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TRY: Restart of cutting cycle is here – Commerzbank
The Turkish central bank is likely to return to the cutting cycle today after tightening conditions in March and April. We expect a 250bp cut to 43.50% in line with market surveys. However, expectations are tilted towards a larger rate cut.Fxstreet
Thu, Jul 24
EUR/GBP hits session highs at 0.8680 on upbeat Eurozone PMIs, trade deal hopes
The Euro is posting moderate gains on Thursday, after bouncing from 0.8640 on Wednesday, but remains trapped within the weekly range, with investors awaiting details of a widely expected trade deal with the US, and the outcome of the European Central Bank’s meeting.News reporting that Eurozone and U
Fxstreet
Thu, Jul 24
Eurozone Preliminary Manufacturing PMI edges higher to 49.8 in July as expected
The Eurozone manufacturing sector remained in contraction, while the services sector expanded in July, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.Fxstreet
Thu, Jul 24
S&P Global PMIs set to show ongoing US economic strength in July
S&P Global will release on Thursday its preliminary July Purchasing Managers' Indices (PMIs) for the United States, based on surveys of top private sector executives, to provide an early indication of economic momentum.Fxstreet
Thu, Jul 24
Silver Price Forecast: XAG/USD downside attempts remain contained above $38.75
Silver (XAG/USD) is trading lower for the second consecutive day on Thursday, as the risk-on mood weighs on demand for the safe-haven precious metals, but the pair has a significant support at the $38.75 area (July 22 lows), which is keeping the bullish structure in place so far.News that the EU is
Fxstreet
Thu, Jul 24
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