Shakespeare
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Dollar-Yen soars to fresh 34-year peak, BoJ’ s ueda warns on weak JPY
US 10-year treasury yield lifts to 4.63% on robust economic eata Summary: The US 10-Year Bond Yield lifted to 4.63%, from 4.52% previously, following stronger than expected economic data. Two-year US rates climbed to 4.98% (4.90%). The Philadelphia Fed Manufacturing Index soared to 15.5 from 3.2 pre
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US, Japan express concern over Japanese yen
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushin
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EUR/USD: Central Bank Rhetoric Economic Uncertainty
#EUR/USD# In the intricate dance of global currencies, the EUR/USD pair has recently found itself swaying to the tunes of central bank pronouncements and economic indicators. The past few days have been particularly eventful, as remarks from key figures like European Central Bank Presi
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ASML miss raises worries about the the AI rally [Video]
The big story of yesterday was the disappointing results from the biggest European company, ASML, where sales missed estimates and new orders slumped by 60% compared to a quarter earlier. The results raised questions regarding the sustainability of demand from chipmakers and the AI rally. The S&
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Stocks drive lower – UK employment collapses with stubborn wages
EU mid-market update: Stocks drive lower; UK employment collapses with stubborn wages; Central banks concerned over US dollar strength. Notes/observations - Poor UK job figures saw higher unemployment and moderated wage growth. Hawks will call earnings sticky as they came in above estimates, but wit
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Croatia’s speeding convergence
On the radar Croatia will release final inflation footprint at 11 AM CET. Poland will publish core inflation in the afternoon. Otherwise, there are no releases scheduled. Economic developments Stellar post pandemic recovery helps Croatia’s in convergence. Croatian economy has surprised to the upside
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GBP/USD edges higher to above 1.2450 amid hawkish sentiment surrounding Fed
GBP/USD rebounds from lows since November amid expectations of the Fed delaying rate cuts. The escalated Middle-East tension could bolster the demand for the US Dollar. BoE could reduce policy rates to around 4.75% by 2024, down from the current rate of 5.25%. GBP/USD gains ground amid a stable US D
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Pull-up Update