Grantham
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Gold and WTI Crude technical analysis and trade ideas
WTI Crude May future WTI Crude held above strong support at 8000/7950 & unfortunately we did not get a buying opportunity here yesterday. Longs here today need stops below 7900. We shot higher to my targets of 8180/8200 & almost as far as 8255/75, with a high for the day at 8248. Further gai
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FTSE 100 to benefit from improved commodity appetite
The week kicked off with a pause in the equity rally on both sides of the Atlantic Ocean. Nikkei index is mostly flat on Tuesday and the yen consolidates above 151 following yesterday’s threat from a Japanese official about a potential intervention to stop excessive bleeding in the yen. The Japanese
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Dollar Turns Weak As Traders Await Data
The U.S. dollar shed ground against its major counterparts on Monday ahead of a slew of key economic data, including a reading on the PCE price index, which is the Fed's preferred measure of inflation. The core PCE price index is expected to have climbed 0.3% month-on-month in February, keeping annu
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The week ahead: Chip wars, FX in focus, and eyes on European stocks as we near the end of Q1
Last week highlighted how central banks are directing asset markets right now. As we get to the peak of the hiking cycle and wait for the next move from the Fed, the BOE and the ECB, the markets are happy to extend gains and rally into the end of Q1. The surprising thing about Q1 was the lack of sto
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AUD/USD finds some support above the 0.6500 mark, Australian CPI data eyed
AUD/USD trades on a weaker note near 0.6512 in Monday’s early Asian session. Fed’s Powell said officials want to feel more confident that inflation is headed toward the central bank’s 2% target before cutting the rates. The further positive development surrounding Chinese macro policy could lift the
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EURAUD Possible Long Position
#EUR/AUD# H4 - ReEntry H1- 50 EMA Rejection + Extreme short M15- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. I
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Gold price tumbles from record highs amid US Dollar rally
Gold prices see second day of decline, falling to $2,159 after peaking at an all-time high of $2,223. The Federal Reserve's dovish stance on interest rates keeps US yields down, except for US Dollar. Odds for Fed rate cut in June remain above 70% via CME FedWatch Tool. Gold prices drop for the secon
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Pull-up Update