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USD/JPY jumpy as Japan’s core CPI eases
The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down 0.04%. Japan’s core CPI falls to 2.6% Japan’s nationwide CPI, which excludes fresh food, rose 2.6% y/y in Marc
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Asian Shares Gain As Dollar And Yields Ease
Asian stocks rose broadly on Thursday, as the dollar and U.S. Treasury yields retreated from recent highs and Taiwan Semiconductor Manufacturing Corp, the world's largest producer of advanced processors, clocked a stronger-than-expected first-quarter profit on strong AI chip demand. The result contr
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European indices on the rise, as they continue to outperform their US counterparts
European indices on the rise, as they continue to outperform their US counterparts. US semiconductors in focus after TSMC earnings. Crude slump helps ease inflation fears. European markets are enjoying a strong start to the trading day, as the bulls seek to step in to rescue what has been a pretty d
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WTI extends its downside below $82.50 on crude inventory build
WTI trades in negative territory for the third consecutive day near $82.25 on Thursday. A rise in US crude inventory and a higher possibility of delay rate cuts from the Fed drag the black gold lower. Oil traders will monitor the development surrounding Middle East geopolitical tensions. Western Tex
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EUR/JPY Price Analysis: Bulls make a stride and reclaim the 20-day SMA
The daily chart reveals that the EUR/JPY maintains a bullish sentiment, as indicated by the rising RSI and diminishing negative momentum via MACD. The hourly chart's RSI shows that the pair is correcting overbought conditions. The EUR/JPY pair is trading at 164.22, recording a slight uptick on Tuesd
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Dow Jones ticks up with geopolitical risks weighing on risk appetite
Dow Jones index advanced moderately with geopolitical tensions limiting gains. Good quarterly earnings from United Health and Morgan Stanley provide optimism. Technical picture remains bearish with DJIA drifting away from March highs. The Dow Jones Industrial Average (DJIA) is going through a modera
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AUD/JPY Elliott Wave: Forecasting the path
In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDJPY Forex pair, published in members area of the website. As our members know we have been favoring the long side in YEN pairs. Recently we got a pull back that has made a clear 3 waves pull back that found buye
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Turkey Jobless Rate Falls In February
Turkey's unemployment rate dropped moderately in February, the Household Labor Force Survey results from the Turkish Statistical Institute showed Monday. The jobless rate fell to a seasonally adjusted 8.7 percent in February from 9.0 percent in the previous month. At the same time, the employment ra
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