Conrad
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USD/CAD falls sharply to 1.3800 despite multiple tailwinds
USD/CAD slumps to 1.3800 even though the US Dollar exhibits strength. Investors see the BoC choosing the June meeting as their earliest point for pivoting to rate cuts. Oil prices weaken as Fed Powell’s hawkish guidance raises doubts over global economic outlook. The USD/CAD pair dipped to round-lev
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USD/JPY hovers above 154.50 close to its peak since June 1990
USD/JPY maintains its position around the high of 154.78 marked on Tuesday. US Dollar strengthens on expectations of the Fed prolonging higher policy rates for a longer duration. Japan’s Merchandise Trade Balance Total rose to a surplus of ¥366.5 billion in March, from the previous deficit of ¥377.8
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UK CPI inflation data ahead: Sterling hovering north of key support
Following today's mixed bag of employment and wages data, tomorrow’s attention is directed to the March UK CPI inflation release, scheduled to air at 7:00 am GMT+1. Estimates Suggest Further Disinflation Both headline and core (excludes food, energy, tobacco and alcohol) measures have surprised to t
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German ZEW Economic Sentiment Index climbs to 42.9 in April vs. 35.1 expected
Germany’s ZEW Economic Sentiment Index jumps to 42.9 in April. EUR/USD remains uninspired by the upbeat German and Eurozone ZEW surveys. The headline German ZEW Economic Sentiment Index jumped from 31.7 in March to 42.9 in April, beating the market expectations of 35.1. However, the Current Situatio
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Forex Today: US Dollar stretches higher ahead of Fedspeak, housing data
Here is what you need to know on Tuesday, April 16: The US Dollar (USD) continues to gather strength early Tuesday after outperforming its major rivals on Monday. The US economic docket will feature Housing Starts and Building Permits data for March. The Federal Reserve (Fed) will release Industrial
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Crude Oil’s tactical retreat, unlikely turn around
Oil is losing more than 1% on Monday, below $84 a barrel for WTI and below $89 for Brent after Friday's rollercoaster, when prices peaked above $87 and $91.6, respectively. The drivers were geopolitics, where fears of an escalation of the conflict between Israel and Palestine fueled the growth. The
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ECB signals a June rate cut as the euro sinks
The ECB held interest rates on Thursday, as expected, however, there was a notable dovish shift in communication from the governing council and from Christine Lagarde. This suggests that the ECB is priming the market an interest rate cut in June. The ECB said that the current interest rate is ‘makin
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