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USD/JPY remains bullish after BoJ stays on hold
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.8% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive are
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BOJ Kept Rates Unchanged As Expected, Markets Await Ueda
Partner Center Find a Broker The Japanese central bank kept interest rates on hold at <0.10% as expected while mostly maintaining forecasts for next year’s growth and inflation figures. Bank of Japan (BOJ) benchmark rate steady at <0.10% Annual CPI projected to stay within 2.5-3.0% range in 20
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Gold prices rebound with buyers capitalizing on dip as geopolitical tensions ease
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying. US Durable Goods Orders were solid, but expectations for Fed
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EUR/JPY Price Analysis: Bulls continue dominating, yet a consolidation may be incoming
The daily RSI reveals increasing buying momentum, yet nearing overbought conditions hint at a potential technical correction ahead. The hourly chart indicates a shift in short-term momentum towards sellers, and indicators consolidate. The EUR/JPY stands at 165.68, trading with mild gains still in mu
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Eurozone Preliminary Manufacturing PMI drops to 45.6 in April vs. 46.5 expected
Eurozone Manufacturing PMI fell to 45.6 in April, missing 46.5 consensus. Bloc’s Services PMI climbed to 52.9 in April vs. 51.8 forecast. EUR/USD eases from near 1.0700 after German, Eurozone PMI data. The Eurozone manufacturing sector activity contraction unexpectedly deepened while the services se
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Trading the week ahead [Video]
This week's economic calendar is poised to provide several notable trading opportunities. We kick off with a focus on the divergence between the US and Canadian economies, highlighted by recent jobs data that boosted the US dollar while putting pressure on the Canadian dollar, creating a favourable
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Geopolitical conflict threatens yet another shipping choke point
Global shipping routes are already heavily impacted from the Red Sea to the Gulf of Aden because of ongoing geopolitical strife. If the Strait of Hormuz is in any way disrupted, the impact on oil and global trade could be huge. It's a stark fact: more than 80% of global goods trade is transported by
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Pull-up Update