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Slid on high UK yields, dark cloud cover formation
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EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound.
From a…
Forex and Cryptocurrencies Forecast for July 03 – 06, 2023 – Analytics & Forecasts…
EUR/USD: When Will the Pair Return to 1.1000? ● Summarizing the second half of June, the result in the EUR and USD confrontation can be said to be neutral. On Friday, June 30, EUR/USD ended up where it traded on both the 15th…
GBP/USD rebounds to 1.2700 as PCE eases in the US, the GBP ends quarter on higher note
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GBP/USD surges more than 0.50% following strong UK economic data and easing US inflation.
US Core…
Lower inflation, better GDP spurs Dow Jones advance
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The Dow Jones Industrial Average has risen 1.17% so far this week.
DJIA futures advanced 0.5% in…
NZD/USD recovers after soft PCE data from the US
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NZD/USD cleared part of it previous day’s losses and climbed to 0.6130, 0.90% up on the day.
Core…
AUD/USD rises amid easing US inflation, stays firm around 0.6650s
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AUD/USD surges 0.66%, eyes 0.6700 as US inflation shows signs of slowing, softening the US dollar.…
Event Guide: U.S. Manufacturing PMIs
In a few days, we’ll get a sneak peek of the manufacturing activity in the U.S., a top tier leading economic indicator!
Will the numbers ease or feed into U.S. recession fears?
Here are points you need to know if you’re planning on…
EUR/JPY regains momentum, poised for a weekly gain
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EUR/JPY found support at a low at 156.70 and then recovered towards 157.50.
Japan reported soft…
Global Market Weekly Recap: June 26 – 30, 2023
The spotlight turned to China and the U.S. for the most part of the week, as updated Chinese GDP forecasts and net better-than-expected U.S. economic updates stole the show.
Hawkish central bank rhetoric during the ECB Forum on Central…
XAG/USD gains ground following soft PCE data
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The XAG/USD jumped above $22.70, seeing more than 0.80% gains and is set to close a winning week.…