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Weekly Market Outlook: ECB rate call, US CPI, and more to shape the week!  

Weekly Market Outlook – As recession risks rise, the European Central Bank will make a crucial rate decision this week. Meanwhile, the US dollar awaits CPI and retail sales reports ahead of the...

Category - Market Analysis

Dollar Reverses Early Gains following PCE

The dollar erased early gains posted on Friday as personal consumption expenditure (PCE) data showed further signs of cooling inflation in June, confirming the inflation downtrend and lessening chances of further policy...

ECB Lifts Interest Rates to 23-year High, Euro Falls

The Euro reversed early gains on Thursday following the ECB’s anticipated decision to raise borrowing costs. The central bank emphasized its commitment to a data-dependent approach for future decisions, ensuring a...

GBP Drops as Inflation Falls Suggesting Slower Rate Hikes

The British Pound (GBP) dropped sharply on Wednesday following the release of UK inflation data that showed inflationary pressures cooling down faster than expected in June. Data suggest that the Bank of England may not...

USD at 2-month lows ahead of CPI, RBNZ holds rates 

Forex News – The US dollar (USD) hit a fresh two-month low on Wednesday, amid increasing speculations that US inflation will continue to subside supporting beliefs that the Federal Reserve is halting rate...

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