Augustus
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EUR/JPY Price Analysis: Bullish run faces overbought risks, hovers around 169.00
EUR/JPY climbs nearing the pivotal 169.00 mark, propelled by strong risk appetite and market gains. Technical analysis shows a robust uptrend, though an RSI of 76.00 signals overbought conditions. If the pair surpasses 169.00, it faces resistance at the July 2008 high of 169.97, closely followed by
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EUR/USD Price Analysis: Bulls are not out of the woods, despite reclaiming 1.0700
EUR/USD rises due to US GDP shortfall and elevated inflation data. Technical resistance near 50 and 200-day MAs at 1.0805/07; 100-DMA at 1.0848 next hurdle. Downside below 1.0694 could retest year's low at 1.0601, possibly extending to 1.0516. On Thursday, the Euro rose against the US Dollar after U
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Euro Advances On Robust German PMI Data
The euro strengthened against most major currencies in the European session on Tuesday, after data showed that Germany's private sector expanded for the first time in ten months in April driven by a solid rise in services activity. Data from S&P Global showed that the flash composite output inde
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BoJ: Japan's Inflation trend gauge rises at slowest pace in 11 months in March
Japan's Weighted Median Inflation Index, a key measure of the country’s trend inflation, rose at its slowest pace in 11 months to 1.3% in March, the latest data published by the Bank of Japan (BoJ) showed on Tuesday. The rise in the weighted median inflation rate followed a 1.4% increase in February
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Market Focus Back On Corporate Earnings
Market spotlight is back on corporate earnings as concerns about the geopolitical tensions abated. Lingering worries about the Fed's rate cut trajectory also weighed, ahead of crucial data releases during the week including PCE-based inflation readings from the U.S. Wall Street Futures are trading h
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Pull-up Update