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Euro edges higher as eurozone data improves
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up fro
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DAX Gains On Mixed Earnings, Data
German stocks traded higher on Tuesday as investors reacted to mixed economic readings and earnings. Germany's factory orders posted an unexpected fall in March due to the decrease in domestic demand, data from Destatis revealed. Factory orders decreased 0.4 percent on a monthly basis, confounding e
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USD/JPY outlook: Initial reversal signal requires more work at the upside for confirmation
USD/JPY USDJPY edges higher on Monday after a pullback from new record high (160.19) was contained by strong Fibo support at 151.72 (61.8% retracement of 146.48/160.19 upleg, reinforced by 55DMA). Strong rejection here left a Hammer candle on Friday, initial signal of reversal, which could be booste
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Week ahead: BoE and UK GDP in the spotlight
Following Friday’s huge miss in US jobs data – which triggered dollar selling, a bid in equities and bonds, and a sizeable dovish repricing in rates (markets are now implying 53bps of easing this year for the Fed funds target rate, with September fully priced in for a 25bp cut as opposed to November
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US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
US Nonfarm Payrolls are forecast to rise by 243K in April, down from March’s 303K gain. The United States Employment report will be released by the Bureau of Labor Statistics at 12:30 GMT. The US Dollar looks to employment data after the Fed signaled its intention to hold rates higher for longer on
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FX markets reflect uncertain interest rate outlook
USD – Uncertainty is high The EURUSD has been moving in a range since the beginning of 2023. Interest rate expectations have changed constantly during this time, but neither of the two economic areas has been able to gain a lasting advantage. This is likely to have been the reason for the relatively
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USD/CHF aims for firm footing above 0.9200 on upbeat US ADP Employment data
USD/CHF strives for a firm footing above 0.9200 amid a firm US Dollar. Market participants keenly await the Fed’s policy for fresh interest rate guidance. Swiss Real Retail Sales is estimated to have grown by 0.2% in March. The USD/CHF pair aspires to shift comfortably above the round-level support
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Gold Price Forecast: XAU/USD snaps two-day losing streak above $2,280 ahead of Fed rate decision
Gold price trades on a positive note near $2,288 on Wednesday. The Federal Reserve is widely expected to keep rates steady; Fed’s Powell is anticipated to maintain a hawkish stance. The rising geopolitical risks could boost traditional safe-haven assets like gold. Gold price (XAU/USD) posts modest g
Pull-up Update