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There was no major news coming out of the Fed chatter. Most of the focus was on interest rates, and stocks. Bitcoin fell toward technical support. Crude oil prices rebounded off of low levels and closed higher on the day, but down on the…

The GBPUSD started the session lower and below the 50% midpoint of the range since the June 29 low at 1.2866. That level was also close to the falling 100-hour MA. The dual levels increased that levels importance.In the US afternoon…

headlines:Markets:The Australian dollar leads, and the euro lags todayEuropean stocks are slightly higher; S&P 500 futures rose 0.1%US 10-year yields rose 4.3 basis points to 3.900%Gold rose 0.1% to $1,956.83West Texas Intermediate…

G3 central bank meetings this week:The Federal Open Market Committee (FOMC) on Wednesday, the European Central Bank on Thursday, and the Bank of Japan on Friday Put a damper on intra-session major forex volatility.However, an…

Asian trading forex news for Monday, July 24, 2023 The preliminary reading of the PMI from Japan for July showed at 52.1, unchanged from the previous month, as business activity recorded an expansion of 7y…

Markets:Gold fell $8 to $1,961WTI Crude Oil rose $1.27 to $76.92US 10-year yields fell 1.7 basis points to 3.83%The S&P 500 dropped 2 points, to 4,564The Swiss Franc advances, the Japanese Yen lagsThe economic calendar was light and…

The US dollar rebounded today after reacting to a higher preliminary 1-year University of Michigan inflation forecast and generally better data from the monthly consumer survey. Yields have also risen sharply. The inflation reading showed…

Yesterday's US CPI report came in below expectations across the board and led to a heavy sell-off in the US dollar. Market prices were unchanged for a 25 basis point rally at the July meeting although labor market tightness and no hints of…

S&P 500 daily chartThis is what I wrote in my preview of the nonfarm payroll:In terms of strategy, there is a lot of talk of bond buying on the strong non-farm payroll prints in anticipation of lower CPI next week. The forex reading…

Markets:Gold rises from $13 to $1924The price of WTI rose $1.86 to $73.66US 10-year yield rose 2.3 basis points to 4.06%The Standard & Poor's 500 fell 0.2%.The Japanese yen rose, and the US dollar laggedInitial reaction to the nonfarm…