Fri, February 23, 2024

EUR/USD

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

US Dollar Dips Below 104, PMIs & Fed’s View in Focus

Quick Look The US Dollar dips below 104.00 as risk sentiment improves, influenced by optimistic market events. Upcoming PMIs across major economies set to impact market dynamics. Federal Reserve’s January meeting minutes caution against premature policy easing. Currency movements see EUR/USD and GBP/USD gains, with notable shifts in commodity currencies. Market eyes on Nvidia’s earnings …

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With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.

Forex Review: EUR/USD, GBP/USD, USD/CAD

Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …

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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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Wibest Broker-Currency Pairs: Compass pointing north to the Dollar

Forex Update: Dollar Dips 0.4%, Gold Soars Past $2000

Quick Look US Dollar Index drops 0.4% ahead of key economic data releases. Retail Sales in the US declined by 0.8%; Initial Jobless Claims slightly improved. UK Retail Sales see a surprising 3.4% increase in January. Central banks in Japan and New Zealand reiterate monetary policy stances. Significant currency movements were observed across major pairs; …

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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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The Dollar Rises As Rising Inflation Signals Rate Hikes

The US Dollar’s Tug of War: Yields Up, Stocks Steady

Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …

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Wibest – fx market: USD

Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz

Quick Look The US Dollar Index remains steady near 104.00, with Treasury yields showing slight gains. China reports mixed economic indicators, with a slight monthly CPI increase but a yearly decline and a drop in PPI. Major currency pairs exhibit varied performance, highlighting market sensitivity to global economic data and policy expectations. Gold maintains its …

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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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dollar

Geopolitics & Powell’s Words Impact the US Dollar

US Dollar Shows Resilience After Strong NFP Report The foreign exchange market began the week with a dynamic performance, where the US Dollar (USD) took centre stage. The USD displayed resilience against major currencies, building on momentum from an impressive surge. Factors such as escalating geopolitical tensions and the hawkish remarks of Federal Reserve (Fed) …

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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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Market Caution: Dollar Steady in Currency Markets

Federal Reserve’s Policy Meeting Sparks Investor Caution In the early hours of the European session, the U.S. dollar remained stable within a narrow range as global investors adopted a cautious stance ahead of the Federal Reserve’s two-day policy meeting. The Dollar Index, which measures the greenback’s performance against a basket of currencies, edged 0.1% lower …

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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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US Dollar Index Rises 0.18%: Key Insights into Economic Trends

The US Dollar Index is on the rise, with a 0.18% gain, reaching 103.321, driven by a remarkable 3.3% growth in the US Gross Domestic Product (GDP). The robust fourth-quarter economic expansion exceeded expectations, highlighting the US economy’s resilience. Concurrently, Unemployment Claims slightly exceeded forecasts at 214K but continued to signal a stable job market. …

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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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