🇮🇳 Happy Independence Day, India🎊
May this day remind us of the sacrifices made for our freedom and inspire us to continue building a brighter future. Wishing you all a joyful celebration with friends and family on this special occasion!
Heartfelt wishes for Independence Day🧡🤍💚
स्वतंत्रता दिवस की हार्दिक शुभकामनाएँ!
The Analytical Overview of the Main Currency Pairs on 2024.08.12
Friday's dovish comments from Fed President Boston Collins put pressure on the USD when she said the Fed Funds rate soon if inflation continues to decline. Markets put the odds of a 25 bps rate cut at the September 18 FOMC meeting at 100% and a 50 bps rate cut at that meeting at 56%
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The Analytical Overview of the Main Currency Pairs on 2024.08.02
The euro fell below $1.079, hitting one-month lows, as traders continue to believe that the ECB will cut rates twice this year, with the next cut likely to come in September
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The Analytical Overview of the Main Currency Pairs on 2024.08.01
Precious metals showed moderate gains on Wednesday. That day, the US Federal Reserve left interest rates unchanged as expected, suggesting that recent economic trends, including progress in cooling consumer prices and a weakening labor market, support a less tight monetary policy
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The Analytical Overview of the Main Currency Pairs on 2024.07.30
Traders are awaiting the release of key economic data this week to revise their prognoses for the ECB interest rate cut. Preliminary second-quarter GDP growth and inflation data from the Eurozone, Germany, France, Italy, and Spain will provide an update on the currency bloc's economic performance and price pressures
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The Analytical Overview of the Main Currency Pairs on 2024.07.25
Eurozone PMIs pointed to an unexpected stagnation in private sector activity in July, driven by a larger contraction in manufacturing and slower growth in services. Germany and France continued to lag the broader region
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The Analytical Overview of the Main Currency Pairs on 2024.07.22
Gold fell to $2,400 per ounce on Friday, retreating from record highs as the dollar rose on strong economic data from the US, although the Federal Reserve's interest rate cut bets remained unchanged
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The Analytical Overview of the Main Currency Pairs on 2024.07.16
The euro continued to climb above $1.090, reaching its highest level in four months, as investors focused on the upcoming ECB meeting, which is likely to maintain the current monetary policy due to minimal macroeconomic changes, with the market expecting one to two rate cuts this year
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The Analytical Overview of the Main Currency Pairs on 2024.07.10
On Wednesday, gold rose to $2,370 per ounce, extending gains from the previous session amid heightened speculation of an imminent rate cut by the Federal Reserve, while traders are now shifting their attention to the upcoming release of US CPI data
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The Analytical Overview of the Main Currency Pairs on 2024.07.04
The British pound hit a three-week high as traders pushed the dollar down amid speculation that the US Federal Reserve will cut rates in September due to disappointing economic data
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹Tuesday🔹
– Australia RBA Meeting Minutes at 04:30 (GMT+3);
– Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3).
🔹Wednesday🔹
– US FOMC Meeting Minutes at 21:00 (GMT+3).
– US Crude Oil Reserves (w/w) at 19:00 (GMT+3).
🔹Thursday🔹
– Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3).
– UK Construction PMI (m/m) at 11:30 (GMT+3).
🔹Friday🔹
– US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
– US Unemployment Rate (m/m) at 15:30 (GMT+3).
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The Analytical Overview of the Main Currency Pairs on 2024.07.01
Gold held around $2,325 an ounce on Monday as investors continued to assess the latest US inflation data
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The Analytical Overview of the Main Currency Pairs on 2024.06.27
The rally of the Dollar Index to an 8-week high on Wednesday lowered metal prices
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The Analytical Overview of the Main Currency Pairs on 2024.06.26
FOMC representative Bowman's hawkish comments yesterday boosted the USD when she stated that she sees several upside risks to the inflation outlook and "we are still not at a point where it is appropriate to cut the discount rate."
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹𝗧𝘂𝗲𝘀𝗱𝗮𝘆🔹
– Canada Consumer Price Index (m/m) at 15:30 (GMT+3).
🔹𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆🔹
– Australia Consumer Price Index (m/m) at 04:30 (GMT+3).
🔹𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆🔹
– US GDP (q/q) at 15:30 (GMT+3).
🔹𝗙𝗿𝗶𝗱𝗮𝘆🔹
– US PCE Price index (m/m) at 15:30 (GMT+3).
💡 Follow 𝘢𝘯𝘥 𝘴𝘩𝘢𝘳𝘦 𝘶𝘴𝘦𝘧𝘶𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯!
The Analytical Overview of the Main Currency Pairs on 2024.08.15
On Wednesday, the Dollar Index fell to 102.2, back to levels not seen since mid-January, as the US CPI report came in broadly in line with expectations and continued to point to mild disinflation
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The Analytical Overview of the Main Currency Pairs on 2024.08.08
The strengthening of the dollar on Wednesday put pressure on the euro. The euro was also pressured by dovish comments from ECB Governing Council representative Rehn, who said that ECB rate cuts could continue if inflation slows
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The Analytical Overview of the Main Currency Pairs on 2024.07.23
Like most currencies, sterling suffered from the unexpected rise in US producer prices and the inevitable rethinking of whether it is early enough to declare inflation defeated and cut interest rates
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹𝗠𝗼𝗻𝗱𝗮𝘆🔹
– German Trade Balance (m/m) at 09:00 (GMT+3).
🔹𝗧𝘂𝗲𝘀𝗱𝗮𝘆🔹
– US Fed Chair Powell Testifies at 17:00 (GMT+3);
– US FOMC Member Bowman Speaks at 20:30 (GMT+3).
🔹𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆🔹
– China Consumer Price Index (m/m) at 04:30 (GMT+3);
– New Zealand RBNZ Interest Rate Decision at 05:00 (GMT+3);
– New Zealand RBNZ Rate Statement at 05:00 (GMT+3).
🔹𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆🔹
– UK Industrial Production (m/m) at 09:00 (GMT+3);
– UK Manufacturing Production (m/m) at 09:00 (GMT+3);
– US Consumer Price Index (m/m) at 15:30 (GMT+3).
🔹𝗙𝗿𝗶𝗱𝗮𝘆🔹
– China Trade Balance (m/m) at 06:00 (GMT+3);
– US Producer Price Index (m/m) at 15:30 (GMT+3);
– US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).
👉 𝘋𝘰𝘯’𝘵 𝘧𝘰𝘳𝘨𝘦𝘵 𝘵𝘰 𝘴𝘩𝘢𝘳𝘦!
The Analytical Overview of the Main Currency Pairs on 2024.07.03
Gold prices gave up early gains on Tuesday and moved lower after the US JOLTS job openings for May unexpectedly increased
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The Analytical Overview of the Main Currency Pairs on 2024.07.02
The dollar initially declined on Monday after EUR/USD rose to a 2-week-high amid easing political concerns in France as the far-right party won by a smaller-than-expected margin in the first round of French parliamentary elections
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The Analytical Overview of the Main Currency Pairs on 2024.06.28
Markets are awaiting Friday's release of PCE deflator data for May, the Fed's preferred inflation gauge, to see if price pressures are easing
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The Analytical Overview of the Main Currency Pairs on 2024.06.25
The euro rose on Monday on hawkish comments from ECB executive board spokeswoman Schnabel, who said that the risk of a spike in inflation in the Eurozone remains high
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The Analytical Overview of the Main Currency Pairs on 2024.06.24
The euro extended losses to $1.067 after weaker-than-expected June PMIs added to fears of a deterioration in the Еuro zone's economic performance, raising bets that the ECB may cut interest rates further
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