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GBP/USD Moves Below 1.2500 Ahead Of BoE Policy Decision
Article By:
Akhtar Faruqui
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Thursday, May 9, 2024 3:10 AM EDT
GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday. Thursday brings the BoE interest rate decision, with expectations of maintaining interest rate at 5.25%.
EUR/GBP Extends The Rally Above 0.8600, All Eyes On The BoE Rate Decision
Article By:
Lallalit Srijandorn
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Thursday, May 9, 2024 2:50 AM EDT
The EUR/GBP cross extends its upside around 0.8605 during the early Europen trading hours on Thursday. The cross edges higher for the third consecutive day ahead of the Bank of England (BoE) interest rate decision.
British Pound Breaks Key Trendline Support Against US Dollar
Article By:
ForexCycle
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Thursday, May 9, 2024 2:10 AM EDT
The GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely been completed at the 1.2633 high.
Elliott Wave Analysis On USDJPY Recovery Post BOJ Intervention
Video By:
Elliottwave Forecast
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Thursday, May 9, 2024 1:30 AM EDT
USDJPY has been on a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short-term Elliott Wave path for the currency post-intervention.
Asia Open: US Inflation Data In The Market Purview
Article By:
Stephen Innes
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Wednesday, May 8, 2024 9:50 PM EDT
Asian markets are poised for a lacklustre start on Thursday, influenced by a mix of factors including, a strengthening dollar, and a gradual rise in U.S. bond yields, which collectively diminish investors' appetite for riskier assets.
GBP/USD Holds Below 1.2500 Ahead Of BoE Rate Decision
Article By:
Lallalit Srijandorn
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Wednesday, May 8, 2024 8:50 PM EDT
The GBP/USD pair remains on the defensive around 1.2495 on Thursday during the early Asian session. Greenback edges higher for the third consecutive day, which weighs on the major pair.
AUD/USD Weakens Further As US Treasury Yields Boost US Dollar
Article By:
Christian Borjon Valencia
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Wednesday, May 8, 2024 8:10 PM EDT
The Australian Dollar extended its losses against the US Dollar for the second straight day, as higher US Treasury bond yields underpinned the Greenback.
EUR/USD Stuck Near Midrange Ahead Of Thin Thursday Session
Article By:
Joshua Gibson
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Wednesday, May 8, 2024 7:50 PM EDT
EUR/USD is reverting to the near-term mean, stuck near 1.0750 and stuck firmly in the week’s opening trading range.
The Expected Move Is Keeping Markets Here… But Volatility Lurks
Stocks And Precious Metals Charts - Sic Transit Gloria Mundi
Article By:
Jesse's Cafe Americain
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Wednesday, May 8, 2024 5:15 PM EDT
Stocks did their usual intraday churn and burn, finishing largely unchanged. Gold and silver were feeling a bit wobbly, but not much.
The Dollar chopped sideways.VIX has now fallen, considerably.
Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks
Article By:
Tyler Durden
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Wednesday, May 8, 2024 4:15 PM EDT
June-August is the second strongest 3-month period of the year for all years going back to 1928 with the SPX up 65% of the time on an average return of 3.2%.
In this article: BNO, DIA, GLD, IEF, OIL, UCO, USO, UUP, NDX, SPX, BITCOMP, TSLA, SHOP, TRIP, UBER, AFRM
Japanese Market Commentary - Wednesday, May 8
Article By:
James Harte
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Wednesday, May 8, 2024 11:25 AM EDT
The Japanese Yen is coming under fresh pressure this week, despite recent suspected intervention from Japanese authorities.