EUR/GBP edges lower by over 0.60% at the time of writting on Monday after breaking out of recent consolidation. Momentum indicators remain supportive, with the pair eyeing 0.8800 and higher levels, while 0.8645–0.8660 serves as near-term support, Société Générale’s FX analysts note.Uptrend intact as EUR/GBP targets 0.8800″EUR/GBP broke out from…
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The USD/CNY exchange rate has not moved much in recent weeks. Since the US and China agreed to a truce in the trade war on 11 June, the exchange rate has moved within a range of just 7.155 to 7.188, which is not even 0.5%. EUR/USD often makes such a move in a single day, Commerzbank’s FX analyst Volkmar Baur notes. CNY is being kept weaker than it needs to be at present”However, this is…
When will even critics admit that President Trump’s trade strategy is working? The EU deal…
AUD/USD slumps to near 0.6500 as the US Dollar strengthens on US-EU trade agreement.The US…
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Two particular lines in Elon Musk’s posts about Tesla’s new chip deal highlight just how far his “founder mode” approach extends. In this case, right down to his stated terms of Tesla’s manufacturing agreement with Samsung.In a $16.5 billion deal, Samsung will produce Tesla’s new AI6 chip from the manufacturing…
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President Donald Trump on Monday championed his latest trade deal with the European Union as a “very big trade deal,” but his enthusiasm for the agreement does not appear to be shared by European leaders, with some describing the agreement as a “submission.” Trade between the U.S. and Europe accounts…
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The US Army and its allies recently pulled off a rapid missile launcher deployment to a remote Pacific island. It was a high-speed test of fire-and-move tactics and how they would bring long-range firepower to a future fight in the region.The test occurred last week and built on US military…
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The Federal Market Open Market Committee expects interest rates to move down in 2025. Fixed income markets see two cuts coming, taking rates to 3.75% to 4% by December as the most likely outcome, down from 4% to 4.25% today. However, for quite some time the labor market has held…
