Lytton
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Forex Today: Pre-PCE lull lends support to the Dollar
The FX galaxy traded amidst a generalized lack of conviction and direction, leaving the Greenback slightly bid and the risk-related assets mildly on the defensive as investors gradually shifted their focus to the upcoming US PCE release as well as the Easter holidays. Here is what you need to know o
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U.S. Home Price Growth In Major Cities Accelerates To 6.6% In January
Home price growth in major U.S. metropolitan areas accelerated in the month of January, according to a report released by Standard & Poor's on Tuesday. The report said S&P CoreLogic Case-Shiller 20-City Home Price Index soared 6.6 percent year-over-year in January compared to the 6.2 percent
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EUR/GBP consolidates below 0.8600, upside remains favored on firm BoE rate cut bets
EUR/GBP trades sideways below 0.8600 as investors reassess BoE’s rate cut expectations. BoE Mann warned that investors are expecting too many rate cuts. ECB Muller said the central bank is at a point where it can start reducing interest rates. The EUR/GBP pair is struck in a tight range around 0.858
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Market Insights Podcast – Currency war risk, US PCE, AU monthly CPI on the watch
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. A relatively quieter week versus last week’s major central banks’ galore as we head into the Easter holiday with several key events and economic data to take note. Firstly, risk of currency
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Spain Producer Prices Continue To Fall
Spain producer prices continued to decline in February and at the fastest pace in five months on falling energy prices, data from the statistical office INE showed on Monday. The producer price index posted an annual fall of 8.2 percent in February after easing 3.9 percent a month ago. Producer pric
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USD/JPY loses ground on Monday after intervention talk
USD/JPY drops slightly after intervention talk from Japan’s chief of FX, Masato Kanda. Recent weakness in the Yen should be attributed to speculation not fundamentals, Kanda said. The authorities may intervene to correct the situation, propping up the Yen. USD/JPY is trading down almost a tenth of a
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Pull-up Update