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Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?

Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?
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Crude Oil Price Forecast: Rally Back on Track After Bear Trap

Crude Oil Price Forecast: Rally Back on Track After Bear Trap Advertisement Crude Oil Outlook: Crude oil prices took a dive earlier this week, but price action suggests that the bearish impulse is in the rearview mirror. The OPEC+ announcement seems to have been digested by markets, which are refocusing on the reality of the supply-demand imbalance likely to persist. Bears Be Warned While US equity markets have been climbing their own wall of worry, so too have crude oil prices: the delta variant; the OPEC+ announcement to increase supply; and the surprise climb in US oil inventories. With respect to the three points above, you can read more about the delta variant and its implication for financial markets here.

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook Advertisement British Pound Outlook: The British Pound has been hampered by the latest surge in COVID-19 delta variant infections, which have traders on edge that more lockdowns are possible. Both GBP/JPY and GBP/USD have rebounded from critical technical support, suggesting that further losses may be contained. Recent changes in retail trader positioning suggest a mostly mixed bias for the British Pound. Dead Cat Bounce or Second Life? ‘Freedom Day’ has come and gone for this week, but markets don’t appear to be convinced that this marked the ‘beginning of the end’ of the pandemic for the UK. With delta variant caseloads surging in recent weeks, the British Pound has been hampered relative to its major counterparts as traders are on edge that re-opening measures could be reversed.

EUR/JPY IG Client Sentiment: Traders Fade Rebound, Now Net-Short

EUR/JPY IG Client Sentiment: Traders Fade Rebound, Now Net-Short
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