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Eurozone bank lending continues to cautiously recover
The European Central Bank is on the verge of starting rate cuts and monetary developments are proving no hurdle to doing so. March data shows a subdued recovery in bank lending and money growth. With inflation expectations falling further, today’s data is in line with a start to cautious rate cuts.
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U.S. Dollar Climbs As Jobless Claims Fall, PCE Inflation Rises
The U.S. dollar appreciated against its major counterparts in the New York session on Thursday, as GDP data showed a hot inflation reading for the first quarter and initial jobless claims fell to a two-month low last week, dashing hopes of a rate cut before September. Data from the Commerce Departme
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GBP/USD Price Analysis: Bulls stepped in as ‘morning star’ chart pattern looms
GBP/USD surges over 0.65% following disappointing US economic figures. Technical analysis indicates a potential upward movement if GBP/USD sustains a close near 1.2440, completing a 'morning star' pattern. Key resistances are ahead at 1.2500 and the 200-day moving average at 1.2565; downside risks p
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Morning briefing: Euro could remain ranged within 1.0600-1.0700 for a while
Good morning! The Dollar Index needs to be sustained above 106 to test 106.5-107 else can get dragged towards 105.5-105. Meanwhile, the Euro could remain ranged within 1.06-1.07 for a while. EURJPY remains volatile within the 165-162 region with a possible attempt to break higher while USDJPY is hea
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US, Japan express concern over Japanese yen
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushin
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UK Inflation Slowest Since 2021
UK consumer price inflation softened in March to the lowest since September 2021, the Office for National Statistics reported Wednesday. Inflation weakened to 3.2 percent in March from 3.4 percent in February. However, this was slightly above the forecast of 3.1 percent. The March inflation was the
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Focus turns to final March inflation for the Euro area
In focus today Today, focus is on the final inflation data for March in the euro area. We particularly look out for inflation components that reflect domestic demand as service inflation remained elevated in March. The final data will also allow us to estimate how much the timing of Easter impacted
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NZD/JPY Price Analysis: Bearish momentum overpowers, buyers struggle to retake the 20-day SMA
The daily RSI and MACD reveal a weaker NZD/JPY, pointing towards bearish momentum. The negative trend is stronger on the hourly chart. Despite short-term bearish inclination, the cross position above main SMAs signifies a bullish sentiment in the longer term. The NZD/JPY is trading at the 91.14 leve
Pull-up Update