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Monday, May 6, 2024

ECB's Vujčić says rates will be gradually lowered over time

ECB's Vujčić says rates will be gradually lowered over time

Nothing new there from the ECB for the time being. A June rate cut is all but confirmed but they're not pre-committing to anything after just yet. It all depends on the data in the next few months. Th... 

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AUDUSD Technical Analysis - The pair is at a key resistance ahead of the RBA

The USD weakened across the board last week due to a more dovish than expected FOMC decision where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushed back... 

USDCHF Technical Analysis - The pair bounced from the 0.90 handle

The USD weakened across the board last week due to a more dovish than expected FOMC decision where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushed back re... 

Eurozone March PPI -0.4% vs -0.4% m/m expected

Prior -1.0%; revised to -1.1% Looking at the breakdown: Intermediate goods +0.1% Capital goods +1.8% Durable consumer goods +0.1% Non-durable consumer goods +0.4% Energy -1.8% Not too positive in the... 

Central banks are still on the agenda this week

It's been a fun start to May trading but don't rest on your laurels just yet. While watchful eyes are on the US inflation data next week, we still have this week to go through first. And on the calend... 

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Latest Forex Orders

FX option expiries for 6 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar... 

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