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Potential for Strength Despite Recent Rate Cut – Forex Market Analysis – ForexCycle.com
Last week, the Bank of England (BoE) cut interest rates by 25 basis points, causing the GBP/USD to initially drop to around 1.27. However, following unexpectedly weak US non-farm payroll data, the pair rebounded, closing at 1.2801 on Friday. Economic Indicators Support Sterling The UK’s economic data paints a positive picture: July’s manufacturing PMI final…
Gold – 18.09.2024 – Orbex Forex Trading Blog
Gold – 18.09.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The NASDAQ Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive sessions of gains. In addition, the liquidation of long positions in equities…
Nomura Releases Statement Following Action by OSE and TSE
On Monday, Nomura Securities Co., Ltd. released a statement in response to recent actions taken by the Osaka Exchange (OSE) and Tokyo Stock Exchange (TSE). It was revealed that the OSE has imposed a 60 million yen fine on Nomura for Japanese government bond futures transactions conducted in March 2021. Additionally, the exchange has suspended…
US Dollar: Risk Assets Bid on Expected US-China Détente – ForexNews.PRO
Global risk assets are bid on the view that this week’s Trump-Xi meeting will be a positive one. A 25bp Fed cut on Wednesday should also help the tone, but that is very much priced in. With the People’s Bank of China continuing to fix USD/CNY lower, we favour a mild downside bias to the…
