Market Overview
The US Currency Is in the Green. China Prepares for the Escalation of the Trade War with the United States
2023.07.04
The US dollar slightly strengthened against a basket of major currencies despite weak economic statistics. Chinese authorities intend to take measures to support the economy and keep ample liquidity i...
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The US Currency Does not Show Clear Dynamics. Investors Expect Additional Drivers
2023.07.04
The dollar index is consolidating. The US currency is still under pressure due to rising expectations of reducing interest rates by the Fed. Investors continue to monitor the trade conflict between th...
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Escalation of the Trade Conflict Continues. The US Dollar Is Still Under Pressure
2023.07.04
Tensions in world trade are still in the spotlight. The British pound was under pressure after the publication of weak economic releases. Oil quotes are recovering. We expect important statistics from...
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US-Beijing Trade Conflict Is Still in the Spotlight
2023.07.04
The escalation of the trade conflict continues. It became known that Beijing intends to use rare-earth metals as a leverage of pressure in the trade war with the US. The Bank of Canada left interest r...
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The US Dollar Is in the Red due to Weak Labor Market Data
2023.07.04
On Friday, the US dollar fell against a basket of major currencies due to a weak report on the US labor market. The US and Mexico concluded a migration agreement at the end of last week, preventing a...
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The US Dollar Is Still Under Pressure. Investors Expect NFP
2023.07.04
Financial market participants follow events concerning US trade negotiations with China and Mexico. Also, investors expect a report on the labor market in the US for May. The ECB, as expected, kept th...
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Demand for Risky Assets Has Declined. The Bank of Canada Meeting Is in the Spotlight
2023.07.04
Demand for risky assets declined as investors remain cautious due to trade conflicts. Optimistic economic data also supported the US currency. The "black gold" prices have been declining. The Bank of...
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Financial Market Participants Have Taken a Wait-and-See Attitude
2023.07.04
The US currency is still under pressure due to investors' concern over the escalation of the trade and technological conflict between the US and China.
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The Dollar Index Has Moved Away from Local Lows. Trade Tensions Are still High. We Expect the ECB Meeting
2023.07.04
Investors are monitoring the situation in world trade. Today, the financial market participants are focused on the ECB meeting. The "black gold" prices recovered part of the losses after a sharp colla...
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The Dollar Index Has Become Stable. Potential for Further Correction Is Still High
2023.07.04
The dollar index (#DX) has updated local lows. Demand for the greenback has weakened. The potential for further correction is still high. Today the publication of important economic releases is not pl...
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