Trevelyan
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UK Car Production Surges 14.6% On Domestic Demand: SMMT
Car production in the United Kingdom grew for the sixth successive month in February amid strong demand in the domestic market, data from the Society of Motor Manufacturers and Traders, or SMMT, showed on Thursday. Total car production climbed 14.6 percent year-over-year, which was the best February
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GoId - UPDATE - 28 - 03 - 2024
#XAU/USD# "Investors are eyeing an opportunity with a target price (TP) set at 2209, coupled with a stop-loss point at 2177.500, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders a
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Indonesia Stock Market May Open Under Pressure On Wednesday
The Indonesia stock market on Tuesday snapped the three-day winning streak in which it had gathered almost 50 points or 0.8 percent. The Jakarta Composite Index now sits just above the 7,365-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets is mixed
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CHF/JPY Technical: On the brink of a potential major bearish breakdown (CHF weakness)
The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY. CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR. Watch the 169.00 key short-term resistance on CHF/JPY with key support coming in at 166.55. This is a follow-up analysis of o
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Japan’s Suzuki won't rule out steps to address disorderly FX moves
Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Tuesday. Suzuki said it’s important for currencies to move in a stable manner reflecting fundamentals and he will closely watch foreign exchange moves with a high sense of urgency. Key quotes “Important for currencies to m
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GBP/USD rebounds on subdued US Dollar, inches higher to near 1.2600
GBP/USD gains ground as the Greenback weakens on speculations of a Fed rate cut in June. The higher US Treasury yields could have provided support for the US Dollar. Fitch Ratings revised the UK's sovereign credit outlook to stable from negative last Friday, affirming its sovereign credit rating at
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Inside the currency market: Imports, exports and inflation
Imports vs exports. X = Imports. Y = Exports. Correlation + 75%. R 2 = +57%. P Values 0.003151. Significant at less than 0.05, Less than 0.01, Less than 0.10 Z Score = -2.73 Imports vs inflation. Y = Inflation. X = Imports. Correlation = – 30%. R2 = 0.0957 P Value = 0.304289. Not significant at 0.01
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GBP/JPY Price Analysis: Retreats from nine-year peak below 191.00
GBP/JPY retreats to 190.69, down 0.61%, missing the 194.00 psychological level. Uptrend signaled, with 190.75 support possibly curbing losses. Overcoming 191.00 resistance key to approach near 193.00 highs. The GBP/JPY retreats deeper below the 190.00 figure after hitting a 9-year high of 193.55, as
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Pound Sterling weakens on dismal market sentiment, higher prospects of BoE rate cut
The Pound Sterling tumbles on increasing expectations that the BoE will opt for interest-rate cuts later this year. BoE Mann’s support for keeping interest rates unchanged in March boosted BoE rate cut prospects. UK Retail Sales data for February came in better than expected, although signaling litt
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Bank of England review: Gearing up for a June cut
At today's monetary policy meeting the BoE left the Bank Rate unchanged at 5.25% as widely expected. The BoE delivered a dovish twist to its forward guidance and general communication. This marks an important first step to an eventual cutting cycle. EUR/GBP moved slightly higher on the dovish vote s
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GBP/USD should stay bid and perhaps push up to resistance in the 1.2850/1.2900 area – ING
Economists at ING analyze how the Bank of England (BoE) meeting could impact the Pound Sterling (GBP). Unchanged forward guidance can help the Pound We do not expect the BoE to change its forward guidance today. And assuming the MPC voting pattern remains the same as February, 2 (hike), 6 (unchanged
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