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USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge
Article By:
Robert Petrucci
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Wednesday, April 24, 2024 11:13 AM EDT
The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning.
AUD/USD Forecast: Rallies As Rate Cut Bets Ease After Hot CPI
Article By:
Yohay Elam
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Wednesday, April 24, 2024 10:59 AM EDT
Australia’s CPI increased by 1% in Q1, beating estimates for an increase of 0.8%. There is a 4% chance of an RBA hike in August. PMI data showed a decline in US business activity in April.
EUR/USD Forecast: Rangebound And Tight
Article By:
Christopher Lewis
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Wednesday, April 24, 2024 10:43 AM EDT
The 1.07 level above has offered resistance, which makes sense because there's a lot of market memory there, as it previously had not only been resistance, but it's also been support.
Euro Gains Against The Dollar Amid Mixed Economic Signals
Article By:
Andrey Goilov
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Wednesday, April 24, 2024 10:14 AM EDT
The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.
USD/JPY Extends Upside To 155.00 Amid Caution Ahead Of US Data, BoJ Policy
FX Daily: Survey Divergence Hits The Dollar
Article By:
ING Economics
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Wednesday, April 24, 2024 7:01 AM EDT
The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data has generally helped the dollar of late.
US Market Commentary - Wednesday, April 24
Article By:
James Harte
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Wednesday, April 24, 2024 6:50 AM EDT
The US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected.
In this article: UUP
EUR/USD Recovers After US Economic Myth Dented
Article By:
FXStreet
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Wednesday, April 24, 2024 5:28 AM EDT
EUR/USD climbs above the key 1.0700 psychological level early on Wednesday. Weaker-than-expected US PMI data on Tuesday undermined the US Dollar and fueled the recovery. EUR/USD’s Bear Flag pattern deforms, bringing into doubt its validity.
The Return Of Optimism In Germany
Article By:
ING Economics
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Wednesday, April 24, 2024 5:04 AM EDT
A third monthly increase in the Ifo index strengthens the view that the German economy has left the trough behind and should be able to enjoy some more cyclical improvement.
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In this article: EWG
Australian Dollar/U.S. Dollar - Forex Elliott Wave Technical Analysis - Wednesday, April 24
Article By:
Peter Mathers
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Wednesday, April 24, 2024 4:48 AM EDT
The AUD/USD Elliott Wave Analysis for the Day Chart provides an in-depth examination of the trends and expected future movements in the Australian Dollar/U.S. Dollar currency pair according to Elliott Wave Theory.
In this article: FXA
USD/JPY Forecast: Dips Are Opportunities
Article By:
Christopher Lewis
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Wednesday, April 24, 2024 3:57 AM EDT
The US dollar continues to squeeze higher against the Japanese yen, as the interest rate differential continues to be a major driver.
GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief
Article By:
Crispus Nyaga
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Wednesday, April 24, 2024 3:13 AM EDT
The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw Pill, a senior Bank of England (BoE) official.
Asia Morning Bites - Wednesday, April 24
Article By:
ING Economics
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Wednesday, April 24, 2024 2:22 AM EDT
Australian March and first-quarter 2024 inflation and a no-change decision from Bank Indonesia due
GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment
Article By:
Akhtar Faruqui
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Wednesday, April 24, 2024 1:53 AM EDT
GBP/USD tests the major level of 1.2450 despite the bearish sentiment shown by the technical analysis. The pair continues to trade below the pullback resistance level at 1.2518, positioned near the lower boundary of the descending triangle.
EURUSD Stages Rebound: Correction Or Downtrend Pause?
Article By:
ForexCycle
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Wednesday, April 24, 2024 1:15 AM EDT
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair.