Darwin
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Bank of England set to join the 'Higher for longer' club
Summary The U.K. economy has continued along its disinflation path in early 2024, but at a more gradual pace than previously, as this week's wages and price data both surprised to the upside. At the same time, there are nascent signs of U.K. economic recovery. Sentiment surveys have been on an overa
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U.S. Housing Starts Plunge Much More Than Expected In March
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by
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Sensex, Nifty Set To Extend Losses On Rate, Middle East Worries
Indian shares look set to open lower on Tuesday amid escalating tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory. Media reports suggest that Israel has reviewed military plans for a potential response against Iran. The war cabinet reportedly remains determined t
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What new metal sanctions on Russia mean for global trade
The London Metal Exchange has banned delivery of new Russian metal following sanctions imposed by the US and UK for Russia’s invasion of Ukraine. Here’s what it means for the global metals’ trade. Metals prices will rise short-term, but there is a limit No Russian nickel, aluminium and copper produc
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The “hot” CPI print yesterday needs to be taken with a grain of salt
Outlook The “hot” CPI print yesterday needs to be taken with a grain of salt. With only a speck of sarcasm, Reuters notes that the month/month rise was 0.359%, then rounded up to 0.4%, when 0.3% had been forecast. “The rounded print would have been in line with expectations had the number come in le
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Fed's Williams: Outlook is uncertain, Fed must be data-dependent
Federal Reserve (Fed) Bank of New York President John Williams said on Thursday that the Fed must be data-dependent as the outlook remains uncertain, per Reuters. Key takeaways "Fed forecasts rate cuts starting this year." "Outlook is uncertain, Fed must be data dependent." "Inflation moving toward
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USD/JPY flirts with intervention zone
USDJPY trades sideways a tad below 152.00. This level was protected by Japanese authorities in 2022. Momentum indicators approach overbought conditions. USDJPY has been in a steady uptrend after finding its feet at the 200-day simple moving average (SMA) in early March. In the near-term, the pair ha
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USD/JPY flirts with intervention zone
USDJPY trades sideways a tad below 152.00. This level was protected by Japanese authorities in 2022. Momentum indicators approach overbought conditions. USDJPY has been in a steady uptrend after finding its feet at the 200-day simple moving average (SMA) in early March. In the near-term, the pair ha
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Pull-up Update