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Friday, July 28, 2023

European Morning Wrap

NZDUSD Technical Analysis - Bearish bias remains intact

The Fed hiked interest rates by 25 bps as expected and kept the policy statement unchanged. The market was looking for clues and hints on the next policy path, but it didn't get anything. In fact, Fed... 

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ECB's Villeroy: Upcoming meeting decisions will be entirely data driven

Need to be pragmatic and keep an open mind Perseverance is now key given the time needed for full transmission of policy French inflation is falling even without a recession Our growing confidence in... 

Gold Technical Analysis - The sellers are eyeing a big selloff

The Fed hiked interest rates by 25 bps as expected leaving the policy statement unchanged. The market was eager to get some clues on the next policy moves but was disappointed as Fed Chair Powell just... 

It's been a tough week for the aussie

On the week itself, the pair is down roughly a little over 1% with the momentum from yesterday's drop carrying over to today. The souring in the risk mood yesterday was a main drag for the aussie as w... 

ECB's Kazimir: Premature to consider a September pause the end of the tightening cycle

We should take a firm step further on our way to the top Even if we do take a break in September, it would be premature to automatically consider it the end of the cycle There is still risk of inflati... 

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Latest Forex Orders

FX option expiries for 28 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for EUR/USD at the 1.1000 mark. Given recent price action since yesterday, the expiries may serve as a defensive layer for seller... 

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