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Wednesday, June 26, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 21 June +0.8% vs +0.9% prior

US MBA mortgage applications w.e. 21 June +0.8% vs +0.9% prior

Prior +0.9% Market index 212.0 vs 210.4 prior Purchase index 147.8 v 146.0 prior Refinance index 552.4 vs 552.7 prior 30-year mortgage rate 6.93% vs 6.94% prior Mortgage applications were a touch high... 

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Mild dollar selling expected for month-end - CA

The selling of the dollar should be "mild" this month-end, with their model indicating the strongest sell signal to be against the euro. Meanwhile, the firm also notes that their corporate flow model... 

Copper Technical Analysis

Fundamental Overview Copper remains under pressure, albeit the bearish momentum appears to be slowing. Last week, the FT reported that stockpiles in Shanghai warehouses hit their highest level since 2... 

USD/JPY slowly testing the waters above the 160.00 mark

USD/JPY 5-minute chart It's all a psychological game now when it comes to USD/JPY. The pair is testing waters above the 160.00 mark again, with traders cautious about jumping the gun and incurring the... 

ECB's Panetta says should avoid even "casual forward guidance" on timing of rate moves

ECB could gradually reduce interest rates if outlook holds Current macroeconomic picture is consistent with normalisation of monetary stance We have reasons to believe that sticky services inflation i... 

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Latest Forex Orders

FX option expiries for 26 June 10am New York cut

There are just two to take note of on the day, as highlighted in bold . And they are both for EUR/USD, pinned on either side of the spot price at 1.0700 and 1.0750. That is likely to lock price action... 

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