Lattimore
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Oil Price Analysis: Falling in a channel over the short-term
Oil is falling in a descending channel on the short-term horizon. Within the channel it is currently correcting higher, however, it is likely to capitulate and resume its downtrend. Only a decisive break out of the channel would reverse the short-term bearish outlook. Oil price is trading higher, ex
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BOE Held Rates at 5.25% in 7-2 MPC Vote, Bailey Hints at “More Substantial” Future Cuts
Partner Center Find a Broker As expected, the Bank of England (BOE) kept interest rates on hold at 5.25% in their May decision. The official statement noted that: Underlying inflationary pressures in the euro area have continued to moderate somewhat since the start of the year U.K. demand growth is
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Elliott Wave Analysis on USDJPY Recovery Post BOJ Intervention
USDJPY has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention. We are calling the structure of the rally from 12.28.2023 low as a 5 waves Elliott Wave imp
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China Stock Market Expected To Open Under Pressure On Thursday
The China stock market on Wednesday snapped the two-day winning streak in which it had collected more than 40 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,130-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is uni
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Aussie dips, RBA keeps interest rates unchanged
Summary: The Australian Dollar (AUD/USD) dipped to 0.6600 from 0.6620 after the RBA kept the cash rate unchanged at 4.35%. While the move was widely expected, a firmer Greenback weighed on the Aussie Battler. The Dollar Index (DXY), which measures the Greenback’s value against a basket of 6 major cu
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Yen rally fizzles as US dollar climbs
The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday, setting another 34-year record before r
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High bar for RBA to hike in August – TD Securities
Analysts at TD Securities assess the Reserve Bank of Australia's (RBA) policy decisions. AUD/USD to be pinned back below 0.6600 "The RBA left the target cash rate on hold at 4.35% as was widely expected, but the Statement and Press Conference fell short of the hawkish tilt anticipated by us and the
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Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing dream, according to a New York Federal Reserve survey released Monday. The share of renters as of February who possess hopes of "res
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This commodity is poised for 50% upside as energy transition and AI demand booms [Video]
The Beatles told the world, “Love is all you need.” But according to GSC Commodity Intelligence, “Copper is all you need” – especially when it comes to the energy transition and global artificial intelligence technology boom. As an unprecedented phenomenon known as “the shortage of everything” conti
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Pull-up Update