Birrell
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UK Retail Sales prints 0% MoM in March vs. 0.3% expected
The UK Retail Sales arrived at 0% MoM in March, miss estimates. Core Retail Sales for the UK drops 0.3% MoM in March. GBP/USD stays weak near 1.2400 after mixed UK data. The UK Retail Sales came in at 0% over the month in March vs. 0.3% expected and 0.1% in February, the latest data published by the
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Markets hit by tech and geopolitics, weekend risk if Iran retaliates
General trend -Tech-focused news on Taiwan Semi leading chip-relateds down in Asia was interrupted by reports of explosions in multiple Middle East countries; Iran, Iraq and Syria, including in Isfahan, south of Tehran, home to one of Iran's major nuclear facilities. Adding to the tensions were thre
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Forex Today: The Dollar’s pause allowed some respite in the risk complex
The Greenback saw its recent rally run out of steam, prompting a corrective move in the USD Index (DXY) and some recovery in the risk-linked galaxy amidst persistent geopolitical concerns and a firm conviction of an ECB rate cut in the summer. Here is what you need to know on Thursday, April 18: The
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NZD/USD drops to fresh below 0.5900 on hawkish Powell and risk-off markets
Fed Powell warns about sticky inflation and sends the US Dollar higher. The frail market sentiment on concerns about the Middle East conflict is weighing on the risk-sensitive Kiwi. Investors' focus is now on the New Zealand CPI data, due later on Tuesday. The risk-averse sentiment on concerns about
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GBP/JPY Price Analysis: Range-bound tilted upwards around 192.00
GBP/JPY climbs 0.60%, nearing the 192.00 resistance as the Japanese Yen weakens. The pair has fluctuated between 190.00 and 193.00 for 17 days, with significant moves restricted by crucial technical points. Possible intervention from Japanese authorities may drive GBP/JPY down, aiming for initial su
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Israel-Iran military conflict views & takeaways
Summary Middle East tensions have escalated following Iran's strike on Israel this past weekend; however, we continue to believe a broader regional conflict is not imminent. In this report, we offer takeaways and perspective from the latest escalation, and also highlight that our global economic, mo
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EUR/USD rebounds amid escalated geopolitical turmoil, hovers around 1.0650
EUR/USD attempts to recover from five-month lows amid escalated Middle-East tension. Iran launched explosive drones and missiles at Israel late Saturday. The pair received downward pressure by diverging policy scenarios for the ECB and Fed. EUR/USD edges up to near 1.0650 during the Asian session on
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Pull-up Update