Market Overview
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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The US Dollar Is Still Under Pressure
2023.07.04
The dollar index shows negative dynamics. Investors believe that the Fed is ready to consider lowering interest rates, if necessary. The "black gold" prices are consolidating. We expect important econ...
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The Dollar Index Has Moved Away from Two-Year Highs
2023.07.04
The US dollar weakened against a basket of world currencies. The greenback is under pressure due to the trade war and the fall in the US government bond yield. Oil quotes are recovering after a sharp...
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Elections to the European Parliament Are in the Focus of Attention
2023.07.04
Demand for the greenback is still high. Financial market participants are focused on elections to the European Parliament. The British pound is still under pressure. The bearish sentiment prevails in...
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