Category: Range
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Jobs, inflation data may break the US Treasury market out of narrow range By Reuters
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By David Randall NEW YORK (Reuters) – A series of upcoming economic reports and testimony from Federal Reserve Chairman Jerome Powell before Congress could push U.S. government bonds out of a tight trading range. Yields on benchmark 10-year US Treasury bonds, which move inversely with bond prices, have risen between…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range
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Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on the 4-hour chart at 1.3687. It…
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U.K. Inflation Drops To The BOE’s Target Range For The First Time Since 2021
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As expected, UK consumer prices rose 2.0% year-on-year in May, slowing from the 2.3% annual increase in April and recording their lowest readings since July 2021. The core CPI, which excludes volatile items such as food and energy, rose 3.5% year-on-year after a 3.9% year-on-year rise in April. On a…
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Inflation seen rising above Bank of Israel target range
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Israel’s Consumer Price Index (CPI) for May will be published tomorrow and the outlook is not optimistic. Analysts agree that the consumer price index rose by 0.5%-0.6% in May, bringing the inflation rate over the past 12 months to 3.1%-3.2%. This will be the first time this year that inflation…
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Chart Art: Spot Gold (XAU/USD) Is at the Bottom of a Range!
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Spot gold (XAU/USD) is testing the bottom of the technical support area! Will gold experts benefit from the deal? Or will fundamentals keep buyers away? Gold (XAU/USD) daily Chart by TradingView In case you missed it, gold prices fell sharply on Friday after a stronger-than-expected US non-farm payrolls report. This…
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AUDUSD Technical Analysis – We are back at the bottom of the range
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Basic overview The US dollar returned strongly last Friday after the release of the strong US non-farm payrolls report, where the data surprised with strong growth in jobs and wages. There were also negatives such as high unemployment, but overall, we can say it was a good report. The data…
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EURUSD tests 100 day MA target. Below the 38.2% retracementof the May range
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EURUSD reaches the 100-day moving average US non-farm payrolls came in stronger than expected. This led to the US dollar and EUR/USD rising to new lows during the week. The down move has now reached – and is now through – 38.2% of the up move from the May 1…
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US ISM PMI data due Monday, the range of estimates (& why they’re crucial to know)
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The S&P Purchasing Managers’ Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus average (“expected” in the screenshot above) for the ISM data point,…
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BofA sees further dollar depreciation, expects G10 FX to stay in range By Investing.com
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Bank of America (BofA) analysts on Monday provided insights into the current state of the G10 foreign exchange (FX) markets, citing a general feeling of disappointment among investors over the lack of market volatility. Despite the recent reversal in the US Dollar (USD), the major currency pairs did not move…
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Narrow dollar range likely to remain for now
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Investing.com – The US dollar has been trading calmly against major currencies lately, and these tight ranges are likely to remain for a while longer, according to Goldman Sachs, with a wait for a divergence to take place. At 05:20 EDT (09:20 GMT), the dollar index, which tracks the US…
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$50 Price Range On The Horizon
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Injective (INJ), a decentralized exchange (DEX) protocol, is sparking excitement in the cryptocurrency market as analysts predict a potential price rise. The token has been under the watchful eyes of analysts, with many anticipating a significant upward move in its value. Related reading Technical indicators are flashing bullish signals for…
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Bitcoin falls to 50% of 2024 range this week and bounces. Price back above 100 day MA
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The price of Bitcoin fell earlier this week and in the process fell below the 100-day moving average (the blue line in the chart below is currently near $60,000), and towards the mid-50% of the 2024 trading range. At $56,150. This week’s low hit $56,500 (close enough). The subsequent move…