Beerbohm
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EUR/USD consolidates losses with upside attempts capped below the 1.0700 area
The Euro remains contained above 1.0600 support yet with bullish attempts capped below 1.0690 The broader bias remains unchanged, with the pair on a bearish trend from early March highs near 1.1000. The diverging ECB - Fed monetary policy outlook is expected to keep the pair under pressure. Euro bea
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EUR/USD declines toward 1.0600 as upbeat US Retail Sales improve US Dollar’s appeal
EUR/USD is expected to witness more downside as the appeal for the US Dollar strengthens. Fed Daly said there is absolutely no urgency for the Fed to pivot to rate cuts. The ECB is expected to begin reducing interest rates from the June meeting. The EUR/USD pair sees more downside below the immediat
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FX next week: Inflation vs GDP, NFP, 14 currencies
Inflation at 3.5% and GDP at 3.4% offers economics and markets on the brink. Inflation's rise yesterday implies by traditional Correlations a lower GDP to target the bottom at 2.47. GDP's big line break is located at 3.84 while Inflation averages trade from 3.47 to 4.05 vs the 1 year average at 6.14
Pull-up Update