GhulamRasool
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Bearish pattern on EUR/USD can look for another leg down
USDollar is turning down against some major currencies, especially vs commodity currencies such as Aussie (AUDUSD), but looking at the 10Y US Notes chart, we still see room for another drop within wave »v« of C, which means that DXY may not turn down just like that. Looking at the EURUSD 4h time fra
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The commodities feed: Middle East tensions ease
The oil market traded little changed in the early trading session today as part of a broader risk-off move across markets. Meanwhile, the LME aluminium tom-next spread surged to the highest level since May 2021, with on-warrant stocks falling to record lows sending supply jitters to the market. Ener
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EUR/USD, capped below 1.0700 maintains the broader bearish trend intact
Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on
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BoJ’s Ueda: Bank will cut back on buying JGBs irrespective of data
Bank of Japan (BoJ) Governor Kazuo Ueda spoke at a seminar hosted by the Peterson Institute for International Economics on Friday. Ueda said that the Japanese central bank "very likely" will raise interest rates if underlying inflation continues to go up and begin reducing its bond-buying in the fut
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U.S. Dollar Extends Slide As Traders Pause Rate Cut Speculation
The U.S. dollar continued its early weakness against other major currencies in the Asian session on Thursday, as traders speculate a pause on rate cut following remarks by U.S. Federal Reserve Chair Jerome Powell. Powell suggested rates are likely to remain higher for longer amid a "lack of progress
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Hidden costs of homeownership: Race, income, and lender differences in loan closing costs
April 2024 Soaring home prices are making homeownership significantly less affordable for American consumers, especially young and first-time homebuyers, with nearly 39 percent of Gen Z hopefuls citing saving for a down payment as their greatest obstacle.1 While down payments are often the focal poi
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US Dollar looks for five-day winning streak on safe-haven inflows, diverging rate outlook
The US Dollar enters a fifth straight day of gains against most major peers. Markets are awaiting a change in stance from Fed Chairman Powell on Tuesday. The US Dollar Index remains steady above 106.00 targeting now the 2023’s high. The US Dollar Index (DXY) rallies forward as the King Dollar gains
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