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Update from the forecast below, where we pin pointed $3800 as the possible ATH for the time being, as we watch many developing scenearious. For those that want a quick fundamental update, here is my best! (read below)

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DXY: Upside target from previously posted forecast hit: +10.48% marginalized, +938 Bp EURUSD: Downside Target Swing Achieved 28 days, +644.8 pips from forecast posted March 6th

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The euro-British pound sterling traded at 0.83652 on Friday, March 11th, down 0.00330, or 0.39 percent, from the previous trading session.Looking back over the last four weeks, EURGBP lost 0.11 percent. Its value has decreased by 2.56 percent over the last year.Looking ahead, we forecast Euro British Pound Sterling to be priced at 0.82811 by the end of this...

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On Thursday, the Labor Department issued a report showing that the annual rate of U.S. consumer prices climbed faster in February than it did the previous month . In February, consumer prices jumped 7.9 percent year on year, the quickest pace since January 1982 , when prices rose 7.5 percent. According to Oxford Economics, the Russia - Ukraine conflict...

TayFx Updated 

As investors ditched safe-haven assets in favor of stock allocations, the dollar index bottomed around the 98 mark, moving away from a nearly two-year high of 99.40 reached earlier this week. The most active selling was against the euro, which was sparked by news that European Union members were considering issuing a joint bond to fund energy and defense spending....

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Today, the dollar index held steady above 99 and stayed near levels last seen in May 2020. Investors looked at geopolitical and economic concerns over the Russia–Ukraine conflict, and they bought dollars as a safe-haven. The long-running conflict in Ukraine didn't seem to go away, and it kept causing chaos around the world. This has led to a big rise in commodity...

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The yield differential between two-year and ten-year US Treasury notes, known as the 2s10s spread, has reached its highest level since November 2015. The 2s10s spread, which describes the slope of the yield curve, receives a lot of attention from market analysts and has arguably been a strong indication of economic mood and expectations. Historically, a steep...

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The recovery in the US Dollar (as measured by the DXY Index) following the disappointing August US Nonfarm Payrolls report has assisted in taking some of the luster off gold prices over the past week. Because the anticipated slowdown in both fiscal and monetary stimulus out of the United States has arrived – pandemic-era unemployment benefits have expired, and the...

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It was announced today that statistics from the purchasing managers' index (PMI) had been released, and although the most of the values were lower than anticipated, they indicate that the economic recovery remained at its incredible pace in August. As a start, the manufacturing index in France came in at 57.3, which was in line with predictions (albeit it was down...

TayFx Updated 

USD/JPY is expected to lose further ground this week. The currency gained 17 pips throughout the week as the Fed outlined conditions for its long-awaited bond reduction on July 28. Anecdotal evidence suggests that the US economy is slowing. Japan's economy showed no indications of slowing, and the data matched forecasts. Only a prolonged rally over may reverse the...

TayFx Updated 

As the trading week gets underway, the EUR/USD is edging lower during the Asian trading hours. The pair is moving in a very narrow trading band and is not gaining any significant traction. At the time of writing, the EUR/USD exchange rate is trading at 1.1693, representing a 0.04 percent loss for today. ================================ 📢 Signal#:33 🏦 OrderType:...

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The Chicago Board Options Exchange developed the VIX in 1990 to predict future stock market volatility. The VIX is a real-time indicator that represents market participants' volatility predictions for the following 30 days. When the S&P500 falls, the index rises when it rises, demand for protection falls. The VIX is a gauge of market emotion, thus the name "fear...

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On Friday, the S&P 500 index rebounded as investors took advantage of Wall Street's recent labeling opportunities. For this week's Jackson Hole Symposium, equity traders will be looking at signals regarding the Fed's next move. The Minutes of the last FOMC meeting showed that the majority of Fed members are in favor of lowering the asset purchasing program to $120...

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The precious metal is being weighed down by the historical inverse correlations between gold and the USD and US Treasury rates. Since late April 2021, the Dollar Index (DXY) has maintained a strong negative connection with gold, while bond yields have shown a change of heart (notice that correlation does not imply causation!). Fundamentally, we may see a rebound...

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As speculators predict a faster-than-expected timeline for the Federal Reserve's withdrawal of stimulus, the US Dollar has hit fresh all-time highs. Chairman of the Federal Reserve, Jerome Powell, will give a lecture titled "The Economic Outlook" at Jackson Hole, Wyoming, on Friday, August 27, at 10 a.m. EDT/14 GMT. At the Jackson Hole Conference Center, a...

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Update from previously posted execution via The Jackson Hole Economic Symposium, which will take place next week and is expected to include a speech by Jerome Powell, Chairman of the Federal Reserve Bank of New York, will be the main talking point. Market investors will most certainly scrutinize every word he says after the release of the FOMC minutes this week,...

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This week, USD/JPY is expected to lose further ground. With increasing Covid cases globally, the US currency gained ground this week. According to the July FOMC minutes, the present QE program will be tapered by the end of 2012. Perceived consumer sentiment in the US is deteriorating. The duo may technically fall farther. Despite the worldwide strength of...

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Yield Curve for Pre-NY 10:43:48 (UTC) Thu Aug 5, 2021