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Following Wednesday’s apparent easing of trade tensions between the European Union and the United States, which helped push EURUSD higher, traders’ attention should shift to today’s European Central Bank (ECB) meeting. Judging from the general tone among bank analysts, it’s probably fair to say expectations for that are low. There’s a feeling that last month’s[…]
EURUSD, EURJPY: Differing Euro Prospects?
As Dutch bank ING noted on Tuesday “the flash composite PMI for the Eurozone fell back to 54.3, after the brief uptick to 54.9 in June. This was slightly below the consensus estimate.” While the figure is still reflective of a solid Eurozone recovery, it’s not representative of a stellar performance. Another, albeit small, downside[…]
USDJPY: Yield Curve Moves May Flatter Yen Bulls To Deceive
President Trump’s lack of enthusiasm for Fed rate hikes and speculation that any policy changes by the Bank of Japan on July 31 might be in the direction of less loose Japanese monetary policy (even if the BoJ argues any such measures are to increase the BoJ’s flexibility in its monetary policy approach) could account[…]