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Americans' Economic Confidence Improves From Fall
Americans' view of the U.S. economy remains negative but improved in 2024 from last year, according to Gallup's Economic Confidence Index. The Index is at -20 in March, similar to the -22 found in February but sharply higher than the readings near -50 measured last fall. The index is currently at it
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Dollar Pares Early Losses, Rises Marginally Against Major Counterparts
The U.S. dollar extended recent weakness during the Asian and European sessions on Tuesday, but recovered slowly and managed to score gains against most of its major counterparts by the end of the day. The dollar slipped earlier in the day with investors turning cautious, looking ahead to some key U
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US Durable Goods Orders expanded more than expected in February
Durable Goods Orders rose by 1.4% MoM last month. The Greenback remains on the defensive so far. On Tuesday, Durable Goods Orders in the United States expanded by 1.4%, or $3.7 billion, to $277.9 billion in February according to the Census Bureau. This reading followed the 6.9% decrease recorded in
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Soft monetary policy outlook to boost commodity appetite [Video]
Nikkei index is mostly flat on Tuesday and the yen consolidates above 151 following yesterday’s threat from a Japanese official about a potential intervention to stop excessive bleeding in the yen. The dollar index gave back field yesterday and the S&P500 consolidated near ATH. Super Micro Compu
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BoJ Minutes: Rising likelihood of hitting inflation target
The Bank of Japan (BoJ) Board members shared their views on inflation and monetary policy outlook, per the BoJ Minutes of the January meeting. Key quotes “Members agreed on the rising likelihood of hitting the Bank's inflation target, the prospect of doing so was gradually rising.” “Virtuous cycle o
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Silver (XAG/USD) should continue to extend higher [Video]
Short term Elliott Wave view in Silver (XAG/USD) suggests that rally from 1.22.2024 low is in progress as a 5 wave impulse. Up from 1.22.2024 low, wave 1 ended at 23.32 and pullback in wave 2 ended at 21.94. Up from there, wave ((i)) ended at 23.49 and wave ((ii)) ended at 22.25. Wave ((iii)) higher
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PBOC Deputy Governor: There still room for cutting RRR
People's Bank of China (PBOC) Deputy Governor said on Thursday that “there is still room for cutting the Reserve Requirement Ratio (RRR). Further comments Will promote effective investment, help resolve excess capacity. China's monetary policy has ample room. Will keep Yuan basically stable. Expect
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Probable Fed rate cut delay – US inflation and US Retail Sales up
Previous week’s events (week 11 - 15.03.2024) US economy According to the reports for PPI and Retail Sales in the U.S., Producer prices experienced a jump and retail sales were reported to grow. The U.S. stocks dropped, chipmaker stocks extending losses for a second day as expectations that the Fede
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Pull-up Update