Gwendolyn
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USD/NOK edges lower on quiet Monday, ahead of US CPI
With the Norges Bank holding rates at 4.5% and suggesting a prolonged duration of stringent monetary policies, a bullish trend for the NOK is likely. The Federal Reserve's cautious remarks provided support to the Dollar lately. Retail Sales and CPI data from the US this week will set the pace of the
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Hungary's Disinflation Halts In April
Hungary's inflation increased for the first time in fifteen months in April, though marginally, the Hungarian Central Statistical Office said on Friday. Consumer prices climbed 3.7 percent year-on-year in April, slightly faster than the 3.6 percent rise in March, which was the lowest inflation since
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AUD/JPY advances to near 102.50 despite the fear of Japan’s intervention
AUD/JPY gains ground as RBA is expected to maintain higher rates for an extended period. The fear of Japan’s intervention could limit the advance of the pair. Australian Retail Sales (Q1) declined 0.4% in Q1, swinging from the previous quarter’s 0.4% growth. AUD/JPY continues its winning streak that
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Elliott Wave Analysis on Dow Futures (YM) Favors Upside
Short Term Elliott Wave View in Dow Futures (YM) suggests the Index ended wave (4) correction at 37473. The Index has now turned higher in wave (5). However, it still needs to break above the previous wave (3) peak on 4.1.2024 at 40358 to rule out a double correction. Up from wave (4), wave ((i)) en
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AUD/USD tumbles to 0.6560 on US Dollar’s recovery, RBA’s less-hawkish policy stance
AUD/USD hits hard due to US Dollar’s recovery and dismal market sentiment. Fed Kashkari sees interest rates remaining steady by the year-end. RBA Bullock doesn’t see the need to hike interest rates again. The AUD/USD pair witnesses an intense sell-off and falls to 0.6560 in Wednesday’s early America
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Hungarian Retail Sales surge raises some questions
No one saw this strong Hungarian retail performance coming. The March data surprised to the upside, without any early hint. So, we take it with a pinch of salt, but file it away as a possible ray of hope for recovery. The development of Hungarian retail sales in March was a rather strong positive su
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Mexican Peso reaches weekly high against US Dollar amid unchanged Federal Reserve policy
Mexican Peso hits weekly high of 16.90 versus USD after Fed maintains current policy. The Mexican currency stays strong despite lower Mexico Business Confidence. US economic data showing a smaller trade deficit and stable job claims, failed to boost the Greenback. Powell states Fed's future policy d
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