by Jonathan Cook | Jul 31, 2024
Euro markets have a raft of data to dissect this week. Would German inflation move the dial, or would investors instead look to more representative data, like eurozone GDP? Judging by yesterday’s manic movements, it felt there wasn’t much consensus as to what it meant...
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by Jonathan Cook | Jul 31, 2024
The pound is paying the price for the presumed actions of its central bank tomorrow. GBP/USD has fallen near its lowest in three weeks and GBP/EUR has fallen back from the levels it enjoyed in the middle part of July. GBP/USD: the past year 1 Min 5...
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by Jonathan Cook | Jul 31, 2024
As a spell of warm weather crouched over northern Europe, the temperature in currency markets also heated up. A barrage of economic data (including German, French and eurozone growth figures) caused the euro to fluctuate throughout the day, albeit in a narrow range....
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by Jonathan Cook | Jul 30, 2024
US markets are expecting Jerome Powell to signpost interest rate cuts for September on Wednesday. It’s a little tricky to predict how the US dollar would react to this, particularly in the context of a packed week that brings key data along with the decision. EUR/USD:...
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by Jonathan Cook | Jul 30, 2024
EUR/USD plummeted to its lowest in almost three weeks yesterday ahead of a packed slated of key data this week. The eurozone faces down significant inflation and growth data across member states, with the Federal Reserve’s decision also likely to have an impact....
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