EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data

https://here.news/story/acbb1c95

EUR/USD, Eurozone services PMI, German services PMI, European Central Bank, nonfarm payrolls, technical analysis, risk-on rally, US dollar, services PMI, economic conditions, Fed, rate cut, eurozone data, US data, US first-quarter GDP data

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Last Notes

2024-08-06 05:14:19

US Dollar's Slide Gives Asian Central Banks Room for Rate Cuts
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#acbb1c95 ver:1.13
...
#newstr #UsDollar #AsianCentralBanks #RateCuts #Covid19Pandemic #ExchangeRates #SingaporeDollar #MalaysianRinggit #ThaiBaht #IndonesianRupiah #PhilippinePeso #IndianRupee #SouthKoreanWon #ChineseYuan #JapaneseYen #AustralianDollar #NewZealandDollar
https://here.news/story/acbb1c95?ver=1.13

2024-06-25 02:06:28

Australian Dollar Faces Uncertainty as Markets Remain Volatile
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#acbb1c95 ver:1.09
The Australian Dollar faces uncertainty amid global market volatility. US Dollar weakens, North Asian markets decline, and concerns arise over oil and metal prices. Emerging markets and junk bond market remain stable. US economy slows, tech sector falters. US election and economy performance impact foreign exchange market. AUD expected to face downward pressure. #AustralianDollar #marketvolatility #USdollar #emergingmarkets #USelection #economy...
#newstr #AustralianDollar #Markets #Uncertainty #UsEconomy #UsElection #Inflation #Electiontime
https://here.news/story/acbb1c95?ver=1.09

2024-06-20 03:00:03

AUD to USD Forecast: China’s Rates Decision and US Labor Data in Focus
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#acbb1c95 ver:1.05
The Australian Dollar (AUD) is declining due to the strength of the US Dollar (USD) and mixed economic data from China. Traders are watching the Reserve Bank of Australia's interest rate decision, while China's economic challenges remain a focal point. US labor market data and the Fed's rate cut projections will also impact the AUD/USD. #AUD #USD #China #economy #interestrates #Fed #RBA #labormarket...
#newstr #Aud/usd #China #UsLaborMarket #InterestRates #EconomicIndicators
https://here.news/story/acbb1c95?ver=1.05

2024-06-18 04:57:37

Australian Dollar Trades with Mild Losses as Investors Await RBA Rate Decision
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#acbb1c95 ver:1.03
The Australian Dollar (AUD) is trading lower due to a strong US Dollar (USD) and mixed Chinese economic data. The upcoming RBA rate decision and press conference could impact the AUD. #AUD #USD #RBA #economy...
#newstr #Aud #Usd #China #InterestRates #Rba #RetailSales #IndustrialProduction
https://here.news/story/acbb1c95?ver=1.03

2024-06-06 04:03:39

Australian Dollar Strengthens on Higher Trade Balance and Hawkish RBA Statement
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#acbb1c95 ver:0.96
The Australian Dollar strengthened against the US Dollar as positive Trade Balance data and a hawkish RBA statement boosted the AUD. The widening Trade Balance suggests improved export performance, while the RBA indicated a potential interest rate increase. The US Dollar struggled due to mixed economic data and speculation of a Fed rate cut. Key US employment data releases are awaited. #AUD #USD #TradeBalance #RBA #interestrates #Fed...
#newstr #Aud/usd #TradeBalance #Rba #Usd #Fed
https://here.news/story/acbb1c95?ver=0.96

2024-06-06 01:03:34

AUD/USD Holds Steady Amid Mixed US Data and Anticipation of Aussie Trade Balance
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#acbb1c95 ver:0.95
The Australian Dollar (AUD) holds steady against the US Dollar (USD) amid mixed US data and anticipation of Aussie trade balance. Speculation of a potential interest rate cut by the Federal Reserve fuels the AUD's strength. Australia's Q1 GDP growth slightly below expectations. Upcoming data releases will provide further insights into the health of the Australian economy. #AUD #USD #economy #interestrates...
#newstr #Aud/usd #UsDollar #UsIsmServicesPmi #AdpPrivateHiring #AustralianGdp #RbaOutlook #AussieTradeBalance #BalanceOfTrade #HomeLoans #PrivateHousingApprovals
https://here.news/story/acbb1c95?ver=0.95

2024-06-05 11:00:33

AUD/USD Surges Despite Lackluster GDP Figures
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#acbb1c95 ver:0.94
Despite lackluster GDP figures, the Australian Dollar (AUD) surged against the US Dollar (USD). Weak US data and expectations of a rate cut by the Federal Reserve (Fed) boosted the AUD. The Australian economy grew 0.1% in Q1, below expectations, but the near-term outlook for the AUD remains strong as investors hope for an interest rate hike by the Reserve Bank of Australia (RBA). The AUD/USD pair is showing mild bullish sentiment and may retest range resistance. #AUD #USD #GDP #Fed #RBA...
#newstr #Aud/usd #Gdp #Rba #UsEmploymentData #Forex
https://here.news/story/acbb1c95?ver=0.94

2024-05-31 02:00:24

AUD/USD recovers as weaker US GDP sparks US yields drop
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#acbb1c95 ver:0.89
The Australian Dollar (AUD) recovered against the US Dollar (USD) as weaker US GDP data led to a drop in US Treasury yields. The AUD appreciated after higher-than-expected CPI data, potentially prompting the RBA to consider another rate hike. The AUD/USD pair pulled back due to strong US consumer confidence and a drop in the Australian CPI. Near-term trends for AUD/USD could hinge on US labor market data and inflation numbers. The AUD may limit losses due to an increase in Australian 10-year Government Bond Yield. The AUD might gain ground as China lifts bans on Australian beef shipments. The AUD/USD trades at 0.6632, following gains of 0.35%. #AUD #USD #GDP #CPI #RBA #USLaborMarket #Inflation #China #Beef #BondYield...
#newstr #Aud/usd #UsGdp #UsYields #AustralianDollar #UsDollar
https://here.news/story/acbb1c95?ver=0.89

2024-05-30 11:04:15

Australian Dollar weakens as investors adopt caution ahead of key US economic data
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#acbb1c95 ver:0.88
Investors cautious as Australian Dollar weakens amid rising US Treasury yields and risk aversion. Strong Australian CPI data could prompt rate hike, but AUD/USD pulled back after US consumer confidence report. Focus on Australian housing sector data and US GDP, jobless claims, and Fed speakers. AUD recovery supported by higher US Treasury yields. Key support and resistance points at 0.6600 and 0.6700. AUD extends losses ahead of US GDP and PCE data. AUD may gain ground as China lifts beef bans. RBA concerned about inflation. US Beige Book shows slight growth. Gold prices dip, AUD/USD falls below 0.66. Bitcoin and Ethereum consolidate. Traders cautious of market corrections. #AUD #USD #CPI #RBA #GDP #JoblessClaims #Fed #Gold #Bitcoin #Ethereum...
#newstr #Aud #Usd #RiskAversion #UsTreasuryYields #MonthlyCpi #Rba #RateHike #UsConsumerConfidence #Cpi #SupportAndResistanceLevels #BeigeBook #PceInflationData #HousingSector #UsGdp #JoblessClaims #Fed #LaborMarket #MovingAverages #UsEconomicData #Investors #Caution #UsGrossDomesticProduct #CorePersonalConsumptionExpenditures #Australian10yearGovernmentBondYield #China #BeefShipments #PrivateCapitalExpenditure #Inflation #RateCut
https://here.news/story/acbb1c95?ver=0.88

2024-05-30 02:58:50

RBA Inflation Outlook and Hawkish Fed Chatter Impact AUD/USD Forecast
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#acbb1c95 ver:0.86
The Australian Dollar (AUD) faced challenges but appreciated after higher-than-expected CPI data. RBA may consider rate hike. AUD/USD pulled back due to strong US consumer confidence and drop in Australian CPI. Housing sector data and US economic indicators will impact AUD/USD. Key support and resistance points at 0.6600 and 0.6700. Beige Book and US PCE inflation data are important to monitor. #AUD #USD #RBA #CPI #economy...
#newstr #Aud/usd #Rba #Inflation #HousingSector #UsGdp #JoblessClaims #Fed #LaborMarket #MovingAverages
https://here.news/story/acbb1c95?ver=0.86

2024-05-29 10:04:14

AUD/USD Pulls Back Amid Strong US Consumer Confidence and Australian CPI Data
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#acbb1c95 ver:0.85
#AUDUSD pulls back as strong US consumer confidence and Australian CPI data impact the market. Higher-than-expected CPI could lead to a rate hike by the RBA. US dollar rebounded on rate hike uncertainty. Key support and resistance levels for #AUDUSD are at 0.6600 and 0.6700. #forex...
#newstr #Aud/usd #Forex #Trading #UsConsumerConfidence #Cpi #SupportAndResistanceLevels #BeigeBook #PceInflationData
https://here.news/story/acbb1c95?ver=0.85

2024-05-28 03:56:04

Australian Dollar Remains Stagnant Amid US Election Uncertainty
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#acbb1c95 ver:0.83
The Australian Dollar remains stagnant amid US election uncertainty, lacking support from North Asia. Goldman Sachs predicts limited foreign exchange swings and challenges for the US Dollar to depreciate significantly. However, new inflationary factors could favor Dollar strength. #AUD #USD #forex...
#newstr #Aud #UsElection #Dxy #NorthAsia #Oil #Gold #Commodities #EmStocks #JunkBonds #Inflation
https://here.news/story/acbb1c95?ver=0.83

2024-05-24 02:59:35

AUD/USD Continues to Slide, Hovers Around 0.6600 Amid Hawkish Fed Stance
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#acbb1c95 ver:0.81
The Australian Dollar (AUD) continues to slide against the US Dollar (USD) amid a hawkish Fed stance, trading around 0.6600. The drop in AUD came as investors analyzed the latest US economic data and the possibility of a rate hike by the Reserve Bank of Australia (RBA). The focus now shifts to upcoming RBA meeting minutes and Federal Reserve speakers. Market risk sentiment and commodity prices will likely influence the AUD/USD in the near term. #AUD #USD #Fed #RBA...
#newstr #Aud/usd #RbaRateCut #MarketRiskSentiment #EconomicIndicators #DurableGoodsOrders #UniversityOfMichiganSurvey #FomcMemberSpeeches #PriceAction
https://here.news/story/acbb1c95?ver=0.81

2024-05-21 01:03:07

AUD/USD Slides Below 0.6700 as US Treasury Yields Rise
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#acbb1c95 ver:0.78
The Australian Dollar (AUD) slides below 0.6700 against the US Dollar (USD) as US Treasury yields rise, overshadowing upbeat market sentiment. Focus now on RBA meeting minutes and upcoming Fed speakers and minutes. AUD/USD has a neutral to upward bias, but a dip below 0.6667 could lead to a deeper pullback. #AUD #USD #forex...
#newstr #Aud/usd #UsDollar #UsTreasuryYields #Rba #Fed
https://here.news/story/acbb1c95?ver=0.78

2024-05-11 21:53:01

AUD/USD Weekly Forecast: Greenback Weak, Focus on US CPI
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#acbb1c95 ver:0.76
The AUD/USD pair had a slightly bearish week due to the RBA's less hawkish stance. The USD weakened after a rise in unemployment claims. Looking ahead, focus will be on US CPI and retail sales data, as well as Australia's employment figures. Technically, the pair has a bullish bias, but faces resistance at the 0.6650 level. If resistance holds, price may retest support at 0.6475. #AUDUSD #forex...
#newstr #AustralianDollar #UsDollar #ReserveBankOfAustralia #FederalReserve #Inflation #InterestRates #Unemployment #Imports #Exports #RetailSales
https://here.news/story/acbb1c95?ver=0.76

2024-05-08 04:58:43

Australian Dollar Loses Ground as RBA Maintains Interest Rate
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#acbb1c95 ver:0.74
The Australian Dollar (AUD) falls as RBA maintains interest rate at 4.35%. RBA's less hawkish stance and weak US economic data contribute to AUD/USD decline. Societe Generale predicts economic downturn in Australia. US Dollar gains ground with Fed's higher interest rate sentiment. #AUD #RBA #USD #economy...
#newstr #Aud/usd #Rba #InterestRate #UsDollar #Inflation #FederalReserve #BondYield #Asx200Index #EconomicGrowth #NonfarmPayrolls #PurchasingManagersIndex
https://here.news/story/acbb1c95?ver=0.74

2024-05-07 05:06:55

Australian Dollar Appreciates Amid Hawkish RBA Ahead of Policy Decision
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#acbb1c95 ver:0.73
The Australian Dollar (AUD) appreciates as the Reserve Bank of Australia (RBA) is expected to keep rates unchanged, while the US Dollar (USD) remains weak due to expectations of rate cuts by the Federal Reserve (Fed). The AUD/USD pair may continue rising, with the next target at 0.6700. Key factors driving the AUD include RBA interest rates, Chinese economy, Iron Ore prices, and Trade Balance. Trading forex carries risk. #AUD #RBA #USD #forex...
#newstr #Aud/usdExchangeRate #RbaDecision #UsEconomicData #AustralianDollar #ReserveBankOfAustralia #InterestRates #UsDollar #Inflation #FederalReserve #LaborData #PrivateSectorOutput #ExchangeRates
https://here.news/story/acbb1c95?ver=0.73

2024-05-06 08:58:36

AUD/USD Exchange Rate Rises on Weak US Economic Data
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#acbb1c95 ver:0.72
The AUD/USD exchange rate rises as weak US economic data weighs on the US dollar. The Australian dollar has crossed key moving averages and formed an inverse head and shoulders pattern. The pair is expected to continue rising ahead of the RBA interest rate decision. #Forex #AUDUSD...
#newstr #Aud/usd #Rba #UsEconomicData #TechnicalAnalysis
https://here.news/story/acbb1c95?ver=0.72

2024-05-06 05:02:18

Australian Dollar extends gains due to improved risk appetite
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#acbb1c95 ver:0.71
The Australian Dollar (AUD) extends gains as risk appetite improves, rising to 0.6585 against the US Dollar (USD). The AUD/USD pair has been slowly recovering despite the Federal Reserve's delay in cutting interest rates. Inflation remains high, leading to expectations of an RBA rate hike. However, weaker domestic data and a stronger USD have put pressure on the AUD. Traders are now awaiting US labor market data and the FOMC press conference for further direction. Technical analysis suggests the AUD/USD pair may challenge the upper boundary of a symmetrical triangle pattern. #AUD #USD #riskappetite #inflation #RBA #FOMC...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment
https://here.news/story/acbb1c95?ver=0.71

2024-05-04 02:57:19

Australian dollar gains momentum as bear hunting season opens
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#acbb1c95 ver:0.7
The Australian dollar (AUD) gains momentum as bear hunting season opens, with the AUD/USD pair rising to 0.6585. The AUD has been in a slow recovery despite the Federal Reserve's delay in cutting interest rates. The US economy expanded by 1.8% in Q1, and the bond market expects a rate hike by the Reserve Bank of Australia (RBA) due to high inflation. However, weaker domestic data and a stronger US dollar put pressure on the AUD. Traders are awaiting US labor market data and the FOMC press conference for further insights. Technical analysis suggests the AUD/USD pair may challenge the upper boundary of a symmetrical triangle pattern. The AUD's performance is influenced by interest rates, the Chinese economy, iron ore prices, trade balance, and market sentiment. The AUD registered solid gains against the USD driven by positive sentiment and strong US economic data. The article predicts that the AUD will rise towards 70 cents as bear hunting season opens on the big bear short. #AustralianDollar #AUDUSD #FederalReserve #RBA #inflation #USLaborMarket #FOMC #technicalanalysis #marketsentiment...
#newstr #AustralianDollar #CurrencyMarket #GlobalEconomy
https://here.news/story/acbb1c95?ver=0.7

2024-05-03 02:05:20

AUD/USD gains on positive market sentiment and strong US data, despite weak Aussie PMI
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#acbb1c95 ver:0.69
Despite weak Australian PMI data, the AUD/USD pair gained on positive market sentiment and strong US data. The pair rose to 0.6585 as the US dollar retreated, with the US economy expanding by 1.8% in Q1. The bond market expects a rate hike by the RBA by December. The AUD/USD pair will react to the US consumer confidence report, and technical analysis suggests further upside potential. However, the pair faced selling pressure and snapped a six-day winning streak. The AUD/USD movement is influenced by various factors, including RBA interest rates, Chinese economy, iron ore prices, and market sentiment. Traders are closely monitoring economic data and the movements of the US dollar for further insights. #AUDUSD #forex #economy...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment
https://here.news/story/acbb1c95?ver=0.69

2024-05-02 07:02:16

Australian Dollar extends gains due to positive market sentiment despite weaker economic data
===============
#acbb1c95 ver:0.68
Despite weaker economic data, the Australian Dollar (AUD) extends gains due to positive market sentiment. The AUD/USD pair rises as the US dollar weakens and the Federal Reserve delays rate cuts. The AUD/USD pair reacts to US consumer confidence report and technical indicators suggest further upside potential. However, the AUD weakens in response to weaker domestic data and mixed Chinese economic data. Traders are also awaiting US labor market data and the FOMC press conference for further direction. The AUD's movement is influenced by RBA interest rates, Chinese economy, Iron Ore prices, and market sentiment. Technical analysis suggests a potential breakout in the AUD/USD pair. Overall, the AUD's gains are driven by positive sentiment and hawkish RBA expectations....
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment
https://here.news/story/acbb1c95?ver=0.68

2024-05-01 06:58:25

Australian Dollar under pressure amid risk-off sentiment ahead of Fed decision
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#acbb1c95 ver:0.67
The Australian Dollar (AUD) is facing pressure amid risk-off sentiment ahead of the Federal Reserve's decision. The AUD/USD pair rose to 0.6585 as the US dollar retreated, but weaker domestic data and dashed hopes for an RBA rate hike have weakened the AUD. Mixed Chinese data and a pickup in USD demand have also contributed to the AUD's decline. The release of US labor market data and the Fed's rate decision will impact the AUD/USD pair. Technical indicators suggest a potential further weakening of the AUD. #AUD #USD #Fed #RBA...
#newstr #Aud/usd #UsLaborMarket #Fomc #InterestRates #EconomicOutlook
https://here.news/story/acbb1c95?ver=0.67

2024-05-01 01:54:57

AUD/USD Forecast: Impact of US Labor Data and FOMC Decision on Currency Pair
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#acbb1c95 ver:0.66
The AUD/USD pair rose as the US dollar weakened, but weaker domestic data and hawkish Fed expectations put pressure on the Australian dollar. Mixed Chinese data and upcoming US labor market data will impact the pair. Technical indicators suggest a potential weakening of the AUD/USD pair. #AUDUSD #forex #economy...
#newstr #Aud/usd #UsLaborMarket #Fomc #InterestRates #EconomicOutlook
https://here.news/story/acbb1c95?ver=0.66

2024-04-30 11:53:36

AUD/USD Outlook: Break below 0.6500 could pave the way for deeper losses, US data in focus
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#acbb1c95 ver:0.65
The AUD/USD pair faces potential deeper losses if it breaks below 0.6500, with US data in focus. The pair has been slowly recovering despite the Fed's delay in cutting interest rates. US data shows inflation above target, while the RBA is expected to hike rates by December. The AUD weakened due to weak domestic data and a pickup in USD demand. Technical analysis suggests further weakening below 0.6480 support. Key US economic data will be released this week. #AUDUSD #forex #USD #inflation...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls
https://here.news/story/acbb1c95?ver=0.65

2024-04-30 10:59:11

AUD/USD Outlook: Break below 0.6500 could pave the way for deeper losses, US data in focus
===============
#acbb1c95 ver:0.64
The AUD/USD pair faces potential deeper losses if it breaks below 0.6500, with US data in focus. The pair has been recovering slowly despite the Fed's delay in cutting interest rates. US data shows inflation above target, and the bond market expects a rate hike by the RBA. However, weaker domestic data and a pickup in USD demand have weakened the AUD. Mixed Chinese data and the upcoming US employment report may provide further direction. Technically, the pair may weaken below 0.6480 and challenge the 0.6400 mark. #AUDUSD #forex #USD #inflation...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls
https://here.news/story/acbb1c95?ver=0.64

2024-04-30 10:02:58

AUD/USD Continues to Rise as US Dollar Weakens
===============
#acbb1c95 ver:0.63
The AUD/USD pair continues to rise as the US dollar weakens, reaching 0.6585. The slow recovery is driven by the expectation of a rate hike by the RBA due to high inflation. The pair is currently above moving averages and has strong momentum. Buyers are targeting the 0.6600 level. #AUDUSD #forex...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence
https://here.news/story/acbb1c95?ver=0.63

2024-04-29 06:03:31

Australian Dollar Rises on Hawkish Sentiment and Speculation of RBA Rate Hikes
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#acbb1c95 ver:0.62
The Australian Dollar (AUD) rises on hawkish sentiment and speculation of RBA rate hikes, fueled by strong CPI inflation data. AUD/USD falls after US GDP data reveals persistent price pressures, indicating higher interest rates for longer. AUD/JPY continues to rise on increasing hawkish sentiment and cooling inflation in Japan. Australian stock market rallies, ASX 200 Index recovers ground. Retail Sales data and US Federal Reserve announcements will impact AUD/USD trends. #AUD #RBA #inflation #interestrates #USD #GDP #AUDJPY #ASX200 #RetailSales...
#newstr #AustralianDollar #ReserveBankOfAustralia #InterestRates #Inflation #RetailSales #UsDollar #UsFederalReserve
https://here.news/story/acbb1c95?ver=0.62

2024-04-29 05:03:41

AUD/USD and AUD/JPY React to RBA Rate Speculation and US GDP Data
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#acbb1c95 ver:0.61
The AUD/USD pair fell below 0.6500 after US GDP data revealed persistent price pressures, increasing the likelihood of the Federal Reserve keeping interest rates higher for longer. The probability of a rate cut in September 2024 is now 58.2%. However, better-than-expected Australian CPI data suggests the Reserve Bank of Australia (RBA) may delay rate cuts. AUD/JPY continues to rise due to hawkish RBA sentiment and uncertainty surrounding the Bank of Japan's rate outlook. The AUD/JPY pair is currently hovering around 104.50, a level not seen since April 2013. #AUDUSD #AUDJPY #RBA #Fed #GDP...
#newstr #Aud/usd #Aud/jpy #Rba #UsGdpData #InterestRates #Inflation #Jpy #Boj #StockMarket
https://here.news/story/acbb1c95?ver=0.61

2024-04-29 03:03:26

AUD/USD Falls After US GDP Data Reveals Persistent Price Pressures
===============
#acbb1c95 ver:0.6
#AUDUSD falls below 0.6500 as US GDP data reveals persistent price pressures, indicating higher inflation. Fed expected to keep interest rates higher for longer, positive for USD and negative for AUD/USD. Probability of first rate cut now at 58.2% in Sep 2024. RBA less likely to cut rates in near-term due to strong CPI data. Near-term trends hinge on retail sales figures and US labor market data. #forex #inflation #interestrates...
#newstr #Aud/usd #UsGdpData #InterestRates #RbaRatePath #RetailSalesData
https://here.news/story/acbb1c95?ver=0.6

2024-04-25 17:02:26

AUD/USD Falls After US GDP Data Reveals Persistent Price Pressures
===============
#acbb1c95 ver:0.59
#AUDUSD falls below 0.6500 as US GDP data reveals persistent price pressures, indicating high inflation in the US economy. This may lead to the Fed keeping interest rates higher for longer, attracting foreign capital. Probability of a first rate cut now at 58.2% in September 2024. #RBA less likely to cut rates in the near-term due to better-than-expected CPI data. RBA expected to be the last major G10 central bank to cut rates, with rate cut predicted in November by Rabobank. Some analysts now expect first rate cut in February 2025....
#newstr #Aud/usd #UsGdpData #InterestRates
https://here.news/story/acbb1c95?ver=0.59

2024-04-25 11:04:18

US Dollar Weakens Ahead of Key GDP Data, Impacting EUR/USD Pair
===============
#acbb1c95 ver:0.57
The EUR/USD pair is gaining momentum as the euro strengthens due to improved Eurozone services PMI and German services PMI. However, the eurozone economy remains fragile, and a rate cut by the ECB is expected. The anticipated drop in US nonfarm payrolls could also impact the pair. Traders are closely monitoring these developments, with resistance at 1.0849. The US dollar weakens ahead of key GDP data, with the USD Index registering small losses. The US Q1 GDP is expected to grow at an annualized rate of 2.5%. The outcome of the US core price deflator release will have implications for the dollar....
#newstr #Eur/usd #EurozoneServicesPmi #GermanServicesPmi #EuropeanCentralBank #NonfarmPayrolls #TechnicalAnalysis #RiskonRally #UsDollar #ServicesPmi #EconomicConditions
https://here.news/story/acbb1c95?ver=0.57

2024-04-25 03:02:59

EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data
===============
#acbb1c95 ver:0.53
The EUR/USD pair gains momentum as the euro strengthens on improved Eurozone services PMI and German services PMI. However, the eurozone economy remains fragile, and a rate cut by the ECB is anticipated. US nonfarm payrolls are expected to drop, impacting the pair. Traders monitor these developments and resistance level at 1.0849. Equity indices rise, dollar falls, and gold and silver recover. Technical analysis shows the EUR/USD pair testing a pivotal area at 1.07. Euro rallies on robust activity data in Europe, while US business growth slows. Traders anticipate economic data from Europe and the US. The EUR/USD pair hovers around 1.07, supported by a softer USD. US Q1 GDP data release will provide clues on the economy and the Fed's next move. ECB's dovish stance creates headwinds for the pair. #EURUSD #Eurozone #ECB #USGDP #forex...
#newstr #Eur/usd #Forex #UsGdp #Ecb #InterestRates
https://here.news/story/acbb1c95?ver=0.53