Dollar retreats on rate cut optimism; euro close to multi-year high

Dollar retreats on rate cut optimism; euro close to multi-year high
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Dollar retreats on rate cut optimism; euro close to multi-year high
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Fundamental Overview Gold erased last week’s losses in just a couple of days. It’s unclear what was the catalyst though. I can cite the usual “dollar weakness, safe haven demand” reasons but those don’t help with market timing. The most plausible explanation could be the recent volatility in some Asian currencies which would explain the…
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2024.06.20 2024.06.20 Pound may collapse against dovish BoE decision. Forecast as of 20.06.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of England does not play political games and will not give a hand to the ruling party. At the same time, the repo rate cut to 5% from 5.25% is unlikely to save the Conservatives from defeat. Let’s…
Friedrich Merz’s election victory marks the start of a new political era for Germany, but his path to governing is anything but clear. His party secured the most votes in Sunday’s election, but without an outright majority, he must navigate complex coalition talks, Reuters reported. With economic troubles mounting and geopolitical tensions rising, Germany’s prolonged…
Key events Show key events only Please turn on JavaScript to use this feature Keir Starmer has joined his former deputy prime minister Angela Rayner and Greater Manchester mayor Andy Burnham on a school visit, the Press Assocation reports. PA says: double quotation markThe trio joined up on Monday in the Greater Manchester area and…
We previously mapped BlackRock‘s (NYSE: BLK) bullish weekly path. We also hinted at a potential dip below $1000. Today, we continue our analysis with the Elliott Wave structure of the current correction. This update highlights the next high-probability buying opportunity emerging for the stock. Elliott Wave Analysis BlackRock completed an impulsive five-wave advance from its…