We’re now in an important spot of the economic calendar as the next two weeks bring rate decisions out of both Europe and the United States. There’s an NFP report set to be released in-between and we just had the most recent installment of US Core PCE, which led to a volatile finish to last week. In EUR/USD, the bullish breakout that pushed in mid-May on the back of the US CPI report has since stalled and the past two and a half weeks have shown a volatile and choppy backdrop in the pair. Support showed up last week before a test of the 200-day moving average as sellers were thwarted around the 1.0800 level. ... (full story)
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2024-06-04 04:39:00Z
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