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Wednesday, January 8, 2025

European Markets Wrap-Up: US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior

US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior

Prior -12.6% Market index 168.4 vs 174.9 prior Purchase index 127.7 vs 136.7 prior Refinance index 401.1 vs 395.1 prior 30-year mortgage rate 6.99% vs 6.97% prior After a big plunge in the week before... 

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GBPUSD Technical Analysis – Strong US data boosts the greenback

Fundamental Overview The USD got a boost yesterday from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest l... 

Trump mulls a national emergency declaration to allow for new tariff program - report

This is the story that looks to have accelerated the dollar gains in the past 5 minutes. The report says that Trump is considering to declare a national economic emergency in order to obtain legal jus... 

Cable turns lower on the week as dollar catches a bid

The biggest loser today is sterling as cable is now down 0.8% to 1.2374. On the week itself, the pair is now down 0.3% as it erases the Monday gains and threatens back below the low last week. GBP/USD... 

The bond market stays in focus with US jobs report eyed

US Treasury 10-year yields (%) daily chart In the past week, Treasuries have picked up from where they left off in the late stages of last year. 10-year yields in the US are still on the rise and we'r... 

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Latest Forex Orders

FX option expiries for 8 January 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the fi... 

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