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The European Central Bank left monetary policy unchanged, keeping the key rate at 4.5% since September. Much of the focus of the Q&A session revolved around the timing of the first decline, with...
The euro is showing limited movement on Thursday. In the European session, EUR/USD is trading at 1.0895, up 0.10%.Eurozone PMIs, released on Wednesday, pointed to trouble in the manufacturing and...
European FX markets will today be monitoring how US asset markets react to the news that the Fed will not be renewing its Bank Term Funding Program. US regional banks will be in focus here. Elsewhere,...
· EURUSD rebounds off 200-day SMA · But, remains beneath the rising trend line...
Gold May Drop Below 2,000 Due to the US GDP ReportThe gold (XAU) price fell by 0.79% on Wednesday after upbeat reports on US business activity. Yesterday, gold had its most significant drop in a...
The EUR/USD formed a wedge bottom yesterday, which led to a sharp reversal during the early morning hours. Because of the wedge bottom and today’s strong reversal up, the odds favor at least a...
Gold Continues to Move Sideways as Investors Await Critical Inflation DataIn the absence of any major macroeconomic reports from the US, the gold (XAU) price continued to rise on Tuesday, gaining...
The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0866, down 0.15%.Eurozone, German PMIs expected to remain in contractionThe eurozone economy is...
ECB convenes this week, expected to maintain the status quo. Likelihood of US interest rate cuts in March diminishes. Bearish outlook targets 1.08 next for EUR/USD. ...
Gold May Drop Below 2,020 as the Fed Remains HawkishOn Monday, the gold (XAU) price declined as market participants' expectations of a US interest rate cut in March decreased. Robust growth in equity...
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