ECB Rate Cut Hints Pressure Euro, Markets Eye Fed
The Euro is under pressure as the European Central Bank (ECB) hints at a potential rate cut following Eurozone inflation and GDP data, impacting EUR/USD, with key support at 1.1040.
Read MoreThe Euro is under pressure as the European Central Bank (ECB) hints at a potential rate cut following Eurozone inflation and GDP data, impacting EUR/USD, with key support at 1.1040.
Read MoreOn Friday, the EUR/USD pair was near 1.1115, the JPY strengthened to around 143 per dollar, gold held steady near $2,520 per ounce, the GBP/USD pair remained around 1.3180, and Silver traded around $28.80 during the Asian session.
Read MoreThe dollar index hovered around 101.3, The JPY traded around 143.6 per dollar, gold remained close to $2,500 per ounce, the GBP/USD pair traded in the mid-1.3100s, and silver prices rose by over 0.74% to trade at $28.21.
Read MoreThe dollar index held steady around 101.6, JPY ended its four-day losing streak, the gold remained below $2,500 per ounce, GBP/USD remained in the middle of its trading range on Monday, and the silver is trading at $28.45.
Read MoreThe dollar index remained around 101.7, the JPY fell below 146 per dollar, gold dropped below $2,500 per ounce, the GBP/USD pair climbed to about 1.3135 in the Asian session, and silver is trading at $28.45 on Monday morning.
Read MoreThe yen strengthened due to the divergent monetary policies between Japan and the US.
Read MoreThe EUR/USD pair trades at 1.1130, the USD/JPY pair remains under pressure around 144.50, gold climbed above $2,510 per ounce, the GBP/USD pair fell back below 1.3200, and silver negatively correlated with the dollar faced selling pressure, and is trading around $29.40.
Read MoreFed easing expectations and upcoming economic data have been pivotal in recent market movements.
Read MoreThe dollar index held steady around 100.9 on Tuesday, the JPY fell toward 145 per dollar, gold prices fell below $2,510 per ounce, GBP/USD fell below the 1.3200 mark, and silver traded above $29.90 per ounce.
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