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Fundamental Analysis

EURUSD and S&P 500 are primed for bearish pullback

Investors swiftly unwound their long positions on the dollar this week, driven by compelling signs of disinflation in the US in June. Market expectations regarding the Federal Reserve's (Fed)...

Nasdaq Breaking Out As Fed Rate Bets Shift

Stocks Rally on CPI DropThe Nasdaq is trading at its highest level since early 2022 this week as the index continues to rally against the backdrop of a weaker US Dollar. The index is now up almost 5%...

Bitcoin On Verge Of Major Bullish Breakthrough

BTC Testing Key LevelFollowing a move up to their highest level this year yesterday, Bitcoin prices are today sitting right up against a major resistance level. Bulls are looking for a breakout here...

Hawkish ECB minutes Keep EUR Supported

EURUSD Breaks OutEURUSD bulls remain firmly in the driving seat today with the pair seen extending gains on the back of yesterday’s rally. EURUSD broke out above the 1.1126 level yesterday which has...

AUDUSD Testing Major Level

Risk Rally Helping AussieThe uptick in risk appetite this week linked to the reversal in Fed expectations has helped AUD rally sharply. With the market now anticipating that the Fed will shift into...

GBP Rallies As UK GDP Dips Less Than Forecasted

GDP Dips in May… But Less Than ExpectedThe latest set of UK economic data today was a mixed bag. On the headline GDP reading, the UK economy was seen contracting in May, falling 0.1% against the prior...

Gold Soars As USD Falls Following CPI Slide

Gold RallyingThe fall in USD this week has helped gold prices recover sharply.  With US inflation seen cooling further last month, US rate hike expectations have plummeted. While a hike is still...

USDJPY Plunges On Fresh US Inflation Fall

US CPI Falls AgainThe US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3%...

The US June CPI Strips Dollar of any Support as Odds of a Hawkish Fed Outcome Plummet

The US June CPI report left the dollar entirely defenseless, causing the US currency index to plummet to nearly 100 level:As seen in the chart, this is the lowest level since April 2022, meaning the...