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USD and EUR will get attention this week as traders anticipate the Fed’s May decision, U.S. April NFP, and inflation and GDP data from the euro region!
Public central bank comments, easing Middle East tensions prompted our strategist to focus mainly on the Greenback and European currencies this week.
Safe haven currencies took L’s this week as weaknesses for USD and JPY got mixed with strong data releases from major economies.
A fresh batch of PMI releases and central bank member speeches have encouraged a repricing of interest rate expectations in the markets!
Consistently profitable trading requires focus, so you’ll need your mind and body in top form to execute your strategies flawlessly.
The Japanese central bank kept interest rates on hold at <0.10% as expected while maintaining forecasts for next year's growth and inflation figures.
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