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Monday, September 16, 2024

European Markets Wrap-Up | USDCAD Technical Analysis – Stuck in a tight range

USDCAD Technical Analysis – Stuck in a tight range

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

tranche

ECB's KaΕΎimΓ­r: Will almost surely wait until December for next rate cut

It would take a significant shift in the outlook for the ECB to cut in October Very little new information in the pipeline before October meeting There is no rush to cut rates The safest approach is t... 

Dollar remains pinned down to start the new week

The greenback is the laggard in trading today and is being pushed lower in European morning trade. USD/JPY is the standout as it nudges under the 140.00 mark but it's not the only pair on the move. GB... 

Eurozone July trade balance €21.2 billion vs €22.3 billion prior

Prior €22.3 billion Comparing to last year, the euro area trade balance is showing a surplus of roughly €128 billion from January to July. And that compares to the roughly €4 billion surplus... 

USDCHF Technical Analysis – The USD weakens on higher chances of a 50 bps cut

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

tranche

Latest Forex Orders

FX option expiries for 16 September 10am New York cut

There aren't really any to take note of on the day. As such, trading sentiment will rely more on the positioning flows in the run up to the FOMC meeting later in the week. The dollar is under pressure... 

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