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Fundamental Analysis

US November wage growth remains solid, dashing hopes for the Fed Pivot

US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year.Consensus estimate was 200K,...

Upside Surprise in NFP will Likely Trigger Rebound in Oversold USD

Another batch of US macroeconomic data pointed to an easing in inflation pressures while the consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities rose...

FOMO Friday: USDJPY Drop Deepens

USDJPY Drop Deepens The holiday season is fast approaching but markets are showing little sign of slowing down. It’s been another busy week across the board with plenty of big moves and key...

Powell Speech Presses Dollar Against Key Support Level

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed...

The Crude Chronicles - Episode 165

Oil Traders Cut Longs Last WeekThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts...

IMF Warns Of China Econ Downgrade Over Covid Policy

IMF Concerns Over China Covid PolicyThe focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s...

Dovish ADP Sends Dollar into Decline as Markets Price in a Soft NFP Report

Inflation in the EU declined more than expected, from 10.6% to 10% in November. The main contribution to the favorable dynamics was made by energy prices. The market, as well as the ECB, will be...

EURUSD poised to extend downside trend after dovish German inflation report

Buying pressure in equity markets remained quiet on Tuesday, cyclical stocks dipped due to worsening global economic prospects. The mass protests in China against the harsh lockdowns and the continued...

Powell and NFP Risk may Renew Demand for Battered USD

The intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more worried...