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Thursday, July 25, 2024

European Markets Wrap-Up: Dollar rally in previous years still leave much room for correction - SocGen

Dollar rally in previous years still leave much room for correction - SocGen

The firm argues that the dollar rally during the period of 2021 to 2022 means that there is still scope for a deeper correction to the downside momentum in the greenback moving forward. They don't exp... 

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UK July CBI trends total orders -32 vs -18 prior

Prior -18 The manufacturing order book balance worsened again in July but the good news at least is that the expectations balance increased from 13 in June to 25 this month. The latter is the highest... 

EURUSD Technical Analysis – The risk-off sentiment weighs on the pair

Fundamental Overview The USD has been rallying steadily against the major currencies since last Wednesday on the back of general risk-off sentiment, although it's unclear what has triggered the move.... 

Chinese yuan strengthens sharply as Beijing pushes back for now

The barrage of easing measures this week was meant to bolster the economy and shore up confidence in domestic markets. However, it has been anything but that. In trading yesterday, the Chinese yuan ha... 

USDJPY Technical Analysis – 152.00 is the mother of all levels

Fundamental Overview The USD has been rallying steadily against the major currencies since last Wednesday, although it's unclear what has been behind the move. From the monetary policy perspective, no... 

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Latest Forex Orders

FX option expiries for 25 July 10am New York cut

There aren't any major expiries to take note of on the day. As such, trading sentiment will continue to revolve around the same factors driving price action in the last few days. That being bids into... 

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