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GBP/JPY flounders near 192.00 after suspected BoJ interventions flatten markets
GBP/JPY lethargic near 192.00 handle. Overactive BoJ financing reports tips hat towards FX intervention. Coming up next week: BoE rate call, UK GDP. GBP/JPY is trading flat near the 192.00 handle after the Bank of Japan (BoJ) is suspected of directly intervening in FX markets to prop up the battered
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Sensex, Nifty Seen Opening Up On Wall Street Cues
Indian shares look set to open higher on Friday as investors react to firm global cues and the latest batch of earnings results from prominent companies such as Adani Enterprises and Coal India. Meanwhile, Apple announced a record share buyback program and increased cash dividend after quarterly res
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NZD/USD Price Analysis: Trades near nine-day low around 0.5900 ahead of Fed’s policy
NZD/USD recovers intraday losses but uncertainty remains with eyes on Fed’s policy announcement. The Fed may emphasize maintaining interest rates higher for a longer period. NZ Q1 wage growth rose expectedly while labor demand weakens. The NZD/USD pair trades close to a nine-day low slightly below t
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US Dollar gains momentum following strong employment and confidence data
The Two-day FOMC meeting kicks off on Tuesday with a hold priced in for Wednesday’s interest rate decision. US consumer sentiment declined in April, while Q1 Employment Cost Index increased. Hawkish bets on the Fed continue to favor the USD. The US Dollar Index (DXY) is presently trading higher at 1
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Sensex, Nifty Modestly Higher; Auto Stocks Climb
Indian shares traded slightly higher on Tuesday, tracking firm cues from global markets. A cautious undertone prevailed as investors awaited the Fed policy meeting and the release of latest U.S. jobs report this week for additional cues on the Fed's rate trajectory. The benchmark S&P BSE Sensex
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USD/CAD posts modest gains above 1.3650 ahead of Canadian GDP data
USD/CAD trades on a stronger note near 1.3665 on Tuesday. The FOMC is widely expected to hold rates steady in its current 5.25%–5.50% range on Wednesday. The further downside of oil prices weighs on the commodity-linked Loonie. The USD/CAD pair posts modest gains around 1.3665 on Tuesday during the
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GBP/USD consolidates its gains above 1.2550, investors await Fed rate decision
GBP/USD takes a breather around 1.2560 in Tuesday’s early Asian session. The US Fed is expected to hold rates steady at its May meeting on Wednesday. Investors reduce their bets on BoE rate cuts, which support the Cable. The GBP/USD pair consolidates its gains near 1.2560 after flirting with the key
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We continue to smell that the Fed really does not want to leave rates on hold all year
Outlook The calendar is chock-full this week (eurozone CPI, payrolls on Friday) but the biggie will be the Fed meeting on Tuesday and Wednesday and the degree of hawkishness perceived in Mr. Powell’s press conference, if not the post-meeting statement itself. We may have gotten the data wrong on Fri
Pull-up Update