CrankyCocoon
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Forget resilience, consumers defiant in February splurge
Summary Nominal consumer spending shot up by the most in a year in February. Consumers are primarily deploying their outlays in the service sector and that is problematic because it is disrupting progress in bringing down service price inflation. Amid spending surge, where's the incentive to lower p
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GBP consolidates amid concerns over economic growth and wage trends
The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for workforce and wage growth, raising concerns about future economic dynamics and inflationary pressures
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Equities report: EU Commission comes out guns blazing
We note that all three major indexes moved higher since last week, yet we continue to note some difficulty for the indexes to convincingly reach higher highs on the regular. In the current report, we aim to shed light on the fundamentals for US equity markets as a whole, but also particular issues f
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Dollar pushes higher as S&P 500 set for 5th monthly gain
Yesterday was a slow day in terms of data and information flow and a strong day in terms of meme trading and speculation, as Donald Trump’s Truth Social flew with its own wings for the first time yesterday, following last week’s successful merger with DWAC. Trump’s Media and Technology Group rose up
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Gold Price is gradually coming the next trend for Gold
#XAU/USD# ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: During Wednesday's Asian session, there is a noticeable interest in buying gold (XAU/USD) at a lower price. This has temporarily halted the downward movement that occurred towards the end of the previous day, just as it
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USD/TWD to head lower, back below 31.00 by year-end – Commerzbank
Taiwan’s central bank, the Central Bank of the Republic of China (CBC), hiked by 12.5 bps to 2% last Friday, the highest level since 2008. Economists at Commerzbank anlayze USD/TWD after the decision. CBC’s action and watchfulness over inflation should provide some support for TWD near term We don’t
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EUR/USD Price Analysis: The initial support level is seen at the 1.0800 mark
EUR/USD gains momentum around 1.0817 in Monday’s early European session. The pair keeps the bearish vibe below the key EMA; RSI momentum indicator lies below the 50-midline. The initial support level is seen at 1.0800; the immediate resistance level will emerge at 1.0870. The EUR/USD pair trades on
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Pull-up Update