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Today’s hot US jobs report has sparked a US dollar rally that could last all month. Watch today’s video to see how that could impact the DXY, EURUSD, GBPUSD, XAUUSD, and AUDCAD next week. The DXY broke below a significant level on Monday at 104.50. That’s the bottom of an ascending channel that has held all year for the dollar index. However, I gave several ...
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As widely announced, the ECB yesterday cut interest rates by 25bps. At the same time, there was no pre-commitment to further rate cuts. Looking at activity data, it looks like the European economy is on the mend after the energy price shock following the Russian invasion of Ukraine. The explosion in gas prices shut down much of the energy-intensive industry ...
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