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Fundamental Analysis

Dollar Retracement Amid Shifting Market Dynamics: A Technical Outlook

On Thursday, the dollar finally took a step back, but the rebound of its major rivals looks more like a technical retracement, as the fundamental picture hasn't changed much. The American...

USDCAD Turns Lower Ahead of US/CAD Data Flow

USDCAD Heavily SoldUSDCAD is trading firmly lower today as the weakness in USD finds an easy match up with the strong Canadian Dollar. CAD has been one of the best performing currencies recently due...

Nasdaq Testing Key Support As US Yields Rise

Rising Yields Turn Stocks LowerFollowing the correction lower from YTD highs, the Nasdaq continues to hug support at the 14544.9 level today. The uptick in USD and US yields over the last two weeks...

Rally in Yields Pressures Euro, S&P 500 but Rebound Looms Near Key Levels

On Wednesday, the Treasury bond market was hit by a new wave of sell-offs. The yield on 10-year bonds surged by 11 basis points in a short span of time, setting a new local high:The sell-off was...

FTSE Under Pressure As Energy Prices Rise

Energy Prices Stoke ConcernsUK shares have come under heavy selling pressure again today with the FTSE falling around more than 1% over early European trading on Thursday. The index is now down almost...

Crude Breaks Key Res Level As Supply Concerns Mount

Crude Rally ContinuesCrude prices yesterday broke out to their highest level since August 2022 as supply concerns continued to dominate the market. The rally saw crude prices poking above the 93.47...

Dollar Drop Nowhere In Sight As Q3 End Nears

USD Rally ContinuesThe US Dollar rally continues to gather pace as we head through the middle of the week. More importantly, as we round out Q3, many of those USD forecasts from Q2 calling for a lower...

EURUSD Plunging As Eurozone Lending Hit 2015 Lows

EUR Selling ContinuesEURUSD remains under heavy selling pressure into the middle of the week. The latest eurozone data released today shows that bank lending to households in the eurozone rose by just...

Cautious Optimism: S&P 500 Nears Key Reversal Zone Amidst Rising Oil Prices and Central Bank Tightening

Oil prices are vigorously rising after a week-long correction, with Brent gaining $3 per barrel in just two days. It's worth noting that the retracement from $96 per barrel down to $92, occurred...