus This Week - Sunday, Jan. 14
Article By:
Christopher Lewis
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Sunday, January 14, 2024 3:00 PM EDT
The euro moved rather choppily over the course of an already noisy trading week, as the 1.10 level continued to offer significant resistance. If it manages to break above that mark, it could open up a move to the 1.1150 level.
Dollar Off To Best Start To A Year Since 2005
Article By:
Tyler Durden
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Saturday, January 6, 2024 8:40 AM EDT
The U.S. Dollar Index peaked in fall of 2022, the highest it had been in nearly two decades, rising in response to aggressive interest rate hikes. In 2023, the U.S. Dollar Index declined from its highs while still maintaining a fairly elevated level.
What Is Going On In Mexico?
Article By:
Macro-Ops
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Tuesday, January 2, 2024 3:20 AM EDT
In this week’s Dirty Dozen we go over the 2023 leaders and losers, look at whom shifting momentum is favoring going into 24’, dive into our favorite names and plays within those markets, look at improving liquidity, stretched sentiment, and more.
Forex Today: A New Year Arrives, Focus Turns To US Labor Market Data
Article By:
FXStreet
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Saturday, December 30, 2023 10:39 AM EDT
An exciting beginning of the 2024 trading year lies ahead. Next week, economic reports include the US and Canada Job Reports, as well as inflation figures from the Eurozone. The FOMC will also release the minutes of its latest meeting.
Mapped: How Much Of The World Is Covered By Croplands?
Article By:
Jeff Desjardins
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Friday, December 29, 2023 9:50 PM EDT
Interestingly, even though Africa (17%) and South America (9%) held lower percentages of the world’s croplands, they saw the highest expansion in croplands since 2000:
In this article: DBA
Forex Today: Markets Await Bank Of Japan Policy Clarification
Article By:
Daily Forex
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Monday, December 18, 2023 7:42 AM EDT
The Bank of Japan has begun a 2-day policy meeting, which is expected to signal under what conditions the Bank will finally begin to move away from its ultra-loose monetary policy.
Argentina Devalues The Peso By A Whopping 54 Percent, What’s The Purchasing Power Loss?
Article By:
Mish Shedlock
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Wednesday, December 13, 2023 7:54 AM EDT
Argentina’s President Javier Milei announced a new exchange rate of 800 Argentine Pesos per US dollar, officially devaluing the peso by 54 percent.
Fed To Express More Confidence That Policy Is Sufficiently Restrictive Despite The Easing Of Financial Conditions
Article By:
Marc Chandler
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Wednesday, December 13, 2023 7:07 AM EDT
The dollar is trading with a firmer bias ahead today ahead of the outcome of the FOMC meeting. Standing pat for two meetings was framed as a pause, being unchanged for a 3rd meeting is understood as the end of the current aggressive tightening cycle.
Week's Main Events (December 11 – December 15)
Article By:
JustMarkets
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Monday, December 11, 2023 8:11 AM EDT
This will be the most economically rich week of the month and maybe of the whole quarter. The world's leading central banks (US Fed, ECB, BoE, SNB, and Norges Bank) will hold monetary policy meetings.