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JustMarkets expects that rate cuts by the US Fed will allow the Bank of Japan (BoJ) to exit ultra-loose monetary policy next year without a sharp rise in Japanese government bond (JGB) yields. If this happens at a time when US short-term rates fall ahead of the first Fed rate cut, expected in May, USD/JPY will decisively go down. JustMarkets' USDJPY forecast...

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JustMarkets is bullish on the Aussie dollar against the US dollar in 2024. The Reserve Bank of Australia (RBA) hiked its key interest rate by 25 bps in November, breaking the pause trend typical of most other developed market central banks. JustMarkets also believes that the US dollar is over. The Federal Reserve will keep rates at 5.5% for some time, but the US...

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This chart illustrates the divergence between the S&P 500 index, a capitalisation-weighted index, and its equal weighted counterpart. Year-to-date, the performance of the S&P 500 has been largely attributable to seven stocks in the generative AI space, aptly named “The Magnificent Seven”.

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A rising wedge pattern indicates that buying momentum is slowing and could reverse.