Margaret
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UK confirms move into a technical recession
Notes/observations - UK Q4 GDP data confirmed the country’s 1st recession in almost four years. - Fed officials continue to express need shallower and later rate cuts. - Markets prepare go into the Easter holiday mode. Asia - BOJ Summary of Opinions for March judged that price stability target would
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Fed's Cook: There are risks to easing policy too much or too soon
"There are risks to easing policy too much or too soon as well as too late," Federal Reserve Governor Lisa Cook said on Monday, per Reuters. Key takeaways "Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain strong labor market." "Ris
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AUD/USD finds some support above the 0.6500 mark, Australian CPI data eyed
AUD/USD trades on a weaker note near 0.6512 in Monday’s early Asian session. Fed’s Powell said officials want to feel more confident that inflation is headed toward the central bank’s 2% target before cutting the rates. The further positive development surrounding Chinese macro policy could lift the
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GBP/JPY plummets from eight-and-a-half-year high [Video]
GBPJPY may rest near 190.00 round number. MACD and RSI confirm bearish retracement. Broader outlook looks strongly bullish. GBPJPY is retreating after the pullback off the eight-and-a-half-year high of 193.55 and is moving towards the short-term ascending trend line. According to technical oscillato
Pull-up Update