Melville
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Canadian dollar dips as retail sales fall
The Canadian dollar is in negative territory on Wednesday after a five-day winning streak in which it gained 1.1%. In the North American session, USD/CAD is trading at 1.3703, up 0.29%. Canada’s retail sales down in February Canadian consumers are holding tight on the purse strings as spending has b
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German Consumer Sentiment To Rise In May
German consumer confidence is set to rise again in May, survey conducted by the market research group GfK and the Nuremberg Institute for Market Decisions (NIM) showed on Thursday. The forward-looking consumer sentiment index rose to -24.2 in May from revised -27.3 in April. The reading was expected
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AUD/JPY Price Analysis: Bulls steer the market towards 101.00, its highest since 2014
The daily RSI of the AUD/JPY continues its uphill journey, nearing overbought territory, amplifying buying traction. Hourly indicators are also strong, with no signs of bears. A healthy correction shouldn't be ruled out. The AUD/JPY market showcases an increasingly bullish trend. The cross stabilize
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U.S. Stocks Set To End On Firm Note Again
U.S. stocks are up firmly in positive territory Tuesday afternoon, extending early gains as several counters across various sectors continue to attract strong buying amid expectations of strong earnings from technology majors. Several technology heavyweights such as Microsoft, Alphabet, Meta Platfor
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Asian Shares Rebound On Tempered Middle East Fears
Asian stocks rebounded on Monday, while the dollar, oil and gold all pulled back from their recent highs as fears of a wider conflict in the Middle East ebbed. Investors gravitated back towards riskier assets after Iran played down Israel's reported retaliatory attacks on its soil. Meanwhile, a cont
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Hungarian central bank to cut rates further
The upcoming week in the CEE region will see several economic releases. On Monday, Poland will report its industrial production and PPI for March, with expectations of contraction by -1.4% and -9.5% y/y, respectively. On the same day, wages in Poland will also be released, with expected 12% annual g
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FTSE 100 Slides As Retail Sales Stall In March
U.K. stocks declined on Friday as Middle East tensions flared up and investors scaled back their expectations for the Federal Reserve to cut interest rates this year. Meanwhile, U.K. retail sales came in unchanged on a month-on-month basis in March, defying expectations for a gain. Retail sales incl
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Unless Gold goes below $2,320, the momentum on the downside wouldn‘t though develop
S&P 500 attracted buy the dippers early in the US session, only for the larger factors at play to bring it back down – the reversal following 20y Treasury auction (as if 4.82% was anything to cheer, but the bond market provided a reprieve nonetheless) fizzled out before the day was over. The Eur
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