Clemens
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too [Video]
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the euro. Chinese PMIs and New Zealand employment to be watched too. Will the Fed put rate cut hopes in more peril? The upcomin
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USD/JPY volatile after inflation, BoJ meeting
The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan. Japanese inflation data, which was released just before the end of the Bank of Japan meeting, was much lower than expected. Tokyo Core CPI, which was o
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Ten-Year Yield Reaches Nearly Six-Month Closing High
Treasuries showed a notable move to the downside on Thursday, as the latest U.S. economic data added to ongoing concerns about the outlook for interest rates. Bond prices regained some ground after coming under pressure early in the session but remained firmly negative. Subsequently, the yield on th
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Treasury refunding preview: Taking a breather
Summary On May 1, the U.S. Treasury will complete its regular quarterly refunding process. The quarterly refunding is the standard process through which Treasury communicates any changes in its debt management policy. The torrid pace at which Treasury has been ramping up its debt issuance over the p
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Relief before earnings
The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 are due to report earnings this week. Oil under pressure following calm weekend US crude kicks off the week u
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U.S. Dollar Giving Back Ground Following Recent Strength
After trending higher over the past several days, the value of the U.S. dollar has given back ground during trading on Wednesday. The U.S. dollar index has dipped 0.31 points or 0.3 percent to 105.95, giving back ground after reaching its highest levels in over five months. Currently, the greenback
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UK CPI: Not what BoE wants to see after stronger-than-expected wage numbers – TD Securities
Analysts at TD Securities note that UK inflation data came in stronger than expected in March, with headline inflation falling to 3.2% y/y and core declining to 4.2% y/y. This is not what the BoE wants to see "Services, which matters the most to the Bank of England (BoE), edged down just 0.1ppts to
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EUR/USD extends its downside below 1.0630, focus on ECB’s Lagarde speech
EUR/USD remains on the defensive around 1.0615 in Wednesday’s early Asian session. Fed’s Powell said it's appropriate to allow restrictive policy to continue to work, given the strength of the labor market. ECB’s Lagarde noted the central bank remains on course to cut rates in the near term, subject
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