Bartholomew
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USD/JPY floats higher, testing 156.00 after quiet Wednesday
USD/JPY found further gains as Yen recedes post-”Yentervention”. US consumer sentiment survey results due on Friday. BoJ remains tight-lipped on FX market interventions. USD/JPY drifted higher on Wednesday, marking in a third straight day of easy gains as the pair pares away recent losses from two s
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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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Indonesia GDP Data Due On Monday
Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 0.45 percent on quarter and 5.04 percent on year. China will see April results for the services PMI from Caixin; in March, the
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Italy Producer Prices Continue To Fall
Italy's producer prices continued to decline sharply in March, data from the statistical office ISTAT showed on Thursday. Producer prices posted an annual decrease of 9.6 percent after a 10.8 percent drop in February. Producer prices have been falling since April 2023. The annual decline in March wa
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Powell speech: No obvious connection between easing in financial conditions and inflation
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Key quotes "Our decisions depend on incoming data." "We think policy is well positioned to ad
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Germany Import Prices Continue To Fall
Germany's import prices continued to decline in March but the pace of decrease slowed further, data from Destatis showed on Tuesday. Import prices dropped 3.6 percent annually after easing 4.9 percent in February. Prices were expected to fall 3.8 percent in March. The annual fall in import prices wa
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EUR/GBP posts modest gains above 0.8500 following German Retail Sales data
EUR/GBP snaps the five-day losing streak near. 0.8535 in Tuesday’s early European session. German Retail Sales climbed 0.3% YoY in March, compared to a decline of 2.7% in February. The cautious approach from the BoE’s policymaker supports the Pound Sterling (GBP). The EUR/GBP cross posts modest gain
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World Central Kitchen To Resume Work In Gaza
International food charity NGO World Central Kitchen has announced it will resume operations in Gaza nearly a month after seven of its workers were killed in an Israeli air strike. WCK said in a press release that it is restarting operations and "focus on feeding as many people as possible" as the h
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