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BoJ’s Noguchi: Main scenario is that future rate hikes are likely to be slow
Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “main scenario is that future rate hikes are likely to be slow, but that depends on economic data.” Additional quotes Will take into account cost-driven inflation and policy adjustment if higher wages lead more to higher prices
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Morning briefing: Euro has managed to bounce from 1.0600 and could rise to 1.0700/0750
Good Morning! The US Dollar faced selling pressure near 106.50 while the Euro has managed to bounce from 1.06 and could rise to 1.07/0750. EURJPY could trade within 165-162 region while USDJPY needs to hold above 154 else can decline towards 153/152 soon. Aussie and Pound have managed to bounce from
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GBP/USD remains capped below 1.2470, eyes on US data
GBP/USD edges lower to 1.2450 in Thursday’s early Asian session. Further easing in UK inflation data prompted the expectation that the BoE will start lowering interest rates this year. Fed Chair Jerome Powell said he will wait longer than previously expected to cut rates after unexpectedly upside in
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AUD/JPY Price Analysis: Bulls must regain the 20-day SMA to avoid further losses
The daily RSI for the AUD/JPY demonstrates a modest uptrend, maintaining above the middle ground. The Hourly chart reveals mixed sentiment, with frequent RSI changes and negative momentum portrayed by the MACD bars. The 20-day SMA at 99.30 is the main target for the bulls. The AUD/JPY showed a stron
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EUR/USD Price Analysis: Holds above psychological level of 1.0600 amid a bearish sentiment
EUR/USD could test the support at the psychological level of 1.0600. The pair could extend losses to November’s low at 1.0516 as Technical analysis suggests a bearish confirmation. The area around the major level of 1.0650 and the 23.6% Fibo level of 1.0672 appears as the resistance zone. EUR/USD co
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Worst is over in German manufacturing sector
In 2023, Germany's economy fared the worst among major economies, with GDP declining by 0.3% year-on-year and industrial production dropping by 2.5% compared to 2021. This can be attributed to its heavy reliance on manufacturing, past reliance on Russian gas, weak construction sector, and reduced gl
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ECB SPF survey: Eurozone inflation seen falling to 2.0% this year
The findings from the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) showed on Friday that all inflation forecasts across the time horizons are left unchanged from the previous round of the poll conducted three months earlier. Key takeaways Inflation is seen at 2.4% this year
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Czech Inflation Remains Stable At 2.0%
The Czech Republic's consumer price inflation held steady at the end of the first quarter, data from the Czech Statistical Office showed on Wednesday. Consumer prices climbed 2.0 percent year-over-year in March, the same as in February. Meanwhile, economists had expected inflation to moderate slight
Pull-up Update