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European Central Bank Holds Interest Rates Unchanged, Keeps Markets Guessing On September Rate Cut
The European Central Bank (ECB) kept its key interest rates unchanged at its July meeting, aligning with market expectations.The Governing Council did not provide specific guidance on future policy,
GBP Long Positions Are Nearing Stretched Levels - MS
Asia And Europe Markets Advance, Dollar Retreats After Powell's Dovish Stance - Global Markets Today While US Slept
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Invesco CurrencyShares Euro Currency Trust Declares Monthly Distribution of $0.1794
Asia And Europe Markets Advance, Crude Near $80 While Dollar Gains - Global Markets Today While US Slept
On Monday, June 17th, the U.S. stock markets finished strong, with the S&P 500 and Nasdaq achieving record highs. This was driven by a surge in technology stocks amid excitement over artificial intell
solo invest : Yea this barely affected the markets last month. I doubt investors will have any confidence in the BOJ with the central bank still stimulating the economy. I wonder if all of the other major currencies were rising just because of this catalyst as well. Like maybe this news brought down the dollar enough to cause the momentum to bring up the other currencies. I mean i cant point out why every other currency was ripping like crazy. It seems like it was simply because the dollar was dropping. Was japan the only catalyst? Or were there other Macro events or headlines that are not mentioned here? I didn’t see anything else myself. I’m just wondering… What do yo think of this post @iamiam??
solo invest : Do you have an opinion on this one @Mcsnacks H Tupack? Do you follow forex?
SpyderCallOP solo invest: good person to ask. I might not have noticed any other major forex news last friday. i didnt see anythin else
iamiam solo invest: this is a fed pivot play. There were FED pivot rumors from a convenient WSJ article at 8am (the FED has entered lock down and they can't speak to refute the article). like the post says it came at a support level on the markets and resistance on the dollar and they broke the dollar as it was rallying (we were about to have a -300 nasdaq market day). My guess is the dollar now falls back to the 50MA. Could the article be legitimate? sure, but I wouldn't bet on it.
solo invest iamiam: Agreed. If the dollar goes red then I dont think it will last that long. But who knows
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