EUR/USD Steady Ahead of US CPI Inflation
The pair managed to post gains on Wednesday, but as today’s European session gets underway, it is subdued, awaiting inflation figures from the US
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The pair managed to post gains on Wednesday, but as today’s European session gets underway, it is subdued, awaiting inflation figures from the US
The Kiwi runs its second straight week of profits, but shows signs of exhaustion today, as markets brace for US Inflation figures
The common currency rallied last Thursday’s on hawkish shift in tone by Ms Lagarde, but this week is negative for the pair
The pair runs its second straight profitable week and a three-day positive streak, following Friday’s US NFPs-fueled slump
The pair was helped by BoE’s rate hike in Thursday, but dropped on Friday due to better than expected US NFPs and today it stays on the back foot
The pair comes from its best week since March 2020 due to the ECB’s hawkishness, but today it drops, in the aftermath of Friday’s better than expected NFPs from the US
Today's NFP trade ended with a 6.9 pip loss. However, the SL was reduced from 20 pips of risk to 6.9 pips. After the initial kick, volatility declined for a slow grind into the conclusion.
The European Central Bank did not make any changes to its policy on Wednesday, but Ms Lagarde did not rule out rate hikes in 2022, sending the Euro higher
The US Dollar rallied on the Fed’s monetary tightening prospects last week, having registered its best performance since October against the JPY, but during the current one it declines
The pair made as impressive start to the week, as UK political turmoil weighed on the Pound, but today it is on the back foot, ahead of central bank activity
GBPUSD daily threatens to move out of its weak area, between the lower blue and red bands, and into the neutral zone (blue arrow). The red bands have expanded with the currency pair's downside swing (green rectangles). We note that yesterday saw a long blue candle, with follow-through today. Given the increase in volatility from the broader downside move, this rally may provide an opportunity. To this end, we regard…
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