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Inflation reports from the US showed further easing, supporting a Fed pivot. Policymakers were dovish at the Fed meeting on Wednesday, signaling an end to rate hikes. The BOE held its hawkish tone, stating that inflation was still concerning. The GBP/USD weekly forecast shows a bullish trajectory. The narrative unfolds with the Bank of England

Explore Ripple’s groundbreaking foray into the global FX market through Project Mariana, a collaboration with BIS. Stay informed with DailyCoin. Source link

Share: USD/JPY is down almost 2% from Monday’s opening bids. A pivot from the Fed saw the US Dollar decline sharply across the broader forex market. Next week pits the BoJ’s last rate call of the year against US GDP & PCE figures. The USD/JPY wrapped up the trading week struggling to develop

This article is contributed to us by Kelvin Wong, Senior Market Analyst at OANDA Asia Pacific Pte. Ltd. The global foreign exchange (FX) market, the largest financial market in the world by trading volume, exerts a significant influence on global economic activity. Forex, or foreign exchange, is a dynamic marketplace where buyers and sellers engage

Daily Pivots: (S1) 1.2653; (P) 1.2724; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen but outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to

Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. Intraday bias in USD/CHF remains mildly on the downside for the moment. Current decline from 0.9243 should extend to target 0.8551 key support level. For now, near term outlook will stay bearish as long as 0.8819 resistance holds, in case of recovery. In the bigger picture,

US November Services and Manufacturing PMIs from S&P Global November services PMI from S&P Global 51.3 points vs 50.6 expected October services PMI was 49.4 points Manufacturing 48.2 points vs 49.3 points expected (prior was 49.8 points) Composite index 51.0 points vs 50.7 points prior Cost pressures gained momentum as input prices […] Source link

Today’s PMIs marked the end of a busy week. They would either confirm or challenge yesterday’s ECB en BoE case for signaling steady rates for the foreseeable future. It turned out to be the latter for Frankfurt, triggering Bund outperformance vs US Treasuries. Source link

EUR/USD Forecast – Prices, Charts, and Analysis Euro Area business activity remains weak. EUR/USD fails its first re-test of 1.1000 Recommended by Nick Cawley Recommended by Nick Cawley FX Trading Starter Pack Most Read: ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises The Euro Area economy continues to struggle and is set to