HomeBlogAplenty Icon PublicationUS Dollar Gets a Boost From Powell But Will the Move Last?

US Dollar Gets a Boost From Powell But Will the Move Last?

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Oct 1, 2024

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EUR/USD: Double-Top Bearish Reversal in Play as 1.12 Resistance Holds Strong

Oct 1, 2024

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More on BNZ forecasting a 50bp interest rate cut next week from the RBNZ

Oct 1, 2024

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BNZ summarise their reasoing: QSBO just awful CPI headed sub 2.0% Soft labour market to subdue non-tradables Rate settings need to move quickly towards neutral 50 basis point cut at October meeting warranted “In our opinion, we think the disinflationary information that we have received will dominate and that this will, ultimately, encourage the RBNZ...

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Gold reverses lower. On pace for the 4th day in a row lower

Nov 19, 2024

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The price of gold traded as high as $2618.84. At session highs, the price was up $20.94 and it looked like the 3-day slide was going to be snapped. However, the price has since reversed back to the downside and the price is now trading down -$22.26 or -0.87% at...

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USDJPY Technical Analysis – The market is sensing a change

Nov 19, 2024

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Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be...

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NZDUSD Technical Analysis – We are testing a key support zone

Nov 19, 2024

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Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be...

Read More