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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too [Video]
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the euro. Chinese PMIs and New Zealand employment to be watched too. Will the Fed put rate cut hopes in more peril? The upcomin
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U.S. Crude Oil Inventories Unexpectedly Pull Back Sharply
Crude oil inventories in the U.S. unexpectedly pulled back sharply in the week ended April 19th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories plunged by 6.4 million barrels last week after jumping by 2.7 million barrels in t
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Silver Price Analysis: Silver price finds floor but is still at risk of more weakness
Silver price finds support at $26.70 but remains at risk of further weakness. It formed a pattern on the 4-hour chart after touching the top of a four-year consolidation at $30.00. XAG/USD has fallen to an initial target but is vulnerable to further declines – support is at $25.80. Silver (XAG/USD)
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Poland Retail Sales Growth Stable At 6.1%
Poland's retail sales expanded at a steady pace at the end of the first quarter, figures from Statistics Poland showed on Tuesday. At constant prices, retail sales climbed 6.1 percent year-on-year in March, the same pace as in February, which was the quickest growth in twenty one months. The expecte
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AUD/USD trading higher despite USD strength as commodities hold value
AUD/USD trades marginally higher versus the USD on easing Middle East tensions. Higher commodity prices, especially amongst metals of which Australia exports are also supportive. Aussie CPI data for Q1 and US PCE inflation data are likely to be the main movers in the week ahead. AUD/USD is trading h
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USD/JPY reaches monthly high, threatens breakout on USD “impregnability”
USD/JPY inches towards April high as Japanese Yen loses safe-haven appeal amidst easing Middle East tensions. Geopolitical risks have not gone away completely, new Omicron variant an outside threat. Friday is likely to be a big day for USD/JPY with the BoJ meeting and US PCE inflation data. The USD/
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USD/CHF gathers strength above 0.9100 amid hawkish Fed remarks
USD/CHF holds positive ground near 0.9115 in Monday’s early Asian session. Many Fed officials prefer to wait longer than previously anticipated to cut rates amid the elevated inflation, lifting the Greenback. SNB Chairman Thomas Jordan said monetary policy should remain focused on price stability. T
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WTI Oil in focus this week
Amid tensions in the Middle East, potentially disrupting oil supplies, the oil complex is an interesting market to keep an eyeball on at the moment. As of writing, escalation between Iran and Israel has been limited following attacks from both sides earlier this month. What is reasonably clear is th
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NZD/USD Eyes Upside Momentum with 1D PP Support in Focus
#NZD/USD# Hello Everyone, The NZD/USD pair has been testing yearly support levels extensively and appears to be on an upward trajectory now. The next crucial step is for the 1-day pivot point (PP) to serve as a support, confirming potential further gains. TradeWithTheTrend3344
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Fed’s Bostic: Rate cuts are likely by year end
Speaking at the Greater Fort Lauderdale Alliance in Florida on Thursday, Atlanta Federal Reserve Bank President Raphael Bostic noted that U.S. inflation is anticipated to return to 2% at a slower pace than many had anticipated. Key Quotes Inflation is too high We still have a ways to go on inflation
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