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GBP/USD has shown a mild correction after failing to extend recovery above the 1.2280 resistance. The USD Index has printed a day high of 103.43 as pre-Fed anxiety has kicked in....
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2 Minutes
2 Minutes
AUD/USD drops to near 0.6700 on less-hawkish RBA minutes
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AUD/USD has slipped firmly to near 0.6700 as RBA considered only 25 bps a viable option for March’s monetary policy. Recent upbeat Australian employment figures have conveyed that the fight against...
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6 Minutes
Bank of England set for 25bp hike barring further turmoil
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Despite encouraging signs that inflationary pressures are easing, we think the Bank of England will probably opt for one final 25bp hike on Thursday if it can, though that’s undoubtedly contingent...
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4 Minutes
GBP/USD struggles to recapture 1.2200 as investors turn anxious ahead of Fed-BoE policy
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GBP/USD is facing barricades in recapturing the round-level resistance of 1.2200. Federal Reserve is expected to hike rates further by 25 bps to continue weighing on sticky inflationary pressures. A steady...
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2 Minutes
USD/CAD refreshes day high above 1.3720 as investors turn cautious ahead of Fed policy
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USD/CAD is hovering near day’s high around 1.3720 amid anxiety among investors as they await Fed policy. US equities are facing severe heat led by deepening fears of global banking turmoil....
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3 Minutes
Leading indicators still point to a recession – Time for something stronger than a milkshake
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Summary This three-in-one report breaks down all you need to know about this morning’s trio of economic indicators. Industrial production was unchanged, leading indicators still point to recession and consumer sentiment...
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1 Minute
Moderate loss of Fed and ECB credibility – Natixis
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Is the credibility of the Federal Reserve and the ECB suffering? Analysts at Natixis have looked at different measurements of expected inflation, in the short and medium and long term, to...
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2 Minutes
EUR/USD – Euro heads higher as ECB delivers 50-bp hike
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It has been a busy week for the euro, reflective of the gyrations we’re seeing in the financial markets. EUR/USD has bounced back from a mid-week slide and is trading at...
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3 Minutes
EUR/USD skates on thin ice near 1.0600 as Credit Suisse upset prods ECB hawks
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EUR/USD sticks to mild gains while paring the biggest daily loss since September 2022. ECB policymakers are likely to cite inflation fears to justify anticipated 50 bps rate hike, forward guidance...
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4 Minutes
NZD/USD struggles to surpass 0.6250 as USD Index recovers ahead of US Retail Sales and PPI
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NZD/USD has sensed heat while attempting to surpass the 0.6250 resistance despite the risk-on impulse. Declining US CPI, higher jobless rate, and the SVB collapse might force the Federal Reserve (Fed)...
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