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EUR/USD Reaches Four-Month Highs Amid Strong US Retail Sales Data and Rising Fed Rate Cut Odds
EUR/USD Reaches Four-Month Highs Amid Strong US Retail Sales Data and Rising Fed Rate Cut Odds

The EUR/USD pair surged to a four-month high near 1.0950 during Wednesday's American session, continuing its upward trajectory following reports of persistent inflation pressures in the EU and...

USD Surge: Powell's Silence, Strong US Retail Sales Data
USD Surge: Powell's Silence, Strong US Retail Sales Data

The USD experienced a notable rally on Tuesday, buoyed by a series of economic events and data releases. A focal point was Federal Reserve Chairman Jerome Powell's recent interview. Market...

Dollar Looks Set to Test Key Horizontal Level, but a False Breakout is Likely
Dollar Looks Set to Test Key Horizontal Level, but a False Breakout is Likely

The US Dollar experienced a retreat today, relinquishing its intraday gains following the shocking news of an assassination attempt on former President Donald Trump. Although Trump sustained an injury...

Dollar Down on Dovish Fed Expectations
Dollar Down on Dovish Fed Expectations

DXY lower on MondayThe US Dollar remains weak across early European trading on Monday. The DXY is now down 2% from the June highs with USD finding sustained selling pressure recently amidst an uptick...

USD's Steep Post-CPI Fall Boosts Odds of a Profit-Taking Move
USD's Steep Post-CPI Fall Boosts Odds of a Profit-Taking Move

The US Dollar has been trading in a rather mixed fashion. This indecision stems from a clear rotation happening in the equity markets. With the Fed likely to cut interest rates in September, a...

US Political Turbulence and Weak CPI Expectations Push USD to the Brink of a Bearish Breakout
US Political Turbulence and Weak CPI Expectations Push USD to the Brink of a Bearish Breakout

This revision maintains the original meaning while improving the flow and clarity of the title.The US Dollar is experiencing a notable pullback for the second consecutive day, as evidenced by the...

Copper Softens on China Inflation Decline
Copper Softens on China Inflation Decline

Weak China DataFollowing a promising rebound off the 4.300 level over the last week, copper prices are cooling a little here with the futures market slipping back below the 4.5785 level on Wednesday. ...

EUR/USD Nears Crucial Resistance: Potential Breakout Hinges on US Inflation Surprise
EUR/USD Nears Crucial Resistance: Potential Breakout Hinges on US Inflation Surprise

The US Dollar is trading sideways on Wednesday, confined to a tight range across most currency pairs. This comes as no surprise following the uneventful semi-annual testimony from Federal Reserve...

Dollar Potentially At Major Turning Point
Dollar Potentially At Major Turning Point

USD ShiftOver the past fortnight we’ve seen a clear shift in USD with the Dollar Index shedding around 1.2% from the June highs. This weakness comes despite the Fed striking a firmly hawkish tone at...