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USD/CAD rebounds to near 1.3750 due to hawkish Fed officials
USD/CAD edges higher after the hawkish remarks from the Fed officials. The higher US Treasury yields are supporting the US Dollar. BoC interest rate cut has moderated after Canadian business confidence reached a two-year high. USD/CAD retraces its recent losses registered in the previous session, tr
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Riksbank rate decision today is a close call, we expect a hold
In focus for the rest of the week Today, the main event in the Nordics is the Riksbank monetary policy decision, due at 09.30 CET. Money market pricing implies c. 80% probability of a cut but we think it is more or less a 50/50 call, and we expect the Riksbank to leave rates unchanged and signal a c
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EUR/USD recovery stalls as ECB remains confident over June rate cut
EUR/USD consolidates around 1.0770 after correcting from 1.0800 as investors expect the ECB to reduce interest rates from June. ECB Stournaras’s projection of three rate cuts this year is aligned with market expectations. The speculation for the Fed lowering interest rates from September has strengt
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Asian Shares Rise On Fed Rate Cut Hopes
Asian stocks rose broadly in thin trade on Monday, with Japanese and South Korean markets closed for a public holiday. The dollar index dropped as Friday's data showing weak U.S. job growth spurred expectations for Fed rate cuts. Oil prices rose about 1 percent in Asian trading as Saudi Arabia raise
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USD/NOK dives on weak NFP figures from April
US NFP increased by 175K in April, below expectations of 243K, following March’s revised increase of 315K. Unemployment rose slightly to 3.9% while wage inflation decelerated. The odds of a cut in September by the Fed rose significantly. The USD/NOK pair is trading at 10.861, exhibiting a decline of
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GBP/USD Price Analysis: Bears in charge as ‘shooting star’ looms
GBP/USD down 0.06% after reaching a three-week high of 1.2634. RSI flattening suggests normalization of buying pressure. Support levels at 1.2500, 1.2474, and 1.2466; breach may test 1.2400. Resistance at 200-DMA, 1.2600, and DMAs at 1.2612 and 1.2644. The Pound Sterling holds to gains versus the US
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NZD/USD holds positive ground above 0.5950 ahead of US NFP data
NZD/USD gains ground around 0.5965 on softer USD in Friday’s early Asian session. There were 208,000 initial jobless claims in the US for the week ending April 27. RBNZ stated there’s a risk that renewed inflation pressures could keep global interest rates high for longer. The NZD/USD pair trades in
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Pull-up Update