FXCM » Forex
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FXCM » Forex
3w ago
The pair pulled back from its 2024 highs as US inflation came in hotter than expected on Tuesday and UK wage growth eased, with the rate decisions by both CBs due next week ..read more
FXCM » Forex
3w ago
The EURUSD is slipping as we enter this week’s trading period. Its green 5-week EMA is crossing below its orange 10-week EMA (black ellipse) as a sign of potential weakness. Its weekly RSI has dipped below 50 (green rectangle). The longer this indicator maintains on the bearish side of 50, the greater downside momentum pressure the EURUSD currency pair will face ..read more
FXCM » Forex
3w ago
The pair rises to 1990s territory despite the BoJ exit from negative rates, which raises risk for FX intervention by Japanese authorities ..read more
FXCM » Forex
3w ago
The pair is subdued after hawkish remarks by Fed voters ahead of Friday’s PCE inflation update from the US ..read more
FXCM » Forex
1M ago
The pair stays at critical technical levels awaiting high impact events, which include the ECB rate decision and Fed Chair Powell Congress testimony ..read more
FXCM » Forex
1M ago
The pair extends its correction to key tech levels as Mr Powell remarks maintained expectations for cuts, while markets are coming to grips with prospects of an end to BoJ’s negative rates ..read more
FXCM » Forex
1M ago
FXCM’s USDOLLAR basket has a high correlation with the US 10-year real rate. The current correlation coefficient is at 85%, suggesting a positive relationship between the two ..read more
FXCM » Forex
1M ago
The pace of pay increases slowed further according to today’s data, helping the pair, ahead of next week’s UK inflation and BoE decision ..read more
FXCM » Forex
1M ago
Gold has drifted sideways for 2024 (blue arrow). There was a brief impulse up during December 2023 as markets priced in the first rate cut for 2024 in March. This was relatively short-lived, with the first rate cut being pushed back to June ..read more
FXCM » Forex
1M ago
The pair managed to stage a rebound last week, trying to surpass key resistance area, but the next leg will likely depend on the upcoming inflation updates from both sides of the Atlantic ..read more