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THE EU SCRAPS DEBT PROMISES, FOR NOW
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Technical Analysis
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Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such as USD or JPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt stifle growth and are not sustainable. They cite problems like higher taxes, lower future incomes, and
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Debt to GDP Ratio by Country: State of Global Debt 2022
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Technical Analysis
Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such as USD or JPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt stifle growth and are not sustainable. They cite problems like higher taxes, lower future incomes, and
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GOLD, XAU, REAL YIELDS, FED, CPI, CFTC, TECHNICAL OUTLOOK – TALKING POINTS
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Second Category, Technical Analysis
Gold prices are up over 1.5% since the start of August against the US Dollar, putting XAU/USD on track to record its first monthly gain since March. After falling to their lowest level of 2022 last month, prices began rising and are currently tracking to see a fourth consecutive weekly gain. That would be the longest
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Crude Oil Price Anchored Ahead of US CPI Despite Disruptions.
- August 10, 2022
- Posted by: Range Markets
- Category: Second Category, Technical Analysis
The 21-day simple moving average (SMA) is approaching the 200-day SMA. If it should move below it, this would create a Death Cross which may indicate bearish momentum is evolving. Support could be at last Friday’s low of 87.01 or January’s low of 81.90. On the topside, resistance might be at the break point of 92.93, which is just
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US DOLLAR INDEX STEADY AS US AND CHINA TENSIONS RISE
- August 3, 2022
- Posted by: Range Markets
- Category: Technical Analysis
US DOLLAR INDEX STEADY AS US AND CHINA TENSIONS RISE American stocks were volatile Tuesday as investors reflected on strong quarterly results by leading companies and hawkish statements by Fed officials. Uber, the biggest ride-sharing company in the world, said that its revenue rose by 105% to $8.07 billion. Its free cash flows rose to
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AUDUSD PLUNGE CONTINUES DESPITE HAWKISH RBA DECISION
- August 3, 2022
- Posted by: Range Markets
- Category: Technical Analysis
AUDUSD PLUNGE CONTINUES DESPITE HAWKISH RBA DECISION The Australian dollar declined sharply on Tuesday even after the latest interest rate decision by the Reserve Bank of Australia (RBA). The bank decided to hike interest rates by 0.50%, bringing the official cash rate to 1.85%. It has raised rates four times this year, making it the
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US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION
- July 28, 2022
- Posted by: Range Markets
- Category: Technical Analysis
US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION American stocks rose while the US dollar slipped in the overnight session after the latest interest rate decision by the Fed. As was widely expected, the Fed decided to hike interest rates by 0.75 percentage points in its bid to fight the rising inflation. The accompanying dot plot
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DOW JONES FUTURES RISE AHEAD OF THE FOMC DECISION
- July 28, 2022
- Posted by: Range Markets
- Category: Technical Analysis
DOW JONES FUTURES RISE AHEAD OF THE FOMC DECISION The Australian dollar moved sideways after the latest consumer inflation data. According to the Australian Bureau of Statistics (ABS), the headline inflation rose to the highest level in over 20 years. This increase was mostly because of the rising cost of petrol, housing, and vegetables. It
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US DOLLAR INDEX RETREATS AHEAD OF CONSUMER CONFIDENCE DATA
- July 26, 2022
- Posted by: Range Markets
- Category: Technical Analysis
US DOLLAR INDEX RETREATS AHEAD OF CONSUMER CONFIDENCE DATA The EURUSD price moved sideways on Tuesday morning as investors waited for the upcoming US consumer confidence data and Federal Reserve interest rate decision. Economists expect data by the Conference Board to show that the country’s consumer confidence continued falling as they remained concerned about the
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US STOCK FUTURES RISE ON EXPECTATION OF FED RATE CUTS
- July 26, 2022
- Posted by: Range Markets
- Category: Technical Analysis
US STOCK FUTURES RISE ON EXPECTATION OF FED RATE CUTS American futures rose on Monday as investors waited for important earnings by top American companies. Some of the top companies that will publish their results this week are Apple, Google, Coca-Cola, Ecolab, Kimberly-Clark, and PulteGroup among others. Analysts expect that most of these companies will