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GBPUSD Rallies on Soft US NFP as Traders Eye Thursday CPI for Further Dollar Weakness | InvestingLive | Login to see the signal | |
GBPUSD erased all the losses following the soft NFP report. What's next?SummaryGBPUSD rallied after a soft U.S. NFP drove USD weakness and boosted dovish Fed rate-cut bets; pound also supported by hotter UK inflation. Technicals show bounce from 1.3368, resistance near 1.3590, with buyers on the 4h trendline. Key catalysts: US PPI, CPI, jobless claims, UK GDP. |
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EURUSD Threatens Breakout as Soft NFP and Dovish Fed Bets Weaken the USD | InvestingLive | Login to see the signal | |
EURUSD is threatening a breakout of the month-long rangeSummaryEURUSD nudged higher after USD weakness following a soft NFP, as markets price multiple Fed cuts. EURUSD threatens a range breakout with technical buyers above resistance; ECB neutrality and French political noise may cause intraday swings. Key catalysts: US PPI, CPI, ECB decision. |
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