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  • Blackberry Exhibits Clear Downtrend

    Blackberry Exhibits Clear Downtrend

    • September 20, 2024

    Upcoming Earnings: BlackBerry Limited (ticker: BB) is scheduled to report earnings after the market closes on 26 September. The consensus earnings per share (EPS) estimate for the fiscal quarter ending August 2024 is US$-0.04. The reported EPS for the same quarter a year prior was US$-0.06. Ichimoku Studies Offering Mixed Signals Trend studies show that

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  • Easy Does It: Bank of England Leaves Bank Rate on Hold at 5.0%

    Easy Does It: Bank of England Leaves Bank Rate on Hold at 5.0%

    • September 19, 2024

    ‘Easy does it’ was today’s primary message from the Bank of England (BoE). Unlike the US Federal Reserve cutting rates by an outsized 50 basis points (bps) yesterday, the BoE is clearly in no rush to ease policy, with most policymakers backing a slow and steady approach. In an 8-1 majority vote, the BoE left

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  • The Pattern Pulse – 19 September 2024

    The Pattern Pulse – 19 September 2024

    • September 19, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: GBP/USD Refreshes YTD Highs Monthly/Daily/H1 Timeframes: The British pound remains on the front foot versus the US dollar (GBP/USD), on track to pencil in a third consecutive month in

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  • Fed Reduces Overnight Rate by 50 Basis Points

    Fed Reduces Overnight Rate by 50 Basis Points

    • September 18, 2024

    With much market chatter heading into the event about whether the US Federal Reserve (Fed) would cut rates by 25 or 50 basis points (bps), the central bank, in an 11-1 vote, cut by an outsized 50bps and signalled further easing is on the table this year (Fed Governor Michelle Bowman dissented and voted for

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  • S&P 500: Support Eyed

    S&P 500: Support Eyed

    • September 18, 2024

    With markets now on standby for the US Federal Reserve’s rate announcement later today at 6:00 pm GMT, the S&P 500 clocked a fresh record high of 5,670 yesterday after invalidating an evening star bearish pattern on the weekly chart and eclipsing the previous all-time high of 5,669 set in mid-2024. Support Between 5,523 and

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  • UK Inflation Holds North of BoE Target in August

    UK Inflation Holds North of BoE Target in August

    • September 18, 2024

    According to the latest Office for National Statistics (ONS) report, UK headline inflation remained unchanged in August and aligned with economists’ estimates, while core and services inflation increased, which likely sealed the deal for the Bank of England (BoE) holding rates unchanged tomorrow. Inflation Holds at +2.2% in August Headline UK CPI inflation (Consumer Price

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  • Dollar Index Testing Range Support Ahead of FOMC Announcement

    Dollar Index Testing Range Support Ahead of FOMC Announcement

    • September 17, 2024

    50 Basis Point Cut? The US Federal Reserve will reduce its target on the funds rate tomorrow, but whether the central bank opts for a 25 or 50 basis point reduction is difficult to say. Market pricing is leaning in favour of the latter (65% probability). Consequently, price action could be choppy heading into the

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  • Canadian CPI Inflation Slows to 2.0% in August

    Canadian CPI Inflation Slows to 2.0% in August

    • September 17, 2024

    Inflationary pressures in Canada continued to subside in August, underpinning the possibility of more policy easing this year. According to a report released by Statistics Canada (StatCan) earlier today, headline CPI inflation (Consumer Price Index) cooled to +2.0% in August (YoY), down from +2.5% in July and south of economists’ expectations of +2.1%. This marks

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  • FedEx Rebounding from Ichimoku Support

    FedEx Rebounding from Ichimoku Support

    • September 17, 2024

    Upcoming Earnings FedEx Corporation (ticker: FDX) is scheduled to report earnings after the market closes on 19 September. The consensus earnings per share (EPS) estimate for the fiscal quarter ending August 2024 is US$4.87. The reported EPS for the same quarter a year prior was US$4.55. Ichimoku Cloud Support You can see that price action

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  • USD/JPY Bears in Control

    USD/JPY Bears in Control

    • September 16, 2024

    With markets now pricing in a 60% chance that the US Federal Reserve will step up and reduce its Policy Rate by 50 basis points on Wednesday, the US dollar (USD) is on the ropes today. This has pushed the EUR/USD above its 50-month simple moving average at US$1.1095, directed the US Dollar Index towards

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  • Index and Commodities Trading Week Beginning 16/09/2024

    Index and Commodities Trading Week Beginning 16/09/2024

    • September 15, 2024

    XJO WEEKLY Price structure: 2nd Outside range. Last the discussed OPd has failed to follow through lower, no close below the 7910 level occurred, this being the message from the market. Again, last week the 7910 level was retested followed by a rally to close again above the 8083 initial resistance level of 9 weeks ago.

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  • Week Ahead: Key Central Banks in Focus

    Week Ahead: Key Central Banks in Focus

    • September 14, 2024

    This week will be an interesting one for the financial markets. In addition to several tier-1 data, the focus will be on the US Federal Reserve (Fed), closely shadowed by the Bank of England (BoE) and the Bank of Japan (BoJ). Fed Rate Announcement (Wednesday 6:00 pm GMT) The Fed is gearing up to reduce

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