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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.
EUR/USD Holds Above 1.0700 On Weaker US Dollar, Upbeat Eurozone PMI
Article By:
Lallalit Srijandorn
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Tuesday, April 23, 2024 8:40 PM EDT
The EUR/USD pair holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for EUR/USD.
WTI Back Over $83 As Crude Oil Sees Additional Volatility
Article By:
Joshua Gibson
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Tuesday, April 23, 2024 8:00 PM EDT
US Purchasing Managers Index (PMI) figures printed much softer than expected, sparking renewed hopes of a weakening US economy forcing the US Federal Reserve (Fed) to begin cutting rates sooner than previously expected.
AUD/USD Rises To Two-Day High Ahead Of Aussie CPI
Article By:
Christian Borjon Valencia
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Tuesday, April 23, 2024 7:40 PM EDT
The Aussie Dollar recorded back-to-back positive days against the US Dollar and climbed more than 0.59% on Tuesday, as the US April S&P PMIs were weaker than expected.
Rates Spark: The Stakes Get Raised
Article By:
ING Economics
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Tuesday, April 23, 2024 5:38 PM EDT
The return of risk-on opens further upside to yields, although US data Tuesday was weak, and demand at the 2yr auction very strong.
FTSE Finally Breaks Record Highs Before Pausing
Article By:
Patrick Munnelly
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Tuesday, April 23, 2024 12:05 PM EDT
The FTSE 100 has reached a record high, reflecting the global forces driving commodity prices rather than the performance of the British economy.
In this article: EWU
Dollar Index And Euro-Dollar Medium-Term Forecast
Article By:
Dzmitry Chalevich
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Tuesday, April 23, 2024 10:32 AM EDT
In mid-January, the main development options for this year for EUR/USD and USD/JPY were considered . At least a short-term strengthening of the dollar was expected; there were still options in the medium term.
Eurozone PMI Signals A Pickup In Growth
Article By:
ING Economics
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Tuesday, April 23, 2024 10:10 AM EDT
The PMI increased from 50.3 to 51.4 in April, suggesting that the Eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter.
In this article: EZU