UBS raises EUR/USD forecast on potential Fed rate cuts

UBS raises EUR/USD forecast on potential Fed rate cuts
Source link

UBS raises EUR/USD forecast on potential Fed rate cuts
Source link
Banxico board sees increased economic slack and downside inflation risks, reinforcing expectations for more rate cuts. Majority noted orderly MXN trading and improving liquidity conditions despite external volatility. USD/MXN could test 20.00 if support at 20.30 breaks; upside risk only resumes above 20.50. On Thursday, April 10, Banco de Mexico (Banxico) released its latest meeting…
Introduction The pursuit of reliable automation in the volatile forex market is relentless. Among the myriad of Expert Advisors (EAs), the Streamline FX EA positions itself as a streamlined, fixed-lot solution promising control and simplicity. But does it deliver? This comprehensive review dissects its features, analyzes backtest performance, and weighs its pros and cons. Technical…
This week, five companies with market capitalisations exceeding $1 trillion are set to release their quarterly earnings: → Alphabet (GOOGL) on October 29→ Microsoft (MSFT) on October 30→ Meta Platforms (META) on October 30→ Apple (AAPL) on October 31→ Amazon (AMZN) on October 31 These results and profit forecasts from leading tech giants could fuel…
On Thursday, the US stock market closed lower. The Dow Jones Index (US30) fell by 1.34%, the S&P 500 (US500) dropped by 1.57%, and the tech-heavy Nasdaq (US100) closed sharply lower by 2.03%. Early attempts at a rally quickly fizzled out amid ongoing pressure in the technology sector. Investors have become more skeptical regarding the…
New Zealand’s First Interest Rate Cut of the Cycle August 14, 2024 There’s been a 25-basis point reduction in the Reserve Bank of New Zealand’s official cash rate to 5.25%. Its the first easing of the cycle and was not widely expected by analysts. “Surveyed inflation expectations, firms’ pricing behavior, headline inflation, and a variety…
Investing.com — As artificial intelligence (AI) continues to reshape the market landscape, investors are questioning whether the AI rally, previously concentrated in a few key tech stocks, is now broadening to encompass a wider range of industries. Recent analysis suggests that the market may indeed be entering a new phase. According to a note by…