Beyond that, the British Pound could be looking at a move to the 1.15 level, which is an area where we have a big, round, psychologically important number, and of course there was the...
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2 Minutes
2 Minutes
Dow Jones Forecast: Continues to Consolidate Ahead of Big Jobs Number
The general consensus is that there has been some hesitation in this market over the last two weeks as liquidity has been lost. After all, the market is on vacation and most traders were...
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1 Minute
Oil rallies more than $2 to finish the year with a flurry
There weren’t many safe places in 2022, but energy was one of them. Oil ended the day on a tear, rising $2.03 to $80. 3, the first annual gain above $80 since 2013. It...
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1 Minute
Heads up for Chinese data to be published over the weekend – official PMIs for December
On Saturday, December 31, 2022, China’s National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP) will release their December PMIs. , The December results are likely to show the negative...
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0 Minutes
EQUITIES SEEN HIGHER BY THE END OF NEXT YEAR – JP MORGAN
According to JP Morgan economists, the stock has withstood the macro issues that will begin to emerge in 2023 and looks increasingly attractive. BULL CASE FOR STOCK „While we are not calling for a...
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1 Minute
USD/CHF RESUMES ITS DOWNTREND AND HITS FRESH WEEK LOWS BELOW 0.9245
Dollar plunges 0.5% on the day to test a weekly low at 0.92 5. US Treasuries fall on negative market sentiment. Concerns over rising cases of COVID-19 raise doubts about China’s economic recovery. The...
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1 Minute
US major indices close lower on the day
Major US indexes ended the last day higher to send stocks to 2022 lows and session close. All 11 sectors of SandP were closed for one day, one week and one month. The decline...
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0 Minutes
South Korean Nov industrial output +0.4% m/m, a rebound after losing for 4 straight months
South Korea November data: industrial production s/adj 0. % m/m (expected -0.8%, previously revised -3.5%) industrial production -3.7% y/y (expected – .0%, previously -1.2%) service sector production s/m/m -0.6% m/m (previously -1.1%) retail sales...
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2 Minutes
AUD/USD Forecast: Threatens to Break Down
The 200-day EMA also seems to be offering some resistance, so it all ties up quite nicely. Whether that’s true or not is another question entirely, but I think it’s at least worth further...
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2 Minutes
WTI Crude Oil Forecast: Pulls Back
It also looks like some of the bigger players jumping online could boost demand, but there is a bit of a lag between China’s reopening and high oil demand. West Texas Intermediate crude pulled...
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