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Wednesday, July 10, 2024

European Markets Wrap-Up: GBPUSD Technical Analysis – We are consolidating at the key 1.28 resistance

GBPUSD Technical Analysis – We are consolidating at the key 1.28 resistance

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... 

tranche

Japanese banks reportedly urged BOJ to halve monthly bond purchases by 2026

For some context, the BOJ held discussions with bond market participants over the last two days before announcing their official decision on tapering later this month. It is being reported that many p... 

AUDUSD Technical Analysis – The price consolidates after the breakout

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... 

The countdown continues as markets await the main event tomorrow

It's just one of those days where tomorrow can't come soon enough. Besides the kiwi today, other major currencies are lacking any real appetite to move on the day. In exemplifying that sentiment, EUR/... 

Has the Sahm Rule been triggered?

Bloomberg reported that the Sahm Rule has been triggered last Friday. In fact, the recent 3-month average rose to 4.0%, which is 50 bps above the 3-month average low of the past 12 months. For more on... 

tranche

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FX option expiries for 10 July 10am New York cut

There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at 1.0770-75. However, the expiries do not hold much technical significance with key support still seen at a... 

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