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Monday, July 8, 2024

European Markets Wrap-Up | ECB's Knot: There is no reason to cut rates in July

ECB's Knot: There is no reason to cut rates in July

The next truly open meeting is in September We are comfortable with the progress in disinflation, market pricing on rate cuts It isn't anything that we don't already know. Knot also adds that the date... 

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USDCAD Technical Analysis – The price bounced from the bottom of the range

Fundamental Overview The USD weakened across the board last Friday following the soft US NFP report. The data showed some more labour market cooling with an increase in the unemployment rate and a dec... 

Gold Technical Analysis – The NFP report increased the bullish sentiment

Fundamental Overview Last Friday, gold spiked to the upside following the US NFP report. The data showed some more labour market cooling with an increase in the unemployment rate and a decrease in wag... 

Dollar holds steadier to start the week

The worries surrounding the French election results saw EUR/USD open with a gap lower at 1.0800 earlier today. But the pair is keeping its upside bias, with buyers staving off a test of the figure lev... 

Eurozone July Sentix investor confidence -7.3 vs 0.0 expected

Prior 0.3 It's a bit of a setback after eight straight months of improvement in the index. There were declines in both the current situation and expectations readings, with German economic sentiment t... 

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Latest Forex Orders

FX option expiries for 8 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for EUR/USD at the 1.0785 level. It isn't one that offers much technical significance but could act alongside the key daily movin... 

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