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Wednesday, May 29, 2024

European Markets Wrap-Up: Crude Oil Technical Analysis – Strong growth data boosts prices

Crude Oil Technical Analysis – Strong growth data boosts prices

Fundamental Overview Crude oil has been falling steadily since topping around the $87.50 level following the mutual retaliations between Iran and Israel. The drop has been kind of a head-scratcher as... 

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Limitless Opportunities Await at iFX EXPO International 2024!

Only a few weeks remain until the world's premier online trading event, iFX EXPO International 2024, opens its doors to thousands of global industry professionals and C-level executives on the beautif... 

USDCHF Technical Analysis – The strong US data continues to support the dollar

Fundamental Overview The USD got a boost yesterday from strong US Consumer Confidence data which triggered an aggressive rise in Treasury yields. The report however just showed that the labour market... 

Stocks stay on the defensive so far on the session

Here's a snapshot of things so far today: Eurostoxx -0.7% Germany DAX -0.7% France CAC 40 -0.8% UK FTSE -0.3% S&P 500 futures -0.6% Nasdaq futures -0.6% Dow futures -0.5% The selloff in bonds yest... 

Gold Technical Analysis

Fundamental Overview Gold has been feeling the pressure from the rise in real yields lately as the opportunity cost of holding into gold at these levels remains high. We will likely need some downside... 

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FX option expiries for 29 May 10am New York cut

There are a few to take note of on the day, as highlighted in bold . And they are all for EUR/USD, layered in between 1.0800 through to 1.0890. The bookends of the expiries also help to exemplify the... 

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