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This week, the forex market could see higher-than-usual activity with key central bank decisions and economic data releases. The Fed and BoE meetings, along with the NFPs report, will impact EUR/USD...
USD The advance reading of US Q2 GDP should be the focus for FX traders today. Market consensus looks for a print of 2.0% QoQ annualised – we are inclined to think that risks are skewed towards a...
The EUR/USD poked its head above the June high to approach 1.0950, reaching its best level since March. The US dollar has weakened further despite the release of mixed-bag US data this week, with...
The bullish run in GBP/USD remains solid as official data released on Wednesday morning confirmed UK inflation remained unchanged at 2% in June. The release was actually a little stronger than...
The European Central Bank (ECB) will be holding its July monetary policy meeting this Thursday. Data from Reuters shows markets expect no change to policy, with a 95% chance priced in. The fact that...
EUR/USD's 1.09 breakout remains likely ahead of the Eurozone CPI and ECB decision. Right now, the pair is in an uptrend. Eventually, it will attempt to break out above 1.09 once again. Unlock...
The US Dollar’s performance has been underwhelming recently with the dollar index (DXY) reaching a two-week low. Not even the ramping up of the “Trump trade” after the attempted assassination of the...
The dollar has weakened on disinflation data, pushing EUR/USD towards resistance at $1.09. Today's PPI data could impact rate cut expectations; continued disinflation could increase the...
The EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market...
Weak U.S. data from last week led to a drop in the US dollar. At the same time, the Fed's more moderate messaging increased expectations of a September rate cut. The dollar index now faces critical...
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