Clemens
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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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The Dollar has few contenders to rival its save haven credentials
Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community ad
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EUR/USD: Euro on defense mode but geopolitical risk could put the 1.0600 under challenge
The single European currency tries to react in the early trading hours of the new week and defend the level of 1,06 after Friday's sharp losses. Last week ended with significant losses for the European currency as hot inflation in the United States and heightened geopolitical concerns drove the US d
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USD/JPY Technical: Rising US Treasury-JGB yield spreads outweigh BoJ’s intervention risk
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasu
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EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy
Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis – Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone inte
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Pull-up Update