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Sentiment likely to keep undermining US Dollar
Read Time: 6 minutesMarket resumes betting against the Fed As a result of easing price pressures, speculative interest dropped the USD while lifting bets the Federal Reserve (Fed) will hike interest rates no more. At the same time, investors increased bets for rate cuts in the first half of 2024 despite multiple Fed officials’ warnings…
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Euro seems massively overvalued!
Read Time: < 1 minuteEuro is massively overvalued. Look at EUR/JPY, which is near its all-time high from 2008 when EUR/$ was 1.60. The Euro zone is the same as Japan: a manufacturing hub that imports a lot of energy. Compared to Japan, the Euro zone is experiencing a massive competitiveness loss.
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26Sep23: EURINR Morning Update
Read Time: < 1 minuteEuropean currencies are experiencing pressure due to a poor growth differential and real rate differential when compared to the United States. The outlook for economic growth is becoming less favourable, and the recent decision by Russia to halt diesel exports in anticipation of the upcoming heating season could spell trouble for…
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Weekly View
Read Time: < 1 minuteThe Currency pair continues to be under selling pressure for the past 5 weeks. The currency pairattempted higher levels only to be sold-off again and posted a bearish candle. For the ensuing week,the pair may find support at 87.90 and may face resistance around 89.40. A daily close above 89.50required for…
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Soft landing in US v/s hard landing in EU!
Read Time: < 1 minuteHere is a new narrative => Soft landing in US v/s hard landing in EU. Hence, EURUSD at 1.07 lvls! ECB governing council is in real conundrum with weakening local services PMI plus there is worsening Chinese growth & dampened price pressures (in China). ECB account of previous meeting did suggest…
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EURINR movers
Read Time: < 1 minuteThe Currency pair tried attempting the ascending channel at 90.80. However, it could not make furthergains and hence came under continued selling pressure. The currency pair posted a bearish candle.For the ensuing week, the pair may find support at 89.20 and may face resistance around 91.00.Below 89.20 we can see another…
