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The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward … Read More
EUR/USD dips after another rejection of 1.09. The pair could slump to 1.0790 on a break below 1.0840, economists at Scotiabank report. Broader bull trend remains intact “Spot has reversed … Read More
EUR/USD bears are eyeing the trendline support for an explosive breakout. The price is being resisted and a break of 1.0575 will likely encourage the bears to target a break … Read More
EURUSD finished up in the week close to 4%, spurred by a weak US Dollar. Softer-than-expected US CPI report and consumer inflation expectations rising tumbled the US Dollar. The double-digit … Read More
The Federal Reserve is laying the ground to shrink the size of upcoming interest rate hikes, weighed on the US Dollar. Falling US bond yields undermined the USD and boosted … Read More
Eurozone’s Industrial Production fell more than expected in July, the official data published by Eurostat showed on Wednesday, suggesting that the bloc’s manufacturing sector activity is in the doldrums. The … Read More
EUR/USD gives away part of Wednesday’s sharp advance. The ECB is broadly expected to hike rates by 75 bps. Extra attention will also be on the speech by Fed’s Powell. … Read More
Kit Juckes, Chief Global FX Strategist at Société Générale, stresses the importance of the terms of trade to the dollar’s strength. The euro won’t bounce until a devastating term of … Read More
EUR/USD prepares to finish the week with hefty losses above 2%. Fed officials insist it’s not time to declare “victory” while adding that further rate hikes are coming. ECB Schnabel … Read More
What you need to take care of on Wednesday, August 17: Caution prevailed on Tuesday, with the focus still on a potential global recession. The dollar maintained its dominance despite … Read More
