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USD/CNY achieved targets at 6.9432 then 6.9298 from 6.9723 highs. USD/ZAR hit target at 18.0995 from 18.5191 highs. USD/INR target at 82.32 traded to 82.36 from 82.94 highs. USD/NOK target at 10.2655...
EUR/USD’s range this week is located from 1.0711 to 1.0378. EUR/USD first break higher must clear 1.0568, then 1.0619, 1.0669 and 1.0745, and 1.0784. At the Sunday night open, EUR/USD will trade from...
Notable yesterday was the dollar selling off after the Bank of Canada said it was ready to pause/end its tightening cycle. Some in the market could be thinking the Fed is of a similar mindset. At the...
The US dollar is softer against the G10 currencies ahead of today’s CPI report and the FOMC meeting that concludes tomorrow. Emerging market currencies are most mixed. The HUF/USD leads the complex...
There are two themes today. First, there has been a modest bout of profit-taking on Chinese stocks (and yuan) after last week’s surge. Second, ahead of the five G10 central bank meetings this week,...
Overview The easing of vaccination, quarantine, and some travel protocols related to Covid in China (and Hong Kong) continues to draw funds back into Chinese stocks, wherever they trade. The Hang Seng...
Asia Pacific stocks rallied on the heels of the surge in US equities. China’s CSI 300 led the large bourses higher with a 1% advance. Europe’s STOXX 600 is matching yesterday’s gain of a little more...
Overview: The US dollar has come back from the weekend bid. After the ECB and BOJ meetings last week, the focus has shifted back to the US where the FOMC meeting concludes in the middle of the week...
A couple of surprising notes have appeared in the Bank of International Settlements (BIS) survey released today (28/10/2022). The triennial (occurring every three years) survey was conducted with the...
EUR/USD weekly target at 0.9829 from 0.9678 achieved highs at 0.9807 for +129 pips. The actual target today must break 0.9817, then 0.9829. Next week EUR/USD ranges from 0.9716 to 0.9860, and the same...
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