BofA sees downside risk in EUR/GBP

BofA sees downside risk in EUR/GBP
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BofA sees downside risk in EUR/GBP
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Fundamental Overview The USD has weakened pretty much across the board last week despite a strong US ADP and ISM Services PMI. As mentioned previously, when markets react like that it’s generally a signal of a short-term top with the market needing more to keep the trend going. In fact, the market pricing is now…
Trade Conflit Intensifies as Gold Breaks $4200! XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
The past week once again unfolded under the influence of geopolitics, as well as market reactions to central bank decisions. The US Federal Reserve kept the rate unchanged, confirming a wait-and-see stance and caution regarding further inflation slowdown. The ECB also left its policy parameters unchanged, signalling the continuation of a tight stance. The Bank…
The US dollar has won the battle, but it will surely lose the war. The reason? An army of sheep led by a lion is stronger than an army of lions led by a sheep. Jerome Powell brilliantly rallied FOMC members, 11 out of 12 of them voted for a 25bp rate cut, but he…
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August PMI Manufacturing Indices, SCO Summit in China and Labor Day Holiday Closures in the United States & Canada September 1, 2025 (176) Market activity this Monday has been muted by the Labor Day observances in the U.S. and Canada. The dollar is 0.2% softer against the euro and sterling, unchanged relative to the loonie,…