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GBP/USD Price Analysis: Bears In Charge As 'Shooting Star' Looms
Article By:
Christian Borjon Valencia
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Friday, May 3, 2024 1:45 PM EDT
The pound has held onto its gains versus the US dollar, as it retraced from its three-week highs following a softer-than-expected US Nonfarm Payrolls report. Buyers lacked the strength to keep prices above the 1.2600 level.
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 10:56 AM EDT
EUR/JPY continues to lose ground amid potential market intervention by Japanese authorities. BoJ data showed that Japanese authorities possibly expended approximately ¥6.0 and ¥3.66 trillion on Monday and Wednesday, respectively, to bolster the JPY.
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.
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.
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.
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.
Rates Spark: Payrolls Day, And It’s Potentially A Big One For Rates
Article By:
ING Economics
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Thursday, May 2, 2024 5:32 PM EDT
The growth and inflation numbers from the eurozone earlier in the week reflected a cautious economic recovery but also contained some reminders of sticky inflation.
FTSE Flatlines Ahead Of U.S. Federal Reserve Rate Announcement
Article By:
Patrick Munnelly
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Thursday, May 2, 2024 1:54 PM EDT
On Thursday, Britain's top stock index saw an increase in value as Shell and Standard Chartered shares surged following positive financial results.
In this article: EWU
EUR/USD Analysis: Weak Bounce Despite Fed Announcement
Article By:
Mahmoud Abdallah
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Thursday, May 2, 2024 10:23 AM EDT
The EUR/USD pair remained steady around 1.0715 despite the US Federal Reserve's announcement and comments from Fed Chair Jerome Powell.