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US Dollar Susceptible To FOMC Meeting Minutes
The markets seem to be moving sideways following the previous weeks of strong price action. The FOMC meeting minutes are due for release later this evening.
Oil Erases Gains As Saudi – Russia Deal Falls Short Of Expectations
The markets opened today in a risk-on mode following two days of gains (Friday and Monday) but the risk on environment quickly evaporated into the European trading session.
GBP Awaits Inflation Data
With the markets now into their second consecutive day of declining against the US Dollar, there is a broad market pattern that indicates a potential pullback in the US Dollar.
USD/JPY Pair Falling More Than 4%
The US dollar went through a sharp increase against its Yen counterpart on Friday, putting a stop to the four-day decay when the USD/JPY pair fell more than 4%.
Currencies Starting To Post A Recovery
Following a modest retail sales print on Friday, the US Dollar was seen posting a correction and by early Asian trading, most of the USD Crosses are pulling back off their recent highs.
What Are The Pros & Cons Of China Being Granted The ‘Market Economy’ Status In 2016?
By peeling back to history, we know that since the 1980’s China’s economic system has been associated with being a ‘socialist market economy’. However, there has always been some form of denial by the Communist Party.
Week In Review: Dollar Posts Modest Recovery
It was another week of strong risk aversion in the markets as last Friday's NFP data was quickly shrugged aside. Gold, Yen and the Euro gained over the week with Yellen's testimony offering little support for the Dollar.
Dollar Remains Weak With EUR And Yen Trending Stronger
The US Dollar continued to remain weak with the Euro and the Yen benefiting from the safe-haven flows. Janet Yellen’s second day of testimony did not offer much to the markets with the Yen touching a year low below 112.
Orbex Market Report 11-2-16
Get the knowledge from the world-famous expert in Forex Education, Kiana Danial. She will walk you through the technical and fundamental aspects of the latest currency movements.
WTI Crude Oil Pressured To The Downside
The rally in Oil prices last week were short lived as WTI Crude Oil broke the crucial 30 - 29.5 support level, which marked the head and shoulders pattern off the 4-hour chart time frame.
Gold Breaks Above 1200, USD/JPY Remains Weak
While the US Dollar showed signs of strengthening into Fed Chair, Janet Yellen’s testimony yesterday the Greenback trimmed the intraday gains to settle lower.
Currencies Keep The Pressure Against USD. Yellen In Focus
Currencies, with the exception of the US Dollar, are on a bullish run with EUR/USD trading near $1.13 yesterday, which was around the same price level when the ECB launched its QE program in January 2015.
Gold Forms A Doji Below 1200
The US Dollar remained weak yesterday despite the lack of any market events. EUR/USD was seen trading near 1.13 while Gold attempted another go at the $1200 handle but failed.
USD/JPY At One-Year Lows As Risk Aversion Continues
The markets in Asia saw the equities falling sharply with the benchmark Nikkei225 closing -5.40% lower as Japan's 10 year bond yields fell below 0% for the first time after the BoJ surprised with negative rates in late January.
Gold Test $1200, EUR/USD Back At Pre-NFP Levels
The markets remained a bullish mode against the US Dollar yesterday with Gold testing the highs of $1200 yesterday while the USDJPY fell to a 14-month low.
Crude Oil Prices Dive, Pulling Equities Lower
Following Friday’s jobs report, the markets remained undecided with the US equities falling to rally despite the US Dollar managing to recover from the last week’s strong sell-off.
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