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Wednesday, August 28, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 23 August 0.5% vs -10.1% prior

US MBA mortgage applications w.e. 23 August 0.5% vs -10.1% prior

US MBA mortgage applications: 0.5% vs -10.1% prior US MBA mortgage market index: 226.9 vs 225.8 prior US MBA purchase index: 131.8 vs 130.6 prior US MBA refinancing index: 753.8 vs 754.4 prior US MBA... 

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Wang Yi urges US to treat China as equal and halt suppression in trade and tech

China's Foreign Minister Wang Yi, in a meeting with U.S. National Security Adviser Sullivan, emphasized the importance of treating each other as equals for the smooth development of China-US interacti... 

NZDUSD Technical Analysis – The market's focus has been on the dovish Fed

Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door ope... 

JP Morgan joins other banks looking for more USD downside

The bank notes three negative drivers for the USD: Lower Yields Environment : A persistent low-yield environment in the US, with the Fed's dovish tone at the Jackson Hole speech reinforcing expectatio... 

WTI gives up all the Libya gains and trades below $75

Catalysts have been very thin on the commodity side this morning, but WTI has given up all of it's Libya inspired gains from Monday. We're currently trading back below the $75 and getting close to the... 

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Latest Forex Orders

FX option expiries for 23 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level again. Similar to yesterday, the expiries are likely to help lock price action from fa... 

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