Carpenter
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EUR/USD: Additional gains back above 1.0800 in the session would be supportive of a mild rebound – Scotiabank
EUR/USD is edging off its intraday low open but remains below 1.0800. Economists at Scotiabank analyze the pair’s outlook. Resistance is seen at 1.0845/1.0855 EUR/USD losses have edged off the intraday low at 1.0775 and short-term price signals are leaning bullish as a result. The six-hour chart ref
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Singapore Producer Price Inflation Accelerates
Singapore's producer price inflation accelerated in February amid an increase in the non-oil index, data from the Department of Statistics showed on Thursday. The manufacturing producer price index climbed 2.2 percent year-on-year in February, faster than January's 1.8 percent rise. The non-oil inde
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U.S. New Home Sales Unexpectedly Dip 0.3% In February
New home sales in the U.S. unexpectedly decreased in the month of February, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales dipped by 0.3 percent to an annual rate of 662,000 in February after jumping by 1.7 percent to a revised rate o
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Markets Muted Amidst Wait For PCE Data, Powell Speech
Sentiment across world markets remains muted amidst an absence of positive catalysts as well as escalating geopolitical tensions. PCE-based inflation readings from U.S. due on Friday as well as Fed Chair Jerome Powell's speech on Friday kept markets on tenterhooks. Wall Street Futures indicate minor
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ECB's Panetta: Growing consensus within policymakers on possible rate cut
European Central Bank (ECB) executive board member Fabio Panetta said on Monday that the inflation in the Euro area was quickly declining toward the 2% target and added that the inflation trend was making a rate cut possible, per Reuters. "The consensus emerging - especially in recent weeks - within
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