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Friday, October 11, 2024

European Markets Wrap-Up: What is the distribution of forecasts for the US PPI?

What is the distribution of forecasts for the US PPI?

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reactio... 

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What would it really take for a pullback in gold prices?

Even with the dollar having strengthened and traders scaling back to pricing in a 25 bps move for the Fed in the past week or so, it hasn't really fazed gold prices whatsoever. There was a mild dip ba... 

GBPUSD Technical Analysis – The bearish momentum run out of steam

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at th... 

EURUSD Technical Analysis – The market needs more to extend the USD gains

Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at th... 

EUR/USD continues to keep near key support level for now

EUR/USD daily chart There is a light extension to the narrow range today with the pair now clipping 1.0950. That being said, it is still keeping within a ~23 pips range only for the day. There are som... 

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FX option expiries for 11 October 10am New York cut

There are just a couple to take note of, as highlighted in bold . And they are for EUR/USD at the 1.0930 and 1.0950 levels. If anything else, the expiries should help to keep price action more locked... 

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