• Weekly Outlook and Review—Week Ending 25 November

    Weekly Outlook and Review—Week Ending 25 November

    • November 19, 2022

    Charts: TradingView United Kingdom (UK) It was a big week for the UK, with inflation dominating the limelight on Wednesday, and Thursday subsequently shifting attention to the Autumn Statement. Headline inflation in the UK accelerated to a 41-year pinnacle at 11.1%, up from 10.1% in September. The research team highlighted the following after the release:

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  • UK’s Autumn Budget Eyed

    UK’s Autumn Budget Eyed

    • November 16, 2022

    Charts: TradingView Economic Review Early European hours observed UK inflation data hit the wires. Inflation is now in excess of five times the Bank of England’s (BoE) target; the Office for National Statistics (ONS) revealed that the Consumer Prices Index (CPI) jumped 11.1%, clocking a 41-year pinnacle. This is up from the 10.1% increase in

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  • USD at Support; EUR/USD and GBP/USD Shaking Hands with Resistance

    USD at Support; EUR/USD and GBP/USD Shaking Hands with Resistance

    • November 15, 2022

    Charts: TradingView Daily Economic Review The US dollar—measured by the US Dollar Index—touched a low of 105.34 on Tuesday, influenced by soft PPI inflation. The US Producer Price Index, compared with a year prior in October, increased 8.0%, versus September’s increase of 8.4%, according to the Bureau of Labour Statistics. Year-on-year core PPI inflation for

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  • USD/JPY Oversold?

    USD/JPY Oversold?

    • November 14, 2022

    Charts: TradingView The USD/JPY currency pair shed 5.4% over the course of last week, chalking up a near-full-bodied bearish candle and recording its largest one-week decline since 2008. Despite the monstrous sell-off, which ended at session lows, the long-term trend has been dominantly higher since 2021. In fact, year to date, the pair is 22%

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  • Black and White Technical Report Week Ending 18/11/2022 | FP Markets

    Black and White Technical Report Week Ending 18/11/2022 | FP Markets

    • November 13, 2022

    XJO WEEKLY  Price structure: Impulsive With a clear break away from the 6930 level, the 7200 level remains as resistance this week. The very strong range can be indicative for further gains. With a strong price movement from the 6400 low area this current movement higher is regarded as corrective. Resistance at 7200 is regarded

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  • Weekly Market Review and Outlook—Week Ending 18th November

    Weekly Market Review and Outlook—Week Ending 18th November

    • November 12, 2022

    Charts: TradingView It was all about US inflation last week, released at 1:30 pm GMT on Thursday. Softer-than-expected US inflation data unleashed a turbulent trading session. I noted the following shortly after the release (italics): Consumer prices, measured by the Consumer Prices Index (CPI), increased less than anticipated. According to the Bureau of Labour Statistics

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  • US Inflation Slows and Financial Markets Respond; DOW and AUD/USD Eyed

    US Inflation Slows and Financial Markets Respond; DOW and AUD/USD Eyed

    • November 10, 2022

    Charts: TradingView It was quite a day across the financial markets on Thursday as the eagerly awaited US inflation data hit the wires at 1:30 pm GMT. Consumer prices, measured by the Consumer Prices Index (CPI), increased less than anticipated. According to the Bureau of Labour Statistics (BLS), consumer prices increased 7.7% on a year-over-year

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  • US Inflation (CPI) Technical Preview

    US Inflation (CPI) Technical Preview

    • November 10, 2022

    Charts: TradingView 1:30 pm GMT will see the latest US inflation data, the highlight macroeconomic point for the week. Current market consensus, on a month-over-month basis, calls for a 0.6% increase in the consumer prices index (CPI) and a 0.5% increase in the monthly core reading. The year-over-year CPI print for October is poised to

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  • Major Cryptocurrencies Pressured; BTC/USD Under $17k

    Major Cryptocurrencies Pressured; BTC/USD Under $17k

    • November 9, 2022

    Charts: TradingView – Daily Timeframe Major cryptocurrencies remained distressed across the board on Wednesday, weighed amid fears over the FTX-Binance deal. Against the US dollar, Ethereum and Ripple are down more than an eye-popping 20%, and Bitcoin has shed 8% against its US counterpart, as of writing. Since mid-September, BTC/USD displayed an unresponsive phase, enclosed

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  • EUR/USD Tests the Mettle of $ Parity; Medium-Term Upside Towards $1.01?

    EUR/USD Tests the Mettle of $ Parity; Medium-Term Upside Towards $1.01?

    • November 7, 2022

    Charts: TradingView Against the safe-haven greenback, Monday observed Europe’s single currency advance against the Canadian dollar, the New Zealand dollar, the Japanese yen and the US dollar. Longer term, the EUR/USD snapped a four-month bearish phase in October (though closed considerably off best levels), a move bolstered by a support level from $0.9606 on the

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  • Central Banks Were Front and Centre in Early November

    Central Banks Were Front and Centre in Early November

    • November 7, 2022

    The first four days of November witnessed an energetic start, welcoming a series of rate increases as major central banks continue to wrestle with elevated inflation rates. European Central Bank The final week in October watched the European Central Bank (ECB) raise the Main Refinancing Rate by 75 basis points to 2.00%, its second successive

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  • Black and White Technical Report 07/11/2022

    Black and White Technical Report 07/11/2022

    • November 7, 2022

    XJO WEEKLY  Price structure: The Weekly closing price has remained below the 6930-level following the price support level of 6620 remaining intact. The next level of resistance at 7200 remains the target in this current movement higher. Price reaching this level would indicate a breakout of the current down trend. Indicator: Relative strength 14: Relative

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