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This week, financial markets are focused on the FOMC interest rate decision, as well as key economic indicators such as CPI and PPI. The Fed’s decision comes on the heels of rate cuts by the ECB and BOC, with expectations of a hold on rates in June. Investors are also looking for signals from the Bank of Japan amidst the Yen’s historic lows. In this ...
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The US dollar extended its gains for a third day, although bullish volatility is clearly receding. So whilst EUR/USD edged closer to 1.07 its next directional move is in the hands of US CPI and the Fed over the next 24 hours. This is only the 15th time since 2014 that the two events have landed on the same day, and the inflation report could easily sway the ...
Sessions