Riva
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Sensex, Nifty Extend Winning Run For Second Day
Indian shares rose notably on Thursday ahead of a long holiday weekend. Financial companies topped the gainers list after the Reserve Bank of India (RBI) modified the norms for their investment in alternative investment funds (AIF). The benchmark S&P BSE Sensex jumped 655.04 points, or 0.90 perc
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USD to remain resilient, downside risks to the GBP in the months ahead – HSBC
Economists at HSBC analyze the US Dollar (USD) and the Pound Sterling (GBP) outlook for the coming months. USD is likely to remain resilient Looking ahead, the broad USD is likely to remain determined by the interplay of risk appetite and rates. For now, the USD appears to be able to find a floor in
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Cdn. dollar dips as retail sales disappoint
The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%. Canada’s retail sales slip in January Canada’s retail sales fell 0.3% m/m in January, revised from the earlier estimate of -0.4% and well off the 0.9% gain in December. The de
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Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February
The Federal Reserve Bank of Chicago released a report on Monday showing an unexpected increase by its index of U.S. national economic activity. The report said the Chicago Fed National Activity Index rose to a positive 0.05 in February from a revised negative 0.54 in January, with a positive reading
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Threat is the only way to stop Yen bleeding
The Bank of Japan’s (BoJ) decided to hike the interest rates for the first time after 17 years but the yen has been weakening since then, on fear that this would be a ‘one and done’ cut. As a result, not only that the yen bulls are nowhere to be found but some traders revised their USDJPY forecasts
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EUR/USD at risk of downside break to 1.0650
Key highlights EUR/USD started a fresh decline from the 1.0950 resistance zone. It traded below a key contracting triangle with support at 1.0840 on the 4-hour chart. EUR/USD technical analysis Looking at the 4-hour chart, the pair traded below a key contracting triangle with support at 1.0840. It s
Pull-up Update