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PMIs came in stronger than expected in the eurozone and the UK yesterday and will be released in the US today. Despite the notion that eurozone growth pessimism may have peaked, rate differentials...
The British pound has gained ground on Thursday. In the North American session, GBP/USD is trading at 1.2536, up 0.34%. Earlier today, the pound touched a high of 1.2569, its highest level since...
OANDA Senior Market Analyst Craig Erlam discusses the recent moves in EUR/GBP in light of this morning’s PMI data. Original Post
The GBP/USD managed to make back its losses from the day before and some. It was boosted by stronger-than-expected PMI data, which helped to push rates well north of the 1.25 handle to reach its...
How to Use CFTC Commitment of Traders (COT) Report to Trade FOREX
The Thanksgiving holiday means thin volumes and no US data releases today. We expect some stabilization in EUR/USD after strong jobless claims fuelled the dollar rebound. Still, eurozone PMIs might...
· AUDUSD faces strong battle near 200-day SMA · MACD and RSI suggest bullish bias AUDUSD...
Fed policymakers encouraged by recent data but won’t get complacent BoE interest rate expectations barely changed after UK Autumn Statement GBP/USD reverses near key resistance The two big...
S&P Emini pre-open market analysis The S&P 500 Futures is far from the moving average in an overall trading range. This increases the odds that the market will have to get closer to the moving...
RBA’s Bullock says inflation has peaked Fed says it will proceed carefully The Australian dollar continues to try and break out, without much success. In the North American session, AUD/USD is...
US Existing Home Sales have continued to fall under the pressure of high-interest rates despite prices retreating from their highs.It is well known that the housing market is a leading indicator of...
Fed minutes once again reiterated the cautious approach to interest rates but for the US dollar, this seems to be a non-event. Expect trading volumes to fall away into Thursday's US Thanksgiving...
· USDJPY advances after it bottomed at 147.10 · Momentum indicators suggest more gains in...
Today’s Trade Ideas: A potential double top forming in USD/JPY after last week’s rejection of the 2022 high at 151.94. If this starts to play out we could fall as far as 140.00 in the...