Japan CFTC JPY NC Net Positions climbed from previous ¥23.1K to ¥23.6K

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BOE’s Bailey: Market events like two weeks ago will happen, test is whether more triggered

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings

Mon: UK Market Holiday (Bank Holiday), German Ifo (Aug) Tue: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep) Wed: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2) Thu: Spanish Flash CPI (Aug), German State CPIs (Aug), EZ Sentiment Survey (Aug), US GDP (2nd) and PCE (Q2) Fri: Japanese Tokyo CPI (Aug), French Prelim CPI (Aug), German Unemployment…

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Bulls take charge, outlook bullish

NZD/USD rose by 1.55% to close at 0.6235. The RSI has risen above 70, while the MACD is showing rising green bars, indicating strong bullish momentum. A break above 0.6250 could lead to a further rally towards 0.6300. In Friday’s session, the NZD/USD rose by 1.55% to 0.6235, ending the week on a strong bullish note. The pair has broken…

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Weekly Market Outlook (26-30 August)

UPCOMING EVENTS: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI, Nvidia Earnings. Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales, Eurozone Flash CPI and Unemployment Rate, Canada GDP, US PCE. Tuesday The US Consumer Confidence is expected at 100.1 vs. 100.3 prior. The…

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GBP/USD chalks in seventh straight winning day on Fed rate cut hopes

GBP/USD vaulted over 1.3200 on broad-market Greenback weakness. Fed gave a head nod to impending rate cuts, sending risk appetite into the ceiling. Coming up next week: UK Monday holiday, US GDP and PCE inflation. GBP/USD found a Fed-fueled surge on Friday, climbing roughly a full percent through the day’s trading and closing the week with a seventh consecutive…

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Stocks feel a hiccup but dollar selling unceasing

The S&P 500 pulled back in a round of profit taking after initially failing to break yesterday’s high but the FX market isn’t having any doubts. EUR/USD is at the highest in a year, up 78 pips to 1.1190. It’s not just the euro either as the US dollar falls to the lows of the day across the board….

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The S&P 500 is having a tough time with 5640

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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