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Week Ahead: Have The Markets Turned?
Article By:
Marc Chandler
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Saturday, November 4, 2023 2:20 PM EDT
An inflection point may have been reached last week. Despite Chair Powell's insistence that the Fed did not adopt an easing bias and confirmed that there is still no talk of a cut, the market knows better.
Currency Speculators Drop Their British Pound Bets For 9th Week To 30-Week Low
Article By:
Zachary Storella
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Sunday, October 29, 2023 5:38 PM EDT
The COT currency market speculator bets were slightly lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.
Pairs In Focus This Week - Sunday, Oct. 29
Article By:
Christopher Lewis
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Sunday, October 29, 2023 3:20 PM EDT
The euro formed a bit of an inverted hammer as it continued to bounce in a bearish flag. This is a market that I believe will continue to move lower, but the euro would need to break down below the 1.05 level in order to pick up downward momentum.
November 2023 Monthly
Article By:
Marc Chandler
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Saturday, October 28, 2023 8:26 AM EDT
Fiscal policy may be more interesting, with a Japanese supplemental budget, more measures expected from China, and a debate in Europe over the re-implementation of the Stability and Growth Agreement.
The Commodities Feed: Operational Issues Tighten Copper Supply
Article By:
ING Economics
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Thursday, October 26, 2023 5:24 AM EDT
Some of the major copper producers in the Americas have downgraded their copper production target for this year and next due to operational issues.
In this article: BNO, JJC (RETIRED), JJU (RETIRED)
The Situation In The Middle East Has A Negative Impact On Market Sentiment
Article By:
JustMarkets
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Tuesday, October 24, 2023 9:33 AM EDT
American stock indices traded yesterday without any unified dynamics. At Monday's close, the Dow Jones Index (US30) decreased by 0.58%, while the S&P 500 Index (US500) was down by 0.17%.
JPY150 Pierced But Market Is Not Done
Article By:
Marc Chandler
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Monday, October 23, 2023 2:59 PM EDT
The JPY150 level has been respected, so far. The dollar did spend a few minutes above JPY150 on Oct. 3. It appears less likely that it was the central bank, and more likely that it was the market itself, that generated the dramatic swings.
Swiss Don’t Miss
Article By:
Tim Knight
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Wednesday, October 18, 2023 11:21 PM EDT
Half the people in the U.S. carry a high interest credit card balance, and that 57% of Americans don’t have a spare $1,000 for an emergency. So I really have trouble believing the average wealth per adult is $551,400.
Geopolitical Tensions Lift Oil And Gold, But Little Sign Of Haven Buying In FX
Article By:
Marc Chandler
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Wednesday, October 18, 2023 8:27 AM EDT
US economic data surprised to the upside yesterday, and although interest rates rose as one would expect, the dollar's initial gains were pared, and the Dollar Index finished slightly lower on the day.
Economics For Everyone- Gearing Up For G20
Article By:
M. Guruprasad
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Saturday, October 14, 2023 1:19 AM EDT
The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union. It is formally known as the 'Summit on Financial Markets and the World Economy.'
Currency Speculators Continue To Pare Euro Bullish Bets To 49-Week Low
Article By:
Zachary Storella
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Sunday, October 8, 2023 7:39 PM EDT
The COT currency market speculator bets were lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.
Week Ahead: King Dollar Stalls
Article By:
Marc Chandler
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Saturday, October 7, 2023 9:55 AM EDT
The US reports September CPI on October 12 and the first decline in three months in the year-over-year rate is expected. However, the price action itself may overshadow not only the CPI but other high-frequency data in the week ahead.
October 2023 Monthly Outlook
Article By:
Marc Chandler
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Saturday, September 30, 2023 12:44 PM EDT
One of the most notable developments suggestive of the important changes coming to the global capital markets was JP Morgan's planned inclusion of India in its emerging market bond index. India's economy could surpass Germany's in a couple of years.
FX Daily: Perfect Storm Drives Dollar Stronger Still
Article By:
ING Economics
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Thursday, September 28, 2023 5:45 AM EDT
The dollar continues its relentless grind higher, buoyed by factors like the repricing of the long-term Fed funds rate, high oil prices, and concerns over the direction of travel for both the European and Chinese economies.