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The shutdown may end soon. Increased volatility supports the dollar. The Bank of Japan recalls deflation. The pound is frightened by tax increases. Progress in negotiations between Democrats and Republicans on resuming government operations has cooled the enthusiasm for the US dollar among bulls. The dollar index has taken a step back from its local […]

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24/04/2025

Sunset Market Commentary

Markets Yesterday’s US risk rebound shifted in lower gear. It adds to our cautious view on the durability of such moves in these headline-based trading circumstances where the outlook remains clouded as ever. The “meaning” of Wednesday’s upside rip headlines – “I have no intention to fire him [Fed chair Powell]” & “We’re going to […]
19/12/2024

EURGBP Bears Remain in Control

EURGBP retreats after hitting resistance at 0.8325 Broader downtrend remains intact, but momentum weakens Break below 0.8225 could confirm trend continuation Rebound above 0.8450 may signal bullish trend reversal EURGBP traded lower this week, after hitting resistance near the key territory of 0.8325. Overall, the pair is trading below all three of the plotted moving […]
19/09/2025

Gold (XAU) and Silver (XAG) Find Selling Pressure from Post-FOMC Stronger US Dollar

Gold and Silver are subject to immediate pressure as the US Dollar regains strength and reputation after yesterday’s FOMC meeting. The challenged independence of the Fed was a major driver behind the immense rally metals enjoyed from late August into early September, as Powell’s shift in tone from the Jackson Hole conference cast doubt on […]