Sat, March 02, 2024

EUR trading

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY: Inflation Drives to 155.50 Amid Policy Shifts

Quick Look USD/JPY shows a neutral intraday bias with sideways trading, support at 148.79, and a breakpoint at 150.87. The larger trend projection suggests an upward movement towards 155.50 from a base of 140.25. Japanese inflation rate in January hits 2.2%, indicating potential shifts in BoJ’s monetary policy. Upcoming US Q4 GDP and PCE data …

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Wibest – Franc: Swiss franc coins.

Sideways USD/CHF Near 0.8800 Amid Rate Hesitancy

Quick Look USD/CHF trades sideways near 0.8800, showing slight gains in the early European session. FOMC minutes reveal hesitancy to cut rates hastily, preferring to await more economic data. Swiss National Bank (SNB) President hints at possible rate cuts, contingent on upcoming inflation data. Geopolitical tensions in the Middle East impact safe-haven currencies, including the …

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USD money

5% US 2-Year Yield Battle: 2023’s Market Outlook

Quick Look US 2-year Yield remains static above 5%, with market positioning aggressively net-short. Federal Reserve’s policy is expected to maintain the target range at 5.25% – 5.50% in the near term. A significant reduction in net-short exposure for US 2-Year Notes, hinting at potential yield declines. Technical analysis suggests a challenging environment for the …

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Ahead Of The US CPI Release, The Dollar Rises On High Yields

Economic Indicators: Unpacking Fiscal & Market Trends

Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …

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digital euro

Euro Plunges: Central Bank Shifts Spark Market Turmoil

Quick Look The Euro falls against the USD amid global currency shifts. Central bank policies, including potential ECB rate cuts, shape market dynamics. Economic indicators present mixed signals for the Eurozone and the US. Tuesday’s trading session saw the Euro decline significantly against the US dollar, underscoring the dollar’s dominance in the foreign exchange market. …

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The Euro Dragged Down By Additional Sanctions on Russia

EUR/USD Faces Market Uncertainty Amid Economic Factors

EUR/USD Intraday Bias Remains Neutral The EUR/USD currency pair is currently navigating a landscape fraught with uncertainty, maintaining a neutral intraday bias. Market analysts are closely monitoring the pair as it grapples with various factors affecting its trajectory. Technical Analysis Highlights Potential Bearish Trend In technical analysis, the EUR/USD pair is signalling bearish momentum. The …

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Euro fell before the ECB meeting. What about the dollar?

Euro Holds Strong Under 1.0850 Amid Global Tensions

In the intricate dance of global currencies, the Euro continues its steadfast performance, currently trading below the 1.0850 mark. Despite facing pressures, the single currency has proven resilient, holding onto the crucial 1.0800 level. As geopolitical tensions rise, particularly with the recent deadly attack near the Jordan-Syria border, the Euro stands as a robust contender, …

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Euro

EUR/USD: Euro Seeks Recovery Amid Confidence Dip

Euro Attempts Rebound Amidst Consumer Confidence Dip EUR/USD is striving to retrace recent losses, trading marginally higher, around 1.0850, during the Asian session on Wednesday. The Euro faced downward pressure following the European Commission’s release of preliminary Consumer Confidence data. The data indicated a decline to -16.1 in January, compared to an expected -14.3 and …

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US dollar closeup shot

US Dollar Rate Amidst Global Economic Shifts

The US dollar rate, an important indicator of global economic sentiment, has recently experienced significant fluctuations. The US Dollar Index (DXY) reached three-week highs, approximately at 102.70, driven by sustained selling pressure in risk-related markets. Concurrently, US yields rose to multi-week highs across various maturities, reinforcing the dollar’s strengthening trend. This article explores the factors …

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dollar, Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Forex Day Trading: Navigating Market Volatility

In the dynamic realm of forex day trading, staying informed about economic indicators and market trends is crucial. This article explores recent market developments, emphasizing the impact of these indicators on the US Dollar Index (DXY) and major currency pairs like EUR/USD and GBP/USD. We’ll delve into the intricacies of day trading. Furthermore, we’ll highlight …

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Wibest – American: US dollar bills.

American Dollar Rate and Impact on Global Markets

The American dollar rate, a key indicator of the United States’ economic health, is currently undergoing significant fluctuations. These changes are triggering widespread effects, both domestically and internationally. The US Dollar, hitting its lowest since July, reflects these shifts. Concurrently, the decline in Treasury yields to a five-month low is influencing the buying dollar rate …

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dollar, euro,

Dollar Exchange: The US Dollar’s Recent Moves

The intricate dance of the dollar exchange rates continues to captivate global markets, with the US Dollar Index experiencing a further dip on Thursday. The Federal Open Market Committee’s (FOMC) dovish signals have cast shadows over the greenback, leaving it vulnerable as Treasury yields linger around multi-month lows. In this volatile landscape, understanding the nuances …

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The Dollar Rises As Rising Inflation Signals Rate Hikes

Strategising to Buy USD Amidst Shifting Dynamics

In the tumultuous landscape of financial markets, the past week witnessed a surge in volatility, triggering significant movements across various assets. Among the notable shifts, U.S. Treasury yields experienced a sharp decline, raising questions about the future trajectory of the dollar. In this context, discerning investors may find opportunities to strategically “buy USD” amidst evolving …

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