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EUR/USD: The Euro losing its momentum of correction, falling below 1.0700 again
The single European currency slips below the 1,07 level as yesterday's rally shows signs of unwinding. The European currency strengthened in the wake of announcements on the course of the manufacturing and service sectors in the Eurozone and United States. Without any major surprise, the slight impr
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Japan PMI Data Due On Tuesday
Japan will on Tuesday release preliminary April figures for the manufacturing and services PMIs from Jibun Bank, highlighting a modest day for Asia-Pacific economic activity. In March, their scores were 48.2 and 54.1, respectively. Singapore will provide March numbers for consumer prices; in Februar
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War Clouds Dampen Market Sentiment
Escalating geopolitical tensions and hawkish signals from Fed officials exacerbated the negative sentiment triggered by disappointments on the earnings side. Wall Street Futures are trading lower. European benchmarks are trading mostly in the red zone. Asian shares finished with deep losses. Dollar
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Gold hits record high amid growing geopolitical tensions
Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for "safe-haven" assets amid escalating geopolitical tensions and uncertain global economic conditions. The recen
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Old habits die hard: The LEI returns to the red in March
Summary After increasing for the first time in nearly two years in February, the Leading Economic Index slipped back into the red and declined 0.3% in March. Despite the monthly decline, the index broke above the threshold that is historically consistent with recession. Monthly decline, but recessio
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Worst of both worlds: Are the risks of stagflation elevated?
Summary In this first report of a three-part series, we present a framework to characterize historical episodes of stagflation into mild, moderate or severe episodes. Iain Macleod coined the term "stagflation" during an address to the House of Commons in 1965: “We now have the worst of both worlds—n
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A falling Euro is not the ECB’s biggest headache
Along with rising speculation of EUR/USD approaching parity, the old question of how the European Central Bank should react to exchange rate movements is returning. We think that the falling euro is not the ECB’s biggest concern on the road to a June rate cut; other factors can lead to a further dep
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UK Inflation Slowest Since 2021
UK consumer price inflation softened in March to the lowest since September 2021, the Office for National Statistics reported Wednesday. Inflation weakened to 3.2 percent in March from 3.4 percent in February. However, this was slightly above the forecast of 3.1 percent. The March inflation was the
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Gold Prices Rise on Powell's Remarks Amid Middle East Tensions
#XAU/USD# At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at
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