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Fed's Kashkari: I am cautious about monetary policy, can't rule out another hike
Minneapolis Federal Reserve (Fed) President Neel Kashkari added his voice to the procession of Fed officials giving their views on the US inflation outlook and the Fed's policy stance on Friday. Minneapolis Fed President Kashkari responded to questions during an interview with CNBC. Key highlights I
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The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany's main trading partner, the U.S. looks like it's quietly taking that top spot as the year progresses. Combined exports and imports between Germany and the U.S. totaled 63 billion euros ($68 billion) between January and March on 2024. Meanwhile, trade between German
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Gold edges lower amid high US Treasury yields, strong US Dollar
Gold trades steadily above $2,300, minor shift despite rising US Treasury yields and strong USD. Focus on upcoming US data: unemployment claims, University of Michigan Consumer Sentiment, Fed speeches. China's central bank boosts Gold reserves for 18th consecutive month, reflecting continued demand
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Forex Today: US Dollar clings to recovery gains as markets assess Fedspeak
Here is what you need to know on Wednesday, May 8: The US Dollar (USD) stays resilient against its rivals early Wednesday after posting marginal gains on Tuesday. The US economic calendar will feature weekly MBA Mortgage Applications and Wholesale Inventories for March. Meanwhile, market participant
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Dow Jones Industrial Average on the flat side but looking for higher ground in thin Monday trading
Dow Jones recovers into fresh high but action remains tight. US equities broadly higher on Monday, but momentum is limited. Fedspeak to dominate headlines with quiet economic calendar this week. The Dow Jones Industrial Average (DJIA) managed to gain some ground in today's quiet trading session, fol
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Gold price increased unexpectedly !! MONDAY
#XAU/USD# ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value agains
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Norges Bank and Nonfarm to round off a busy week
In focus today Today we get the US April Jobs Report which will round off the interesting week it has been in markets. We expect non-farm payrolls growth to cool to +200k, as immigration-driven uptick in labour supply continues to boost employment in lower-paying services sectors, but April PMIs sug
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