Epaphroditus
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GBP/USD rises to near 1.2550 due to dovish sentiment surrounding Fed
GBP/USD extends its gains due to revived expectations for the Fed’s interest rate cuts in 2024. US Nonfarm Payrolls reported fresh 175K jobs were added in April, lower than the estimated 243K. BoE is expected to keep current rates at 5.25% on Thursday due to concerns about robust wage growth in the
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USD/JPY might have found the top
This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, th
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French Industrial Output Falls Unexpectedly
France's industrial production declined unexpectedly in March after rebounding in the previous month, data from the statistical office INSEE showed on Friday. Industrial output dropped 0.3 percent on a monthly basis, reversing a 0.2 percent rise in the previous month. Meanwhile, economists had expec
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FX daily: Dovish Powell keeps Dollar bulls in check
The Fed’s nod to the recent run of stronger US data was a soft one at last night’s FOMC meeting, and it was clear that the Powell Fed would love to cut rates given half a chance. This has taken the steam out of the stronger dollar and puts the ball fairly back into the court of the US data calendar
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Option sweeps ahead of Federal Reserve´s decision [Video]
In today's TradeGATEHub Live Trading session, Coach Dale asks Michael Venezia about the concept of 'Turnaround Tuesdays' and whether it holds any trading significance. Dale also discusses the Dollar's recent three-week consolidation phase, analyzes the wedge pattern in the Treasury ETF (TLT), and co
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Asian Shares Gain Led By Japan; China Stocks Slip
Asian stocks rose broadly on Tuesday, with Chinese markets underperforming after the release of mixed PMI data. The dollar rose against its major peers ahead of the Federal Reserve's policy announcement, due Wednesday. Gold prices slipped in Asian trading while oil was little changed after falling s
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Germany Import Prices Continue To Fall
Germany's import prices continued to decline in March but the pace of decrease slowed further, data from Destatis showed on Tuesday. Import prices dropped 3.6 percent annually after easing 4.9 percent in February. Prices were expected to fall 3.8 percent in March. The annual fall in import prices wa
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EUR/USD finds support near 1.0720 after slow grind on Monday
German CPI inflation continues to rise, but below forecasts. Fed rate call, pan-EU GDP and HICP inflation in the mid-week. NFP Friday a key US datapoint this week. EUR/USD jostled on Monday, settling near 1.0720 after churning in a tight but lopsided range as markets settle in for the wait to Wednes
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Pull-up Update