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Eurozone Preliminary Manufacturing PMI drops to 45.6 in April vs. 46.5 expected
Eurozone Manufacturing PMI fell to 45.6 in April, missing 46.5 consensus. Bloc’s Services PMI climbed to 52.9 in April vs. 51.8 forecast. EUR/USD eases from near 1.0700 after German, Eurozone PMI data. The Eurozone manufacturing sector activity contraction unexpectedly deepened while the services se
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Trading the week ahead [Video]
This week's economic calendar is poised to provide several notable trading opportunities. We kick off with a focus on the divergence between the US and Canadian economies, highlighted by recent jobs data that boosted the US dollar while putting pressure on the Canadian dollar, creating a favourable
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Geopolitical conflict threatens yet another shipping choke point
Global shipping routes are already heavily impacted from the Red Sea to the Gulf of Aden because of ongoing geopolitical strife. If the Strait of Hormuz is in any way disrupted, the impact on oil and global trade could be huge. It's a stark fact: more than 80% of global goods trade is transported by
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EUR/USD: Euro on defense mode but geopolitical risk could put the 1.0600 under challenge
The single European currency tries to react in the early trading hours of the new week and defend the level of 1,06 after Friday's sharp losses. Last week ended with significant losses for the European currency as hot inflation in the United States and heightened geopolitical concerns drove the US d
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NZ dollar rises as RBNZ pauses
The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%. RBNZ holds rates, says economy weak There was little drama from the Reserve Bank of New Zealand’s meeting on Wednesday, as the dec
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We’ll get some more views of central bankers today and they could spark some intraday movement
Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat f
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