ECB Cuts Interest Rates as Expected, Upward Revisions to Inflation and Growth Lift the Euro

The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growth in 2024

from DailyFX – Market News https://bit.ly/3yOOamF
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US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday

Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.

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BoC Cuts Rates as Inflation Settles into Target Range, CAD Weakens

The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD

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Gold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move

Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term

from DailyFX – Market News https://bit.ly/4bKVL49
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