Reversal pattern is forming on daily chart
Daily chart shows initial signs of fatigue of the larger uptrend, as bullish momentum is fading and stochastic is reversing from overbought territory.
Also, evening Doji star pattern is forming on daily chart, which would, if completed,…
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Narrow ranges precede Fed rate decision
Near-term ranges are narrowing, and trading is quieter, as markets await the verdict from the Fed’s two-day policy meeting that ends tomorrow.
The US central bank has not much space to maneuver, as inflation remains high and over four…
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Euro loses steam on disappointing economic data, all eyes on Fed
The Euro turned to red in European trading on Tuesday, following a four-day recovery after a sharp post-US inflation report’s drop.
Bounce rose above parity level, but failed to register a clear break higher.
Underlying bears received…
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German producer prices post a record rise in August
German producer prices surged above all expectations and registered a record jump in August, as inflation shows no signs of easing but raises fears that inflation will rise further, as economic crisis deepens.
Annualized producer…
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Bitcoin hits new 2022 low, outlook remains negative on expectations of aggressive Fed
The Bitcoin hit new 2022 on Monday, extending a steep fall into fifth straight day.
Last week action closed with over 9% loss and generated additional negative signal on completion of weekly bearish engulfing pattern.
Expectations for…
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USDJPY may accelerate towards 1998 peak on aggressive Fed
The USDJPY stands at the front foot on Monday, though still within a narrow consolidation under new 24-year high, which extends into third consecutive day.
Last week’s bullish close market the fifth straight weekly advance, as the dollar…
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Oil remains firmly in red on demand fears, strong dollar
WTI oil started the week in negative mode, falling 1.7% during Asian and early European trading on Monday.
Crude oil is pressured by fears of recession that would significantly slow global economy and lower demand for energies, while…
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Eurozone inflation remained at record high in August
Inflation in the Eurozone kept pace in August and stayed at a record annualized level at 9.1%, in line with expectations.
Monthly figure showed that consumer prices rose by 0.6% in August, from 0.1% increase in July and above consensus…
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Markets Are Moving! FOMC & BOE Meetings 21 & 22/09/2022
On September 22 and 23, the results of two important meetings of the FOMC and the BOE will be determined. According to recent economic data, including the US CPI, which shows a higher growth than expected by predictions, US interest rate…
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Cable falls to multi-decade lows as downbeat UK data add to negative outlook
Sterling falls further on Friday and breaks below 1.14 mark vs dollar, trading at the lowest levels since 1985 during the European session.
In addition to persisting pressure from strong dollar on expectations for another massive Fed rate…
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