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Quiet start to the week, but picks up in the coming days, ahead of the main events next week
Good morning  Well its been a few days since my last report and It feels like a lot has happened in that time. Thursday I went under...
revansfx
Jul 22, 20243 min read
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GBP higher after UK inflation numbers, GBPUSD finally breaks 1.3000
Good morning A stronger than expected US retail sales number pushed the US dollar a touch higher yesterday, GBOUSD traded down from...
revansfx
Jul 17, 20244 min read
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GBPUSD fails to break 1.3000 so far, Powell remains cautious on rates but September still looks likely for a Fed rate cut
Good morning Currency markets all pretty calm for the time being although as I mentioned yesterday we do have quite a few major data...
revansfx
Jul 16, 20244 min read
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GBPUSD so close to breaking 1.3000 for first time in a year
Good morning Well, England came close, again, but as we’ve seen a few times before, were just unable to get over the final hurdle. Euro...
revansfx
Jul 15, 20242 min read
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Softer US inflation sends USD lower, looks like Japan took advantage
Good morning The long-awaited US inflation data was released yesterday, coming in a smidge softer than expected at 3.0% headline and 3.3%...
revansfx
Jul 12, 20244 min read
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BoEs Pill gives GBP a boost, markets await US CPI
Good morning GBP got a boost yesterday as BoEs Pill came across far more balanced than had been expected from someone who has been...
revansfx
Jul 11, 20243 min read
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Powell not so dovish but door open for a September cut, tomorrows US CPI release hugely important
Good morning Feds Powell testified to Congress yesterday, not quite as dovish as some would have hoped, making it clear the Fed are...
revansfx
Jul 10, 20243 min read
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Will Powell open the door for a Fed rate cut in September ?
Good morning Well yesterday was another fairly quiet day, the key highlight being a bit of GBP strength against both USD and EUR. GBPUSD...
revansfx
Jul 9, 20243 min read
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Downward revisions to nonfarms keep USD under pressure, while France swings from right to left
Good morning US dollar continued to weaken after Friday’s nonfarm payrolls. On the face of it, the headline looked decent at +206k...
revansfx
Jul 8, 20243 min read
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Labour are in and it's raining. Looking forward to nonfarms and weekend sport
Good morning Well it’s no surprise that headlines are focussed on Labour’s landslide victory in the general election. The turnout was...
revansfx
Jul 5, 20243 min read
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US Independence Day means quiet markets, nonfarms tomorrow could liven things up
Good morning The US dollar weakened yesterday afternoon, helped along by yet another soft PMi reading, this time in the form of the ISM...
revansfx
Jul 4, 20242 min read
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US Independence Day tomorrow adds to holiday feel in markets, will Japan use illiquid markets to intervene?
Good morning There is something of a weird holiday feel to the markets even though the schools haven’t broken up yet. I guess it has...
revansfx
Jul 3, 20244 min read
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USD finds support despite weak ISM data
Good morning Yesterdays release of the US ISM PMI saw another weaker than expected result which initially sent USD running for cover. ...
revansfx
Jul 2, 20243 min read
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The right-wing comes good after all. That's where England's goals came from...
Good morning I’m back from holidays, and what a marvellous holiday it was. It seems a long time since I’d felt real warmth from the sun,...
revansfx
Jul 1, 20245 min read
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GBPEUR higher, for once at a decent level before my holiday. See you in a couple of weeks
Good morning US inflation back on Wednesday came in lower than expected, leading to a bout of USD weakness that saw GBPUSD trade up to...
revansfx
Jun 14, 20245 min read
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Big day ahead with US inflation and then Fed rate announcement
Good morning I was right when I said yesterday could well be quiet. We did see a little USD strength through the afternoon which dragged...
revansfx
Jun 12, 20244 min read
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Currency markets steady as EU digests election results, big data day tomorrow
Good morning After all the excitement from Friday and over the weekend, yesterday was a picture of relative calm. GBPUSD traded to...
revansfx
Jun 11, 20242 min read
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US nonfarms stronger, EU in election turmoil, GBPEUR breaks higher
Good morning For the first time I can remember there are no major economic releases on the calendar today. However this doesn’t mean...
revansfx
Jun 10, 20242 min read
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ECB cut rates 25bps as expected, eyes now on US employment data
Good morning Well I’ve been out and about for the past couple of days, what did I miss? BoC and ECB both cut rates 25bps, you’d be right...
revansfx
Jun 7, 20244 min read
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USD lower again on weak US data
Good morning A weaker ISM manufacturing PMI out of the US yesterday sent USD running for cover, with GBPUSD trading up to 1.2815...
revansfx
Jun 4, 20243 min read
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