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#forexbreakfast Forex 10/05/2022

Last week, the dollar gained ground against nearly all major currencies. The Euro, like the dollar, has benefited from the rise in interest rates. EURUSD Last week, after briefly rising above 1.06, the EURUSD exchange rate fell back to around 1.05, ending the week little changed. On...

#forexbreakfast Commodities 10/05/2022

INTRODUCTION The general Bloomberg Commodity Index (0.7%) had another positive week last week, but the gain was entirely due to the energy sector, as the others all closed in the negative. The energy sector (+6.5%) has reached a new high in nearly seven years. The worst performing...

#forexbreakfast Forex 02/05/2022

EURUSD The EURUSD exchange rate fell further, falling below 1.05 and then settling around that level. The Fed meeting on Wednesday will be crucial, given high expectations for rate hikes. On the technical front, the currency is consolidating just above the 1.05 support level and has...

#forexbreakfast Commodities 02/05/2022

Last week the Bloomberg Commodity Index (0.4%) has recovered. The best sector was energy (5%), while the worst was industrial metals (-5.3%). The latter was due to concerns about global demand in light of the US GDP contracting unexpectedly in the first quarter (-1.4%). As regards...