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USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge
Article By:
Robert Petrucci
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Wednesday, April 24, 2024 11:13 AM EDT
The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning.
AUD/USD Forecast: Rallies As Rate Cut Bets Ease After Hot CPI
Article By:
Yohay Elam
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Wednesday, April 24, 2024 10:59 AM EDT
Australia’s CPI increased by 1% in Q1, beating estimates for an increase of 0.8%. There is a 4% chance of an RBA hike in August. PMI data showed a decline in US business activity in April.
EUR/USD Forecast: Rangebound And Tight
Article By:
Christopher Lewis
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Wednesday, April 24, 2024 10:43 AM EDT
The 1.07 level above has offered resistance, which makes sense because there's a lot of market memory there, as it previously had not only been resistance, but it's also been support.
Euro Gains Against The Dollar Amid Mixed Economic Signals
Article By:
Andrey Goilov
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Wednesday, April 24, 2024 10:14 AM EDT
The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.
AUD/JPY Gains On Growing Expectations For A More Hawkish RBA
Article By:
Akhtar Faruqui
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Wednesday, April 24, 2024 8:53 AM EDT
AUD/JPY continues its winning streak after the stronger Australian CPI was released on Wednesday. Australia’s 10-year government bond yield has surged to 4.49% near five-month highs on waning expectations of the RBA rate cuts.
USD/JPY Extends Upside To 155.00 Amid Caution Ahead Of US Data, BoJ Policy
FX Daily: Survey Divergence Hits The Dollar
Article By:
ING Economics
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Wednesday, April 24, 2024 7:01 AM EDT
The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data has generally helped the dollar of late.
The Commodities Feed: Oil Risk Premium Eases
Article By:
ING Economics
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Wednesday, April 24, 2024 6:21 AM EDT
Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment.
EUR/USD Recovers After US Economic Myth Dented
Article By:
FXStreet
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Wednesday, April 24, 2024 5:28 AM EDT
EUR/USD climbs above the key 1.0700 psychological level early on Wednesday. Weaker-than-expected US PMI data on Tuesday undermined the US Dollar and fueled the recovery. EUR/USD’s Bear Flag pattern deforms, bringing into doubt its validity.
The Return Of Optimism In Germany
Article By:
ING Economics
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Wednesday, April 24, 2024 5:04 AM EDT
A third monthly increase in the Ifo index strengthens the view that the German economy has left the trough behind and should be able to enjoy some more cyclical improvement.
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In this article: EWG
Australian Dollar/U.S. Dollar - Forex Elliott Wave Technical Analysis - Wednesday, April 24
Article By:
Peter Mathers
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Wednesday, April 24, 2024 4:48 AM EDT
The AUD/USD Elliott Wave Analysis for the Day Chart provides an in-depth examination of the trends and expected future movements in the Australian Dollar/U.S. Dollar currency pair according to Elliott Wave Theory.
In this article: FXA
USD/JPY Forecast: Dips Are Opportunities
Article By:
Christopher Lewis
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Wednesday, April 24, 2024 3:57 AM EDT
The US dollar continues to squeeze higher against the Japanese yen, as the interest rate differential continues to be a major driver.
GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief
Article By:
Crispus Nyaga
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Wednesday, April 24, 2024 3:13 AM EDT
The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw Pill, a senior Bank of England (BoE) official.
Asia Morning Bites - Wednesday, April 24
Article By:
ING Economics
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Wednesday, April 24, 2024 2:22 AM EDT
Australian March and first-quarter 2024 inflation and a no-change decision from Bank Indonesia due