by Jonathan Cook | Oct 9, 2024
Tonight’s publication of FOMC minutes are a precursor to Thursday’s key inflation data. US dollar markets are looking firmly to this set of data to inform their next move. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies...
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by Jonathan Cook | Oct 9, 2024
Following this morning’s German data, the euro now faces a pretty quiet spell on the macro front. Investors will be hoping it can find something to cling onto as the UK and the US dissect key reads. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Oct 9, 2024
The pound’s tentative recovery yesterday marked the first sign of a market correction. Sterling has a long way to go but it could benefit from a rethink over interest rates and any improvement to the situation in the Middle East. GBP/USD: the past year...
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by Jonathan Cook | Oct 9, 2024
The pound enjoyed a better day on Tuesday, climbing steadily by half a cent against the euro and the US dollar across the session. That progress masked a broader instability for sterling as talk of interest rate cuts and risk sentiment spread. EUR/USD struggled to...
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by Jonathan Cook | Oct 8, 2024
It’s a testament to how quickly market sentiment shifts that the US is now debating if the outlook has altered from a soft landing to no landing at all. This scenario would see the economy maintain growth while propelling another bout of inflation. The mere mention of...
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