Novia
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EUR retains a soft undertone – Scotiabank
Euro (EUR) price action reflects the firmer tone in the USD overall as well as some re-widening in EZ/US short-term spreads, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR drops to 1.05 “Fair value has slipped a little to 1.0499 today, suggesting the EUR is trading about where it should b
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GBP/USD: Momentum is beginning to slow – UOB Group
Pound Sterling (GBP) may edge higher; as momentum is not strong for now, any advance is unlikely to break above 1.2810. In the longer run, momentum is beginning to slow; GBP has to break and hold above 1.2810, or the chance of a rise to 1.2850 will diminish quickly, UOB Group’s FX analysts Quek Ser
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Strong (albeit later) start to the holiday shopping season
Danish card data suggests that spending excluding energy increased by 4.5% in November compared to the same month the year before. Adjusting for inflation, spending excluding energy increased by 3.1%. This confirms the trend from October, of a pickup in spending, after a very weak six months. Novemb
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AUD/NZD slides to 1.0950 area after RBA decision, holds above 200-day SMA
AUD/NZD faces rejection near 1.1000 after the RBA announced its policy decision. The RBA leaves its cash rate unchanged, though turned dovish and weighs on the AUD. Bets for aggressive RBNZ easing undermine the NZD and help limit losses for the cross. The AUD/NZD cross attracts fresh sellers followi
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USD: Quiet start to a busy week on the calendar – Scotiabank
The US Dollar (USD) is somewhat softer on the session as markets react to further upheaval in uncertainty in the Middle East, more signs from China’s politburo that it will step up efforts to bolster stimulus efforts and comments from President-elect Trump reiterating tariff and deportation plans on
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EUR/USD: Above 1.0610 before further advance to 1.0650 is likely – UOB Group
Upward pressure appears to have eased; the Euro (EUR) may trade sideways between 1.0530 and 1.0590. In the longer run, EUR has to break and remain above 1.0610 before further advance to 1.0650 is likely, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. May trade sideways between 1.0530 a
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Daily Broad Market Recap – December 3, 2024
Partner Center Financial markets showed mixed reactions to labor market data and central bank commentary while also positioning ahead of key economic events. Were risk assets able to maintain their upward momentum despite geopolitical concerns? Let’s check out the latest updates! Headlines: New Zeal
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Asia open: Turmoil in Korea, a nation on edge
Asia open Asian markets are bracing for a tense and uncertain open on Wednesday as geopolitical chaos and economic sabre-rattling create a web of challenges for investors. South Korea's brief but shocking declaration of martial law by President Yoon Suk Yeol jolted the region, marking the country’s
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Pull-up Update