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Fundamental Analysis

SPX Poised to Escape Major Bearish Trend and the Fed may be a Catalyst

Risk assets rallied after US jobless claims data pointed to decreasing strength of the US labor market. Labor market imbalances are now the key driver of inflation (through the impact of wages on...

Dollar Slowly Gains Ground ahead of the Fed as Markets are Unsure about CB Pivot

After a positioning-driven rally in risk assets over the past couple of months, financial markets are returning to macroeconomic factors, where the 2023 global slowdown is in focus. Brent crude falls...

Aussie Outlook Weakening Near-Term

Aussie Under PressureThe Australian Dollar is coming under heavy selling pressure this week as a combination of internal and external factors weigh on investor sentiment. Firstly, the recent RBA rates...

AUDUSD Approaches Key Resistance Zone and the New Year may Prove Bearish for AUD

The RBA delivered a 25 bp rate hike and indicated that it plans to deliver at least a 50 bp tightening in 2023 driving terminal rate to 3.6%. There were no bullish implications for AUD as the RBA’s...

Three factors for a possible USD revaluation

The November NFP report improved the USD position, however the rebound following a strong release from the level of 104.50 was quickly erased, with the aggressive sell-off that began near the 105.50...

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...