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Rates Spark: Eurozone Growth Recovery Not To Be Ignored
Article By:
ING Economics
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Tuesday, May 7, 2024 6:55 AM EDT
US and euro rates opened the week lower, continuing the dovish sentiment from the week before. Markets are pricing in 75bp of ECB rate cuts for 2024, but two cuts are also still on the table, and thus market pricing should be lower.
EUR/USD Propped Up Near 1.0750 Ahead Of European Retail Sales
Article By:
Joshua Gibson
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Monday, May 6, 2024 8:15 PM EDT
EUR/USD hovered around 1.0770, edging up post PMI data, before stabilizing above 1.0750. Eyes on Tuesday's pan-European Retail Sales figures.
GBP/USD Analysis: Cautious Watching For BOE Decisions
Article By:
Daily Forex
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Monday, May 6, 2024 10:56 AM EDT
The Bank of England may this week provide a clearer signal on whether it plans to cut interest rates this summer, just as investors bet on delayed easing expectations.
European Stocks Edge Higher Amid ECB Rate Cut Prospects And Mixed US Jobs Data
Article By:
The Private Banker
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Monday, May 6, 2024 8:13 AM EDT
European stock markets witnessed modest gains on Monday, with both the STOXX 50 and STOXX 600 indices rising approximately 0.1%.
EUR/USD Analysis: After US Jobs Numbers
Article By:
Mahmoud Abdallah
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Monday, May 6, 2024 6:57 AM EDT
The EUR/USD currency pair extended gains to the resistance level 1.0812 on the back of weaker-than-expected US jobs data and settled around 1.0760 at the start of trading this week.
Euro Stalls At Key Trendline Resistance Against US Dollar
Article By:
ForexCycle
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Sunday, May 5, 2024 11:51 PM EDT
The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart.
EUR/USD Holds Positive Ground Above 1.0750 Ahead Of Eurozone PMI, PPI Data
Article By:
Lallalit Srijandorn
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Sunday, May 5, 2024 11:20 PM EDT
EUR/USD extends the rally to 1.0765 amid the weaker USD on Monday. The US job growth slowed more than expected in April, boosting the odds of a September rate cut from Fed.
Weekly Commentary: Instability
Article By:
Doug Noland
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Sunday, May 5, 2024 5:08 AM EDT
Powell is a dove which should not have surprised us. There was justification for market expectations of a more hawkish FOMC and Chair. Inflation has been sticky, and the current trajectory unclear.
Speculator Extremes: Copper, Silver & Commodities Index Lead Bullish Positions
Article By:
Zachary Storella
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Sunday, May 5, 2024 1:00 AM EDT
This week's Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
FX Speculators Reduce Bearish Bets For Yen, Canadian & Australian Dollars
Article By:
Zachary Storella
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Saturday, May 4, 2024 7:17 PM EDT
The COT currency market speculator bets were higher this week as eight out of the eleven currency markets we cover had higher positioning while the other three markets had lower speculator contracts.
GBP/JPY Floundered Near 192.00 After Suspected BoJ Interventions Flattened Markets
Article By:
Joshua Gibson
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Saturday, May 4, 2024 4:14 PM EDT
The GBP/JPY currency pair was seen trading flat near the 192.00 handle on Friday, as the Bank of Japan has been suspected of directly intervening in Forex markets to prop up the battered Japanese yen.
EUR/USD Broke Above Recent Congestion As US NFP Miss Drove Down Greenback
Article By:
Joshua Gibson
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Saturday, May 4, 2024 1:20 PM EDT
The EUR/USD currency pair drove into a fresh weekly high on Friday, breaking above recent congestion after a broad miss in US Nonfarm Payrolls labor and wages figures reignited hopes for an accelerated path towards Federal Reserve rate cuts.
May 2024 Monthly
Article By:
Marc Chandler
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Saturday, May 4, 2024 9:58 AM EDT
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance.