Perkin
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Gold hits new all-time high despite hawkish Fed comments, meaty US data
Gold price soars to all-time high of $2,225, defying rising Treasury yields and a robust US Dollar. Fed Governor Waller's hawkish comments and upbeat US data were no excuse for the advance in Gold and the US Dollar. Market anticipation builds for the upcoming release of the Fed’s Core PCE index. Gol
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Oil Price Analysis: Consolidating within a short-term uptrend
WTI Oil is in a short-term uptrend within a rising price channel. The commodity has pulled back and is consolidating – its next move could be critical. A move below the range lows could flip the trend bearish; a rise above the March high bullish. WTI Oil price (OIL) is trading within an ascending ch
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USD/IDR: No catalyst yet for sustained gain in the Indonesian Rupiah – MUFG
Economists at MUFG Bank look for Bank Indonesia (BI) to cut its policy rate only after the US Fed loosens its monetary policy to avoid unnecessary Rupiah (IDR) volatility. Rupiah outlook holds the key to BI rate cuts Indonesia’s economy will likely remain on a steady footing this year and inflation
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GBP/JPY loses ground below the mid-191.00s after BoJ’s verbal intervention
GBP/JPY edges lower to 191.30 in Wednesday’s early European session. Japanese Finance Minister came with some verbal intervention, which lift the Japanese Yen. The dovish stance from the BoJ might exert some pressure on the JPY. Investors await the UK Q4 GDP growth numbers and Japan’s Tokyo Consumer
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USD/JPY: Scope for the Japanese Yen to recover moderately in the months ahead – Rabobank
The initial FX market reaction to the news that the BoJ had exited its negative interest rate policy after eight years was one of disappointment. Economists at Rabobank analyze USD/JPY outlook for the coming months. USD/JPY seen at 140.00 in 12 months The BoJ has exited its negative interest rate po
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Pound could suffer further over the short term if market’s conviction on a June rate cut grows – MUFG
The BoE vote that revealed the two voters for a hike previously abandoning that stance has fuelled renewed GBP selling. Economists at MUFG Bank analyze Pound’s outlook. BoE shifts a little more toward a first rate cut BoE left policy rate on hold for fifth consecutive meeting at 5.25%. The overall m
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USD/CAD could head higher towards 1.3730 once a break above 1.3620 materializes – SocGen
USD/CAD rebound has stalled after approaching the December high of 1.3620. Economists at Société Générale analyze the pair’s technical outlook. 1.3440 is important support The USD/CAD pair has experienced a sideways consolidation since last month. The flattish slope of 200-DMA denotes a lack of clea
Pull-up Update