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Dow Jones Technical Analysis – Stuck in a consolidation

Dow Jones Technical Analysis – Stuck in a consolidation

Yesterday, the US CPI report came basically in line with expectations as the market was already expecting higher energy prices to push up the August inflation readings. The Core measure, which is what the Fed is focused on, was in line with forecasts with the monthly...

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PBOC cuts RRR by 25 bps, with effect from 15 September

PBOC cuts RRR by 25 bps, with effect from 15 September

The weighed average RRR for financial institutions will be around 7.40% after the latest cut. The central banks adds that it will keep prudent monetary policy and ensure liquidity remains reasonably ample. This might not be the last time they resort to more RRR cuts...

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A little food for thought ahead of the ECB decision later

A little food for thought ahead of the ECB decision later

This is a great point brought up by @fwred (one of the best in the business for anything ECB-related by the way) ahead of the policy decision later today. That being that when the ECB does hold a formal vote on decisions, there will be five members that will not have...

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Gold Technical Analysis – Key resistance in sight

Gold Technical Analysis – Key resistance in sight

The strong US data last week and the continued disinflation as seen in yesterday’s CPI report, keep on weighing on Gold as US real yields remain high and there’s also a risk that the Fed might even do more if the labour market doesn’t soften enough, and inflation gets...

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These are desperate times in China

These are desperate times in China

I'm going to talk about things in this post in relation to the earlier headline here. It's storytelling time and might as well since we have to wait on the ECB and major US data later today anyway.To give a bit of context, what the Chinese central bank is requesting...

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Russell 2000 Technical Analysis – We are at a key support

Russell 2000 Technical Analysis – We are at a key support

Yesterday, the US CPI report came basically in line with expectations as the market was already expecting higher energy prices to push up the August inflation readings. The Core measure, which is what the Fed is focused on, was in line with forecasts with the monthly...

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Don’t sleep on the major US data releases today

Don’t sleep on the major US data releases today

I've been highlighting them since last week already. And if you think that after the dull reaction to the US CPI report yesterday that the data points today might not matter, I would say the opposite could end up being truer.The inflation numbers yesterday served the...

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A mixed mood for equities to start European trading

A mixed mood for equities to start European trading

Eurostoxx -0.2%Germany DAX -0.2%France CAC -0.1%UK FTSE +0.3%Spain IBEX flatItaly FTSE MIB -0.5%It is tech shares that are seen higher again, with Nasdaq futures up 0.3%. S&P 500 futures are up 0.2% while Dow futures are up 0.1%, so that is keeping the overall...

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EURUSD Technical Analysis – Watch this strong resistance

EURUSD Technical Analysis – Watch this strong resistance

US:The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US CPI yesterday came in line with expectations, so the market’s pricing remained...

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FX option expiries for 14 September 10am New York cut

FX option expiries for 14 September 10am New York cut

There is just one to take note of, as highlighted in bold.That being for GBP/USD at 1.2475, although I wouldn't attach much significance to that level. It isn't one that has any technical bearings, with the 200-day moving average at 1.2430 still being the key downside...

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ECB the main event on the agenda in Europe today

ECB the main event on the agenda in Europe today

After the supposed leak early in the week, it looks likely that the ECB will lean towards raising interest rates one last time before they miss the boat. That being said, the odds of a 25 bps rate hike are now at ~63% so it is not exactly too convincing but at least a...

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