Birrell
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Understanding the weaponization of the dollar
Money Metals' Midweek Memo host Mike Maharrey recently interviewed Saleha Mohsin, a senior correspondent at Bloomberg News and author of the new book "Paper Soldiers: How the Weaponization of the Dollar Changed the World Order." The discussion delved into the motivations behind Mohsin's book and exp
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Singapore Retail Sales Growth Eases To 2.7%
Singapore's retail sales expanded at a slower pace in March, preliminary data from the Department of Statistics showed on Friday. Retail sales rose 2.7 percent year-on-year in March, much slower than the 8.6 percent gain in February. However, this was the third successive monthly rise. Sales excludi
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Crude Oil recedes post-Fed, WTI tumbles below $80
WTI slips back below $80 per barrel. Crude Oil markets unsettled by latest Fed rate call. Supplies continue to overwhelm Crude Oil demand. West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Res
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Lower Futures Point To Weak Opening On Wall Street; Fed Policy Eyed
Although lower futures currently point to a weak start for U.S. stocks Wednesday morning, the mood may change positive if some of the data due ahead of the opening bell turn out to be a bit encouraging. However, the focus today is on the Federal Reserve's monetary policy announcement, due later in t
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US Federal Reserve Decision Preview: Markets look for clues about interest rate cut timing
The Federal Reserve is widely anticipated to keep interest rates unchanged. Fed Chairman Powell’s remarks could provide important clues about the timing of the policy pivot. Markets see a strong chance that the Fed will wait until September to lower the interest rate. The US Federal Reserve (Fed) wi
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US Dollar Index outlook: Keeps firm tone in expectations of Fed's further hawkishness
US Dollar Index The dollar keeps firm tone and hit new multi-month high early Wednesday, after surging 0.56% on stronger than expected US data on Tuesday. US employment cost index rose more than expected in the first three months, adding to signs of inflationary pressure, which added to the factors
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Asia open: FX market still on intervention watch
Chinese stocks kicked off the week on a strong note, reaching a six-month high fueled by improved sentiment in the property sector. And a pullback in US bond yields overnight should have local traders looking to add risk, especially with the FOMC unlikely to out-hawk the market later this week. Asia
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DAX Edges Up Slightly Ahead Of Inflation Data
German stocks edged up slightly on Monday as preliminary data showed inflation rose in four important German states in April. National inflation data due out later in the day may influence trading sentiment, heading into the release of the euro zone inflation data on Tuesday. The benchmark DAX was u
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The highlight is the NFP report – Germany CPI figures could set the tone for market movements
As most traders have closely tracking the movements of the Japanese yen, we've just witnessed a dramatic turn of events that has left traders on edge and scrambling to react. For over a year, the Japanese yen has been steadily losing value due to various fundamental factors, prompting speculation ab
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