Titus
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Fed's Goolsbee: We hit an inflation bump this year, now we wait
Chicago Federal Reserve (Fed) President Austan D. Goolsbee added his voice to the procession of Fed officials commenting on interest rates and inflation on Friday. Chicago Fed President Goolsbee spoke at the Economic Club of Minnesota. Key highlights Fed's 2% inflation target acts as an anchor on ex
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UK economy bounces back from recession
There is more good news for the UK economy this week, GDP for Q1 was higher than expected at 0.6%, the market had expected a reading of 0.4%. This is the strongest rate of growth since Q4 2022, and GDP per capita also rose for the first time in seven quarters. The interesting part of this report was
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EUR/JPY Price Analysis: Bulls maintain the reign and step over the bears
Indicators on the daily chart show a consistent rise in bullish momentum. On the hourly chart, the RSI reflects a more volatile picture with general positivity, yet the MACD shows a lack of sustained buying traction. The EUR/JPY pair continues to exhibit strong momentum, displaying gains of 0.55% on
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Softer growth, cooler inflation and rate cuts remain on the horizon
Economic growth in the United States appears to be in solid shape. Although real GDP growth came in well below consensus expectations and amounted to just 1.6% annualized in Q1-2024, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories. Real final sales
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USD/JPY rises to near 154.00 amid improved US Dollar
USD/JPY gained ground due to an upward correction in the Greenback The US Dollar could face challenges due to rekindled hopes for rate cuts by the Fed in 2024. The safe-haven Japanese Yen depreciates amid the prevailing risk appetite. USD/JPY extends gains for the second successive session, trading
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NZD/USD Price Analysis: Bullish swing in motion, bearish upturn still possible
The daily RSI and MACD show a growing bullish momentum. The hourly chart RSI reveals a possible slowdown in growing buying traction. The NZD/USD still lags behind other main SMAs, potentially pointing to a long-term bearish prospect. The NZD/USD pair is seen exhibiting a minor decline, dropping towa
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CAC 40 Gains On US Rate Cut Optimism
French stocks were slightly higher on Monday as optimism over interest rate cuts returned to the fore, following weaker-than-expected U.S. jobs data released on Friday. Also helping underpin sentiment, the latest HCOB PMI data produced by S&P Global showed that the French services economy began
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European Shares To Rise After Apple's Record $110 Billion Buyback
European stocks may open on a buoyant note Friday as investors cheer Apple's strong earnings report. The manufacturer of the iPhone and other devices announced the largest ever share buyback in U.S. history after revenue and earnings beat analysts' estimates, driven by record-high Services revenue.
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