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Australian Dollar slides after weak Retail Sales report
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s Retail Sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market f
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Corn Elliott Wave technical analysis [Video]
Corn Elliott wave analysis Function - Trend. Mode - Impulsive. Structure - Impulse Wave. Position - Wave 2 in progress. Direction - Upwards for wave 3. Details - A break below 434 means wave 2 is taking a lower leg for an expanding flat and could enter 423-415. Not much has changed since the last up
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Japanese Yen awaits intervention amid weakness
The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan's Finance Minister, Shunichi Suzuki, mentioned that measures to normalise the yen are quite likely. He cited exc
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US Dollar rally loses momentum as Fed data-driven thesis is set for another test
The US Dollar retreats a touch on Monday after failing to break Friday's high. Traders are looking forward to a very choppy trading week, with a bank holiday on Friday. The US Dollar Index steadies in the mid-104.00 range ahead of GDP and PCE data. The US Dollar (USD) is facing a “pop quiz” moment b
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Labor productivity rising everywhere but Czechia
On the radar In Slovakia, Ivan Korcok got 42.5% of the votes in the first round of presidential elections and Peter Pellegrini received 37% of votes. Second round is scheduled for April 6th. Moody’s affirmed Poland’s rating at A2 and stable outlook. In Poland, February’s unemployment rate will be pu
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It is only a matter of time before USD/JPY makes new cyclical highs – BBH
USD/JPY is consolidating around 151.60 and struggling to break above its November 2023 high of 151.91. Economists at BBH analyze the pair’s outlook. Threat of FX intervention is offering JPY support The threat of FX intervention is offering JPY support. Japan’s Finance Minister Shunichi Suzuki warne
Pull-up Update