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This week’s market preview highlights the key events and data releases likely to drive market movements. Economic data so far are sparking Recession fears as a Global Stock sell-off sets to continue. Key Economic Indicators ISM Non-Manufacturing PMI (July): A …
CURRENCIES Bank of Japan hikes rates: The Bank of Japan (BoJ) raised the policy rate from 0.1% to 0.25%, with a 7-2 vote in favour. This decision marks a 0.15% increase in the policy rate. Bond tapering details: The BoJ …
CURRENCIES Key points: US core PCE y/y: Unchanged at 2.6%, missing estimates of 2.5%. Interest rate probabilities: Unmoved, with a September cut fully priced in. For real-time high-impact data and event releases, see the DailyFX Economic Calendar. Detailed analysis: PCE …
CURRENCIES EUR/USD: Rides post-US CPI wave higher. Challenges resistance zone between 1.0942 and 1.0960. Bullish momentum might encounter resistance near 1.0916. GBP/USD: Surges post-UK election and US CPI catalysts. Risks overheating with RSI near overbought. Faces potential resistance at 1.3142. …
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