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Markets The ECB and its Watchers XXIV conference and UK February CPI data provided a welcome interlude counting down to tonight’s Fed decision. ECB Lagarde basically held to the recent communication line. Moving into the dial back phase requires wage growth to slow further, a continued decline in inflation towards 2% and a confirmation in […]

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27/05/2024

Trading Probably Will Take a Slow Start

Markets With investors looking ahead to a long weekend in the US and the UK; the upleg in core yields slowed on Friday. US and EMU yields closed with changes of less than 1.5 bps across the curve. US durable goods orders (+0.7% M/M) and core shipments (+0.4% M/M) printed stronger than expected, but coming […]
22/01/2024

USDJPY Trades Sideways Ahead of BoJ Meeting

USDJPY consolidates near its almost 2-month high RSI and MACD lose ground but stay in positive zones USDJPY has been in a steady advance since its five-month bottom of 140.24 registered in late December, posting consecutive higher highs. However, the rally seems to have taken a breather in the past few four-hour sessions as momentum […]
04/04/2024

AUDUSD Continues the Bounce Off 0.6475 Mark

AUDUSD holds within trading range Prices rise above SMAs RSI indicates more gains AUDUSD is surging after the rebound off the 0.6475 support level, surpassing the simple moving averages (SMAs) and extending its move towards the 0.6633 barrier, which is acting as the upper boundary of a short-term sideways channel. According to technical oscillators, the […]