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  • The Impact of US Midterm Elections on the Federal Reserve and the US Dollar

    US MIDTERM ELECTIONS OUTLOOK: Unless gas prices drop further and US inflation rates pull back sharply, odds are that Democrats lose control of at least the House of Representatives to Republicans. The prospect of gridlock returning to Washington, D.C. has profound implications for the Federal Reserve and the US Dollar. The Federal Reserve could quickly become…

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  • Dollar Technical Forecast: USD Ripper Relaxes into October- DXY Levels

    US DOLLAR TECHNICAL PRICE OUTLOOK: DXY WEEKLY TRADE LEVELS US Dollar technical trade level update – Weekly Chart USD ripper stalls into uptrend resistance- risk for near-term exhaustion DXY weekly support 111.10s, 110.39, 109.64 – Resistance 112.94, 114.18, 115.29 The US Dollar Index surged nearly 6.6% off the September lows with DXY stretching to multi-yearly highs this week. An outside-day reversal…

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  • British Pound Forecast: GBP/USD Claws Back – Bear Reset Ahea

    BRITISH POUND TECHNICAL PRICE OUTLOOK: GBP/USD WEEKLY TRADE LEVELS Sterling technical trade level update – Weekly Chart GBP/USD collapses into downtrend support / record lows- risk for exhaustion into October open Weekly resistance 1.11, 1.1290s, 1.1414/80 (key) – Support 1.0640, 1.0520, 1.0350s, parity The British Pound plunged more than 4.6% against the US Dollar into the weekly open before paring the…

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  • Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

    Japanese Yen, USD/JPY, US Dollar, BOJ, Fed, YCC, Yields - Talking Points USD/JPY has resumed ascending in tandem with Treasury yields The Bank of Japan appear at loggerheads with themselves after intervention If monetary policies continue to diverge, will USD/JPY make new highs? The Japanese Yen is once again eyeing off the 145 handle to start the…

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  • Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

    Dow, Dollar, EURUSD, USDJJPY, GBPUSD and Recession Talking Points:   The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 After the FOMC rate decision was absorbed this past week, risk aversion began to build a head of steam that enveloped open-ended fundamental risks Market conditions are once again my top concern heading into the new trading week with liquidity…

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  • Canadian Dollar Forecast: USD/CAD, CAD/JPY, GBP/CAD

    CANADIAN DOLLAR TECHNICAL FORECAST: BEARISH It was a big week for USD/CAD with the pair jumping to a fresh two-year-high. CAD/JPY remains of interest. The fundamental backdrop points to bullishness in the pair with higher rates in Canada and continued low rates in Japan. But – there may be some changes on the horizon with Japanese policy regarding…

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  • US Dollar Technical Outlook: DXY Index Gained, Bullish Rectangle in Focus

    US DOLLAR, DXY INDEX, BULLISH RECTANGLE, RSI – WEEKLY TECHNICAL OUTLOOK   US Dollar gained this past week, but uptrend did not continue Still, the weekly and daily settings hint at an upward outlook Will a Bullish Rectangle formation unfold on the 4-hour chart? US Dollar Technical Forecast – Slightly Bullish The US Dollar aimed higher…

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  • S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

    INDICES TECHNICAL FORECAST: BEARISH For the past six months there’s been a tug-of-war in markets, between bears driving in anticipation of continued hawkishness from the Fed and the buy-the-dip crowd, looking for the bank to pivot into less-hawkish policy despite the continued level of elevated inflation. While the Fed has previously displayed a pattern of…

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  • US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention

    US DOLLAR, USD/JPY, BOJ, FED, CHINA, CRUDE OIL, GOLD, AUD, NZD - TALKING POINTS The USDollar is holding ground ahead of a plethora of data points today APAC equities, commodities and currencies have had a quiet day so far If the Bank of Japan was to intervene, wherewould that sendthe USD index The US Dollar took a day off in the Asian…

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  • S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

    S&P 500, VIX, FOMC, DOLLAR AND USDJPY TALKING POINTS: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Following the biggest tumble in broad risk trends in over two years, there was a notable downshift in productive bearish momentum through Wednesday’s session The attention afforded to the FOMC rate decision – and a broad array of central bank decisions…

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