Frederica
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Daily Broad Market Recap – April 29, 2024
Partner Center Find a Broker The market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves! Here’s how it all went down. Headlines: Major city in southwest China (Chengdu) removed home-buying curbs to support property sec
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Sensex, Nifty Rally On Firm Global Cues; Banks Lead Charge
Indian shares rallied on Friday, mirroring firm cues from global markets after Friday's U.S. inflation data largely met estimates and diplomatic efforts intensified to reach a long-sought truce and hostage-release deal in Gaza. Banks topped the gainers list following encouraging earnings reports fro
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Russia Central Bank Keeps Key Rate Unchanged
Russia's central bank left its key interest rates unchanged for the third consecutive meeting on Friday but cautioned about upside risks to inflation. The board of directors of the Bank of Russia, headed by Governor Elvira Nabiullina, decided to hold the key rate at 16.00 percent. As domestic demand
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USD/CAD depreciates to near 1.3650 due to higher crude prices, US PCE eyed
USD/CAD loses ground due to higher crude Oil prices on Friday. WTI Oil price appreciates due to geopolitical risks associated with a potential Israeli invasion of the Rafah city. The lower US labor data has offset concerns regarding the sluggish GDP (Q1). USD/CAD extends its losses for the second co
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GBP/JPY rallies to its highest level since August 2005 as traders look to BoJ on Friday
GBP/JPY attracts strong follow-through buying for the third successive day on Thursday. The lack of decisive action and the BoJ’s uncertain rate outlook weigh heavily on the JPY. A modest USD downtick benefits the GBP and also contributes to the positive momentum. The GBP/JPY cross gains strong posi
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Natural Gas holds near two-month high as more US sanctions on Iranian Oil sector loom
Natural Gas price hits a fresh two-month high. Gas prices soar as the US is set to broaden sanctions against Iran’s Oil sector. The US Dollar Index partially recovers from Tuesday’s decline, driven by a big miss on PMI numbers. Natural Gas (XNG/USD) holds onto recent gains on Wednesday after a two-d
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CAC 40 Edges Higher As Economy Stabilizes In April
French stocks rose slightly on Tuesday as the latest business activity data painted a mixed picture of the economy. While the dominant services sector expanded in April for the first time in almost a year, the manufacturing sector stayed put in decline due to a deceleration of activity. The composit
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Forex Today: Major pairs stabilize ahead of key PMI data
Here is what you need to know on Tuesday, April 23: Major currency pair fluctuate in relatively tight channels early Tuesday as investors await key data releases. S&P Global will publish preliminary April Manufacturing and Services PMI data for the Eurozone, the UK and the US later in the day. T
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