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Wednesday, May 22, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% prior

US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% prior

Prior +0.5% Market index 201.9 vs 198.1 prior Purchase index 140.0 vs 141.7 prior Refinance index 536.9 v 499.9 prior 30-year mortgage rate 7.01% vs 7.08% prior... 

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NZDUSD Technical Analysis – The hawkish RBNZ boosts the Kiwi

Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to gr... 

Dollar keeps steadier on higher yields, cautious risk mood

Bond yields are sitting higher after the UK CPI report earlier and that is helping to prop up USD/JPY a little. The pair is up 0.2% to 156.47 as it continues to close in on last week's high at 156.78.... 

EURUSD Technical Analysis – We got stuck in a consolidation

Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to gr... 

China announces countermeasures against 12 US companies and their senior executives

Among them, Lockheed Martin (again) will see a few units impacted. The Chinese foreign ministry also says that it will not issue visas and there will be bans imposed for their senior executives from e... 

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Latest Forex Orders

FX option expiries for 22 May 10am New York cut

There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to be driven by the recent market mood. And that means we might be in for another duller session o... 

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