• 200-Day SMA Targeted for the Dollar Index?

    200-Day SMA Targeted for the Dollar Index?

    • May 31, 2023

    The US Dollar Index is poised to close out the month of May 2.8% higher, reclaiming all the prior month’s downside and a large portion of the 2.3% drop in March. Needless to say, it’s been a positive month for the greenback, which is likely to continue into June, according to chart studies. Leaving support

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  • Index and Commodities trading week beginning 29/05/2023

    Index and Commodities trading week beginning 29/05/2023

    • May 28, 2023

    Market technician’s view of charts that affect equities: With an agreement now placed on the US debt limit going into this week, the challenge for traders will be ascertaining if this is already priced. This week, the Australian Index set a bullish key reversal pattern last Friday. Further concerns still remain around the US regional

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  • First Light News: USD/JPY at Resistance and Antipodes Signal Lower Levels.

    First Light News: USD/JPY at Resistance and Antipodes Signal Lower Levels.

    • May 26, 2023

    The FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors are up to date in the FX space for the day ahead. Good morning. Printing a fourth consecutive day in the green on Thursday, the US Dollar Index clocked highs of 104.31, levels not

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  • Global Fundamental Analysis 26/05/2023

    Global Fundamental Analysis 26/05/2023

    • May 26, 2023

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.

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  • XAU/USD Appears Vulnerable

    XAU/USD Appears Vulnerable

    • May 25, 2023

    As the US dollar continues to find grip at higher levels—underpinned by a rally in US government yields—the price of spot gold (XAU/USD) is in relatively deep water. Higher-Timeframe Picture Shows Gold Approaching Support Medium-term price action on the daily chart exhibits scope to extend losses. The longer-term ascending channel is interesting (drawn from $1,641

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  • The Pattern Pulse—25 May 2023

    The Pattern Pulse—25 May 2023

    • May 25, 2023

    Your weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: NZD/USD Challenging Support Daily Timeframe – Following the RBNZ signalling a pause in policy firming, the NZD/USD currency pair tumbled more than 2.0% yesterday and landed price at support from $0.6088

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  • First Light News: FX Update for 25 May 2023

    First Light News: FX Update for 25 May 2023

    • May 25, 2023

    The FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors are up to date in the FX space for the day ahead. Good morning. It was quite a session on Wednesday. I noted in the previous release that the Reserve Bank of New Zealand

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  • Global Fundamental Analysis 25/05/2023

    Global Fundamental Analysis 25/05/2023

    • May 25, 2023

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.

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  • GBP/USD Continues to Navigate Deeper Waters

    GBP/USD Continues to Navigate Deeper Waters

    • May 24, 2023

    For those who read the previous technical view I posted on the GBP/USD currency pair, price action has indeed continued to pursue lower levels. Short-Term Price Action Sub $1.24 Despite efforts to shape support from the $1.24 region, recent hours witnessed price elbow beneath the psychological level. This followed a near-pip-perfect H1 AB=CD harmonic bearish

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  • First Light News: FX Update for 24 May 2023

    First Light News: FX Update for 24 May 2023

    • May 24, 2023

    The FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors are up to date in the FX space for the day ahead. Good morning. RBNZ Hikes Rates As expected, the early hours of trading on Wednesday witnessed the Reserve Bank of New Zealand (RBNZ)

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  • First Light News: FX Update for 23 May 2023

    First Light News: FX Update for 23 May 2023

    • May 23, 2023

    The FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors are up to date in the FX space for the day ahead. Good morning. Monday concluded tentatively for much of the FX space. The US dollar finished around the lower edge of Friday’s range

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  • Global Fundamental Analysis 23/05/2023

    Global Fundamental Analysis 23/05/2023

    • May 23, 2023

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.

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