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EUR/USD Expected to Continue its Descent to 1.05 as Divergence Between the Fed and ECB Persists
Read Time: 3 minutesIn recent times, the landscape of the global economy has seen a notable shift, particularly in the United States and the Eurozone. The US economy, despite its resilience, has encountered a persistent challenge in the form of inflation. In recent times, the landscape of the global economy has seen a notable shift,…
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EURUSD: Elliott wave analysis and forecast for 08.04.24 – 12.04.24
Read Time: 2 minutesMain scenario: consider long positions from corrections above the level of 1.0723 with a target of 1.1141 – 1.1350. Alternative scenario: breakout and consolidation below the level of 1.0723 will allow the pair to continue declining to the levels of 1.0613 – 1.0514. Analysis: a bearish wave of larger degree A is presumably completed on…
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EUR/USD Technical Analysis
Read Time: < 1 minuteEUR/USD Forecast: Bearish Key Points: Analysis: The EUR/USD price is exhibiting a calm bearish bias, gradually moving away from the 1.0860$ level. This reinforces the expectation of a continuing downtrend with initial targets of 1.0765$ and potentially reaching 1.0645$ if the decline continues. The negative pressure from the EMA50 indicator further…
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EUR/USD Technical Analysis: Bearish Bias Persists Despite Sideways Movement
Read Time: < 1 minuteEUR/USD Stalls, But Bears Remain in Charge: The EUR/USD price continues to exhibit choppy movement around 1.0830$, lacking a clear directional bias. However, the technical indicators still favor the bears. Breakdown of Key Points: Potential Hiccups: Supporting the Downtrend: Trading Range: Trend Forecast:
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Euro Under Pressure from Strong Dollar, ECB Rate Cut Bets
Read Time: < 1 minuteEUR/USD Dips: The EUR/USD pair is down for the second day in a row, pressured by a resurgent US Dollar and expectations of a European Central Bank (ECB) rate cut in June. Strong Dollar: The US Dollar Index (DXY) is climbing, buoyed by positive US economic data and expectations of the…
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Euro Awaits Spanish Inflation Data, France Deficit No Big Deal for Now
Read Time: < 1 minuteSpain in the Spotlight: The Euro awaits Spain’s March inflation estimates today. While not typically a market mover, past deviations from expectations have caused volatility. Consensus predicts headline inflation to climb above 3% again, with core inflation dipping slightly (3.5% to 3.4%). The rest of the eurozone will see inflation data…
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FX market on intervention watch
Read Time: 2 minutes[responsivevoice_button rate=”1.3″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”CLICK TO LISTEN THE ARTICLE”] USD Dominance & Japan’s Worries European Inflation Concerns Additional Market Observations
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EUR/USD Outlook: Limited Movement Expected, France Deficit News Has Little Impact
Read Time: < 1 minute[responsivevoice_button rate=”1.3″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”CLICK TO LISTEN THE ARTICLE”] EUR/USD Price Action: Analysts’ View (ForExim): Key Drivers: Forecast:
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Euro Stuck in Consolidation Range, Focus on US Dollar Strength
Read Time: 2 minutesMarket Analysis: Central Bank Influence: Trading Strategy: Key Points:
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Euro Awaits Fed Statement, Stuck in Consolidation Range
Read Time: 2 minutesMarket Focus: Technical Analysis: Trading Strategy: Key Points:
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ECB’s Tightrope: Navigating Clarity and Caution in Monetary Policy
Read Time: 3 minutesIncreasing Specificity in ECB Communications Recent statements from ECB officials indicate a growing level of detail in their communication, bordering on forward guidance, which is likely to be a focal point in the upcoming policy meeting. Economic Overview: Persistence of Weakness Since the December meeting, there has been minimal change in the…
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EU’s New Customs Norms
Read Time: 2 minutesIntroduction to EU’s New Customs Norms The European Union (EU) is set to implement a new paperless customs system, starting June 3, 2024, significantly impacting Indian exporters. This change is crucial as the EU is a major trade partner, accounting for 17% of India’s merchandise exports. In 2022-23, India exported goods worth…
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WTO issues: China targets French brandy imports in escalating trade dispute
Read Time: 2 minutesChina Launches Anti-Dumping Probe into French BrandyChina has commenced an anti-dumping investigation into French brandy imports, escalating trade tensions with the European Union. This move by the Chinese commerce ministry follows after domestic manufacturers raised concerns. Brandy, predominantly sourced from France, is the most imported spirit in China. The initiation of this…
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EUR Breaking News: ECB Hikes by 25 bps, Hints Rates Have Peaked. [insights]
Read Time: 2 minutesECB HIKES BY 25-BPS, HINTS AT REACHING TERMINAL RATE The ECB voted to raise all three interest rates, seeing the deposit facility up to 4%. The decision was taken after the committee’s assessment of the inflation outlook, incoming data and strength of monetary policy transmission necessitated a hike. The central bank has a sole mandate, price stability…
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Euro zone swings into trade surplus in June as Russia imports plummet
Read Time: < 1 minuteThe euro zone swung back into a large trade surplus in June from a similar size deficit 12 months earlier, as imports from both Russia and China fell sharply, data showed on Thursday. The European Union’s statistics office, Eurostat, said the unadjusted external trade surplus of the 20 countries sharing the…
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Markets do not trust the ECB to deliver to the 2% inflation target
Read Time: 9 minutes[responsivevoice_button rate=”1.1″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”LISTEN”] I see an inconsistency between inflation market pricing, ECB rate hike pricing and the 2% inflation target. Markets are pricing the ECB to accept an inflation overshoot. Bringing an Oct hike into play would be stop-and-go in this fine-tuning part of the tightening cycle.…
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Wages Vs Inflation in Germany.
Read Time: < 1 minuteWages in Germany have almost perfectly followed inflation during the last two and a half years. Overall price growth has only outperformed wage growth by a cumulative 4% since 2020. However, the perception of the general public would not indicate that, as the most important and politically sensitive items of the…
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Oil Caps and Greece
Read Time: 2 minutes1. Greece falsified data to join Euro 2. It then had a big consumption boom 3. Causing huge current account deficits 4. Greece got a bailout on its debt run-up 5. Greek oligarchs now oppose a lower cap 6. They sell old oil tankers to Putin 7. The EU can stop this…
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EU’s trade competitiveness is collapsing!
Read Time: < 1 minuteThe exorbitant increase of producer prices in Europe over the past two years and the recent strength of the common currency have seen the real effective exchange rate rise to an all-time high. This has pushed the relative trade competitiveness of Europe vs. Japan and China to new record lows. So,…
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Euro Setups
Read Time: 6 minutesUS Dollar Talking Points: Get My Guide The US Dollar was on an aggressive trend in the first nine months of this year as the Fed continued with super-sized rate hikes. Since the Q4 open, however, that trend has come into question as prices have pulled back, helped along by surges in…
