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EUR/USD: Who Controls the Financial Market It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders are […]

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Weekly Economic & Financial Commentary: G7 Central Banks Ease into Summer with Rate Cuts

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GBPUSD Wave Analysis

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15/02/2024

Technical Outlook and Review

DXY: The DXY chart currently indicates a bearish momentum, suggesting a potential continuation of the downward trend. The 1st support level is situated at 104.52, identified as a pullback support. This level corresponds to the 38.20% Fibonacci Retracement, adding to its significance as a potential area where buying interest could emerge. Additionally, the 2nd support […]
28/06/2024

EUR/USD Continues to Struggle Amid US Inflation Concerns

EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE inflation report, a significant factor in Federal Reserve decision-making. Yesterday’s data showed a larger-than-expected decrease in US unemployment claims […]
07/06/2024

EURUSD Struggles to Close Above 1.0900

EURUSD constrained below May’s barrier of 1.0894 Technical signals reflect uncertainty Sellers could take control below 1.0830 Despite a false bullish breakout to 1.0915 earlier this week, EURUSD has been struggling to close above May’s bar of 1.0894. From a technical perspective, traders are indecisive as the RSI in the four-hour chart is lacking direction above its […]