January 27, 2023 BY Steffy Bogdanova

HYCM: Three market questions to ask for 2023

In short, the bank’s analysts believe that there is a possible path to a soft landing, but that this will be dependent on the Fed being able to tweak policy “just right” in order to stay on track. Even Larry Summers, who has previously stated that a recession was inevitable, has recently softened his own…

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November 29, 2022 BY Steffy Bogdanova

Weekly data: Action on the US Dollar and Oil ahead of US NFP release

From the technical analysis perspective the price is currently trading around the $1.04800 price area above the 23.6% of the fibonacci retracement level. The US NFP release  is expected to affect the fiber chart with the market expecting a decreased , yet positive, figure.  This publication will most probably create volatility and might possibly give…

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November 01, 2022 BY Steffy Bogdanova

Weekly data: Gold and fiber ahead of busy week

With no signs of reversal or corrections the most plausible scenario would be a continuation of the current trend at least in the short term. This is always dependent on the economic news related to the US Dollar which there is a lot coming this week. We can easily notice areas of possible resistance on…

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September 29, 2022 BY Steffy Bogdanova

Midweek data: US PCE and final GDP in view

However, sentiment on monetary policy and economic conditions has changed rapidly over the last few days, so it makes sense in the context not to rely too much on the chart. In the unlikely event of a significant revision upward in American GDP for the second quarter, the price might push sharply lower in the…

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September 13, 2022 BY Steffy Bogdanova

Weekly data: American and British inflation ahead

The situation on the chart has followed these changing fundamentals quite closely, with the euro making gains over the last week to a high of around a month, breaking clearly above $1.01 and the 50-day moving average from Bands. There seems to be more scope for the common currency to continue upward and possibly test…

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August 23, 2022 BY Steffy Bogdanova

Weekly data: focus on Jackson Hole and how high the Fed might go

Key data this week Bold indicates the most important releases for this symbol. Wednesday 24 August 12:30 GMT: durable goods orders (July) - consensus 0.6%, previous 1.9% Thursday 25 August 6:00 GMT: German quarterly GDP growth (final, Q2) - consensus nil, previous 0.8% 6:00 GMT: German annual GDP growth (final, Q2) - consensus 1.4%, previous…

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