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EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro
Article By:
Yohay Elam
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Friday, May 3, 2024 10:10 AM EDT
The ECB’s Stournaras said on Friday that there might only be three ECB rate cuts this year. Eurozone economic growth beat forecasts in Q1. The dollar was heading for its worst week in two months.
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
Article By:
Filip Lagaart
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Friday, May 3, 2024 6:55 AM EDT
The Japanese Yen is set to lock in a staggering performance for this week against the US Dollar. The Yen has appreciated over 3% following Japan’s intervention to propel the currency and the Fed’s less-hawkish rhetoric.
EURUSD Tests Resistance: Uptrend Signal Or Correction Within Downtrend?
Article By:
ForexCycle
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Friday, May 3, 2024 6:39 AM EDT
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.
GBP/CHF Forecast: British Pound Plunges Against Swiss Franc
Article By:
Christopher Lewis
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Friday, May 3, 2024 6:21 AM EDT
At this point, the market is likely to continue to look at the 1.15 level as a major ceiling, and the fact that we have fallen so hard will certainly scare some traders away.
GBPUSD Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Friday, May 3, 2024 6:05 AM EDT
British Pound/U.S.Dollar(GBPUSD) Forex Elliott Wave Technical Analysis
GBP/USD Forecast: Sees Sluggish Behavor
Article By:
Christopher Lewis
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Friday, May 3, 2024 4:43 AM EDT
This is a market that I think is just killing time between now and the jobs number on Friday. It's worth noting that the 200 day EMAs is just above, and of course just above there we have the 50 day EMA.
Is The NFP Cat Out Of The Bag?
Article By:
Stephen Innes
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Friday, May 3, 2024 3:40 AM EDT
The dovish Powell lean is still reverberating across global markets,
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Article By:
ING Economics
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Friday, May 3, 2024 3:10 AM EDT
The post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX.
Australian Dollar Gains Ground On Hawkish RBA, Nonfarm Payrolls Awaited
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 12:50 AM EDT
The Australian Dollar continues its winning streak for the third successive session on Friday. The hawkish sentiment surrounding the Reserve Bank of Australia bolsters the strength of the Aussie Dollar, consequently, underpinning the AUD/USD pair.
GBP/USD Trades On A Stronger Note 1.2530, All Eyes On US NFP Data
Article By:
Lallalit Srijandorn
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Thursday, May 2, 2024 9:10 PM EDT
The GBP/USD pair trades on a stronger note around 1.2540 amid the softer US Dollar (USD) on Friday during the early Asian session.