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ForexLive European FX news wrap: Yen firms as yields stay heavy
Headlines:Markes:JPY leads, AUD lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 3.4 bps to 3.645%Gold up 0.4% to $2,567.88WTI crude up 1.1% to $69.75Bitcoin up 0.1% to $58,225There weren't any major headlines on the session...
ECB’s Holzmann: There could be room for another rate cut in December
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Crude Oil Technical Analysis – The price bounces near the bottom of the 2-year range
Fundamental OverviewCrude oil is finally finding some footing this week as the dip-buyers might be looking forward to the Fed’s easing cycle. As a reminder, the positioning in crude oil is at a record 13 years low and the sentiment is very bearish. These factors can...
US reportedly finalises steep tariffs on China, with many to begin on 27 September
This will include steep tariff hikes on Chinese EVs, solar cells, semiconductors, and steel among other strategic goods. More specifically, it will be a 100% duty on Chinese EVs, 50% on solar cells, and 25% on steel, aluminum and key minerals. All of which will be...
Eurozone July industrial production -0.3% vs -0.5% m/m expected
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USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD
Fundamental OverviewYesterday, around 1:00 PM ET, WSJ’s Timiraos published an article which seemed like suggesting that a 50 bps cut is still being discussed. The market responded by raising 50 bps cut probabilities to around 43% from 13% before the news. Nick...
USD/JPY stays pressured as lower yields weigh
USD/JPY vs US Treasury 10-year yields (%) daily chart10-year yields in the US are now down by 5.5 bps to 3.625% and that is weighing further on USD/JPY today. The pair is now down 1% to fresh lows at 140.43 and that is bringing closer the December 2023 low at 140.24...
ECB’s Muller: Temporary acceleration in inflation is likely
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European equities start the day on a positive note
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ECB’s Villeroy: We should continue to reduce gradually and as appropriate
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China approves the plan to raise the retirement age for the first time since 1978
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France August final CPI +1.8% vs +1.9% y/y prelim
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ECB’s Vasle: We are not committed to any predetermined rate path
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ECB’s Rehn says will continue to base policy decisions on assessment of inflation outlook
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ECB’s Nagel: Core inflation is going in the right direction
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Boeing US factory workers vote to go on strike, reject pay deal
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Dollar looks to settle lower after some back and forth trading this week
If the Fed wants to organise things in an orderly manner, the market sure isn't letting them do so. The odds of a 50 bps rate cut dwindled after the US CPI report earlier this week but were reignited again in trading yesterday. The odds of that have moved back up to...
BOJ expected to keep rates unchanged this month but hike by year-end – poll
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ForexLive Asia-Pacific FX news wrap: USD/JPY fell back under 140.80
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