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NZD/USD flat-lines above mid-0.5900s, eyes US NFP for fresh directional impetusThe NZD/USD pair attracts some intraday sellers on Friday, albeit manages to defend the 200-hour Simple Moving Average (SMA) and recover a few pips fr
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USD Index treads water around 103.60 ahead of key US dataThe USD Index (DXY), which tracks the greenback vs. a bundle of its main rival currencies, trades within a narrow range around 103.60 at the end of th
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Switzerland SVME - Purchasing Managers' Index below forecasts (40) in August: Actual (39.9)Switzerland SVME - Purchasing Managers' Index below forecasts (40) in August: Actual (39.9)
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Silver Price Analysis: XAG/USD looks to consolidate above $24.50 ahead of US NFPXAG/USD snaps the two-day losing streak, trading higher around $24.50 during the early trading hours in the European session on Friday. The pair is ex
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FX option expiries for Sept 1 NY cutFX option expiries for Sept 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0700 454m 1.0725 1.5b 1.0750 1.9b 1
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Spain HCOB Manufacturing PMI registered at 46.5, below expectations (48.8) in AugustSpain HCOB Manufacturing PMI registered at 46.5, below expectations (48.8) in August
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Natural Gas Futures: Rebound seems likely near termConsidering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second consecutive session on Thursday, now b
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Market Wiped out Tuesday’s Gains; Down-Trend Asserted in BTCMarket picture The crypto market lost 3.5% in 24 hours, again falling below $1.05 trillion. The formal start of the sell-off was the news that the...
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Canadian Dollar Eyes GDP, US Jobs DataCanada’s GDP expected to ease in Q2 US nonfarm employment payrolls expected to dip to 177,000 The Canadian dollar is calm in the European session,...
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Dollar Index: Dollar Steady but in Quiet Mode ahead of US NFP ReportThe dollar index steadies on Friday morning following 0.5% advance on Thursday, but range narrows ahead of key release today – US NFP report....
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Gold Price and Crude Oil Price Turn GreenGold price is showing positive signs above the $1,925 pivot level. Crude oil price is rising and it could climb further higher toward the $85...
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NZDUSD Trapped Below Key AverageNZDUSD staged a nice rebound up to 0.6000 at the start of the week, but the 20-day simple moving average (SMA) proved a heavy obstacle ahead of...
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USDCAD Pulls Back from 3-month PeakUSDCAD had been stuck in a steep uptrend after finding its feet at the 11-month low of 1.3091 in mid-July. However, the pair has been undergoing a...
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Except in Case of Unexpectedly Weak US data, Dollar Again Might Be Better ProtectedMarkets (ECB) speak rather than data was the most important driver for trading yesterday, especially on European markets. ECB’s Schnabel, seen as...
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GBPJPY Should Extend Lower in Zigzag CorrectionShort Term Elliott Wave view in GBPJPY suggests the rally to 186.75 ended wave 1. Pullback in wave 2 is currently in progress as a zigzag Elliott...
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Jobs DayAugust ended on a downbeat note for the S&P500 and on an upbeat note for the US dollar as, even though the Federal Reserve’s (Fed) favourite...
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China Steps Up StimulusMarket movers today It is non-farm payroll day and markets are geared up for a soft number after disappointing labour market data this week from...
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RBA Board on Hold Next Week – Next Move Will Be DownThe Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following...
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Cliff Notes: Consumer Incomes Remain Under Pressure from Cost of LivingKey insights from the week that was. Beginning in Australia, the July Monthly CPI Indicator provided further confirmation of the deceleration in...
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USD/JPY Eyes Fresh Increase Above 147.00Key Highlights USD/JPY is consolidating above the 145.50 support. A key bullish trend line is forming with support near 145.50 on the 4-hour...
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UK PMI manufacturing finalized at 43, deepening downturnUK PMI Manufacturing was finalized at 43.0 in August, down from 45.3 in July. This marks the lowest level since May 2020, underscoring the frailty...
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Eurozone PMI manufacturing finalized at 43.5, glimmers of hope despite persistent weaknessEurozone PMI Manufacturing was finalized at 43.5, marking a slight uptick from July’s 38-month low of 42.7. Country-level readings reveal...
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Swiss CPI up 0.2% mom in Aug, unchanged at 1.6% yoySwiss CPI rose 0.2% mom in August, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) rose 0.1% mom. Domestic...
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Downside risks for NFP, yet market impact may be fleetingToday, the financial markets are keenly focused on US Non-Farm Payrolls data, which is expected to show growth of 170k jobs in August. While...
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Yuan spikes higher as PBoC slashes FX RRR, but move quickly undoneChinese Yuan saw a sharp uptick after PBoC announced a substantial 200 bps cut in foreign exchange reserve requirement ratio to 4% from 6%,...
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FX Sniper MT4 IndicatorIn the dynamic realm of forex trading, where split-second decisions can make or break a trade, having the right tools at your disposal is...
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Market Outlook for the Week of 25 - 29 SeptemberFollowing a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic...