Birrell
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Hawkish Fed? Wait a minute...
#USD/CAD# Fundamentals & Sentiment USD: - USD is overbought according to CFTC, and CAD is oversold; Even if the buck is going higher in the medium term, it's time to cover some longs! - love USD short exposure in case of BoJ intervention CAD: - Inflation Expectations Differential -
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WTI holds below $82.00 on easing Middle East tensions, hawkish Fed
WTI loses momentum to nearly one-month lows of $82.00 on Tuesday. Easing tensions between Israel and Iran limits the WTI’s downside. A large build in the US stockpile in recent weeks and a hawkish Fed weigh on the black gold. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading a
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UK Retail Sales prints 0% MoM in March vs. 0.3% expected
The UK Retail Sales arrived at 0% MoM in March, miss estimates. Core Retail Sales for the UK drops 0.3% MoM in March. GBP/USD stays weak near 1.2400 after mixed UK data. The UK Retail Sales came in at 0% over the month in March vs. 0.3% expected and 0.1% in February, the latest data published by the
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Markets hit by tech and geopolitics, weekend risk if Iran retaliates
General trend -Tech-focused news on Taiwan Semi leading chip-relateds down in Asia was interrupted by reports of explosions in multiple Middle East countries; Iran, Iraq and Syria, including in Isfahan, south of Tehran, home to one of Iran's major nuclear facilities. Adding to the tensions were thre
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Forex Today: The Dollar’s pause allowed some respite in the risk complex
The Greenback saw its recent rally run out of steam, prompting a corrective move in the USD Index (DXY) and some recovery in the risk-linked galaxy amidst persistent geopolitical concerns and a firm conviction of an ECB rate cut in the summer. Here is what you need to know on Thursday, April 18: The
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NZD/USD drops to fresh below 0.5900 on hawkish Powell and risk-off markets
Fed Powell warns about sticky inflation and sends the US Dollar higher. The frail market sentiment on concerns about the Middle East conflict is weighing on the risk-sensitive Kiwi. Investors' focus is now on the New Zealand CPI data, due later on Tuesday. The risk-averse sentiment on concerns about
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GBP/JPY Price Analysis: Range-bound tilted upwards around 192.00
GBP/JPY climbs 0.60%, nearing the 192.00 resistance as the Japanese Yen weakens. The pair has fluctuated between 190.00 and 193.00 for 17 days, with significant moves restricted by crucial technical points. Possible intervention from Japanese authorities may drive GBP/JPY down, aiming for initial su
Pull-up Update