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US CPI inflation contrasted with the PPI shocker
Markets US CPI inflation contrasted with the PPI shocker (+0.5% M/M) from Tuesday. Price pressures eased slightly in April (0.3% M/M for headline and core; down from 0.4% M/M for both in March) but the CPI report was in line with expectations. Flanked by disappointing US Retail Sales (flat M/M) and
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AUD/JPY drops to near 103.00 after the mixed Aussie employment data
AUD/JPY loses ground as higher Aussie unemployment data bolsters the dovish sentiment surrounding RBA’s policy stance. The Aussie Unemployment Rate rose to 4.1%, marking the highest jobless rate since January. The lower Japanese GDP in Q1 has weakened the Japanese Yen (JPY) advance. AUD/JPY snaps it
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USD/JPY extends the rally above 156.00, eyes on US PPI data
USD/JPY extends its upside near 156.20 in Tuesday’s early Asian session. Investors will monitor the US PPI figure on Tuesday, which is estimated to rise 2.2% YoY in April. The BoJ cut the amount of Japanese government bonds it offered to buy in a regular purchase operation. The USD/JPY pair extends
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Uranium Miners ETF (URA) Extends Impulsive Rally
The Uranium ETF (URA) is an exchange-traded fund that aims to track the performance of companies involved in the uranium mining industry. It provides investors with exposure to the global uranium sector, including companies engaged in uranium mining, exploration, and production. URA offers a conveni
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Go For Gold This Akshaya Tritiya 2024 Or Look For Better Investment Option | Saraf Furniture Reviews
The celebration of Akshaya Tritiya takes place on the third day of the Baisakh month. The date of this year's celebration is around the corner. Raghunandan Saraf, Founder & CEO of Saraf Furniture said on Akshaya Tritiya is generally related to the procurement of gold and real estate, the same oc
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EUR/USD Price Analysis: The crucial upside barrier will emerge at the 1.0790–1.0800 region
EUR/USD oscillates in a narrow trading range near 1.0770 in Monday’s early European session. The pair maintains the bearish outlook below the key EMA. The immediate resistance level will emerge at the 1.0790–1.0800 region; the initial support level is seen at 1.0724. The EUR/USD pair remains flat ar
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Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for May, down from 77.2 in April
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U.S. Dollar Declines Amid Higher Jobless Claims
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023. Data from the Labor Department showed that initial jobless claims climbed to 231,000, an increase of 22,000 from t
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