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Forex

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...

BOC Meeting Opens Up Bearish NZDCAD Risks

BOC Up NextThe Bank of Canada meeting today is drawing plenty of attention with the BOC widely expected to hike rates by a further .25% on the back of last month’s unexpected rate hike. The BOC...

Daily Market Outlook, July 12, 2023

Daily Market Outlook, July 12, 2023Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as investors maintained caution ahead of the release of key US inflation data. The...

RBNZ Pauses After 12 Consecutive Hikes

RBNZ Holds Rates SteadyFollowing 12 straight months of rate hikes, the RBNZ held monetary policy unchanged at the July MPR overnight. Sitting at 5.5%, the RBNZ noted that policy would remain unchanged...

Can History Help us Predict Market Cycles?

Bright MindsBright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters to...

Can EURUSD Breakout On US CPI?

USD Downside RisksToday’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations...

GBPJPY Correction Offers Bullish Opportunities

UK Data in FocusGBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with...

GBP Higher On Fresh Wage-Growth Increase

Wages Rise AgainGBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was...