The WTI bear trend continues despite OPEC+ output cuts and positive re-opening news out of China. Can Biden’s target price for SPR refills act as an artificial price floor?
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USD/CAD Eyeing Upside Breakout Following Dovish BoC Rate Hike
The Bank of Canada hiked rates by 50bps accompanied by a dovish outlook keeping USDCAD on the offensive. YTD high looks vulnerable as FOMC approaches.
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AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk
AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.
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Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?
The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?
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Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?
The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?
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