Fundamental Analysis Category

May 29, 2023
Forex and Cryptocurrency Forecast

Forex and Cryptocurrency Forecast EUR/USD: Dollar Awaits U.S. Bankruptcy The dollar has been rising since May 4. Last week, on May 26, the DXY Index reached 104.34. It hasn’t been this high since mid-March 2023. What is driving the U.S. currency up and, consequently, pushing the EUR/USD pair down? According to analysts at Commerzbank, “the

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May 26, 2023
US PCE Deflators and Durable Goods Orders Scheduled

US PCE Deflators and Durable Goods Orders Scheduled UK bonds crashed for a second day straight with yields adding 10.6-19.2 bps across the curve. UK money markets discount an additional 100 bps tightening by December following the big upside CPI surprise Wednesday morning. Sterling initially revisited YtD highs but unable to force a break higher,

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May 25, 2023
Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes

Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes The minutes from the May 2-3 Federal Open Market Committee (FOMC) meeting reiterated that curtailing inflation remains the principal objective of the Fed. On the current state of the economy, the Committee members noted that “economic activity had expanded at a modest pace in the first quarter.

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May 24, 2023
RBNZ Monetary Policy Statement May 2023

RBNZ Monetary Policy Statement May 2023 The RBNZ tightened by 25 points to 5.5 percent and expressed confidence that this will be sufficient to bring inflation back to target. We continue to see risks that the large migration surge will ultimately require more action after July. RBNZ Monetary Policy Statement, May 2023 The RBNZ increased

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May 23, 2023
Fed’s 2 Biggest Hawks Yesterday Coloured Trading

Fed’s 2 Biggest Hawks Yesterday Coloured Trading The Fed’s two biggest hawks yesterday coloured trading which until then turned out to be non-directional. Kashkari from the Minneapolis Fed said it’s a close call between a pause and a hike in June, adding that the former wouldn’t mean tightening is over per se. St. Louis Fed

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