mordor
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Japan GDP Slumps 0.5% In Q1
Japan's gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Thursday. That missed expectations for a decline of 0.3 percent after adding 0.2 percent in the previous three months. On a yearly basis, GDP slumped 2.0 pe
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US Dollar weakens following April CPI figures
The DXY fell to its lowest level since mid-April on Wednesday. Weak US inflation data and unimpressive Retail Sales increase odds of a Fed interest rate cut in the near term. Markets are still discounting higher odds of the first cut being in September. The US Dollar Index (DXY) is trading near 104.
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Taiwan Bourse May Crack Resistance At 21,000 Points
The Taiwan stock market has tracked higher in three straight sessions, advancing almost 430 points or 2.1 percent along the way. The Taiwan Stock Exchange now sits just above the 20,985-point plateau and it's tipped to open in the green again on Wednesday. The global forecast for the Asian markets i
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Hãy tham gia KVB với tư cách Giám Đốc Kinh Doanh
🌟 Bạn đã sẵn sàng cho một bước chuyển nghề nghiệp xứng đáng chưa? Hãy tham gia KVB với tư cách là Giám đốc kinh doanh! 💼 Tận hưởng: 💰 Phụ cấp cao 💰 Chiết khấu cao 💰 Tiền thưởng tiền nạp ròng 3% 🗝️ Không phí qua đêm & chênh lệch 0,0 🗝️ Gửi tiền/Rút tiền nhanh Hãy phát triển cùng với chúng
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The unideal inflation dynamics explain why the Fed won’t be in a position to cut the rates soon
The FTSE 100 and the Stoxx 600 index closed at a fresh ATH on the back of rising dovish central bank expectations. The EURUSD bounced lower from the 50 and 200-DMA, while Cable tested its own 200-DMA to the upside on the back of strong GDP read last Friday, but the currency pairs need good news from
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Mexican Peso continues to strengthen as Banxico holds rates on high inflation
Mexican Peso edges up against US Dollar for second consecutive day. Banxico’s decision to maintain the interest rate at 11.00%, sponsored the latest leg down on USD/MXN. Bank of Mexico cited higher prices as reason to pause lowering rates. US consumers become pessimistic on economy due to inflation,
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ECB will cut rates in June and probably the BoE, too
Outlook Initial jobless claims rose 22,000 to 231,000 in the latest week, more than 215,000 forecast. Yesterday we wrote “ho hum” because a weekly number and jobless claims hardly ever move the market, but this time the anti-dollar gang was waiting in the bushes to jump on it. A hot tailwind was San
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Mexican Peso breaks higher after Banxico keeps key rate unchanged
The Mexican Peso rallies following Thursday’s Bank of Mexico policy meeting. Banxico decided to keep interest rates unchanged but upwardly revised its inflation forecasts. USD/MXN broke below the floor of a short-term range following the news and is tipped to decline further. The Mexican Peso (MXN)
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IBM Elliott Wave Analysis-Unraveling the Recovery Ahead
IBM, founded in 1911, is a global technology leader known for pioneering innovations in computing. From tabulating machines to AI and quantum computing, IBM has consistently shaped the tech landscape, providing cutting-edge solutions for businesses worldwide. IBM stock is listed on the New York Stoc
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German industrial production slide brings closer ECB’s rate cut
German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms for the last ten months. German
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Industrial Metals monthly: Has the Copper rally gone too far, too soon?
Our monthly report looks at the performance of iron ore, copper, aluminium and other industrial metals. In this month’s edition, we take a closer look at copper’s recent rally and explain why we think that prices are due a downward correction. YTD metals performance % Source: LME, SGX, ING Research
Pull-up Update