Clemens
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April CPI preview: The clock is ticking for a September cut
Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to demonstrate that while inflation is n
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USD extends gains as investors shrug off Fed optimism
Yesterday was one of those days where we needed to fit a narrative to the market moves as the moves weren’t triggered by meaningful data or comments. The US 2-year yield was steady near the 4.80% level, the stocks were slow to move, the S&P500 traded slightly up, Nasdaq 100 came slightly down. F
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AUD/USD hits one-month high, RBA decision next
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia meets on Tuesday and is widely
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European Shares Gain On Solid Data, Rate Cut Hopes
European stocks eked out modest gains on Monday as weaker-than-expected April U.S. jobs report released on Friday boosted the case for rate cuts by the third quarter. Closer home, media reports quoted European Central Bank Chief Economist Philip Lane as saying that inflation is returning to the targ
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Pull-up Update