EUR/USD jumps higher on robust Eurozone GDP growth, hot inflation

EUR/USD rises further around 1.0890 on Eurozone upbeat GDP growth and hot inflation. ECB Lagarde sees more interest-rate cuts and said she is hopeful about inflation returning to the bank’s target of 2%. The US Dollar will be influenced by the US presidential election, NFP, and the ISM Manufacturing PMI data. EUR/USD extends its upside to near 1.0890 in Thursday’s North American session following Wednesday’s…

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Stellar (XLM) Price Prediction for 2024, 2025, 2026-2030 and Beyond

2024.10.31 2024.10.31 Stellar (XLM) Price Prediction for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Stellar is a blockchain platform focusing on cross-border payments and remittances. The native Lumens token (XLM) facilitates transactions by acting as an intermediary for exchanging currencies and reducing fees. The Stellar project is actively fostering partnerships with various financial institutions, including those focused on remittances and…

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Daily Broad Market Recap – October 30, 2024

It was another volatile day in the financial markets, as currencies and asset classes dealt with a handful of top-tier catalysts. Not only did Uncle Sam print the Q3 advance GDP, but Australia also released its quarterly inflation report while big tech companies like Meta and Microsoft released earnings figures. Check out the latest headlines driving price action! Headlines:…

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What is the distribution of forecasts for the US PCE report?

Why it’s important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of…

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Sterling a little weaker as the dust settles on the budget – ING

Labour’s large tax-and-spend budget – described by some as an ‘old Labour’ policy – is still reverberating across UK asset markets, ING’s FX analyst Chris Turner notes. New Gilt supply coming dangerously close to £300bn “The Pound Sterling (GBP) briefly got a lift yesterday on the view that the budget was stimulative and that the Bank of England easing cycle would need…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (31 October 2024)

2024.10.31 2024.10.31 Short-term Analysis for Oil, Gold, and EURUSD for 31.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro continued to correct yesterday. The…

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Event Guide: U.S. Non-Farm Payrolls Report (October 2024)

Uncle Sam is about to drop its October labor market numbers! Will the results inspire repricings of interest rate cut expectations for the Fed? More importantly, how may the U.S. dollar react to the news? We have the points you need to know if you’re trading the event! This Article Is For Premium Members Only Become a…

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ECB's Lagarde: Inflation goal is in sight

Rate cuts will continue Remains prudent on inflation outlook Our goal is in sight but cannot say that inflation is completely under control Future rate cuts will be determined by underlying economic data in the coming months There’s nothing new here in her latest comments. The ECB is still poised to cut rates further, with traders now leaning more…

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