Recession fears, US CPI in focus

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were a sea of red on Tuesday as recession fears and China’s renewed Covid-19 outbreak smothered appetite for risk. Overnight, Wall Street’s

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Struggling for parity

By Jeffrey Halley    Things are looking messy, especially in Forex Land where the Euro is within a hair’s breadth of trading at parity with the US Dollar Tuesday morning. Overnight, the single

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NFP says ‘What Recession!’

By Edward Moya The US economy is clearly not slowing as fast as many were thinking as the labour market remains robust. America added 372,000 NFP jobs in June, much better than

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Tragedy in Japan

By Jeffrey Halley    Japan’s former Prime Minister Shinzo Abe is in “grave condition” after being shot while campaigning for parliamentary elections in the city of Nara. Current PM Fumio Kishida said Abe

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FOMC minutes reality check

By Jeffrey Halley    US markets got little solace, but more clarity, from the FOMC minutes overnight; the committee members remained highly focused on culling inflation, even if it was at the expense

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Recession meltdown

By Jeffrey Halley    Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging

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Knot-tying masterclass continues

By Jeffrey Halley   Volatility remains elevated across every asset class, although a US holiday overnight meant a 12-hour break from the noise. The strategy of watching the rooster fight from the sidelines

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