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EURUSD Technical Analysis – Is this a fakout or a fake fakeout?

July 25, 2023

The miss in the US CPI report caused a big selloff in the US Dollar across the board as the market’s expectations leant on the …

Technical Analysis

USDCAD Technical Analysis – Key levels to watch for a big breakout

July 25, 2023

Following the big USD depreciation after the miss in the US CPI report, we saw the greenback coming back across the board as the US …

Sentiment

US Dollar 5-day Winning Streak at Risk, Will Prices Hold at February Lows?

July 25, 2023

After losses during Tuesday’s Asia-Pacific trading session, the US Dollar’s 5-day winning streak is looking vulnerable. What are key levels of support to watch ahead? …

Technical Analysis

GBPUSD Technical Analysis – Watch these signs for a possible turnaround

July 25, 2023

The big USD selloff following the miss in the US CPI report has been recently completely erased as the US data continued to surprise to …

Market Outlook

Hang Seng Index (HSI) Climbs on Stimulus Aspirations. Will China Drive HSI Higher?

July 25, 2023

The Hang Seng Index (HSI) found firmer footing after reports emerged that Beijing is looking to bolster its economy. Meanwhile, the US Dollar eased ahead …

Central Banks

Ahead of the European Central Bank meeting is its Q2 2023 Bank Lending Survey due today

July 25, 2023

Due at 0800 GMT, which is 0400 US Eastern time. The European Central Bank describe the bank lending survey (BLS): provides information on bank lending …

Central Banks

Chinese state banks seen intervening to support the yuan – intervention to sell USD/yuan

July 25, 2023

Major state-owned banks have been spotted selling USD to buy yuan in both onshore and offshore spot USD/CNY and USD/CNH USD/CNH update: This article was …

Central Banks

Chinese state banks seen intervening to support the yuan – intervention to sell USD/yuan

July 25, 2023

Major state-owned banks have been spotted selling USD to buy yuan in both onshore and offshore spot USD/CNY and USD/CNH USD/CNH update: This article was …

Central Banks

China promised more stimulus, PBOC strengthened CNY – yuan rising in early China trade

July 25, 2023

The news out of China on Monday was of more promised support for the economy: China pledge to step up policy support underpins rally in …

Central Banks

PBOC sets USD/ CNY central rate at 7.1406 (vs. estimate at 7.2044)

July 25, 2023

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade …

Central Banks

More pronounced volatility seen in the days ahead with G3 central bank “talk” to come

July 25, 2023

A snippet from Mizuho analysts, looking across the decisions ahead this week from the big 3; the Federal Open Market Committee (FOMC), the European Central …