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Friday, September 13, 2024

European Markets Wrap-Up: ECB's Holzmann: There could be room for another rate cut in December

ECB's Holzmann: There could be room for another rate cut in December

Monetary policy is now on a good trajectory Inflation is much less worrisome than when ECB first started cutting rates in June "I am not per se against lowering rates, I only object when the timing do... 

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Crude Oil Technical Analysis – The price bounces near the bottom of the 2-year range

Fundamental Overview Crude oil is finally finding some footing this week as the dip-buyers might be looking forward to the Fed's easing cycle. As a reminder, the positioning in crude oil is at a recor... 

US reportedly finalises steep tariffs on China, with many to begin on 27 September

This will include steep tariff hikes on Chinese EVs, solar cells, semiconductors, and steel among other strategic goods. More specifically, it will be a 100% duty on Chinese EVs, 50% on solar cells, a... 

Eurozone July industrial production -0.3% vs -0.5% m/m expected

Prior -0.1%; revised to 0.0% The drop here fits with the continued softness in the euro area industrial sector, led by the struggles in Germany especially. Looking at the breakdown, intermediate goods... 

USDJPY Technical Analysis – Fed "insider" Timiraos weakens the USD

Fundamental Overview Yesterday, around 1:00 PM ET, WSJ's Timiraos published an article which seemed like suggesting that a 50 bps cut is still being discussed. The market responded by raising 50 bps c... 

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Latest Forex Orders

FX option expiries for 13 September 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for AUD/USD at the 0.6740 level. It isn't one that holds much technical significance though, so there might n... 

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