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EUR/USD extends gains after French PMI data beat

EUR/USD extends gains after French PMI data beat

The pair is now up 0.6% to 1.0880 levels as buyers will have more confidence in the break of the 200-day moving average (blue line) of 1.0827 now. The French PMI data came in with beats across the board, which is a welcome development for the ECB.EUR/USD daily...

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France February flash services PMI 48.0 vs 45.6 expected

France February flash services PMI 48.0 vs 45.6 expected

Prior 45.4Manufacturing PMI 46.8 vs 43.5 expectedPrior 43.1Composite PMI 47.7 vs 45.0 expectedPrior 44.6Those are strong beats across the board and the euro is up to fresh highs on the day now. This diminishes the odds of an April rate cut, now seen at ~43%. Going...

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European stocks light up at the open as risk trades soar

European stocks light up at the open as risk trades soar

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Dollar struggles to start European morning trade

Dollar struggles to start European morning trade

The dollar is the laggard today and we're seeing the losses extend to get things going in European trading. It's not just a case of dollar weakness at the moment, as there are some key technical levels being challenged. Of note, both EUR/USD and AUD/USD are pushing...

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France February business confidence 98 vs 98 prior

France February business confidence 98 vs 98 prior

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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FX option expiries for 22 February 10am New York cut

FX option expiries for 22 February 10am New York cut

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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PMI data the highlight on the economic calendar today

PMI data the highlight on the economic calendar today

The dollar is slightly lower as we get into the thick of things today, as risk trades are buoyed following Nvidia's earnings beat. EUR/USD is up 0.2% to 1.0838 while GBP/USD is up 0.1% to 1.2645 currently. USD/JPY is down 0.1% to 150.20 with slightly lower yields also...

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Risk sentiment very much buoyed after Nvidia earnings

Risk sentiment very much buoyed after Nvidia earnings

And boy, did they deliver. S&P 500 futures are up 0.7% while Nasdaq futures are up 1.5% on the day currently. There were some jitters in the early yesterday but some late dip-buying helped to offset that a little. All before the earnings beat, which is leading to...

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Bank of Korea Governor Rhee sees potential for rate cuts

Bank of Korea Governor Rhee sees potential for rate cuts

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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