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What happened in the US session? The Friday release of PCE should be particularly interesting as this will be the last piece of inflation data that the Fed gets before the November rate decision, at which they’re highly expected to announce a tapering of bond purchases. At this point, the US Dollar continues to oscillate … Continue reading IC Markets Europe Fundamental Forecast | 28th October 2021
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.773 — still off levels around 94 seen recently. Ten-year and 30-year U.S. Treasuries sustained their respective rallies.
DXY: On the H4 timeframe, prices are on a bullish momentum. Prices are currently testing our 1st support could potentially climb from our 1st support at 93.781 in line with 50% Fibonacci retracement towards our 1st resistance at 94.147 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. … Continue reading Thursday 28th October: Technical Outlook and Review
The Japanese currency was also hampered by expectations that the Bank of Japan (BOJ) will signal a strong commitment to maintaining its easy monetary settings this week even as many other central banks around the world look to tighten their policy to stem inflation.
Global Markets: Asian Stock Markets : Nikkei down 0.03%, Shanghai Composite down 0.98%, Hang Seng down 1.76%, ASX up 0.07% Commodities : Gold at $1787.90 (-0.31%), Silver at $24.01 (-0.33%), Brent Oil at $84.71 (-1.10%), WTI Oil at $83.39 (-1.49%) Rates : US 10-year yield at 1.605, UK 10-year yield at 1.065, Germany 10-year yield … Continue reading Wednesday 27th October: Chinese markets drop on US China tensions
