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Markets The US Bureau of Labor Statistics published its annual CPI revisions today. The same event last year showed some deviations from the initial outcomes large enough that they casted doubt on the speed of the disinflationary process. This time around, however, the hyped-up release lived up to its reputation as a non-event. Both the […]

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06/05/2024

EUR/USD Gains Momentum But Still Confined In Range

Key Highlights EUR/USD started a recovery wave above the 1.0650 resistance. It broke a major bearish trend line with resistance at 1.0720 on the 4-hour chart. GBP/USD rallied and tested the 1.2620 resistance zone. Oil prices extended losses and traded below the $78.80 support. EUR/USD Technical Analysis The Euro found support near 1.0600 against the […]
11/06/2024

USD/JPY: Remains Constructive and Eyes US Inflation and Fed Verdict for Fresh Direction Signals

USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on Wednesday. The dollar stands at the front foot following stronger than expected US jobs […]
21/08/2024

EURUSD: Break Out of Range or Pull Back?

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout is more likely than a pullback. Thanks to two bullish impulses since the beginning of July, EURUSD has moved from […]