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Thursday, September 5, 2024

European Markets Wrap-Up: ECB seen cutting rates next week and then again in December - poll

ECB seen cutting rates next week and then again in December - poll

The poll shows that 64 of 77 economists (~85%) predict the ECB will cut rates by 25 bps at next week's meeting and then again in December. Four other respondents expect just one 25 bps rate cut for th... 

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Nasdaq Technical Analysis – All eyes on the US NFP

Fundamental Overview This week the growth fears came back as the we got a couple of soft US data. Most of the weakness can be attributed to the ISM Manufacturing PMI which disappointed as it missed ex... 

Dollar keeps lightly changed with eyes on key US data later

The changes among major dollar pairs are roughly 0.1% or less at the moment. And that exemplifies the more tentative mood that is gripping traders in European morning trade. USD/JPY was again the more... 

S&P 500 Technical Analysis – Growth fears back on the menu

Fundamental Overview This week the growth fears came back as the we got a couple of soft US data. Most of the weakness can be attributed to the ISM Manufacturing PMI which disappointed as it missed ex... 

AUDUSD Technical Analysis – The price is at a key support zone

Fundamental Overview The US Dollar has come back under pressure recently as we got a couple of soft US data. The US ISM Manufacturing PMI disappointed the market as it came lower than expected and the... 

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Latest Forex Orders

FX option expiries for 5 September 10am New York cut

There are quite a number to take note of on the day, as highlighted in bold . The first ones are for EUR/USD and they are layered between 1.1060 through to 1.1100. The expiries are likely to help keep... 

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