Nicola
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BoE's Ramsden: Risks to persistence in domestic inflation pressures are receding
"I have become more confident in the evidence that risks to persistence in domestic inflation pressures are receding," Bank of England Deputy Governor Dave Ramsden on Friday, per Reuters. "There are likely to be bumps in the disinflation process from one month to the next," Ramsden added and said th
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USD/JPY jumpy as Japan’s core CPI eases
The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down 0.04%. Japan’s core CPI falls to 2.6% Japan’s nationwide CPI, which excludes fresh food, rose 2.6% y/y in Marc
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Spain Trade Gap Narrows Slightly
Spain's foreign trade deficit decreased somewhat in February from a year ago as imports fell slightly faster than exports, preliminary data from the Economy Ministry showed on Friday. The trade deficit dropped to EUR 2.4 billion in February from EUR 2.5 billion in the corresponding month last year.
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GBP/JPY holds below 192.00 following UK Retail Sales data
GBP/JPY loses momentum around 191.65, down 0.31% on the day. The UK Retail Sales came in at 0% MoM in March from a 0.1% rise in the previous reading, weaker than expected. The report that an Israeli missile has hit Iran lift the Japanese Yen against the Pound Sterling. The GBP/JPY cross edges lower
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Friday's Silver selloff may have actually been great news for silver bulls!
Silver endured a significant selloff last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls. The spot price of silver fell from just over $29.60 per ounce to just under $27 before
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NZD/JPY Price Analysis: Negative momentum gains traction, broader outlook still positive
The daily chart RSI signals NZD/JPY's shift towards negative momentum. Hourly RSI reveals an oscillating pattern in oversold territory, indicating increasing bearish pressure. The NZD/JPY declined to 90.95 on Friday, marking a decrease of 1%. Sellers have gained significant ground and hourly indicat
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Dow Jones Industrial Average dips into losses as market sentiment falters
Wall Street turns lower with investors turning cautious ahead of US CPI release. US inflation is expected to show mixed readings with levels well above the Fed’s 2% core target rate. The Dow Jones Index has found support at 38,540, although broader bias remains negative. The Dow Jones Industrial Ave
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